Credit crunch

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Credit crunch
Topic Started: Oct 29 2008, 12:31 AM (67 Views)
Admin account	Oct 29 2008, 12:31 AM Post #1
Member Posts: 11 Group: Admins Member #32 Joined: Oct 7, 2008	Part 1: The global financial crisis has continued as food and fuel rise in price again last month with oil crashing through the $120, $130 and $135 marks in less than a month with no sign of slowing down, while food anf fuel dominate the media headlines industry is also suffering as basic idustrial chemicals dramatically increase in price the most extreme being the 6 fold increase in suphuric acid since lat year, the acid is needed in the production of steel, copper and bioethanol. These price rises have forced global inflation to the highest level since records began. OOC: Will be updated as the credit crunch unfolds.



Peoples Republic of China	Oct 29 2008, 02:25 AM Post #2
Hyper Power Posts: 2,581 Group: Members Member #12 Joined: Oct 2, 2008	Admin account Oct 29 2008, 12:31 AM Part 1: The global financial crisis has continued as food and fuel rise in price again last month with oil crashing through the $120, $130 and $135 marks in less than a month with no sign of slowing down, while food anf fuel dominate the media headlines industry is also suffering as basic idustrial chemicals dramatically increase in price the most extreme being the 6 fold increase in suphuric acid since lat year, the acid is needed in the production of steel, copper and bioethanol. These price rises have forced global inflation to the highest level since records began. OOC: Will be updated as the credit crunch unfolds. OOC Do we really have to do the economic crisis ingame? Wont this benefit me since I export tons of all of that stuff.



United States	Oct 29 2008, 11:04 AM Post #3
Administrator Posts: 8,494 Group: Admins (NATO) Member #1 Joined: Sep 28, 2008 Currency US Dollar Capital Washington D.C. Population 305,339,000 GDP (Nominal) $13.794 trillion Nominal Per Capita $43,594	OOC: Yes because it was inevitable at this point in time.



Montenegro	Oct 29 2008, 11:08 AM Post #4
Smily Herder Posts: 6,401 Group: Admins Member #4 Joined: Sep 30, 2008 Currency Euro (€) Capital Podgorica Population 684,736 (July 2007 Est.) GDP (Nominal) $3,557,000,000 (World Bank 2007) Nominal Per Capita $5,928 (World Bank 2007)	OOC: And I switched to Montenegro because of it.



Japan	Oct 29 2008, 11:11 AM Post #5
Hot and Runny Posts: 3,104 Group: World Council Member #8 Joined: Oct 2, 2008 Currency Yen 円 Capital Tokyo Population 127,433,494(2007 census) GDP (Nominal) $4.886 trillion(2007 Estimate) Nominal Per Capita $38,341	OOC: Buggerz -.-



Peoples Republic of China	Oct 29 2008, 11:48 AM Post #6
Hyper Power Posts: 2,581 Group: Members Member #12 Joined: Oct 2, 2008	United States Oct 29 2008, 11:04 AM OOC: Yes because it was inevitable at this point in time. OOC Is that enough of a excuse to kill the game. Members will probably come on much less thanks to the fact that they are extremely limited as to what they can do.



Montenegro	Oct 29 2008, 11:50 AM Post #7
Smily Herder Posts: 6,401 Group: Admins Member #4 Joined: Sep 30, 2008 Currency Euro (€) Capital Podgorica Population 684,736 (July 2007 Est.) GDP (Nominal) $3,557,000,000 (World Bank 2007) Nominal Per Capita $5,928 (World Bank 2007)	OOC: It'll make the game more challenging. And it will give us all more things to do.



United States	Oct 29 2008, 11:59 AM Post #8
Administrator Posts: 8,494 Group: Admins (NATO) Member #1 Joined: Sep 28, 2008 Currency US Dollar Capital Washington D.C. Population 305,339,000 GDP (Nominal) $13.794 trillion Nominal Per Capita $43,594	OOC: It means more things to right about and when we had the credit crunch in Mark 2 it was the most active time the game has ever seen.



Japan	Oct 29 2008, 12:00 PM Post #9
Hot and Runny Posts: 3,104 Group: World Council Member #8 Joined: Oct 2, 2008 Currency Yen 円 Capital Tokyo Population 127,433,494(2007 census) GDP (Nominal) $4.886 trillion(2007 Estimate) Nominal Per Capita $38,341	Brazil, if you're saying a credit crunch IG would kill the game, are you implying that IRL we're all doomed?



Peoples Republic of China	Oct 29 2008, 12:56 PM Post #10
Hyper Power Posts: 2,581 Group: Members Member #12 Joined: Oct 2, 2008	Japan Oct 29 2008, 12:00 PM Brazil, if you're saying a credit crunch IG would kill the game, are you implying that IRL we're all doomed? OOC No. In real life we have guys who spend all of there time trying to fix this. We are just a bunch of people who play a game.



Germany	Oct 29 2008, 03:35 PM Post #11
Obsessed Posts: 5,723 Group: Admins (NATO) Member #3 Joined: Sep 30, 2008 Currency Euro Capital Berlin Population 82,314,900 GDP (Nominal) $3,322 trillion Nominal Per Capita $40,415	OOC: The credit crunch was inevitable by this point, we could always delay it but the longer we leave it the worse it'll be so we might as well do it now. Anyway, it's a good world event, gives people something to do.



Peru	Oct 29 2008, 10:41 PM Post #12
Super Power Posts: 1,357 Group: Members (NATO) Member #10 Joined: Oct 2, 2008	OOC: Does someone actually have a response that will work that isn't 'oh god no, we condemn this, we'll get back to you?' Brazil is right, we're not going to come up with something comprehensive to stop it. This is a game and not as in-depth.



Russian Federation	Oct 29 2008, 11:30 PM Post #13
Smily Herder Posts: 7,158 Group: Admins Member #2 Joined: Sep 29, 2008	The Russian government has announced that it will take firm action to lower costs to Russian citizens and corperations, given Russia's abundence of natural resources lack of them shouldn't be something Russians are facing. Among the measures are plans to up production in the primary sector of the Russian economy. Also plans are under way to use the sulphur extracted from oil and gas in Hydrodesulfurization to form sulphuric acid to up Russian production.



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