| "King Louis Emunne Thermopalis Gernaldi | Saturday, November 16, 2013 - 11:59 pm 
What happens if I make out loans to a country and the country get so in debt that the game stop allowing it to borrow more money and the country crash......Do I get back my money. I ask because half of the T trillion dollars of loans I made out a while back when to mother army and that country is in a shit hole and will crash any moment so I would refer if my loans did not go to that country |
| thewhy | Sunday, November 17, 2013 - 12:10 am
you will get your money back…. loans are guaranteed by the ever reliable GMs  |
| XON Xyooj | Sunday, November 17, 2013 - 12:58 am
@emune,
half of my 2T that went to mothers army on fb have been repaid, but i don't know how those countries were able to repay. seems like just switch loans to loans to stay afloat.
though mothers empire has two decent enterprises, but don't know why the countries are not.
i have asked to buy all the countries, but it seems the president is still having fun with them.
if he ever decides to let them go, i'm hoping to be the first on the list to get them
per andy's reply in my "automation" posted in the suggestion forum, as long as this game exist then no worry about loans not being repay. |
| Andy | Sunday, November 24, 2013 - 10:43 am
Originally, there was an idea to make loans more risky and let interest rates depend on the risk you take.
It seems however that people really want their money back and it was not implemented.
We think that loans in the game are not a significant feature.
It is not intended for countries to survive by earning interest on loans and the total amount of loans have declined and will probably decline even more. |
| TEMZ71 | Monday, December 2, 2013 - 06:31 pm
Well I like the idea of gaining monster interests on loans and like the idea of being able to get them when necessary so cant there be a regulation that allows a person who puts a max time for a loan to be able to set there own interest just a thought |
| Andy | Monday, December 2, 2013 - 07:09 pm
Good thinking but then we need a real market where requests are matched with offers.
No one should take high interest loans if low interest loans are available.
in addition, there should be a risk you do not get you money back if the country fails.
we want to make this but the priority is low.
Loans are not a huge function in simcountry, there are many more important issues. |
| Khome y Peng | Monday, December 2, 2013 - 10:03 pm
I like the idea of risk in loans, especially where it is no guarantee that the lender would be paid back, but may yield nice returns. It will add more to the challenge of picking loans, maybe like credit ratings but that may be difficult to set up. Unless we somehow base the rating on the financial index to translate into a credit rating like on the international rating system we have now. I say put this on the front burner |
| little upsilon | Monday, December 2, 2013 - 11:45 pm
The interest rate of the loan should be weighted against the early pay-back penalty.
You want a low interest rate on your loan? Fine, you can have that. But you're going to have to keep it for the duration offered.
Want a quick loan that you plan on paying back in short order? You can have that to, but the interest rate will be higher for the short time you have it.
I think this could be coded in easily, if you simply create an acceptable +/- range (similar to how you're restricted to a price range buying shares using the "limited price' option). This will ensure that no one is getting fleeced and that there are always reasonable loans available. Besides, there's always the world bank.
Loan offers and requests are set by default to the standard loan rate provided by the world bank (which may need to be tweaked a bit for this).
Players can then choose whether they want a short-term loan or a long-term loan and the benefits/drawback associated with those.
Requests are then automatically matched based on the market.
edit: should this go into "suggestions"?
edit2: this makes the 'loan duration' feature a little more important and interesting! Just think about it. |
| "King Louis Emunne Thermopalis Gernaldi | Tuesday, December 3, 2013 - 03:28 pm
you should also make it that none repayment of loans are a cause for war and a country can declare war on a country that refuse to repay a loan even it that country is less than level 3, at least on the war worlds....just a thought |
| Ebenezer Screw | Wednesday, December 4, 2013 - 12:39 pm
Is it refusal to pay or inability to pay that would cause a default? If a corporation goes bust it is hardly a cause for war! And if a country defaults, I doubt the threat of war would have had much, if any, influence on its prior actions and even less interest afterwards! |
| Borg Queen | Wednesday, December 4, 2013 - 04:27 pm
Well, a way of making it possible for a real loan-market would be that you can set certain criteria for which loaners could lend money from you like:
- Game-Age of Country/Enterprise/Corp
- Financial Index of Country
- War/NoWar
Two examples:
1.I want to give out loans on the safe side, so I choose Financial Index at least 150, Game-Age of at least 120 RL-Days, not at war. So as it is a quite safe buisness and there are lots of other offers I'd offer at 1% interest.
2. I'm thinking risky, so I choose financial index 80, Game-Age of at least 0 RL-Days, at War.
This one is easily lost and as noone else offers for someone like this I'd offer at 100% interest.
Of course those are random choices but you see, Demand and Offer. |
| nix001 | Thursday, December 5, 2013 - 08:07 pm
XON BRO. You lent money to Mother Natures Dying. Always a good cause bro ;)
Peace&Hardcore........Nix001......MNA |
| nix001 | Thursday, December 5, 2013 - 08:37 pm
Its time for us to pay our debt to Mother Nature......Before our future end up paying with their lives. F#@K the Banks and Energy companies. What they sell is ours anyway. Its time to bale out our future. Don't let Mother Natures tears drown our futures dreams. Take some time to THINK....you owe yourself that much atleast.
Mother Nature Cryz |
| hossflat12 | Sunday, December 8, 2013 - 08:35 am
We should have a loan market with the common market partners and federation partners listed first then our world of countries and the world bank. we should be able to set our interest and set our time limit we should also be able to bundle up the loans we've given and sell them as a package to other countries. we could conceivably give out a lot of risky loans at high interest rates sit on them for a while make a bunch of money then sell them to another country and they could sell them and essentially play hot potato until the loans crash. this would make the loan market an actual actually volatile instead of what it is now. |
| "King Louis Emunne Thermopalis Gernaldi | Tuesday, December 24, 2013 - 01:42 am
i see the words world bank coming up beside some of my loans what does that mean |
| johndoe677 | Tuesday, December 24, 2013 - 02:26 am
it means the GM world bank gave you the loan... I believe the world bank consists of the money in pensions and IFs |
| "King Louis Emunne Thermopalis Gernaldi | Saturday, January 25, 2014 - 06:14 pm
no thats wasnt the question I gave out a loan to another corp and country and the corp name was replace by the word world bank......what happened to the loan. |
| Andy | Sunday, January 26, 2014 - 11:19 am
Loans you give to others, are guaranteed by the world bank.
if the corporation you gave the loan to, went down, all it loans are inherited by the owner but in some cases, the world bank needs to take the loan and pay back when it is due.
this is why you see world bank in the list. It now looks as if you have made a loan to the world bank and you will get your money back when the loan is due.
on the other hand,
when players request loans and there are no offers by other players, the world bank may also provide the loans.
There is enough game money arround and although I did not look into it for some time, I assume there are offers by players and the world bank does not need to provide any loans. |
