Grand Teton
22-12-2004, 22:30
I ran this through the UN forum a while ago, and I think it was Frisbeeteria said it might be a game mechanics infringement. Something to do with article four and changing the currency exchange rates if my memory serves. If a mod could rule I'd be grateful.
Oh, and while I'm at it, does anyone know if the Fair Trade Proposal category is going to make an appearance anytime soon, cos this would fit in that nicely.
UN Resolution: International Clearing Union
Category: Free Trade/(Fair Trade)?
Strength: Strong
We, the UN General Assembly
REAFFIRMING the United Nations’ duty to encourage development and economic growth in all countries.
RECOGNISING that currently, the entire burden of discharging international debt is solely placed on the debtor nation, and any debt relief programmes currently in existence do not have the necessary power.
RECOGNISING that this debt burden leads to a spiral of indebtedness, with severely damaging consequences on all scales, from human to international.
NOTING WITH REGRET that on average currency speculation results in capital entering rich nations, and leaving poor nations, and the problems resulting from this shift contribute to the debt spiral.
HEREBY
RESOLVE to establish a global bank known as the International Clearing Union. Its purpose - to bring balance to world trade.
The International Clearing Union will:
1) Issue its own currency, known as the Bancor, redeemable against national currencies at fixed rates of exchange
2) Use this to measure a countries trade deficit or surplus
3) Give every country an overdraft facility at the bank equal to half the average value of its trade over the past 5 years
4) Provide an incentive for all UN members to have neither a trade deficit or surplus at the end of a year:
a) Any nation using more than half its overdraft allowance (going too far into deficit) over the course of one year will be:
- Charged interest on the overdraft
- Obliged to reduce the value of it’s currency by up to 5%
- Obliged to prevent the export of capital.
b) Any nation with a trade surplus greater than half its overdraft allowance, over the course of one year, will be:
- Charged interest (negative interest) on this total
- Obliged to increase the value of currency by 5%
- Obliged to permit the export of capital
FURTHER RESOLVE that the ICU be a strictly philanthropic organisation, charged with encouraging the development of the world in an equitable manner.
NOTING the above point, and acknowledging that nations generally act in the interests of their own populace, the UN resolves that no governmental staff shall serve in the ICU, and that it shall be staffed in the manner of other NGOs (for example the Red Cross) - by volunteers.
The above will result in: capital being unable to flee from nations in major deficit to nations of major surplus – because it’s movements are blocked in one direction, but not the other – and on aggregate, nations in surplus would spend their money back into deficit nations. The present weakness of the debtor nations would no longer drive them further into dependency.
Oh, and while I'm at it, does anyone know if the Fair Trade Proposal category is going to make an appearance anytime soon, cos this would fit in that nicely.
UN Resolution: International Clearing Union
Category: Free Trade/(Fair Trade)?
Strength: Strong
We, the UN General Assembly
REAFFIRMING the United Nations’ duty to encourage development and economic growth in all countries.
RECOGNISING that currently, the entire burden of discharging international debt is solely placed on the debtor nation, and any debt relief programmes currently in existence do not have the necessary power.
RECOGNISING that this debt burden leads to a spiral of indebtedness, with severely damaging consequences on all scales, from human to international.
NOTING WITH REGRET that on average currency speculation results in capital entering rich nations, and leaving poor nations, and the problems resulting from this shift contribute to the debt spiral.
HEREBY
RESOLVE to establish a global bank known as the International Clearing Union. Its purpose - to bring balance to world trade.
The International Clearing Union will:
1) Issue its own currency, known as the Bancor, redeemable against national currencies at fixed rates of exchange
2) Use this to measure a countries trade deficit or surplus
3) Give every country an overdraft facility at the bank equal to half the average value of its trade over the past 5 years
4) Provide an incentive for all UN members to have neither a trade deficit or surplus at the end of a year:
a) Any nation using more than half its overdraft allowance (going too far into deficit) over the course of one year will be:
- Charged interest on the overdraft
- Obliged to reduce the value of it’s currency by up to 5%
- Obliged to prevent the export of capital.
b) Any nation with a trade surplus greater than half its overdraft allowance, over the course of one year, will be:
- Charged interest (negative interest) on this total
- Obliged to increase the value of currency by 5%
- Obliged to permit the export of capital
FURTHER RESOLVE that the ICU be a strictly philanthropic organisation, charged with encouraging the development of the world in an equitable manner.
NOTING the above point, and acknowledging that nations generally act in the interests of their own populace, the UN resolves that no governmental staff shall serve in the ICU, and that it shall be staffed in the manner of other NGOs (for example the Red Cross) - by volunteers.
The above will result in: capital being unable to flee from nations in major deficit to nations of major surplus – because it’s movements are blocked in one direction, but not the other – and on aggregate, nations in surplus would spend their money back into deficit nations. The present weakness of the debtor nations would no longer drive them further into dependency.