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Bill: Silver & Gold Reserve
Details
Submitted by[?]: Conservative Republican Party
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: February 4790
Description[?]:
| The CRP propoases that Likatonia uses 50% of its surplus every year to build up a silver and gold reserve, 75% silver, 25% gold, a record will be kept if this bill passes. This is how much we will have each year if we start: End of 4790: 20,000,000,000 LIK in S&G Gold: 877,192 (Ounces) Silver: 217,391,304 (Ounces) End of 4791: 40,000,000,000 LIKE in S&G Gold: 1,754,384 (Ounces) Silver: 434,782,608 (Ounces) End of 4792 |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 15:43:43, July 23, 2020 CET | From | Socialists People’s Party | To | Debating the Silver & Gold Reserve |
| Message | What is the need for this? |
| Date | 21:06:53, July 23, 2020 CET | From | Conservative Republican Party | To | Debating the Silver & Gold Reserve |
| Message | The LIK is not backed up by anything, we have a fiat currency, what will we do when the world market crashes and the value of most currencies crashes? If we build up a large enough reserve we will easly get through it. |
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Voting
| Vote | Seats | ||||||||
| yes |
Total Seats: 100 | ||||||||
| no | Total Seats: 0 | ||||||||
| abstain | Total Seats: 0 |
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