September 2020 LCN Economic Crisis
 | |
| Date | September 21, 2020–present |
|---|---|
| Location |  The LCN |
| Type | Economic crisis |
| Cause | Hyperinflation, Hyperdeflation |
The September 2020 LCN Economic Crisis, formerly known as The Great Inflation, is an ongoing economic crisis that is occuring in the The League of Conservative Nations that started on the night of September 21, 2020. The LCN economic has been hit by waves of severe hyperinflation and hyperdeflation.
Events
On September 21, 2020, Creeperopolis, Gagium, and Kanjuura wanted to destroy the LCN economy by making the overall net worth negative. At the time, the economy had deflated by 80% and people thought that a "Great Deflation" was happening. The three wanted to make it a reality so Gagium accepted a 1.6 million Leaguecredit loan to destroy the economy. However, Gagium won and the three decided to switch to hyperinflating the economy.
Terranihil and Spode Humbled Minions joined in and continued to loan more and more money to continue inflating the economy. Quebecshire was loaned a record breaking 24,500,000 Leaguecredits and was brought out of a 2,000,000 Leaguecredit debt. Willdavie also joined in the economic crisis.
Aftermath
The economy of the LCN hyperinflated by a record breaking 1,069.31% followed by record breaking deflation and wealth inequality.
Roulette
All of the loaners gambled money through roulette. While gambling, a superstition began that the Roulette wheel picked black more often than red.
Gallery
Gamblers saying the Roulette Chant.
Gamblers saying the Roulette Chant.
Gamblers saying the Roulette Chant.
Quebecshire winning 43.5 million.
The initial loan.
Loans Given
| Loanee | Loaner | Amount | Date Withdrawn | Interest | Date Paid | Amount Paid | Due | Score |
|---|---|---|---|---|---|---|---|---|
| Gagium | Creeperopolis and Kanjuura |  1,650,000
|
September 21, 2020 | 1% upfront | September 21, 2020 | 1,666,500
|
September 21, 2020 | 850 |
| Gagium | Creeperopolis and Kanjuura | 1,650,000
|
September 21, 2020 | 1% upfront | September 21, 2020 | 1,666,500
|
September 21, 2020 | 850 |
| Spode Humbled Minions | Creeperopolis and Kanjuura | 1,650,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 1,815,000
|
September 21, 2020 | 850 |
| Terranihil | Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium | 12,685,000
|
September 21, 2020 | 3% upfront | September 21, 2020 | 13,065,550
|
September 21, 2020 | 850 |
| Quebecshire | Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium and Terranihil and Willdavie | 24,500,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 26,950,000
|
September 21, 2020 | 850 |
| The Legion of Mankind | Quebecshire | 14,000,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 15,400,000
|
September 21, 2020 | 300 |
See Also
- Leaguecredit
- Entities
- Other
