Ch. 1851..1860
Life at the Top Chapter 1851
“Mr. Kayden, the press conference is
about to begin, please take a seat.” At this time, the host came over and said t
o Kayden respectfully.
Kayden nodded. When he was about to walk towards the main position, the host asked again, “Mr. Kayden, isn’t Mr. Joe attending?”
Kayden glanced at the blond hair and blue -eyed host and said, “The president of Layman Investment Bank is here, isn’t h e? My father and Mr. Dugg are still busy with the handover, so I’ll be the one attending this conference.”
The host clearly felt Kayden’s dissatisfaction and hurriedly said, “Yes, I understand.”
Kayden would be representing Fongroup, while another middle-aged man named Kissinger would represent Layman as the president of Layman Investment Bank.
After the press conference, Kayden came t
o the Layman Investment Bank
headquarters on Wall Street. As he raised
his head and looked at the towering
building that was Layman’s headquarters,
he finally felt a little more relaxed.
“Jasper, you are still fighting to your
death in the mainland while facing the
risk of bankruptcy at any moment, but I
have just entered Wall Street. The gap
between you and me will truly widen from
this moment. You have to understand that
such an opportunity will never come by
again, and you will never be able to catch u
p with me.”
The United States financial market
announced the early end of this trading
day with a trading curb.
However, Jasper could not relax.
This was because Baz, who was keeping a
In eye on the domestic market, came to
him with a lot of data.
“Mr. Laine, it doesn’t look good.”
Baz said to Jasper with a report in his
hand, “According to our data, Wall Street funds continue to grow and has now reached 130 billion US Dollars. At the same time, they have separated into 600 accounts of different sizes.
“All of this indicates that they are waiting for the opening to deal a thunderous blow to the domestic market.”
Jasper looked at the report carefully with
his eyebrows tightly knitted together.
“The market hasn’t opened yet, so we can’t see which sectors they are mainly targeting, but we can generally guess some of them.”
After using a pen to circle the two major sectors that read Internet and infrastructure, Jasper said, “The Internet i s the general trend of the future, and infrastructure is currently an important means of driving domestic economic growth, so they will definitely target these two industries.
“Our focus should also be on these two sectors, but the specifics will not be known until the opening tomorrow.”
Baz nodded his head at Jasper’s words.
Then, he said with some worry, “Why won’t the government consider making this news public in advance? Otherwise, domestic investors will suffer heavy losses.”
Jasper glanced at Baz and said, ” Publishing the news in advance will inevitably cause panic in the market. If that happens, all the funds will flee, and w e will collapse them before Wall Street makes their over here.”
At this moment, Jasper’s cell phone rang.
It was from the little prince..
“You should go out first.”
After he dismissed Baz, Jasper answered
the call.
On the phone, the little prince’s voice sounded a bit heavy. He said, “Wall Street will take action when the market opens tomorrow. I’ve discussed with Lord. Alvarado, and we’ve decided to sell most o the stocks belonging to our families’ companies immediately after opening.”
Jasper said noncommittally, “Yes, but
once the capital of Wall Street arrives, you must stop immediately, otherwise you will become their accomplices.”
With a sigh, the little prince asked, “Do
you think the A shares can take this one?”
“No idea.”
Jasper rarely gave an indeterminate answer. He said, “Our domestic financial system is too fragile. Frankly speaking, the number of funds used by Wall Street alone can completely crash the A-shares. The strength of the enemy is huge, so this battle will be difficult to fight.”
Jasper’s words clearly hurt the little
prince.
His eyebrows twitched. Before this, he always felt that with his family background and mind, he would flourish n o matter the circumstance.
However, now he understood that even a country’s power seemed so miniscule in the face of the invasion of Wall Street capital, let alone his own family’s.
“Just do your best,” said the little prince.
“If doing my best works, then it’d be very easy. The problem now is that we can’t lose we can’t afford to lose.”
Jasper rubbed his temples. Then, he closed his eyes slightly and said, “In short, everything depends on the actions o f Wall Street after the opening of tomorrow. We will know whether they are coming like thunder or wind tomorrow.
After hanging up, Jasper walked to the french window to look at the night outside with a frown on his face.
Life at the Top Chapter 1852
The next day, Jasper came to the command room at nine o’clock sharp,
Since they had to fight on two sides, only one-third of the team members remained in the command room at this time.
After all, the current team was mainly responsible for the financial market in the United States, so even after the allocation of the staff, the strength of the team managing the United States were given priority to be left undisturbed. Therefore, Jasper only allocated one-third of the manpower for Baz to monitor the situation in the mainland market.
“Mr. Laine.”
Baz immediately greeted Jasper when he saw the latter arriving.
With a serious expression, he accompanied Jasper, but at the same time maintained a distance from him as the
two walked to the command room together. “The market will open in about 20 minutes, but it seems that the market has gotten hold of some rumors. In short, the atmosphere is very tense.
“Some signs can be seen in the call auction stage. Let’s continue this inside.”
Jasper walked to the command room and said.
“Are there any changes in Wall Street capital’s account and the number of funds?”
“There is no charge for the time being, but the funds held by the accounts change very frequently. It seems that they are deliberately adjusting their strategies or trying to confuse us. The amount of funds held in each account is different and I don’t understand what their intention is.”
Jasper said in a deep voice after remembering this detail in silence, “You should go and prepare first. I want to contact Swallow Capital.”
Jasper did not have Mr. Mason’s contact, s o he looked for Tony.
“Mr. Pratt, it’s me, Jasper.”
After the call went through, Jasper said
straightforwardly, “The market is
opening soon. I wonder what Swallow
Capital is thinking right now.”
Tony’s voice sounded a little tired as he said, “At present, we have agreed in principle to speed up the listing of stateowned enterprises. State-owned enterprises in monopolistic industries such as oil and tobacco companies will take special procedures to prepare for listing as soon as possible. On the other hand, the participation of the social security fund is huge, so I can’t provide an accurate timeline for that yet.”
Jasper knew this in his heart, and asked, ”
I can’t draw any funds here. When will the
palace guards enter the market?”
Tony answered in a deep voice, “It
depends on the specific situation. Now, no
one can determine what kind of situation
we will be facing.”
Jasper said with a sigh, “I will follow the
real-time dynamics. If necessary, you can
contact me at any time.
“Alright.”
At this moment, not only the mainland of Somerland was nervously waiting for the opening of the market, but Soros was also looking forward to the opening in the United States on the other side of the Pacific Ocean.
Because of the time difference, it was late at night in the United States.
The trading center where Soros was located was brightly lit.
He listened to the report of the team under him. Everything was ready, and a satisfied smile appeared on the corner of his mouth.
Since the start of the war, Jasper had always gained the upper hand and he was always pressing Soros on the ground as he beat him violently.
Now things had changed for the better, and it was his turn to enter the market of the Somerland mainland to attack Jasper’s nest.
“This time, we have gathered the most elite forces on Wall Street, and Somerland must be prepared too, but this is not important. They are not our equal because their financial market has only had a few years to develop.”
Soros looked at Rogers vigorously and said, “So, we have to use the most severe means to teach Somerland a tough lesson so that they’ll understand that no matter when, they will not have a good ending if they provoke the United States, Wall Street, or us.”
Rogers nodded and said, “I really want to see their desperate expressions after we overturn Jasper’s nest.”
“Hahaha!”
Soros guffawed and said, “The senior officials in Washington hope to use Jasper’s hands to complete the surgical operation on the United States economy, but since Jasper is about to complete this operation, he is not needed anymore, so we’ll just stab this knife into Somerland’s heart fiercely.”
“What feels strange to me is that the Somerland government hasn’t done anything at all until now.” Rogers
frowned slightly.
“What else can they do?”
Soros sneered and said, “Today, the Foreign Minister of the United States will start a three-day visit to Sunrise Land. The theme of this visit is to discuss the financial situation in Terra and the Foreign Minister of Coreana will also follow. This is a clear and obvious signal that if Somerland doesn’t want to start an all-around economic war with the United States, then it can only surrender.
“You know, Somerland’s foundation is still very weak and they have just begun to develop. Do you think they can afford an economic sanction at this time?”
“I see.”
Rogers’ eyes lit up and he said, “I thought those damned politicians would only squander taxpayers’ money. It seems that they’ve made the right decision this time.”
At this moment, the team leader came in.
“The call auction stage has begun.”
Soros immediately displayed the content on the television screen.
Although the opening time had not yet arrived, there will be a period before the opening of the market where pending orders could be traded. This period was called a call auction. Once the market officially opened, these transactions would be executed immediately if they met the trading rules.
However, at this time, the call auction on the mainland stock market in Somerland caused a lot of people’s jaws to drop.
Some large institutions started to dump the stocks of various listed companies they held as if it was agreed upon.
Regardless of whether they had made a profit or whether they had held them, they were like catfish that could foresee the imminent natural disasters and were starting to flee frantically.
In this situation, some people were overjoyed and they began to take over the market, while others began to wonder and feel doubtful. They were looking back to the economic news to see if there was an upcoming bad news or negative policy. Even so, some well-informed large institutions had already begun to flee wildly regardless of losses and costs!
Life at the Top Chapter 1853
Mr. Laine, the collective fleeing of institutions has caused panic to spread in the stock market. The market is not
opened yet but the net outflow of funds in the stock market is already at an astronomical figure. It has reached a third
of the usual trading volume. I am afraid this number will soar instantly when the market opens, which is very detrimental t
o the defensive plan.”
Baz said to Jasper, looking off-colored.
Jasper was not surprised by this.
“Even husband and wife will leave each other when there’s trouble, let alone in the financial market.
“These institutions have their own connections, so they can source the news from their own channels. They will
inevitably flee in advance. You can’t force them to stay and wait for their doom. “In truth, this is fine. You can consider
this as retaining a portion of vitality.” After Baz heard that, he said helplessly, ” But they fled at this critical juncture regardless of the overall situation, even if they are retained, what can we expect them to do? These people will sell their souls for gain. How disgusting.”
Jasper smiled and said, “Baz, old chap, don’t judge others by your values. They just have their own stand and attitude. When we’re in this position, we can’t flee even if we want to, and we’re also unable t o flee because we gained a lot, so naturally we’ll have to bear a heavier burden.
“Even if we flee, we would still die once the overall situation collapses, but these institutions are different.
“The composition of the shares of an institution is complex. Every shareholder has their own tricks and plans. Right now they’re allowed to run, but when the time comes, as long as the institutions find a way to show the shareholders some interests and benefits, they will naturally come back.”
Pointing to the market that is about to open and entering the countdown, Jasper
said meaningfully, “The idea of a leader using people and the idea of a dealer controlling the market are roughly the same. Even if we want to protect the market now, we need to think of ourselves as the dealer of this market, while the institutions are just hot money.
“When the dealer enters the market, what they need to think about is how to use the power of hot money to expand their own strength. You can’t expect all the hot money to play games with the dealer unconditionally. If you go short, let the hot money see the possibility that the stock price is about to fall, but if you go long, you will make hot money feel the hope that this stock will inevitably rise. It i s nothing more than guiding the profit following the trend of development.
“To put it bluntly, it’s profit.
“You have to let the people see the benefits, so that they will be willing to be used by you and it’s because they can get the benefits. However, what they see right now is not a benefit but a collapse so it will only be weird if they don’t run away.
“These people’s ideological
consciousness is not high enough to make
them willing to sacrifice themselves to
benefit everyone. If you want to be famous
in the financial circle, the first thing you
need to abandon is your conscience.”
Jasper’s words obviously had a big impact
on Baz.
Looking at Baz’s thoughtful and confused
expression, Jasper let out a sigh of relief.
He did not plan to give him more
explanations.
Baz was intelligent and talented, but he
lacked Jake’s cruelty and savageness. In
the financial market, letting one’s
emotions affect one’s decisions would get
them into big trouble.
He hoped Baz could figure it out.
It would be the best if he could, then he
and Jake could contain each other and
take responsibility for each of the markets.
If he did not, he could only be Jake’s
deputy forever.
“It’s open.
Jasper’s words interrupted Baz’s thoughts.
At this moment, the Somerland domestic
A-share market officially opened.
The moment the market opened, most of
the sell orders of those institutions that
had fled during the call auction stage were
immediately traded, and the impact was
that the market directly plunged right
after trading commenced.
Since this was an all-round escape,
almost all major sectors were affected.
The plummeting of the market meant that
the trend of the sector began to fall. As
soon as the sector fell, the individual
stocks in the sector would immediately
begin to fall.
The normal stocks would be fine. The
most terrifying ones were those odd
stocks or leading stocks that originally
had institutions as dealers. These stocks
were speculated by dealers initially. Once
the dealers began to retreat, their stock
prices would immediately fall.
In the eyes of stockholders who did not
understand the reason, they were the so called odd stocks and magic stocks that were hyped up by the dealers back then and were now plummeting without warning at the same time. Some of the stocks that the dealers pushed up high were even declared limit down a few minutes after the market opened.
This scene stunned the domestic investors.
The mainland stock market had only developed for less than 20 years. Domestic stockholders had experienced bull and bear markets, but under the intervention of national policies, they were limited to this. When had they seen what a stock market crash looked like?
What was in front of the domestic investors now was a stock market crash that would sweep the country.
Then, Wall Street capital entered the market before the domestic investors realized what was happening.
At this moment, countless tycoons in the country including Jasper and even Swallow Capital focused their attention over here.
It did not matter if the institution fled early, or whether the stockholders were: trapped in the middle without anyone to help them, this was nothing to those top tier bigwigs in the country. This was just a snowflake in a snowstorm and it was not worth their attention at all.
What they really needed to prepare for was the prehistoric behemoth of over 130 billion US Dollars that Wall Street Capital brought over.
Wall Street Capital was making a shocking big move.
“Mr. Laine, they have taken action. The
first sectors that are affected are the
liquor, medical, technology, and Internet
sectors.”
Since JW Foundation was not involved in the actual defense of the country this time, what Baz’s team needed to do was t o keep an eye on the movements of Wall Street capital and be responsible for intelligence collection.
“Liquor?”
Jasper raised his eyebrows slightly and said, “They have investigated and
understood our domestic market.”
The liquor industry was a sector unique to Somerland, with Brandy as the number one. Jasper, who had been reincarnated from 20 years in the future, knew that Brandy was far from being the first in the later generations of Somerland, but it had already shown some success.
“Wall Street capital is starting to take action. They are using money to crush the entire market regardless of costs and losses. Right now in the four sectors, liquor is down 7%, medical is down 6.4%, technology is down 10%, and the Internet sector is down 6%.”
Even after dealing with Wall Street capital for so long and he was mentally prepared, Jasper still could not help but sigh deeply when he looked at the data of the first 15 minutes of the opening.
“The foundation of the domestic market i s too weak and it is even weaker than I thought. It can’t stand the fight at all. If this continues, a stock market crash will break out today.”
Life at the Top Chapter 1854
Baz was taken aback by Jasper’s decision.
Until today, no one would question Jasper’s financial and economic judgments, let alone Baz who was with
Jasper day and night, witnessing him making the correct decisions and creating miracles time and time again.
“So, Mr. Laine, do we want to inform Swallow Capital?”
With a wave of his hand, Reuben, who always gave Jasper a feeling of mystery, flashed across Jasper’s brain. If the
person in charge of the palace guards under the SBS Bank had such skills, what more the excessive number of wise people in Swallow Capital.
“No, they would have seen what we see even earlier and with more detail.”
“Let’s watch the battle first. This may also be the pain that the domestic stock market must go through in order to
mature.”
Camden Securities was a private securities company that started relatively early in Somerland.
The founder of this company, Irving Smalls, was one of the first people in Somerland who had access to advanced foreign financial methods and circles. After the domestic securities market began to develop, he returned to Somerland and founded Camden Securities.
Relying on his experience and processes that was always one step ahead of others, Irving achieved financial freedom early and became the richest man in the locality.
As he got older, Irving also gradually
transferred this family business to his
son, Asher Smalls.
Now in Honor City, the Smalls were a big family through-and-through.
However, today, the father and son were sitting in the chairman’s office in the company. They had frowns on their faces a s the office was filled with smoke. Cigarette butts had slowly piled up into a hill by their hands.
“Dad, what should we do now? Our loss is too great.” When Asher spoke, his lips were trembling, and his eyes were terrified.
As a securities company, they could easily obtain the transaction data of clients who had opened an account in their company. At the same time, they could also embezzle the clients’ funds.
This whole time, Asher had become accustomed to misappropriating their clients’ funds to invest in stocks for the company.
Although they made countless losses and gains under the supervision of Irving, who had a steady investment style, the overall profit was still greater than the losses, so that was why the Smalls’ lifestyle was constantly improving.
However, with today’s unexplained plunge in the market, they temporarily went back in time to a period before the liberation. Boom!
Irving slammed his hand on the desk and
said with regret, “I heard some rumors
that the domestic stock market was going
to collapse over the past two days, but I
didn’t believe it. Now, it’s too late. Our
funds are all trapped in those stocks. I
I don’t think there is a solution at all after
looking at the situation.”
“Dad, is there any other way? Why don’t w
e find someone else to dismantle it? Or
perhaps find the listed companies we
operate and strike a deal with them?”
Asher asked in a panic.
Irving’s lips trembled and he said, “This i
s a stock market crash, and it’s a real one.
They are now overwhelmed too and can’t
even save themselves. Who has time to
take care of us? As for those listed
companies, I am afraid they are more
anxious than we are now. We don’t have a
choice and there is no other way at all.”
“Dad, don’t you have a good relationship
with the vice president of JW Foundation i
n the domestic financial industry? Would
you like to try to contact Mr. Laine of JW
Foundation through that vice president?
Even if it means we have to merge our entire company, it’s still better than to be
caught embezzling client funds and going
to jail,” Asher suddenly proposed.
“JW Foundation….”
Irving repeated the name silently in a conflicted tone.
In today’s domestic financial world. people would inevitably feel a sense of worship whenever they mentioned those two words.
That was simply a behemoth of another level and another world. How would their small family be seen by such a behemoth?
“I will give it a try, but our chances are slim. The gap of several hundred million i n funds is too big….”
As Irving said that, he sighed deeply. There were a few more wrinkles around his eyes and he seemed to have aged more
than a decade in an instant.
The Monty Manor in the province.
Steven had been in charge of the Montys ever since Conrad stepped down as the head of the house.
After listening to the situation of the three
listed companies controlled by the
Montys, Steven considered for a moment
before getting up and saying, “I’ll make a
few calls first. Wait for me here.”
“Yes, sir,” the butler replied respectfully.
Although the situation was not optimistic,
the butler was not too worried because he
knew that the head of the family could
directly contact Jasper, the boss of JW
Foundation through various connections.
Nowadays in the domestic financial
industry, it was generally accepted that as
long as Jasper nodded his head, nothing
was impossible.
When Jasper received a call from Steven, h
e was surprised.
“Mr. Monty, please tell me.”
Jasper was actually pretty fond of Steve,
He was very humble, but he had a sense of
wisdom and experience in dealing with
people from all over.
In Jasper’s view, this kind of person fitted
the image of the first group of people in Somerland to obtain wealth.
This kind of elder could be regarded as a form of heritage if they were present in a family.
Besides, even though Jasper and Conrad were fighting to their deaths at the beginning, there was no dramatic scene where after the young got defeated, the old would come seeking revenge. Steven had done nothing to Jasper from beginning to end, be it good or the bad.
However, Jasper felt that Steven only used himself as a whetstone for Conrad and that Steven was hoping that through his constant engagement against Jasper, Conrad would grow after the multiple blows.
Steven also succeeded in this sense because the current Conrad was very different.
Life at the Top Chapter 1855
“It’s like this. There are three listed companies under my name, but the situation is very bad now. Did something
happen in the market that is independent from market and national policies?”
Steven’s question made Jasper smile wryly.
This was not the first call he had received that was essentially asking him for help.
He did not know any of those people except Steven, but somehow they were all able to find his phone number. There was
even the boss of a securities company who persuaded a vice president under him to come to ask for favors.
Could Jasper help? Obviously not.
It was not that he was unable to, it was
that he could not.
In the face of the impending stock market crash, thousandsof domestic companies had been victimized. If he was able to help one company, he would not be able to help. the other one. Jasper was not a god, and h e could not print money. Hence, he could not help everyone.
However, he could not be too harsh when
he rejected them.
The boss who came to ask for help
naturally did not dare to say anything, but
Jasper would make things awkward for
the vice president who came asking for
favors due to his professional relationship
with Jasper. Hence, Jasper had to be more
considerate in dealing with this.
Somerland was a society of social
relationships, and this was vividly
reflected at this time.
“It is true. Wall Street capital is attacking
the domestic stock market with 130
billion US Dollars. This is just the
beginning, and the future situation will be
more severe. More and more listed
companies will suffer until it radiates
outward to the real industry chain. At that
point, the social and economic operations
of the entire country.”
Jasper’s words left Steven silent for a
moment.
“Is it because of the revenge of those guys
from the United States?”
Jasper nodded and replied, “Yes.”
“Alright, I got it.”
Steven did not ask Jasper to help, and this
made Jasper feel very apologetic.
After all, Conrad was working under him
now. He figured she should aid Steven for
the sake of Conrad and was willing to
break his rules once in a while.
“If you need help from JW Foundation, I
will find a way to help you apply for a
trading suspension. The time period can b
e extended as much as possible too. In
terms of funds, if the amount is not
particularly large, we can also
disassemble part of it,” Jasper proactively
said.
Steven laughed when he heard this.
“You think I came to ask for help, right.”
Jasper did not reply, which meant that he
was tacitly agreeing to this statement.
“I don’t know much about finance, but I
understand that the current situation is
critical. This is the general trend and both
you and I can’t prevent it. The things that you’re facing right now should be more complicated than the ones that I’m facing, so you don’t need to worry about this little thing.”
“Mr. Monty, you’re being too kind. I haven’t repaid you properly for the small courtyard you gave me. So, this is something I should do.”
“It’s nice that you still remember that. I’ll end this conversation here then, I won’t bother you anymore.”
“Okay, I’ll bring Conrad to meet you for
tea another day.”
“I’d be delighted.”
Jasper hung up the phone in a hurry because, at this time, the Securities Regulatory Commission issued an emergency notice on the impending stock market crash.
“Notices on standardizing the domestic
stock market.”
After reading the entire notice, Jasper saw that they mainly strengthened supervision and the authority of the securities regulatory authority. At the
same time, they punished more than a dozen listed companies and individuals who had violated regulations.
However, the most important part of this announcement was the contents of its latter half.
“Accelerate the listing of large state owned enterprises such as Somerland Petroleum, PetroSomer, and Nobile to ensure that state-owned enterprises are steadily listed. Furthermore, it is stipulated that any state-owned enterprise must distribute no less than 15 % of the total equity to the market to truly allow the citizens to benefit from the people-owned enterprises…”
Looking at this announcement, Jasper inexplicably felt the influence of the butterfly effect.
The affects of this announcement was large and far-reaching.
Because of Somerland’s special national conditions, before the rise of super private companies like Abbylon and Terizone, everyone in Somerland knew
the truly powerful and profitable companies were still those big state owned companies.
Therefore, when such a large state-owned enterprise with a legal monopoly in the industry went public and promised to distribute at least 15% of the total equity shares to the market, it was nothing short of a shocking benefit for the domestic market.
Moreover, the market’s reaction to this would be absolutely genuine.
After the announcement, the entire tragically green A-share market recovered in an instant, and a large amount of private capital began to pour into the stock market.
The energy sector with Somerland Petroleum and PetroSomer as their representatives and the communications sector represented by Nobile were the first two major sectors that turned from green to red.
“Although Wall Street capital has a huge amount of funds, its power is too scattered. They tried to defeat the A-share market on the first day, so they launched
a full range of blows.
“With the favorable stimulus of state owned enterprises going public, the energy and communications sectors have become the best place for safe-haven funds in the entire market.
“The force emitted from these two sectors is too strong, and the entire market has stopped falling due to their influence.”
Baz sat beside Jasper as he analyzed the current situation in front of him like he was very familiar with this matter.
Life at the Top Chapter 1856
Jasper nodded, confirming Baz’s judgment.
Indeed, if Baz could not even see this, all his time spent beside Jasper would have been in vain.
“The market opened with 2653 points today and then fell to 2400 points after the escape of institutional funds and the
sniping of Wall Street capital. “But now the rise of the communications and energy sectors has caused the market
to hover around 2410.
“The competition between the short and long sides for the 2400 support point is extremely fierce.”
Baz said as he stared at the market while frowning. “But I always feel that this is just the relative calm before the storm.
Wall Street capital definitely has the strength to break through the 2400 support point in one breath, but I wonder
why they didn’t do it.”
“They are fishing,” Jasper said.
As soon as these words came out, Baz was shocked.
However, Jasper did not explain much because the market had already changed a t this time.
The market which was originally fluctuating at 2410 points suddenly plummeted. Not only did it break through
the support level of 2400 points in one breath, it plunged by 30 points and came to near 2370 points.
“It’s the energy sector. There is a problem in the energy sector!”
Baz shouted as the trading situation of the energy sector was immediately displayed o n the screen.
Originally, after the news of the listing of Somerland Petroleum and PetroSomer went public, the energy sector became one of the few rising sectors in the market fueled by numerous hedge funds after this major positive stimulus.
Yet, at this time, several leading stocks in
the energy sector suddenly announced major bad news.
It was as if they had promised to announce the resignation of the chairman, the collective resignation of the executives, and major losses in the business simultaneously.
At the end of every announcement, there was a notice that the trading suspension would be applied, revealing what they intended to hide.
Baz was so angry that he almost vomited blood when he looked at the stock price that went from rising to falling.
“What are these companies doing?”
“They are scared.”
Jasper frowned and said, “Almost all the safe-haven funds in the market are pushing up their stock prices. These funds are not actually buying their stocks, but waiting for Somerland Petroleum and PetroSomer to go public.
“So, these companies simply issued a series of few announcements together, and even used the old trick of the chairman’s resignation. They are obviously really scared.
“Once Wall Street capital succeeds in fishing, or Somerland Petroleum and PetroSomer go public, their stock prices will fluctuate wildly.
“Instead of being at the mercy of others at that time, it is better to take advantage of the current stock price initiative that is still in their own hands. Let it fall and then decide – this is the best solution to stay alive.”
Baz gritted his teeth and said, “But this will increase the risk of the market crashing.”
“The risk is always there. It just depends o n what Wall Street capital does,” Jasper said.
The loss of the 2400 support point within half an hour of the positive announcement by the Securities Regulatory Commission was a huge blow t o the domestic stock market.
Market confidence was on the verge of collapse, and this critical moment was the chance to reel in that Wall Street capital had been longing for.
The sudden explosion of several leading
listed companies in the energy sector was
like a big plot twist in a drama where a
counterattack was originally staged.
This plot twist made the uncertain future o
f the Somerland stock market even more
ambiguous.
The ones who were most surprised at this
sudden accident were Wall Street capitals.
When Soros saw the sharp turn in the
market, he burst out laughing.
“Hahaha! These guys from Somerland
really are the best at fighting amongst
themselves. They have given us a godsent
opportunity!”
After Soros finished laughing, he gave out
his order.
“Sell the energy sector with all your
strength, and don’t forget the financial
sector. I want to see these two sectors fall
by 400 points before the market closes by
Somerland morning.”
Money from Wall Street Capital poured in instantly.
No matter how complicated and smart one’s strategy was, it would all be useless when facing the absolute capital advantage of Wall Street capital at this moment. All that was left was to watch the stock price fall again and again.
The short selling in the stock index market directly reflected the entire stock market trading market. A large number of sell orders densely filled the trading column of the screen. At this moment, there were only sell orders, but no buy orders.
There was only one possible outcome of such a market, and it was the limit down!
The 10% limit down seemed to be a lot, and it was one-tenth of the market value, but it would be reached in just a few breaths under the intensity of this capital attack.
The trading graphs of 80% of the listed company stocks were plummeting. Even the global stock market had never seen such an exaggerated precedent, let alone the young Somerland stock market.
Somerland’s domestic stock market was full of grief, which satisfied Soros.
He gazed at the horror that he had created on the screen and could not help turning his head to smile at Rogers beside him, Old chap, how desperate do you think those guys in Somerland are now?” “
Life at the Top Chapter 1857
Rogers shrugged and said, “Somerland’s stock market has a 10% limit down, so you are destined to stop at this step, but
what I am responsible for is different.
“Here, I can bring down any industry in Somerland, and it’ll only take 1 day.’ On the screen in front of Rogers, the real
time futures trading chart was on display.
If there was an unannounced crash in the stock market, then the investors would exclaim that this was Somerland’s first
stock market crash. Yet, the sudden collapse of the futures market would make most people realize that foreign
forces were deliberately targeting Somerland’s economic system.
The former was just the natural law of economic development. As long as the development period was long enough, no
country or society could avoid an economic crises like stock market crashes, and Somerland was no exception.
However, the latter was the blatant result of financial war.
The kind that would kill people at every turn.
During the Cold War, why did the Red Empire, one of the two figureheads of the world, collapse overnight? The United States did not use a single bullet to make the Red Empire that stood proudly in the east and made the world tremble fall to ruin, all because they started a financial war.
And this time, Wall Street capital directly targeted the domestic futures market. This method was far more terrifying than targeting the stock market.
What were the things that could be listed o In the domestic futures market?
Copper, aluminum, oil, wheat, cotton, white sugar, soybeans, and so on.
A closer look revealed that these goods were either basic materials needed for production and construction , or staple consumables required for daily living.
It could be said that these things were the lifeblood of society, and even the country.
Once it collapsed, the social turmoil caused would simply be unimaginable.
Thatcher Crawley, who just graduated from university, was a very dinary speculator in the domestic futures market.
He got into futures trading when he was i n university, and after he realized his talent in this industry, he immediately went out of control.
He initially started this to earn living expenses, then to cover tuition fees, and continued until now. When his university classmates were still looking for jobs, he already had assets of more than a million.
In this year, 1 million was a huge wealth that ordinary people could not even imagine.
According to Thatcher’s judgment, the cotton futures might rise slightly today, s o Thatcher bought the cotton futures order a long time ago with the delivery day being today. He bought 10 lots and the margin was exactly 500 thousand.
This was in line with his investment strategy. As long as he seized this wave of quotations, he could buy himself a house i n Waterhoof City.
Originally, the market and his judgment had not changed much in the first 30 minutes. Everything was as calm as he expected.
“This year, our neighboring country’s cotton was not harvested due to natural disasters, but our country had a bumper harvest. With less imported cotton, domestically produced cotton will naturally be in short supply, and prices will inevitably increase.
“Furthermore, today is the official
announcement of the cotton treasury purchase price this year. According to the law, it will probably rise by about 10%. With such a series of good news, cotton futures will definitely rise.”
Recalling and reviewing his trading logic, Thatcher, who felt that there would be no problem, was about to turn off his computer to go out to happily grab a bite.
When he moved his mouse to the software window and was about to close it, the originally calm futures trading market became turbulent.
And this turbulence was equivalent to a level 17 super typhoon.
There was no sign nor any prelude as the domestic cotton futures market collapsed without warning.
The candlestick chart that suddenly plunged straight down caused Thatcher’s brain to crash.
His first reaction was to wonder whether h e was hallucinating or wonder if there was something wrong with the system.
Many people felt the same way as him. After all, such an occurrence was too rare.
All fluctuations in the market required a reason. As the production of raw materials decreased and the demand increased, the price would inevitably increase. These two reasons were the causes for the price increase.
There was a bumper harvest of raw
materials and the demand decreased, so it would inevitably fall. This was the reason for the price drop.
However, was no reason and indicators at
all for the market that currently looked as
if it was on a guillotine.
Thatcher felt his blood go cold in an instant. His first reaction was to look at his backend. The shocking loss figure and the liquidation fund pool that had already shown a balance of zero caused him to lose his breath. Then, he fainted in front o f the computer.
Similar things happened all over the country.
Everyone who dabbled with cotton futures today had witnessed this scene that was destined to be recorded in history.
When this news reached Jasper’s ears, Jasper pulled up the candlestick chart of futures trading. The sky-high selling order that made people’s hearts race pressed the cotton futures price all the way down. The whole process only took more than ten minutes, but the price of cotton futures fell by a full 30%.
“It’s over.”
Jasper only said these two words.
Life at the Top Chapter 1858
The impact of the futures market crash on the real economy was definitely ten times greater and ten times faster than the stock market crash.
It could be said that when the influence of this 30% drop in cotton prices took effect, the entire cotton industry would collapse completely this year.
The collapse of the cotton market would affect a series of downstream industries such as textiles, garments, and weaving. B y then, it would cause a devastating blow t o the entire industrial chain.
At this moment, the morning trading ended, and the trading was closed at noon.
Jasper walked into his office without a word.
In the office, Jasper reviewed his general trading process in the United States as well as all of Wall Street capital’s moves i n the domestic market today.
Finally, he sighed deeply.
Then he picked up the phone and called Tony.
This time, the phone rang for a long time before connecting.
“Mr. Pratt, I watched the entire operation of Wall Street capital in the morning and concluded that our previous estimates
were probably too optimistic. “We have ignored the power of Wall Street capital and their proficiency in attacking other countries’ economies. Most importantly, we had forgotten the futures market.
“After my review, I came to a frustrating conclusion. Comparing my actions in the United States to theirs’ in ours, we are at a disadvantage in terms of economic strength, technical operations, and judgment of the economic situation.”
The breathing on the other end of the phone became heavier. Then, Tony’s tired voice sounded, “What should I do now?”
“Organize the power to form a defensive counterattack. We must use this force as the core to confront Wall Street capital, otherwise, there is no chance of winning,” Jasper said. “The problem now is the lack of a leader,” Tony said in embarrassment. “Although we have also cultivated a lot of talents in economics and finance, they are good at being generals, but none of them can be marshals. What they lack is experience of macro-confrontation with large funds in the market. If you choose the wrong person at this time, it will be impossible to recover.”
For someone like Tony who was so high u p in this system, saying those words proved that the situation had reached an extremely critical point.
“I’ll do it,” Jasper said softly.
Tony got excited, but immediately said, ” No, you have to keep an eye on the United States market. The time difference. between the two sides is exactly 12 hours o r so. This means that you have almost no time to rest. You won’t be able to take this on even if you’re made from iron.
“You have done enough this time.”
Jasper smiled bitterly, “Mr. Pratt, I don’t want to take on so many responsibilities too if it could be helped, but in the current situation, can anyone else volunteer except for me?”
These words made Tony speechless.
Jasper then said, “In other words, I am actually the most suitable person.
“If someone with a political background comes out to take the lead, then we run the risk of them not being familiar with private capital and being unable to integrate government and private forces. We are already at a disadvantage in terms of capital, if we run into problems again, what are our chances of winning?
“And if you are looking for a person with a private capital background, the problem is even greater. Ability aside, the issue of insufficient prestige is fatal.
“Hence, only I am suitable for the role. I have the prestige to unite civil and government forces, and I have enough experience. Therefore, I have to volunteer right now.
Jasper’s words struck Tony’s heart.
At the same time, he understood that Jasper was only doing this out of helplessness.
To be frank, the government was in the same boat.
There had long been voices claiming Jasper should become the domestic commander in chief, but considering that
Jasper was now in charge of the situation i n the United States and could not leave his post, this opinion was suppressed.
What was embarrassing was that apart from Jasper, there was really no other qualified candidates.
Those who had this ability did not have this prestige, while those who had this prestige did not have this skill.
In short, the most suitable candidate was Jasper.
After a few minutes of silence, Tony said i n a deep voice, “I see, I will tell the higher -ups what you think.”
“Let me know as soon as possible once there’s news.”
After hanging up, Jasper pondered for a
while, then made a call.
After a while, the phone was connected. Jasper smiled and said, “Are you free to come to my place with Lord Alvarado? Let’s talk about something.”
That night, Jasper met Lord Alvarado and
the little prince together.
“I’m at this familiar place again.”
Lord Alvarado came in and said to Jasper
while grinning.
On the contrary, the little prince looked
slightly off-color.
Jasper looked up and smiled at Lord Alvarado, “Lord Alvarado, you seem to be i
n a good mood.”
Lord Alvarado shrugged and said, “I was initially in a bad mood. The stock market crashed this morning, and the market did not move until the afternoon. There are so many orders and it’s estimated to take around ten days or even a half month to clear them all. It’ll only be over once Wall Street capital is satisfied and our market is
swept clean.”
“This wave has caused my family to lose more than one billion Somer Dollars. Do you think I can be in a good mood if we keep losing this much money with every passing day?
“But today, cotton futures fell by a full 50 % in the morning and the afternoon. Suesville has always been the place for weeving since ancient times, and the little prince’s family is the largest textile producer in Somerland. Every year, one seventh of the cotton production in South Borderland and North Borderland comes from their family. Now, they are suffering from this huge loss.
“So, I immediately felt much better. Hahaha!”
Facing the gloating Lord Alvarado, the little prince grumbled coldly and said, ” Don’t be too happy. Sooner or later, they will get involved in mineral futures. When that happens, I’d like to see whether your family can stay calm. Hehe, you produce a full 40% share of the domestic private minerals output. Lord Alvarado, when that happens, you won’t be a lord anymore, I guess I’ll call you Beggar
Alvarado next time I see you.”
Through their banter, they exposed the current situation of their families.
Even families like the Alvarados in the Northwest and the Royals in Waterhoof City had suffered so much. It could be seen that the other companies, groups, or even families would be in even worse situations.
Although the two companies had deep and strong foundations, their reach was also. wide, which was why their losses were so severe and the numbers so terrifying. However, one should not forget that their ability to deal with risk was several times. that of others.
Yet, they still suffered from painful loss,
and when they reached the other sub
level, the pain would be debilitating.
“I intend to integrate the power of domestic private capital to counterattack Wall Street in the futures and stock markets, but I need your help in this matter,” Jasper did not interrupt the two as they compared their family situations, but instead, spoke directly.
Life at the Top Chapter 1859
Jasper’s words made the two people who
were still chirping and chattering instantly stop.
Lord Alvarado stared at Jasper with wide eyes and said, “JW Foundation is coming back to Somerland? Are you abandoning the United States?”
Jasper waved his hand and said, “JW Foundation is JW Foundation, and I am m e. JW Foundation still has to cause enough trouble for the United States in the their financial sector, but I can be diverted to take care of the domestic base.”
The little prince frowned and said, “Do you want to die?”
The little prince’s worry was similar to that of Tony’s.
“The opening time in the United States is a t night. Basically, when it ends over there, it is dawn here. Moreover, the opening time in Somerland is during the day. Do you really think you’re made from iron? Is that why you want to do this?
Jasper smiled bitterly. Why were they all the same?
Jasper was not as polite with these two guys as he was when he was facing Tony since he was already acquainted with the duo.
He spread his hands and said, “That’s why I plan to let you take charge of the domestic market.”
These words startled Lord Alvarado and the little prince. The two waved their hands and rejected,
No, no! We can’t.”
If this was something else, these two would think they were better than anyone else.
However, when it came to such a big thing, Lord Alvarado and the little prince would not take on this responsibility no
matter how conceited they were.
One had to know if they screwed this up, it would not be as simple as killing people. They would become sinners.
To put it bluntly, they could not bear this responsibility, and they were not arrogant enough to believe that they were the equals of the old foxes on Wall Street.
After they finished talking, they raised their eyes and saw the half-smile on Jasper’s face. How could they not realize that Jasper was just joking with them?
“Look, if even you don’t dare to take this job, who else would dare to?”
Without waiting for them to speak, Jasper took the initiative to speak.
“But the question is, can you stand this? I f you take on both sides but can’t manage them well, you will lose,” the little prince said with a frown.
Shaking his hand, Jasper said, “I have conveyed my ideas to Swallow Capital. I believe there will be results soon and there should be no further problem. Since I took the initiative to assume this responsibility, I naturally have the confidence to do it well. You guys and Swallow Capital should both be clear about this.”
“Then why did you ask us to come?” Lord Alvarado asked.
They were not idiots, and it was clear that Jasper did not ask them to come just to report this to them.
“I just told you, didn’t I? I need you to
help me integrate the power of private
capital.”
Jasper paused for a while and continued, ” When JW Foundation was established, almost all the top forces in the domestic financial and industrial groups participated in its founding. That’s because only these top forces could help i n this big event.
“But this time is different. This time it is t o defend our home and our country. We need to unite every single entity that can b e united. Only when all forces are intertwined will it be possible to repel Wall Street capital.
“If we fight separately… Frankly
speaking, it’d be better to prepare to
emigrate.”
Life at the Top Chapter 1860
Jasper’s words made the corners of Lord Alvarado and the little prince’s mouths twitch.
Those small bosses could emigrate. They could sell all their belongings or just throw them away and go directly to live
abroad and start anew with the cash they could carry and their family members. However, their family and business were s o big. They could run this time, but they would have to come back eventually. So, where could they go?
They were used to being rich in Somerland, so how would they endure a servile life abroad?
Besides, their foundation belonged to their ancestors, and they could not lose! this.
So, Jasper was clearly telling them the truth.
If they could get through this, then they
could live just as they wanted, but if they could not, then it would be the end of the road for them, and everyone would be
finished.
“Moreover, once you get involved, you must be prepared for bankruptcy.”
Jasper’s words made the little prince and Lord Alvarado smell the intense smell of blood wafting in front of their noses at the same time.
They looked up at Jasper, frowned, and said, “Jasper, who would want this?
“Nobody’s money is brought by the wind. It is good to fight for self-protection, but i t is too scary to think that there’s a risk of bankruptcy at any time.”
Jasper answered flatly, “If you aren’t aware of this, then why are you even involved? This is not even a choice.
“If we win, we will still need the capital to fight. The losses and wear and tear of this process are immeasurable.
“If we lose, then it goes without saying that we’re all finished.
“In other words, there is still a little hope i f we fight back. If we don’t, there is none. You have seen the situation of cotton
futures and the stock market on the last trading day.
“I can tell you with certainty that the economic foundation and heritage of Somerland is incomparable to that of the United States, I have been doing so much i n the United States, but it is far from the point where I hurt the United States to the bone.
“On the other hand, it’s only the first day here, but those guys from the United States have already hurt our domestic economy. Tomorrow, they will pull out our nerves, while the day after tomorrow, they will pull out our bones. The day after that, they will break out bones to suck out our bone marrow.”
“Okay, stop scaring us. Tell us, what do you need us to do?” Lord Alvarado asked with a sullen face.
Jasper looked at the little prince and said, “As the economic center of Somerland Waterhoof City is also the core of the economically developed Tri Delta region. This region has the largest number of listed companies and large conglomerates, so I need the Royals to come forward and integrate these powers.
“The first target is those listed companies, followed by those large industrial groups. Tell them the current
situation and then tell them the consequences of refraining. After that, let them decide by themselves.”
The little prince nodded and said, “That won’t be difficult.”
Jasper looked at Lord Alvarado again, and Lord Alvarado hurriedly waved his hand and said, “The economy of the Great
Northwest is not comparable to Waterhoof City, and there are only a few listed companies.”
“I know this, so what I need are the industrial companies of the entire Northwestern region. This task is not easy
because most of the Northwestern region’s industrial companies are basically from the older generation. They
may not be so sensitive to the financial market, so your task is actually tougher than the little prince’s.”
Lord Alvarado waved his hand and said, I’ll do my best. Everything else aside, the Alvarados still have prestige in the Northwest.” “This thing can’t be done by prestige alone. You need to make them understand the current situation.”
After staying silent for a while, Jasper continued, “In addition to this, I will contact the Davidsons and the Millers. In short, you four will be under me in this matter. From where, it’ll depend on you four how much power you can radiate and gather.
“And hurry up. After you get in touch with them, I will take the time to hold an economic forum in Waterhoof City to gather everyone together. When the time comes, I will invite some people from the government to influence them. As for who, I don’t know yet. This can be regarded as giving everyone a little confidence.”