Financial Ruin?

[Kagernaut]

How the heck is this event triggered? Is it totally random?

If its not random then I'm confused about the triggers, I seem to get it at times when I am financially fine and at peace and not minting, and at other times when I am minting.

If its random, then it seems to be triggering alot for me; I think I have got it 5 times now and its only 1650.

 

[panionios]

http://www.paradoxian.org/eu3wiki/Financial_Ruin

See the conditions required

 

[grommile]

... Wow.

If you get that event, you're doing something very wrong

 

[Kagernaut]

I don't understand...I don't have any loans, I have over 3000 gold, I'm minting but not much, and I got this event. I have gotten it often actually.

I'm pretty good about the money. I usually get this when I don't have any loans and have high stability. Are you sure that wiki is right? (Would check the event myself but I'm not at my computer at home right now)

 

[Y2Jonathan]

I don't understand...I don't have any loans, I have over 3000 gold, I'm minting but not much, and I got this event. I have gotten it often actually.

I'm pretty good about the money. I usually get this when I don't have any loans and have high stability. Are you sure that wiki is right? (Would check the event myself but I'm not at my computer at home right now)

If you have no loans, then you're probably getting this one: http://www.paradoxian.org/eu3wiki/Financial_Ruin_II

You can stop it by getting rid of the viceroys idea or getting national bank. However, if you have the inflation required to cause these events to fire in the first place, you have made major errors.

 

[panionios]

Yeap, the wiki is correct.

Gold = 2 actually refers to gold provinces! Do you by any chance have the Viceroys NI (if yes, you are screwed)?

 

[Kagernaut]

I do, i have multiple gold provinces actually, and the viceroys NI.

Im not incredibly familiar with the game. I think my inflation is around 45% right now. Im almost to production level 23 where you get the mint building.
I spent alot of money trying to build good province improvements, should i have acoided this till i could control inflation?

 

[Jahmon]

There's actually two events: one requires you to have 1 loan, gold=2 so I guess 2 gold producing provinces, be at war and have inflation at 20.

The other to have 2 gold provs, 15 inflation and have viceroys idea, and not to have National bank idea. So I guess you meet the second requirements?

Edit: Too slow, EMU'd

 

[unmerged(463662)]

45%?

Meh AI've seen higher before...

 

[panionios]

I do, i have multiple gold provinces actually, and the viceroys NI.

I think my inflation is around 45% right now.

I believe the word "screwed" I used earlier is probably an understatement of your current financial situation OMG, how did you manage that? 45% inflation? And you are still wondering? Do everything in your power to reduce that (http://www.paradoxian.org/eu3wiki/Inflation see the managing inflation section - do everything it says) and pray!

 

[unmerged(463662)]

... and pray!

Just have some 6 star diplomats for the next year or two.

 

[Delta388]

Im not incredibly familiar with the game. I think my inflation is around 45% right now.

Oh wow... yeah you're screwed. You ever seen those Weimar Germany inflation era money bills from the interwar period? My grandparents had some of those still lying around, bank notes for a couple trillion marks that weren't enough to buy even a loaf of bread. With 45% inflation, that's what it probably looks like in your country right now. You could try and switch whatever NI you already got for National Bank and hire the best Master of Mint adviser you can get but I'm not sure even that will save you, you're in deeeeeeeep trouble.

To put it like this: Usually, you should try not to mint at all. With decent planning and most reasonably sized and powerful countries, you can avoid minting unless it's an emergency situation, inflation should be as low as possible, zero is what you should strive for, low single digits are okay, double digits means you're doing something wrong and try to get that down as fast as possible. Inflation is bad.

 

[grommile]

While Delta's analogy overcooks it a little... yeah, 45% inflation is bad. Not just because it increases the price of everything by 45% of base, but because it means you've been minting money that you should have been investing in research.

That said, as long as you're big enough to look intimidating, bankruptcy is your friend when your inflation is that high. Take out five loans, then spend all your ducats. Buy Big Ships, buy manufactories, buy Unique Buildings, send gifts to AI countries you want to keep friendly, whatever.

You see, going bankrupt (as well as lowering your stability by three and zeroing your currently-accumulated research, so be careful) writes off all your loans and halves your inflation.

 

[unmerged(463662)]

While Delta's analogy overcooks it a little... yeah, 45% inflation is bad. Not just because it increases the price of everything by 45% of base, but because it means you've been minting money that you should have been investing in research.

That said, as long as you're big enough to look intimidating, bankruptcy is your friend when your inflation is that high. Take out five loans, then spend all your ducats. Buy Big Ships, buy manufactories, buy Unique Buildings, send gifts to AI countries you want to keep friendly, whatever.

You see, going bankrupt (as well as lowering your stability by three and zeroing your currently-accumulated research, so be careful) writes off all your loans and halves your inflation.

And if anyone invades you, let them, ride the storm until your morale goes back up.

 

[ryu2999]

How do you get to 45% inflation?!? Played all sorts of nations and never needed to have inflation.

 

[Kagernaut]

I spent alot of money on improvements. Minted to get that. Also, this was a game converted from CK2. Playing as Ireland, I conquered quite a bit of territory in africa and scandinavia. Had alot of territory and big enemies to defend against. Also colonized alot of territory in Africa and North America. Granted, I could have played a bit differently to not get such high inflation, but at the time it felt necessary.

 

[yequr]

Inflation is necessary sometimes, sometimes you just need to afford these additional troops to win that war or colonize these rich lands (Colonies in Africa are usually not worth it though, unless you have a land connection, then ivory is alright and slaves are great). Just don't let it escalate. These multiple "financial ruin" events probably played a major role in those 45% and yes, now your only hope is bankruptcy if you ever want to get your economy back running. Just keep taking as many loans and wasting as much money as possible and quickly chain-bankrupting yourself until inflation is gone. Make sure you have military drill, so you can at least win against rebels and vastly inferior armies. No matter how many times you bankrupt yourself in a row, it will be over in 10 years. Just hope nothing will happen...

 

[Ricox]

Inflation is necessary sometimes, sometimes you just need to afford these additional troops to win that war or colonize these rich lands (Colonies in Africa are usually not worth it though, unless you have a land connection, then ivory is alright and slaves are great). Just don't let it escalate. These multiple "financial ruin" events probably played a major role in those 45% and yes, now your only hope is bankruptcy if you ever want to get your economy back running. Just keep taking as many loans and wasting as much money as possible and quickly chain-bankrupting yourself until inflation is gone. Make sure you have military drill, so you can at least win against rebels and vastly inferior armies. No matter how many times you bankrupt yourself in a row, it will be over in 10 years. Just hope nothing will happen...

Well, "chain-bankrupcy" isn't needed, a single bankrupcy lowers inflation by 50%, so it'll do.

 

[grommile]

Well, "chain-bankrupcy" isn't needed, a single bankrupcy lowers inflation by 50%, so it'll do.

22.5% inflation is still not a comfortable place to be (because of the events we've been discussing). 11.25% is happier.

 

[unmerged(204522)]

you can switch inflation off in the pre-game options menu or adjust the lvl with a "console cheat"-see EU3wiki.com for details.