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Bill: Banking Act of 2751
Details
Submitted by[?]: Democratic Capitalist Delegation
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: October 2751
Description[?]:
| Central banks are a destructive force to the long term health of our economy and are controlled mostly by un-elected officials. We have a duty to our citizens to abolish central banking. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates and owns all banks.
Proposed: All banks are privately owned.
Debate
These messages have been posted to debate on this bill:
| Date | 12:51:17, May 05, 2009 CET | From | Individualism Party | To | Debating the Banking Act of 2751 |
| Message | Totally agreed. Central banks are extremely destructive to the economy because they manipulate the money supply and cause worse recessions and inflationary bubbles. They further allow a government to run rampant much more easily because it's not bound by any real monetary restraints (if it's allowed to print its own money). |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 188 | |||
| no | Total Seats: 216 | |||
| abstain | Total Seats: 97 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "What is conservatism? Is it not the adherence to the old and tried against the new and untried?" - Abraham Lincoln |