if you were a 40 yo wall st businessman you wouldnt be making such an asinine suggestion
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Do you want this system added to our current money system in ECC?
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Yes
2 vote(s)5.6% -
No, its not right
28 vote(s)77.8% -
I don't understand
6 vote(s)16.7%
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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.
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steveshizzle ResidentResident ⛰️ Ex-Tycoon ⚜️⚜️⚜️
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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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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 -
Vintage_Gamer BuilderBuilder ⛰️ Ex-President ⚒️⚒️ Premium Upgrade
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.
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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 -
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. -
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.
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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. -
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. -
Vintage_Gamer BuilderBuilder ⛰️ Ex-President ⚒️⚒️ Premium Upgrade
Look.... this wont happen.... get that into you head mate.-
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Why I can't get satisfying answers.
dork1877
RealNick123
I summon you guys here.
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