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Bill: Emergency Bank Fortification & Travel Guide Act SSD-005 (CRISIS RP)
Details
Submitted by[?]: Fatherland Front
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4215
Description[?]:
| If the Hutorian economic collapse occurs, it will happen quickly. No one will predict it. That's because the signs of imminent collapse are difficult to see. For example, the economic collapse of 4204. That's the day panicked investors withdrew billions from money market accounts, which is where businesses keep cash to fund day-to-day operations. If withdrawals had gone on for even a week, the entire economy would have halted. That meant trucks would stop rolling, grocery stores would run out of food and businesses would shut down. Fortunately, the Malivian state did what it had to do to avert disaster here. But what we can't do is avert disaster in Hutori where they do not understand economics. If the Hutorian economy collapses, you will not have access to credit. Banks will close. That means demand will outstrip supply of food, gas and other necessities. If the collapse affects local governments and utilities, then water and electricity will no longer be available. As people panic, self-defense becomes more important. The economy reverts to a traditional economy, where those who grow food barter for other services. A Hutorian economic collapse would create global panic. As such the finance ministry has decided to take a very drastic. We have decided to forward a formal request to the Hutorian state to allow us to take on part of their debt and pay a percentage of the bailout needed for them to help their banks from not collapsing. We also implore the entirety of Terra to follow with our plan. ---- To all citizens from the ministry of finance. It's difficult to completely protect yourself from a Hutorian economic collapse because it can happen without warning. In most catastrophes, people survive through their knowledge, wits and by helping each other. Make sure you understand basic economic concepts so you can see warning signs of instability. Second, keep as many assets as liquid as possible, so you can withdraw them within a week. In addition to your regular job, make sure you have skills that you'd need in a traditional economy, such as farming, cooking or repair. Make sure your passport is current in case you'd need to leave the country on short notice. To be completely prepared, research target countries now and travel there on vacation so you are familiar with your destination. Keep yourself in top physical shape. Know basic survival skills, such as self-defense, foraging, hunting and farming. Practice now with camping trips. If you can, move near a wildlife preserve in a temperate climate. That way, if a collapse occurs, you can live off the land in a relatively unpopulated area. As for cash, it's almost pointless to have it in a real economic collapse because its value might be decimated. Gold isn't much help because it's heavy to transport and useless in a real survival situation. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 14:37:50, May 23, 2017 CET | From | Unity Labour Party | To | Debating the Emergency Bank Fortification & Travel Guide Act SSD-005 (CRISIS RP) |
| Message | We will support this. It is very logical. Mr speaker it is my hope also that on the follow up of this, we will urge the larger community to sign onto international Terra Bank to which such bank should be made up largely of strong economies who will finance most of the administration cost and also that the world Bank fees from interest rate on loans( 30%) of the interest charged,go towards the bank. Moreover Mr speaker, I also believe that this shows the growing importance of the Artanian Union and also for it to have its own central bank. It is my hope that after the elections su have a project will be back on the government agenda. |
| Date | 00:09:00, May 24, 2017 CET | From | National Progress Party | To | Debating the Emergency Bank Fortification & Travel Guide Act SSD-005 (CRISIS RP) |
| Message | OOC: I don't even understand what this is about. Are you trying to help us bailing out our bank? That would be weird. Hutori is considered a economic powerhouse and Malivia is supposed to be a poor nation. Since when are the poor nations bailling out the richs? |
| Date | 10:43:39, May 24, 2017 CET | From | Fatherland Front | To | Debating the Emergency Bank Fortification & Travel Guide Act SSD-005 (CRISIS RP) |
| Message | OOC: We know. Thats why we said part of your debt not all of it we are not swimming in money here. If your not gonna bailout your banks somebody has too even if it is 1% of the money required. |
| Date | 10:44:49, May 24, 2017 CET | From | Fatherland Front | To | Debating the Emergency Bank Fortification & Travel Guide Act SSD-005 (CRISIS RP) |
| Message | OOC Also you do know that this Crisis RP is designed to re rank all countries in the Military and Economic sector right? |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 367 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 2 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "The trouble with practical jokes is that very often they get elected." - Will Rogers |