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Bill: Financial Services Act 3611
Details
Submitted by[?]: Ukuvuka kwamaButho
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: September 3611
Description[?]:
| The flow of beads throughout the entirety of the Ibutho economy is essential to the elevation of our living standards and welfare. All Ibutho must have a way not just to store beads, but to easily transfer beads and borrow beads from far and wide. We cannot restrict ourselves to local money-lenders. Nor can we restrict ourselves to using our beads to buy physical objects. What is wrong with taking out a few well-earned beads and investing it in equities - foreigners have controlled enough of our economy before; perhaps it is time for us to own a bit of their companies - currency futures or harmless sub-prime mortgage-backed securities? [OOC: ;)] Let us advance into greater prosperity for all! Let us not hold back our own people! |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are banned.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 03:40:00, January 23, 2014 CET | From | Umbimbi Kazwelonke | To | Debating the Financial Services Act 3611 |
| Message | We know from what we have seen abroad that banks are not to be trusted. These organisations are run by crooks who steal all of the money then run away after people demand what is rightfully theirs. So we do not want banks in Ibutho - at least not big banks. I myself always keep my Beads in a basket under my bed where they are safe. Thabisa Shabangu Minister of Finance |
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Voting
| Vote | Seats | |
| yes | Total Seats: 0 | |
| no |
Total Seats: 100 | |
| abstain | Total Seats: 0 |
| Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
| Random quote: "Law is mind without reason." - Aristotle |