IaN - OPAL

Pacifica
, , ,
14

“Act on Ascertaining the Liquidity Crisis” (Simulacra Package) (Updated Feb 19th)

Authors:

  • Lead Representative of the Plenary Committee: Claire Renske (leader of ADLA)
  • Commission for Legislative Consultation, Deliberation & Excogitation: Jonas Val (leader of UML)

Independent Agency for Documentation:Department of OPAL

Prepared by: Ayala Moran

Revision prepared by: Ayala Moran

Lower House In Favour (Total Votes): 221
Lower House Against (Total Votes): 0
Lower House Active Abstains (Total Votes): 4

Upper House In Favour (Total Votes): 529
Upper House Against (Total Votes): 4
Upper House Active Abstains (Total Votes): 32

Date Bill is presented: 02.15.2024.
Date Act was enacted: 02.19.2024.
Date Act is enforced: 02.20.2024. (until 08.20.2024.)

Liquidizing “static” capital & assets:

  1. All foreclosed assets are to be subject to inventory stock re-management in the form of creating self-billing invoices.
  2. Inventory equipment, which is not in active production use, must be listed as as a leasing offering publicly. Auctioned & pay-processed through EDI invoicing.
  3. Rental, Estate and Production Factor properties which are not in active production are to undergo re-management and restructuralisation reconstructed by issuing of statement-bond Vouchers Internally (to all employees); Which are the free to manage the physical asset, and in the case of internal(trade, domestically) transactions through the use of Evaluated Receipt Settlements.
  4. The Government will issue tax exemptions for entities proportional to their amount of self-created free cash flows.

Confident Volatility Policy:

  1. The National Debt ceiling is temporarily removed from 02.20.-08.20.
  2. All domestic private or cooperative/public Entity debt accumulated from February 20. for 6 months will be covered by the Government in case of failure to meet investment returns forecasts.
    2-a. Liability of these companies is temporarily changed into the class of “Limited by SGN”, which is to say limited by guarantees issued by the government.
  3. Anti-trust law exemptions are permanently lifted coming February 20.

Credit Incentivising Credits:

  1. All operating assets may request STATE-GUARANTEED-NOTICES (HEREBY SGNs), wherein the government will guarantee pro forma payment in foreign transactions in the events of credit or debit memorandum with a domestic private or cooperative/public Entity.
    1-a. Liability of these companies is temporarily changed into the class of “Limited by SGN”, which is to say limited by guarantees issued by the government.
  2. SGN’s will begin issuing on February 20. with a 6-month timesheet. In the event that the operating asset relies on SGN’s for its non-flow costs, the ownership of said asset is transferred to a government-issued official for Administration (in financial terms), upon which it becomes public property.
  3. THE CENTRAL BANK is hereby obliged to issue its interest rate for the ongoing financial year not exceeding 2.5%.
  4. ALL COMMERCIAL BANKS are incentivised to dump their interest rates to future creditors and to expand its crediting to include higher-risk crediting ratings; In the form of proportional higher tax returns and exemptions proportionate to the higher risk and lower interest rates which have been undertaken .

Free Float:

  1. THE ROYAL MINT is to begin issuing sovereign bonds without peg regulations on the foreign exchange market coming February 20, ending within 6 months.
  2. After free floating the currency exchange, The Royal Mint is to assess the real value of the Nasphiliti Pacifican Pound Sterling by its median over-time exchange rate value to a basket of all monetary units used in those transactions and the Pacifican Dollar (at a rate of basket:Pacifican Dollar of 50:50).
3 Likes