NationStates Jolt Archive


Economic Crisis (RP welcome)

Jarridia
31-08-2004, 17:38
In the past few weeks the Jarridian economy has been under increased stress due to an escalating trade deficit. In the late afternoon yesterday our markets plunged into depression. The Jarridian Mau is nearly worthless in comparison to the dollar. Many Jarridians have lost everything, and our Bureau of Economic and Employment Affairs has had the following results:

In the upcoming weeks and months, nearly 45% of all Jarridians will collapse into poverty. 20% of these people will be within the realm of absolute poverty. An estimated 15 million people will be homeless, and another 8 million will starve in our own streets.

Already, many of the more prestigious areas of Jarridian cities have been ransacked by poorer members of society, and many houses have been abandoned. The Jarridian automobile industry is expected to layoff as many as 250-500 thousand employees over the next 5 months.

Presidential Economic Advisors have informed the president and the rest of his staff that with current conditions, we are expecting no economic turn around of any kind. Optimism has been shot in the high ranks of our government as the conditions worsen today. This has been the largest economic collapse in Jarridian history, and our deficit continues to increase.

The President is expected to make an address to the nation later tonight on the events of yesterday and today. In a sense, the Pure Democracy of Jarridia has turned into a 3rd world nation overnight, with no hope of an economic rebound in the near future.

---------------------------------------------------------------------

Presidential Speech

It was in the early evening as Jarrod entered the press room. The cameras flashed all around him and he was cued by the television director when it was time to begin.

"Good evening Jarridia. I come to you in a very dark and depressing hour. As many of you are aware by now, our economy has collapsed. Our coffers are exhausted and our deficit is increasing. In short, our great nation is bankrupt.

We are taking precautionary measures in an effort to avoid imperialistic ideals by hostile nations, who wish to use our misfortune to their advantage. Security has been stepped up, while other programs have been slashed.

For many years we have been a bright light in prosperity and peace, offering money to nations in need and having a very extensive welfare program for our citizens. Today, I am announcing a turn around policy. Today, in a suprisingly quick move, I, along with congress, have accepted a new doctrine. We collectively call this the "Jarridia First" policy. All foreign aid, in the form of monetary or military, will be suspended until further notice. All money previously spent on foreign aid will now be placed in economic recovery and temporary welfare programs.

Do not fear Jarridia. Your government is determined to find the root of the issues, and right what is wrong. The recent terror activities by Terror of the world have little to do with our economic downfall. We must be vigilant, and above all, keep eachother safe in our upturned world. The police of all cities have been given the word to end any suspicious activity. This includes looting, and violent actions towards other citizens. We will take action, and Jarridia will rise again"

The press room is quiet, except for a few quick clicks of cameras. The president walks off the stage, he enters the hall, and his head lowers. Jarrod has always been very close to his nation, when its in pain, he is too.
Hallad
31-08-2004, 17:49
The Federation is very willing to help Jarridia recover from this deppression. Would Jarridia be in need of a loan? If so we can provide what you reqiure. And if you wish it, we can send food stuff for no charge and workers from the Commissariat of Humanitarian aid. If you require anything else, we can provide it.

The Commissariat of Humanitarian Aid
The Commissariat of Foreign Affairs
The Islamic Socialist Federation of Hallad
Jarridia
31-08-2004, 20:05
The Pure Democracy of Jarridia thanks you for your support to our crisis. As our nation is currently in dire need, we humbly thank you for the food and humanitarian aid. Although we know beggars cannot be choosers, and we are hardly begging, we would like to know the terms of a loan from your nation. If they are reasonable in the long run, we would wish to discuss more with you.

-Mark Talytion, Jarridian Emissary to Hallad
Trekys
31-08-2004, 20:11
The United States of Trekys is willing to send, if you accept, ideas for getting the eco back on its feet (i'll post that if you accept) We also shall wire 300 Billion Treky Credits (468,000,000,000 dollars) thats to your nation, no loan no strings attached, its for free, as well as anything else you may need, Food Water Cloths.

-From the Presidential Office of Leoanrd McCoy
Hallad
31-08-2004, 20:11
We would be able to loan you up to 400,000,000,000 (400bn) Utopes [500bn USD]each year, with a yearly interest of only .5%.
Trekys
31-08-2004, 20:30
do you accept?
Jarridia
31-08-2004, 21:41
Trekys, we accept your most generous offer.

Hallad, we are currently thinking about yours. When we reach a decision, you shall be notified.
Kryozerkia
31-08-2004, 21:44
Instead of giving money, we will send over jobs. Our unemployment rate is very low and we have some jobs that can't be filled, so, we are willing to outsource jobs to your nation.

We will also send over builders so that they can build homes for your impoverished and homeless. We will supply all the building supplies. We will also ensure that there are jobs available in the in this industry. We will pay your workers handsomely for their time. The houses will then be given to those without homes.

We will also be sending food and medical supplies for those who are unable to afford it.
Jarridia
31-08-2004, 21:47
Instead of giving money, we will send over jobs. Our unemployment rate is very low and we have some jobs that can't be filled, so, we are willing to outsource jobs to your nation.

Thank you Kryozerkia. That has to be a very ingenious idea (never thought of it myself). Our people are hardworking and will certainly take any job.
Kryozerkia
31-08-2004, 21:53
Thank you Kryozerkia. That has to be a very ingenious idea (never thought of it myself). Our people are hardworking and will certainly take any job.
They are mainly manufacturing jobs. They are not sweat-shop jobs, but rather skilled work in computer parts, automobile, and appliance. There are also some data entry and other office related jobs. Your people will be paid in Khrysts at Kryozerkian full-time minimum wage, which is ยง20/h, or $12 (USD) per hour, and we will provide full benefits for them until Jarradia can get back on its feet.
Trekys
31-08-2004, 22:01
Okay there a few things you could do but there is a question that must be answered: How do u make jobs?

1)Have goverment jobs for everyone. Get them to build things mostly. Like Dams or buildings. The more ppl work the more they get paid the more they get paid the more they spend the more they spend the more money the corps make

2)Let outside corps come on in. Let corporations come in from outside. They will create jobs for your country. Which will in turn come about the number 1 thing as said above.
Notquiteaplace
31-08-2004, 22:14
Okay there a few things you could do but there is a question that must be answered: How do u make jobs?

1)Have goverment jobs for everyone. Get them to build things mostly. Like Dams or buildings. The more ppl work the more they get paid the more they get paid the more they spend the more they spend the more money the corps make

2)Let outside corps come on in. Let corporations come in from outside. They will create jobs for your country. Which will in turn come about the number 1 thing as said above.

2) true,

1) not entirely true, doesnt work in reality as most money goes into the first people's pockets and stays there. The money also has to come from corporations, which slows them down, the net effect of 1) is actually very little.

however you can also create jobs by just making people's expectations rise, they expect jobs, and spedn a bit more. a bit like one, but without the government taking money from anywhere and so cancelling the effect... so like you described one, but its better if you just raise incetives for growth,m subsidies and tax breaks for business and stuff.

Trade deficits have yet to actually hurt anyone, it just lowers your output, as it is a cost. (GDP) its moeny leaving the country, but if gorwth is occuring, then obviously more output is being created than money is lost.. well sort of..

The UK has been running one for ages.

Notquiteaplace would also like to do some outsourceing.
The Evil Overlord
01-09-2004, 12:00
Evil Overlord Enterprises is insterested in opening the Jarridian market. EOE would like to open mines, build factories, and create subsidiary businesses to support these functions within Jarridia. Local workers will be hired- initially under EOE management, but talented managers and leaders will be promoted to control local operations under EOE oversight. The total Jarridian employment by EOE could eventually reach as many as 200,000, all over the country. EOE is also willing to hire skilled construction workers to assist in re-building the local infrastructure in the Redoubt Islands.

EOE wages are historically higher than most other corporations, and exceptional personnel can expect to be promoted rapidly. Evil Overlord Enterprises intends to manufacture and sell goods and provide services useful to Jarridians and the Jarridian government, as well as Jarridia's neighbors. The resulting increase in wages and business (and therefore taxes) should help re-stimulate Jarridia's faltering economy.

Evil Overlord Enterprises intends to make a profit, but His Omniferocity's policy is to improve economic stability worldwide wherever practical. This creates more people who can afford EOE's products and services. Everyone benefits, in the long run.

This is subject to the Jarridian government's approval, of course, but EOE is ready to begin operations within two weeks.


Eternal Arch-Villain Psychopompos
Minister for Pre-Subjugation External Affairs
DontPissUsOff
01-09-2004, 12:36
We would likewise be interested in entering the Jarridian market. Our main industries are "heavy" industries, but we also have a good sideline in electronics, which is being rapidly expanded for both military and civil purposes. We are committed to providing the highest possible standards for the workers; all of our companies are obliged in law to provide workers working for them, regardless of location or origin, with:

*Dining facilities;
*Accommodation, supplied with running, treated water and electricity;
*Medical care up to minor surgery (in other words first aid, but nothing major like a heart bypass);
*Wages at least 10% above the minimum wage in the country;
*Childcare facilities;
*Leisure facilities (sports areas, libraries etc).
Yocasta
01-09-2004, 12:47
My country is still very poor but we do have fertile valleys and if need be we can arrage to send some of our surplus to your country as humanitarian aid. it is not much but in situations of hardship any helping hand can oftimes be welcome.
Her Royal Magesty
Selane Yocasta
Red Tide2
01-09-2004, 14:19
OOC:Are Casinoes legit in your country? If so than I could have the Red Tide Mafia set up in your country... sure it will increase crime but also increase the economy. But for now I will have the LEGITIMATE corps take interest

IC:MESSAGE! MESSAGE!
PRIORITY N!
From Tech-Com Corporation
To Jarridian Goverment
We have taken a interest in your recent economic problems and thus we are willing too help by 'Setting Up Shop' inside your nation. Our Military Industrial Complex in Red Tides desert is beginning too fill up and we want too set up arms manufacturing plants in your nation. We of course will hire people from your nation.
END MESSAGE!
Jarridia
01-09-2004, 23:30
Jarridia thanks all the nations that have stepped up in order to aid us in our severe time of need. At the moment, we will allow you to open your businesses on a temporary basis, in hopes of a quick remedy to our economic crisis. Once that we feel we are able to sustain our own needs we may ask you to leave, but if your businesses provide a substantial boost to Jarridian life then we may invite you to stay. Jarridian borders have always been open to free trade and business from outside nations.

Once again we thank all of you for your efforts.

----------------------------------------------------------------------

OOC: I've been busy doing college stuff, I'll try and make an additional post later with more on my story. Thanks for being patient.
The Parthians
01-09-2004, 23:33
We recommend you draft the homeless into your army.
Red Tide2
01-09-2004, 23:38
OOC:Its not such a good idea too ask the Tech-Com Corporation too leave... you see they have a small private army of their own(with MBTs, APCs, and trucks... they are not alowed too have aircraft or armed ships(armed transports are okay)) which they use for security purposes... and in some cases intimadating foriegn countries into letting them stay inside.
Jarridia
02-09-2004, 01:33
OOC:Its not such a good idea too ask the Tech-Com Corporation too leave... you see they have a small private army of their own(with MBTs, APCs, and trucks... they are not alowed too have aircraft or armed ships(armed transports are okay)) which they use for security purposes... and in some cases intimadating foriegn countries into letting them stay inside.

I see that as a threat to national security. If that is how you do business, then Jarridia will have nothing to do with it.


Parthians - That's not really an option. Jarridia is bankrupt, therefore, we do not have the funds to support any more military than we already have.
Kryozerkia
02-09-2004, 01:35
In addition to the senior managers and builders we are sending to help revive your economy by building and establishing factories, as well as a charity reconstruction industry, we are going to, if you need, send reservist to assist in defending your nation if at this time you are unable to expand and you are worried about being vulnerable. By this, we mean, we will pay and equip our men and women, who will help to ensure that you are not left expose because you are unable to fund your armed forces.
Hallad
02-09-2004, 02:19
Does Jarridia still interested in taking a loan out from the Federation?

The Commissariat for Humanitarian Aid
The Commissariat of Foreign Affairs
The Socialist Federation of Hallad
Jarridia
02-09-2004, 20:10
Does Jarridia still interested in taking a loan out from the Federation?

The Commissariat for Humanitarian Aid
The Commissariat of Foreign Affairs
The Socialist Federation of Hallad

Yes Hallad, we are interested in taking out a loan. When we are able to figure out the amount that is most fiscally sound, we will inform you at once.
Cheeser12
02-09-2004, 20:17
As with the rest of the people, we too will send food and medical supplies.
And the medical personnel we have in your borders will happily provide free medical aid to the poor Jarridan citizens during this time of crisis.
Jarridia
02-09-2004, 20:34
A continuation, and escalation of this post is here:

http://forums2.jolt.co.uk/showthread.php?p=6933467
Jarridia
15-09-2004, 18:23
Jarridia would like to thank all of those nations who aided us at this time of need. Because of your support our economy has begun to make its turnaround, and we are now becoming self-sufficient yet again.

The job market has increased dramatically and finally money is pouring back into the national coffers. For those seeking repayment, please post here on what we owe, and we will begin working on our debts. It may take a while, as we have just begin a new age of prosperity, but we wish to pay you back swiftly in order to keep your trust in our great nation.

Thanks again.

Kim Shaffer, Secretary of State