King

Interests can best heal pain. Regardless of whether the Near East Development Bank has stepped on a scam or not, asset appreciation is real after all.

The reason why everyone believes it is very simple. A great nobleman will not put his own reputation into falsification. He cannot do it at all!

Investment is risky, and it is understandable that emerging industries accidentally step on the trap. Even if the shareholders were honest, they would at most ask for someone to come over and supervise.

In fact, this does nothing. To deceive a bunch of laymen who don't know anything, Hudson has plenty of ways to do it.

Participating in specific operations can only be imagined. Compared with the banks they created themselves, the Near East Development Bank is a top student.

"Marshal, we have no intention of questioning your business operations. It's just that the Near East Development Bank already has so many assets in its accounts, so there's no need for further financing, right?"

Samantha asked, frowning.

From the perspective of asset appreciation, the development of the Near East Development Bank is indeed good, but everyone has to think twice before financing again.

For no other reason than the Near East Development Bank, which occupies most of the Alpha Kingdom market, has reached the mid-to-late stage of development.

If it weren't for the newly opened market in the Principality of Moxi, the story would not be able to continue. As a result, we did not see any return on investment, and instead reached out to shareholders again to ask for money.

"There is no way. Although the loan from the Principality of Moxi can be recovered, the time period required is too long, which seriously squeezes the bank's operating cash flow.

In order to develop better, we must supplement our cash flow.

Don’t worry, everyone. As the major shareholder of the bank, I will also inject capital in proportion to the number of shares, just like everyone else! "

Hudson said boldly.

The Near East Development Bank is indeed short of cash flow, but the reason is not the false accounts of the Principality of Moxi, but the sequelae of the money shortage crisis in the Northern Continent.

Gold tickets circulated in the market instead of gold coins, but in essence they were not currency, but bank debt.

With net assets of less than 30 million, but carrying operating debt of more than 200 million, it is simply a replica of the bank in its previous life.

The problem is that the current speed of capital circulation is far less than in previous generations. In the event of major changes, the Near East Development Bank's ability to resist risks is still very low.

Financing to supplement cash flow is undoubtedly the best solution.

The most important thing is that Hudson still has a huge interest-free loan, and he doesn't know where to use it.

It would be impossible to withdraw it, which would drain the bank's cash flow. It would be too wasteful to just leave it all on the account.

Seeing that the shareholders were in a good mood, Hudson simply launched a financing plan again. Regardless of whether others are willing to follow him or not, he will definitely inject capital into the bank anyway.

If you take the bank's interest-free lifetime loan series and acquire the bank's shares, you won't lose money no matter what.

At the beginning, a lot of shares were transferred for the development of the bank, and Hudson also wanted to take some back.

Who made the development of the Near East Development Bank so good?

The expected wave of defaults not only did not occur, but a lot of capital costs were recovered.

The development cycle of agriculture and animal husbandry is usually relatively short. The group of noble lords who first took out the loan have now begun to repay their debts.

Especially the business in the southeastern provinces has now entered the harvest period. The nobles did not have the habit of being in debt for a long time. After taking a breath, many noble lords came over to pay off their loans in advance.

Without packaging the loans into financial capital and selling them, Hudson is naturally not afraid of people paying back their money in advance.

After a good start, Hudson was surprised to find that as long as no changes occurred in the kingdom, the Near East Development Bank would soon be on the right track.

As long as the loans in the hinterland of the kingdom can be recovered normally, the banks in the Near East can hold on even if the debts in the Near East are a little worse.

Theoretically, the Near East Development Bank can accept a bad debt rate of 10% without a collapse in credibility.

Converted to the two high-risk markets of the Near East and Northern Xinjiang, as long as 20% of the local debt can be recovered normally and 30% of the principal can be recovered, the bank can operate normally.

Considering the current strength comparison between the kingdom and the orcs, Hudson felt that even if he suffered a defeat, he would not be reduced to half of the noble territories without any heirs.

Since there is a "money path", it makes sense to recover the shares.

If it weren't for the fact that there are too few wealthy people these days and it's difficult to disguise their identity, he would have wanted to create a few vests and trumpets to join the financing team to buy back bank shares.

"Marshal, the amount of capital injection this time is too high!

Twenty million gold coins is equivalent to your country's entire fiscal revenue for a year. Does the Near East Development Bank really need so much money? "

Powell on the side couldn't help but question.

As soon as the affairs in the Principality of Moxi were over, he rushed over to attend the shareholders' meeting without stopping. Originally, he came here to investigate and prosecute, but he was deceived by Hudson into financing again.

As soon as the words left his mouth, Powell noticed something was wrong. Aren’t you going to object to financing? Why did you follow the discussion on the financing amount by mistake?

I knew I was being manipulated, but once the words were spoken, there was no way to take them back.

"We can discuss the specific financing amount! Twenty million is just an ideal number, and everyone's affordability must also be considered.

By the way, Earl Powell, the data you just presented is not accurate. With the kingdom's economic recovery, our fiscal revenue has exceeded 20 million gold coins.

Perhaps it won't be long before total fiscal revenue exceeds the 30 million mark. The kingdom's future financial revenue will probably stabilize at between 40 and 50 million gold coins! "

Hudson responded with a smile.

There is no doubt that the fiscal revenue he refers to refers to total revenue, not just cash revenue.

Under normal circumstances, the fiscal revenue of the feudal dynasty will not change much. The increase in the financial revenue of the Alpha Kingdom is mainly due to the increase in the territory of the Kingdom.

If you open the map, you will see that the kingdom's territory has almost doubled compared to ten years ago, and the fiscal revenue limit has naturally increased accordingly.

The Royal Government is poor, mainly because the seven provinces in the Near East are in the tax holiday, and the seven provinces in Northern Xinjiang are also currently enjoying tax reductions.

The queen's six-province dowry is currently in the development stage and is also not taxed.

Income has not increased significantly, but expenses have risen sharply. The bulk of this is naturally the military expenditure in the Near East, followed by the construction cost of official roads along the way.

With more than 20 million yuan in fiscal revenue, it has an obligation of 40 to 50 million yuan in revenue. It is difficult for the government not to be poor.

If the government was not too poor, the kingdom's top leaders would not leave the important task of raising strategic supplies to the three countries in the Central Continent.

"Thank you Marshal Hudson for the reminder, but this is not the topic of today's focus. Compared with your country's fiscal revenue, I think everyone is more willing to know the specific operating conditions of the Near East Development Bank!"

Earl Powell responded without changing his expression, as if the inappropriate metaphor just now had not happened.

"I'm sorry, Your Majesty the Earl. In order to protect the privacy of customers, the bank's detailed accounts cannot be made public.

These economic data are not just pure business, but also involve politics. Once the data is leaked, it will inevitably cause huge losses to the kingdom! "

Hudson refused righteously.

The continent of Aslant has not yet entered the information age, but many things can be seen through these economic data.

The main reason for the smooth development of the Near East Development Bank is that all parties did not realize the importance of the bank and simply believed that it was a profitable business.

It's just about making money. With Hudson's identity and status, and by recruiting a bunch of interest groups, he can naturally cover it up.

If something happens and everyone realizes that banks can control the lifeblood of the economy, everything will be different.

Even if the Near East Development Bank survived, equity would have to be redistributed, and it would be impossible to give Hudson full control of the bank's operations.

After a heated exchange of words, Hudson took on the spirit of "talking against a group of scholars" and deceived all the representatives into stunned silence.

Of course, the blessing of identity alone plays half of the role here, and the other half comes from human greed.

Compared with all the shareholder representatives, Hudson's status was undoubtedly the highest at the scene, and his aura directly overwhelmed everyone.

Perhaps the bosses behind these investors are no worse than Hudson, or even higher in status, but they can't come in person!

The momentum that had finally been gathered up was lost at the beginning of the negotiations, but was thwarted by Hudson. When another wave of inducements came, everyone really couldn't withstand it.

According to the bank development plan presented by Hudson, when the Near East Development Bank enters a mature stage, it will allocate 10 million gold coins for cash dividends every year.

How can a group of shareholder representatives withstand such huge returns?

We have seen a lot of hugely profitable industries, but there is probably no other industry in the entire continent that can accommodate such huge investments and achieve huge returns.

"Painting" also pays attention to technique. Judging purely from the development trajectory of the Near East Development Bank, it can really pay out 10 million gold coins in dividends every year after entering the mature stage.

However, the premise is that the economy of the Northern Continent continues to grow at a high speed, customers can repay their loans on time, and the aliens must keep their peace.

From an investor's perspective, this is a gamble. However, the previous financing has already made a bet, and now it is too late to withdraw.

If the shares are sold at the original price, they will definitely be sold, but the problem is that the bank's valuation is too high. Who is willing to kill them at the knee?

For a company that can stably pay tens of millions of dividends every year in three years, there is nothing wrong with a valuation of 100 million, and it is even undervalued.

However, it is internal financing now, and it makes no sense to talk about valuation. The only thing everyone can do is to reduce the amount of financing to reduce investment risks.

The financing amount was reduced from 20 million to 10 million, which was a perfect cut in the middle, but Hudson was still smiling happily.

It seems that an increase of more than 5 million in cash flow is nothing to the current Near East Development Bank, but it actually greatly increases its ability to resist risks.

Different from normal commercial banks, the biggest risk of the Near East Development Bank is not the run on depositors, but the too many gold tickets issued.

In name, it facilitates transactions, but in fact it is printing money. The difference is that these banknotes are not endorsed by the credibility of the country.

If the bank's reputation is high enough, the currency value of the gold note can be stable and it can also be regarded as currency.

The loans currently issued by banks are actually a series of numbers on the magic crystal card. After getting the loan, you cannot withdraw cash immediately.

If you want to trade with the outside world, you must do it in a bank to prove that the funds have not been misappropriated for other purposes.

The reason is ready-to supervise the safety of funds!

After the transaction is completed, the seller who has received the payment can naturally withdraw cash freely. It's just that at this time, bank staff will definitely sell golden tickets as soon as possible.

Except for the difficulties encountered during the initial promotion period, the gold tickets issued by the Near East Development Bank can basically be used for normal transactions in the Northern Continent.

Of course, this is limited to transaction use, and few people hold golden tickets on a large scale. Compared with this piece of paper treated with special technology, everyone still prefers gold coins.

It is precisely because of its good reputation that the Near East Development Bank is able to extend loans aggressively despite a serious shortage of deposit funds.

After receiving cash flow supplement, the bank's operating cash flow is enough to cope with the run crisis of depositors.

The hot money flowing in the market now is purely printed by Hudson himself. In essence, the amount of money in the Northern Continent is still insufficient.

For the kingdom's economic prosperity, Hudson can say without hesitation: This is his own credit.

As an unsung hero, he has done so many good things, so naturally he cannot let the outside world know about him.

If one day the Near East Development Bank explodes with lightning, the Alpha Kingdom's economy will be torn apart, which will be more severe than a magnitude 9 earthquake.

…

In the Orc Empire, since the news of the opening of the Heritage Holy Land came out, the disputes on the prairie suddenly subsided.

All races are busy cultivating talented children, hoping to stand out in the next trial and obtain the inheritance left by the beast god.

Frankly speaking, the Beast God is also worried about the continuation of the orc race. Other racial gods allow each race to develop freely, with the exception of the beast god.

The Orc Empire merged together is a giant, and the Orc Empire separated is nothing.

Even the orc royal family, if you pick one at random and put it on the mainland, they will be at the bottom.

Not every race is an Elf race. It would be difficult for a race with a population of several million to survive alone on the continent.

There are many internal races and the limited strength of a single race determines that the internal fighting in the Orc Empire is extremely fierce.

Frequent wars are disastrous for civilization. If you are not careful, your inheritance will be lost in the civil war.

Of course, the most critical core factor is knowledge monopoly. After obtaining the inheritance, only general cultivation knowledge will be disseminated, and the core content will always be kept by the senior officials themselves.

If you encounter some selfish trialists, the core inheritance will only be owned by the recipient, and the higher-ups of the race will not get all the inheritance.

Until the last moment of life, even direct descendants will find it difficult to obtain all the cultivation inheritance.

Under this knowledge inheritance system, it is difficult to think of problems. Many times, all it takes is an accident, and the cultivation inheritance related to the holy realm is gone.

After a few more generations, even ordinary cultivation methods may become incomplete.

Usually when this happens, each clan will organize manpower to find ways to complete the cultivation inheritance.

However, sectarian prejudices still cannot be eliminated, and everyone likes to keep a hand in key places.

There is no way. The Orc Empire, which advocates the law of the jungle, commits rebellion too frequently.

If a ruler wants to stabilize his position, the best choice is to leave backup in key places and suppress the development of his subordinates to protect his own advantages.

Fortunately, the Beast God had foresight and knew very well who his followers were, so he had arranged his backup plan early.

The inheritance holy land that appears from time to time has become the hope of all ethnic groups. Theoretically speaking, as long as they obtain the inheritance left by the Beast God, all races have a chance to stand up and counterattack.

However, theories are just theories after all. Although the beast god left a legacy, he did not become a bad person. If you want to get the inheritance, you have to fight for it. Only the outstanding ones can get the inheritance.

As for the losers, most of them stayed in the trial place permanently, and only a few were lucky enough to survive.

If you don't get the inheritance, coming back alive may not be a good thing. The suspicion and suspicion among the clan can make the orcs collapse.

Geniuses all have their own arrogance. Most of the losers in the trial will choose to live in seclusion alone and never return to the clan.

For all races, the life and death of those who failed the trial no longer mattered. There was no difference between living and dead.

Looking at the crowd of Behemoth talents in front of him, Prince Butzweig was filled with emotion. Once upon a time, he was also the proud son of the Behemoth clan.

It's just that the Beamon clan was at its peak at that time. Under their rule, the Orc Empire bullied the Alpha Kingdom.

Looking back at those glorious years, Prince Butzweig couldn't help but want to cry. The inheritance accumulated by the ancestors for several generations was all thrown away by a prodigal son.

"Prince, all the heroes of the clan have been assembled. Do you think we can start?"

Saatuk asked slightly hesitantly.

Reason told him that his boss was in a state of sadness, and it was not a good choice to disturb him at this moment.

It’s just that all the Behemoths are gathered here, just waiting for Prince Butzweig to lecture them, and it won’t work without reminding them!

"Um!"

Prince Butzweig, who was brought back to reality, responded and immediately walked to the high platform, looking down at the young Behemoths.

"You all know the matter, so I won't explain it any further. The inheritance of the Holy Land is of great importance, and the future destiny of the Behemoth clan is now in your hands.

No matter what, we have to get the inheritance this time and come back alive as much as possible.

Time waits for no one. The more you improve your strength, the greater the chance of surviving when you arrive at the Holy Land of Heritage. Start training now! "

Prince Butzweig said earnestly.

The Behemoth clan can no longer afford to lose. If they cannot obtain the inheritance, not only will the status of the royal family be in jeopardy, but even the status of the great clan will be difficult to maintain.

Inheriting something like this is like buying a lottery ticket. Whether you can win the lottery depends entirely on whether the beast god favors you.

Being strong can increase the probability of survival, but it cannot increase the probability of obtaining inheritance. If the beast god does not bless you, no matter how strong you are, it will be useless.