| XON Xyooj | Sunday, November 10, 2013 - 09:21 pm 
@emunne,
i don't understand all these baby steps and restrictions.
it should be really simple process to allow players to earn interest money on game year, not earth year.
i have trillions in some of my countries, yet i am not allow to borrow from one country to another country, yet i am forced to automatically given loans from other players' countries.
a wealth fund might be great for the extra cash, instead of them just siting in my countries/enterprise earning nothing.
this game needs a dimension to the econ side. |
| Erin | Monday, November 11, 2013 - 07:17 am
you can send as much money from one country to another or corporations for that mater. Go to direct trading and transfer sc from nation/enterprise to account then to the nation enterprise you want to give it to. ...or you can buy more cash from andy and put it where you want it. |
| thewhy | Monday, November 11, 2013 - 08:16 pm
because making it a game year would cause the interest rates to go way up and noone would take loans anymore.... you would take a trillion dollar loan and in 3 days you would be paying 130 billion plus the principle..... the interest on a trillion dollar loan would be more then the whole income of a nation in that same time period |
| XON Xyooj | Monday, November 11, 2013 - 09:01 pm
i don't want to just keep transfer from my rich entities to carry the weight of my poor entities, @erin,
i have been doing that for long time and i want every entity to carry its own weight.
as existing, the game parameters automatically give loans to my country corps even if i still have trillions in my country's account or my personal account; and these parameters also automatically give loans to my enterprise without even bother whether i want or not want the loans because i have GC and SC$ in my personal account which i could loan to my struggling entities.
i'm simply asking that the game allows me to borrow from myself (my account) or my rich entities back to my poor entities which i can charge a fee on (interest rate). |
| XON Xyooj | Monday, November 11, 2013 - 09:21 pm
@thewhy,
everything should be base on the rotation of the planet the loan is taken from, whether be fb, kb, gr, wg, or lu.
i'm all confused on the rotations of this planets anyways because the game docs are screw up with mixture of info.
let's say that my planet fb turns 6 game months every earth day. that means in 2 earth days, will be 12 game months on fb (that's one year).
if i borrow a 100B loan to my entity or someone else at 12% interest rate, then every game year the interest charged would be $12B SC or $1B per game month.
some of the problems with the existing loan program include that it is base earth year, you have to pay a penalty fee if you pay off the loan earlier than its due date, you are automatically given loans without your permission, and you cannot make loans from yourself to your entities (countries, enterprises, corps).
on earth year, 12% for fb is almost meaningless in that the loaner earns almost nothing and the loanee pays almost nothing. and i don't think w3c even make that the payment for each game month is interest plus principle....it's simply just that you pay the interest every game month/year then at the end you pay off the principle when it is due. this is a simplify version base on 1980s technologies because must be too difficult to put in a loan equation into the game parameters?
i want a credit line concept to be part of this loan program, so that of my 100B loan on an interest rate of 12% game month, i could payoff any amount i want when the entity can afforded. credit line charge you on the outstanding balance of what you owe. so if i took out the loan in January, i would pay $1B interest for my January usage of the money. if i earn enough to pay off say $50B of the loan at the end of January, then i would only need to pay interest on the outstanding balance of $50B in February or $0.05B. |
| thewhy | Wednesday, November 13, 2013 - 03:15 am
well get your own damn thread XON
in real life you do this
Invest in company
Reap dividends/capital gains
i think the dividends should be paid out to population instead of this made up interest rate of 3% (there should be an option to reinvest dividends into the liquid cash of your IF)
Capital gains should be reinvested into IF (when you sell them)
maybe there should also be an option to cash in on capital gains and such with a feature allowing a payout to citizens from money in the IF
this money eventually finds its way into the income tax revenues
could probably add some other affects in as well.... entwining welfare and the IF as is the case with many features of the game |
| thewhy | Wednesday, November 13, 2013 - 03:24 am
i dont think this change would affect the overall structure of the game and it would put "econ" players a little more on par with warlords |
| lenpeat | Wednesday, November 13, 2013 - 04:13 am
Ruble accounts, some adjustments can be made their, when we have some run over and pick up client. |
| lenpeat | Wednesday, November 13, 2013 - 05:21 am
Also keep in mind, Welch Debt Controls. |
