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Bill: Bimettalism reform II
Details
Submitted by[?]: Vanguard for Virtue & Righteousness
Status[?]: passed
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: November 3679
Description[?]:
Gold and silver backed currency will be issued and the central bank eliminated. Fiat money in circulation will be gradually phased out so as to prevent excessive deflation from the monetary change. |
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 a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
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 allowed to float, and the government does not intervene at all.
Debate
These messages have been posted to debate on this bill:
| Date | 08:25:03, June 11, 2014 CET | From | Kirla Tea Party | To | Debating the Bimettalism reform II |
| Message | We decided to support, but we have a question if this law include provision for local currencies in the future? |
| Date | 18:53:22, June 11, 2014 CET | From | Communist Party Of Kirlawa | To | Debating the Bimettalism reform II |
| Message | We will support this only on the promise that it will stay bimetallic and not gold or silver only. |
| Date | 23:40:21, June 11, 2014 CET | From | Vanguard for Virtue & Righteousness | To | Debating the Bimettalism reform II |
| Message | VRP gives it's word! Gold AND silver! On the subject of local currency this bill does not touch, the introduction of local currencies will probably buffer the currency switch more as national fiat slowly is taken out and local currencies put into the economy. Either which way it is gradual. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 425 | ||||
| no | Total Seats: 259 | ||||
| abstain |
Total Seats: 33 |
| Random fact: Players consent to the reasonable and predictable consequences of the role-play they consent to. For example, players who role-play their characters as committing criminal offences should expect those characters to experience the predictable judicial consequences of that. |
| Random quote: "The state is nothing but an instrument of oppression of one class by another, no less so in a democratic republic than in a monarchy." - John Smith |