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Business project: Private exchange office thingy
I'd like to create such a thing. Basically what you could do with it is this:
You would buy a certain amount of a currency you choose, for its costs + a small fee. You should choose a currency that is expected to go up in value. When the value has gone up, you sell it to the currency exchange office again. If you can more or less predict the economies of certain nations, this can earn you quite some money.
It's only a project for now, I haven't started it yet. I'll ask approval when i'm ready.
Re: Business project: Private exchange office thingy
Wouldnt this just drive the formulas crazy and make money disapear from places? I still cant work out how I ended up making a 40,000triven profit just by transfering some aers to another aerlig account via Trian
------------------------------- Lachlan Powers
Prime Minister Republic of Aerlig
Re: Business project: Private exchange office thingy
yes i know hoef
the profit is propably because the rate aerlig to triven is quite extraordinary. Don't worry, the formula is as realistic as possible. If you exchange money to go on holiday, in certain circumstances the money is worth more when you go back. Thats the same here in micronations, but more extreme because the transfers are bigger compared to the amount of printed money.
Re: Business project: Private exchange office thingy
Ive got no probs with the forumula. I actually thought of the ide myself after my windfall but thought it might make the inflation in one country extrodinary or something
------------------------------- Lachlan Powers
Prime Minister Republic of Aerlig
Triáni Citizen
Easier said than done
Posts: 77
(9/8/03 3:40 am) Reply
Re: Business project: Private exchange office thingy
And that makes sense because Balance of Trade is an important factor in inflation. And since Balance of Trade is going to change massively, so will the inflation rate. Micronational economies falter A LOT. I used to keep economic data for Karnali and in one month the values are mad. +200%, -75.34%, etc... I stopped because it was irrelevant. One thing about great theoretical inflation is that due to the extreme inelasticity of micronational economies, theoretical inflation will make little or no difference in the real inflation rate. Ofcourse we can't really measure the real inflation rate because there is no consumer price index and it would really annoying and pointless to make one.
[noeconomicability]Please upgrade to a greater economic ability.[/noecnomicability]
Oh and money is never lost(atleast not with the original formula). It may seem like it is but it isn't because the amount might end up being lower but the value will compensate for it. Mr.Doolman brought up a similar point.
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