| Sunday, September 21, 2003 - 02:45 am |
With the huge number of rich countries entering the world, a couple of problems have cropped up.
Its becoming almost impossible to loan out money, in order to maintain defences against large aggressive countries, a lot of countries rely on their loan income to keep them afloat. As they have had to sacrifice corporations for defences.
Many players who came to GR early on worked out the profitable corps and built their countries around them. The market was able to absorb them due to the high percentage of c3. Now with the influx of developed countries some of these corps (such as cars for instance) have become just about impossible to proft on. The numbers may balance out eventually i guess but it will take a long time..and proly ruin several countries (the problem being compounded by the loan situation)
Please could something be done about loans?. Either increasing the debt a corporation can take onboard before closing, or allowing countries to spend there cash elsewhere would help a lot(shares are one option i guess is one option although public companies are rarely worth buying into due to poor profitability).
| Monday, September 22, 2003 - 02:42 pm |
This is also a contentious position (loans) but it is better for the smaller countries who dont have huge stock piles of cash. But I have to agree that it is virtually impossible to loan cash out now
| Monday, September 22, 2003 - 10:34 pm |
Well while I disagree that stock in public corps are rarely worth buying .. much depends on just who is running the corp.
Unfortunetly a country can only buy stock in a public corp inside it's borders .. there are work arounds if you have a CEO to move corps in .. but it's a real headache.
And yes loans are hard to make .. heck I've even loaned money to the world bank which is something I never saw in the free worlds.
| Tuesday, September 23, 2003 - 05:23 am |
Yes, I've loaned a few hundred billion out to the World Bank also. Dunno what they need it for...
Regarding the first post - I think a country that can't make ends meet without recieving loan payments deserves to go bankrupt. =]
I just transferred in a country that's 20T in debt (the guy I took it from was trying to ruin it), and all those 4% loans are saving me right now.
It's a small hassle for some people to lose some of their income from loan payments, but it's a natural cycle in our economy and I don't see any problems with it.
Two things that would be cool though:
1) If we could manipulate our offered interest rates a little.
2) If we could pick and choose who we give our loans out to.