In July 1856, the Vienna government officially went into operation „to lock plan”, the government increased the infrastructure investment, publicly tendered to the outside world. 1856年7月,维也纳政府正式开始实施“套牢计划”,政府加大基础设施投资,向外界公开招标。 Meanwhile, the railway network also starts to plan, almost every city was planned on track line, then tenders. 与此同时,铁路网也开始重新规划,几乎每一座城市都被规划上的铁路线,然后进行招标。 Not only this time is the domestic railway company can participate, the overseas railway company can participate in the competitive tender similarly, does not set any investment limit. 这次不光是国内的铁路公司可以参与,海外的铁路公司同样可以参与竞标,不设任何投资限制。 An old rule track line is only authorized to a railway company, does not permit the building redundant project waste resources, satisfies everyone to want the desire of monopolist operation. 还是老规矩一条铁路线只授权给一家铁路公司,不允许重复建设浪费资源,满足大家想要垄断经营的愿望。 It seems like very happy, the prerequisite is the railway company must begin and finish on time on time, if cannot achieve prepares to cry! 看上去非常的美好,前提条件是铁路公司必须要按时开工、按时完工,如果做不到就准备哭吧！ According to new plan, once the railway network construction is completed, the new Holy Roman Empire railroad total length will be the astonishing 97,000 kilometers. 按照新的计划,一旦铁路网建设完成,新神圣罗马帝国的铁路总里程将会达到惊人的9.7万公里。 But at present the railroad total length of national is about 15,800 kilometers, is constructing the railway project also to be only 32,100 kilometers, now almost enlarges one time. 而目前全国的铁路总里程也不过1.58万公里,在建铁路项目也只有3.21万公里,现在几乎是放大了一倍。 Considering some railroad route routes of new plan too leaning, is very difficult to obtain the profit, to attract investor, the Vienna government also pledged that is exempted from tax to the remote road section forever. 考虑到新规划的铁路路线有些路线太偏,很难取得赢利,为了吸引投资者,维也纳政府还承诺对偏僻路段永远免税。 The good news flickering ordinary investor, the smart people knows, this is only attractive pictures of cakes. However in the market frantic age, who will care about so many? 利好的消息忽悠普通投资者还可以,聪明人都知道,这只是一张诱人的画饼。然而在市场狂热的年代,谁会在乎这么多呢？ The smart people know, project finally the success is defeated, so long as to become final taking over a business, they can make money. 聪明人都知道,项目最终无论是成功还是失败,只要不成为最后的接盘者,他们都可以从中赚到钱。 Although Austria benefits all railway companies not to win the advantage, but the railroad stock is actually expected to rise, very favoring capital market. 尽管奥地利所有的铁路公司都没有赢过利,可是铁路股票却是一路看涨,非常受资本市场的看好。 The railroad that at present is open to traffic is gaining, this gave many people to create an misconception, thinks that the railway company was the business that gained steadily does not compensate, particularly Austria benefitted the railroad to be able the monopolist operation. 目前通车的铁路都在赢利,这给很多人造成了一种错觉,认为铁路公司是稳赚不赔的买卖,尤其是奥地利铁路可以垄断经营。 In the RFP program, the Vienna government also in boast heartily, for example at present the new Holy Roman Empire rate of economic development, to railway transportation the demand and population high rate of increment, these is the good news. 招标项目上,维也纳政府也在尽情的吹嘘,比如说目前新神圣罗马帝国的经济发展速度、对铁路运输的需求量、人口高增长率,这些都是利好的消息。 After packs, many speculators incurred, theoretically these track lines will gain completely, even the most remote Bosnia railroad, will still gain in the future. 经过这么包装下来,不少投机者都中招了,理论上这些铁路线全部都会赢利,即便是最偏僻的波黑地区铁路,未来也会赢利。 These data have not deceived people, the railroad profit is really only the time issue. This age does not have the automobile, not to have the airplane, does not have any transportation vehicle in the land transport can with the railroad competition. 这些数据没有骗人,铁路赢利真的只是时间问题。这个年代没有汽车、没有飞机,在陆路运输中没有任何交通工具可以和铁路竞争。 The new Holy Roman Empire national territory is not big, does not have the too remote place, does not have the desolate and uninhabited border area, in the future will have the discovery potential. 新神圣罗马帝国的国土并不大,没有太偏僻的地方,不存在荒无人烟边疆,未来都是有发现潜力的。 Franz estimated that if the Vienna government does not limit the railway transportation price, then after ten years, over 70% routes can gain ; 20 years later, over 90% routes can gain ; When 30 years later, the complete route can gain. 弗朗茨估计,如果维也纳政府不对铁路运输价格进行限制,那么十年过后,百分之七十以上的路线可以赢利;二十年后,百分之九十以上的路线可以赢利;等到三十年后,全部路线都可以赢利了。 This profit establishes, in does not consider in the construction cost, but the pure business income exceeded the operation cost, wanted to recover the investment not to know to lord knows. 这个赢利是建立在不考虑建设成本上的,只是单纯的营业收入超过了运营成本,想要收回投资不知道要猴年马月了。 The construction cost of railroad has not received, needs to conduct the overhaul, again good of maintenance, dozens years must replace most railway rails and railroad ties from now on. 铁路的建设成本还没有收回来,又需要进行大修了,保养的再好,几十年过后也要更换大部分铁轨和枕木。 Since is the pictures of cakes, Franz did not mind that makes it seem like more attractive. For example the Vienna government pledged, subsidizes the serious losing money route, guarantees the normal operation of railroad. 既然是画饼,弗朗茨不介意让它看上去更加诱人一些。比如说维也纳政府承诺,对严重亏本路线进行补贴,保证铁路的正常运营。 This commitment with is in fact different, the track line that the operation cost cannot receive, the railway company will definitely give up! 这个承诺实际上和没有一样,运营成本都收不回来的铁路线,铁路公司肯定会放弃啊！ As the Vienna government of taking over a business hero, regardless of does not give the subsidy, finally must guarantee the normal operation of railroad. The safeguard foundation traffic equipment is unimpeded, this is the responsibility and duty of government, this sum of money must have radically. 作为接盘侠的维也纳政府,无论给不给补贴,最后都要保证铁路的正常运营。保障基础交通设施畅通,这是政府的责任和义务,这笔钱根本就是少不了。 Has not waited by that time, the economic crisis breaks out, the railway company funding chain break, accepts the government to invest becomes inevitable, comes economies several times, the biggest shareholder turned into the Vienna government. 况且还等不到那个时候,经济危机爆发,铁路公司资金链断裂,接受政府入股就成为了必然,多来几次经济,最大的股东就变成维也纳政府了。 Can have the railroad holding power in the regular range, why can break the rule? 能够在规则范围内掌握铁路控股权,为什么要打破规则呢？ Attains the holding power of railroad with the economic means that may compared with throwing off the table, the crude announcement railroad state-owned wanted wise many. 用经济手段拿到铁路的控股权,可比掀翻了桌子,粗暴的宣布铁路国有要高明的多。 The management system of joint stock system cooperation company, many that must lower compared with the government direct commission bureaucrat managed cost. 况且,股份制合作公司的管理体系,也比政府直接任命官僚管理成本要低的多。 ...... …… London 伦敦 Barclays somewhat the embryonic form of Barclays Financial group, besides foreign has not openly announced now establishes the financial group, attaches in the bank peripheral capitalists essentially, has a strength of financial group. 巴克莱银行现在已经有几分巴克莱银行财团的雏形了,除了没有对外公开宣布建立财团外,本质上依附在银行周边的资本家们,已经拥有一个财团的实力。 Barclays's fund has exceeded 100 million pounds, exceeded 300 million pounds through the fund that the money market can transfer, the industry of affecting exceeded 500 million pounds, in British Many Financial groups is also top several. 巴克莱银行本身的资金已经超过了一亿英镑,通过金融市场可以调动的资金更是超过了三亿英镑,影响到的产业超过了五亿英镑,在英国众多财团中也是排名前几位的。 President Genou put out one pack of materials to distribute to the people, then said: „, In some time ago, the Vienna government suddenly announced that vigorously invests the infrastructure. 总裁杰诺斯拿出了一叠资料分发给众人,然后说道:“诸位,就在不久前,维也纳政府突然宣布大力投资基础设施。 Including: Railroad, harbor and city water project and municipal engineering reconstruction, even some hydraulic engineering, were included in the tender range. 包括:铁路、港口、城市饮水工程、市政工程改建,甚至还有一些水利工程,都纳入了招标范围之内。 It is expected that the total investment amount Gundam/reaches as high as 480 million aegises, is 240 million pounds, the driven peripheral industry market exceeded 500 million pounds. This is a capital grand feast, similarly also follows very daunting challenge. 预计总投资金额高达4.8亿神盾,也就是2.4亿英镑,带动的周边产业市场超过了5亿英镑。这是一场资本盛宴,同样也伴随着非常严峻的挑战。 How can in the risk in the situation in bottom, take the biggest cake, is the topic that we must discuss today. 如何能够在把风险控制到最低点的情况下,拿下最大的蛋糕,就是我们今天要讨论的话题。 The material has issued everyone, on the whole before similar that we understand, but present wanting is more detailed, related to specific project. ” 资料已经发给大家了,大体上和之前我们了解的差不多,只是现在的要详细一些,涉及到了具体项目。” Big capitalist Simon questioned: „Mr. Genou, as far as I know the Vienna government's last year total state revenue 121 million aegises, this year over 128 million aegises, will they with not obtaining this great sum of money come out to invest?” 大资本家西蒙质疑道:“杰诺斯先生,据我所知维也纳政府去年的财政总收入不过1.21亿神盾,今年也不会超过1.28亿神盾,他们拿得出这笔巨款出来投资么？” Genou calm reply: The economic development that „ in recent years Austria benefits is swift and violent, the Vienna government taking the opportunity of Near East war successful broke out of the financial trouble. 杰诺斯淡定的回答道:“最近几年奥地利的经济发展迅猛,维也纳政府借近东战争的机会成功的摆脱了财政困境。 Especially after annexing several German state, the new Holy Roman Empire total population of just being born surpassed 50 million, the economic output surpassed the French, only this in us. 尤其是在兼并几个德意志邦国后,刚刚诞生的新神圣罗马帝国总人口超过了五千万,经济总量就超过了法国人,仅此于我们。 At present the total debt of their government less than 80 million aegises, this debt proportion can be said as quite low, if they must finance outward, everyone won't reject? ” 目前他们政府的总债务还不足8000万神盾,这个债务比例可以说是相当的低,如果他们要对外融资,想必大家不会拒绝吧？” Does the rejection, how reject? Who can unable to pass with money, the capital serious surplus English, this year is seeking for the investment everywhere the place. Facing an excellent customer, how can for no reason rejection for no reason? 拒绝,怎么拒绝呢？谁会和钱过不去,资本严重过剩的英国人,这年头正在到处寻找投资的地方。面对一个优质客户,怎么能够凭白无故的拒绝呢？ If can through the loan, affect the new Holy Roman Empire money market, then the underlying interest was bigger. 如果可以通过贷款,影响到新神圣罗马帝国的金融市场,那么潜在的利益就更大了。 Simon replied without hesitation: „ Naturally, the Vienna government now is the excellent customer, so long as they are willing to join pound- golden system, provides the loan not to have any problem to them. 西蒙毫不犹豫的回答道:“当然,维也纳政府现在是优质客户,只要他们肯加入英镑-黄金体系,给他们提供贷款不存在任何问题。 But they will not join, Austria altruistic also wants to do aegis- golden system, is impossible to compromise to the London government easily. 可是他们不会加入的,奥地利人还想要搞神盾-黄金体系,不可能轻易向伦敦政府妥协。 In this case, do we also want to do this business? ” 这种情况下,我们还要做这一笔生意么？” Capitalist Pohnert asked back: „ Doesn't the business of money-making, why do? 资本家伯纳特反问道:“赚钱的买卖,为什么不做？ Controls their money markets through the loan, again through the decision of monetary effect Vienna government, making them accept the pound gold- system, this is a long-term work. 通过贷款控制他们的金融市场,再通过金融影响维也纳政府的决策,让他们接受英镑黄金-体系,这是一项长期性的工作。 The strategy of our approach and government is consistent, but also requires the little time. New Holy Roman Empire is also a great nation, wish makes them compromise, is not matter in one single day, slow point is safer. ” 我们的做法和政府的战略是一致的,只不过还需要一点点时间。新神圣罗马帝国也是一个大国,想要让他们妥协,不是一朝一夕的事情,慢点儿更加稳妥。” Except that previous is the real soul talk, behind was the ghost pulls. Truly can achieve through the loan control money market, but this is under the theory condition. 除了前一句是真心话,后面都是鬼扯了。通过贷款控制金融市场确实可以做到,不过这是理论状态下。 Austria benefits the capital is not a fool, for own benefit, will resist their capital invasions, obviously where the Vienna government will stand in. 奥地利资本又不是傻子,为了自己的利益,也会抵抗他们的资本入侵,维也纳政府会站在哪边非常的明显。 Has not heard, a loan controlled a finance of great nation. 从来没有听说过,一笔贷款就控制住了一个大国的金融。 Only if they can make the Vienna government finance have the problem, relies on the overseas for a long time loans, then inevitable will come under their influences. 除非他们能够让维也纳政府财政出现问题,长期依赖于海外贷款,那么不可避免的会受到他们的影响。 But such a, the excellent customer turned into the inferior customer, the necessity that the business has not made. 可是这么一来,优质客户又变成了劣质客户,生意没有做下去的必要了。 Genou said seriously: „ The plan of London government, makes them implement, we support them to be able, but the premise does not infringe own benefit. 杰诺斯严肃的说:“伦敦政府的计划,还是让他们自己去实施吧,我们支持他们可以,但前提是不损害自己的利益。 Everyone must forget not, the bait that the Vienna government ejects is the belt/bring poison, they request the investor first to pay the construction funds, and must pay the earnest money. 大家莫要忘了,维也纳政府抛出的诱饵是带毒的,他们要求投资者先垫付建设资金,并且还要缴纳保证金。 Once the midway presents the accident, project funds chain break, not only the earlier investment throws away carelessly, but must be confiscated the earnest money, all risks were taken by the investor. 一旦中途出现变故,项目资金链断裂,不但前期的投资打了水漂,还要被没收保证金,所有的风险都被投资者承担了。 The projects of this extrusion large amount of funds, seem like prepare for us specially, this is not rather normal. 这种挤压大量资金的项目,似乎是专门为我们准备的,这未免太不正常了。 From the current economic condition analysis, this round of economic development, as if must reach the limit. The fruit is mature, the day of harvesting is not far. 从目前的经济情况分析,这一轮经济发展,似乎要到极限了。果实已经成熟了,收割的日子已经不远了。 When the economic crisis approaches, the Vienna government dished out this big plan, I suspect them to swindle the earnest money. ” 在经济危机临近的时候,维也纳政府抛出了这个大计划,我非常怀疑他们就是为了骗取保证金。” Pohnert said without hesitation: „ Even they in the deceit earnest money, that still establish under the premise of project rotten tail, so long as finishes smoothly, they need the payment, I do not think that the Vienna government will repudiate a debt. 伯纳特毫不犹豫的说:“就算是他们在欺骗保证金,那也是建立在项目烂尾的前提下,只要顺利完工,他们就必须要支付款,我不认为维也纳政府会赖账。 Compares the earnest money, I felt they bigger possibly launches in a pull people, once everyone invests in the fund the infrastructure that these are unable to display, even the economic crisis broke out, still no means take out the fund from the Austria advantage. 相比保证金,我觉得他们更大的可能还是在拉人下水,一旦大家把资金投入到了这些无法表现的基础设施上,就算是经济危机爆发了,也没有办法从奥地利抽出资金。 For does not make the earlier investment throw away carelessly, the investors have to continue to invest, so long as these projects are constructing normally, the influence that then this economic crisis benefits to Austria reduced lowly. 为了不让前期的投入打水漂,投资者们还不得不继续投入下去,只要这些工程在正常施工,那么这场经济危机对奥地利的影响就降低到了最低。 However, will my unusual suspicion Austria advantage lead to the economic crisis? 不过,我非常的怀疑奥地利会爆发经济危机么？ Although the capitalist economy develops the present, the country that affected were getting more and more, the impact that but the conservative Austria advantage was under should not be big. 尽管资本主义经济发展到了现在,影响到的国家越来越多,可是保守的奥地利受到的冲击应该并不大。 Even they have not felt, what the real economic crisis is, used is making a fuss over a trifling matter? ” 甚至他们从来都没有感受过,真正的经济危机是什么样,用的着这么小题大做么？” Simon sneers saying: „ Pohnert's your thought stays several years ago! Since 1850, Austria benefitted the market to become the area that the British capital most supported. 西蒙冷笑道:“伯纳特你的思维还是停留在几年前吧！从1850年开始,奥地利市场就成为了英国资本最热捧的地区。 So far, the British capital in the total investment in new sacred Roman area should over 180 million pounds, the French capital not be lower than 50 million pounds in that side investment. 截止到目前为止,英国资本在新神圣罗马地区的总投资应该超过1.8亿英镑了,法国资本在那边的投资也不会低于5000万英镑。 Only Barclays exceeded 15 million pounds in that side investment, if we reassign the fund to leave together, the economic crisis that Austria benefits will break out immediately. ” 光巴克莱银行在那边的投资都超过了1500万英镑,如果我们一起抽调资金离开,奥地利的经济危机马上就会爆发。” They have the proud qualification, this age is the Great Britain capital advantage maximum time, even is away from their recent French, is unable with it being on par. 他们有自傲的本钱,这个年代是大英帝国资本优势最大的时候,即便是距离他们最近的法国人,都无法与之比肩。 Genou took a fast look around people saying: „ No matter Austria has what conspiracy altruistic, so long as does not hinder us to make money, we can continue to cooperate. 杰诺斯扫视了一眼众人说:“不管奥地利人有什么阴谋,只要不妨碍到我们赚钱,我们就可以继续合作下去。 Only in the hand the material depending on us, guesses that at present their plans are not far-fetched. No matter the Vienna government has what conspiracy, the project that their time takes, truly has many premium assets. 仅凭我们目前手中资料,猜测他们的计划是非常不靠谱的。不管维也纳政府有什么阴谋,他们这次拿出来的项目,确实存在着很多优质资产。 So long as we screen in this premium asset, then found the way to take was good, the remaining trash assets who liked taking over, whom made meet. 我们只要把这里面的优质资产筛选出来,然后想办法拿到手就行了,剩下的垃圾资产谁爱接手,就让谁去接好了。 If possible, can everyone can also try hard, look certain seemingly happy trash projects, loses to our competitors. 如果可能的话,大家还可以努力一下,看看能不能把某些看上去美好的垃圾项目,丢给我们的竞争对手。 In I opinion, urban security potable water pipe network project very good, can swallow, once this project is completed, your conceivable, monopolized an city piped water supply running water profit. ” 在我个人看来,城市安全饮水管网工程就非常的不错,可以吞下来,一旦这个项目完成,你们可以想象一下,垄断了一座城市自来水供应的利润。” Simon coordinated saying: „ Genou, you are that fierce, selects the project of most effective value. 西蒙非常配合的说:“杰诺斯,你还是那么厉害,一眼就挑中最有效价值的项目。 Our affiliated several water company, is the stablest source of wealth, hardly by influence of market fluctuation. 我们旗下的几家自来水公司,一直都是最稳定的财源,几乎不受市场波动的影响。 However, I felt, so long as Austria bids altruistic enough high , to continue part of municipal engineering projects, we can also help them issue the construction bond while convenient, solves the call for fund of project. ” 不过,我觉得只要奥地利人出价够高,承接一部分市政工程项目也可以,顺便我们还可以帮他们发行建设债券,解决项目的资金需求。” Obviously, he settles on is not the municipal construction project, but is the issue debentures, this is the business of government subsidy to farmers in drought or raining incidents. 显然,他看中的不是什么市政建设工程,而是发行债券,这才是旱涝保收的买卖。 These bonds are not they eat up, but sells in the London money market for the Vienna government, regardless of can cash in finally are not related with them, in any case the handling charge and remittance fee/spent first gained. 这些债券又不是他们自己吃下的,而是替维也纳政府在伦敦金融市场上销售,无论最后能不能兑现都和他们没有关系,反正手续费和汇兑费先赚到了。 Pohnert added: „ Our railway company cannot idle, now the domestic business growth has almost stagnated, the development potential is not big. 伯纳特补充道:“我们的铁路公司也不能闲着,现在国内的业务增长几乎已经停滞,发展潜力已经不大了。 No matter what must take several track lines while this opportunity, pushes the stock price again upward, then looks for under the family/home to take over a business. ” 不管怎么样也要趁这个机会拿下几条铁路线,把股价再往上推一推,然后再找个下家来接盘。” Obviously everyone knows this inside has the crisis, but this does not hinder them to make money, so long as the profit is big enough, who cares about the Vienna government to do? 显然大家都知道了这里面存在着危机,可是这并不妨碍他们赚钱,只要利润足够大,谁在乎维也纳政府到底想要干什么呢？ Everyone's different opinions, are in fact also representing the respective different interest demand. In the same financial group, everyone's development direction is impossible to be the same. 大家不同的意见,实际上也是代表着各自不同的利益诉求。同一个财团中,大家的发展方向也不可能都是一样的。 Everyone has own goal, in situation that in the benefit does not conflict, can achieve the close cooperation. 大家都有自己的目标,在利益不冲突的情况下,才能够做到亲密合作。 If cannot achieve this point, then this/should branch family must divide family property. To put it bluntly, the financial group is only a union of interest group, once everyone conflicts of interest are too big, disintegrating is also very natural matter. 如果做不到这一点,那么该分家的还是要分家。说白了,财团只是一个利益集团的结合,一旦大家利益冲突太大,分崩离析也是非常自然的事情。