Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

3
[EVENT][RETRO] Inflationary Troubles
Author Summary
GalacticDiscourse090 is in Retro
Post Body

President Talmadge kicked up his feet as it was a busy day in the Presidential office. Finnagling business details with major enterprises is not a fun game to play, especially if they hold leverage against you, especially against its army of lawyers. Nevertheless the power of the state is nothing to scoff at, all that is left for today is the daily budget report and all is fi...

Fullbright: Mr. President, our cash reserves are critically low...

Talmadge: What? How?

Fullbright: Our industrialization drive is costing us an immense amount of state funding. Since secession, hard currency has been hard to comeby.

Talmadge: What about the State Reserve?

Fullbright: Dangerously low in reserves.

Talmadge: Sigh... let me guess, we are gonna have to print more money?

Fullbright: Im afraid so sir. But there is a solution.

Talmadge: Which is?

Fullbright: We may be running out of US dollars but we can just establish a new Georgian dollar pegged with the price of Gold bullion. Our gold reserves remain strong as mining operations in Arkansas and in the South give fruit as well as remnant state reserves before the flood. We may have to undergo a small increase in inflation but pegging ourselves to the Gold Standard may help us stabilize our new Fiat currency and keep its value consistent.

Talmadge: Allright, contact the Secretary of Commerce and the Treasury. I want this done within the hour.

Fullbright: Understood.

[Switching Currency type from Foreign Currency to Fiat]

Author
Account Strength
90%
Account Age
4 years
Verified Email
Yes
Verified Flair
No
Total Karma
2,547
Link Karma
2,306
Comment Karma
116
Profile updated: 2 days ago
Posts updated: 8 months ago
State of Georgia

Subreddit

Post Details

Location
We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
9 months ago