The Federation of Velvet Elvis is a huge, cultured nation, renowned for its digital currency, complete lack of prisons, and ritual sacrifices. The hard-nosed, hard-working, humorless, devout population of 504 million Velvet Elvisians are free to succeed or fail in life on their own merits; the successful tend to enjoy an opulent (but moralistic) lifestyle, while the failures can be seen crowding out most jails.

The tiny, corrupt, pro-business government is effectively ruled by the Department of Defense, although Industry and Law & Order are also considered important, while Environment and Social Policy aren't funded at all. Citizens pay a flat income tax of 5.8%.

The powerhouse Velvet Elvisian economy, worth 39.2 trillion velvets a year, is driven almost entirely by the private sector, which is broadly diversified and led by the Arms Manufacturing industry, with major contributions from Retail, Uranium Mining, and Soda Sales. Average income is 77,709 velvets, but there is an enormous disparity between incomes, with the richest 10% of citizens earning 432,509 per year while the poor average 6,984, a ratio of 61.9 to 1.

You can call your arthritic immigrant neighbour for all your roof-tiling and guttering needs, the nation operates a "finders-keepers" policy with other nations' citizens, safe drinking water is considered a luxury, and good-looking doctors are obliged by law to give foot rubs to Leader. Crime, especially youth-related, is pervasive, perhaps because of the country's complete lack of prisons. Velvet Elvis's national animal is the expendable resource, which teeters on the brink of extinction due to widespread deforestation.

Velvet Elvis is ranked 4,514^th in the world and 5^th in Founderless for Most Valuable International Artwork, with 98.29 Bank.