Reddy wrote:While I understand and accept the reasons against the OOC imposition of the LOD as the 'international currency', I still prefer that the LOD remain as such, if only because I'm wary of RP based determination. Let's face it: RP, let alone financial RP is always near a state of death in Particracy, except for the northern summer time (I think this year's been better than last year though)
Reddy wrote:Plus what's to stop any old country to decide/try to establish itself as the global/regional financial centre with no background or suitability whatsoever much like we occasionally see with regards to military or diplomatic superiority?
Siggon Kristov wrote:"Financial RP" doesn't really demand much, and it doesn't give any power.
Siggon Kristov wrote:What determines whether a country is suitable to be a financial centre or not? They would rely on other countries to recognise them as such, and I think that is the only thing that should matter; it takes a lot of effort to get a treaty (that recognises a particular nation or actively RP'd institution as having some strong importance) passed in multiple nations.
Siggon Kristov wrote:A country doesn't need to be an economic power to be a financial centre. That's an unnecessary conflation in my opinion.
Siggon Kristov wrote:Why do we even need to, OOC, establish an official international currency? Why does it matter whether we publish information in LOD or RUT? The rankings would be the same, regardless of which currency we use, as long as we convert everything to a single currency.
Reddy wrote:Siggon Kristov wrote:"Financial RP" doesn't really demand much, and it doesn't give any power.
I doubt that, it would give economic power at least which in the right hands can be as devastating as military power. Some of the US's domestic financial policies hurt many other countries which don't even use the Dollar as their currency.
Reddy wrote:Siggon Kristov wrote:What determines whether a country is suitable to be a financial centre or not? They would rely on other countries to recognise them as such, and I think that is the only thing that should matter; it takes a lot of effort to get a treaty (that recognises a particular nation or actively RP'd institution as having some strong importance) passed in multiple nations.
Not really, people in PT seem to compulsively sign on to any Treaty if they get those spam like messages to their nation message boards. I've seen some rubbish treaties ratified by many people, some of them barely made any sense at all. I could prove it to you by copying the Egelion treaty and spamming everyone to sign it. It would probably get 10 or 20 ratifications. I doubt most people read treaties carefully before signing them.
Reddy wrote:Another thing, what's to stop Egelion being hit by sanctions either?
Reddy wrote:Siggon Kristov wrote:A country doesn't need to be an economic power to be a financial centre. That's an unnecessary conflation in my opinion.
Perhaps you are right, yet most of the top financial centres are situated in economic powers... And if you believe what you said, then there's no reason for repeatedly sanctioned Lodamun to lose its established status as the premier financial centre in Terra.
Reddy wrote:Siggon Kristov wrote:Why do we even need to, OOC, establish an official international currency? Why does it matter whether we publish information in LOD or RUT? The rankings would be the same, regardless of which currency we use, as long as we convert everything to a single currency.
I suppose we need an international currency for the same reason international trade is mostly conducted in the almighty Dollar.
Reddy wrote:I don't know enough about economics/finance to be able to fully explain why.
Reddy wrote:I think for RP purposes certainly, it would be easier to have one international currency in which figures are stated, if I quoted figures in the Deltarian Telar for example, it would end up looking like we have a huge economy, given that 1 LOD is equivalent to 20 Telars. A 500 billion Telar arms deal would end up sounding like some kind of power play because no one is going to check out the currency rates, they would likely just assume that it's something roughly equivalent to the LOD or even the US$.
Reddy wrote:Farsun wrote:Uh, no? I'd prefer a created reserve currency then a national currency.
All that said, I agree that it would be better to have a created reserve currency as Farsun stated which I think should have a fixed value, immune to 'roleplay determination'.
Reddy wrote:If not, could we please just keep the LOD for simplicity's sake ?
albatrosinus wrote:Lodamun is interesting because, as it is a "non-cultural democracy" it reflects the trends of the whole Terra.
If Lodamun is so controversial, why wouldn't we choose the only other country without enforced CP - aka Beluzia - as a reference?
J4C0B65 wrote:Rildanor will have 1 Trillion RCR of GDP per year once my bill passes.J4C0B65 wrote:Who is the best nation in terms of GDP
We should use whoever the richest nation is as the Terran Currency.
Siggon Kristov wrote:I'm talking about financial RP in the context of RP-ing a financial institution that publishes statistics. It doesn't give any power, and players won't be allowed to change the rates that are already stated on the rates page.
Siggon Kristov wrote:I never said Egelion couldn't be hit by sanctions. I'm not getting what point you're making, here. I'm not saying that Egelion should be the default and official financial centre of Terra.
Siggon Kristov wrote:Firstly... Did RP establish this status, or an OOC imposition which currently makes no sense IC?
Secondly... yes, it would lose that status because people would ignore what financial institutions in Lodamun have to say. I'm not talking about whether Lodamun is an economic power or not. Lodamun's economy has remained in the top 5 for centuries, without being in debt. The point is that its currency hasn't been popular. Its government and its institutions have not been popular, either.
Siggon Kristov wrote:I was told by at least 2 players that I'm obligated to do it in LOD instead, and that I'm breaking rules otherwise. Does this make much sense? This is the source of my problem with the OOC imposition.
Reddy wrote:I don't know enough about economics/finance to be able to fully explain why.
Siggon Kristov wrote:By the way, the US Dollar in the real world is not the strongest currency in the real world, so painting it as a parallel to the LOD is something that I don't see the point of.
Reddy wrote:If not, could we please just keep the LOD for simplicity's sake ?
Siggon Kristov wrote:Does it really matter what we publish statistics in? Do we really need to "keep" any one currency as the permanent official international currency? What does it matter whether I publish information in BEL or LOD? Wouldn't the rankings and relative values be the same? I really don't get what it simplifies or doesn't simplify. I still haven't been convinced of the necessity of the OOC imposition that the LOD must be the official international currency.
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