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Post by Ward De Bever 2011-05-11, 19:28

@ http://www.erepublik.com/en/exchange -

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This is a new error message for me. When reloading the page (F5), it worked again.
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Post by Critically 2011-05-11, 19:31

Long live the Bug !!!
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Post by shadowukcs 2011-05-11, 19:55

gold market is crashing and since admins can't have that, they decided "to work on the module"
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Post by Ward De Bever 2011-05-11, 22:38

Someone else complains that he can't find BEF on the market...
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Post by Olv007 2011-05-11, 22:57

Correct, there is something like 8k BEF left on the MM.
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Post by Jofroi 2011-05-12, 07:30

Yeah, that's why we need the State to put some BEF on the market to stabilize the MM.
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Post by shadowukcs 2011-05-12, 09:17

Jofroi wrote:Yeah, that's why we need the State to put some BEF on the market to stabilize the MM.

Or we could just let the market run it's course...
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Post by Jofroi 2011-05-12, 10:06

Yeah we can. But this will only be temporary. And this would allow us to make some profits also^^.

And it's a temporary huge gap that won't last for long.
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Post by Ward De Bever 2011-05-13, 00:46

Why not let the private parties take the risks and stand the probablity of capitalistic profit? We need our BEF as strategic reserves.
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Post by Jofroi 2011-05-13, 07:11

Risk? Which Risk? Printing BEF cost us 0.005 gold. If we sell all our BEF at 0.006 we can print new BEF. There are absolutely no problems with that.

Moreover this'll rise the amount of BEF that people can invest and thus they'll be richer. I don't see any reason to let the market up.
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Post by goopypants 2011-05-13, 08:01

Probably not the best day to decide something like this, seeing as the game has been wonky all day.
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Post by Jofroi 2011-05-13, 08:21

Well, this is a crisis decision, it has to be taken fast. Else it's the same than deciding to do nothing.
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Post by goopypants 2011-05-13, 08:54

Right, but some of us can't even log into the game reliably, let alone dink around on the MM.

And my 4000 BEF listed at 0.006 or whatever would kinda indicate that yes, indeed, there is a bit of liquidity on the market.
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Post by Olv007 2011-05-13, 09:04

Do you have an idea how much BEF circulate around the eworld?
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Post by goopypants 2011-05-13, 09:06

Three and a half. No wait, blue.

Um... some?

edit: actually, right now, probably zero.
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Post by Ward De Bever 2011-05-13, 11:53

Jofroi wrote:Well, this is a crisis decision, it has to be taken fast. Else it's the same than deciding to do nothing.
I don't see a crisis here, since:
- Jofroi, less than 2 hours after your pm about the subject, we replied with a motivated decision why the NBB-BNB didn't intervene as of now, neither to try to increase nor to try to decrease the BEF value.
- Why would we print 200 BEF per gold if we can put gold on the market for 300-350 BEF as of now?
- There's no indication yet we will be able to sell the BEF... then if we have that "cheap" gold, should we sell it for even less BEF? Because your proposal makes sense only if you know for sure that the BEF value will plunge afterwards.


Last edited by Ward De Bever on 2011-05-13, 13:05; edited 2 times in total (Reason for editing : typo)
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Post by Jofroi 2011-05-13, 11:55

Don't print the BEF. Just sell it and once it's done, print it. We've enough stocks for that.

And if we put BEF on the market forever, it'll plunge at the end.
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Post by shadowukcs 2011-05-13, 14:55

ITT: the clash between Communism and Capitalism.

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Post by goopypants 2011-05-13, 16:36

No one is buying BEF at 200 gold ea anyway.

Like Beaver said, best would be to sell gold rather than print BEF, but probably best to keep that gold for MPP, the war chest, or other country operations.
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Post by Jofroi 2011-05-13, 16:37

I tried to stabilize the MM 2-3 months ago.

Just look at the belgian balance sheet and cry.
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