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That sounds bad, but I hear you can get away with it if your currency is very strong and you own everyone else's foreign debt. But you clearly don't and never will.
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Given that this means you will need to borrow $10 trillion off someone else every year (that is, $316 880 and 88 cents per second), no, this is not a good thing. Given that, with a deficit on that scale, you're highly unlikely to ever be able to pay back your creditors, you'll have to get money from any or all of these sources:
1) Loans with such ridiculously high interest that they'll make the money back soon eve if you don't pay off the debt.
2) Banks run by corrupt managers who just want to make it look like they're actually doing something, when they're actually planning to bug out right before the bank collapses and go live on a tropical island somewhere.
3) Pillaging other nations for stuff you can use to fill in the gap. Given the expense of modern war and the size of the deficit, you'd need to be fighting constantly, probably across half the region.
4) Print money. This is the easiest course, but expect your economy to drop like a stone once hyperinflation sets in. On the plus side, plenty of opportunities for funny stories about people making their wallpaper out of money.Comment
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Actually, my Government waste is well over $12,000,000,000,000 and my trade surplus is over $2,000,000,000,000 (100% government-owned), so I might be in the clear.Hello, you've reached Majestic-12 Headquarters.
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Cool.Originally posted by GeneralTacticus
That sounds rather interesting... although I agree it would have to be a bit more free-form than the UN General Assembly. Waiting for your requests to speak to approved could take ages, and seriously slow things down - so, IMO, the furthest we should go in that direction would be to have some IC rules regarding speaking, and just assume that anyone who wants to say something has approval.
Any ideas for a host city? For continuity purposes, &c. I would be glad to take responsibility for starting the first Apolyton Assembly thread.Everything changes, but nothing is truly lost.Comment
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Well, we could make it a rule that whoever the current Delegate is hosts the assembly... that would be me, at the moment, but it might change in future.Comment
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Let's leave it up to the delegate to decide, as some people have responsibilities, and as such cannot post as much as me.Hello, you've reached Majestic-12 Headquarters.
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5) default on the debtOriginally posted by GeneralTacticus
Given that this means you will need to borrow $10 trillion off someone else every year (that is, $316 880 and 88 cents per second), no, this is not a good thing. Given that, with a deficit on that scale, you're highly unlikely to ever be able to pay back your creditors, you'll have to get money from any or all of these sources:
1) Loans with such ridiculously high interest that they'll make the money back soon eve if you don't pay off the debt.
2) Banks run by corrupt managers who just want to make it look like they're actually doing something, when they're actually planning to bug out right before the bank collapses and go live on a tropical island somewhere.
3) Pillaging other nations for stuff you can use to fill in the gap. Given the expense of modern war and the size of the deficit, you'd need to be fighting constantly, probably across half the region.
4) Print money. This is the easiest course, but expect your economy to drop like a stone once hyperinflation sets in. On the plus side, plenty of opportunities for funny stories about people making their wallpaper out of money.
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Well, you can do that, but then nobody will ever lend you any more money, leaving you... how shall I put it... ****ed. Yes, that's a good word.
EDIT: Or it would be, if it wasn't two thirds asterisks.
/me shakes fist at the auto-censor.Comment
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Who knows?
Maybe we should ignore that inexplicable discrepancy, and get back to the numbers game.Hello, you've reached Majestic-12 Headquarters.
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hmmm i disappear for a week and im still the butt of all the jokes,,,,.. oh well, thats life,,GM of MAFIA #40 ,#41, #43, #45,#47,#49-#51,#53-#58,#61,#68,#70, #71Comment
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What jokes?Hello, you've reached Majestic-12 Headquarters.
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exactly ! they not jokes they personal insults , but im too old to care ....GM of MAFIA #40 ,#41, #43, #45,#47,#49-#51,#53-#58,#61,#68,#70, #71Comment
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/me witnesses firsthand the spam of the faméd Rasputin...Comment
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infamous, not famed ~~~~~~~
GM of MAFIA #40 ,#41, #43, #45,#47,#49-#51,#53-#58,#61,#68,#70, #71Comment
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Old, fat and illiterate.Originally posted by Rasputin
exactly ! they not jokes they personal insults , but im too old to care ....Hello, you've reached Majestic-12 Headquarters.
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