Economy debate

Day 111, 23:42 Published in South Africa South Africa by Jeffa

Hey!

Hoorray, once again. We have finally started a good political debate, and this is truly about economy of our contry, which need some change, perhaps.

Nidgaard attacked my view on our economy and treasury in SebastianA's newpaper [a url=http://www.erepublik.com/article-130372.html]S.A-Political[/a]


To defend my self: What good are a zar-treasury, if not any gold to make it worth something? Our lousy 100Gold treasury, cant be used for anything. If we give 80 gold to start to companies, what good would that make? Would it give more gold back? Noone would sell gold for Zar, atleast not to a fair price.

Look at the monetary marked, recommended buy/sell rate is 1 Gold = 50 Zar, yet Nidgaard is selling 1 Gold for 1000 Zar! Who can afford gold for that price? So not even the treasury of our country can afford to buy your Zar, when you sell it so high.

As a possible solution, which is far-out. Is actually to invite more people. Let the people in SA invite and get gold. Either donate some gold to treasury, or gather gold together, like you did with weapons-company, and start up. But it will only bring Zar into treasury, to start more companies.
Well, thats not quite true. In eBabb, I sell over half of my stock, about 100, into the brittish marked. I sell quite cheap, so I am the cheapest food of my quality on the marked. This gives me GBP, that I sell for Gold later. I can do this, selling cheap, only now, that eBabb got good cash, and are going good on the SA-marked.

So the way of making Gold in SA is either by inviting new users, or selling to a strong foreign currency. We DONT need to multi-account to start companies, or to get ZAR.

-Jeffa