declare bankruptcy is absolutl busted - i love it

[Krossof]

As Brandenburg, I’ve expanded quite a bit—480 locations, 3 governors, one former capital, and, of course, my current capital. Yet, my average control is only 46%. - Year 1526 -

Those nasty aristocrats were raking in 1,200 ducats a month with taxes set at 35%—this was between 1420 and 1520—amassing a fortune of nearly 500,000.

I couldn’t increase taxes any further, or the unintegrated provinces would start rebelling. That’s a real nuisance when you’re just trying to enjoy some peace.

Eventually, the coalitions started getting on my nerves, too. Trying to buy them off to secure peace—say, because I missed the chance to declare war, or because the *next* coalition is the one I actually want to fight—gets pretty expensive when your control is this low. But then again...

I can just crush any coalition by burying them under a mountain of mercenaries. I can take on 550,000 in loans and my borrowing limit keeps growing by 1,200 a month, thanks to that lack of control.

Well, 300,000 ducats later, I’ve gone ahead and maxed out every single province with buildings—480 construction projects in total. A town hall for 2.5% more control? You bet!

Need a navy? Now i have 2! Plus 40,000 mercenaries to kick things off.

The loans will keep me going for at least 50 months, all while I max out stability, legitimacy, and inflation reduction.

It’s honestly hilarious—and completely ridiculous. The worst-case scenario? I just hand over two or three of my vassals—which I’ve already secured via mercenary-backed treaties—and call it a day. gg 1.4.7

[kelthuzad]

this sound a lot like real life.
you know like that guy who sold stocks for imaginary paradise

[Krossof]

Looks like I’m not the brightest bulb in the room. By taking out so many loans, they’ve ended up with my trade income—and, of course, the interest payments.

As a result, they’re raking in nearly 3,000 ducats in profit, while I’m looking at a maximum loss of 1,000 ducats per month. A rough estimate, I could just sit back like this for 10–15 years, if I wanted to.

The tax base has climbed from 2,400 to 5,000, and there’s still a shortage of manpower everywhere. I’m looking forward to what’s coming next! :)

[zorkman]

Sounds like present day USA & the west. Most completely bankrupt, but carry on as they are wealthy counties.

[ABoxFullOfKittens]

I hope this gets fixed. Surprised it hasn't been already.

[mdeha004]

ok let us know when 50 months have passed. Personally I think it wouldn't surprise me if someone hits your country if you pissed off all the ai countries around you. If not Paradox should tweak that. Bankruptcy is a last resort not a cool feature of the game.

[Krossof]

I have three coalitions that I cycle through peace treaties.

If I fail to secure a casus belli before they declare war, I immediately offer "humiliation" as tribute, along with one or two vassals—amounting to two to four provinces—which grants me an instant 10-year peace.

(they dont join coalitions, if i have a CB or AI leaves coalition if i get CB and wait too long) Smart Devs hehe :)

In the worst-case scenario, I simply pay them some ducats or lose forts, costing me 10–20 war score points.


So, for this difficult period, I have to anticipate the loss of 2–3 provinces—provinces over which I barely have any control anyway.

[KroganCharr]

Sounds like repeated bankruptcies should impact the availability of loans as a balance. If you never pay back, people should be less willing to lend to you.

Originally posted by zorkman:

Sounds like present day USA & the west. Most completely bankrupt, but carry on as they are wealthy counties.

No, they are not bankrupt. The US specifically has been relying on the petrodollar system, which guarantees a steady global demand for the USD and in turn US government debt, allowing cheap loans. That system has come under pressure recently for political reasons, but in principle it is sound, and it is still working, just diminished by other factors. Many other western countries carry large debts, but have little trouble serving them, and none western nations often carry comparable debt. For example, the US debt to GDP ratio has recently gone to around 125%, but China is not that far behind at 98%, India is at 82%, Germany at 63%. Russia is relatively low at around 20%, but they are in much deeper real trouble as they struggle to find anyone willing to buy their bonds, and have to pay excessive interest rates that are close to unaffordable, they are actually much closer to bankruptcy than any of the other named nations. So, tl,dr: debt problems are real, but they are far from uniquely "western" and have nothing to do with bankruptcy.

[Krossof]

Originally posted by KroganCharr:

Sounds like repeated bankruptcies should impact the availability of loans as a balance. If you never pay back, people should be less willing to lend to you.

Originally posted by zorkman:

Sounds like present day USA & the west. Most completely bankrupt, but carry on as they are wealthy counties.

No, they are not bankrupt. The US specifically has been relying on the petrodollar system, which guarantees a steady global demand for the USD and in turn US government dead, allowing cheap loans. That system has come under pressure recently for political reasons, but in principle it is sound, and it is still working, just diminished by other factors. Many other western countries carry large debts, but have little trouble serving them, and none western nations often carry comparable debt. For example, the US debt to GDP ratio has recently gone to around 125%, but China is not that far behind at 98%, India is at 82%, Germany at 63%. Russia is relatively low at around 20%, but they are in much deeper real trouble as they struggle to find anyone willing to buy their bonds, and have to pay excessive interest rates that are close to unaffordable, they are actually much closer to bankruptcy than any of the other named nations. So, tl,dr: debt problems are real, but they are far from uniquely "western" and have nothing to do with bankruptcy.

well with nixon and the declaration that their gold bond dollars (for other countries) will now not be paid in gold anymore but in dollars without anything behind it, was a declarion of bankruptcy from the USA but the other countries accepted the "worthless" dollars before a world wide collapse of the system.

that rule is btw even today just "paused" not removed.

aside from that, yes usa is not bankrupt because they just export their worthless dollars and create inflation in countries that export too much.

[ABoxFullOfKittens]

Originally posted by KroganCharr:

Sounds like repeated bankruptcies should impact the availability of loans as a balance. If you never pay back, people should be less willing to lend to you.

Originally posted by zorkman:

Sounds like present day USA & the west. Most completely bankrupt, but carry on as they are wealthy counties.

No, they are not bankrupt. The US specifically has been relying on the petrodollar system, which guarantees a steady global demand for the USD and in turn US government dead, allowing cheap loans. That system has come under pressure recently for political reasons, but in principle it is sound, and it is still working, just diminished by other factors. Many other western countries carry large debts, but have little trouble serving them, and none western nations often carry comparable debt. For example, the US debt to GDP ratio has recently gone to around 125%, but China is not that far behind at 98%, India is at 82%, Germany at 63%. Russia is relatively low at around 20%, but they are in much deeper real trouble as they struggle to find anyone willing to buy their bonds, and have to pay excessive interest rates that are close to unaffordable, they are actually much closer to bankruptcy than any of the other named nations. So, tl,dr: debt problems are real, but they are far from uniquely "western" and have nothing to do with bankruptcy.

This is a mature take. I appreciate it.

[KroganCharr]

Originally posted by Krossof:

aside from that, yes usa is not bankrupt because they just export their worthless dollars and create inflation in countries that export too much.

I don't want to derail this topic from the game further, so I will just say this: I am willing to send you my entire gaming PC, which contains multiple valuable components (including some highly in demand RAM), an objectively valuable object, in exchange for 1 million "worthless" US Dollars. Please set up a trust to hold the money until I have arranged for delivery, and give me the contact information of whoever administers said trust so we can get it done. Thank you.

[ABoxFullOfKittens]

Originally posted by KroganCharr:

Originally posted by Krossof:

aside from that, yes usa is not bankrupt because they just export their worthless dollars and create inflation in countries that export too much.

I don't want to derail this topic from the game further, so I will just say this: I am willing to send you my entire gaming PC, which contains multiple valuable components (including some highly in demand RAM), an objectively valuable object, in exchange for 1 million "worthless" US Dollars. Please set up a trust to hold the money until I have arranged for delivery, and give me the contact information of whoever administers said trust so we can get it done. Thank you.

Smh... comedic gold.

[ABoxFullOfKittens]

Back to the point though, the BKs should be more limited, at best, and as prev. mentioned have higher future interest on loans. Would be more realistic-ish. Can't fault the OP for abusing it though, it's in the game.

[Krossof]

well, i do recommend it, if you have everything ready for it. you lose about 30% of all your stuff, building, ships and so on. So you have to keep the Loans running a few years to build enough to make it worth.

even govenors !!! took me a few years to realise !! watchout for that guys


for balance i would recommend: a way AI detects an incoming bankruptcy. like if you pay 10% 20% of your net income to your monthly loans. So they create CB and loans have higher interests