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Amend Forum Economy Act
Topic Started: Mar 19 2015, 09:58 PM (337 Views)
Keventle
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Ron Reggie
Section 1.
Title 1 Section 2 Clause 1 of the Forum Economy Act is hereby amended as follows:
Title 1 Section 2 Clause 1

1) The Treasury may issue licenses to businesses, who may operate exchanges that convert points to Allied Dollars at the current market rate for gold. 1 Allied Dollar shall be equivalent to the exchange rate between 1 United States Dollar and 1 gram of gold, with points being substituted for United States Dollars. Such licenses must be renewed every 2 months and the Treasury may impose stipulations on the licenses, including, but not limited to, a cap on the amount of Allied Dollars an exchange may create. The Allied States Treasury shall also operate a currency exchange with a 6% surcharge.


is herby amended to:

1) The Treasury may issue licenses to businesses, who may operate exchanges that convert points to Allied Dollars at the current market rate for gold. 1 Allied Dollar shall be equivalent to the exchange rate between 1 United States Dollar and 1 gram of gold, with points being substituted for United States Dollars. Such licenses must be renewed every 2 months and the Treasury may impose stipulations on the licenses, including, but not limited to, a cap on the amount of Allied Dollars an exchange may create. The Allied States Treasury shall also operate a currency exchange with a 6% surcharge.
*l*LIBERTARIAN PARTY FOUNDER*l*
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ILTrains
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It shouldn't be completely taken out, maybe keep the need license part
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Eye-El in a Nutshell
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Keventle
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Ron Reggie
no. Free market. It worked great for a long time without the feds. stepping in. If one does not like the bank then don't go to it for exchanges.
Edited by Keventle, Mar 19 2015, 11:43 PM.
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CDLand
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But what if the bank creates too many Allied Dollars and causes inflation?
John Newman (LP-Buxton)

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ILTrains
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That too
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Keventle
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Ron Reggie
That is why I created the ability of creating your own currency. Competing currency for the lowest inflation, and a healthy alternative. Like Bitcoin, or gold.
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Keventle
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Ron Reggie
I think it is time for a vote:

aye
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Pletamia
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His Excellency, Pletamia
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Zach21GF

Nay
Chris Bennington (IDP - Northeast)

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Peruvian Highlands
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Nay
Xavier Tasman Caceres (IDP-Northeast)
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