As soon as the Human Emperor Banner came out, I became the Lord of the Old Ones

Chapter 287 Be Prepared
As a result, the growth rate of the Dawn Fund could not keep up with the rate of consumption, resulting in increasingly larger losses.

Originally, if the fund operated completely legally and compliantly, it could have been sustained for a long time even with increased expenses.

The problem was that during the golden age of the Heroic Spirit Alliance's economic boom, everyone was overly optimistic about the future and diverted a large portion of funds from the Dawn Fund to make various investments.

As the economic situation deteriorated rapidly, a large portion of investments suffered huge losses, and some long-term investments were stuck and could not be withdrawn in the short term.

When Liming Heavy Industry underwent strategic transformation and encountered several failures, in order to protect its precarious cash flow and prevent an instant collapse, it also borrowed a large sum of money from the Liming Fund to cover its losses. When this money can be repaid is also a long way off.

It's hard to say whether the people running these investments were simply too aggressive and reckless.

Or was it done intentionally?

After all, while their investments failed, their own pockets swelled at an astonishing rate.

In short, everyone felt that Liming Heavy Industry was a large and powerful company, and that it was only a small amount that had been misappropriated, which would be paid back in a while.

Even if they really can't repay, as long as they dig one or two new mineral veins, they can patch up any loopholes.

The result of everyone thinking this way is that there are more and more loopholes, to the point that the site is riddled with holes and falls apart.

At this point, the mindset of the person in charge underwent a subtle change.

The initial thought was "It's just a minor hole that can be patched up in time," but the subsequent thought shifted to "The hole is already too big to patch up, so there's no point in trying to fix it."

Even, "With so many huge holes, the Dawn Fund could collapse at any time, and Dawn Heavy Industry would be finished as well. It's time to plan for myself. If I don't make a fortune now, what will I do when the company really goes under?"
As a result, this illegal misappropriation of funds not only failed to be curbed, but instead intensified, becoming an open secret among the top management of Liming Heavy Industry.

It's not that no one wants to stop it.

But even within the BlackRock family, there isn't a monolithic entity.

Even powerful figures like Hess Blackride, along with their siblings and ambitious nephews and nieces, engage in fierce and covert power struggles.

Neither of them are saints; they each have leverage over the other, and they prioritize their own interests over those of their families or businesses.

Not to mention the fierce competition between the BlackRock family and other shareholders.

A thorough investigation may not save Dawn Heavy Industries, but it could very well plunge the BlackRock family into an abyss of no return—under such circumstances, it’s not hard to guess what choice the BlackRock family will make.

As for minority shareholders, they may also be unaware of the situation.

However, they were a disorganized group and unable to unite to fight the BlackRock family to the end.

Some minority shareholders fear the BlackRock family's ruthless methods. Some minority shareholders themselves are also embroiled in problems.

Some small and medium-sized shareholders prefer to make secret deals with the BlackRock family to share the "life fund" that should belong to all the lower-level miners, make a quick buck, and then run away.

In short, all those in the know turned a blind eye to the serious misappropriation and deficits of the Dawn Fund.

To this day, the entire fund has been depleted, and the accounts behind it are so dark that even the most powerful miner's lamp cannot illuminate them.

"Without a massive injection of funds, the bubble in Dawn Fund is likely to burst completely before the end of this year."

Jean-Jacques said, "At that time, the hospitals that provide medical services to all the low-level miners under Dawn Heavy Industries who suffer from Spirit Corruption will be unable to maintain the most basic operations. Doctors and nurses will not be paid, and there will be no money to purchase any drugs, including painkillers. Even the special medical institutions that house terminal patients of Spirit Corruption will not be able to maintain themselves. No one knows what will happen to these once hardworking and meritorious terminal patients of Spirit Corruption, or whether they will escape and wander the streets."

"Similarly, tens of thousands of retired miners will not receive a single penny of pension. This will affect not only themselves and their families, but also many small vendors who rely on their consumption to barely make a living. It should be noted that a large part of the basic commercial system in Dawn City is supported by the consumption power of retired miners."

"Not to mention the allowances and subsidies for disabled miners and the pensions for deceased miners. Without this money, the orphans and widows they leave behind will either starve to death or take to the streets before they starve to death, venting their despair and anger."

"Moreover, Dawn Fund is associated with more than a dozen small and medium-sized funds and insurance companies, and is also involved in dozens of investment projects that are theoretically legal and compliant."

"Once the Dawn Fund collapses, it will instantly trigger a chain reaction, dealing a fatal blow to these funds, insurance companies and investment projects, causing a complete collapse that is even more terrible than the old natural disasters."

"If things really get to this point, then even a god can't save us!"

According to information secretly gathered by Jean-Jacques, the Belgrade family had prepared two strategies to avoid the worst-case scenario, or rather, to protect their family interests even in the worst-case scenario, and even to snatch chestnuts from the fire.

If one could manipulate the financial market by releasing false information and obtain a massive influx of funds, that would be ideal.

The safest approach is to use a massive amount of capital to solve the immediate crisis of the Dawn Fund, and then gradually find a way to smooth over the flawed accounts.

However, if the plan to manipulate the financial market doesn't go smoothly, like right now, with the faint stench of corpses emanating from Dawn City attracting predators like the Black Dream Organization, it doesn't matter.

Since we've already gone this far, let's go all the way and even accelerate the destruction of Liming Heavy Industry, let the company go bankrupt completely, and then put it in a do-or-die situation to survive!
In any case, most of the profits that the BlackRock family earned through Dawn Heavy Industries over the past half-century have already been transferred out through various channels.

Even if Dawn Heavy Industries goes bankrupt, the damage to the BlackRock family will be quite limited.

Moreover, the Belad family has complete control over all the survey data of the mining areas near Dawn City, knowing which mines still have development value, which mines are truly on the verge of depletion, and which mines are a hot potato, with unknown dangers hidden next to the rich mineral veins.

Once things settle down, the BlackRock family can establish a brand-new mining company and reacquire the high-quality assets of Dawn Heavy Industries.

(End of this chapter)