From the office of Percival Farquhar
To the esteemed representatives of the Brazilian people in the Chamer,
I hope you shall not mind input from myself. As a businessman, I believe I may have special insight into the financial realm which this body may find useful. I also believe that you shall find my insight coming both out of good faith and out of a shared interest in the prosperity of Brazil and it's people. I have, after all, many investments and interests in your fine nation, and it's suffering would mean my suffering as well. Even those who deplore my trade should therefore find some merit in my words, if only because my self-interest happens to coincide with the public interest.
This established, I would first like to offer my support to the spirit of the bill presented here, and what it already does. The risk of bank runs is great, and every step possible must be taken to prevent them. Aside from, or even instead of, simply supplementing bank funds, however, which can easily be misused and spent, I would propose that the government devote it's money to guaranteeing all personal savings up to a certain, reasonable value. This would ensure that the average citizen with savings need not worry about losing them, and thus will not rush to make wild withdrawals, whilst the government need not worry about paying exorbitant amounts of money in the event of a bank closure, as those such as myself with larger savings would need only a fraction of those savings repaid, by law.
I shall make no comment on the communist proposals, except that I do not believe they are wholly necessary if this measure is put in place, and the government maintains it's own financial credibility. You shall find that merely the promise of guaranteeing most savings holders their funds will prevent the mad dash to withdraw them. Such bank runs are, after all, primarily driven by the fear of what should become of one's life savings if they do not withdraw in time. And should a bank fail anyhow, the average citizen shall at least not be reduced to immediate poverty, for they will have whatever savings they had accumulated to rely upon. Such financial security for the common Brazilian is not simply important for the public good, but for those such as myself who make a profit from selling goods and services to them.
I hope this proposal finds this body well, and that even if it is not accepted, it is considered and somehow used to better the Brazilian nation and people.
Kingdom of Italy - Balance of Power: 1936
Poland-Lithuanian Commune - Kaiserreich: Legacy of the Weltkrieg BOP
Kingdom of Navarre - The Light of Al-Andalus: A Reconquista BOP
Socialist Federal Republic of Yugoslavia - Balance of Power: 1985
Not actually an ancap, thank God.