In the Kingdom of God at the station, Lant and Little Cardinal found a place that looked like a conference room. The two sat face to face and talked about the various situations of the Galloping Horse Fund.
This time the little red bird found relevant documents from the Imperial Capital Galloping Horse Fund Executive Committee and the Imperial Finance Department. These documents should have been filed in the Yeqicheng Finance Department. Now that Yeqicheng has restored its functions, various Official documents and minutes rolled in like a flood.
As a big data expert, Little Red Bird was naturally not intimidated by these documents. Instead, she actively sought advice from Ben Kaul and Adaxi Zhuoqin, constantly working on her own big data calculation array, and even changed the control room. Part of the magic circle was able to process a large amount of data in cooperation with Yu Ling and other four girls.
“For 10 consecutive years, the Benma Fund has distributed various subsidies, wages, and payments, totaling around 1 million gold coins every year. Among them, the total subsidies given to relevant members of the Benma family fluctuate around 500,000 gold coins.
In terms of the total amount, this amount of money is very huge. However, if you look closely at the source of the funds, you can find that nearly 800,000 gold coins, including personnel salaries, special funds, and special subsidies, are distributed every year in the fund, all of which are earmarked for special purposes. . "The girl's thoughts were very clear when she spoke, and her hands did not stop. She kept writing down important data with pen and paper.
"For example, in the Fund Secretariat and Executive Committee, nearly half of the members are from the Fiat family. The salaries, subsidies and education funds for their descendants add up to nearly 200,000 gold coins. However, the more than 20 magicians of the Fiat family The tutor's workshop also pays dividends of approximately 250,000 gold coins to the fund every year.
In other words, from a certain perspective, the Fiat family pays their own wages to their own family members, and they even pay part of the subsidies to other family members. "
In the dream, the little cardinal cannot cast spells, but when it comes to settling accounts with Lant, a copper coin will not go wrong.
After the girls analyzed it together, Rant roughly understood why Fiat once wanted to buy him with tens of thousands of gold coins a year, because this was the largest amount within his authority. No matter how large the amount was, Fiat himself would not have the final say.
"The situation of other large families is very similar. If a committee member wants to provide long-term subsidies to his family members, he needs to apply for a fund investment, and then pay dividends to the fund on an annual basis. The essence of the fund is to use the dividends paid by the committee members. Pay benefits to members of his family.”
"Ah?" Rand probably understood the confusing operating logic of Galloping Horse Fund.
To a certain extent, the Penma Fund is a so-called financial plate. We just put some specific projects into the fund pool. Although it does not create additional value, it makes the size of the fund look very good. In the eyes of the goddess of wealth, the entire fund is an illusory bubble that will explode sooner or later.
"Wait a minute, if everyone is neither losing money nor making profit, then why do we need this fund?" Lant was a little strange, "Isn't this equivalent to me paying a sum of money to give a workshop to my son?" Are wages paid?”
"Yes, but your workshop will have more nominal employees, which will make it appear larger and continue to attract new orders and investments." Little Red Bird nodded, "Benma Fund also hopes that new Investment applications for new workshops will bring high returns, but in the past 10 years, there have been fewer and fewer new workshops, and the destination of all subsidies has been fixed."
"I understand, that's right." Lant nodded. In fact, after communicating with the goddess of wealth, Lant understood that the entire Galloping Horse Fund was actually a financing tool for the empire, but the goddess of wealth answered him about the bubble. , while another part is missing:
Since there is a large bubble in the fund, how do the existing subsidies come from? After all, the Department of Finance of the Human Empire cannot really print money out of thin air. They just cast the gold coins sent by the goddess of wealth into the official style of the empire.
Now Little Red Bird understands, it turns out that this fund has always been divided into two parts. One is the real subsidy-related part, which is actually a financial plate, into which everyone puts money to support their own families.
The second is the bubble part that has nothing to do with subsidies. This part is an illusion created by the Imperial Finance Office: this fund is extremely rich and can make a lot of money. It can attract investment from big nobles and young magisters. Apply for subsidies, and many magister workshops must submit accounts to the secretariat of the fund every year, so the empire will have a grasp of the actual operation of these workshops.
"From this point of view, there is actually nothing wrong with the Galloping Horse Fund, right?" Lant pondered the logic in his mind, "Let's just let the people in the Imperial Capital and Fiat worry about the fund."
"There was really no problem at first, but when we came, there was a problem." After checking the accounts, Little Red Bird came to the conclusion that the flexible funds of the Galloping Horse Fund are actually very limited, with a total of less than 10 Ten thousand gold coins.
In fact, the staff of the Fund Secretariat and the Executive Committee are not sufficient. If 30 magicians are recruited, there will probably be big problems.
Coincidentally, the fund has advanced nearly 200,000 gold coins for Lant's new magic furnace. In addition, Lant has detained nearly 80 mages in Yeqi City. This resulted in the entire fund being unable to turn around, both in terms of capital and personnel.
"Why is this fund so fragile?" Lant touched his head, indicating that his head was a little bigger.
"It may be more fragile than you think. The Warcraft meat subsidy you applied to the fund before was still a targeted subsidy funded by the Zhuoqin and Kaul families."
"I didn't expect that I would still be supported by these two families. Let's give them two magic furnaces in the future!" Lant nodded. Now he is extremely generous. Anyone who gives him a drop of kindness will be a magic furnace. Report.
The Benma Fund was originally a legacy of the Benma family, and later became the capital plate of the Imperial Finance Department, and then became a financing method. Now it has become a minefield with not many entities but a lot of bubbles. The most fundamental reason is the Empire. The productivity of the empire is completely built on a fixed number of magic furnaces. Once the potential of the magic furnace is fully tapped, the productivity growth of the empire will completely stagnate.
Before the 700th year of the God Emperor, empires in similar situations had developed alien colonies in an attempt to stimulate economic vitality through immigration. However, the demonic wave 300 years ago directly interrupted the colonial enterprise. Since then, the empire without the right to mint money has only Financing can be carried out through financial means.
"Sir, you'd better find a way to decouple the territory from the Galloping Horse Fund as soon as possible. This fund is such a scam!" Little Cardinal looked at Lant, eyes full of worry, "And even if you propose it now, the Empire's Finance Department You may not really want to."
"Can the Finance Department let me go?" Lant said with a smile. "With the fund like this, it's already interesting enough that I'm not tied up."
(End of chapter)
