[MoF] Five-month report

Day 4,408, 06:30 Published in Ireland Ireland by New Ireland Bank



Hi Éire!


Last several months has been busy as hell for me in real life. As most of you know I’ve got a kid, bhoy called Karlo and it takes me big part of the day, which is great. In the meantime I work full time and I’m preparing for the state examns, so there are good reasons why I couldn’t write this long expected report sooner. Luckily I’ve been able to dedicate some of my time to trading when it was needed, especially during the anniversary event when we finally recovered from losses made after power spin was suprisingly added the first time.



Minuses & pluses


Since I didn’t write report for almost six months I feel like its very much needed to inform the public about the several main events that affected our state funds. Most of the last 6 months weren’t too good for trading, but there were two important events that had strong impact on how we do. Last time I wrote the report we had a bit more than 8,2 millions in our pockets. Over the last 6 months our public spending has been a bit bigger than what we were earning through the treasury. Our main two projects are taking away 600 000 IEP per month. That’s Irish Army and our Air Project. We’re earning a bit less than that and the rest of it is being filled by the money that’s sitting on our orgs and which is being traded on MM when things are right.

First thing that caused a huge shock and took me a few months of my life is when they introduced power spin during the summer. No one could expect power spin to be brought back, especially its new way of work. You had to pay with the currency instead of gold as in previous versions. It caused currency to rise incredibly in its value. One gold had a price of 450cc at some point. It was a jackpot for those who had their assets in currency, however since the markets weren’t looking very promising for the currency we had it all in gold, we were already starting to prepare for some other events. It made our assets lose significant value, as the gold used to cost over 700cc before it. I tried to make the damage as small as possible since it could take away almost 40% of all we have. We finished that event with a bit more than 1,1 million in minus. Just like that, all the work and all the efforts invested in trading were dropped down the drain.

However, I knew black friday and anniversary is on the way, so during the calm between the two events we’ve been investing in tanks and sold them off for a much better prices on the anniversary event. It recovered some of our losses, we made over 500 000 IEP in only two weeks. We will not fully recover from the power spin until the end of the year. Things could’ve been much worse if we didn’t take a big risk and buy all the gold that was going down, we sold it later and recovered some of the things we’ve lost before.




Trading & Bank of Ireland


Trading wasn’t very successful or fruitful as I wasn’t sure what to do since I expected another power spin to come. It did, but we weren’t well prepared for it yet. I’ve kept half of our assets in gold and the other half in currency, so whatever happens we’re good. Maybe I could’ve take a bit more of risk, but after losing a million cc you don’t rush in the next risky thing. During the last six months there were only few times when I traded, until recently when we started to trade again.

We’ve got ourselves a partner that invested in our assets so now we’re trading together, with no interest rates. We’re managing bigger money and making a bit better profits in the last few days. We’ve loaned about 6 million cc in order to be able to make bigger actions. Something like Bank of Ireland, just with one, rich partner. Speaking of BOI, we’ve payed out all the investors who earned about 10% profits during the last circle. So, someone who invested 500 000 could’ve make 50 000.



Financial report


I’m presenting you the financial data, incomes and outcomes since the last time report has been written, including the mentioned big events, changes and all the dynamics of our spending & earning.


*all the latest law donations included
*all the previous events, wars and projects included

As you can see we’re still spending more than we earn, the current income is bigger than usual due to our regions in the original American regions, that tax is to be returned to eUSA though. We might have to find other way to make more money, or spend less. However, if the trading continues as it did during the last couple of months we’ll do well even without the cuts. Financial profits can cover for the lower income compared to the spending. Unless Plato surprises us with something like a currency based power spin.






Eire Military Telegram chat
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Yours,
Warbhoy