The Corporate Convention of MoneyGoodLand

// The Corporate Convention of MoneyGoodLand

"Dear Labyrinthians, this is a message issued publicly to every nation to call for a meeting. We at the convention have seen some problems with the regional economy we wish to discuss and fix.

1. Set standard
2. Exchange rates
3. The stock market
4. How we measure wealth

So lets start off with point 1.
I say we need a standard for what money is worth. I've heard "Millions" and "Billions" being thrown out without really having a point. Instead seeming like an arbitrary number. I think we should set a specific price for 1g of Gold for example. A gold standard. Now there are 2 ways we can do this, and it can also vary by nation. You can either have 1 currency be set to the gold standard, and other currencies depend on that currency through exchange rates. So let's say 1g of gold cost 10 dollars, then maybe 1 dollar is 10 MoneyCashes. Or we can depend every currency on the Gold standard. So 1g of gold cost 10 dollars, and 1g of gold costs 100 MoneyCashes, for example. This gold can be exchanged for anything, although it is of quite importance that it is a good that is incredibly hard to create and destroy. If for example we based it off of a Horse. If we say there are 100 horses, and 1 horse is worth a dollar, and then 99 horses die, then someone will want to price that horse higher, and then prices will change, and if currencies are based on that currency, then the whole world might experience economic trouble, such as the great depression. But we need to set a standard, so one good example is 1g of gold.

2. Exchange rates. Of course, if 2 currencies are both set to the same standard, exchange rates are easy to make. if 10 dollars buys 1g of gold, and 100 MoneyCashes buy 1g of gold, then 10 Moneycashes buy 1 dollar, and 10 dollars buy 100 MoneyCashes. But if gold becomes rarer in MoneyGoodLand then the price will rise and exchange rates differ. Simply put, we should establish exchange rates between currencies to better understand.

3. The stock market should be perfected. 1st of all, a graph please, 2nd of all, an international stock market is not national. No-one can just change the value of a stock, if stock is sold, it goes down, if stock is bought it goes up. 3rd of all, shares!!! The stock market sells stock! A company need to tell how many stocks/shares it sells, before going on the market, and this needs to be displayed. Prices are of course set immediately, as if there are 10 stocks in a company worth 10 dollars, each stock costs 1 dollar. If same company is worth 10 dollars when you sell your stock, you will get 1 dollar back, if it's gone down in price, you lose money, if it goes up in price, you gain money. There shouldn't necessarily be restraints of time when selling stocks or not, unless a company states a min or a max time, or even both.

4. When measuring how much money you make, or just seeing what is in the national coffers, or just seeing who's got the richest citizens, or perhaps setting a reasonable value of a company in the stock market, there should be established how it works (this part is quite meta actually, it addresses more how we rp OOC, but I'll put in in IC right now anyway). The convention has furthered this resolution. NS stats should be mainly used, however some stats should not be used, for example population, gdp, defense forces, etc. But values like average disposable income, average income of rich, of poor, weaponization, etc, should be used. You can then figure out how much money you make. Wanna see what the government owns? Then follow these steps. What is your RP population (to rp you should establish things like this in a fact book), ok take that number * the number you have in average income (not disposable income). Then you see how much money the people in your nation collectively make, you could call this GDP I think (I'm not fully sure if you could that GDP but probably yeah), the just take that times your tax rate. If you got 500 000 people living in your nation, and an average income of 100 000, and a tax rate of 4%, then take 500 000*100 000*0,04=2 000 000 000, this is all in your national currency mind you.

We would want the regional council to look at this proposition and vote to call a meeting between the more prominent economic powers in the region to establish these points."

// The Corporate Convention of MoneyGoodLand