Trying to pay off the debt would have ruined me anyway since it supposedly reached the point where the interest increased the deficit exponentially while I struggled to keep up. It's pretty much the fate of every currency. Three hundred years from now, $100,000 might be equivalent to $10. :roll:

 

Oh, and there was a plan since we knew that everyone would quit if they lost 70-90% of their GDP or whatever. Somehow every country will recover back to normal over time, or something like that. If every country converts to the gold standard, it might be beneficial to everyone.

Ok...So basically the USA has defaulted(refused to pay back) all the money it has overseas?

 

Thats around 70 Trillion in Debt...mostly in China...Paul, do you have any cunning plan?

Yep, I nuke California and Hawaii :twss:

(and all the pacific coast states for that matter)

Nukes arn't allowed :rolleyes:

Another part of the plan was to alleviate the financial disaster by offering humanitarian aid.

 

It's not as bad as everyone thinks it is, but it will suck for all of us for a while since everyone needs to rebuild under an old monetary system of the gold/silver/bimetallic system.

*Looks over at N.Korea*

(Nukes are allowed, but illegal by UN standards)

Just gonna randomly ask....What do people want the Gold worked out in? Since the only reserve currency still around is the Japanese Yen... And that looks set to spiral unendingly...

The gold standard is stupid. There's like 4 trillion worth of gold in the world. It's great when there's a few hundred million humans globally, but stupid otherwise. I'm still gonna export, but I'm majorly cutting down on imports.

Doom, who are you exporting too? I am gonna guess everyone is gonna have the same idea...

Probably the central american states. Plus I have a few trade deals with the SSR for iron, gold and copper I think. A lot of the resources are staying within Brazil (and it's new borders), and even more within SATO.

Abbysinia asks the IMF for a massive loan.

Abbysinia asks the IMF for a massive loan.

 

It collapsed.

 

IMF collapsed after the US withdrew from it and converted to the gold standard. Gone. Pow.

O....k..

Abyssinia distracts the impending finacial disaster by....Invading more of Africa! Westwards!

 

Switzerland asks the Federation to form a Gold Standard League(Trading agreement, must protect my assets. :thumbsup: )

italy uses this crisis as an excuse to move into Czechoslovakia with a small force. Large enough to deter the Czechs from any anti-italian stances, and encourages them to speed up their talks.

 

We have a staring contest with the slavs.

O....k..

Abyssinia distracts the impending finacial disaster by....Invading more of Africa! Westwards!

 

Switzerland asks the Federation to form a Gold Standard League(Trading agreement, must protect my assets. :thumbsup: )

 

The Federation approves of that motion and forwards it to the UN.

 

President McPherson gave a speech about how the world is starting off on a clear fiscal slate. What's needed now is a global conversion to stable standards such as gold and other valuable materials.

Abysinia signs up to the new Gold Standard League, requesting humanitarian aid...Lots of Aid!!!

I'm dealing with it in my own way. Instead of borrowing money, I'll just advance at a slower rate, and still remain steady financially. My debt isn't too high, so it's not that hard to continue.

Probably the central american states. Plus I have a few trade deals with the SSR for iron, gold and copper I think. A lot of the resources are staying within Brazil (and it's new borders), and even more within SATO.

Yeppers. Which are now all paid in Leu (SL)

 

Guys... The US Dollar is worthless.

 

The Federation just adopted a universal currency for itself, based on gold standard.

 

Archi can describe the global repercussions better than I can.

 

Basically, the US tried to solve both the issues of not having a common currency and the fact that the Dollar was on a never-ending slippery slope in one go. As a consequence, it had severe global repercussions.

Ah well, my currency is the Slavic Leu that's based off my own gold holdings, so I should be able to weather the storm alright.

 

Which, I will propose to be the new standard currency! :P

 

Paul, Japan is now the leading exporter. Not to mention, if you add present day totals for Singapore, Indonesia, South Korea, and Japan, they're higher than China. :P

Nah I'm the leading exporter nowww!

 

--

 

Czech Military forces would stop a foreign invasion of their territory, Dungeonal.

Whats the Leu exchange rate with Gold?

A gold standard will not work... The German-Franco state proposes a standard currency throughout FETA which would be called the argent. It would have the same denominations as the euro etc. etc.

It's not an invasion. It's similar to the Nazi's putting troops into Austria to fight the Anschluss in the 1930's. We're simply.. influencing them. We've been talking for 4 irl days now, I believe.

Whats the Leu exchange rate with Gold?

Hell if I know.

It's basiclly on par with the Euro.

Slavic Republic- Dusty

Gold Tonnes 2,981.83

US Reserve Worthless. You owe me 40b Sere.

Norwegian Krone: 5,000,000,000.00

Slavic Leu Reserve: 4,681

 

Changes:

Added 600 tonnes of gold from a deal with SATO

Added 600 tonnes that the SR managed to 'liberate' from the collapsed IMF's holdings.

Added 4,681 Leu that the SR government managed to make by selling US bills as toilet paper

 

It's not an invasion. It's similar to the Nazi's putting troops into Austria to fight the Anschluss in the 1930's. We're simply.. influencing them. We've been talking for 4 irl days now, I believe.

 

Which was an invasion in all but the loosest sense of the word.

I love how isolated I am, geographically. I haven't had even one minor conflict haha.

Also producing enough gold, oil, iron, copper, silver and so on to be pretty self sufficient is nice.