From the mouth of Rudolf Schultz, the priest of wealth and business, Lant once again heard about his family's Galloping Horse Fund. From the records of Yeqi City, Lant knew that this fund integrated the entire finance 300 years ago. A super fund worth 300 million gold coins was formed after taking the agency's deposits, loans, bonds, and stocks.
During this period, Ben Kaul, Alexey Zhuoqin, and Li Qi Honglong successively told him about the history of the Galloping Horse Fund, and Lant also roughly pieced together the money from the Department of Finance's millions in the past. How did the balance of the fund become a fund with a scale of 300 million, and how did it become a market value of almost 2 billion gold today under the condition of almost zero inflation.
First of all, after the Yeqicheng Finance Department brought all the cash and bills to the Imperial Capital, because the Imperial City Finance Department was also busy dealing with the war against the demons and issued a large number of bonds, the Yeqicheng Finance Department just happened to take over a large amount. Imperial War Bonds.
At the same time, the fleeing Benma family also gathered troops from various places to restore the Benma Plain. As soon as this army gathered near the imperial capital, it was urgently recruited by the Imperial War Department and sent to the southern front to fight against the fallen demons. All the funds used by the empire to recruit them were also distributed in war bonds, and the cash on hand of these Galloping Horse family members was also forced to be exchanged for war bonds.
After the war finally ended, the Imperial Finance Department and the Ministry of War were embarrassed to discover that the entire battle against the fallen demons had lasted for decades. The Galloping Horse Kingdom and the Galloping Horse Family had shed their last drop of blood and spent their last resources for the empire. A copper coin.
However, the empire that had just restored peace did not have enough cash to repay the war bonds. It could only pool all the bonds held by the Benma family and then support the survivors of the Benma family through re-guarantee and financing.
When the empire's finances improved in 760 and the bonds of that year could be exchanged, all the bonds were converted into galloping funds, and this fund was used to continuously invest in the magic workshops of various legendary families and magister families, and to purchase bonds from various kingdoms. , and eventually the fund value rolled over to today's scale.
"Sir Lant," Rudolf Schulz replied with a smile after hearing Lant's statement, "in the past thousands of years, there has not been one more magic furnace on the entire continent, which means that The number of gold coins in the world has not increased by one. Although each country issues its own gold coins, the commercial temples in various places are closely monitoring the total amount and circulation of currencies in the market at all times."
"The reason why your family's fund is able to reach its current scale is actually because it caught up with the huge post-war reconstruction opportunities after the Fallen Demon Clan War." Rudolf Schulz raised three fingers. "However, what I want to say Yes, the reason why your family's fund is still named Benma is because the collateral for the entire fund is actually the three magic furnaces in Yeqicheng, Salt Mine, and Iron Mine.
It is because those three magic furnaces belong to the Galloping Horse Royal Family, so the fund belongs to the Galloping Horse Royal Family. Otherwise, let alone an ordinary magister family, even a legendary family would not be able to have such a huge fund. "
Listening to the words of the high-ranking priest, Lant's heart became heavier and heavier. If according to the theory that magic furnaces correspond to gold coins, wouldn't it mean that the original three magic furnaces on the plain were only named after one galloping horse?
"After Yeqi City was destroyed, my lord originally believed that the three magic furnaces on the Benma Plain had almost stopped being used, and the corresponding amount of gold coins should be withdrawn." Rudolf shrugged.
At that time, the finances of the Galloping Horse Family almost collapsed. If we really talk about money, the Dragon, the Empire and the Orc Royal Court all had money from the Galloping Horse Family. However, it was obvious that none of them wanted to pay back the money.
"But when the empire's finances were facing disaster, my lord could not sit back and watch the front line against the fallen demons collapse. Therefore, the three magic furnaces were used as collateral for the Yeqi City Finance Department, and later became the mortgage for the Galloping Horse Fund. After the war ended, the salt mines and iron mines have been in use. The Church of Fortune has always wanted to take back the gold coins of the Yeqi City Magic Furnace, but the Imperial Finance Department has been dragging you to take over Yeqi City on the pretext of preparing for recovery. "
"Ah~" Lant nodded, probably understanding his situation. No wonder the empire has been claiming to have recovered Galloping Horse, "So, my newly built magic furnace shouldn't be the fund's collateral, right?"
"Of course not. Every magic furnace is unique, but that's the problem. Although the current Penma Fund has a huge scale, it is only the size of the fund. It is impossible for anyone to really invest in three magic furnaces. Spend 2 billion gold coins. The entire human empire cannot afford 2 billion gold coins in cash."
"But what if I keep making magic furnaces?"
Rudolf nodded: "Yes, if you are willing to build 800 magic furnaces and use them all as guarantee for the Galloping Horse Fund..."
Lant smiled bitterly: "Then I'm afraid the size of this fund will reach 250 trillion immediately." He did not believe that there would be an artificial boundary for the aggregation effect of capital.
"No wonder my lord thinks that you can understand her attitude very well," Rudolf admired.
However, knowing the problem does not mean that it can be solved. The relationship between the Galloping Horse family and the empire, especially the Tower of Purity, is basically a love and trap for thousands of years. Whoever has a good life will be cheated, and whoever has a bad life will be cheated. Well, Lant doesn't think he can stand his ground in the face of the pressure from the Tower of Purity.
"Sir, the current prosperity of the empire is based on financial bubbles. Between the scale of the prosperous fund and its underlying collateral, which is the cornerstone of all civilizations - the magic furnace, there are too many indescribable and self-inflated things. , unexplainable foam barrier.
Our Lord is doing everything he can to slowly dissipate these bubbles and avoid violent economic fluctuations. However, some things cannot be solved all at once. You need to keep a clear mind, and Our Lord will send you oracles when needed. ” Rudolph delivered his final words.
Rand nodded. The prosperity under the bubble must be illusory, but a prosperous society will naturally have more opportunities and a more stable society. Rand now has enough gold coins to invest in the development of Galloping Horse Plains. On the other hand, the bubble of Galloping Horse Fund should be left to the legends of the imperial capital to make it into the original soup.
Lant returned to the cocktail party at the priest's house. His understanding changed greatly this morning. Only then did he realize that there are not only financial institutions in the world, but also regulatory agencies, and the dragons on the Red Dragon Rock turned out to be financial institutions. part of regulation.
"These giant dragons with wings, breathing fire from their mouths, and searching for gold coins are actually doing it to complete the task of fighting world inflation. How much infamy have they shouldered? They really... I cried to death..." Lant thought in his heart. He made a sarcastic comment without any reason and continued to enjoy the buffet food.
