Treasury Update
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by Reserve Bank of Australia
This report will not be as long as some of the others.
We have seen a great increase in the amount of taxes paid. This can be attributed to a few things. Firstly, many expats are returning due to war games and more regions being achieved. Secondly, it represents real population growth. More workers increasing in skill and getting paid more.
Population growth
Has grown a lot in the third week although seems to have dropped off a tad over the last few days. This means that we are spending less of our taxes on the citizen fees.
NBA
Over the last few days we have seen a great increase in the demand for gold. This could be due to lots of people hitting level 6 and because of the senate gold. It has meant that the NBA offers are selling out much quicker and it also means that the AUD will appreciate (be worth more compared to gold). Once again this will be a baby step.
This has a couple of things to think about. Our real wages are going up. Both in terms of AUD and Gold. However it means it is harder to export. Everything in the economy is a trade off.
Funding Update
In the budget centrelink was to receive 30kAUD a month. Aussie-Vegeta, Timothy Rogers, Ranger-Bob and myself are extremely please that this figure has been more than halved. Funding on companies is around 3000AUD a week and gifts for social services is around 200AUD a week.
However cabinet needs to clear up some legalities about the companies that this budget is funding. WE will get back to you on that.
Currency BenchMarks
1AUD=0.024 gold
1 gold = 42AUD
If you have any issues feel free to post here or PM the National Bank of Australia
Tim09
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Comments
Selling food Q1 for 0.017 GOLD
"Over the last few days we have seen a great increase in the demand for gold. This could be due to lots of people hitting level 6 and because of the senate gold. It has meant that the NBA offers are selling out much quicker and it also means that the AUD will appreciate (be worth more compared to gold). Once again this will be a baby step."
I think this was a mistype. Demand for AUD should be up if many people are reaching level 6 and newly elected Senators are selling their Gold.
"This has a couple of things to think about. Our real wages are going up. Both in terms of AUD and Gold. However it means it is harder to export. Everything in the economy is a trade off."
** The Free Market is like water. Water always flows to the lowest point and is constantly flowing to become level. **
YES, you have gotten a raise in your buying power on an eWorld level even if your pay rate has not gone up.
It will be harder to export. High taxes will keep imports out, BUT it will fuel the Black Market as people find great deals and no taxes.
We need to quit trying to force our economy to do things. We need to embrace the Free Market. We do live within an eWorld economy. 🙂
Just some food for though. 🙂
John
And how about the price for that Food For Thought? It seems just last week the Food Market was riding extremely high, and now the prices have suddenly dropped. Some Q1 Food is now selling for below government recommended price. What's up with that?
@Pete. That is not really my area of juristiction. I administer the money. The MoI watches the company side of the market.
I can tell you why though. People saw lots of opportunities to make profit. The free market swings back and forth and is only "correct" because it swings through that value. Eventually some companies will go broke and we will have a reasonable supply. Hopefully no too many will go broke and we won't have shortages again.