December 4385Economic rankers taking bribes, alleges retired financierLucile Corriveau, a retired Mordusian investment banker who worked most of her life in the financial district of the Zardic capital, Beleco, has written on her online blog that "it is common knowledge in top investment circles in Beleco that insiders at the
Zardic Institute of International Relations supply advance copies of their economic reports to currency speculators in return for bribes". She continued:
The Institute's economic reports, where they value the economy of each nation in Terra, are highly respected and have a significant economic impact - they can literally end up changing the plans of banks, businesses, governments, you-name-it.
For centuries now, it's been the pattern that just after the report is issued, there are jolts in the currency exchange markets. If you've got that information before it's released, that's incredibly valuable and you can make a lot of money out of it.
The financial world is waiting in eager anticipation for an economic rankings report right now. Well, just as an example, lets say the report was to show Zardugal's economy was doing better than expected, and Vanuku's economy was doing worse than expected. What would happen just after the report was published? You guessed it. The ZAR would go up against the VAN.
Now what will happen is, someone at the Institute will tip a currency speculator off about what the report will say, and the speculator will then change all of his VANs into ZARs. And then, after the report is published, the ZAR will go up against the VAN and - hey presto! - he's made himself rich!
Nobody admits this goes on, of course, but we all know it does. The people at the Institute are as human, well as corrupt really, as everybody else in the financial world. I don't judge them too harshly, to be honest. They don't get paid nearly enough for the work they do.