Thursday, October 23, 2008

Here we are immune to the financial crisis

The Attland government and the Queen must have done something right.

  • The Queen decided to take the country on a currency transition course - years ago it was from government's darlings (currency units) to a dollar-pegged 1 for 1 darling. Next year it was 1 to 1.333 ratio dollar to darling ratio. Then it was the revolutionary transition to all dollar based economy, with darling certificates guaranteeing interest on darling deposits. Next came the total surprise-right after the Queen's space mission- the transition to the gold currency.
  • The Queen's decision to have the Koborg bank conduct security backed institutional business, and creating a new business of deposit insurance for major banks, government treasuries and insurance companies.
  • The government's decision to stick to the anti-global policies of isolating national banks from the IMF and world's major banking institutions.
Using cautious, self restrained banking policy, the Attland's economy has been totally immune to the mortgage-financial-currency crisis.

The London as the capital of world money is history. The gold banking has left the treasuries of Attland and the Queen overflowing with major currencies. It is certainly the most interesting page in history to watch.

Wednesday, October 22, 2008

The Queen reveals new formula for setting gold price

Now I have to update the description of the Queen's method of setting the price of gold. According to her Speaker, the method can be described by a formula that has been used very recently:

Gold Price=(OGP+BDP+SMP)*1/3*Import Indicator Factor*Domestic Production Factor

wherein:
OGP Old (previous) Gold Price
BDP Buy Demand Price
SMP Spot Market Price

and I will be providing you with further clarification of this method

Recent developments in worldwide gold price were reflected in the Queen's decision to use this formula and, as a result, the price of gold has tumbled in a biggest and negative change since the gold price spike inside Attland in June 2007. Translated into troy ounce prices, Attland's domestic price for gold fell from $1045 to $940, almost a 10% plunge.

Friday, October 3, 2008

We are going sightseeing on a submarine.

Yellow submarine tour sightseeing subThe Yellow Submarine Tours has started a wide-ranging submarine tours campaign.

They are offering 2 and 3 hour tours, each descending down to 200 feet or so, to see the corals, shipwrecks and undersea scape south of Kakwoki.

According to the brochure we got upon the purchase of the trip:

Each sub has window seats for every one of its 50 plus passengers, who can view ocean through a large round window, or a huge front-facing wraparound glass. There will be a 15 minute safety lecture about the use of different emergency breathing and escape devices, the evacuation procedure and the use of the safety belt with the seat floating cushion.

Each sub has special drinks and chewing gum in case the ears need to be popped when switching between surface diesel to all-electric power once submerged. The standard crew is about seven: the captain, the co-pilot navigator, systems engineer, propulsion engineer, two attendants and a tour guide.

The price for a 2 hour tour is 2/3 of a gold crown ounce (which today means $824.04) for Captain Nemo (one of ten of the seats at the wraparound glass), and 1/2 of a gold crown, $618 today, for any other seat.