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Very interesting proposal. I don't think my feedback would be very helpful as it may be biased given recent events. I was heavily invested in eCitizens Bank of the World Financial Group, a bank formerly run by Mr Andrews, which is now facing serious problems. I'll be lucky to get ANY money back. If I do, it will likely be the exact amount I began investing with over a year and a half ago. Mr Andrew's account, the one with all of the assets, has died as he received a RL promotion and has no time for the game and Cloyd Wallis, the CEO of WFG, is now struggling to get the money to pay back investors.

Yes, I originally thought that having a citizen as the bank would work. Unfortunately you never know when the person behind the desk will leave. By making this a government run bank there is security in your investments.

Before Mr Andrew's left, how successful was the bank? Did they offer good rates?

yeah, we don't do stuff like this here JM, we like safe and boring. I'm sure somebody will be along soon to tell you why it's such a bad idea and has the possibility to raise Lucifer himself...

Shame, cuz if we never try anything we'll never succeed. Then again if we never try we'll never fail...

The bank was very successful - likely THE MOST successful I had seen during my entire time playing this game. Here's a link to his newspaper: http://www.erepublik.com/en/newspaper/world-financial-group-263875/1

However, I do like your idea more given it is government run. That definitely makes me more comfortable and supportive of this.

Does Lucifer have any capital to invest?

You can succeed without trying, but if you don't try you have to deal with Raw Weapons Companies that take 1 year to pay back because you can only sell at 0.05 GBP. You have to deal with tanking gold prices. You have to deal with citizens who cannot afford food even with their jobs. You have to deal with a slumped economy that will not move forward.

On the plus side, there are no chances of the economy tanking. It's too low already for that to happen. The country is currently succeeding, there are many rich people. You see them around when they buy votes. Unfortunately, that's not the success that I am looking for.

@Lancer450 - It's been 100 days since the last article, but 3.89% sounds like a pretty great deal to me. Sit back, and watch your money grow!

Oh, I forgot to add Cloyd Wallis' newspaper link. Here it is: http://www.erepublik.com/en/newspaper/wallis-media-188454/1

According to one of his articles, "Please, if I can not pay you, PM Mr Andrews... most of the banks assets are still held in his account. He may be able to repay you." The problem with that is... HE IS DEAD. : (

/me is angry.

I like the idea of investments to the Bank of England, very good idea! I think you would have to establish a smaller payback time or maybe different bands to allow all players to maximize from this

An absolutely great idea! I've been thinking about money quite a bit lately as I have 3 Q7 weps companies, but I just fired all my employees as I can't seem to break even 🙁


I'd definitely give it a shot!

@Lancer450 - and that's exactly why most of us don't want to invest, we have no guarantee. However, I doubt the eUK government is going to die any time soon.

@Richard Feist - Yes, I originally thought 12 month payback time for Q7 companies. However, perhaps a shorter time should be considered. It is important to contact individual MU's once the initial idea gets implemented.

@Xanthar Zaiban - Well, think about who you are competing against! Most of them are MU's who hire at 10 GBP an hour, so it's very difficult to compete. With my system the MU's will run the company, not the bank. So in the case of an MU not being able to afford it they can cancel the agreement and the company can be leased to someone else.

I think that the Q7 should maybe take asmall percentage off to help restock the eUKs war supplies? thoughts?

yes, maybe the monthly cost to an MU can be reduced if they agree to donate a certain percent of the tanks to the war department.

WFG was an extremely successful group. I was good friends with Cloyd. Sad to hear about how it ended

sounds interesting, voted, would consider sponsoring and supporting.

propose it mate
it's gotta be worth a go

@mick cain - yes, I just did. I am trying to get the word out about it more to see how people react to the idea. So far, it has been quite positive, let's hope it lasts!

I hate to burst bubbles, but governments cannot own companies: only citizens can. The game itself actually blocks organisation accounts (used by governments) from owning companies. Do this would simply lead to a government using a citizen account which then has no guarantees of either safety or activity.

you obviously know what you're on about but your vastly overestimating the amount of money a Q7 weapons factory makes
'At a rate of what I value to be 150 gold each month' if xanthar can't break even then i value the rental of a Q7 at whatever the owner can make which is tiny
the idea of lending money to noobs is good as it lets them get some raw materials companies the only profitable ones at the moment

@jamesw - if a citizen account is used, there is still both safety and activity guaranteed. The risk of investing in your neighbor is much higher than the government because when you log in tomorrow the government will still be there. You know this, and I know this. Your neighbor could be gone and never come back.

@mwcerberus - Let's use some math to calculate earnings. You have 10 employees making 10 Q7's each day (we'll have the bonus weapons be their additional earnings). You pay them 10 GBP each, so that's 100 GBP spent. That leaves you with 100 Q7 weapons which you then sell at 12 GBP each. That is 1200 GBP, minus the 100 GBP salary, leaving you with a daily 1100 GBP. Over 28 days this adds up to being 30,800 GBP. At the rate of 350 GBP / Gold you have earnings of 88 gold.

Thanks for pointing that out. At a rate of 150 gold each week there is no way that an MU would want to cooperate. I will keep these quick calculations for when modifications are made to the proposal.

The problem is, as someone commented above earlier, even those with the best of intentions can dissapear, leaving people with investments in the lurch. The problem is, a Government will have no power over the person that they put investments on, save for putting investments on someone else instead (which is likely to lead to that person becoming angry and running away with the money invested to say, the USA, like Goku did a few months ago).

The issue is, there is no investing in the 'government' - the government simply chooses one of your neighbours for you to invest it: it may remove SOME of the risk: but it can never remove all of it unless the admins change the way the game works.

@jamesw - Now I understand what you are saying. The government can't run this citizen account, that clearly violates the rules of the game and has other issues as well. Finding a trustworthy person to handle so many accounts would be nearly impossible and would still have some risks. Perhaps it would be a good time to contact Plato about it.

very nice, am with you, voted + S

@David Norman - Thank you, your support is appreciated!

@john maverick you have failed to add in raw materials costs which are massive i'll do some maths and work out an actual profit for you since i'm a bit of a maths guy

settings best case
60% weapons bonus
raw materials 0.04 each (35200 needed)
workers working for 10gbp (10 workers+manager)
weapons selling for 10.8gbp after taxes
profit = £392.8 per day
settings worst case
60% weapons bonus
raw materials 0.05 each (35200 needed)
workers working for 20gbp (10 workers+manager)
weapons selling for 10gbp after taxes
profit -£200
so with minor fluctuations they aren't profitable at all

I think you are an optimist.
It is possible that the nation would make a loan, but then what if the person stopped playing or skipped country without giving it back. I think that not everyone on the internet can be trusted.

Many have already tried, John! Alas, a lot of people seem to think those of us who have been around for a while have just been sat on our thumbs, doing nothing! 😉

There are supposed to be economic changes coming in the next few months, exact dates are yet to be released by Plato. I personally think we should wait until we have either more information, or until the changes are actually made, then we can look at how else the Government can help people.

Countries controlling companies was brought up at the eRepublik meet. If it is ever going to happen... Who knows.

I don't have time to do your article justice right now, I have to run off to work shortly and to give a reply worthy of the effort you have put in would take too long. I will get around to it though!

Quickly though. Interest: It has been pointed out that this can not work in the capacity that you have mentioned. However, instead of using the cash to buy a Q7 - it would take literally months (3/4) to get the gold on to a private citizen who could then just walk off and still the profit is so minimal - we could shove the money onto the MM. I could do what I am doing now with gov money but do it with citizens money. I would be hesitant to promise an exact %age profit but could offer back the profit that is actually made. It would be a no risk way to invest a citizens money and hopefully get some profit (I want to remind people it doesn't always work).

Loans - What would you suggest new players spend these on? They are highly likely to quit if they are burdened with debt and when they realise they have to play 100 more days to pay off that debt, well I am not sure they will stick around! I got about 75% of the gold I loaned out for Legion training grounds back - I would suggest the gov would get less than that back.

The idea of investing as a group on the MM sounds a good one and could be a good use of an org, however as carlini has said the MM is not a sure fire way of making money and would need careful attention and a long time frame to make an income

the best way to do that that i could think of it to have set times to have your investments in by say 10am on thursday so it could be calculated who had what in the system when the gold/currency was put on the market

then whoever operates the org can see what % each member has of the total initial amount which would then become the % they recieve of the final amount when the offer ends / is completed (if this was done privately rather than a government thing i assume a cut would be taken from the profits)

then the cycle restarts with new investments, by doing this in cycles it would make it a lot easier to run but it could be a very good idea,

(i'm not sure how orgs work completely but i assume more than one person has access so if 1 quits can still get the money)

I like the cut of your jib, John

Be nice if we could try it, but game mechanics make this impossible, as Jamesw said. There was a "T'jelle bank" and a stock exchange a while ago, but both collapsed due to there being no way of making people repay loans.

There is good reason why its hard to find a player who will loan you 15G. Its suicidal. Using tax money to fund such risky projects is definitely not worth it imo

I like the concept of it, and could be a good way to earn a little money. I think that though, this should be something the eRepublik developers could think about including to the game, where the bank owners will be able to take money, gold, supplies and possibly even companies from accounts that owe them money, without the player needing to send it, to repay the loans. This way it would make it a safe way of lending money to people, and there is a higher chance that you will be able to get it back.

@surferdude - I am indeed an optimist, but lending money to players is not a part of the proposal. I suggest you read it over again.

@Carlini8 - I repeat what I said to surferdude, the bank will not provide money to players with this proposal. Perhaps investing in Q7 weapons is not the best way to do it, but I do believe that an increase in capital for the government would help the financial department in investments. Even if it is on the MM and you cannot guarantee earnings many players will still do it. When you invest in a RL corporation are you assured a certain % gain? You are not, so maybe this investment should be treated like that.

@Danie Fox - Jamie2721 - TheAlmightyLlama - Until eRepublik offers a way to secure loans there is no way the bank can make loans. Only by owning companies managed by the goverment would this idea work. Clearly there are obstacles to this, so loans would be extremely difficult to do.

@jamesw - To be honest, I find your lack of cooperation to be insulting. Perhaps the possibility of a loans system should wait until Plato releases economic updates, but there is no reason to not have an investors department until then. With a pre-established investors department we will be able to determine the profits found on the MM on average to see what kind of loans to be offered. Maybe you weren't sitting on your thumbs then, but you sure are not helping much now with your remarks.

@ John

If eRrep were to ever introduce that, youd find citizens would create loaning companies way better than an eUK government ever could

Lotteries aren't allowed apparently they're gambling

i will set up the investment and loan department of Norther Rock lol

"Only by owning companies managed by the goverment would this idea work"

And as the government can't manage companies this idea cannot work. Companies can only be held on personal accounts, not organisations.

Supported, lets at least look at implementing somehting like this.