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September 2020 LCN Economic Crisis

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September 2020 LCN Economic Crisis
34418463.jpg
The economy after during the first day of the crisis.
DateSeptember 21, 2020–present
Location The LCN
TypeEconomic crisis
CauseHyperinflation, 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

Loans Given

Loanee Loaner Amount Date Withdrawn Interest Date Paid Amount Paid Due Score
Gagium Creeperopolis and Kanjuura History l black.png 1,650,000 September 21, 2020 1% upfront September 21, 2020 History l black.png 1,666,500 September 21, 2020 850
Gagium Creeperopolis and Kanjuura History l black.png 1,650,000 September 21, 2020 1% upfront September 21, 2020 History l black.png 1,666,500 September 21, 2020 850
Spode Humbled Minions Creeperopolis and Kanjuura History l black.png 1,650,000 September 21, 2020 10% upfront September 21, 2020 History l black.png 1,815,000 September 21, 2020 850
Terranihil Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium History l black.png 12,685,000 September 21, 2020 3% upfront September 21, 2020 History l black.png 13,065,550 September 21, 2020 850
Quebecshire Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium and Terranihil and Willdavie History l black.png 24,500,000 September 21, 2020 10% upfront September 21, 2020 History l black.png 26,950,000 September 21, 2020 850
The Legion of Mankind Quebecshire History l black.png 14,000,000 September 21, 2020 10% upfront September 21, 2020 History l black.png 15,400,000 September 21, 2020 300

See Also