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Economic Stimulus Act
Topic Started: Jun 14 2014, 11:52 AM (174 Views)
New Christland
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Realizing the low amount of cash in the region.

Hereby delivers 500$ to every registered member of the forums by June 17th,2014




Realizing that it is hard to get a loan currently with the low amounts of Allied Dollars into the system.

Also recognizing that Banking Institutions cannot conduct regular business, such as loans, and dividends with current cash
shortages.

Hereby orders the injection of 15,000 Allied Dollars into the bank account of The Allied Bank.
----Oversight--
The money cannot be spent of staff, employees, or bonuses.
The money must be directly used for loans, fee's, and dividends bank to investors.

Profits can be spent however the Allied Bank deems after the orginal use of the money is done.
Edited by New Christland, Jun 14 2014, 11:57 AM.
GOP Member
Senate President I-IV Congress of Allied States
National Security Organization President
Representative of the Gulf Coast
Founder of Society of Jesus
CEO of Allied Bank
2nd & Current President of the Allied States
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CDLand
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I'm not sure if it's a good idea to just hand out $15,000 to a favored business, even if it's a bank. Giving $500 to everyone is fine though, but we should warn everyone in advance so they can raise prices, etc.
John Newman (LP-Buxton)

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New Christland
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Well maybe not 15,000 but we can discuss the amount, we need the banks to be able to give loans. This will create a fire storm in the economy sending the growth rate through the air. Its to pump money into the economy, and this is just right. Maybe 5,000 to the bank as a reduced instead of 15,000
GOP Member
Senate President I-IV Congress of Allied States
National Security Organization President
Representative of the Gulf Coast
Founder of Society of Jesus
CEO of Allied Bank
2nd & Current President of the Allied States
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CDLand
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It's really the principle at stake here... if the government creates money out of thin air and gives it to a specific business, it devalues the currency for everyone else. I'd be happy to make a $2000 deposit at your bank and that way you guys would have $3500 to start out with - without the government getting involved.
John Newman (LP-Buxton)

First President of the Allied States
Winner of the "Last to Post Wins" Contest!!!!

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Britarvia
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Once the Monetized Map is up and Taxes are collected, the government will have a supply of money that can be spent on things like Business Incentives that can be given out to help citizens create/start businesses.
Your Benevolent Founder
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