Join the new world

first and agreed

what i see here Jacobi is an article in which you present a thinly disguised attack on Banach and Derek and try to pass it off as a legitimate campaign. If you look at the ratio of constructive comments to ones meant to persuade people to dislike your opponents, its pretty easy to see what your goal is here.

If you want to do something childish like this at least give us a better explanation of what you intend to do besides "Government gold and CAD reserves and a Prime Minister with a crack economic team."

I expect better of you Jacobi.

Jacobi ftw.

Agreed. Jacobi ftw.

http://www.erepublik.com/en/article/csd-and-the-presidenatial-election-847522/1/20" target="_blank">http://www.erepublik.com/en/article/csd-[..]1/20
nuff said ;p
~hyuu~

Jacobi. All you have said is told us that a stable dollar is good. You also took some of my ideas (which I used to correct you in your previous article), but nevertheless stating the obvious is no great "discovery".

I think you haven't the slightest clue about economics. Your one of the biggest fails as a PM when it comes to the economy. I've lived through 4 months of horrible finance management, and god forbid we have to go through yet another one.

I agree with scorp, give us a fking explanation first. Stating the obvious (and especially using tips learned from previous articles), won't get you nowhere.

wow 🙁

Fair dues Jacobi, the ad is solid.
Perhaps a suggestion: graphics. If you have the time/resources to have some slick, stylistically-integrated graphics to support your points visually it would do wonders to keep your message in people's heads

Yeah, you should really consider taking political pointers for your platform from Octavian F, the know-it-all of seemingly any topic at hand whenever it suits him. After all, look how far his platform got him in the last election-- oh, wait...(dead last).

I demand butter!

Octavian...I um.....I don't read your stuff :/

@Mr.Mesmer: I started campaigning a few days before the election and thus was only able to convince one party to support me. The party that supported me had 36 members, and yet I got over 80 votes. I think I did quite well given my situation.

And my arguments against Jacobi are well founded and easily backed up by all the proof you'd ever want. I'm not saying his current adversaries are any better, but Jacobi isn't a whole lot better either.

And what do you mean by taking "pointers".... oh wait, I know! You mean I should also include stuff like this: http://www.erepublik.com/en/article/i-octavian-f-also-have-a-poltically-motivated-annoucement-to-make--1041876/1/20" target="_blank">http://www.erepublik.com/en/article/i-oc[..]/1/20

This is one area where we disagree. The strong dollar is hurting Canadian companies and encouraging our dollar to migrate to other countries. We need a balance and I do not think we have reached it.

@Jacobi: Yeah I know, I hear you don't like opposing views or criticism too much. I like you're style Jacobi. You're exactly what a stereotypical politician should be like.

Nice words, no substance, and unable to answer to any arguments (moreover you refuse to even read them). Bravo!

I'm starting to think Scorpius might be alright.

I disagree with you.

And my crack team of economic advisors is better than yours.

Next 🙂

@ Caesar and Banach

Why do you disagree? What is there to disagree on?

What evidence is there that Canadian business' are struggling because of the high dollar?

The high dollar could only conceivably hurt exporters, but our real gold wages are about international average and we have among the lowest diamond prices in the world.

What is really hurting exporters is two things

1) Canadian companies are, on average, younger and so are not as high quality as foreign companies...this means that they are at an efficiency disadvantage on foreign markets

2) Canadian workers are more youthful than foreign workers, so their skills are not as high when they do work. This means Canadian companies are at a productive disadvantage.

We can't do anything about the second point, but we can, as a government offer grants for business owners to upgrade the qualities of their resource (specifically wood and diamond...maaaaybe oil) companies. This would make their companies more efficient and more competitive on the world market.

"2. The Canadian budget calls for at least 3400 gold in alliance dues, training wars, printing costs and MPPs in the course of one month."

The American budget calls for about the same thing -- oh, wait, that's 3400 gold in a month? Not a week?

...

Nevermind.

In any case, you can only print so much CAD before you badly devalue it and stop making so much of a profit off of it...

No Jacobi, those ARE NOT the main problems our economy faces.

In case you've never heard of this word, its called "over saturation", as in, there is a small demand, but a great supply in our markets. And I dunno if you heard yet, but its kinda becomming a global issue.

Moreover, our tax system is flawed in both domestic tax policy, and foreign tax policy. And thats a BIG problem. I just wanna see if you can figure out why.

And third, the two points you posted are so insignificant it makes me laugh. Ok point #1 is slightly relevant, as in it is wise to for our government to give out loans to help business prosper, but it was not the cause of our crisis.

P.S. The idea of the loans, yeah, you got that from me too. Ciao.

I'm an exporter and the relative strength of the dollar doesn't mean that much to me since you have to price in gold. What does hurt is any instability in the currencies. A higher dollar should be better for the government. Over saturation is very high in the marketplace driving down margins and bankrupting many. There shouldn't be any reason for the govt to grant funds until the new economic module is released.

Canada is so much more than this.

I own a business myself - actually two business and I administrate a further two as well. That's a total of four, so I have the experience to understand where our true issues lay (it's certainly not import taxes). The high dollar is hurting our businesses and the inflated wages are furthering the problem.

I believe a lowered CAD will solve a number of problems at once. It will help to create the strategic reserves you have called for and which I agree must be created to prevent another catastrophe. It will help our exporters, but also all other businesses as well by ensuring Canadians spend their money in Canada, not in North Korea or Finland or - God forbid - Hungary.

I believe a detailed analysis is necessary and I believe the lowered CAD will come out on top as the most beneficial economic theory.

Caesar, how can lowering the value of the Canadian government's only income make a strategic reserve of gold? It would mean very plainly that it would take more of what we have to make gold. That won't help us save gold!

You might believe the lowered CAD will solve a number of problems at once, but saying that our high dollar hurts businesses doesn't make it so.

Where is the proof that people in sufficient numbers to be economically relevant are going overseas? Where is the proof that it is meaningfully hurting exporters?

And, even if it was (which I am not saying it meaningfully is), where is the economic incentive to penalize every domestic producer for the very small benefit of international producers (plus penalizing every Canadian by lowering their real value wages, plus lowering the government's purchasing power).

I've illustrated the value of a high dollar using real numbers, very plainly. Those who favor lowering the dollar need to point to more than just intangibles.

Jacobi, first off, I am disappointed you resorted to an attack article on Banach and I. After that, I think you are looking at the wrong ways of why Canadian companies are having difficulties making money.

You say that eCanadian workers and companies aren't old enough and don't produce as much as foreign workers. I think the main reason some companies might struggle is the oversaturation of the markets. Prices are constantly being dropped and it is hard to turn a profit with a company when prices are so low. Which is why companies resort to exporting to make a profit. This is why I think a lower dollar will be beneficial. However, I am not going to make the decision by myself. It is a critical decision to decide that so I will make sure my economic staff consults the decision and advises the government on what to do with input from myself as well. Once that is decided, it is important to stabilize the dollar and maintain its level.

As far as the government having to spend more CAD, I think the government should be spending a little less gold and saving more of it. I applaud William Duncan for helping our allies and preventing imperialism and I will continue to uphold these policies but there could be less gold being spent by the government which will translate to the government having to spend less CAD to get the gold.

vote

A more valuable currency only benefits us as a country in my opinion.

Although I disagree with many of your policies and actions Jacobi, you are 100% right on this issue, which may result in my vote come election time.

I admit that I am no economist and this is why I would make sure my economic panel would look at the disadvantages and advantages of a higher dollar vs a lower dollar and make a smart decision. There are advantages to both and thanks for responding Jacobi. I understand your position on this issue and it will be a decision that is very important no matter who is elected. That is why I will make it my first priority to work with advisors and make a decision on this policy issue.

That was a bit too well said. 😃

Agreed...

Gold < Policy.

You know better Jacobi

Stop pandering to populism.

I actually agree with Jacobi on this one....and how is this an attack article...I fail to see anything resembling that at all.


PS- Scorpius--"Le Sigh".....

I completely agree Jacobi, a high and stable dollar is a necessity for us. I'm still considering my vote as William Duncan and his team have been doing a good job slowly raising our dollar to the second highest in the world, but I wish you luck in the election.

I was wondering when someone would bring up minimum wage as the CAD in devalued..

There was talk of depreciating the CAD to .04 / gold.

That would require (maintaining the same wage / CAD formula) increasing the minimum wage to $2.00 - not exactly great for GMs.

this article makes no economic sense at all. Short 'reasoning'
No argumentation. Not to mention that some of the statements are totally wrong.

in short FAIL

What is really hurting business is the inflated cost of labour in eCanada.

For example level 4 manufacturing worker in Canada, wage rate $8.50 per day -converted to gold = .28 gold per day

Same worker in the eUS $6.40 per day - converted to gold = 0.16.

Wage rates in Canada are 75% more expensive than in the US. Raw material costs are the same (assuming that the company in question purchases from the global market). The ripple effects on produced goods cost is obvious. The lack of competitiveness in the biggest market in the eWorld is obvious.

My question is how is monetary policy going address a chronic labour shortage?

So Presidents, former Presidents and wanna be Presidents your 2 cents (converted to gold of course) worth please.

Demand better? How is the status quo, without any effort to see what can be improved better?

If you are correct, Jacobi - and I don't believe you are - then we should be seeking to make $1 CAD = 1 gold. Look at all the savings the government would have!

For the record, I disagree. Congress is seeking to maximize our economy, not remain stagnant. We also look for a stable dollar, but at the best value for everyone - citizens, business, and not just the government.

Citizen B

@Kitahoshi

Right on.

And regarding the lower dollar helping exporters, don't most countries have extremely high import taxes anyway.

And furthermore, new companies wouldn't have export licenses right off the bat, so a lower dollar doesn't really help them, does it.

And if I were going to start a company anywhere, unless you're a true patriot, you'd just move an organization to wherever the lowest tax rate/lowest wage/highest demand for your product.

likewise, if Canadian workers are looking at the bottom line, they can make more working elsewhere. Lower taxes in some other countries PLUS a higher wage rate (when converted in gold equivalent). That's why low skill workers/new players will stay in Canada if they can't move, but not the higher skill ones, unless extremely patriotic. For me, I'd only come back to fight a war, but otherwise no.

CitizenB, I enjoy slippery slope arguments as much as the next mongoose, but $1 = 1 gold is 30 times more than what we are debating and wouldn't be sustainable. The government would be able to sell Canadian at that price because there would be no economic indicators to justify the CAD being so high. We have a high currency mostly because we are the 6th largest exporter in the world. All the other major exporting countries have high currencies because exporters put their gold on the market when they've converted weaker import currencies into gold.

If the price was at an unsustainable value, let's say 0.04 or 0.05, there wouldn't be enough gold on the market and CAD would drop as CAD sellers lower their price to something sustainable.

You see the same thing in any product. I could make a union and all my q3 brethren could sell our food at $3.50 or $4. We could but there is little demand for it so we lower our prices to a sustainable value.

We know that the CAD would continue to rise without government intervention because our exports are too strong (raspberries to all those "woe is me" exporters). You are proposing an extremely artificially low currency that isn't supported by a country with higher exports than the US

I like to follow evidence, Jacobi has made a very clear case for maintaining a strong/stable CAD based on government costs among some weaker (i.e not as quantitatively based) arguments. Yet the opposition is seemingly unwilling to produce a coherent, quantitatively based reason why exporting is better. While the theories sound quite plausible and dandy, many pet theories of politicians and economists alike get discarded when faced with numerical evidence.

I am not saying I agree with Jacobi, I'm saying the opposition needs to use some facts in their arguments.

STRONGER MONIES!

@Kitahoshi: LOL if you're gonna direct a comment at me, at least say it. And apart from the fact that you have your own (foolish) opinions about things, you haven't said anything important. And by important, I mean contradicting any economic policies/ides that I have suggested.

And politics includes debating. And sometimes, people like me need to make a few "nasty" (as in I disagree) comments in order to expose fools who don't know what the fk they're talking about. Especially if those fools fked up a nation for 4 months and now they want to have another go at it. Its not hello kitty adventures, and its not pretty. Its politics. Get over it.

P.S. Jacobi doesn't know what the word "economy" even means. He does know however, what "image" is. And frankly, given people like you, its working well for him.

So what are YOU going to do to stabilize the dollar? I see a lot of complaining but not allot of progress.

@Liam Crowley: Wait a week or so until I publish my platform. I'm sure you'll all like it. 😉

Just so we're all clear on who knows what the word "economy" means...

Jacobi received a BA in Political Science.
Octavian has not yet completed high school.

jus sayin' ; )

@Saltydog: Lol yeah thats the funny part. A 17 year old highschool student seems to find better solutions for the economy than university grad who can't even understand economics in a simply game.

However, I do plan to attend Canada's #1 business school. I'm not so sure what school Jacobi attended...

The Mongoose School of Political Science?

"You are proposing an extremely artificially low currency that isn't supported by a country with higher exports than the US."

False:

USD - 0.025 (40 USD = 1 gold)
RON - 0.019 (52.63 RON = 1 gold)
FRF - 0.025 (40 FRF = 1 gold)
NLG - 0.016 (62.5 NLG = 1 gold)
RSD - 0.016 (62.5 RSD = 1 gold)
PLN - 0.025 (40 PLN = 1 gold)
HRK - 0.017 (58.82 HRK = 1 gold)
IRR - 0.026 (38. 46 IRR = 1 gold)
BRL - 0.027 (37.04 BRL = 1 gold)

Citizen B

Banach, MY crack team of economic advisers have more plans to stimulate our economy. They are also high on crack.

Tyrone Biggums is my MoF

Printing money is just another form of taxation, and one used in desperation