Post by bluesnailok on Oct 9, 2021 11:25:55 GMT
All across Ancerious, speculation and fear was swelling.
But none of it yet had faced the blunt truth head on with where this railroad the galaxy was leading to. Nothing until the Jobediea Report.
The Jobediea Report, named after the head of the commission assembled to carry out the investigation, was never intended to change the world around it like it did. Organised by Stadtholder Mose Tetlisun as a bureaucratic investigation in response to rising financial fears for galactic investment, the document was planned to be merely an advisory notice on the Teliran international.
Three questions the Jobediea Commission was burdened with by the office of the Stadtholder:
This commission, barely even known by those beyond anyone directly related to it, was expected to be posted as a bulletin across some exclusive international media, change the national policy of a few states, and to strengthen the Teliran economy smoothly towards the growing probability of war. What instead occurred was unanticipated.
Midway through the year of 77AME, the report was released. The report rattled the planet to the bone.
The Jobediea Commission’s findings were not revolutionary, nor radical, for that might have given the benefit of being discarded with nothing more than a haughty chuckle. Instead, the contents of the report gave a cold and bitter prediction that a galactic war was not only inevitable in the galaxy’s present status quo, but that any international crisis around the corner was ready to cause the rising factions to throw themselves into each other. They were worse than a laughable scream of hysteria, they were an apathetic confirmation to the entire galaxy of what everyone already knew but were too eager to hide themselves from.
Within the document, the commission covered almost every facet of the facts and nearly every argument to be made against the probability of war. Galactic interdependency, fear of a repeat of past wars, internal instabilities, deterrence from fear of defeat. All were analysed within almost every major power at the table, and all aggregated into a, in a classically Teliran fashion, emotionless prediction of an inevitable breakdown of international cohesion and the complete collapse of peace.
It didn’t stop there. The report went on to terrorise Teliran international investments into civilian industry and goods in such times, foreseeing a collapse of demand in the face of foreign wartime economies; resulting in a collapse of current production and economic stability in Natar. The planet would then shift to a war-profiteering economy to answer this new international demand which itself would also collapse the moment the war across the galaxy came to an end. It further highlighted the ongoing rate of inflation by the Teliran governments, initiated years long ago to continue the rate of FDI into the Teliran economy at rates it had enjoyed since its economic miracle, while simultaneously providing an expansion of credit with interest rates being pushed down, all in turn had become interpreted within the economy as a presence of real loanable funds that did not exist.
Jobediea’s investigation condemned mismanagement of the Teliran economies by their nationstates and even, though indirect, the Tetlisun administration itself. The report detailed what it described as ‘some of the most concerning malinvestments driven by political and diplomatic motivations over economically sound reasoning ever observed’. Such projects involved the highly celebrated String of Pearls operation, Association loans into the Union of Worlds and Orillia, disproportionate investments both into the Emerald Republics and into La Serena and several dozen other nearby unaligned powers.
At the outbreak of this certain war, Jobediea surmised, the increasingly complex, contradicting and unintuitive web of Teliran investments, interdependencies, commerce and exchanges would be thrown into disarray under the weight of capital flight, market readjustments, nationalisations, hyperinflations and refugee crises, if not collapse outright.
What was planned to be a minor officiality to adjust and prepare became a subject of terror the moment social and official media realised the meanings of the report. It was the physical manifestation of what everyone on Natar, indeed the entire galaxy, had speculated. Now it was all there on authoritative paper.
The Tetlisun Administration quickly moved to reassure investors on the purely speculative nature of the report, and even passed new legislation expanding the details of Teliran neutrality to restore the confidence of foreign direct investment into the country. But the strike had already been inflicted. Now what the Telirans were referring to as the Great Native War was no longer talked of as a matter of alternate reality, or distant wondering, it was a stewing conflict that was about to occur on their doorsteps. One that was about to tear down everything they had built up in the galaxy.
The practical government response was lethargic to actual advice on how best to preempt the threat. Instead of enacting Jobediea’s recommendation on the steady raising of barriers to foreign trade, Teliran legislatures began a slow and bitter political battle of debate and struggle against precedents, legalities and the questions of how without inadvertently causing the economic collapse. Rather than assist in the curbing of chaos, the amount of talk and debate raised the anxiety, the anticipation, the fear, the uncertainty only further as almost every economist on Natar spelled disaster.
The Teliran Dream had been replaced by the Teliran Nightmare.
Every malinvestment, every bubble and shaky market was by now collapsing in on itself through the simple hysteria that a report aiming to protect the economy had caused. The dominoes began to fall one by one, as each Teliran country defaulted, as each bank attempted to foreclose on the rapidly dismantling web of companies, as each person fell out of work, they impacted the next consumer, investor, company or country down the line. Every illusion, every speculation and promise of imaginary wealth dissipated in an instant.
Over the course of little over a week, the Teliran stock markets had contracted more than they ever had for almost a century, unemployment had risen by 7% and every other statistic only continued to make the story darker. It didn’t stop after that week, in fact it accelerated more and more rapidly, the gdp hadn’t just ceased to grow, but for the first time since entering the galaxy, the ASN, the entirety of 89 economies, were now in the red, and they were in it bad.
As the numbers of the workless increased, the demand for consumption fell, and thus so did the number of sites for production, with capital now becoming devalued, so increased the unemployment further in a terrible cyclical effect.
Outraged by their loss of work, invigorated by the confirmation of the imminent galactic war for liberation, or angered by the ASN’s refusal to pick a side, the political atmosphere rapidly deteriorated in line with the economy. Capitolite Tanshirts took the opportunity to launch coup after coup, with the help of the local militaries united under Relanio Ketha, to seize control over Natar’s most unstable economies. With the ASN Election about to occur, it could not have come at a worse time for the centrists. The rise of these autarkic, anti-neutral states within the ASN not only damaged financial trust for investors into Natar and sparked capital flight, but it terminated the exports that these countries provided to the import-heavy countries in other continents; worsening the crash yet further for them.
In the eastern continents the already raging guerrilla war by the Sasonish natives as well as other Pogolandic States began adopting increasingly socialistic undertones and allying themselves with the long-forgotten Democratist outcast states on Natar, unraveling hope for stability yet further as the arms and supplies to this violent separatists subsequently accelerated.
Even the formerly immovable leadership of Mose Tetlisun, prior considered to be more sure than the cycle of day and night itself, had instantaneously turned from a symbol of security and power into one of lies, deceit, humiliation and false promises. What was seen as a mere formality before in the reelection of Mose Tetlisun’s faction had suddenly become anybody’s game.
By this point investors were committing suicide every day. A sick joke claimed that the hotel across from the Talcit Stock Exchange asked, when booking a room, ‘For sleeping or jumping?’.
New protests or riots were starting every minute somewhere on the planet. Even the number of charities to relieve poverty itself was collapsing with the disintegration of expendable income.
Like a ripple in a pool, the destruction of economic stability in what had become known as the Jewel of the Verge began to spread outwards across the galactic like a hideous tsunami after an earthquake. The collapse or selling of investments and capital in foreign worlds aligned with CONA or SAGA factions began to rapidly increase. The innumerable foreign investors that had tethered themselves to the Association over the years were unpocketed of all their gains overnight. Bear markets popped up like flies almost anywhere one looked.
The ASN itself was now beginning to demand repayments of prior debts by nations that simply did not have the funds. In the reputed turnaround Republic of La Serena, business, indeed the Teliran presence and protection entirely, disappeared almost overnight. Leaving what had before been a propaganda piece of Teliran capitalism, looking like an abandoned shopping mall.
As other powers were shoved over with the shock of the collapse of their interconnections with Natar, so too did they knock over those who were intertwined with their economies. Like a house of cards every bad investment, every dependency, every trade deal and loan was now falling in on itself
With the publishing of one, optional advisory report to warn against economic instability by a clique of bureaucrats within the Associated States, the greatest economic collapse the Killian Verge had ever seen had begun.
It is therefore telling of the public view that the name for the incident became a pun of all that had transpired: “The Job-a-Die-a Report”
But none of it yet had faced the blunt truth head on with where this railroad the galaxy was leading to. Nothing until the Jobediea Report.
The Jobediea Report, named after the head of the commission assembled to carry out the investigation, was never intended to change the world around it like it did. Organised by Stadtholder Mose Tetlisun as a bureaucratic investigation in response to rising financial fears for galactic investment, the document was planned to be merely an advisory notice on the Teliran international.
Three questions the Jobediea Commission was burdened with by the office of the Stadtholder:
- To investigate the probability of another major galactic conflict within the next five decades.
- The impact such a conflict would have on the economies of the Association Memberships.
- Advised action to preempt the damages of a galactic war upon the Associated States.
This commission, barely even known by those beyond anyone directly related to it, was expected to be posted as a bulletin across some exclusive international media, change the national policy of a few states, and to strengthen the Teliran economy smoothly towards the growing probability of war. What instead occurred was unanticipated.
Midway through the year of 77AME, the report was released. The report rattled the planet to the bone.
The Jobediea Commission’s findings were not revolutionary, nor radical, for that might have given the benefit of being discarded with nothing more than a haughty chuckle. Instead, the contents of the report gave a cold and bitter prediction that a galactic war was not only inevitable in the galaxy’s present status quo, but that any international crisis around the corner was ready to cause the rising factions to throw themselves into each other. They were worse than a laughable scream of hysteria, they were an apathetic confirmation to the entire galaxy of what everyone already knew but were too eager to hide themselves from.
Within the document, the commission covered almost every facet of the facts and nearly every argument to be made against the probability of war. Galactic interdependency, fear of a repeat of past wars, internal instabilities, deterrence from fear of defeat. All were analysed within almost every major power at the table, and all aggregated into a, in a classically Teliran fashion, emotionless prediction of an inevitable breakdown of international cohesion and the complete collapse of peace.
It didn’t stop there. The report went on to terrorise Teliran international investments into civilian industry and goods in such times, foreseeing a collapse of demand in the face of foreign wartime economies; resulting in a collapse of current production and economic stability in Natar. The planet would then shift to a war-profiteering economy to answer this new international demand which itself would also collapse the moment the war across the galaxy came to an end. It further highlighted the ongoing rate of inflation by the Teliran governments, initiated years long ago to continue the rate of FDI into the Teliran economy at rates it had enjoyed since its economic miracle, while simultaneously providing an expansion of credit with interest rates being pushed down, all in turn had become interpreted within the economy as a presence of real loanable funds that did not exist.
Jobediea’s investigation condemned mismanagement of the Teliran economies by their nationstates and even, though indirect, the Tetlisun administration itself. The report detailed what it described as ‘some of the most concerning malinvestments driven by political and diplomatic motivations over economically sound reasoning ever observed’. Such projects involved the highly celebrated String of Pearls operation, Association loans into the Union of Worlds and Orillia, disproportionate investments both into the Emerald Republics and into La Serena and several dozen other nearby unaligned powers.
At the outbreak of this certain war, Jobediea surmised, the increasingly complex, contradicting and unintuitive web of Teliran investments, interdependencies, commerce and exchanges would be thrown into disarray under the weight of capital flight, market readjustments, nationalisations, hyperinflations and refugee crises, if not collapse outright.
What was planned to be a minor officiality to adjust and prepare became a subject of terror the moment social and official media realised the meanings of the report. It was the physical manifestation of what everyone on Natar, indeed the entire galaxy, had speculated. Now it was all there on authoritative paper.
The Tetlisun Administration quickly moved to reassure investors on the purely speculative nature of the report, and even passed new legislation expanding the details of Teliran neutrality to restore the confidence of foreign direct investment into the country. But the strike had already been inflicted. Now what the Telirans were referring to as the Great Native War was no longer talked of as a matter of alternate reality, or distant wondering, it was a stewing conflict that was about to occur on their doorsteps. One that was about to tear down everything they had built up in the galaxy.
The practical government response was lethargic to actual advice on how best to preempt the threat. Instead of enacting Jobediea’s recommendation on the steady raising of barriers to foreign trade, Teliran legislatures began a slow and bitter political battle of debate and struggle against precedents, legalities and the questions of how without inadvertently causing the economic collapse. Rather than assist in the curbing of chaos, the amount of talk and debate raised the anxiety, the anticipation, the fear, the uncertainty only further as almost every economist on Natar spelled disaster.
The Teliran Dream had been replaced by the Teliran Nightmare.
Every malinvestment, every bubble and shaky market was by now collapsing in on itself through the simple hysteria that a report aiming to protect the economy had caused. The dominoes began to fall one by one, as each Teliran country defaulted, as each bank attempted to foreclose on the rapidly dismantling web of companies, as each person fell out of work, they impacted the next consumer, investor, company or country down the line. Every illusion, every speculation and promise of imaginary wealth dissipated in an instant.
Over the course of little over a week, the Teliran stock markets had contracted more than they ever had for almost a century, unemployment had risen by 7% and every other statistic only continued to make the story darker. It didn’t stop after that week, in fact it accelerated more and more rapidly, the gdp hadn’t just ceased to grow, but for the first time since entering the galaxy, the ASN, the entirety of 89 economies, were now in the red, and they were in it bad.
As the numbers of the workless increased, the demand for consumption fell, and thus so did the number of sites for production, with capital now becoming devalued, so increased the unemployment further in a terrible cyclical effect.
Outraged by their loss of work, invigorated by the confirmation of the imminent galactic war for liberation, or angered by the ASN’s refusal to pick a side, the political atmosphere rapidly deteriorated in line with the economy. Capitolite Tanshirts took the opportunity to launch coup after coup, with the help of the local militaries united under Relanio Ketha, to seize control over Natar’s most unstable economies. With the ASN Election about to occur, it could not have come at a worse time for the centrists. The rise of these autarkic, anti-neutral states within the ASN not only damaged financial trust for investors into Natar and sparked capital flight, but it terminated the exports that these countries provided to the import-heavy countries in other continents; worsening the crash yet further for them.
In the eastern continents the already raging guerrilla war by the Sasonish natives as well as other Pogolandic States began adopting increasingly socialistic undertones and allying themselves with the long-forgotten Democratist outcast states on Natar, unraveling hope for stability yet further as the arms and supplies to this violent separatists subsequently accelerated.
Even the formerly immovable leadership of Mose Tetlisun, prior considered to be more sure than the cycle of day and night itself, had instantaneously turned from a symbol of security and power into one of lies, deceit, humiliation and false promises. What was seen as a mere formality before in the reelection of Mose Tetlisun’s faction had suddenly become anybody’s game.
By this point investors were committing suicide every day. A sick joke claimed that the hotel across from the Talcit Stock Exchange asked, when booking a room, ‘For sleeping or jumping?’.
New protests or riots were starting every minute somewhere on the planet. Even the number of charities to relieve poverty itself was collapsing with the disintegration of expendable income.
Like a ripple in a pool, the destruction of economic stability in what had become known as the Jewel of the Verge began to spread outwards across the galactic like a hideous tsunami after an earthquake. The collapse or selling of investments and capital in foreign worlds aligned with CONA or SAGA factions began to rapidly increase. The innumerable foreign investors that had tethered themselves to the Association over the years were unpocketed of all their gains overnight. Bear markets popped up like flies almost anywhere one looked.
The ASN itself was now beginning to demand repayments of prior debts by nations that simply did not have the funds. In the reputed turnaround Republic of La Serena, business, indeed the Teliran presence and protection entirely, disappeared almost overnight. Leaving what had before been a propaganda piece of Teliran capitalism, looking like an abandoned shopping mall.
As other powers were shoved over with the shock of the collapse of their interconnections with Natar, so too did they knock over those who were intertwined with their economies. Like a house of cards every bad investment, every dependency, every trade deal and loan was now falling in on itself
With the publishing of one, optional advisory report to warn against economic instability by a clique of bureaucrats within the Associated States, the greatest economic collapse the Killian Verge had ever seen had begun.
It is therefore telling of the public view that the name for the incident became a pun of all that had transpired: “The Job-a-Die-a Report”