[CP] New Victory Bond Program to Start
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by Alias Vision
The Government of Canada is issuing 2,000 victory bonds at a cost of 1 gold/bond in two phases.
Goals: Provide Canada with monetary flexibility to cover its military obligations and ambitions. Provide gold for further CAD printings to then be converted back to gold using the monetary market. To cover budget shortfalls and emergencies.
Organization: NBC Vault (http://economy.erepublik.com/en/accounts/3988780)
Phase I
Start date: Day 1069 of the New World.
Amount: 800 bonds.
Minimum purchase: 3 gold.
Maximum purchase: 50 gold.*
Restrictions: Only available to Canadian citizens and citizens of allied nations aged day 800 or younger.**
Phase II
Start date: Day 1071 of the New World.
Amount: What is left from Phase I plus an additional 1,200 bonds.
Minimum purchase: 3 gold.
Maximum purchase: 50 gold.*
Restrictions: Only available to Canadian citizens and citizens of allied nations.**
Closing date for both phases: Day 1089 of the New World (20 days).
Maturity: Bonds will mature a maximum of 60 days following donation or the opening of phase 1 (or Day 1129 onward of the New World).
Repayment: Bonds will be repaid in the amount of 44 CAD/bond.***
* If an individual made a 50 gold donation in the previous bond drive, his limit is allowed to be 100 gold this time around.
** Congress and the Executive reserves the right to refuse donations from any individuals if said individual is deemed to be working against the interests of Canada or if they are enemy combatants or have a history of fighting against this country. In this case their contribution shall immediately be refunded at a rate of 1 gold/1 gold. That individual may appeal to the Supreme Court.
*** If propose a minimum 10% return on the bonds. In the advent that the exchange rate increased beyond 40 CAD/gold, the repayment would be increased accordingly.
To participate in the program, gold should be sent to the organization listed above ONLY on the dates where they qualify. Org donations will be refunded immediately.
Thank you.
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Comments
First!
Interesting plan, well done.
Lol what the hell? What's so bad about eHungarians buying eCanadian bonds?
If they wanna help us go to war with them, why not let them?
Also, why cap it again? So everyone has a chance? If so is this a sort of communist (everyone gets to invest and make money) bond program? If people want to make money, they contact me and I'll let them know what CIBC can do for them.
This program is to help eCanada, and it should be unrestricted, and free to everyone.
Octavian, you may have missed a little something while you were away. Not sure if you were aware of why Alias may be taking these measures. Read up on it here:
http://www.erepublik.com/en/article/how-the-rich-are-abusing-war-bonds-1357918/1/20
(*look up for some 1rony😉
DO NOT DONATE TO VICTORY BONDS CANADA
DONATE TO NBC VAULT
IT'S A TRAP
~HYUU~
Donations have been capped by the law Octavian, not by choice.
DO NOT DONATE TO VICTORY BONDS CANADA
DONATE TO NBC VAULT
IT'S A TRAP
and don't start donating yet!!
You should translate this annonce.
Thanks Plugson, but I was well aware of that issue.
All in all it's stupid. If someone gets 89 gold, or 27 people get 89 gold, the bottom line is the same, eCanada owes 89 gold.
Again so my theory is confirmed that this is a sort of "everyone should be able to make some money" communist style investing system.
Now maybe if allies get 89 gold they spend that gold in allied nations, so then I do see the point of not letting enemies of eCanada invest as the revenue would not be spent back in our or our allies economy.
But still apart from some false sense of being righteous, I see no reason to cap bonds.
By "previous donation drive", do you mean the one that was held a few months ago?
Or do you mean that younger players can donate 50 golds in the first session, and then 50 more golds in the second session?
Little man bonds, what a great idea.
@Kippers:
The one that was held before that (or the Cakes for Rolo Charity as some refer to it).
Actually I believe that the wording of this rule is kinda confusing. The way I understood is that you can buy up to 100 bonds if you did not buy more than 50 bonds in the last bond run. This is part of the little man bonds sheeme.
Personally I have to agree with Octavian. The bond changed from a "we need money fast" to a "lets make everyone rich" programm.
Maybe the link in the article could be bolded so no one donates to the ad org by mistake.
Although it detracts from the article, may as well mention the on-going scam too, so there can be no doubt where to donate, if anyone feels secure enough to.
You tried to do a good job guys. Repairing the damage left behind by others is a thankless job. The continued interference by the players who bailed out, leaving the crap behind in the first place, overshadowing this administration, won't be forgotten by the rest of the community or by the eRep players who have been observing the situation.
Is a con.
^ ?
Is a con. x2
jk
"Is a con"
Please tell us what is a con. This announcment is being made by the Prime Minister, in his paper.....it's not a con. The Ad that links to Victory Bonds Canada, now THAT IS A CON.
I could be wrong but I think SaraDroz is stating that Stelawrat "Is a con."
Wait. Aren't you?