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International Banking Summit


AironthFlamewing

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Erich presents a baffled expression, [i]"Cost? Must there be a monetary cost? As as for the rather limited audience we do have, this is an idea of tremendous proportions & understand that like anything there is a start. The momentum of such an organization would soon include a world quickly unwilling to find itself counted out of an efficient global system."[/i]

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Chadwick looked at the man in deep admiration. "How then do you propose sir that we get this organization off the ground and what's further how does this organization protect itself from the influence of lobbyists and multinational corporations such as yourself. I mean no disrespect sir but the question begs asking.

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"Cost has to do directly with the economy, it has everything to do with this Trade Federation. If it seems to cost to much with no profit many nation will not join. With no money there could not be a Federation set up, everything in today's world has to do with the "cost"."

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"Mr. Honecker," the Portuguese rep said before taking a sip of coffee. "What you are suggesting is something Portugal simply cannot agree to. The nations here simply have no influence in this world, with the possible exception of Great Britain. What you suggest would force Portugal to trade with it's worst enemy, to allow the English to do business in Portugal, which, I may remind you, has been outlawed by Lisbon. If this is created, then Portugal will have no part in this."

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Chadwick turned on his heel to the Portuguese Representative and smiled gently, "Every nation would remain its own independent state naturally my friend. You have full and free authority to trade with who you wish, In my eyes however, the organization would work the way one for Petroleum Exporting Nations would. The member states meet once or twice a year and set policy/prices for goods/economic law and theory and then go about their merry way after conducting business."

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Representative Cao showed up at the conference, "What I do not understand about capitalists is how they profess so strongly to believe in competition.. and then when it comes to competing, they're suddenly begging the world to work together towards 'harmony'. I tell you now that China has prepared for the world of sharks. We have hoarded our resources and built our great wonders. We think that this attempt at unity under capitalist ideology is a demonstration of just how in shambles those societies which rely upon such a ship of economy and state have fallen."

"Our currency.. is backed by resources.. and our works. What are yours based on gentlemen.. but the purest of speculation?" Cao shook his head.

"That said... I thought this discussion might prove productive, but it does not seem that is the case. So if this is all we have been called here to discuss..." Cao stood from the table.. and spoke on his way out. "Socialize your states, then we'll talk more. We'll co-operate when you have something to offer that isn't pure fiat."

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Representative Cao, The United Kingdom of Idaho-Montana on a local level is a "socialist" state where the government has influence over the workings of industry. In that government does back industry with resources just as yours does. so your nation and mine are not that different on the grand scale.

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[quote name='Maelstrom Vortex' timestamp='1295061844' post='2575671']
Representative Cao showed up at the conference, "What I do not understand about capitalists is how they profess so strongly to believe in competition.. and then when it comes to competing, they're suddenly begging the world to work together towards 'harmony'. I tell you now that China has prepared for the world of sharks. We have hoarded our resources and built our great wonders. We think that this attempt at unity under capitalist ideology is a demonstration of just how in shambles those societies which rely upon such a ship of economy and state have fallen."

"Our currency.. is backed by resources.. and our works. What are yours based on gentlemen.. but the purest of speculation?" Cao shook his head.

"That said... I thought this discussion might prove productive, but it does not seem that is the case. So if this is all we have been called here to discuss..." Cao stood from the table.. and spoke on his way out. "Socialize your states, then we'll talk more. We'll co-operate when you have something to offer that isn't pure fiat."
[/quote]
[i]"Yeah, no thanks. Midwest Republic's government has little control over our economy, and its working quite fine except for the occasional companies that think its okay to monopolize stuff. Also, nice job on being an egotistic. That really helps in diplomacy."[/i] Hock thought to himself.

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[quote name='HHAYD' timestamp='1295063166' post='2575695']
[i]"Yeah, no thanks. Midwest Republic's government has little control over our economy, and its working quite fine except for the occasional companies that think its okay to monopolize stuff. Also, nice job on being an egotistic. That really helps in diplomacy."[/i] Hock thought to himself.
[/quote]

"Would you be willing to trade with Orrilea anytime? We are located in Mongolia. You think your nation better than all others, this is not the case."

Samantha got up and walked outside to call someone

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[quote name='jimmyv' timestamp='1295063581' post='2575703']
"Would you be willing to trade with Orrilea anytime? We are located in Mongolia. You think your nation better than all others, this is not the case."

Samantha got up and walked outside to call someone
[/quote]
OOC: Hock hasn't said anything about Midwest Republic.

Edited by HHAYD
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[quote name='HHAYD' timestamp='1295064548' post='2575721']
OOC: Hock hasn't said anything about Midwest Republic.
[/quote]

[quote][color=#1C2837][size=2][i]Midwest Republic's government has little control over our economy[/quote][/i][/size][/color]
[color=#1C2837][size=2][i]
[/i][/size][/color]
[size="2"][color="#1C2837"]OOC: Yes you have but that has nothing to do with what i said[/color][/size]

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[quote name='jimmyv' timestamp='1295065033' post='2575729']
[/i][/size][/color]
[color=#1C2837][size=2][i]
[/i][/size][/color]
[size="2"][color="#1C2837"]OOC: Yes you have but that has nothing to do with what i said[/color][/size]
[/quote]
[quote name='HHAYD' timestamp='1295063166' post='2575695']
[i]"Yeah, no thanks. Midwest Republic's government has little control over our economy, and its working quite fine except for the occasional companies that think its okay to monopolize stuff. Also, nice job on being an egotistic. That really helps in diplomacy."[/i] [b]Hock thought to himself.[/b]
[/quote]
OOC: He [b]thought[/b] to himself, not said it out loud.

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[quote name='HHAYD' timestamp='1295065144' post='2575731']
OOC: He [b]thought[/b] to himself, not said it out loud.
[/quote]


[quote][color=#1C2837][size=2][i]That really helps in diplomacy.[/quote][/i][/size][/color]
OOC: Sorry i thought that was the only part he thought to himself

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Samantha walked back into the room and began to speak. "I just updated our High Council on the current situation of this meeting and they are not pleased. With several large economic powers refusing to even show up here the High Commander believes that the world is not ready for a Trade Federation. As such Orrilea will be withdrawing from this meeting immediately. If there are any questions regarding Orrilea feel free to send a message our way and we will meet and discuss whatever is needed. Goodbye"

Samantha walks out of the room and steps inside her vehicle.

"It could have worked, but they are not ready for it yet. What a shame" She thought to herself

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Hock stood up and spoke; "I think this organization should take little steps at a time, not one big ones. I propose that our first actions would be creating, agreeing on common international laws regarding competition, and then enforcing the laws together. The laws should be regarding monopolies, price-fixing, fraud, money laundering, tax evasions; anything that regards to competition and finance. Once we have a large enough membership, then we can take additional steps."

Edited by HHAYD
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[quote name='graniteknight' timestamp='1295067878' post='2575761']
I am in agreement with both of you gentlemen, now how do we go about it, how do we start the physical labor as opposed to just talking about doing it.
[/quote]
"We could create a subcommittee, preferably appointing financial lawyers, anyone that knows their country's business and financial laws very well. The subcommittee would then receive lists of all of the participating countries' laws. From there, they would debate and agree on what laws would be recognized as international laws. When they complete the list of proposed laws, it will be submitted to the main committee and it will debate, revise, and then vote on the list. The only issue I see is member countries not assisting in enforcing the common international economical laws." Hock replied.

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[quote name='graniteknight' timestamp='1295068445' post='2575770']
Could we conceivably add a penalty system as well? where those who are member nations but do not help enforce the laws get punished somehow?
[/quote]
"Hm, we can declare such member as an "Observant" with a majority vote, therefore barring that country from the organization's debate and voting sessions until it agrees to enforce the laws. Maybe toss in economic sanctions if the member becomes offensive enough, and eventually expulsion if the offending member keeps up its poor behavior."

Edited by HHAYD
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[quote name='graniteknight' timestamp='1295069869' post='2575790']We could find this a useful tool to control those who shirk their duties[/quote] “What’s stopping offending nations from merely trading outside the sphere of this proposed global Trade Federation?”


[b]*Flashback Procinctian Announcement, earlier that day*[/b]
Procinctia, lacking banks or national currency, will still attend the International Banking Summit.

Catalina Martinez, interim Procinctian administrator, the sole official of ProcinctiaÂ’s interim government, will represent Procinctia.
(Assume Catalina was in attendance at the beginning of this conference)

Edited by Generalissimo
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That is exactly what was discussed earlier Madame Martinez, a system of penalties whereas signatory member nations to the Trade Federation would be punished if they do not follow the rules that are set up, mind you naturally each member nation has a voice in the rules meaning that choosing not to participate in something THEY built and incurring penalties for doing so seems counter-intuitive.

OOC: sorry if that's a jumbled mass of thoughts, I should be in bed but cannot sleep basically members hurt themselves by not participating in something they built up

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