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Author Topic: Department of the Treasury  (Read 2647 times)
Bono
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« on: March 15, 2006, 04:36:46 PM »

This will for the rest of my tenure be the thread for announcements regarding monetary policy or other treasury business. While I still don't have all the data I requested from the GM, i don't think it is apropriate to hold business any longer, so here is this week's order of business:

1) Increase interest rates by 0.5% to 4.25%

2) raise the required reserve rate by 0.25%

3) Have the Reserve sell $600 Million in bonds and securities.

4) Arrange the purchasing of a ton of gold for the fed's reserves.
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TeePee4Prez
Flyers2004
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« Reply #1 on: March 17, 2006, 05:37:38 PM »

I have issues with #3.  I don't like increases in the federal deficit.  It seems most of those securities will be held in foreign hands.  What do you propose we do to stem this rising tide?
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Bono
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« Reply #2 on: March 17, 2006, 05:45:50 PM »

I have issues with #3.  I don't like increases in the federal deficit.  It seems most of those securities will be held in foreign hands.  What do you propose we do to stem this rising tide?

I reduced the value of bonds and securities being sold a lot from my predecessors.
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Bono
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« Reply #3 on: March 31, 2006, 11:50:06 AM »

So new order of business:

1) Increase the interest rate by 0.75% to 5%

2) Raise the required reserve rate by 1%.

3) HAve the Reserve sell $400 Million in bonds and securities.

4) Purchase one more ton of gold.


I understand that these may be considered harsh measures, but I must protect the economy against the inflationary pressure that will come when the senate passes the new minimum wage.
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TeePee4Prez
Flyers2004
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« Reply #4 on: April 01, 2006, 10:10:49 PM »

So new order of business:

1) Increase the interest rate by 0.75% to 5%

2) Raise the required reserve rate by 1%.

3) HAve the Reserve sell $400 Million in bonds and securities.

4) Purchase one more ton of gold.


I understand that these may be considered harsh measures, but I must protect the economy against the inflationary pressure that will come when the senate passes the new minimum wage.

I don't think the minimum wage will increase inflationary pressures, but I agree with you on raising the interest rate to cool off the housing market.
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Bono
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« Reply #5 on: April 11, 2006, 11:43:14 AM »

Here we go again:

1) Increase the interest rate by 0.50% to 5,5%

2) Raise the required reserve rate by 1%.

3) HAve the Reserve sell $700 Million in bonds and securities.

4) Purchase one more ton of gold.

Also, it'd be nice to get some feedback from the GM.
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Јas
Jas
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« Reply #6 on: April 24, 2006, 01:21:04 PM »

As required by the Regional Quarters Extension Bill, I submit to you, the Secretary of the Treasury, that the decision of the Midwestern people is that the regional quarters should be Midwest-shaped.
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Bono
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« Reply #7 on: April 24, 2006, 02:04:07 PM »
« Edited: April 24, 2006, 02:42:14 PM by Bono »

1) Increase the interest rate by 0.50% to 6%

2) Raise the required reserve rate by 2%.

3) HAve the Reserve sell $500 Million in bonds and securities.

4) Purchase one more ton of gold.

Also, your submission is aknowledged, Governor Jas.

I am also very pleased to report that inflation is responding well to my shock therapy.
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jokerman
Cosmo Kramer
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« Reply #8 on: April 24, 2006, 07:02:22 PM »

Why don't we moderate our tightening of the money supply now that inflation is down but economic growth is being slightly stiffled?
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Democratic Hawk
LucysBeau
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« Reply #9 on: April 24, 2006, 07:08:23 PM »


I am also very pleased to report that inflation is responding well to my shock therapy.

I trust it is given that interest rates have risen from 3.75% to 6.0% since 15 March 2006. Never mind, I'm sure many hard working Atlasians can keep the same amount of food on the table, while they struggle with their mortgages

Or are home repossessions a price well worth paying to keep inflation down?

'Hawk'
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Bono
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« Reply #10 on: April 25, 2006, 03:15:30 AM »

Why don't we moderate our tightening of the money supply now that inflation is down but economic growth is being slightly stiffled?

Actualy, at least until I get the April numbers and probably after them, unless they come as a complete surprise, interest rates will stay where they are for a while.
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Bono
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« Reply #11 on: May 21, 2006, 03:27:13 AM »

1) Increase the interest rate by 0.75% to 6.75%

2) Raise the required reserve rate by 4%.

3) Have the Reserve sell $700 Million in bonds and securities.

4) Purchase two more tonnes of gold.

I apologise for my absense lately.
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Democratic Hawk
LucysBeau
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« Reply #12 on: May 21, 2006, 11:10:09 AM »

1) Increase the interest rate by 0.75% to 6.75%


Given your consistent hikes in interest rates Mr Secretary, lets just say I look forward to the day when the Corporate Benevolent Funds are in full swing, at which time firms party to such schemes will be able to borrow for the purposes of expanding at a more affordable rate of interest

Of course, on a more positive note, such increases will provide an incentive to save

'Hawk'
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Bono
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« Reply #13 on: May 21, 2006, 01:45:41 PM »

1) Increase the interest rate by 0.75% to 6.75%


Given your consistent hikes in interest rates Mr Secretary, lets just say I look forward to the day when the Corporate Benevolent Funds are in full swing, at which time firms party to such schemes will be able to borrow for the purposes of expanding at a more affordable rate of interest

Of course, on a more positive note, such increases will provide an incentive to save

'Hawk'

And I look forward for a day when people living on fixed incomes, or families putting together an egg's nest, won't have to risk their money in wild schemes to avoid the delapidation in the value of their money caused by a fiscally irresponsible mentality.
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Bono
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« Reply #14 on: June 07, 2006, 02:37:23 PM »

1) Increase the interest rate by 1% to 7.75%

2) Raise the required reserve rate by 5%.

3) Have the Reserve sell $900 Million in bonds and securities.

4) Purchase three more tonnes of gold.
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jokerman
Cosmo Kramer
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« Reply #15 on: June 08, 2006, 01:46:58 PM »

Is this necessary?
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Bono
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« Reply #16 on: June 08, 2006, 01:56:24 PM »


I've been away for a while, so this seems like a lot, but it's just because it wasnt done in smal steps.
Interest rates will stay there until a new GM gets appointed, or until I get kicked out, whichever happens first.
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Bono
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« Reply #17 on: June 29, 2006, 04:14:03 AM »
« Edited: June 29, 2006, 04:30:42 AM by Bono »

This is very tentative, and if inflation gets back up it's gonna be rolled back but:

1) Decrease the interest rate by .25%% to 7.5%

2) Maintain the required reserve rate..

3) Have the Reserve sell $800 Million in bonds and securities.

4) Purchase one more tonne of gold.
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