{DoF} A brief update
Reserve Bank of Australia
Hello Australia,
First of all I am sorry that your reading yet another article by the Assistant to the assistant of the MoF. T.A.X.S.I.R.A. is semi active at the moment due to real life commitments (he is active enough to engage in long PMs with me via his phone and check in with finance matters, but not for a long and detailed article). This is something which we all face, due to RL will always come first over an online game.
So I have stepped up to give you all a brief update of money matters. I do hope it will suffice until the MoF is online longer enough to do a more detailed article (hopefully next weekend).
As this will be a brief update, I will just touch on some of the financial details taking place:
Tax Income: 26,564.22cc (Taken from day 3,028 to 3,035. Not including SA tax).
Avg Income: 3,320.52cc
Predicted Monthly income: 73,051cc (this figure is very rough as there will be expected comp come Easter, plus any other events can change the total income).
Expenditure to date: 40,000cc (4x MPPs Cz, Poland, Philippines and Netherlands)
Projected Expenditure: 80,000cc (4 up coming MPPs needing to be renewed).
RBA Funds:
Outgoings Commodities: 150,000cc has been set aside for commodities trading. This includes the sale of produce on the Australian market (profit + extra tax income), overseas markets (profit only).
Outgoings Money Markets: 150,000cc has been set aside for Money Market speculation.
Yet again, sorry about the brief report, but do expect a more detailed one this weekend.
As always, if you have any questions, please feel free to ask them.
Rusty D
Assistant to the Assistant MoF
Comments
Being a renter of an Org and also being in a position of power, some people might ask if I payed rent for the Orgs. So...
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'S.Q.U.A.D' Org rent pai😛
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APP payment:
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I would expect the tax income to be closer to $100K given the average. Also there should be over 20K in rental income, which I assume reminders have been sent out for, as well as monetary market income if that is continuing much the same as last term. Is J Seemore still in charge of that, or has it been taken over by someone else?
Will there be a detailed proposal on the commodity trading? Especially what will be traded, and what the likely impact on local producers will be. I expect the senate will have the final say on a new use of funds.
I did not included the rental income and any profit raised from trading. The projected tax income of 73k was for the remaining days, which would mean a total of 100k + or - a few k depending on market fluctuations (tax only income).
Org rental reminders have been sent (hence the RSU payment) and some payments have been received already.
The MM and commodities trading has been taken over by someone else. J did not want to continue it, but he has made his brain avaliable for picking, which is good since he is very knowledgeable about money matters.
If you want I can give you a detailed proposal about the commodity trading, but basically it involves large purchase of houses, food and weapons at a cheap price and the resale on the Australian and over seas markets to gain the profit which will go to eAustralia. This trading will not be done in large dumping on the market as it will effect eAustralian sellers, but the amounts will be filtered through the markets over time.
All out of the ordinary spending will go through cabinet first and followed by congress, depending on the use of funds, it will be shown via a law proposal and related articles (for example the new Philippines MPP).
If you have any further questions, please let me know, I am currently replying via the phone plus the character count limits a big indepth respsonse
I'd prefer to see a detailed article on it as it's a big undertaking, and reports once or twice a month should it be given the go-ahead by the senate.
I'm not sure why goods need to be resold overseas to boost other treasuries if there are gaps on our market. I would prefer some detailed records kept also to ensure that it is only filling gaps and not undercutting locals who can already make sales on production or imports. If they are large bulk buys it should be easy enough to do. I assume a separate org will be set aside for the purpose, so that we can not only see when we're competing against the government but also compare its balance and market offers for ourselves.
Particularly Q7 weapons and Q1 housing regularly experience a lack of competitive supply. Food is more of a matter of building a little extra capacity through industry stimulus as it is already regularly competitive, so I'd prefer if that was left out initially. Raw materials are also generally competitively priced here.
Also I wonder if any investigation will be made this month into us renting weapons, housing, or food bonus regions. Long term rentals on housing especially could easily give us a production industry which is virtually non-existent presently. Most market offers are import, whether from overseas producers or local import traders.
Yet from the phone again so it will be dot point...
* It is actually quite an easy undertaking, many private citizens do it already, as it is referred to as upselling. But it will be shown with reports when it is complete. As for congress approval, how is it different to the Money Market scheme and no congressional approval needed for that (not wanting an argument, just an understanding of percieved differences)
* Overseas markets will be used only when the profit margin here is too slim due to taxes. For example if 100 Q7 tanks were bought at 18.50 and the current market rate is 19, if one market gives better returns due to lower taxes compared to here (taking into account the taxes come back anyway) it is more beneficial (that was purely for example), however the eAustralian market will be the primary avenue.
* detailed records will be kept.
* an org will not be used due to the limited storage space in orgs. We cant miss out on a good deal due to storage limitations.
* Q1 houses are being sold here, but due to the prices they get set at are very competitive, they sell very quickly by people who upsell them. Same with weapons.
* Discussions are being made into region renting, currently we are focusing on near by regions due to the complexity and costs involved in AS just for a region rental. While it is tough going to find a win win in terms of a region rent, the government will continue at looking into it.
Also on the region rent, unsure if the previous governments made any head way with their enquiries as it could help speed up the process if they did.
Ilene ran for office on the platforms of MM trading and the Loan Scheme, and I was adamant about accountability to the senate. I don't believe any objections were raised.
If the commodity trading is to be done through a private citizen's account I'm sure the proposed manager will be vetted by the senate. 150K is a lot of money to be held in an account that could go inactive, rogue or get hacked or banned.
All I did last term on region rentals was look at the countries with surplus, but I was told I needed to go through the MoFA to progress any further so I haven't contacted anyone. I'm not sure if either of last term's MoFAs looked into it. I think another cabinet member was planning on contacting a distant country too but I'm not sure if that's happened either. So I'd assume square one.
Cheers for the follow up in regards to the region rental.
In reference of the commodity trading the players who are taking part are trusted players (one is me) and there is 'insurance' for the money they are using.
But the up dates will be included in all weekly updates. I look at the commodity trading like 'day trading' as you need to be quick and active to see the changes. The MM I look at more 'long term' trading as it is about speculating on price of gold going up all down and the offers stay up for 10 days.
Hopefully and figures we produce, be it eye opening or minor, will help future governments in planning on different sort of money making ideas. As you and I have talked about in the past, about up selling, this is basically the same, but with this scheme the government and partakers need to ensure they dont flood the market and hurt Australian producers.
An org will not be used?
Nah, opening it up to theft of goods. It is the countries money should be done through org trading as J has done in the past.
Guag as you know the Orgs are limited to the storage spaces. Org will be used for MM deals.
Why exactly are you trying to undercut the three or four people who use their own money to import? By definition the government can sell at breakeven prices and still "profit" from the VAT? The process is not exactly risk free either, being somewhat harder to manage in a falling price environment. What's the plan if the traders are stuck with goods that can't be sold at cost price?
When was this going to become public knowledge?
Why was it not stated as an intention during the election campaign? Some citizens make a living this way and may not have voted the way they did had they been given advanced knowledge.
Moving on to monetary market trades... What is it you asked last month? What rates? When? How much? And above all, show us the money! It is "national savings" after all.
Ilene...
* How am I undercutting the current sellers? for instance when I put my own Q1 house on the market it is less then the nearest competitor My price 472cc, nearest competitor is 495cc. Should the scheme be set to allow people to price gouge? Even after calls the past two months to have better pricing? Plus the amounts put on the market will be filtered so that it wont flood the market and hurt local producers.
* Traders will not be stuck with any product, there is an ability to make sure that doesn't happen. It is actually easy to manage as well, if you know what you are doing.
* It is public, hence the article....
* Taken from my second CP paper "My cabinet will be looking at ways to increase our financial worth. In the past I have been able to spear head programs to increase our savings. I will be discussing this with our financial experts and trying to implement it for today's game style." and I have done just that. I am sorry if you want me to spell everything out before the election.
* Show you the money? it is sitting in the RBA and mid week I will release an article talking about the rates/when/how much.
All in all it is great to see you have taken a much more vested interest in our money, rather then last term when you said you left it up to the DoF only.
But rest assured, every thing is documented and the only people who might be hurt by the products on sale, either here in eAustralia or on an overseas market are the ones who have sky high prices. As remember from the previous terms round table discussions, it was something that they wanted to ensure, a lower price for eAustralian consumers, hence the lowering of import taxes to flood the market with over seas produce.
This allows idea allows the people to buy products at the market rates and allows eAustralia to profit from it. If the government product is sold for 0.50cc above market rate, yet the closet Australian competitor is 23cc above market rate....
I've asked you before in private and I'll ask you again now. Please don't speak down to me, I'm not a child and I don't appreciate it.
I know you're taking a dig at my Q1 houses for sale at 495 without actually trying to say it, so I'll lay it on the open for you 🙂
The global price to buy a Q1 house is about 472 CC at the moment. Unless you're going off-market, it's not possible to buy any cheaper in quantities worth the trip. Our VAT for houses is 3%. That means a breakeven price for non-government people is in the vicinity of 486.2 CC. At 495 and 3% VAT, the net revenue I collect is 480.15 CC
I'm not doing it from the goodness of my heart, but to make an honest profit, because I'm using my own funds to bankroll the transactions. I carry all the risk of a typo on prices, product can't be sold because r was bought too dear and so on. That profit is: 8.15 CC/house in the current markets. Less than 2% of the capital needed gets banked as profit - in fact treasury gets a larger cut than I do. Hardly price gouging!
Your quoted statement hardly offers clarity that you were going to put the government into direct economic competition with me - using unknown citizens as proxies. At best it was a vague commitment to monetary trading, like you have done previous. Not wholesale interference in national markets.
Your continued comparisons with my term and team last month are illuminating. I chose my ministers, publicised their names and roles before both the Feb and Mar elections and trusted them to do the job I asked them to. With oversight, of course - the CP always has the ultimate responsibility. If there was a finance question I had a finance team to answer in detail. Likewise on FA and defence.
By contrast, this term is about your government and the people you chose. As I said, it's illuminating that you both feel the need t continually compare and to write so many departmental arrivals yourself.
I look forward to (another) update in a few days.
Ilene, I am not taking a dig at you or talking down to you.
I am pointing out the current market price of a Q1 on the market at the time I commented. I could do it with Q7 weapons as the prices in the Australian market are higher then the world wide market prices.
I am not comparing the different terms, I am merely trying to continue the drive the DoF had started, answering the need for lower prices of weapons and houses.
I never published my cabinet because I didnt think I would win. As I made clear to you in private PMs. But when I won I ensured I had a cross party cabinet to try and put people at ease who had some sort of fear of a shadow government or one that is too one party sided.
I have never planned on making the government undercut the citizens, but I do plan on trying to use them to sell a select amount of product at competitive market price to generate extra income. Even if it was via product or via MM, as soon as the government puts something on sale, it is in direct competition of private citizens. If the government set gold for sale at lets say 400cc, that would be direct competition to Joe Blogs with his gold on sale for 401cc. However if the person selling (government or on the government behalf) can limit the amount of product being on sale, be it weaps, houses, food, gold or cc, that still allows a private citizen to buy sell as well.
My whole aim is to try and generate money for eAustralia, so we do not have to rely on private citizens paying for MPPs, so the country can set COs when needed, rather then rely on private MUs. We have always in the past relied on the MM, this is just an expansion of this. Something that I have done in the past as CP which worked then and I believe it will work now.
Must be the secret squirrel club again. At least the transparency was there and J's name was out in the open last month. This term it is "trusted players"
What a joke, let's just Dic the country again and be done with it.
Or if you were in congress you might have a better idea about what is going on... but I understand you wont accept a friend request from a 'white elephant'.... Even if it so you can be informed.
Or if your not happy, why Dic? when you can propose an impeachment? Or do you prefer to have dictatorship,so soon after you fought for democracy?
One week and already suggesting impeachment. Is this a new record?
If you read the statement Gudz it says "Or if your not happy, why Dic? when you can propose an impeachment? Or do you prefer to have dictatorship,so soon after you fought for democracy?" as in if Guag is not happy and calling for a dic "let's just dic the country again..."
Did you read my statement? I said suggested impeachment, not asked for it. You are not the only one who can craft frilly word snares it seems.
also I dont think it is a record, last year I had to leave the game due to RL issues and I requested an impeachment. I think that time it was one week or so into the term.
https://www.erepublik.com/en/main/law/Australia/155446
Wow, that is heavy odds.
Let me make it clear again for you.
I was on your friend list till you had sand in your vag, I am not going to keep accepting a friend request when people want to give the appearance they are playing nicely every 4-6 months.
Also this is not a congress thing, as a citizen of the country who is putting my taxes back into the country I have every right to know what "trusted players" are moving the country's money. If you looked past your own ego you would see that even when not in congress if I smell shit I will stand up and ask the question that others are too afraid to ask.
Well, I am unsure who is afraid to ask... and I am unsure what s$%t you are talking about.
When did I get "sand in my vag" as you so eloquently put it?
Yes as a citizen of this country, you ask questions, you can talk about 'dic the country again' you can propose impeachment if you will. As I stated to Ilene's questions, to satisfy her questions I will release an update with that and other questions being answered. So all of eAustralia can read.
And I can understand how you would feel, some players I trust, you don't. Hence why as stated above, I plan on doing a update to the questions being asked. How ever if your talking about s#$t as you it being smelt, you might want to correct your PP article, considering you appear to be shoveling quite a bit there.
"Some players I trust, you don't."
How are we supposed to know if we trust them or not if we don't even know who they are?
Gudz it is a generalisation. The fact people trust different people in this game. As stated the players who have taken part in this scheme will be mentioned in the Q&A article. They are players who have accepted the pre-conditions associated with the scheme
Is one of those preconditions that the senate gets to know who they are and, I don't know, gets a vote maybe?
A few who don't want to be attacked by RSU members.
When you wiped certain people off your friends list.
You keep talking about impeachment? Are you now not up to the job
Trust? Shoe seems to be on the other foot now.
No need to correct my article, if you don't feel it is correct close your eyes. I have been KH before so my vested interest would of been seen if it was not for your ego or flunkies in the road.
KH ftw \o/
- A few who dont want to be attacked by the RSU? I am not the party President of the RSU, so unfortunately I can not help you there. However it is nice to know that you want to stand up for people who have been victimized as you put, but it does seem a bit weird that only earlier you said "I also will not be taking aside my members to smack their hand if they choose to give another community member a verbal burst, if that community member is trolling the situation. A heavy handed approach when other PP’s allow their members to push boundaries will not work if another party is publicly allowed to benefit from this original bullying." - taken from your PP article. Which reads like you would not some condone someone who either starts or continues to fuel the fires of hatred. Rather then trying to seek calmer heads.
- Did I 'wipe' people of my friends list? I only remove 'dead' citizens.
- I believe I am up for the job, the impeachment reference was made due to your calls for dictatorship and your apparent disagreement with the way things are being conducted. "Must be the secret squirrel club again. At least the transparency was there and J's name was out in the open last month. This term it is "trusted players"
What a joke, let's just Dic the country again and be done with it." - taken from above.
- Trust the people I deal with, hence why I trust the people who I have approached for this scheme.
- Not in regards to your vested interested, but more the comments about 2 threads (it is one thread) and your comment about the CS committee being 'hand picked'. And sorry, I cant close my eyes, apart of playing the game is reading articles and having an open mind and finding the truth before publishing half truths to suit ones own agenda, but I know you do the same as well.
Stalker much
Also my account has never eDied, I never removed you from my list.
Try telling the public another lie mate
I never removed you either Guag.... unless you have something to show that I did, please dont lie to the public and try and discredit me. But if you do have evidence of me unfriending you, show it.
I actually enjoy seeing you get upset when I do shouts and what not. Because it means you are paying attention to what is happening in the game, even if you dont like what is being said or done. Having activity is better then no activity in my eyes.
Just like I enjoy when Lany pulls me up on something I have done, it means I can get feedback and correct what I am doing, be it as private citizen or in an elected role by the people.
Nothing sticks, just read the comments and it is always a direction towards another person. Screenshots about someone else, somebody else must of said that.
Starts to get a bit tired after a while.
ADP paid http://prntscr.com/afau4j
Thank you
he paid in bitcoin ....
Was not necessary to vote down this law:
http://www.erepublik.com/en/main/law/Australia/173094
voted