Argonath RPG - A World of its own

GTA:SA => SA:MP - San Andreas Multiplayer => SA:MP General => Topic started by: Teddy on July 19, 2015, 04:15:13 am

Title: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 04:15:13 am
Hello,

First off: this wasn't planned. It was calculated a few weeks ago that this would come and we put in some extra coding to help mitigate it once it occurred. Based on our new economy concept, no money is spawned into the server other than very limited things which can be explained in RP. Currently, the bank is below the threshold required to keep the bank operating, which is only a few million.

What comes from the bank?

Trucking payment, police payment (both to cops/suspects), fireman payments, paydays (manager)

What goes into the bank?

ATM transaction fees, sales tax, fuel price, suspect take down fine (based on criminal score), other misc fees.

How did this happen?

There was more money coming out than coming in, this is called deficit spending.

Can it get worse?

Yes, if the bank runs under $1m ARD it'll halt payment for services including trucking, police and firemen.

Can it get better?

Yes, we're currently evaluating the economyical situtation for Argonath and going to determine the best route to repair this. This might include tax increases, and reduced funding for certain jobs...

Bailout?

Theodore Enterprise bailed out the bank 3 days ago with an extensive amount of funding, which has already ran out. In RP terms, Argonath is seeking a bail out from external countries. However we need to consider the outcome of doing this.

Can you help?

Yes, /donate will donate funds to the global bank. Once it reaches the threshold it'll reopen.
Title: Re: Argonath Bank Financial Crisis
Post by: brian1996 on July 19, 2015, 05:29:33 am
I hope I can still access my bank account.
Title: Re: Argonath Bank Financial Crisis
Post by: Marcell on July 19, 2015, 05:29:49 am
I'd be glad to help if foreign donations would be possible, seeing as I have 150 millions stashed away on my bank account in Vice City  :D
Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 05:44:46 am
I hope I can still access my bank account.

You cannot access bank accounts, your money is still there just inaccessible as the bank isn't operating as it cannot afford to.

Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 05:46:19 am
Does /donate take money from hand or from your first bank account?
Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 05:47:23 am
Does /donate take money from hand or from your first bank account?

Hand.
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 06:09:23 am
your money is still there just inaccessible as the bank isn't operating as it cannot afford to.

How can it "not" afford to? Has the bank been using the money of people's private bank accounts to pay for earnings and such?
Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 06:11:03 am
How can it "not" afford to? Has the bank been using the money of people's private bank accounts to pay for earnings and such?

Are you aware of how banking works?
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 06:13:34 am
Are you aware of how banking works?

No, I'm not aware of how the bank works, how about you explain it in depth so maybe people can fully understand it.
Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 06:17:53 am
No, I'm not aware of how the bank works, how about you explain it in depth so maybe people can fully understand it.

Well I am not going to give out economics lessons for free; but in essence:

1: A customer deposits money into the bank
2: The bank lends that money to generate revenue (via loans and other methods)
3: The bank keeps some, and returns the value plus extra (from interest) to the customer.

This is how all banks around the world fundamentally survive. They don't stash your money under lock and key with your name on it, they use it to earn more money.. this is why you earn interest.. as a "reward" for letting them use your money.
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 06:34:19 am
I think you may of misunderstood my question, I know how banking works, not how the Argonath Banking system works but w/e.

Well I am not going to give out economics lessons for free; but in essence:

1: A customer deposits money into the bank
2: The bank lends that money to generate revenue (via loans and other methods)
3: The bank keeps some, and returns the value plus extra (from interest) to the customer.

This is how all banks around the world fundamentally survive. They don't stash your money under lock and key with your name on it, they use it to earn more money.. this is why you earn interest.. as a "reward" for letting them use your money.

The only way banks earn money is if there is constantly money going into them, an economic model would say that firms give individuals money but in Argonath, the central government through its bank is giving the money, how can anyone get money if the government has no way to give money? How would anyone be able to help bail out the bank if all their money is in the bank? Earnings will always be greater then returns to the state bank, I doubt anyone would actually want to donate from hand when they've just earned that money as well as be unable to retrieve their money from the bank. Assuming that there is interest, Argonath Bank would be pulling money out of people's accounts with interest, this interest obviously accumulates... how can you except an economy to run off a single supply of money, there has to be a way to inject money through RP methods (foreign investment or foreign government loaning, etc..).

As well as trying to revive the bank, how would it be achieved, everyone's money is in their bank accounts mainly.. I doubt most people actually carry their cash onhand. In order to bail out the bank you would literally have to get everyone who has cash ohand that was before the financial crisis to bail out the bank as well as a complete halt to earnings/a situation where there is more money going into the bank than coming out. I see very little hope for the state bank to be revived by such methods.

Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 06:52:26 am
How much reading on HowItworks did you have to do to formulate that reply?

There is much more comprehension involved in generating revenue streams (rply foreign investments etc), which we have already done. The problem is not where, but how much and ensuring that it's a balance and not just plain rigging. When later systems come in, importation will as well factor (including taxation of imports).

and don't get me wrong, the system is flawed.... I point this out very early on and was essentially told to just go with it. We have too realistic of a goal for an economic model without the needed elements to support such a model. This is largely due to how this is a game and not real life... it's hard to create a life-like economic system without the elements available within real world economic systems. This has always been a problem.
Title: Re: Argonath Bank Financial Crisis
Post by: Stivi on July 19, 2015, 10:28:50 am
Are loans working properly ?
Do the money coming from license purchases and dealerships going to the bank ? Is there an emergency tax ?
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 10:32:03 am
Have you been eating moussaka while scripting this? This smells like Greece :rofl:
Title: Re: Argonath Bank Financial Crisis
Post by: Sawyer on July 19, 2015, 10:45:00 am
We, Greeks, are cursed. There is no other explanation. We cannot even avoid being bankrupt in a freakin' game.  :rofl:
Title: Re: Argonath Bank Financial Crisis
Post by: Yasko on July 19, 2015, 10:54:04 am
We cannot even avoid being bankrupt in a freakin' game.  :rofl:
LOL :rofl:
Title: Re: Argonath Bank Financial Crisis
Post by: Benn on July 19, 2015, 11:03:23 am
This is what happen when TBA is the Mayor of the cities :)
Title: Re: Argonath Bank Financial Crisis
Post by: taseen11 on July 19, 2015, 11:12:34 am
I think Trane should be able to give us some advise on how to tackle this, he has previous experience.
Title: Re: Argonath Bank Financial Crisis
Post by: Cofiliano on July 19, 2015, 11:13:12 am
This is what happen when TBA is the Mayor of the cities :)
Yeah, cause countries deficit or surplus in the budget, depends on Mayors...


Time to start IMF, too bad most of the cash is invested..

If I understood you correctly, the budget is already being financed by the profit of all businesses, so how wold raising taxes, raised value, its the same cash?

Also, does drugmarket 'spawns' money, or its coming from the bank? If it spawns, there's your solution, I figure you already know that. :lol:
Title: Re: Argonath Bank Financial Crisis
Post by: Sweeper on July 19, 2015, 11:25:30 am
Are you aware of how banking works?

Are you? You wanna start a so called crisis in two minutes and freeze all bank accounts. I have never even seen a budget either.

We pay tens of dollars for a simple hamburger, yet the tax must be increased.
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 11:30:35 am
The first solution is to roll the money presses, just like any country that is not bound to others does. It may cause hyperinflation with respect to import but luckily Argonath is mainly self-sufficient.
The next thing is to seek out if there is a leak within the economy. Is all money really recirculated oris a part still disappearing down a black hole? Remember the economy model was based on not a single ARD being deleted, if that is done all money deleted should go in to the bank.
When there is a low money if a property is sold the loan has to be paid, however new loans for properties can not be given. This will refill the bank funds as well.
Finally the base of the bank system has been growth, as it is in as good as any country in the world. If the amount of new citizens (who bring influx of money on immigration) falls behind there is no growth to fund the bank. It is there for the task of all citizens to encourage immigration.
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 11:32:46 am
Maybe Bank shouldn't give out millions to truckers and nothing to the rest of the population.
Title: Re: Argonath Bank Financial Crisis
Post by: Benn on July 19, 2015, 11:40:47 am
Yeah, cause countries deficit or surplus in the budget, depends on Mayors...
Mayors would do anything to help the city grow, they can put taxes, open new jobs for people,build a financial environment in the city, help immigrants acclimate in their cities...
Mayors can do alot to help the city budget...and the cities budget are the country budget
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 11:56:00 am
Mayors would do anything to help the city grow, they can put taxes, open new jobs for people,build a financial environment in the city, help immigrants acclimate in their cities...
Mayors can do alot to help the city budget...and the cities budget are the country budget
On the other hand.... the people working at jobs have to be paid, running a city hall costs money in most cases.
I just heard that my budget will be shrunk as well, my Argonath vodka consumption has to be limited to one bottle a day. :mad:
Title: Re: Argonath Bank Financial Crisis
Post by: Andeey on July 19, 2015, 11:56:13 am
Maybe Bank shouldn't give out millions to truckers and nothing to the rest of the population.
Honestly trucking should be removed till it's used to supply stock to business owners, and the Drug system should be a good income for people wanting money.
Title: Re: Argonath Bank Financial Crisis
Post by: Exterminator on July 19, 2015, 12:07:19 pm
You could also issue treasury bonds.

Auction off large amounts of bonds at different time periods at a percent of their price, and have the bonds pay off as they mature.
Eg: Selling a bond for 980$, paying 1000$ when it matures.

Most players wouldn't mind buying these bonds, as they're pretty secure and are better than just having cash in hand. At the same time, it gives the bank some breathing room. I'd prefer this over international bailouts
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 12:10:02 pm
You could also issue treasury bonds.

Auction off large amounts of bonds at different time periods at a small percent of their price, and have the bonds pay off as they mature.
Eg: Selling a bond for 980$, paying 1000$ when it matures.
Won't work if the bonds cannot be paid for to begin with. Somewhere, money needs to be inserted, and it's obvious the bank needs some oversight/control to properly adjust to lower income situations.
Title: Re: Argonath Bank Financial Crisis
Post by: Ramis on July 19, 2015, 12:18:44 pm
We, Greeks, are cursed. There is no other explanation. We cannot even avoid being bankrupt in a freakin' game.  :rofl:

This^  :rofl:
Title: Re: Argonath Bank Financial Crisis
Post by: Exterminator on July 19, 2015, 12:20:09 pm
Won't work if the bonds cannot be paid for to begin with. Somewhere, money needs to be inserted, and it's obvious the bank needs some oversight/control to properly adjust to lower income situations.

Bonds here are intended to provide immediate relief. IRL When banks close, the economy spirals down the drain. The government issues Bonds to reopen the banks and ensure that they don't go down the drain.
Plus, they'd be great instruments for roleplay. Bonds can be sold before they mature to somebody else, creating a whole new economy to rival the share market. Not to mention the fact that bonds can be easily scripted and would probably be online in less than 24 hours (For the time being, all that really needs to be added is for them to become an 'item', and some way of giving them to players. Be it selling them inside the bank or admins/companies holding auctions to sell and transfer them), creating a instant new commodity to trade.
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 12:21:52 pm
There needs to be a implementation of some sort of monetary policy, as Gandalf mentioned.. the central bank should start adopting measures to print money as well as possibly setting an interest rate for loans.

The first solution is to roll the money presses, just like any country that is not bound to others does. It may cause hyperinflation with respect to import but luckily Argonath is mainly self-sufficient.

Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 12:24:03 pm
Bonds here are intended to provide immediate relief. IRL When banks close, the economy spirals down the drain. The government issues Bonds to reopen the banks and ensure that they don't go down the drain.
Plus, they'd be great instruments for roleplay. Bonds can be sold before they mature to somebody else, creating a whole new economy to rival the share market. Not to mention the fact that bonds can be easily scripted and would probably be online in less than 24 hours, creating a instant new commodity to trade.
Who is going to pay for the bonds with what money? We can't even get to our liquid assets right now.
Title: Re: Argonath Bank Financial Crisis
Post by: Exterminator on July 19, 2015, 12:29:13 pm
Who is going to pay for the bonds with what money? We can't even get to our liquid assets right now.

The government pays for bonds when it's stabilized. That's pretty much the point of government bonds in the first place.

War Bonds were not sold during peace time when money was plenty. War Bonds were sold when money was short. Bonds are sold when you don't have the money and instead of an international 'loan', you take one from your own people, thus ensuring that money does not go out of the country. Nobody is asking you to pay up on the bonds immediately, else there's no point to the bond.
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 12:39:26 pm
The government pays for bonds when it's stabilized. That's pretty much the point of government bonds in the first place.

I know, but that's not what I asked. What I meant was right now, if we are going to purchase bonds, with what money are we going to do so? Our bank accounts are locked and we need the money to have some financial mobility. If all liquid assets are handed to the government in the form of bonds, the government simply spends it on salaries to others. That's not solving the issue, it's maintaining the issue.

It is a unsustainable leak that needs to be fixed, not supported by bonds.
Title: Re: Argonath Bank Financial Crisis
Post by: Khm on July 19, 2015, 01:00:32 pm
People should take advantage from this rply and make protests.. if so why not get ADF in service and start a civil war. This way people will start buying food and weapons which will bring income to tge global bank (?). Not start a dm fest but organising this properly would be actually special in samp servers. I'm being serious.
Title: Re: Argonath Bank Financial Crisis
Post by: Stivi on July 19, 2015, 01:02:43 pm
From all those scammers  banned, where did the money taken from their account go ?

Title: Re: Argonath Bank Financial Crisis
Post by: .Matthew. on July 19, 2015, 01:02:56 pm
I was saying in-game how it is a nice chance to make protests. Didn't see a proper protest since years in Argonath.
Title: Re: Argonath Bank Financial Crisis
Post by: TiMoN on July 19, 2015, 01:04:16 pm
We, Greeks, are cursed. There is no other explanation. We cannot even avoid being bankrupt in a freakin' game.  :rofl:
Ban them all!

Title: Re: Argonath Bank Financial Crisis
Post by: Devin on July 19, 2015, 01:13:46 pm
Have you been eating moussaka while scripting this? This smells like Greece :rofl:

At least they could withdraw 60 euro a day.
Title: Re: Argonath Bank Financial Crisis
Post by: Pandalink on July 19, 2015, 01:26:09 pm
I hate to wave my C in economics at A-level around, but for fuck's sake this is not an issue unless you make it one. Even a basic understanding of economics would help here.

The reason that the money is "running out" is because people are going inactive with money in their accounts. The closest real life equivalent to this is people burying money in their garden. In this case, the government does not literally have a bag of cash that can run out (because everyone buried some), they will simply print more money. The equivalent ingame of that is spawning more money. If inactive players return with the money, then consider it them digging up their money in their garden. This causes inflation, which is not inherently bad. In fact, if this were a real country then there wouldn't really be any  significant downsides since we import absolutely no goods or services.

You're trying to simulate an economy or something but you're not printing any more money? What?
Title: Re: Argonath Bank Financial Crisis
Post by: Yasko on July 19, 2015, 01:26:38 pm
I was saying in-game how it is a nice chance to make protests. Didn't see a proper protest since years in Argonath.
:app:
Title: Re: Argonath Bank Financial Crisis
Post by: Sawyer on July 19, 2015, 01:49:31 pm
At least they could withdraw 60 euro a day.
If you do not burn to death by the sun waiting an hour or two in the ATM line.
Title: Re: Argonath Bank Financial Crisis
Post by: Alexander_Rijav on July 19, 2015, 02:07:08 pm
Honestly trucking should be removed till it's used to supply stock to business owners
Still waiting for this.
People should take advantage from this rply and make protests.. if so why not get ADF in service and start a civil war. This way people will start buying food and weapons which will bring income to tge global bank (?). Not start a dm fest but organising this properly would be actually special in samp servers. I'm being serious.
May be hard to keep it organised I guess but it's worth trying.
Title: Re: Argonath Bank Financial Crisis
Post by: Kostas on July 19, 2015, 02:12:31 pm
Have you considered supporting the means that get an income for the bank? And unsupporting the means that suck it all out?
EDIT: Since the income is less than the expenses of the bank, getting a loan would only slowly lead tothe situation Greece is ... I am pretty damn sure that nobody will want to RP that...
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 02:17:58 pm
Have you considered supporting the means that get an income for the bank? And unsupporting the means that suck it all out?
EDIT: Since the income is less than the expenses of the bank, getting a loan would only slowly lead tothe situation Greece is ... I am pretty damn sure that nobody will want to RP that...

I still don't see how loaning from the state bank would help, since you would be paying back the bank with the money you earned from them originally even with the interest UNLESS you use other people's money.
Title: Re: Argonath Bank Financial Crisis
Post by: Whiteman on July 19, 2015, 02:24:40 pm
This is Greece all over again.
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 02:26:59 pm
Just take the money from all inactive account (inactive since 6months+) and re-inject it in the bank.
Title: Re: Argonath Bank Financial Crisis
Post by: Axison on July 19, 2015, 02:28:58 pm
Just take the money from all inactive account (inactive since 6months+) and re-inject it in the bank.
As much as i like this idea, i've got a serious question.

What if the inactive players decide to return?
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 02:31:07 pm
Just take the money from all inactive account (inactive since 6months+) and re-inject it in the bank.

Good luck trying to flog that, when any acts of harming wealth is illegal by the constitution. :rolleyes:
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 02:31:58 pm
Good luck trying to flog that, when any acts of harming wealth is illegal by the constitution. :rolleyes:

Server development is not bound to a roleplay constitution.....
Title: Re: Argonath Bank Financial Crisis
Post by: Cofiliano on July 19, 2015, 02:33:54 pm
If we had a well earning profitable drug script, we wouldn't have this scenario.

Basic rule of all rules when it comes to global economy; dirty money makes the world go 'round.
Title: Re: Argonath Bank Financial Crisis
Post by: Pandalink on July 19, 2015, 02:35:28 pm
Server development is not bound to a roleplay constitution.....
The decision to not print money is not related to server development.

People have taken it for granted that this situation is a realistic simulation, when actually this doesn't happen in a real economy.
If you want to simulate a real economy, spawn more money.
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 02:36:38 pm
The decision to not print money is not related to server development.

People have taken it for granted that this situation is a realistic simulation, when actually this doesn't happen in a real economy.
If you want to simulate a real economy, spawn more money.

No point to spawn more money while they are millions money not being used into thousands of inactive accounts.
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 02:38:16 pm
Just take the money from all inactive account (inactive since 6months+) and re-inject it in the bank.
Which doesn't solve the problem in the long run. Raise bank income, lower bank spending = solution.
Title: Re: Argonath Bank Financial Crisis
Post by: Marcell on July 19, 2015, 02:44:14 pm
If we had a well earning profitable drug script, we wouldn't have this scenario.

Basic rule of all rules when it comes to global economy; dirty money makes the world go 'round.
It's funny cause it's true. Take Miami in 80s for example, it was relatively unknown and all it had was bunch of shitty hotels. After the colombian mobs started bringing shit there to sell, nowadays it's rich as hell and every ex-mobster can point out for you 70% of businesses there were built up from drug money.
Title: Re: Argonath Bank Financial Crisis
Post by: Cofiliano on July 19, 2015, 02:45:06 pm
Server development is not bound to a roleplay constitution.....
What's the point in developing a realistic economy, with a realistic monetary system, that can even lead to a situation like this, if the private property as the key value, and essence  of capitalism and economy, isn't fully protected?
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 02:45:55 pm
Please explain in details how drugs will solve this our problem
Title: Re: Argonath Bank Financial Crisis
Post by: Cofiliano on July 19, 2015, 02:48:39 pm
I've made a question about drugs, and you can notice a  IF in it.

Please explain me your view on the question I've made.
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 02:51:56 pm
Please explain in details how drugs will solve this our problem
Use them and you do not worry about not having money. :rofl:

On a more serious note, drugs do not spawn money and there for are useless as solution.
However an investigation from the highest economists has already shown that the Argonath bank has possibly some hidden reserves that are stored in Switzerland. Nobody touches my vodka. :gand:
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 19, 2015, 02:52:53 pm
Server development is not bound to a roleplay constitution.....

Oh yeahhhhh, roleplay matters such as money aren't affected by things such as server development with no repercussions. Do realize that any server action that affects roleplay matters is technically carried out by the state.
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 02:53:46 pm
No point to come here and post stuff with "if we had this or that" then.
Either post why it would solve our problem or don't post at all...

Fact that new players just come in, creates account that is credited each time with money and then leave without never coming back is a fact.
There is nothing wrong to have that money re-injected back into the economy.
Title: Re: Argonath Bank Financial Crisis
Post by: Benn on July 19, 2015, 03:00:59 pm
Server development is not bound to a roleplay constitution.....
Server development shouldn't have any saying on this matter.
This should be dealt with in a roleplay way and not with how you suggested
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 03:13:12 pm
Server development shouldn't have any saying on this matter.
This should be dealt with in a roleplay way and not with how you suggested

Considering some part of the script is destroying money while it shouldn't... yet it's actually a matter of server development.
If you want to fix it via roleplay, good luck, I guess we will bankrupt soon.

What is your idea to fix it while you don't even know where the problem comes from?
Title: Re: Argonath Bank Financial Crisis
Post by: Bogomil on July 19, 2015, 03:38:21 pm
I'm in a big debt. How am I supposed to pay back my money if I have no access to the main bank ?! :war: Should we all sue "the bank" ?
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 03:38:51 pm
Considering some part of the script is destroying money while it shouldn't... yet it's actually a matter of server development.
If you want to fix it via roleplay, good luck, I guess we will bankrupt soon.

What is your idea to fix it while you don't even know where the problem comes from?
It's not "destroying" money, the bank just hasn't got enough funds to operate properly. The only solution is to print (spawn) money into the bank, lower expenses, increase income.
Title: Re: Argonath Bank Financial Crisis
Post by: LeHott on July 19, 2015, 03:42:15 pm
If we had a well earning profitable drug script, we wouldn't have this scenario.

Basic rule of all rules when it comes to global economy; dirty money makes the world go 'round.

Basically what United Kingdom does, prostitution and drugs in national accounts :D
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 03:43:40 pm
It's not "destroying" money, the bank just hasn't got enough funds to operate properly. The only solution is to print (spawn) money into the bank, lower expenses, increase income.

It's destroying money, or at least not putting it in the bank while it should and making it stay "inactive".
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 03:44:27 pm
It's destroying money.
It isn't. The money goes into accounts of players. That's not destroying, is it?
Title: Re: Argonath Bank Financial Crisis
Post by: Cyril on July 19, 2015, 03:49:40 pm
It isn't. The money goes into accounts of players. That's not destroying, is it?

Didn't know you just discussed it with scripters and Gandalf :)
Some part of the script is making the money stay inactive while it shouldn't.
Money that are not in players accounts.

Are you going to keep telling me it's not destroying anything?? :s
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 03:50:39 pm
It isn't. The money goes into accounts of players. That's not destroying, is it?
Actually we have found it is destroying money. If money is paid for some things it does not go to any player or the bank, it disappeard either completely or until it is sold. This was supposed not to happen but it seems the previous team left some gaps in the economic circulation.
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 03:52:02 pm
Didn't know you just discussed it with scripters and Gandalf :)
Some part of the script is making the money stay inactive while it shouldn't.
Money that are not in players accounts.

Are you going to keep discussing it??
You don't know what I discuss and with whom :)

Also, isn't that what this topic in a public forum is for?

Actually we have found it is destroying money. If money is paid for some things it does not go to any player or the bank, it disappeard either completely or until it is sold. This was supposed not to happen but it seems the previous team left some gaps in the economic circulation.
Seems like a simple thing to fix, in that case.
Title: Re: Argonath Bank Financial Crisis
Post by: Andeey on July 19, 2015, 03:54:12 pm
Why not make people pay tax's for their  overall usages of say... vehicles, houses, Business's per month or something, help get some money into the bank
Title: Re: Argonath Bank Financial Crisis
Post by: Marcel on July 19, 2015, 03:56:14 pm
Why not make people pay tax's for their  overall usages of say... vehicles, houses, Business's per month or something, help get some money into the bank

Suggested this earlier in a topic about lower vehicle license fees:

You got this the wrong way around. There should be no vehicle licenses but a system of taxes instead. Amount of vehicles x $2500 every month, with the first license being free. Simple, transparent and will cause the people to think about the fact if they really need a second or third vehicle.
Title: Re: Argonath Bank Financial Crisis
Post by: Benn on July 19, 2015, 04:06:46 pm
Considering some part of the script is destroying money while it shouldn't... yet it's actually a matter of server development.
If you want to fix it via roleplay, good luck, I guess we will bankrupt soon.

What is your idea to fix it while you don't even know where the problem comes from?
This is an opportunaty for the government to take an international loan buy industrial areas and raise incommings more than outcommings, then pay back the international loan and live without the fear of facing another financial crisis.
but yet you prefer fixing it in a different way that concern sticking the development team into it, even though they have no saying in it, be my guest will save us time.
Now if it is destroying money just return the missing money fix the script and stick to the possibles plan and don't just spawn money into accounts.
Title: Re: Argonath Bank Financial Crisis
Post by: Exterminator on July 19, 2015, 04:35:10 pm
Actually we have found it is destroying money. If money is paid for some things it does not go to any player or the bank, it disappeard either completely or until it is sold. This was supposed not to happen but it seems the previous team left some gaps in the economic circulation.

That'd fix some problems, but Panda and Cyril have already pointed out another one. Money going into accounts that never log on again is pretty close to a leak, as the money never returns into circulation.

Instead of just printing money though, there could be a script that automatically takes any money from a player that's inactive for over six months and puts it into Argobank's secondary/reserve account. If the player ever comes back, the money is refunded, unless the reserve is too low to refund the money. This way the dead money always remains in circulation.
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 04:40:26 pm
That'd fix some problems, but Panda and Cyril have already pointed out another one. Money going into accounts that never log on again is pretty close to a leak, as the money never returns into circulation.

Instead of just printing money though, there could be a script that automatically takes any money from a player that's inactive for over six months and puts it into Argobank's secondary/reserve account. If the player ever comes back, the money is refunded, unless the reserve is too low to refund the money. This way the dead money always remains in circulation.
The majority of inactive accounts are from players that do not have a lot of assets, most are new accounts who do not stick around.
This does not diminish the money in circulation there for is not a threat.
Aslo if a player goes inactive all the script needs to do is put any cash money in to the bank account for it to add into the reserves of ArgoBank, no need to strip wealth.
Title: Re: Argonath Bank Financial Crisis
Post by: Pandalink on July 19, 2015, 04:48:21 pm
Fact that new players just come in, creates account that is credited each time with money and then leave without never coming back is a fact.
There is nothing wrong to have that money re-injected back into the economy.
There is also nothing wrong with injecting the money back into the economy without removing it from the accounts.

0% inflation is not a realistic model for an economy.
Title: Re: Argonath Bank Financial Crisis
Post by: jannik852 on July 19, 2015, 04:58:16 pm
Just print new money, and get this crisis over with.
It's a freaking game, remember that - all of you's.
Title: Re: Argonath Bank Financial Crisis
Post by: Teddy on July 19, 2015, 05:07:28 pm
The financial crisis is over and the bank has re-opened for the public. I'll continue to monitor the economy nightly in order to determine the effectiveness of our patch.
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 05:08:01 pm
There is also nothing wrong with injecting the money back into the economy without removing it from the accounts.

0% inflation is not a realistic model for an economy.
Which is why the influx of new players creates more money in circulation, with more active players and regular influx of new ones the amount of money increases allowing for inflation.
Another reason for active players to welcome new players and keep them playing  ;)
Title: Re: Argonath Bank Financial Crisis
Post by: jannik852 on July 19, 2015, 07:46:28 pm
Which is why the influx of new players creates more money in circulation, with more active players and regular influx of new ones the amount of money increases allowing for inflation.
Another reason for active players to welcome new players and keep them playing  ;)
We can not only rely on new players, even though we should - it would take way more than only a few joining.

Perhaps making printed money go through a tough lottery system, or make the tickets very expensive; might be available to throw some money in the bucket?
Title: Re: Argonath Bank Financial Crisis
Post by: TiMoN on July 19, 2015, 07:50:32 pm
We can not only rely on new players, even though we should - it would take way more than only a few joining.

Perhaps making printed money go through a tough lottery system, or make the tickets very expensive; might be available to throw some money in the bucket?
Payments should incur taxes, such a when a trucker delivers a product, some of what he is paid goes to the bank of the city he is in. I suppose government workers could be exempt of this.
Title: Re: Argonath Bank Financial Crisis
Post by: jannik852 on July 19, 2015, 07:56:48 pm
A bright suggestion for taxes strolled through my head:
What if the state take 5% from your Bank account and 15% from your hand, this could be due to hospitals bills etc.
This might prevent individuals taking actions in DM aswell?
If you get my idea - perhaps this could make the people remember to deposit their money?
Title: Re: Argonath Bank Financial Crisis
Post by: Kostas on July 19, 2015, 08:13:13 pm
Actually ... the whole economy is VERY fucked up... Idk whose idea was to organise it like that. Want a simple example?
House loans... I get a 100k loan to buy a house, 100k from teh banks gets to my hands and then back to the bank immediatelly coz I bought the house. Then I'd work as a trucker, regain the needed amount ... say 110k, and pay back from my loan. So in simple words, I'd get 110k from the bank through trucking, and then return it to the bank to repay my loan... I like the whole... No money to be spawned policy, BUT, this is far from how the economy really works. I get the whole ... money circulates, but too many factors are missing here.
Title: Re: Argonath Bank Financial Crisis
Post by: Caesar. on July 19, 2015, 09:51:40 pm
The financial crisis is over and the bank has re-opened for the public. I'll continue to monitor the economy nightly in order to determine the effectiveness of our patch.
Great news, i hope it won't happen again. :D
Title: Re: Argonath Bank Financial Crisis
Post by: Gandalf on July 19, 2015, 10:06:08 pm
Actually ... the whole economy is VERY fucked up... Idk whose idea was to organise it like that. Want a simple example?
House loans... I get a 100k loan to buy a house, 100k from teh banks gets to my hands and then back to the bank immediatelly coz I bought the house. Then I'd work as a trucker, regain the needed amount ... say 110k, and pay back from my loan. So in simple words, I'd get 110k from the bank through trucking, and then return it to the bank to repay my loan... I like the whole... No money to be spawned policy, BUT, this is far from how the economy really works. I get the whole ... money circulates, but too many factors are missing here.
Hmm... in real life you take a loan from the bank, then pay it to the bank of the owner to buy it. When you work your salary goes in to your bank account and from that you repay the bank loan. Hoe is that different apart from that we have a single bank?
Title: Re: Argonath Bank Financial Crisis
Post by: Kostas on July 19, 2015, 10:31:03 pm
Well first of all the fact that there are more banks does count, but this is not my point. First of all, IRL money circulates around people, while the bank takes part in some of the transactions ofcourse. What is also missing is the interaction with other countries/states and so on. I know that most of the income of the island that I live in is actually foreign, and a great percentage of it, also ends up being spent away from it(the island). I haven't studied economics ofcourse, but the system that we have looks very simple, therefor it lacks a lot, and therefor it obviously doesn't function that well. The state has no debts to any other states, therefor it doesn't really make sense for its bank to be in trouble, does it?
Title: Re: Argonath Bank Financial Crisis
Post by: Marcell on July 19, 2015, 11:15:32 pm
I know I'll probably come off as real stupid, but wouldn't it be good if you'd start losing non-deposited funds after long inactivity? That way bank would have more money it could use in situations like those, as players would be forced to deposit their cash? This would be also less extreme than Cyril's idea of *stealing* cash from people who went inactive, since it would be their fault they didn't deposit it first
Title: Re: Argonath Bank Financial Crisis
Post by: Cofiliano on July 20, 2015, 11:38:30 am
A bright suggestion for taxes strolled through my head:
What if the state take 5% from your Bank account and 15% from your hand, this could be due to hospitals bills etc.
This might prevent mafias taking actions in DM aswell?
If you get my idea - perhaps this could make the people remember to deposit their money?
Yes its all about mafias DMing that's the problem, even when it comes to financial crisis.
Title: Re: Argonath Bank Financial Crisis
Post by: jannik852 on July 20, 2015, 11:57:03 am
Yes its all about mafias DMing that's the problem, even when it comes to financial crisis.
Im sorry, did I hurt your feelings?
Anyhow, I will correct it - as it's clearly a general problem, between all types of players.
Title: Re: Argonath Bank Financial Crisis
Post by: Duel on July 20, 2015, 08:10:46 pm
Make toll gates with different prices on main roads leading to other areas. And if they don't want to pay, they can use an alternative but longer route to get to their destination.. Yes it would generate probably a low amount of cash, but its better than nothing, and every penny counts, right? And all that cash that is paid, goes straight to the bank.
 FYI; It's an idea, do not attack me.
Title: Re: Argonath Bank Financial Crisis
Post by: AK47 on July 20, 2015, 08:14:21 pm
Make toll gates with different prices on main roads leading to other areas. And if they don't want to pay, they can use an alternative but longer route to get to their destination.. Yes it would generate probably a low amount of cash, but its better than nothing, and every penny counts, right? And all that cash that is paid, goes straight to the bank.
 FYI; It's an idea, do not attack me.

yes to tolls
Title: Re: Argonath Bank Financial Crisis
Post by: LeHott on July 20, 2015, 08:16:47 pm
Make toll gates with different prices on main roads leading to other areas. And if they don't want to pay, they can use an alternative but longer route to get to their destination.. Yes it would generate probably a low amount of cash, but its better than nothing, and every penny counts, right? And all that cash that is paid, goes straight to the bank.
 FYI; It's an idea, do not attack me.

I personally LOVE the idea, I think this could even lead to new RP groups working at the pay tolls..

However, I don't think Corleone Mafia will like pay tolls  :D :lol:



(http://bamfstyle.files.wordpress.com/2013/12/gfsd-car-41lc57a-before.jpg)
Title: Re: Argonath Bank Financial Crisis
Post by: TheRock on July 20, 2015, 08:27:06 pm
I feel proud to see I am not the only one living through a crisis!!

 :lol: :lol:
Title: Re: Argonath Bank Financial Crisis
Post by: psyron on July 20, 2015, 08:27:37 pm
(http://bamfstyle.files.wordpress.com/2013/12/gfsd-car-41lc57a-before.jpg)

this scene though  :neutral2:
Title: Re: Argonath Bank Financial Crisis
Post by: Spike. on July 20, 2015, 08:35:35 pm
Make toll gates with different prices on main roads leading to other areas. And if they don't want to pay, they can use an alternative but longer route to get to their destination.. Yes it would generate probably a low amount of cash, but its better than nothing, and every penny counts, right? And all that cash that is paid, goes straight to the bank.
 FYI; It's an idea, do not attack me.

And police can close them down during pursuits :D
Title: Re: Argonath Bank Financial Crisis
Post by: PulseEffect on July 20, 2015, 09:42:15 pm
Let's just privatize Argonath Bank, because why not.
Title: Re: Argonath Bank Financial Crisis
Post by: AK47 on July 20, 2015, 09:51:59 pm
this scene though  :neutral2:

(http://i.imgur.com/4RFVCJg.jpg)
Title: Re: Argonath Bank Financial Crisis
Post by: Mr. Goobii on July 21, 2015, 06:30:58 am
(http://i.imgur.com/4RFVCJg.jpg)

HAHA!

This is what is going to happen to every mafia when they refuse to pay the toll.
SimplePortal 2.3.7 © 2008-2025, SimplePortal