The Federal Monetary Fund

Written by Oscar Alvarez, also known as Frederik Alvarez and o.m.g.

© Frank Lambregts 2011
The Idea

Since a couple of rounds, countries may hand out loans to banks. However, the countries still
get there money from the Federal Government, isn’t it time to change this? I think so, so I
came up with this project. Based on the International Monetary Fund (IMF), I created the
FMF. It will have some special rights like creating rules about loans, VAT, handing out fines
in an International conflict. And more things like that. See page 3 and 4 for the complete
rights and rules.

But Joep Eerlijk founded the FU, Federal Union. And so it could also be possible to give
those rights to the FU, if it will be approved by the Federal Government.

The way to manage it

A Fund like this should be organized and managed on a great way. But how can we do this?
I was thinking about the following system:
1. A President, member for life
2. A Chairman, chosen by the Federal Union
3. A Member, chosen by the Council of Veterans
4. A Member, chosen by the Player Consult
5. President of the Federal Union

1. The President is the most powerful person in this organization. He may do the following
things:
- Fire a member which is chosen by the Federal Union, Council of Veterans or Player
Consult (so 2, 3 and 4)
- Vote for proposals and make proposals in side the club
- Contact the Federal Government about changes which are approved by the members
of the Fund.
The President can be fired by the Federal Union, Council of Veterans and the Player Consult.
If they all advise to fire him, he will be fired. Then the other members of the Fund, except the
President of the Federal Union, must appoint a new President of the Fund
2. The Chairman is the person which is doing the public relations. So he will do all public
announcements and of course he may vote for proposals and make proposals in side the club.
He can only be fired by the President.
3. - 4. The members may vote for proposals and make proposals. But they may also appoint
an International Financial Civil Servant (explained on page 4).
They can only be fired by the President.
5. The President of the Federal Union will be the person that hand out loans to countries and
so he will be the Financial Manager of this fund. Before he may hand out those loans he has
to make a proposal about this.
Only he may do this because he is in direct contact with the Government Leaders since he his
also member of the Federal Union and so he know what the plans are and what the countries
need.

I hope this is clear enough. Now I will explain the rights and rules about this Fund.

President of the Federal Monetary Fund 2

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 The Federal Monetary Fund

Rights & Rules

Chapter 1 – Definitions
Federal Monetary Fund (FMF, Fund): An organization which controls the financial side of the
Federation Miniconomy, so the countries Cyberia, Digitalia, Virtua and Ibisha Island.
President: The Leader of the Federal Monetary Fund, he is member of the Fund till the
Council of Veterans, Player Consult and the Federal Union advise all that he must be fired.
Chairman: The Public Leader of the Federal Monetary, he is doing all public announcements.
He is chosen by the Federal Union and can be fired by the President
Member: Chosen by the Council of Veterans or Player Consult, he can be fired by the
President.
President of the Federal Union: The Financial Manager of the Fund. He is the only one that
may hand out loans to countries and is the only one that may make a proposal about this
subject.
Board of the Fund: President, Chairman, Members and the President of the Federal Union

Chapter 2 – Rights

Paragraph a – Countries
1. The Board of the Fund has the right to hand out loans to countries. Those
loans are the budgets of the countries for a period of 5 trading periods.
2. The Board of the Fund has the right to choose a VAT percentage which must
be used by all mayors in each country where this VAT percentage is set.
3. The Board of the Fund has the right to change the laws where it is about
Finances and/or Loans. This right gives the Board of the Fund the power to
change each law book (so the law books: International Law, Cyberian Law,
Digitalian Law, Virtuan Law and Ibishian Law) on this subject.
4. The Board of the Fund has the right to give fines to countries when laws are
been broken by the Government, or a member of the Government. This
means that the Board of the Fund wants a fair Federation where even corrupt
governments are fined.
5. The Board of the Fund has the right to take over control of the Financial
Manager of each Country when the finances of the country are critical.
Paragraph b – Banks
1. The Board of the Fund has the right to write rules for all banks in the Federations.
2. The Board of the Fund has the right to hand out fines to banks when they don’t
follow the rules of the Fund.
3. The Board of the Fund has the right to hand out loans to banks when their
request for this has not been accepted by their own Government but the request was legal. The
Government of the Country where the owner of the Bank lives will get a fine by then.
4. The Board of the Fund has the right to close banks that don’t follow the rules
even after a fine.
Paragraph c – VAT
1. As also said in Paragraph A of this chapter, the Board of the Fund has
the right to set a VAT percentage which must be used by all mayors.
However, the Board of the Fund may not change the VAT percentage
more than 2 times in a trading period.

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The Federal Monetary Fund

2. The Board of the Fund has the right to set a VAT percentage which
must be used by all mayors in a country. However the Board of the
Fund may not change the VAT percentage in a country more than 1
times in a trading period.
Paragraph d – Financial Civil Servants
1. The Members who are chosen by the Council of Veterans and the
Player Consult may appoint one International Financial Civil
Servant.
2. The International Financial Civil Servant is appointed for one
trading period and is the only Financial Civil Servant that may hand
out fines to citizens who have to be fined in a country where he
doesn’t life.
3. The International Financial Civil Servant is also the only Financial
Civil Servant who may hand out fines for the International Court.
4. The Board of the Fund may fire a Financial Civil Servant when he
is not doing his job as he must do.

Chapter 3 – Voting

Paragraph a – Law Changes

1. The Board of the Fund may change the law on the subjects of Finances and/or Loans.
All members of the Board of the Fund may propose law changes, and when 3 out of
the 5 members accept the law change, it will be advised to the Federals and all
Governments to change the laws on this subject.
2. When the Board of the Fund has the power to change laws without all Governments,
then “it will be advised to the Federals and all Governments to change the laws on this
subject,” will be changed into “the law will be changed by the Federal Government
and all Governments.”

Paragraph b – Banks
1. When a Bank request a loan, all members except the President of the Federal Union,
need to vote for this request. A request for a loan will only be accepted when 3 out of
the 4 accepts the request.
2. The rules for the Banks may be changed all time, however to change those rules, all
members of the Board of the Fund have to accept the change.

Paragraph c – Countries
1. Loans for countries need to be accepted by all the members of the Board of the Fund.
2. The Financial Overview of a Country must be accepted by all the members of the
Board of the Fund before the President of the Federal Union may hand out loans to
countries.
3. Taking over control of the Financial Manager of a country must be accepted by all the
members of the Board of the Fund.

Paragraph d – Rights & Rules Book of the Federal Monetary Fund

1. Changes in the Rights & Rules Book of the Federal Monetary Fund must be accepted
by all members of the Board of the Fund and must be approved by the Federal
Government.

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The Federal Monetary Fund

End of the Rights and Rules Book of the Federal Monetary Fund
Ok, I know it isn’t finished yet and also not complete. But I don’t know how to complete it. I
need help with that. That is way I mailed this document to you all, Federal Union and Federal
Government.

(Notice: This paragraph of this document will be deleted as soon as I can publish it)

Advantages – Disadvantages
Every project has its own advantages and disadvantages. I will try to make an overview of
those:
Advantages Disadvantages
More influence by the Players More influence by the Players
More possibilities in International Trading It will maybe to hard to understand by newer
and Financial Market players
More possibilities in International Politics It will take over some power of the Federal
Government
A realistic economic based on an Maybe a new way to cheat
international organization.
A possibility to make separate coins for each Filling a black hole with a black hole
country and make one international coin
A method to make a smaller black hole

I hope that is clear, and I hope that you all understand why “More influence by the Players”
stands by both sides.

Financial Overview of the Board of the Fund

Financial Overview
Starting Budget of the Federals (Amount of I-shells which the country had to
receive in total)
Country-Tax 5% of all turnovers in the Federation (per
country, so 5% of all turnovers in
Cyberia…)
Bank-Tax 0.5% of all profit of the Banks
Gasoline-Tax 9% of the price per km per taxi
Interest Interest of the Loans + Loans cash back
- Subsidies for Countries - 10% of all income of the Fund
- Loans - costs to make a loan
- Salary of all Federal Organization - the total salary
This is an overview based on no statistics. That’s why I can’t say any amount of I-shells
exactly

A way to invest in the future of Miniconomy

I think, this Fund would be a great way to invest in the future of the Federation. It will give
more dynamics in the Federation and will make possibilities clear which weren’t visible right
now. Like, a country can invest in cleaner gasoline. Which means the Gasoline-Tax, which I
mentioned in the Financial Overview, would be lower in their country. And more things like
that. I know, it is all a mess and total unclear what I mean with everything. But in my head it
is so nice and I have to share it with you at least. And I so hope that this would be made inside
the Federation. And yes, I did call my self the President of the Federal Monetary Fund in the
President of the Federal Monetary Fund 5
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The Federal Monetary Fund

automatic text beneath every page. But I do deserve it I think. It is me who came up with this
project so why not. And I know I am now going a bit out of the normal way to say it this but:
Please give it a chance. And yes, I know that some technical changes have to be made first.
But it is not needed to do this at once. It can be done, step by step.

So I would like to say: Yes, we can make Miniconomy more and more like a real world. And
yes, we can make Miniconomy like a real economic simulation and give it more dimensions.
This Fund and the Federal Union open more gates then we could open ever before I think.

Thanks for reading, and I hope to hear great news from you all. Together we can make this
project better and better, I can not to it on my own, but I give you a hand. Now get it and help
me.

Sincerely,

o.m.g,
President of the Federal Monetary Fund,
Frederik Alvarez / Frank Lambregts.

President of the Federal Monetary Fund 6

o.m.g.