[LoanCorp Bank] Dier Alert!

This is an article by LoanCorp Bank:

after extensive data collection, and calculations LoanCorp Bank has found that inflation is running extremely high on the server.

The annual inflation rate is of the ECD 47.916%

That means that something you bought at the beginning of the year for $1, would cost about $4.79 by the end of the year, this inflation is not sustainable for long and needs to be dealt with if this were to continue ECC could face a total fiscal collapse, and incredible devaluation of the ECC currency, so incredible that to fix the problem balances may need to be wiped completely, or a full new currency with a reasonable exchange rate would be necessary.

The way inflation is calculated is a formula like this:

((B - A)/A)*100​

where A is the orgional amount, and B is the new amount, so we measured the average amount added to circulation in 6 hour periods in the beginning it was 192 million ECD in circulation 6 hours later is was 195 million, in just 6 hours 3 million was added to the ECC economy, while this could be an anomaly the average was about 63 thousand this was multiplied by 4 to get the daily amount (6*4=24) so the daily amount added is 252 thousand, which over 365 days equals 92 million, it an be +/-16% in either direction (marginal error) but either way, this is a dire situation.​

 

actually this does account for applications being processed since during the testing periods applications were processed, also, this server has more users then ever, monetary growth is exponential, the more people you have the more money in the economy via the /sell command plus yes while the 17 fold increase seems high now, u don't know how much there will be in october of 2014, all you can do is estimate at current rat plus there think about it, when the nether star came out as "another form of currency" it has been on the up and up, meanwhile stuff is costing more and more ECD, look at the n-star, when it came out you could get maybe 250 for it, they are selling for 330-340, BEFORE resale, yes the margin or error is high, but the inflation rate would still be out of control, even if just 3 million was added each day... is still a 1.6% DAILY inflation rate. Also going by your point theoretically millions could be held up in signs and unaccounted for in this inflation rate.... thus it could be higher

 

I replied.....

 

.

 

even at 2 mill it's a 1.2% DAILY inflation rate

 

i'm not just guessing at these numbers, a moderator told me the amount of money in circulation, at multiple different times, so i could get this data

 

rates heave been adjusted, there was a formula problem originating very early in the spread sheet

 

i ajusted it there was an error in the spread sheet

 

inflation is around 47.9%, also i'm not taking an hour as a month in real life i am taking 365 REAL days

 

u know what, i'm not gonna try and even issue an alert like this again, it was a test run, and i've learned two things we may have economists that play on this server, and google spread sheet is the mod complicated effing program ever, i'm going to stick to what my bank does best and that is LOANS ! mods please lock, but when ECC's economy does fall apart i'll be the first to say i told u so.

 

Good. Recession Proof