[UKGOV] Financial Matters: The Monetary Market

Day 1,181, 14:26 • Published in United Kingdom United Kingdom • by Bank of England


Greetings. As many of you will have noticed, GBP has today been devalued to 0.015 G. As well as this, the gold side of the Monetary Market has been stabilised so that we have a low spread. Low spreads ensure there is less naughty speculators who attempt to manipulate economies to glean profit.

Since the inception of the Plato script, we have seen a massive increase in the supply of GBP, with conglomerate managers working in their own iron or grain companies, and dumping this GBP on our monetary market. These actions are not only incredibly short sighted, they're also damaging, sometimes taking many days to undo.

That is why I have taken the decision to undermine any speculator, and "dumper" on our markets. My goal is simple: to restore the harmony of a gentle, balanced Monetary Market, where we have certainty in the value of GBP, and hopefully, a strong supply, with a slightly higher demand. This will enable both citizens and the government to convert their wages, or income, into LOVELY GOLD. Until that time, there may be some uncertainty in the value of GBP. This is because to try and stop people dumping gold (ie putting huge offers on the market below the current offers), and to stop speculators, I basically have to fight them, and make it unprofitable or harder for them to do what they do; undermine economies or put huge supplies of currency for their own needs.

As such, the value of GBP may be fluctuating within the coming weeks, rising as speculators buy GBP or "dumpers" stop putting huge offers on the market, or even falling, as speculators buy up the gold side of the market (getting rid of their GBP) or "dumpers" put huge offers on the market. Whilst I appreciate that it is important to sell some of your wages for gold (for boosters, or fighting), you must do so reasonably, otherwise the market is overwhelmed, and I have to respond.

Until further notice, I will be attempting to keep the MM at a steady rate of:

1 Gold = 68 GBP - If you wish to sell your GOLD for GBP, then please offer around this "peg."
1 GBP = 0.015 GOLD - If you wish to sell your GBP for GOLD, then please offer at or above this "peg.")


Should I see anyone undermining our markets on purpose, I will take the appropriate action to ensure that their short sighted, greedy, or "for lulz" tactics cost them dear; by either devaluing the currency further, or buying up offers with my own personal gold, and selling them on for a profit.

Patriotic citizens are encouraged to use the Official Government offering when buying GBP, this is "Bank of England" which will regularly offer GBP for sale at the temporarily official peg rate of 0.015g per GBP.


Thank you,
jamesw
UK Minister of Finance