?

Do you want this system added to our current money system in ECC?

  1. Yes

    2 vote(s)
    5.6%

  2. No, its not right

    28 vote(s)
    77.8%

  3. I don't understand

    6 vote(s)
    16.7%
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  1. dork1877 Builder
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    if you were a 40 yo wall st businessman you wouldnt be making such an asinine suggestion
     
    #21 dork1877, Nov 28, 2013

  2. JazzBeam Builder
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    I recognized those people Fromm Star Trek, I'm wondering what they are upset about.
     
    #22 JazzBeam, Nov 28, 2013

  3. JazzBeam Builder
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    Oh yeah yours would fill a very large lake.
     
    #23 JazzBeam, Nov 28, 2013

  4. dork1877 Builder
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    no, mine would be like the atlantic and yours would be the pacific
     
    #24 dork1877, Nov 28, 2013

  5. Aqqel Guest

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    My dad is a 47 year old Wall Street Chairman of Finance and Baird, and he even said that this would cause great turbulence to any economy.
     
    #25 Aqqel, Nov 28, 2013

  6. JazzBeam Builder
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    Not unless nobody wants to redeem their IOUs! Muhahaha
     
    #26 JazzBeam, Nov 28, 2013

  7. Aqqel Guest

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    ?
     
    #27 Aqqel, Nov 28, 2013

  8. steveshizzle Resident
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    You guys have brought up comparing this suggestion to the US economy multiple times. Personally, I don't think we should try to replicate the US's economy a whole lot considering it's current state in the toilet. Let's not forget that.
     
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    #28 steveshizzle, Nov 28, 2013

  9. dork1877 Builder
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    see my sub-saharan africa analogy

    no
    what we need to forget is that this suggestion was ever made
     
    #29 dork1877, Nov 28, 2013

  10. JazzBeam Builder
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    Dork if you don't tell me about all the bijillion gallons of information that I don't know, I will tell a moderator that you said a bad word.
    Jk, I don't like to make threats like dat
     
    #30 JazzBeam, Nov 28, 2013

  11. Vintage_Gamer Builder
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    why would andrew allow a player who is resident. never donated, never mod and is 12 years olf have control of the economy. nice try bud.
     
    #31 Vintage_Gamer, Nov 29, 2013

  12. 7amoodw Electrical and Electronics Engineer
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    Isnt this kinda a 'suggestion' .-.
    Btw i disagree with this idea since it will ruin the server and would cause too much chaos in my opinion.
    Now whoever made this thread GO FARM OR MINE FOR MONEY
     
    #32 7amoodw, Nov 29, 2013

  13. JazzBeam Builder
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    Even if I am only resident rank but What if I said I have 94k in my balance, and I will donate.

    Next Step: become a Moderator.
     
    #33 JazzBeam, Nov 29, 2013

  14. JazzBeam Builder
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    The only reason why you guys thought this was a bad idea was because it does what the US Economy does too, and since the U.S Economy is starting to go to doom, you think this idea will make ECC go to doom as well.

    How do you know that this is the reason why the United States Economy is going down the toilet. Maybe it isn't, Maybe without this idea, the United States Economy will face even worse effects.

    I think this idea will have a positive effect, and you guys haven't given me a satisfying answer yet about how this idea will ruin ECC.
     
    #34 JazzBeam, Nov 29, 2013

  15. JazzBeam Builder
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    No, the banks get loans from central banks if they need to do any settlement borrowing, and the central banks get that money from the Fed. (Federal Reserve). The Fed gets the U.S mint to print more money so that more money in the economy will be able to be loaned out. And the fed gives it to the central bank. Which the central banks have to repay. So more money is added into the economy, the only downside to that is that inflation rates go up.
     
    #35 JazzBeam, Nov 29, 2013

  16. Aqqel Guest

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    The US Treasury does not do that. That would cause something called inflation, where the value of the follow goes down. What you are suggesting is basically going to cause inflation. When you put your money into a bank, the bank uses that money to give our loans, they don't get it from the government. You basically want to creat money, rather than trade it. That would cause inflation and throw our economy wack, which is a different problem with the US.
     
    #36 Aqqel, Nov 29, 2013

  17. JazzBeam Builder
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    More credit available will allow more loans, but if too much money is created too quickly, the inflation will make the economy go wack.

    So if I could control the amount of money created, I can control the inflation rates in this economy.
    And that was the power I wanted.
     
    #37 JazzBeam, Nov 29, 2013

  18. Vintage_Gamer Builder
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    Look.... this wont happen.... get that into you head mate.
     
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    #38 Vintage_Gamer, Nov 29, 2013

  19. JazzBeam Builder
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    Why I can't get satisfying answers.

    dork1877
    RealNick123
    I summon you guys here.
     
    #39 JazzBeam, Nov 29, 2013

  20. dork1877 Builder
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    there is no satisfying a person coming from an illogical perspective
     
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    #40 dork1877, Nov 29, 2013
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