[Forum Game] - World in Revolution: 1861

Spitfire5793

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• Mar 21, 2012

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• #4.541

The German Federation​

It is with great regret that we announce we shall be sticking to the Pound. We cannot accept the money of the Prussian barbarians, while the Dollars are simply unstable. We would use the franc as it is probably the most stable currency. The French economy is also growing fast, however, the people are against such a move. As a result we are stuck with the pound.

 

Spectre17

Duke of Vantage

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• Mar 21, 2012

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• #4.542

OOC: Since the French economy is increasing rapidly and therefore the Franc doesn't that mean that anyone tied to the Franc will increase rapidly too?

 

Syber

Second Lieutenant

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• Mar 21, 2012

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• #4.543

OOC: Hmm, understood now. Indirectly we gamble a bit on the economic prognosis of the chosen nation...

 

Frymonmon

President of California

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• Mar 21, 2012

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• #4.544

Spectre17 said:

OOC: Since the French economy is increasing rapidly and therefore the Franc doesn't that mean that anyone tied to the Franc will increase rapidly too?

Click to expand...

If the Franc doubles in value, any money tied to the Franc doubles.

 

Spitfire5793

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• Mar 21, 2012

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• #4.545

Spectre17 said:

OOC: Since the French economy is increasing rapidly and therefore the Franc doesn't that mean that anyone tied to the Franc will increase rapidly too?

Click to expand...

OOC: If it's currently at 0.7 and increases to 1, would that not be good? My knowledge of economics is poor though.

 

Frymonmon

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• Mar 21, 2012

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• #4.546

Spitfire5793 said:

OOC: If it's currently at 0.7 and increases to 1, would that not be good? My knowledge of economics is poor though.

Click to expand...

If it increases to 1, that would be good because it means all of their money is now more valuable. If you have paper money worth more than a Gold Unit, your getting VERY cheap things. Say Germany, who remains at 1, builds a factory. That's 100 Gold or 100 Marks. Now France, who's value is 2 Gold Units, pays 100 Gold or 50 Francs.

 

Suirantes

Chief Maid of the SDM

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• Mar 21, 2012

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• #4.547

OOC: This could turn out very interesting.

 

Syber

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• Mar 21, 2012

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• #4.548

OOC: How would that work for debt? For example: I'm 40 gold in debt right now. If for example I choose the dollar it means I have 80 dollar debt. If after a few turns the dollar rebounds to 1:1 parity with gold, would that mean that now I owe 80 gold and not 40 any more?

 

123xyz8

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• Mar 21, 2012

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• #4.549

The Empire of Japan shall use the German Mark

 

Frymonmon

President of California

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• Mar 21, 2012

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• #4.550

The bank does not change. If you are in debt 40 Gold, you are in debt 40 gold. This works like irl. If you want to pay off your debt, you need to convert your money into gold. (Or use your Income Gold). So let's say you turn 20 gold into 40 dollars. The Dollar just wet to parity with gold. You now doubled your gold units and can pay 40 gold off in debt.

 

Thandros

Ruler of Somewhere else

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• Mar 21, 2012

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• #4.551

OOC: Does this mean if we store up lots of gold and print less money than usual our local variation of our Currency will get stronger relative to other currencies.

 

Frymonmon

President of California

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• Mar 21, 2012

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• #4.552

Thandros said:

OOC: Does this mean if we store up lots of gold and print less money than usual our local variation of our Currency will get stronger relative to other currencies.

Click to expand...

More or less. I have a whole spreadsheet with the information.

 

Duke of Britain

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Oct 11, 2010

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• Mar 21, 2012

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• #4.553

The Empire of Brazil has decided that it will use the German mark as the basis for its new currency, the Real.

OOC : Btw, we all continue using our own currencies but they're tied to the one we are based on, right? So i could say i use a new currency, the Real, that is based on the German mark?

 

Last edited: Mar 21, 2012

Frymonmon

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• Mar 21, 2012

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• #4.554

Duke of Britain said:

The Empire of Brazil has decided that it will use the German mark as the basis for its currency.

OOC : Btw, we all continue using our own currencies but they're tied to the one we are based on, right? So i could say i use a new currency, the Real, that is based on the German mark?

Click to expand...

Correct. The Real will be paired 1:1 with the Mark. It will only change if you print more or less. OR if you Economy shits the bed.

There will ONLY be 5 Currencies at any given time. Once one becomes defunct or useless, I remove it and replace it with another one.

 

Morrell8

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• Mar 21, 2012

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• #4.555

OOC: So when I get that 20 industry, that will help the mark get stronger?

 

Frymonmon

President of California

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• Mar 21, 2012

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• #4.556

Morrell8 said:

OOC: So when I get that 20 industry, that will help the mark get stronger?

Click to expand...

Yup.

 

Duke of Britain

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• Mar 21, 2012

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• #4.557

OOC : Ok, will edit and put it in that my currency is the Real, much easier to use than the old Brazilian currencies.

So it is possible that the Real ends up more valuable than the Mark, right?
*inserts Challenge accepted pic*

 

Morrell8

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• Mar 21, 2012

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• #4.558

Frymonmon said:

Yup.

Click to expand...

OOC: So if other nations build industry whilst their economy is based off the mark it will be good for the mark as well?

 

Frymonmon

President of California

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• Mar 21, 2012

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• #4.559

Morrell8 said:

OOC: So if other nations build industry whilst their economy is based off the mark it will be good for the mark as well?

Click to expand...

No, since the Mark is a benchmark, other currencies cannot effect it. But since it is a benchmark, it can effect other currencies. If the Brazilian Real has a massive boom in industry, and the value of the Real goes to 1.1 Gold Units, the Mark will stay at 1. If the Mark drops to .5, however, the Real will drop to .55.

 

Morrell8

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• Mar 21, 2012

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• #4.560

OOC: Will it be difficult for countries to switch currencies? I am also kaiser Frederick the first not the 3rd.