[FRERK] Part 3: Economics - gold gold gold
Day 1,136, 11:25
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Published in United Kingdom 
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by
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by Frerk
Dear citizens of the United Kingdom,
My previous intent article can be found here, additionally my view on domestics can be found here.
This third part of my manifesto for the upcoming presidential elections will be introducing my views on our economic situation and its ministries.
The economy is one of the most vital components that form a nation, it provides income and products both of which are essential to any country willing to wage war or defend themselves.
Currently we in the UK have two ministries responsible for our economy, the Ministry of Finance that manages our treasury and maintains our currency on the money markets, and the Ministry of Trade, which examines markets at home or abroad to try and optimise our goods supplies and balance the tax levels.
Ministry of Finance
Sudden changes in the money markets can destabilise the economy, we saw this recently when GBP rose suddenly in value to 0.03 Gold per GBP, this meant that many citizens and company owners found themselves paying a much higher cost in gold, without a price change in the markets to reflect this change. Therefore we need to devalue the currency from its current price and return to a peg around 0.022 gold per GBP to provide the best value balance and stability. This will be one of the main priorities of my government.
Ministry of Trade
Due to the admin’s decision to remove organisations and grant a productivity bonus of 25% to whoever moves their companies to their citizen account both the Ministry of Trade and the Army will have to reorganise. The pattern this takes depends a lot on how the admins deal with “transferring the functions of orgs” (their own words) to a new system. If they maintain a system where non-citizen based government companies are at a disadvantage, then we will have to look at completely changing the way our army functions.
I’d also like the Ministry of Trade to investigate our current iron and food markets to see how feasible it would be to raise the import taxes for those products, which I’d like to have increased to 15% at least if we can easily supply our own demand. With higher import taxes on iron and food our companies will have a competitive edge over foreign companies that have to overcome the tax to have a chance at seeing their products bought, therefore the money will stay circulating within the UK rather than leaving the country.
tl;dr
In short I want devalue the GBP and raise the import taxes on food and iron to stabilise and protect our economy.
This marks the end of my view on economics. Stay tuned for the manifesto you’ve all been waiting for; my views on the military and foreign affairs.
Frerk,
Candidate Prime Minister
John Forseti,
Candidate Deputy Prime Minister
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Comments
Frerk for Prime Minister o/
That is amazing!
We will be rich for sure if we elect Frerk.
I was previously undecided, but now I'm voting Frerk!
Vote Frerk
Frerk for Prime Minister o/
vote
No huge manifesto this time :3
Maddog should win awards for that post.
Indeed SHA, Maddog has never said words more true than that.
I am making a comment! Eff yeah! 🙂
Very Poor
2 hours, 370 vote, org votes are org
voted
And you guys wonder why the UKRP has had the Chancellor for what, 9 months on end? : 3
Because the TUP chancellor went to run the Phoenix treasury.
I am definitely voting Frerk!
What daniecox said 😁
voted
v
Plannin n Preparation Prevent Piss Poor Performance
I shall be voting for Sir Humphrey as CP, not Frerk
CC
I am voting for Sir Humphrey for a better future
...............
Have you talked to thatcher about the currency? At all? Right now I count at least 50k gbp selling at 0.03, 25k of that is gov gold. He's relishing this chance to sell it off high. When that's gone, he'll be forcing it down slowly. And regarding the gold price of goods, they are adjusting too. It's just taking longer because no-one wants to reduce wages and and have people quit. This is because not a lot of people understand the every changing gold value of wages and goods. If you want to do anything about the price of gold, educate people on that. Now, I am a advocate of lowering but just picking a value because you think it would be stable? It jumped from 0.03 over night, and it was at 0.022. Call that stability?
And regarding trade, I can tell you now that no-one even sells us iron, it's all produced by ourselves (and for cut throat prices because running weapon co's here is unprofitable because of no demand for low quality sheets and foreign high quality goods, like china and Hungary, are a hell of a lot cheaper) and so raising the tax on that is just pessing in the wind, attempting to look useful.
With regards to food, an extra 5% will only effect about 10 suppliers. Not even sure if that will be worth the effort either. However, I'm sure the current minister of trade, Rory, would be glad to find out if he was tasked with it.
urm...what can i do?
this is all too complicated
tl;dr
In short I want devalue the GBP and raise the import taxes on food and iron to stabilise and protect our economy.
daniecox: Iain hasn't been Chancellor since sometime last year. Bombs, Thatcher, and Wellesley have almost a year and a half in between them, and outside of this month, MoT was also UKRP dominated. There's a reason for that.
Dish: Rory is kinda partyless. he just enjoys playing with figures and seeing what'll work out for any set of desired wants.
^ that's blaggard, cba to change account.
The annoying one is still a jerk
NOT BRITISH
Yes, Higter, you are not British.
: (
higter gib mal op 🙁
^Just to reinforce Blaggards comment on Iron;
Our current weapon companies produce 90 Q5's, 25 Q3's and 33 Q1's daily creating an internal demand of 33,500 Iron per day (+/-2,000) which UK suppliers can meet (even ignoring affiliations).
The Q5's are overpriced (need to recoup their 390G somehow) but the Q3's and Q1's are about as cheap as we can make them and compare well to whats on the market.
We totally lack production in low Quality weapons but since the general consensus in the eworld and the UK is that weapons are a waste unless we're defending London then it's only a big deal if you feel London is threatened (which it really isn't anymore) or you want to make use of our 3 boosters in production and seek to derive some capital from exports.
Personally I'd like to see the VAT's abolished and a steady exchange rate nearer the current mark.