In the mouth of Rudolf Schultz, the goddess of wealth and commerce, Rand once again heard about his family's Galloping Horse Fund, and from the records of Night Kir City, Rand knew that this fund was a super fund worth 300 million gold coins formed after integrating deposits, loans, bonds, and stocks from the entire Treasury Department 300 years ago.

During these days, Ben Kaul, Alexei Zhuoqin, and Li Qi Honglong successively told him about the history of the Galloping Horse Fund, and Rand also roughly pieced together how this money changed from a balance of several million in the Department of Finance to a fund of 300 million, and how it became a market value of almost 2 billion gold today under the condition of almost zero inflation.

First of all, after the Night Qicheng Finance Department brought all the cash and bills to the Imperial Capital, because the Imperial Capital Finance Department was also busy dealing with the war against the demons and issued a large number of bonds, so the Night Qicheng Finance Department happened to take over a large amount of Imperial War bonds.

At the same time, the fleeing Galloping Horse Clan also gathered troops in various places to recover the Galloping Horse Plain, and this army had just gathered near the imperial capital, and was urgently requisitioned by the Imperial War Department and sent to the southern front line to fight against the fallen demons. The Empire also issued war bonds for all of their funds to requisition them, and forced the exchange of cash on hand of these members of the galloping horse family for war bonds.

Finally, after the war ended, the Imperial Finance Department and the War Department were embarrassed to find that the entire campaign against the fallen demons lasted for decades, and the Galloping Horse Kingdom and the Galloping Horse Family could be said to have shed the last drop of blood and spent the last copper coin for the empire.

However, the newly restored empire did not have enough cash to repay the war bonds, so it had to first gather all the bonds held by the Galloping Horse family, and then provide for the survivors of the Galloping Horse family through re-guarantee and financing.

When the empire's finances improved in 760 and the bonds of that year could be converted, all the bonds were converted into the Galloping Horse Fund, and the funds were used to continuously invest in the magic workshops of various legendary families and Magister families, and buy bonds from various kingdoms, and finally the value of the fund rolled over to the scale it is today.

"Lord Rand," Rudolf Schultz replied with a smile after hearing what Randt said, "In the past thousands of years, there has not been an increase in the number of magic furnaces on the entire continent, which means that the number of gold coins in the world has not increased by one. Although each country has its own gold coins, the local commercial temples are constantly monitoring the total amount and liquidity of money in the market. ”

"The reason why your family's fund can have its current scale is actually to catch up with the huge post-war reconstruction opportunities after the Fallen Demon War," Rudolf Schultz compared three fingers, "However, I want to say that the reason why your family's fund is still surnamed Galloping Horse is because the collateral of the entire fund is actually the three magic furnaces of Night Qicheng City, 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 don't say an ordinary Magister family, even if it is a legendary family, it is impossible to sit on such a huge fund. ”

Listening to the words of the high-ranking priest, Rand's heart became heavier and heavier, if according to the saying that the magic furnace corresponds to the gold coin, wouldn't it mean that the original three magic furnaces on the plain were just the name of a galloping horse?

"After the destruction of Night Qi City, my lord originally thought that the three magic furnaces on the Galloping Horse Plain had almost stopped being used, and the corresponding amount of gold coins should be recovered." Rudolph shrugged,

At that time, the finances of the Galloping Horse royal family almost collapsed, and if there was really money, the dragon, the empire, and the orc royal court all had the money of the Galloping Horse family, but it was clear that several families did not want to pay it back.

"But at a time when the Empire's finances were facing disaster, our lord could not sit idly by and watch the battle against the fallen demons collapse. So those three magic furnaces were used as collateral for the Night Qicheng Finance Department, and then they became the collateral for the Galloping Horse Fund, and after the war ended, the salt and iron mines have been in use, and the Wealth Church has always wanted to recover the gold coins of the Night Qicheng Demon Furnace, but the Imperial Finance Department has been dragging you to the Night Qicheng City on the grounds of preparing for recovery. ”

"Ah~" Rand nodded, probably understanding his situation, no wonder the empire has been claiming to have recovered the galloping horse, "So, my newly created magic furnace shouldn't be the collateral of the fund, right?" ”

"Of course not, each magic furnace is unique, but the problem is here, although the current Galloping Horse Fund has a huge scale, but that is only the scale of the fund, it is impossible for the power to really spend 2 billion gold coins for 3 magic furnaces. The entire human empire can't come up with 2 billion gold coins in cash. ”

"But what if I keep making a furnace?"

Rudolph nodded: "Yes, if you are willing to build 800 magic furnaces and use them all as a guarantee for the Galloping Horse Fund......"

Rand smiled bitterly: "Then I'm afraid the size of this fund will immediately reach 250 trillion", he does not think that the agglomeration effect of capital will have artificial boundaries.

"No wonder my lord thinks you must understand her attitude well," Rodolf exclaimed.

However, knowing the problem does not mean that the problem can be solved, the relationship between the Galloping Horse family and the empire, especially the Tower of Purity, is basically a thousand years of love and pit, whoever is doing well will be pitted, and if he is not good, he will be pulled, Rand does not think that in the face of the pressure of the Tower of Purity, he can stand his ground.

"My lord, the prosperity of the empire is now built on the financial bubble, and between the size of the prosperous fund and the collateral of its foundation, the cornerstone of all civilization, the magic furnace, there are too many indescribable, self-inflating, unspeakable bubbles.

Our Lord is doing everything he can to keep these bubbles thawing slowly and avoiding violent economic fluctuations, but some things cannot be done overnight, you need to keep a clear head, and Our Lord will send you an oracle when you need it. Rudolph gave his final closing remarks.

Rand nodded, there must be an illusory side to the prosperity under the bubble, but there are naturally more opportunities and a more stable society in a prosperous society, and Rand now has enough gold coins to invest in the development of the Galloping Horse Plain, and the bubble of the Galloping Horse Fund is still left to the legends of the imperial capital to turn the original soup into the original food.

Rand returned to the reception at the priest's house, and this morning changed his perception very much, and he realized that there were not only financial institutions but also regulatory agencies in this world, and that the dragons on the entire Red Dragon Rock were originally part of financial regulation.

"These winged, flaming, and scavenging dragons for gold coins are actually in order to complete the task of fighting the world's inflation, how much infamy they have carried, they really ...... I'm crying to death......" Rand sarcastically said in his heart for no reason, continuing to enjoy the buffet.