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Hi, ladies and gentlemen

A story about how strongest market became one of the worst markets in Primera.

Do you remember such country as Poland? They had a best market in Primera. It was a very long time ago, of course. They had small taxes, so all Primera was selling/buying there. Even Lithuania couldn't compete with them. After that they only in few steps lost everything. Every step lasted for quite a long time and I'm gonna list them.

1. Let's start from position - taxes 2%/2%/20% (*). PLN rate 0,05. They changed currency rate to 0.0601 g. But that went good and easy - it was still best market, with turnover with like 3 times Lithuania, 100 times Bulgaria and 10000 times China (at that moment Bulgaria was one of the strongest countries in Primera and China was one of the smallest).

P.S. When someone change currency now, that market stops for 3-6 months at least (depends on country). With an exception - Italy. They changed rate buy 33%, stolen from people and was so happy about it... Market drop was only for like 1-2 months.

2. Second moment came as a shadow - very invisible, slow, but constant. To compensate war costs, Poland was buying on local market for PLN. In general it is a smart move - it gives more turnover to your market, attracts more foreign sellers. But one thing is obligatory in this case - buy out PLN surplus. In general this should be like buying for gold, but with benefits.

And they missed that point. It was hard time for Poland (world was attacking their colonies), they had a lot of fights, but less income than expenses. So, loaning from the market was started in very big quantities. Poland was printing like 60 000 PLN every 2-6 weeks. Obviously PLN surplus dropped PLN rate to 0,055 g or so. And at that point market was running only because big turnover - people like to sell, most of them don't know, how to count profitable price, so they don't care about selling price.

3. China became strong, and then weaker, but they had still enough power to attack their "friends" - Poland. Market unavailable, PLN rate down to 0,045 g. Orlandio and PandaLT starting to buy out PLN, rate changes to 0,05 g. Personally for me Poland occupation was one of the best moments - I earned ~500-700 g from PLN re-sell + China market was increased by Poles, so that gave me another 500-700 g of profit.

4. Poland liberated, everyone is happy. PLN rate still about 0,05 g. Poland changes taxes from 2%/2%/20% to 2-3%/2-10%/20% (*), what makes from international market to local market. At this point they had 3 choices:
A. Leave it as it is;
B. Increase taxes and do not spend PLN on local merket (taxes after some time will take out all PLN surplus);
C. Ask people to rescue market and offer guaranties they won't change PLN rate and maybe other stuff (like veto vote in governments economical decisions).

For example i would agreed. I was ready for that, I was keeping 10k g for this unused. Never-mind, they chose B and it was good decision, but it needs a strong will. Finally I started to believe they have a decent economy consultant. And then...

5. I can't believe it. I see it everyday now (for a week now), but I still can't believe... Market is totally abandoned. Most important thing in local market (even more important than small-medium currency surplus) is official currency offer. It's necessary because of 3 main reasons:
A. You let world know your currency rate (main);
B. You give people to buy big amounts of products on your market (for example I did buy-outs of a lot of markets and some of them never sold their products, because there was not enough of local currency on the market);
C. You don't let people speculate with your currency too much.

And what we have now?



Now is about the week, when there is no official PLN offer at 0.0601.... That means Poland now is buying super expensive products (for example iron 0.009 g, Q1 weapons 0.045 g, Q5 weapons 0.23 g, Q5 gifts 0.24 g). Business owners pays salaries, that guaranties them losses (what's funny - they still pay )

Poland's local market is officially DEAD


Maybe after some time they will have a local market worth mentioning, but i don't believe it will be soon.

(*) VAT/import/income

Best of luck, Poland.

Cheers,
PandaLT

P.S. I did wrote to Poland CP. His answer was something like "write to another guy (I don't care)". Maybe he thought i'm the one, who needs Poland market? It was most beautiful I could do with a good will. Especially if we know for me (as to LT market manager) every day is superb, when PL does not have a market - I win everyday

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