What is Up with the Monetary Market? (FIGHT IN HELLO KITTY)
Jewitt
Nation, sometime around 18:00 today our economy was attacked - or just severely bought into. With our acquiring Karnataka, we expected a rise in the value of our dollar, but not so soon. This has caused additional pressure on the Congressional Budget Office (CBO) - the chief value regulator of the U.S. Congress.
I was quickly alerted, of course, by about sixteen frantic congressmen waving their hands screaming of the end of the world. Earlier today we decided that the pressure on the CBO was enough to raise the peg temporarily to 1 USD = 0.027, to account for our acquiring Karnataka. What we thought was happening was that many were speculating the currency's rise due to our new iron region. Also, many new companies were being set up, despite the 50% income tax.
Unfortunately, later tonight around 21:00 many congressmen were screaming: Someone or something was targeting the U.S. Economy. The CBO was dried up, mostly from the Christmas Holidays and the lapse in proposal timing due to the season, so the nation was at her knees.
This is what I think some saw when the offers were being bought up.
May this be Josh Frost's evil twin, Frosh Jost?.
Declaration of War
What happened next is something that few could expect. I declared war on the economy (At least, the people trying to undermine our markets). With our fine Generals, we used a mixture of militant and private funding to create a "blockade peg," set at 1 USD = 0.031 GOLD, to prevent any further rises beyond 1 USD = 0.03.
Fine personnel stepped up beyond their requirements to perform when the nation needed them most. The entire United States Armed Forces, Max McFarland 2, and countless others I could only begin to name took their hard earned money and put it on the line to secure our economic stability.
And with that, I am off to talk to some Europeans. Apparently, they decided to have some war and invited us along. How kind of them!
On a side note, the CBO will return to full capacity very soon. Arrangements are being made and the U.S. Congress will once again have complete control of our Monetary Market.
It appears that a lot of people want me to tell them what to do during all of this. Honestly, the President does not control the monetary situation of the country - Congress does. My personal recommendation, however, has been: Continue trading as normal, except assume that 1 USD = 0.03 GOLD, and not 0.025 GOLD. We now hold on to high iron, and that means there is an increasing demand for our dollars.
Written by,
Your President
Rheinlander> Voting on peace/war proposals is something I do more during Jewitt's Presidency than any other.
Jewitt> Yeah, sorry 'bout that.
Comments
First DENIED
second
third
Jewitt- Not even the economy could be saved from his war-declaring hammer of justice!
xD
Keduaxxx
bronze medal for me\o/
Man, I'm slow.
LOL
First page. Yeah thats right
in before economy beats jewitt
I bet its one of them PHONIEX members
Lovely.
Yay Lets kick our Economies ass!@!@
Sign for eEgypt: http://www.erepublik.com/en/forum/topic/147098/add-egypt-to-erepublik/1#post1661325" target="_blank">http://www.erepublik.com/en/forum/topic/[..]61325
I bet it's Indonesia
Yeah! Curb-stomp that bitch economy! lol
Yeah, better free that high iron lol
v
😮
lol
denied
first page?
we made even more gold then we thought
I STAND READY TO KILL GREENBACKS.
o7
Voted and subbed.
Sorry about the blank.
I was part of that 16
Man, even in the virtual world, the economy can get screwed. Glad that we have a backup plan.
Yay!
OMG! A new crisis? I don't take it anymore 😉 I keep my savings in yuans instead dollars. Or maybe in renminbi.
lol who was that someone?
*Straps on a tactical nuclear device and runs madly towards wall-street with detonator in hand.*
Can the posts be smart? Just wondering. "First"? "Seventh"? Our currency is under attack, and one of our greatest Citizens is responding. If you've nothing to add, then f^c! off.
Why can't it become stable this fast in real life?
Jonathan -
Because Jewitt's not running it 😉
who's zoooomin' who here ??
40th
Nothing surprising, mate:
http://www.erepublik.com/en/article/jewitt-shocked-by-usd-raise-az-eln-k-t-megd-bbenti-a-doll-r-er-s-d-se-1118090/1/20" target="_blank">http://www.erepublik.com/en/article/jewi[..]/1/20
I agree with Jfbranson
please buy Weapons company q2 for 37 gold http://www.erepublik.com/en/company/usarmy-gun-209995" target="_blank">http://www.erepublik.com/en/company/usar[..]09995
what can The People do-- both to help the situation and to survive?
I understand this is a boon to those who have a lot of cash on hand.
but what can The People do-- should we spend money or hold onto it? should we convert gold to cash, or cash to gold, or sit tight?
what can struggling Companies do-- the Q1 level industries have been screwed anyways. sell products as they're produced, at market prices, or try to stockpile products? our employees just got a 20% raise (per gold conversion math) that we can't afford.
Does this mean your establishing a Federal Reserve?
can someone write a nuts and bolts article about why currency needs to be where it should be and the downside of it not being there. Cause to quote will smith, i "just dont understand" http://www.youtube.com/watch?v=jW3PFC86UNI" target="_blank">http://www.youtube.com/watch?v=jW3PFC86U[..]86UNI
[removed]
who has this much gold to waste?
If this is the economy getting its ass kicked, I'd hate to see what happens when the eUSA industrial complex pulls out a can of whoop ass.
Sounds like a good time to sell gold for USD ..