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« on: May 09, 2009, 03:29:24 am »
Hello everyone,
I am Ayvlis Azshara, High Priestess of the Temple of Laanx. Attending to the Octarch Socierty of Progress last week and talking about Tolian's bank [I have heard that he has been banned but I don't know why nor what happened], I have been thinking in an idea that can change some concepts in Yliakum.
First, I will say which is my idea: My idea is creating a popular bank. I will explain it further afterwards when have explained with detail first why we need a bank.
[In real life, the economy works and grows up thanks to the flowing money and good investments (without corruption, the current economic crysis would have not existed). Investments create more money, and the money created can be used to make more investments and this is an infinite loop].
Everyone in Yliakum has thousands of tria in their pockets. Some few thousands, some LOTS of thousands. That money does not flow, and the flowing of money is necessary in order to bring wealthy to a country, thanks to the concept of INVESTMENT. If all money is pooled and spent wisely, the money can grow in more money in time. In order to explain that, I will use two examples of Investments: A shopping center in Hydlaa and a Platinum melter.
People in a bank can make 3 operations: Deposit money, withdraw money and loan money. If anyone deposits money, it will be deposited for instance at 2% interest per year (2 months in RL); that will motivate people to deposit their tria in the bank. The loan will be made in base who is the one who asks for the money and the amount of tria deposited by citizens. Except the loaning task, deposit and withdraw operations can be performed by Chorind. All the money deposited can be collected by specially designed-by-Octarch people (the investors). All money movements should be controlled by Octarchs, so there would be no way for corruption. Of course, the bank will be popular, so there will not exist an owner, only the Octarchs. All the profits of the bank would be invested in improve the cities, no one will take benefit of the bank.
EXAMPLE 1:
Now let's imagine with an example an Ylian who wants to be a platinum melter in order to make money faster than mining all day. The training in order to achieve that is around 350.000 tria. But the poor Ylian has not enough money, so he has to spend his time at Gugrontid to get the money. But... what about if the bank loans him the 350.000 tria immediatelly (at 6% interest to return in a year, for example)? He could begin immediatelly his training, and once he becomes a platinum melter, he will be able to generate more money in less time. One point for the bank
EXAMPLE 2:
Now let's imagine a guy who has 1.000.000 tria in his pockets. He deposits his money in the bank and he will recive 20.000 tria in a year (2%) and contribute for improvements in Hydlaa. Two points for the bank.
EXAMPLE 3:
There exist a good and wise investor, and after making a good analysis, he has come to the conclusion that Hydlaa needs a Shopping center. The shopping center would be a public building where people can make stands and shops in there. Weapon shops, armor shops, restaurants, beer stores... A complete and nice-looking bazaar (with several floors if possible) where everyone can sell and buy in the same place. After asking the octarchs, the construction of the building requires 3 million tria.
In Chorind's we see that people has deposit a total amount of 5M tria (cool!). Then we can retrieve 3 Million and give them to the octarchs who will order the construction of the building. Once we have it, everyone who wants to build a store or shop in there must pay a fee and he will have a reservated space for his shop (the fees would be the way to recover the investment). Also a little % of sales could be retrieved in order to reciver the investment, and after the investment has been returned, the that % could be deleted.
What have we won?
1- A place where merchants and customers can buy with peace, relaxed, and enjoy more the act of shopping.
2- A public and social space.
3- A good point of money flow.
Three points for the bank
EXAMPLE 4:
Now the guy who deposited the 1.000.000 tria wants to retrieve the money, but the desposits in total in the bank are 5.000.000 and the has been an investment of 4.5 million. What happens? The total amount requires some time to be retrieved of course. However, with a good amount of loans, there would not be any problem and Hydlaa would be wealthy and could be recovered without problems.
[like in real life, banks just keep 2% of the money (which can be changed to a 10% in PS). To recover such amount of tria requires some time. Also if everyone decides to withdraw his money, all will be a total chaos, but this chance is not concerned in Yliakum.]
EXAMPLE 5:
What about if someone does not return the loan?
Well, in that case authorities must act.
[Now, what do you think about being implemented such a system in Yliakum? Is it viable? How can this idea be improved? This is just an idea and should be maturated]
Greetings and may Laanx bless you.
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, so if we want more buildings in hydlaa, the money for the building does not appear "magically"]
