Margate Antarctica Islands

Republic of Margate Antartica or Republic of Margate South, Margate Antartica Island and MAI is an independent republic formed in 2002, similar to when USA is was born. This country is the second richest, behing USA. It has nearly been conquered by Sherby Hoodwounds in 2003, but escaped fate in 2004. Currently, the country's biggest bank, Tengen Brothers (parody of Lehman Brothers) is going under a serious crisis, causing the country to go into it's first financial crisis soon enough.

Background
In 1999, Mr. Neme from somewhere in what is now Eastshield was thinking about "something" on a very hot and sunny morning. He thought about the king of the land, who kept forcing penguins to pay him money every day. Mr. Neme was very angry, so his asked his fellow townspeople to follow him to a new place, where they get independence and their things. Therefore, he set sail on his trusty ship, Lous Alous a.k.a. Lousa, My Boat. They sailed for days and nights till they accidentelly knocked into something, causing the ship to sink. The townspeople swam out and nobody perished. And guess what the saw? Yes, it was the land. They happily swam ashore and started to build [[Limbous City|a large port with the tools they saved during the sinking. The population increased in numbers. They soon built buildings and have sufficient food and items. Mr. Neme was crowned the kind of the country. However, in 2000,