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Bill: Bank re-Nationalization Bill
Details
Submitted by[?]: Beluzian Party
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: January 4412
Description[?]:
| "The Central Bank is broke, empty and mired in unpayable debt due to the economic crisis, we need to nationalize the other banks to pay off the debts. " -Dr Wewecho Pantafloja Junior, President of Beluzia. OOC:(check who is in charge of the central bank) |
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: The government operates and owns all banks.
Debate
These messages have been posted to debate on this bill:
| Date | 00:19:04, June 20, 2018 CET | From | Beluzian Party | To | Debating the Bank re-Nationalization Bill |
| Message | "I promise the money is going to be put to good use" -Dr Wewecho Pantafloja Junior, President of Beluzia. |
| Date | 00:32:01, June 20, 2018 CET | From | Beluzian Party | To | Debating the Bank re-Nationalization Bill |
| Message | Breaking News: President Wewecho Pantafloja, who as head of state oversees the Central Bank of Beluzia, recently declared that it is broke, and has an unpayable debt; he declared that he will re-nationalize the banks that he had privatized, with a few exceptions; the exceptions include the National Bank of Beluzia, which reports indicate he owns, when we interviewed him this was his statement: “If no money is infused to it, we will fail to meet our obligations to our international debtors and debt interest will be rising out of control. We have already resorted to taking short term high interest loans from the National Bank of Beluzia. The BEL will devalue again and Beluzia will be in the worst crisis it has ever seen, Mothers won’t be able to buy food for their babies and children won’t be sent to school, couples paying for their rent will see their mortgage interest rise without fold, people will starve, Those who vote against my measure vote against the wellbeing of Beluzia" He made such statements even when the latest reports indicated the Beluzian Central Bank had reserves of over 200 Billion BEL, when asked what happened to them he declared: "We had a hidden debt left by the old government that administered the Central Bank, they were very clever in hiding it" |
| Date | 00:33:28, June 20, 2018 CET | From | Beluzian Party | To | Debating the Bank re-Nationalization Bill |
| Message | The President declared that the National Bank of Beluzia will not be nationalized, since it is based in Likatonia and considered a foreign company by Beluzian Law. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 679 | ||||
| no | Total Seats: 71 | ||||
| abstain | Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "Democrats always assure us that deterrence will work, but when the time comes to deter, they're against it. " - Ann Coulter |