Blackstone Code

What would happen if an authoritative program began reporting on a potentially fraudulent company?

The reason why authority is authority is because people tend to trust it unconditionally!

It's like professors often represent authority in the eyes of students. They will believe what the professor writes on the blackboard, and few will question it.

This is like an announcement issued by the government. People will not have any doubts about these announcements after they understand them. Although there will still be people who question them, but very few.

Nothing can completely and completely put everyone on the same side, and the same goes for trust, so it is not a big problem to have doubts, it is normal.

The power of authority is very terrifying. If used well, it can be a beacon that guides people. If used improperly, it can become a cause of disaster.

People sitting in front of the TV watching this authoritative program at this moment are looking at the title written in gold on the TV screen and recalling the short film they just watched.

The investors and stockholders inside showed crazy and twisted expressions as if they were possessed by the devil. Even some people who were not involved can feel the atmosphere, which is a little scary, but also somewhat indescribable. Something to long for.

His Majesty the Emperor stopped eating. This was not the end of the meal. He just felt that the matter seemed to be getting out of control.

The Chancellor of Finance told him in the morning that everything was under control, but at noon, these things showed something not good.

Even through the screen, His Majesty the Emperor could smell the stench and knew where the stench came from.

The dissatisfaction of the nobles has been going on for a long time. In the words of the nobles, they helped Gaevra win wars with money and effort, but the wars did not bring satisfactory returns, and they could not even protect their capital. arrive.

Now, because of the shift in development focus, they have suffered additional losses, and all of them have long been very dissatisfied with him as the emperor.

It was just that the ministers unanimously supported him and suppressed the dissatisfaction of the nobles, but this did not mean that the noble group really had no ability to resist at all.

They must be up to something. His Majesty the Emperor waved his hand and asked people to remove all the food. He has no appetite at all now.

Those idiots had no idea that Lynch was planning this matter by getting involved with the nobles during this time!

But this also made His Majesty the Emperor some questions about how he planned and how he connected the nobles to complete all the arrangements quietly.

He was a little curious, but of course he was more angry. Letting Lynch stay in Gaevra was indeed the worst decision. After the canonization, he should be let go!

In the TV show, the host sat with two well-known financial practitioners in the empire. The host's expression was not particularly serious. Compared with the smiles on his face before, it actually made people feel that this program s difference.

While sorting out the manuscript, he asked, "Everyone has just watched the short film and seems to have a certain understanding of Yuanrong Financial Bonds. I would like to ask two financial experts, is it possible?"

He turned to look at the other two experts and continued to refine his question, "As long as they spend money to buy gold coupons, no matter whether they can find a gold mine, it only takes one year to get 96% of the money back. With this Is that possible?"

"If they can really find a gold mine, will the income from the gold mine be able to meet the high rate of return of the gold certificate?"

The two financial experts had obviously done their homework before going on the show. One of them shook his head. He picked up a document and showed it to the camera. At the same time, the TV screen cut to another shot, and the document appeared completely on the screen. , and very clear.

There is a lot of data listed above, and there is also an expert's explanation off-screen, "This is the return rate of some of the most well-known financial hedge funds in the world last year, the highest of which was only 16%, and the highest return of Bayler Federal was The foundation only gave 13%.”

"And the highest rate of return we, all foundations and related organizations, give is only 12 percent."

“These are all reliable, formal financial institutions, and some of the founders or operators of these institutions have left their names in history.”

"None of these professionals can give such a high rate of return, why..." The scene cut back to the studio, and there was a hint of ridicule on the expert's face, "Why can a foreigner who has never gone to college give such a high rate of return?" Ninety-six percent annual return?”

"The most interesting thing is that there are still many people who believe this statement!" His voice was exaggerated, as if he was saying "Some people believe this, do you have any brains?"

The camera was quickly shown to another expert, who then said, "Let's talk about the profitability of the gold mine."

"As of the last trading day last week, the closing price of gold was only 22 fralas an ounce, and the price per ton was 770,000 fralas."

"It seems that this price is very good, but we have to be clear about an important factor. Refining one ton of high-purity gold not only takes time, but also requires various costs."

"Some of the data we can find so far gives us a simple figure, which is that in an ordinary gold mine, each ton of ore can provide less than ten grams of gold."

"We calculate it based on ten grams of gold, which is... about eight yuan."

"But to dig out one ton of ore, crush it and screen out the parts containing gold before crushing and smelting it, our company will have to pay about three to four yuan in cost, including transportation."

"We have an inaccurate form here. Inaccuracy does not mean that it is too much, but that the number is much less than the actual number because there are still many people who have not registered and some people are unwilling to tell their true identity. The number of gold certificates held.”

The second expert took out a form and the camera switched again, "As far as we know, the number of gold coupons purchased in the first phase exceeds 10 million. We don't know exactly how much more."

"Eight percent of ten million is eight hundred thousand. They need to be able to purify at least three tons of pure gold every month to barely maintain their expenses, let alone make a profit."

"But there is not only one phase of gold coupons, there is also a second phase, a third phase, and I even heard that the sales of the fifth phase have already started, and they are very popular."

"At least hundreds of millions of gold certificates have been sold out, and every month they have to pay at least eight million to investors."

"What kind of gold mine do I need to dig to earn back this money? Is it a natural pure gold mine?"

"Of course, it's possible that Yuan Financing Capital actually has a lot of gold mines put into use, and they have enough reserves to do this, as they said, what they want to do is make money with everyone, they It’s doing good.”

The sarcasm in the language was released almost unabashedly, but no one laughed in the studio or in front of the TV screen. Everyone realized how terrible this thing was.

What’s scary is not its rate of return, but the fact that the first batch of gold coupons attracted tens of millions of funds, and even more rebates later on.

In fact, this is quite normal. Anyone would be tempted by an annual return rate of 96%.

The host nodded and asked again, "But Yuanrong Capital's operating conditions are very good, and it has also been successfully listed. We can't find any problems from their financial reports."

"The growth rate of several times every month has exceeded that of most or even all enterprises in the empire. Is there any problem with this? What is the problem?"

The two experts looked at each other, and the expert pursed his lips and nodded, "Yes, host, there are not only problems here, but also big problems."

"Actually, we have already discussed this issue just now. The higher the profit growth rate of Yuanrong Capital, the more expenses it needs to bear every month."

"The monthly expenditure of at least 8 million is not something that can be sustained by a gold mine. Because the latest financial report was two months ago, we cannot know its specific operating conditions now."

"I believe it should be larger now and require more funds to be paid every month, possibly 20 million or even 30 million."

The expert said in a somewhat inducing tone, "It's okay if there is no problem, but if there is a problem, the gold coupon will completely collapse."

The host's brows knitted together, "You mean, Yuanrong Capital might not be able to afford those rebates?"

Expert 2 nodded, "Actually, we think this probability is very high, because we can't find an industry that matches its profitability among all the current industries."

“We do have some industries with high profit ratios, such as industries with profits of dozens or hundreds of times, but these industries are limited by various reasons, such as small scale, small output value, low sales or long cycle. "

"Yuanrong Capital has also claimed that gold mines and gold are the main way to make profits. This is not in line with our assessment, so we think it may have lied in this regard."

Mining is making money, but this money is not quick money. In short, every statement points to the same point of view, that is, Yuanrong Capital is committing fraud.

The host's expression became more solemn. He picked up a newspaper and showed it to the camera. "This is the Ledu Daily published today. It contains a piece of bombshell news."

"A reporter accidentally discovered an important clue and went to a gold mining area owned by Yuanrong Capital for an unannounced visit."

"They also promoted this mine last month..." The host picked up another newspaper, which showed a photo of a large group of people holding large or small gold ore in their hands, gathering in the mine for a group photo, " These investors went underground and dug their own ore.”

"But now, this reporter discovered that this mining area was actually abandoned a few years ago, and also discovered some more important information..."

The host kept showing off, and even the audience who had not read "Ledu Daily" had a general understanding of it, and most of them picked up the phone to order today's newspaper.

The host put down all the comparative materials and continued to ask, "Let's make a bold assumption. If all gold mines did not exist, how could Yuanrong Capital maintain the current situation?"

"How are they able to pay each period's rebates in full and on time and create better operating results?"