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+---- Thread: FAILED: International Trade Currency (/showthread.php?tid=1075)
FAILED: International Trade Currency - Paradica - 05-22-2007
International Trade Currency
A resolution to reduce barriers to free trade and commerce.
Category: Free Trade
Strength: Mild
Proposed by: Remba
Description: AWARE of the multitude of currencies existing in the world;
CONCERNED with the difficulty in negotiating multi-national trades requiring numerous currencies being exchanged;
FIRMLY BELIEVING that easing of trade difficulties will help all peoples of the world and all nations of the world;
RESPECTING the national sovereignty of member nations and their attachment to their own, native currencies;
ESTABLISHES the World Bank which will standardize international exchange rates though a common free market exchange;
CREATES the International Credit as the standard for all international trade;
CHARGES the World Bank with the responsibility of creating a free market for the exchange of local national currency to the International Credit;
IN LIEU OF direct UN funding:
-PERMITS the World Bank to assess minimal fees on exchanges, but limits those fees to the minimum needed to maintain the World Bank;
-ELIMINATES these fees should alternative funding be passed by the UN;
REQUIRES all member nations to accept and honor the rates posted by the World Bank;
STRONGLY URGES member nations to use the International Credit and the World Bank for all international trade;
URGES corporations to use the International Credit and the World Bank for all international trade;
ALLOWS private citizens to make use of the International Credit and the World Bank;
RECOMMENDS but does not require member nations to switch to the International Credit for all intra-national exchange as well.
FAILED: International Trade Currency - Antrium - 05-22-2007
I'm FOR. But seeing as we just started the Conargo program, there's no way we'll be switching to the International Credit.
And is this legal?:
Quote: -ELIMINATES these fees should alternative funding be passed by the UN;[/quote]
Isn't that mentioning something that would be in the future?
FAILED: International Trade Currency - Paradica - 05-23-2007
Well, the mods didn't delete it after multiple challenges, so I suppose it is.
FAILED: International Trade Currency - Antrium - 05-25-2007
Note: I'll probably have to vote on this, as it doesn't appear the region is transferring power very quickly. I'll cast the region's vote Saturday, assuming there isn't a sudden surge of activity and New Anonia is made Delegate. (Although I do hope that happens...)
FAILED: International Trade Currency - Embolalia - 05-26-2007
I'm not sure on this one. It's obviously a very divided issue, judging by the vote. (4,194 to 4,391 right now). I'm kind of iffy, but I'm leaning against. I think it's kind of worthless. I just don't see the need for it. I'm going to cast my vote AGAINST on this one.
FAILED: International Trade Currency - Antrium - 05-26-2007
The voting ends today, and I'm still delegate, so I'll vote:
For [ 2 ] [66.67%]
Against [ 1 ] [33.33%]
Abstain [ 0 ] [0.00%]
FOR. I might check back before the end of the night to make sure that it doesn't tie up, but I don't know if I'll have time.
FAILED: International Trade Currency - Grosseschnauzer - 05-28-2007
I would have abstained, since while I do agree with the general concept of a uniform system of currency exchange, I haven't had a chance to evaluate this proposal in particular. And I'm still undecided about the IDU Conagra currency s well, since the schnauzerlands already have adopted their own common currency.
FAILED: International Trade Currency - Antrium - 05-28-2007
The resolution "International Trade Currency" was defeated 7,021 votes to 5,154.
I didn't see the second against vote before I voted, so it stayed FOR, but it doesn't really matter.