Loans (Golden Rainbow)

I have a bit of surplus cash in my country and I was thinking of issuing some loans out. Question: what risks will I be taking on if I do this? Is it possible for countries or corps to, under any circumstances, default on their loans?

No, all loans are backed by 'gamemaster securities'. Players or corporations can never default on any loans. Your investment is secure.

I wish I have some extra cash to loan out

There's only one issue I would give you a heads up about.
If all of sudden you get 10T+ loans paid back (early or when due) in one or two months, which does happen, and you dont check your cash balance and move the excess to your direct trading account you will get hammered by fees for having too much cash.

(unless I'm well out of date because this issue was raised with GM a long time ago)

You are more than right CC, I often log in after only 24 hours gap to find upwards of 50 trillion in cash that has come back from loans. I would love to see the cash sweep feature added. I think W3c isn't too crazy about it as it will curb massive loan making. The amount of money given back through financial services is tantamount to robbery. I'm sure I've surrendered the profits from the loans back to financial services by at least a multiple of 5 many times over. Not sure how we can convince them to change this. Maybe if we tie tommi up and throw him in Laguna's Basement maybe the ransom 'feature' will be added. We'll have to see how much Jozi values tommi's companionship!

i don't know what the threshold for cash on hand but it used to be 20t. if you keep less than that you don't get hit....i think.

Threshold nowadays is 14-15T cash for presidents.

Wendy is quite right, miss to deal with cash in the open for awhile, you will be hammered with fees that almost makes sms-loans looking nice.

If you have 300 Trillion loans lent out, and you don't log into LU for 24-36 hours, you get popped with 30-50 Trillion, and in a few game months, it wipes away what you've made and then some. I usually keep up with it, but the clicking gets boring I need a day away to not drive myself insane.

Wendy, how precisely do you make any decent amount of money with loans? As far as I can tell, the maximum you can loan out is $10T per country, and with a 10-country empire on LU that will earn you a paltry $8.16B a day.

Also, when are you sending those pics? You better not have sold mine...

*yawns* The days of your expertise are far behind you Matt. It's a new day, the old is far away.

My son, listen, and I shall teach you. Listen to Inanna, and her words will adorn you like a gold chain around your neck...

In my main alone I have over 300Trillion in loans out. So either you can't read, or haven't made any money to figure out all you have to do to loan out more than 10T is hit the button more than once(assuming your broke arse would ever get enough cash, \swipe your visa.).

There are no limits to the amount of loans you can give out. The amount of countries is irrelevant, kinda like you

Is this what they teach you all in the IDC? Useless.

And seriously little boy, you don't even know how to get/find basic information on loans, you wouldn't know what to do with my pics. You can ask for Wi

Matt lol a country can offer as much loans as possible. Its maximum loan amount to someone is 10T

Psyco Honey
he asked a question why not just give him an answer.
the amount is unlimited.
also, you don't need to put me away. not for such a minor crime. there are bigger ones you could punish me for.
Jozi and the other guys will come to save me anyway.

for most people, the amount of cash they want to loan out is not so big and the amount that can be paid back is also not so big and the financial services are not a problem. they kick in when you are quite rich.

also the total amounts of loans declined with the max countries can get in loans. currently 8 T.

so yes, some very rich players can get hit by the financial services.
a small number of very rich players.

should they loan out 300T and become even richer from interest income? or should they keep their reserves on their portal account, or exchange for gold coins? or should they give some to the poor?

Tommi, Tommi, Tommi...

really? He asked a question, followed it up with an assumption to make me seem like I was exaggerating the fact that I have a lot of loans. He then proceeded to follow that up with some kind of seemingly innocent request that was rather insulting.

Now maybe I'm not your average internet chick, but asking a lady for pics in the manner he has is very insulting and offensive. So, excuse me for answering his question in a likewise manner.

As far as the rest. I will answer your questions.

Psycho_Honey gives money to the poor. I give very handsome exchange rates to respectful and humble new players that I find meet my criteria for such benevolence. I have given up to 2 trillion per coin in multiple exchanges made over the last 18 months. I have given a few players up to 10 TRillion in exchange for a single coin who have since disappeared. Not so much in the last 3 - 5 months because chat is lonely a

I'm normally not in any mood to defend Wendy but feel Tom's comment went too far.

Tom, please stay on point. Don't lower yourself to a players level with chat.

Let players insult other players, good or bad. Steer clear and take the high road.

Cheers,

Maestro

<!-Quote-!>Quote:

should they loan out 300T and become even richer from interest income? or should they keep their reserves on their portal account, or exchange for gold coins? or should they give some to the poor?<!-/Quote-!>

Let us ask Warren Buffett what he thinks.

<!-Quote-!>Quote:

Steer clear and take the high road.<!-/Quote-!>

Take the hint.

Tommi i have a rebuttal you stated below

Should they loan out 300T and become even richer from interest income? or should they keep their reserves on their portal account, or exchange for gold coins? or should they give some to the poor?

Required number of Countries: 5
Required number of Enterprises: 2
Required AVERAGE Population Number: 35 million
Required AVERAGE defensive Index: None Required
Required AVERAGE Defense Index: None Required
Required AVERAGE Education Index: 130
Required AVERAGE Health Care Index: 130
Required AVERAGE Transportation Index: 130
Required AVERAGE Social Security Index: 100
Required AVERAGE Salary Level: 150
Required AVERAGE Financial Index: 140
Required AVERAGE Employment Index: 90
Required Average Net Cash Level: 25 Trillion
Required Number of Corporations in the Enterprise: 800
Awarded Number of Gold Coins: 100

RIGHT THERE IM

@ supersoldier

And how many ppl apart from me are actually at lvl 14?

No point complaining about a lvl 14 requirement when your nowhere near it

If you need more countries for a new lvl, take one at lvl 1 or pay for it.
You cant keep having it both ways.

If I really wanted, I could get to level 14 on the econ side. The problem is the financial service costs would probably eclipse my income.

So whats the point?

hahaha u both know thats lvl 10requirements right?

this is lvl 14
Requirements for Game Level 14 (Peaceful Game)
Required number of Countries: 10
Required number of Enterprises: 2
Required AVERAGE Population Number: 70 million
Required AVERAGE defensive Index: None Required
Required AVERAGE Defense Index: None Required
Required AVERAGE Education Index: 200
Required AVERAGE Health Care Index: 200
Required AVERAGE Transportation Index: 180
Required AVERAGE Social Security Index: 120
Required AVERAGE Salary Level: 260
Required AVERAGE Financial Index: 200
Required AVERAGE Employment Index: 96
Required Average Net Cash Level: 80 Trillion
Required Number of Corporations in the Enterprise: 1600
Awarded Number of Gold Coins: 150

and incase ur wondering in lvl 16
THIS ONE IS MY FAVORITE!!!

Requirements for Game Level 16 (Peaceful Game)
Required number of Countries: 15
Required number of Enterprises: 2
Required AVERAGE Population Number: 120 million
Required AVERAGE defensive Index: None Required
Required AVERAGE Defense Index: None Required
Required AVERAGE Education Index: 240
Required AVERAGE Health Care Index: 240
Required AVERAGE Transportation Index: 240
Required AVERAGE Social Security Index: 120
Required AVERAGE Salary Level: 400
Required AVERAGE Financial Index: 240
Required AVERAGE Employment Index: 96
Required Average Net Cash Level: 120 Trillion
Required Number of Corporations in the Enterprise: 1700
Awarded Number of Gold Coins: 150

Look at the cash requirement from the list above(Level 14):

Required Average Net Cash Level: 80 Trillion

80 trillion * 10 countries

Imagine the finance service cost on that.

Level 16

Average population = 120 million
(And 15 countries)

WOOOOOOOOOOOOOOW!


To dream, the impossible dream.....

this is why i lobbyed for revised lvls and im so pushy on fixing the econs

They GM added HTworkers to every corp sand used to use none...now it needs 15K people

Base price is a joke they GM says the price can fall to 20% of base price = no profit cant be made...but the price can go almost 2times the base

Welfares a great idea for corps but for CEO C3 and new players it drops production below 100%

long long list atleast fix econ lvls and fix the war lvls

well, considering, the extra difficulties in the peaceful game are fair. i mean, consider the cash level requirements just for one point. a war slave is going to spend that much easily on weapons and ammo.... and not be level 16 or what ever equal level.

my point exctly. Lvl 14 war was what i was on about. If you want to play econ, pay for the c3.

Super your econ lvls involve what? extra corps and some extra cash? playing econ, it should be a breeze for you.