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Bill: The Monetary Reform & Renewable Energy Act
Details
Submitted by[?]: Capitalist Working Families
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: May 3468
Description[?]:
(1) Authorizes the Treasury Dept. to issue out DEBT-Free RUT(s) and purchases (buys) off of the market the entire DOMESTIC supply of Crude Oil! For storage purposes, the supply of crude oil is solidify and/or frozen into "Oil Bars" similar to gold bars. (2) Raises the Reserve Ratio from 10% to 100% thus eliminating the "90% inflation" caused by Fractional Reserve lending. (i.e. makes it illegal for banks to loan out customers deposits; if banks want to make loans to businesses, they must establish Certificates of Deposit accounts that pay 25% interest thus attracting investment capital). (3) Allows interest rates to be set by the FREE MARKET instead of by the Central Bank or government. (4) Links the RUT currency to oil in an "Oil Standard" whereas the official price of oil is $20 RUT per oz. (i.e. for every oz. of crude oil, ONLY $20 RUT is printed in circulation) (5) Makes it illegal to use oil for consumption and energy and establishes a 100% Renewable energy policy centered on Solar, Celluose/Switchgrass Ethanol, wind, and Hydrogen Fuel cell technology. |
Proposals
Article 1
Proposal[?] to change Energy regulation.
Old value:: Energy provision is left to local governments.
Current: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Proposed: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is fixed by the government.
Article 3
Proposal[?] to change Government regulation of pollution in industry.
Old value:: The government enforces moderate pollution restrictions.
Current: The government enforces moderate pollution restrictions.
Proposed: The government enforces highly restrictive industrial pollution standards.
Debate
These messages have been posted to debate on this bill:
Date | 23:02:18, April 09, 2013 CET | From | Capitalist Working Families | To | Debating the The Monetary Reform & Renewable Energy Act |
Message | Thanks, RPC, for your support!!! |
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Voting
Vote | Seats | ||||
yes | Total Seats: 54 | ||||
no |
Total Seats: 354 | ||||
abstain | Total Seats: 147 |
Random fact: Zardugal is a nation based on the old Byzantine Empire, with a modern twist and the Esperanto language. Zardugal is located on the continent of Majatra. |
Random quote: "Democracy is in peril." - Ralph Nader (referring to turnout in the 1996 US presidential election) |