In the kingdom of God at the station, Rand and Cardinal found a place that looked like a conference room, and the two of them sat facing each other and talked about all kinds of information about the Galloping Horse Fund.

This time, the little cardinal found relevant documents from the Executive Committee of the Imperial Capital Galloping Horse Fund and the Imperial Finance Department, which should have been filed in the Finance Department of Night Qicheng City, but now that Night Qicheng has resumed its function, various official documents and minutes are rolling in like a flood.

As a big data expert, Cardinal was naturally not frightened by these documents, but she actively consulted Ben Kaul and Idacy Zhuoqin, and kept her big data calculation circle at night, and even changed some of the magic circles in the control room, so that she could collaborate with Yuling and other four girls to process a large amount of data.

"In the past 10 consecutive years, the total amount of subsidies, salaries and payments issued by the Benma Fund is about 1 million gold coins per year, of which all the subsidies to the relevant members of the Benma family add up to 500,000 gold coins.

In terms of the total amount, this amount is very huge, but if you carefully look at the source of funds, you can find that nearly 800,000 gold coins are issued in the fund every year, including personnel salaries, special funds, and special subsidies, all of which are earmarked. "The girl's thoughts were very clear when she spoke, and she didn't stop in her hands, and she kept writing down important data with a pen and paper.

"For example, in the secretariat and executive committee of the fund, nearly half of the members are from the Fiat family, and the salaries, subsidies and education funds of these people's descendants add up to nearly 200,000 gold coins, but the more than 20 Magister workshops of the Fiat family also have to hand over about 250,000 gold coins to the fund every year.

In other words, in a way, the Fiat family is paying their own salaries to their own family, and they even pay a part of the subsidies of other family members. ”

In the dream world, Cardinal can't cast spells, but when settling accounts with Rand, you can't go wrong with a copper coin.

After analyzing the girls together, Rand probably understood why Fiat once wanted to buy himself with tens of thousands of gold coins a year, because this was the largest amount within his authority, and Fiat himself didn't even count if it was big.

"The situation of other large families is very similar, if a member wants to give a long-term subsidy to his family members, he needs to apply for an investment in the fund, and then pay annual dividends to the fund, the essence of the fund is to use the dividends paid by the committee members to pay the subsidies of his family members."

"Huh?" Rand probably understood the confusing logic of the Galloping Horse Fund.

In a way, the Bull Horse Fund is a so-called financial plate, where people just put some specific projects into the fund pool, although it does not create additional value, but makes the size of the fund look very good. And in the eyes of the goddess of wealth, the scale of the entire fund is an illusory bubble, which will explode sooner or later.

"Wait a minute, if everyone doesn't lose money or make money, then why do you need this fund?" Rand was a little strange, "Isn't this equivalent to me paying a sum of money for a workshop to pay my son's salary?" ”

"Yes, but your workshop has more nominal staff as a result, so it looks bigger and can keep attracting new orders and investment." Cardinal nodded, "The Galloping Horse Fund also hopes that the investment application of the new workshop, the new workshop investment will bring high returns, but in the past 10 years, there have been fewer and fewer new workshops, and all the subsidies have been fixed." ”

"I understand, that's right" Rand nodded, in fact, after communicating with the Goddess of Wealth, Rand understood that the entire Galloping Horse Fund was actually a financing tool for the Empire, but the Goddess of Fortune answered his part about the bubble, and the other part was missing:

Since there is a large bubble in the fund, how did the existing subsidies come from, after all, the Treasury Department of the Human Empire can't really print money out of thin air, they just mint the gold coins sent by the goddess of wealth into the official style of the empire.

Now the cardinal has figured out that this fund has always been divided into two parts, one is the real subsidy-related part, which is actually a financial plate, and everyone puts money into it to support their own families.

The second is the bubble part that has nothing to do with the subsidy, which is an illusion created by the Imperial Treasury Department: this fund is particularly rich and can send a lot of money, which can attract both the investment of the great nobles and the young Magus to apply for subsidies, and many of the Magister Workshops have to submit accounts to the Fund's secretariat every year, and the Empire has a grasp of the actual operation of these workshops.

"From this point of view, there is actually nothing wrong with this Galloping Horse Fund, right?" Rand figured out the logic in his heart, "Just let the people of the imperial capital and Fiat worry about the fund." ”

"Originally, there was really no problem, but there will be a problem when we came" After checking the accounts, Cardinal came to a conclusion, that is, the flexible funds of the Galloping Horse Fund are actually very limited, and the total amount is less than 100,000 gold coins.

And the staff of the fund secretariat and the executive committee are actually not sufficient, and if 30 magicians are pulled out, it is likely that there will be a big problem.

Coincidentally, the fund has advanced nearly 200,000 gold coins for Rand's new magic furnace, and Rand has also detained nearly 80 mages in Night Qicheng City. As a result, the entire fund cannot be turned over, either in terms of funds or personnel.

"Is this fund so fragile?" Rand touched his head, indicating that it was a little bigger.

"It may be more fragile than you think, the Warcraft meat subsidy you declared to the fund before, or the targeted subsidy provided by Zhuo Qin and the Kaul family."

"I didn't expect that I was still fed by these two families, so I'll send two magic furnaces to the two of them in the future!" Rand nodded, now he is extremely magnanimous, whoever gives him the grace of dripping water, he is the magic furnace to repay.

From the legacy of the original Galloping Horse family, to the capital plate of the Imperial Treasury Department, and then to a means of financing, it has now become a minefield with few entities but a large number of bubbles, and the most fundamental reason is that the productivity of the empire is completely built on a fixed number of magic furnaces, and once the potential of the magic furnace is tapped, the growth of the empire's productivity will completely stagnate.

Before the Emperor 700 years ago, empires in a similar situation used to develop alien colonies in an attempt to stimulate economic vitality through foreign immigration, but 300 years ago, the magic wave directly interrupted the colonial cause, and since then, the empire without coinage rights has only been financed by financial means.

"My lord, you better find a way to decouple the territory from the Galloping Horse Fund as soon as possible, this fund is too pitiful!" Cardinal looked at Rand with worry in his eyes, "And even if you bring it up now, the Imperial Treasury may not really want to." ”

"Can the Finance Department let me go?" Rand smiled and said, "It's funny enough that the fund didn't tie me up." ”

(End of chapter)