Ch. 1961..1970
Life at the Top Chapter 1961
Regardless of whether the career of his opponents was successful or not, or whether his enemy was strong or weak,Jasper always remembered that he could never regard himself as the world’s most intelligent person and treat the rest asfools. Especially when the plan to go against the United States financial market this time had lasted for half a year. The first attack t o the present had lasted for more than four months. In nearly one year, Jasper could say that every step and every strategy he had made was very cautious and it was like walking on thin ice.
Even when JW Foundation succeeded in triggering a financial crisis in the subprime market and when JWFoundation was at the of popularity and was touted by the global financial media as being able to overthrow theUnited States financial companies’ throne by themselves, Jasper was also very clearabout one thing. That was, the United States was a powerful opponent that was impossible to defeat. The immediate result right now came from the United States’ own problems, and it was also achieved with the acquiescence of the people in the United States who had formulated the global economic rules as well as their secret cooperation.
Because the United States itself also needed someone to solve their domestic economic problems.
So, there were no absolute enemies or friends in this world. If you really believed that a certain party was your enemy and then you captured them to fight them to the death, and you even insisted on sacrificing your people just to defeat them, then you would be a fool.
Hence, to this day, did Jasper do all this just to break the United States economy?
Not unless Jasper was crazy.
Even if he were crazy, Jasper was not so crazy that he would seriously think that he had this ability.
To be honest, aside from Jasper, even if the whole of Somerland was on board with this and were determined to lose all their money to fight a deadly financial war with the United States, then the result was that Somerland would return to the time when it was mainly focused on agriculture overnight while nothing would happen to the United States.
Only 20 years later would Somerland be rising while the United States was declining. Only around 2020 would Somerland truly have the confidence and strength to say no to the United States.
Right now, it would just be wishful
thinking.
Therefore, Jasper’s core purpose had always been to make a fortune in the United States financial market, and then t o use this opportunity to buy the stocks of the top technology companies and Internet companies that would prosper in the future. Then, he would wait at least 20 years for the dividend profits.
He would get a large number of funds from the United States financial market inthe financial storm to help JW complete the transformation and upgrade to become an international conglomerate.
Then, he would frantically buy those
technology and Internet companies that would control countless patents and technologies in the future. After that, with JW as the core in the domestic market, he would establish a giant business empire with Internet and technology as the two major industries.
These were all Jasper’s ambitions.
When JW Foundation abandoned its attacks on listed banking companies such as Morgan, and instead stepped up its efforts to short Weresoft, Amazon, and another technology and Internet companies, the intention of the JW Foundation was fully exposed.
However, the management of these companies were not fools.
At the emergency board meeting held within Weresoft, Granger, who had no plans to retire, sat as the chairman among the board of directors. His gentle and elegant face was very gloomy at this
moment.
“The company’s stock repurchase plan was launched prematurely. The current situation does not allow us to wait any longer.”
The one who spoke was Granger’s deputy, Mobelli, and he was one of Weresoft’s earliest employees. He held important positions in the company as Granger’s right-hand man throughout the years. On many important occasions, he was also Granger’s mouthpiece. Right now, he was the first to open his mouth and tell the others Granger’s proposal to see what the rest of them thought.
Hence, it could be said that Mobelli was
Granger’s absolute confidant.
“I agree.”
Weresoft’s chief operating officer nodded and said, “The company’s stock price is already seriously undervalued. Weresoft’s stock is not junk stock. Since the financial crisis, the stock price has fallen by a full 27 %. This is what neither investors nor we want to see.
“Now, JW Foundation is continuing to short us. They are attracting low-cost purchases of international hot money. If this situation is allowed to continue, Weresoft’s shares will be hugely dispersed, which will not be conducive to the company’s development.
“Hence, it is imperative to start the stock repurchase plan in advance.”
At this time, Granger looked at the chief financial officer, who was hesitant to speak, and asked, “Henrik, what do you think?”
The chief financial officer said, “I agree with everyone’s opinions, but everyone must be aware that due to the financial crisis, the company’s performance has fallen sharply, and the investment department’s investment is basically operating at a loss. I am still worried about this year’s financial statements because it will look ugly, but if the repurchase program is launched in advance, a large amount of capital will be required, which will affect the normal operations of the company.”
Frowning slightly, Granger asked, ”
According to the current plan, how much capital is needed and how much capital does the company have?”
“The overall repurchase plan will require a t least 1.8 billion to 2.2 billion US Dollars, but the funds we can use cannot exceed 800 million US Dollars. Once exceeded, it will affect our other plans, such as the development of new systems and many plans for the acquisition of other
companies. A lot of our plans are directly related to the fundamental interests of the company and shareholders… Our shortfall requires at least 1.2 billion US Dollars.”
The words of the chief financial officer silenced most people in the conference room.
Everyone knew that this had to be done.
However, the question was how and where would they get the money to do it?
Back then, Weresoft would not take hundreds of millions of dollars seriously. The ones that slipped from the spaces between their fingers would be enough..
However, the problem was that the current economic environment was not good. Weresoft’s profitable funds could not just lie in the bank and be left alone. They all had foreign investment plans and the financial crisis had caused serious losses in these funds. Plus, along with some project expenditures and fund retentions, the liquid funds that Weresoft could take out were sorely lacking at the moment.
Granger was obviously prepared for this. H e said, “I will talk to investors about this matter. Whether it is my share with other shareholders or my personal expenses, eventually this money will definitely go to the company’s account. There will be at least 2 billion US Dollars.
“So, you just do what you should do. Weresoft won’t be ruined by those despicable punks.”
Granger’s statement made the chief financial official breathe a sigh of relief.
“If we can get a capital injection of 2 billion US Dollars, then the repurchase plan will be no problem at all.”
Life at the Top Chapter 1962
“Now that the management has unanimously passed this resolution,”
Granger scanned the room and then said, “Then we shall start executing this immediately.
“Dismissed.”
With the end of this conference, the world’s current largest Internet company, Weresoft, started to run at high speed like an extremely sophisticated machine.
At the same time, similar things also happened within a series of other companies such as Amazon and Oracle,
While all this was in full swing, it was time for the market to stop trading.
“The Dow Jones Index is the most concentrated place for bank stocks, so after we gave up our attack on banking companies, its position stabilized at 26010 points. The Nasdaq index is our focus area before the close. At one point, the market officially fell below the 20000 point integer mark and closed at 19986 points.’
Jake reported to Jasper with an expressionfilled with excitement, “And we learnedthat Oracle is in a capital chain crisis andits founder, Allison, has contactedMorgan, Citibank, and other banks to seek
further financing.”
The exhausted Jasper yawned and said, ”They’re a company that specializes indatabases, how much liquidity will theyhave if their stock price drops? It’s goodthat they could hold on until now.”
“Mr. Laine, do we want to entrust anintermediary to talk to Allison? Oracle hasthe world’s largest database software andthere are countless related patents whichare fully in line with our plannedacquisition plan,” Jake proposed.
“No.”
Jasper shook his head and refused.
“This company won’t agree to ourinvitation. Even a capital injection isimpossible, let alone an acquisition.”
There were racists everywhere in theUnited States, and one of the richestracists was the founder of Oracle, Allison.
This son of a b*tch had made public remarks on more than one occasion that people from Terra were inferior and that Somerland was a backward feudal country.
And in the future, when Oracle entered the domestic market of Somerland, it would use its status to treat the Somerland companies that they partnered with like second-class citizens.
To put it bluntly, this mongrel did not treat Somerland and the people in Somerland as human beings at all.
Jasper did not want to engage with such a
character at all.
Moreover, Jasper even planned to destroy Oracle if the opportunity arose.
An Internet company like Oracle not only had the world’s largest database, but also the world’s largest enterprise-level software development. It was impossible t o completely destroy it, but under the United States capitalist system, it would also be nice to use capital to destroy Allison, kick him out of his company, and turn him into a pauper.
However, these were trivial matters. Now,
Jasper’s status was no longer restricted toa certain company or a certain person.If the timing and conditions were right, it
could be done, but it was not necessary to
pursue it deliberately.
The overall situation was still the most
important thing at this time.
If he won in the overall situation, it wouldbe easy to destroy this kind of person.Jasper would then let Allison understandthat even if he was a white man withblonde hair and blue eyes, no one wouldwant to save him when he was destitute.
“Soon, these companies will undoubtedlystart a stock repurchase plan. As thingsstand in the market, as long as there isenough money to buy the shares of thesecompanies for a year or more, we willobtain at least 50% of the profits.
“This has not only been noticed by thegreedy hot money, these companiesthemselves know better than anyone elsethat they will not allow their stock to betaken away in vain.
“So, we should wait longer. We’ll waituntil they resist this wave and then we’llstrike. Once they lose their energy andgusto, that’s when we enter and takeeverything.
“Furthermore, the enemies will only bemore honest on the negotiating table if wehurt them.”
Jasper’s words made Jake nod his headthoughtfully.
At this time, Jasper’s cell phone rang.It was from Tony.
“The state-owned enterprise’s listingplans have been prepared and can beannounced at any time.”
The contents of the call shocked Jasper.
“What about the Social Security Fund?”
The listing of giant state-ownedenterprises would only stimulate marketconfidence and accelerate the influx ofprivate capital into the stock market, butthe real killer against the United Statewould be the Social Security Fund, soJasper naturally cared more about it.
“There is no problem with the procedure, but the higher-ups said that we’ll use this as a hidden trump card and will not make i t public,” Tony said.
Jasper thought about it for a while and nodded. He said, “The higher-ups are so considerate.”
“The domestic and United States financial markets have all ended the first day of trading. Are you tired?” Tony asked in a concerned tone.
“I was born to work hard. I can’t help it. I have forgotten how long I haven’t slept well for.” Jasper smiled bitterly.
He was not trying to showcase how miserable he was. Everyone with a
discerning eye could see how much he had sacrificed during this period. Moreover, it was meaningless to do such a thing with Tony. Right now, Jasper was just expressing how he felt.
“Thanks for all the trouble. You should go to rest first, the relevant news will be announced at 8 o’clock in the morning, there are still about 4 hours until then.”
“Alright, I got it.”
Jasper hung up the phone and glanced atthe time. As Tony said, because of thetime difference, when the United Statesstock market closed, it was already 4:20 in the morning in Swallow Capital time.
It seemed that he had less than four hoursto rest.
However, Jasper could not rest.
“Call Baz over.
“And also some of the more importantpeople in the term. Call them all over.
“If my prediction is correct, the domesticfinancial market and the United Statesfinancial market will launch theirstrongest counterattacks on the nextopening day, which can largely determinethe outcome of this financial war. So, wehave to come up with the most secureplan before it happens.”
Jake said, “I’ll go right away, but Mr.Laine, please take this chance to rest for awhile. You haven’t slept in 30 hours.”
“Those ten minutes of rest will be useless,on the contrary, it’ll make me even groggier. Go and summon them first.. After this, I will give myself a long holiday.”
Jasper waved his hand and said. He was feeling sore and swollen everywhere.
Jake stopped persuading him, turned
around, and went out.
After that, Jasper got up and walked to the window to look at the dark sky outside the window. The night before dawn was the darkest because one could not even see their fingers even if they lifted them in front of them. There was no doubt that this would be the most difficult period.
Jasper had no idea whether he and the domestic financial market could survive this period.
Life at the Top Chapter 1963
More than ten minutes later, a group ofpeople with dark circles and messy hairgathered in the small meeting room in thecommand center.
Baz was woken up in the middle of hissleep. He knew that it was urgent andwhile in his confused state, this guy came in his pajamas.
He was a bit embarrassed, but when hegot there, almost everyone was dressedthe same, so he felt a little better.
After everyone arrived, Jasper took a sip of strong tea. The bitter and rich taste filledhis mouth and throat. After that, Jasperfelt a little refreshed as he said, ”
Tomorrow at 8 a.m., the government willrelease the latest news. A batch of stateowned enterprises monopolized by thedomestic industry will be listed together,and the new stocks will immediately beavailable for transactions starting fromtomorrow’s trading window.”
As soon as these words came out, Baz andthe others became excited, as if they hadbeen given a shot of adrenaline.
Jasper had previously disclosed to themthat state-owned enterprises would belisted to boost market confidence andattract private capital. Its fundamentalpurpose was to utilize the special systemunder special national conditions andharness the people’s confidence in stateowned enterprises to gather funds tostrengthen the support points in themarket.
It was like a sturdy construction beamthat supported the originally weak Ashare market.
Although it was unlikely for them to cometo a decisive conclusion under the ragingbeast that was Soros, it definitely carriedhuge positive benefits for the marketitself.
“Mr. Laine, which state-ownedenterprises will be listed? Is there aspecific list now?” Baz asked eagerly.
Jasper answered, “I don’t have thedetailed list now, but according to theresults that Swallow Capital and I filteredafter our discussion, Somerland Petroleum, PetroSomer, SomerlandTelecom, Netcom, Nobile, Fortress Iron and Steel, Stellar Company, the big four commercial banks, Somerland National Nuclear Corporation, Somerland Ordnance Group, and Air Somer will all be listed.
“These large listed companies include the energy, communications, nuclear, banking, defense, and aviation industries. Most of the companies in the civil industry are listed directly under the company itself, but the defense industry and the nuclear industry, because of their particularity, will be listed as a wholly owned subsidiary.”
Jake, Baz, and the rest of the team were shocked when they heard these well knowned names.
These companies were all giants that monopolized their respective industries, and they were not comparable to ordinary private enterprises.
The concentrated listing of these state owned enterprise giants would inevitably lead to huge market benefits, which was a great thing for them.
However, Baz smacked his lips and said, ”It’s a shame that the Tobacco Group is notbeing listed.”
As soon as they heard this, the groupknew that this was definitely somethingthat someone who had an understanding of domestic state-owned enterprises wouldsay.
People would always say that stateowned communication enterprises likeNobile and state-owned energyenterprises like the two oil companieswould be able to make hundreds ofmillions a day, but they did not know thebiggest taxpayer and the company thatmade the most money was the tobaccobusiness.
However, Jasper had never seen SwallowCapital allowing this company to be listed in his previous life, so he figured nothingwould change this time around.
It might be impossible for it to be listed
because of its regulations.
Even though the Tobacco Group wascalled a group, it was actually the government’s functional department. It had jurisdiction over all tobacco brands across the country and was responsible for tobacco production and sales.
Such a department generated astronomical profits every year. It contributed more than half of domestic military expenditures, but this also made i t impossible to go public.
There was also another group that was similar in nature, and that was the Somerland Merchants Group. If it was truly public, this giant that was founded i n the late 19th and early 20th century would continue to rank among the top ten in the world in total assets until Jasper’s reincarnation.
Normal people might be unfamiliar with it, but its subordinate companies were intertwined with all pects of society, as well as people’s livelihood.
60% of domestic expressways belonged to this company.
These companies were basically Swallow Capital’s cash cow, and they were semi official in nature, so it was impossible for them to go public.
“Don’t overthink.”
Jasper waved his hand and said, “Thedomestic side will reap huge benefitstomorrow, but according to myestimations, the market rescue of thelisted companies and the market rebound in the United States will also come soon, sowe will not have a good time this week.
“But after this battle, the outcome of thewhole situation can be determined.”
As he was saying this, Jasper’s eyes were as sharp as a falcon and he said in a deepvoice, “To put it bluntly, these few dayswill determine if we will be able to havefood on the table or not for the next half off our lives.”
The meeting lasted almost three hours.
After the meeting, everyone left themeeting room. Jasper was the last to leave.
The moment he got up, his vision turnedblack and everything around him startedspinning.
He raised his hand to support himself onthe conference table before he lowered hishead and took a few deep breaths. Only then did he feel a little better.
After undoing the button on the shirt collar to let himself breathe easier, Jasper felt that his body was starting to shut down after experiencing such a high intensity of workload during this period o f time.
At this time, Baz came back after he had initially left. He was about to say something when he saw Jasper who was a s pale as a ghost and his lips turning blue a t the door of the conference room. Baz was utterly shocked.
“Don’t scream. Don’t call out to anyone.” Jasper opened his mouth and growled at Baz.
Right now, he was the spiritual support of everyone around him. Anyone could collapse except him. Once he did, everything would come crashing down. All their previous efforts would be wasted,
and everyone would be done for.
Therefore, Jasper definitely could not let Baz make a fuss at this critical hour.
Baz also reacted immediately. Hehurriedly closed the door to theconference room and then walked toJasper to help him sit down. After pouringa glass of water for Jasper, Baz watchedJasper drink the water with a worriedexpression on his face.
“Why are you looking at me like this? Areyou afraid that I will suffer a suddendeath?”
Jasper let out a sigh and cracked a joke atBaz.
Baz said with a serious expression, “Mr.Laine, you didn’t see how you looked justnow. It was so scary. In the past four orfive months, you haven’t had a goodnight’s sleep. You won’t be able to hold onany longer if you keep doing this.”
“I know my own body, it’s okay.”
Jasper waved his hand and said, “Plus,this is coming to an end now. The lasthour is also the most critical andimportant period. I can’t leave my post.”
“But Mr. Laine, you have to let a doctortake a look at you,” Baz said.
Jasper glared at Baz and said, “There’s still an hour before the opening. Where will I get the time to let the doctor look at me? Don’t you worry about this. Also, don’t tell anyone what you saw just now, i f not, I’ll skin you alive!”
After Jasper said that, he got up and left.
Baz gritted his teeth silently when he saw Jasper walking away, seemingly steady and healthy.
He decided that he had to disobey Jasper this time. He would do this even if it meant he would be fired.
Life at the Top Chapter 1964
Baz’s first reaction was to call Wendy. After all, Wendy was the boss of JW, so it would be justified for him to contact
Wendy about this kind of thing. However, as soon as he took out his cell phone, he realized this would not work.
Currently, Wendy was still in Harbor City, and was equally busy. If the boss’ woman came back at this moment, it would delay the work in Harbor City. Baz felt he would really die if he did this, to the point where even Wendy would not be able to save him.
After thinking about it, Baz saw another
name that he had just added to his
contacts some time ago out of the corner of his eye…
Judging from his manly instinct, Bazconcluded that the relationship betweenthis woman and his boss was prettyunusual when he first saw her.
This was not a joke. She was appointed asthe future president of JW Bank themoment she joined the company. If thesetwo had nothing going on between them,Baz would swallow the conference table in front of him.
With that, Baz decisively dialed thenumber.
The result of this was that after more thanten minutes, Jasper received the arrival ofCeline and the medical team behind herinstead of Baz’s opening report.
Jasper did not even have time to say aword before he was pushed onto the bed by a group of doctors. Then, he was forced to undergo various examinations.
“Celine, are you crazy? Are you rebelling
against me?”
Celine put her arms across her chest andsaid with a cold face, “You should acceptthe examination like a good boy. It willnot take much time or delay the opening.You know from my character that I willnot compromise on this kind of thing.
“You may think you can still go on, butwhat if you can’t and you end upcollapsing? At that time, who will saveyour staff and such a big industry? Themore urgent the situation, the more youneed to protect your own health.”
After a doctor punctured his skin with a needle to collect blood, Jasper took a sharp breath, gritted his teeth, and said to the doctor, “Can you be gentle? I’m still alive and I can still feel pain.”
The doctor said embarrassingly, “I’m
sorry, Mr. Laine. If you don’t resist, I
won’t be so anxious.”
One should not continue to split hairs with someone who had just apologized. Plus, the doctor was only doing this for his own good. Thus, Jasper could not express his anger at this moment and could only bite his tongue while letting this group of people do whatever they wanted with him.
It took more than half an hour before
Jasper was freed and regained his
freedom.
This medical team also assessed his physical condition.
“It’s not looking too good.”
The lead physician shook his head slightly. He said, “Mr. Laine is now in his prime of life and it should be the time when a person’s physical function is at its
peak, but even so, it has its limits. If I were to compare a normal and healthy young man’s body to a river, then Mr. Laine’s body is almost turning into a desert.
“To put it simply, it has been squeezed dry.
“Because of equipment and venue restrictions, we can only do the simplest blood-taking procedure right now, but even so, there are four indicators that have exceeded the normal value and the other three indicators that are far below the normal value. Mr. Laine, with all due respect, if you continue like this, your body will collapse soon.”
Jasper, who was putting on his shirt, said helplessly, “Then what should I do?”
“The best thing to do is to rest immediately and give up all work.”
“No way.”
Jasper refused without thinking.
“If you can’t do that for the moment, then
we can temporarily give you nutritional support. We can use medical intervention to
support the body’s consumption. However, this method only treats the symptoms but not the root cause. At least 2 months of complete rest is required for you to recover fully.”
“What nutritional support?”
Jasper was amused and he said, “I eat everything that is specially prepared by a nutritionist. It shouldn’t be a problem.”
After ten minutes, Jasper understood that the nutritional support the doctor spoke about was not the same concept as what ordinary people without medical knowledge thought they knew.
Jasper sat in his chair with no expression o n his face as he had an IV attached to his left hand. Inside the IV was albumin that looked like milk, as well as various nutritional liquids.
Next to him, Celine, who had ordered someone to move her desk over, glanced a t Jasper and lazily said, “Why are you pulling a face? I especially moved my office here to work with you. What else are you unhappy about?”
“This is the command center, why are you moving your office here? And what work do you have to do now?” Jasper asked angrily.
Although JW Bank would inevitably be founded by Jasper, it had not even started the basic construction work yet, and the team had just begun to release relevant talent recruitment information so that the headhunting company could source
people. However, the real executive team consisted of just Celine and nobody else at the moment. Jasper really could not figure out what kind of work she could do.
“Do you think it’s that simple? The domestic system is different from that of foreign countries, and the work and overall framework of the banking industry must be adapted to the domestic market.
“Moreover, you must have detailed knowledge and understanding of existing banks, especially commercial banks similar to those jointly established by local governments and capital. Do you think opening a bank is as simple as opening an account in the stock market? I have a lot of things to do, okay?”
Celine was obviously dissatisfied with
Jasper underestimating her
professionalism, so she started to lecture
him.
Jasper replied with a pounding head,
41
Alright, alright, alright, you’re right. I
was wrong for saying that.
“But.”
Jasper lifted his hand that was attached to the IV and waved it. He said, “What’s the meaning of this? This thing is huge, and it will take four or five hours for it to finish. Are you planning to just attach this to me like this?”
“Duh.”
Celine finally smiled, but from that smile, she looked like a little girl who was satisfied and delighted after successfully pranking someone. “This is for your own good. You don’t want to collapse before you enjoy the fruits of victory, right?”
Jasper sighed. He did not think he would be able to escape this after he saw Celine’s attitude.
Therefore, Celine became the first and
only JW executive to arrogantly fight for a
n office space with Jasper.
Even so, Jasper’s mind quickly shifted from this trivial matter, because in the call auction stage before the opening of the domestic A-share market, the futures market had already kicked off.
This time, Soros seemed to have made up his mind about something, so when trading started, he gave up the suppression of other futures products, and instead went all out to long more foodstuff futures.
He would buy, and he would buy a
massive amount.
Huge amounts of funds poured into the foodstuff futures trading market, to the point where it seemed like all foodstuff futures contracts in the country had been swept away in one breath.
What followed was a surge in foodstuff futures prices.
Life at the Top Chapter 1965
The abnormal spike in foodstuff prices attracted the attention of Somergrain, who was already closely monitoring theprices of foodstuffs. Almost immediately, Somergrain contacted Jasper.
Then, a large number of sell orders immediately appeared in the market. The price of foodstuff was locked firmlywithin 5% to 8% of the price increase before the opening. Although there were fluctuations, no matter how much Sorosdevoured in the future, Somergrain couldstill hedge these orders by selling them.. Narrowing his eyes slightly, Jasper said, We’re going to enter a tug of war.””
In the domestic futures market, thetrading volume of the foodstuff sectorwas exponential, and the largest tradingparties were the buyers led by QuantumFund and the sellers led by Somergrain.
Just ten minutes after the opening, thetrading volume of both parties exceeded 1billion Somer Dollars.
This trading volume was alreadycomparable to the sum of other tradingvarieties at the same time.
One had to know that this was only morethan ten minutes after the opening and itwas equivalent to a turnover rate of 100million Somer Dollars per minute.
Baz was overwhelmed by emotion. Hewhispered, “Mr. Laine, once the situation is in a tug of war, it is actually not good for
“Yes, if foreign institutions continue tolong domestic foodstuffs, it will causepanic in the market. If there are peoplewho want to stir public opinions to triggercitizens to stock up on foodstuff, then it islikely to cause social unrest.”
Jasper agreed with what Baz said, and atthe same time, he began to think aboutwhat happened when Somerland wasfacing the foodstuff war in his previouslife.
He could not remember the details, but atthat time, he remembered that severalplaces had issued administrative ordersrestricting the purchase of foodstuff and cooking oil.
Because of this, the people who were already panicked at the time became even
more panicked.
Had it not been for the trust of the people of Somerland in the government, something terribly wrong might have happened at that time.
“This is easy to solve.”
Celine, who had been silent for a long time, said suddenly, “If the price of foodstuff has fallen, we should fully open up the inventory so that the people can see that the government has enough food for everyone.”
These words caught the attention of both Jasper and Baz.
Celine went on to explain, “It’s the same with bank runs. Usually, the run occurs because people start to lose their trust in the bank, and they believe that the bank is losing money and is facing bankruptcy. They’re worried about losing their assets i n the bank, so they will be anxious to withdraw their deposits from the bank.
“But if there is sufficient persuasiveevidence to tell everyone that this bankhas sufficient capital and everyone’swelcome to withdraw money at any timethey want, no one will believe that thebank will go bankrupt.
“But if you limit the amount andfrequency of withdrawals for everyone,then this bad news will intensify, andeventually the it will become a selffulfilling prophecy and the bank willreally go bankrupt.
“The key to the question is, does the bankreally have that much money?”
Celine looked at Jasper with blazing eyesand said with a smile.
Jasper sighed softly and smiled. ”
Unfortunately, this bank has a lot of
money.”
“Then you don’t need to worry-let themcontinue this tug of war. This kind oftransaction in which you buy what I sell isbased on how deep the pockets of bothparties are anyway. One fight for foodstuffstock and the other for the abundance offunds. Whoever empties his pocket first loses.”
Jasper thought for a while and finallydecided that he should not interfere toomuch in the foodstuff trade war.
The higher-ups would know what to do.
with this.
He already had a lot on his plate and if hesaid or did more, he was likely to burnhimself.
Now that the financial war had reachedthis point, Jasper had to start to considerthe situation of himself and JW after thefinancial war.
What the higher-ups needed was apositive benchmark to face society, so thiswas his golden opportunity. However,there were risks behind the opportunity,which was, the higher-ups wereabsolutely unwilling to see a politicalbusinessman who would criticize theactions of the government.
“Mr. Laine, the press conference has
begun.”
Baz’s reminder made Jasper turn hisattention to another screen.
Currently, the news was showing thescene of the press conference of thechairman of the Somerland SecuritiesRegulatory Commission and severalleading state-owned enterprises.
At eight o’clock, the quiet and solemnofficial press conference immediatelyannounced to all of society the news ofthe centralized listing of state-ownedenterprises.
This news could be said to have caught
everyone by surprise.Even foreigners knew that under the
special social system of Somerland, state
owned enterprises were truly behemoths.
Especially after undergoing the reform ofstate-owned enterprises and thestripping of most of the rotten assets thathad been rendered ineffective, theremaining state-owned enterprises weresupergiants that had monopoly positions in special industries where they had nocompetitors at all.
The influence it brought was absolutelybeyond ordinary people’s imagination.
What determined the stock price of a listed company?
Some say it could be determined by capital, but it was only needed for speculation. Capital acted as a promoter to suppress or push up a company’s stock price, so it would always only be temporary and could not last forever.
Only the profitability and business ability of the company could really determine its price.
If the company’s prospects were good enough and it was profitable, it would naturally be welcomed by the market, while the stock value would also match its true market value.
As for state-owned enterprises, their state -owned nature made them destined to never fail, and their monopoly of the market determined that their profitability always exceeded that of private enterprises and that there was no fear of them not making money at all.
For example, Somerland Petroleum,
PetroSomer, and the not-so-well-known Offshore Oil Corporation were monopolists in the domestic oil Industry.
Even the oil from the private gas stations that ordinary people saw on the side of the road were purchased from the two
major oil companies. Aside from Somerland Petroleum, PetroSomer, and Offshore Oil Corporation, no other industries were allowed to set foot in the private oil industry in Somerland.
The communications industry was even more extreme.
With this premise in mind, the news immediately caused an uproar around the globe when it was announced at the press conference.
Soros, who got the news right after that, was furious.
“It’s here! Somerland’s countermeasures are finally here!
“Promoting the listing of state-owned enterprises and driving market funds into the stock market to maintain the stability of the market? This has your name all over it, Jasper!”
Life at the Top Chapter 1966
Inside the headquarters of Quantum Fund in New York of the United States, Soros frowned as he looked at the busy team.
His good mood from before was gone. Even though he knew that the Somerland government’s countermeasures would inevitably come, he did not expect the Somerland government to stab him in the heart from such a strange angle at this critical moment.
“This definitely looks like something Jasper would do. It was done beautifully while being impactful and straight to the point.”
Rogers’ voice from the side caused Soros t o turn his head. Then, he said, “What do you think we should do now?”
“We can’t stop the attack on the Haddock Chamber of Commerce, and we must instead intensify it.”
Rogers contemplated for a while and said, “Actually, everyone including you and Jasper overlooked a very important issue.
“Yes, the listing of these state-owned enterprises will bring in a lot of private capital, some even foreign, into the Somerland A-share market to buy the stocks of these state-owned enterprises, but this will produce a siphonic effect.
“These state-owned enterprises are the
core of absorbing capital. They absorb not
only external funds but also funds in the
stocks of other companies in the original A -share market. The other companies are worried that there is no place for them to hedge, but when these state-owned enterprises enter the market, they will inevitably sell their stocks and buy the stocks of state-owned enterprises. Such is the nature of the capitalists. Neither the Somerland government nor Jasper can change this.
“Under such circumstances, the A-share market seems to have stabilized, but in reality, most of the funds have been sucked away by state-owned enterprises while the remaining company stocks will b e faced with difficulties.
“This is the chance for us to completely
destroy the Haddock Chamber of Commerce,”
Soros frowned and said, “If that’s the case, we’ll have to burn the funds we used to short the market.”
“It’s inevitable.”
Rogers patted Soros on the shoulder and said, “There are indeed winners in the capital market, but there can be no gods who will always win without losing money. At this point, me and you, as well a s our investors, will agree with this.”
Soros nodded slowly and said, “Yes, what you said is right… Then we will increase our efforts to crush the Haddock Chamber of Commerce.”
At this moment, the press conference was closed in a flash while the call auction stage had also officially ended.
In the futures market, the tug of war over foodstuffs continued. While the two sides were still transacting at a rate of 100 million Somer Dollars per minute, the A share market had already set off a huge ripple.
Huge amounts of funds poured in from the outside, including domestic funds and foreign hot money. Meanwhile, hot money began pouring into the A-share market like sharks smelling blood.
Their goal was unified, and they were
targeting this batch of state-owned
enterprises that had just gone public,
Led by the two major oil companies and supplemented by the communications industry, the share prices of these state owned enterprises soared, leading an upward trend of their respective sectors and the overall market.
“After 10 minutes of opening, A-shares opened at 2434 points. It has opened higher and is moving gradually upward. Currently, it is at 2499 points and is hitting the 2500 key point. It should not b e very difficult to break through this point. Among them, newly listed state owned enterprises have reached their daily limit as soon as trading commenced. At present, there is still a huge influx of funds, while it has risen to the limit, the quotations are still going up.
Baz suppressed his excitement and said, ” Judging from this situation, it is not a problem for these state-owned enterprises to create more than 15 daily limits for the market.
“Due to the good news gained from the listing of these state-owned enterprises, the share prices of the sub-sectors of the relevant upstream and downstream industry chains are also rising and the market is improving!”
The moment Baz finished saying that, the A-share market officially broke through the 2500-point mark and surpassed 10 points in one breath. The offensive began t o slow down near 2510, but it was still rising.
“Very good.”
Jasper breathed a sigh of relief and said, ” We made the right choice by betting on this.”
The sentiment in the market was more enthusiastic than Jasper imagined. These state-owned enterprises closed their daily limit within a few minutes of listing, bringing nearly tens of billions of funds to the entire A-share market. Meanwhile, this inflow was still increasing.
This hot money had not only revived the A -share market but had also dissipated a lot of the pessimism in the market due to the recent attacks of Quantum Fund.
Over the next two hours, the market reached a few essential small points of 2550 and 2590 points from an initial 2510 points. However, when it was about to hit a high of 2600 points, an accident happened.
The three major sectors of tea, wood, and textiles suddenly encountered an unprecedented fierce attack. Almost all of the stock prices in the listed companies in this sector plummeted and began to plunge rapidly.
Even the textile industry that Jasper had been supporting before was beaten black and blue when faced with a large number o f empty orders. The scene was extremely tragic.
The direct chain reaction was that the entire upstream and downstream industrial chain had been affected, and
the clothing, cloth, furniture, and beverage markets were all in a state of emergency.
With that, a marvel appeared in the A share market.
On the one hand, there was a sharp rise in energy and communications sectors, while on the other, there was a sharp drop in the light industries like textile and wood
The sharp contrast brought about the exponential surge in trading volume and the violent fluctuation of the support points in the market.
At this time, Jasper also realized the key issue that Rogers had earlier spotted.
The siphon effect brought about by the listing of state-owned enterprises had begun to take effect.
Almost all of the hot money in the market had been absorbed by these state-owned enterprises, and the cost for the related sector’s increase was the sharp drop in the light industries where the Haddock Chamber of Commerce was located.
Because the hot money was all sucked away, market capital began to pursue the sector where state-owned enterprises were located, such that it had become extremely difficult for Jasper to protect the market.
“Mr. Laine, do you want to step in?” Baz asked hurriedly.
Jasper pursed his lips and said nothing.
He was thinking.
At this time, Celine had gotten up to stand next to him unbeknownst to him.
Baz was extremely anxious, but he did not dare to interrupt.
It was Celine who gently put her hand on Jasper’s shoulder and said, “You are not a god and it is impossible for you to be perfect. The most sensible thing to do at this time is to give up.
“The A-share market has a limit for its fluctuations. At most, there will be a 10% drop in a trading day, so let’s bear it for now.”
Jasper frowned. He knew what Celine said was correct, but…
After letting out a sigh, Jasper said to Baz, “Let’s give up.”
Baz also let out a sigh. It was unknown whether he did so because he was glad or disappointed. Then, he turned around and went out.
Just as Baz was about to leave the room, someone came in from outside.
Life at the Top Chapter 1967
The person who had just arrived was Dean.
Right now, Dean’s face looked anxious, and it was as if someone had a fire lit under his bottom.
It was obvious that he had something very urgent to tell Jasper, but after seeing that Baz was still in the room and there was also a strange but extremely beautiful woman he did not know standing there, h e felt as if all the words he wanted to had been sealed by glue when they reached the tip of his tongue, such that he could not utter a single word.
“M-Mr. Laine, I have very important
matter to discuss with you.”
Dean stammered.
After reaching a private agreement with Jasper, Dean had subconsciously regarded himself as Jasper’s subordinate. This was a completely different feeling from before.
Although he did not want to admit it, he also understood that he had to rely on Jasper if he wanted to take over the power of the Haddock Chamber of Commerce. He had no other way.
Should he depend on Gale?
He would need to do things according to Jasper’s will before he could even talk to Gale.
Now that the Haddock Chamber of Commerce was under attack, Gale had no good solution, so he could only send Dean to find a way to get Jasper to take action. A t the same time, he would also regard this as a test for Dean in order to become his successor.
By doing so, he would also be currying
favors with Jasper. However, if he simply got close to Jasper, he could directly replace Gale and take charge of the Haddock Chamber of Commerce in one swift move. However, if he did what Gale wanted, he would only get the status of the successor. As long as Gale was still alive, he would not be able to even think about handling any real power.
Even if Gale died, the unruly guys of the Haddock Chamber of Commerce were extremely sneaky. Without Gale, Dean felt that he might not necessarily have the qualifications and experience to suppress those people.
Thus, when Jasper offered to privately cooperate, Dean agreed without hesitation.
The price of this agreement was that he would no longer be Jasper’s equal…
However, Dean also comforted himself. Even if he did not agree, did his current self posess equal qualifications and the possibility to be on the same level as Jasper?
“There is no outsider here, just tell me,”
Jasper said.
Jasper would not say this if it was Anna or
even Wendy in the room, but not Celine.
It was not that he was not close to those women, but their positions in JW were different.
Wendy was naturally closest to him and she was JW’s boss, but the problem also laid here. Jasper could not let Wendy know about a lot of the things that were classified as secrets.
According to Jasper’s plan, Wendy would b
e in charge of JW’s daily affairs, so the
dirty affairs that he handled that would need him to get in contact with external forces would not involve Wendy.
She was like the empress in ancient times. The emperor’s harem was under the jurisdiction of the empress and the emperor would not intervene, but at the same time, the empress would not intervene with the nation’s affairs.
Jasper could bear everything himself.
As for Anna, it was even simpler.
Although Anna was not a member of JW, because her relationship with him was extremely ambiguous and amorous, it was all but certain that Anna could not join the JW system. Jasper would forbid this because the Laws were behind Anna.
No matter how good Jasper’s relationship with the Laws was, he could not expose all the secrets of JW to the Laws, just as the Laws would not tell him about their secrets.
This was the most basic rule and form of respectful communication between the two parties. After all, they were independent of each other.
Anna’s background determined that she
could not be a part of the JW system.
Jasper would not let her participate in any
official business surrounding JW.
Yet, when it came to Celine, regardless of her background, ability, or experience, she was a good helper for Jasper when it came to external work.
They could handle a lot of things together
and there would be no worries.
She was not like Wendy who could not interfere with JW’s external strategy and overall policy because she was in charge o f daily affairs, nor did she have a close alliance with JW like the Laws and did not possess a natural advantage because of her identity.
Right now, the things Jasper needed to consider when it came to the women were not simple matters like jealousy or fights between them. To put it bluntly, those things were trivial at the core, but he had t o control and manage the power between them well. Otherwise, terrible things
would happen if something went wrong.
The most important thing right now was that Jasper felt that he was more like Celine’s collaborator, rather than simply someone who had amorous feelings toward her.
Jasper’s words clearly satisfied Celine. She glanced at Jasper with a half-smile while her eyes were telling him that she was glad that he was being respectful.
Meanwhile, Baz was tactful. After he learned that Dean was going to talk Jasper and it would be inconvenient if he was still around, he exited the room.
Dean exhaled and said, “Because of the continuous limit down and what. happened in the market just now, the people in the Haddock Chamber of Commerce, which are mainly engaged in tea, wood, and other industries, are starting to panic. My grandfather is also struggling to endure the pressure…
“He made three consecutive calls to me this morning. I can hear that he is already a little dissatisfied and impatient with my inaction and he intends to get someone to replace me.”
Speaking of this, Dean was afraid that Jasper would abandon him. So, he added, “I If I am replaced, then it is unlikely that I will appear in front of you again. It is hard to say who will take my place.”
The meaning of this sentence could not be clearer. The subtext was simple, ‘I was sent by Gale to ask you to save the Haddock Chamber of Commerce, but now Haddock Chamber of Commerce has not been saved and is instead in even worse shape.
‘If you don’t take action now, I’m afraid I will be replaced before the official reserves enter the market. Then, your plan to replace Gale will be ruined and the person who will replace me might not be s o obedient…’
Jasper wanted to raise his hand to rub his temples, but found that there was still an I Vattached to the back of his left hand, so h e had to give up on that idea.
“Don’t worry.”
Jasper said, “Right now, you can’t let others lead you by the nose. So what if
you’re replaced? If he gets someone else t o come, this duty will still fall on you if the person can’t meet me.”
“But…”
Dean was eager to say something but was interrupted by Jasper with a wave of his hand.
“At the moment, Soros’ purpose is very clear. It is to fully target the Haddock Chamber of Commerce. The more he intends to do this, the more we must resist falling into the trap he has prepared, otherwise, we will fall into a financial tug of war. We’re not his opponent in the domestic A-share market.
“As for the pressure on the Haddock Chamber of Commerce, you can find a few people you think can be trusted and tell them about the social security fund. I will endorse you, so don’t worry if they don’t believe you. Tell them to stay put and wait. If they can’t even wait for a while, then they’ll only have themselves to blame.”
After speaking, Jasper saw that Dean was still conflicted. So, he said, “This is my decision, I’m not discussing it with you, okay?”
Dean was taken aback. Then, he nodded, turned around, and walked outside.
Life at the Top Chapter 1968
“This is so troublesome.”
After Dean left, Jasper leaned back in his chair and frowned.
Celine glanced at Jasper. Although she had been listening to them this whole time, she did not know Dean’s identity and what kind of agreement he had with Jasper, but out of professional sensitivity and a woman’s intuition, Celine understood that this guy must be scheming against someone again.
“I have just roughly analyzed the market. Although it is now closed because it’s noon, the situation at the opening in the afternoon may not be good. The decline of light industrial enterprises will affect many other enterprises and industries. With such a wide impact, the market will inevitably be affected. At that time, the advantages brought by the listing of state owned enterprises may be cut short.
“In reality, the listing of state-owned enterprises only brings hot money from the outside, but these hot money are all directed at state-owned enterprises. In m y opinion, the points in the market are generally inflated.
“Because only a few sectors of state owned enterprises are rising, it does not mean that the current domestic financial situation in Somerland has been eased, and even the existence of the siphoning effect has exerted a negative effect on other sectors.
“Do you have any good advice?” Jasper asked.
Right now, he really needed someone professional enough to give him some advice.
Jasper was also aware of the limitations of his own mind. For example, although there was a positive effect for the listing o f state-owned enterprises this time, he failed to consider the siphoning effect.
A wise man would inevitably make mistakes, and Jasper believed that he was neither a saint nor an immortal, so it was impossible for him to achieve perfection. However, since things had escalated to this stage, he could no longer make any mistakes.
“No.”
Celine shook her head.
“Truth be told, from the perspective of
modern history, we can see that the most recent event in which countries disintegrated each other’s power through financial means was the Plaza Accord signed by the United States and Sunrise Land in 1985, which was 15 years ago.
“Many people say that after the signing of the Plaza Accord, the wealth accumulated
by Sunrise Land in the decades after World War II was plundered. In reality, if we carefully observe the incident, we can find that the lower class and the middle class in Sunrise Land’s society welcomed the agreement after it was signed.
“Because their income could be converted into US Dollars without limit and the premium was very high, an ordinary salesperson could go to shopping paradise such as New York and Bali every month and buy luxury goods wantonly, let alone the large companies that bought out Times Square.
“The saying ‘the people of Sunrise Land can buy the whole world’ came out at that time.
“However, at the time, everyone didn’t realize that they were using Sunrise Land’s foreign exchange reserves for the things they bought abroad, be it a watch o r a real estate project.
“In the decades after the end of World War II, the rapid economic development o f Sunrise Land, the accumulation of technology, and the development of commerce had made their economic growth in those decades reach a terrifying level. This was followed by a growing foreign exchange reserve.
“But when the people used up the entire country’s foreign exchange reserves, they actively devalued the dollar, playing right into the United States’ plan, which led to the exponential increase in the exchange rate of Sun Dollars to US Dollars, while the trade deficit multiplied several times overnight. The people of Sunrise Land have exchanged decades of accumulation for a bunch of luxury goods and assets abroad.
“Then they find that the Sun Dollars they have on hand are worthless and they can’t
exchange foreign currency anymore nor can they exchange it for US Dollars because their foreign exchange reserves have all been squandered.
“As a result, a nation’s decades-long accumulation was wiped out overnight as they all became the nutrients for the United States to fill its own fiscal deficit.
“This is the real financial war between countries. When it is deployed, it waters everything quietly, and when it is launched, it will come crashing like a thunderstorm.
“So, although the current situation is bad, it is the best out of all the other bad outcomes. At least the United States has not made up its mind to fight a full-scale financial war with Somerland. Otherwise, at that time, JW and you can just step aside. In a war of that level, any company, even a multinational group, can only be cannon fodder, as what really determines the outcome is political power.
When Celine said this, she paused for a while before continuing, “So if you ask m e for advice, I can only give you one, and that is to use your good relationship with the higher-ups to tell them not to use foreign exchange reserves because it will cause the incident to directly escalate.”
Jasper waved his hand with a bitter smile and said, “Swallow Capital has probably considered this for a long time. They never planned to use foreign exchange reserves. It is a matter of national defense and security.”
“Alright, I’ll stop talking to you now. It’s after work hours and I’m going to take a beauty sleep. Do you want someone bring you lunch?” Celine asked.
“No need.”
Jasper raised his left hand and said helplessly, “This stuff is too nutritious. It makes me feel very full after it’s injected into my body, so I don’t need to eat anything.”
“Alright. I asked the doctor before this, and it can completely replace the nutrients that you usually consume in your diet.”
After Celine finished speaking, she turned around and walked away seductively and enchantingly, like a feline.
After Celine left, Jasper returned to the lounge with his IV drip in tow. He wanted t o rest his eyes for a while and wait for the opening in the afternoon.
Maybe it was because he had not had a good rest for too long, or maybe it was because the IV drip was too powerful, but Jasper slept very soundly. When he opened his eyes again, it was already 2:25 p.m. and the market was about to open.
The opening in the afternoon was exactly as Celine expected.
A-shares were still in a state of extreme contrast, but in the afternoon, the major stocks on both sides had either hit the limit down or limit up, so these funds began to enter other listed companies in related sectors.
Jasper did nothing in the afternoon, as he just watched Soros’s movements.
On the other hand, Soros seemed to be going crazy, he had only one goal in his mind and that was to destroy all the listed companies belonging to the Haddock Chamber of Commerce.
As all the stocks of listed companies in the main industries of the Haddock Chamber o f Commerce hit their respective limit downs, the scope of this blow soon spread to encapsulate all industries and listed companies that they could find belonging t o the Haddock Chamber of Commerce.
One really had to lament the power of
capital.
These listed companies, which were almost always looked up to by countless people in their respective industries in Somerland, seemed incredibly vulnerable at this moment, as if they were made from paper when faced with the attack of the Quantum Fund.
At the closing time, the market closed at 2577 points.
Foreign capital enjoyed an overwhelming victory.
Life at the Top Chapter 1969
The victory of the foreign capital upset both Jasper and the government.
“Originally, I thought the listing of state owned enterprises would alleviate the current decline of the domestic A-share market on a broad scale, but at present, although this strategy has achieved certain effects and results, it was far less effective than we expected.”
After the break, Jasper immediately got in touch with Mr. McNeal.
After this, Jasper would propose a very difficult request. Mr. Mason and the others would not necessarily have the decision-making power, so Jasper could only contact the person with the highest position possible, namely Mr. McNeal.
Thanks to Adele’s kindness, Jasper and M r. McNeal were able to talk to each other directly, which was truly the best decision at that moment.
Mr. McNeal pondered for a while, then said, “We plan to let the social security fund enter the market ahead of schedule.”
Jasper took a deep breath and said, “I am
also calling you because of this.
“At present, Soros is still buying foodstuffs in large sums in the futures market, and if we fail to defend ourselves on the financial level, there is likely to be a social and economic regression, but the price of foodstuffs will rise dramatically.
“Once such a situation occurs, it will become very difficult for us. When that happens, it will be difficult to continue to develop the economy in Somerland, let alone maintain the needs of people’s livelihood.
“So, I hope Swallow Capital will consider my suggestion and let the social security fund enter the market tomorrow!”
Jasper’s words made Mr. McNeal go silent for a while.
Jasper could clearly hear Mr. McNeal’s. breathing on the other end of the phone getting heavier.
“Tomorrow? Isn’t this too hasty?” Mr. McNeal asked after some consideration.
“It’s not, and it’s honestly still too conservative. If I learned of the current situation earlier, I would have asked them to enter the market today.”
Jasper continued in a deep voice, “The United States market will open tonight, and I will launch a full-scale attack. I am going to force Soros to face extreme pressure in one breath. If we fight a protracted battle, we have no chance of winning, so we must finish this in the shortest possible time to wipe out the power in Soros’ hand.”.
“If I crash the United States stock market tonight, the investors backing Soros will face enormous pressure, whereby all the pressure will be transferred onto Soros. B y then, he will have to make a choice to either withdraw or fight a decisive battle with us.”
As he said this, Jasper’s voice softened, but his tone became increasingly serious, “Mr. McNeal, this battle has been fought for too long, and neither private capital nor government capital can withstand such a long conflict. After all, our country i s still very weak right now, and we need to focus our energy on developing the
nation. Everything else can be put aside for the time being, so this decisive battle should be done sooner rather than later.”
Mr. McNeal responded quickly this time. H e said, “Okay, I got it and I will give you a
n answer as soon as possible.”
“Thank you, Mr. McNeal.”
Swallow Capital.
After putting down the phone, Mr. McNeal looked up at everyone in the conference room, stood up, and said, “Everyone, I think you all have heard Jasper’s suggestion clearly. I think we should really think about it now.”
The old man sitting in front of the table said with a smile, “Well, this kid is getting better and better, and he can actually look at this issue from a comprehensive perspective.”
As soon as these words were spoken, the other participants looked at each other. Then, they suppressed the emotions in their eyes and stayed quiet.
The old man wearing black-rimmed tortoiseshell glasses turned his head tolook at a fierce-looking old man beside him with a serious expression and said with a smile, “Mr. Butler, what do you think?”
“I agree with Jasper’s opinion.” The dignified old man’s answer was
straightforward, he did not hesitate at all.
The old man laughed and said, “Well then, let’s vote and get a result as soon as possible so that they can carry this out as soon as possible.”
By night, Jasper received a reply from Mr. McNeal just as the United States stock market was about to open.
Tomorrow, the social security fund would enter the market fully.
This was the best news for Jasper.
However, at the same time, the pressure o n Jasper became even greater.
This was because if he wanted to completely stabilize the domestic
financial market, the entry of social security funds into the market was only
one aspect. The other aspect was not any less important than the entry of social security funds, and that was the victory that Jasper needed to achieve in the United States stock market tonight.
The more successful Jasper was, the more anxious the backers behind Soros would b e, and by virtue of this, greater the pressure on Soros’ Quantum Fund.
By further expanding upon the victory in the United States stock market, the huge pressure would force Soros and his Quantum Fund to end the harvesting and crashing of the domestic market as soon a s possible in exchange for a chance for a decisive battle between the two sides. This was what Jasper would do tonight.
Moreover, it could not be delayed, so it had to be fully implemented tonight.
After thinking about it, Jasper called Jake.
“Tonight, we will do whatever it takes to destroy the top listed companies on the Nasdaq and Dow Jones that we drafted before.
“Take this plan.”
Jasper handed Jake a plan he had written himself. “I’ve written the target stock prices of
these companies listed above. The first task tonight is to snipe the stock prices of these companies and force them to these prices and then immediately buy them. Remember, we must use the short positions that we have never used to buy them. Do it through small-scale acquisitions with high frequency, and try not to attract the attention of others.”
Jake looked down at the plan which listed the names of more than 20 companies and the current stock price information in detail, as well as the target stock price and the description of the amount of stocks to be purchased.
With just a glance, Jake was sure that the companies on this plan included the Internet, technology, automobile, and other companies that were bound to have great prospects in the new century.
It was just that some of these companies were old-school big companies while there were even some that he had never
even heard of before.
However, this was not the time to ask questions. After Jake took the plan, he said to Jasper, “Mr. Laine, don’t worry. W e will definitely carry out this task well.”
“Tonight will be very stressful. Let’s go out and watch the market performance together.”
After patting Jake on the shoulder, Jasper got up and said.
“Okay.” Jake nodded.
In the evening of Somerland time, the United States financial market opened. Tonight was destined to be a night of fireworks.
Life at the Top Chapter 1970
The moment before the opening of the United States stock market, those well known large companies agreed to announce their stock buyback plans by chance.
The news did not have much impact on the market.
At present, anyone with a discerning eye could see that the stock price of these top companies were far lower than their actual value, but when would it be at rock bottom? Would they get stuck in the middle or would they get a very high price if they bottom-fished now? Everything was still unknown.
After all, very few investors truly had money to spare to invest in stocks. They all had to make the money turnaround fast. Even if they knew that a particular stock would rise in two or three years or even longer, the vast majority of stock investors would not choose this stock.
It was because the increase was uncertain and the timeline for long-term investment was too long.
Those who liked a stable income would simply deal with a fixed minimum financial manager. Meanwhile, most of the ones who plunged into the stock market with their own money were speculators who wanted to throw a sprat t o catch a herring and reap huge profits quickly.
Thus, the whole market did not fluctuate much when facing this news, instead, everyone fell silent.
They were looking at the JW Foundation.
At the moment, everyone knew that JW Foundation was the largest dealer in the United States stock market.
Even if they wanted to respond, they would wait for JW Foundation to respond first.
On the other hand, JW Foundation did not make people wait for a long time. As they were faced with the repurchase of shares b y these leading companies, the likes of which included Weresoft and Apple, JW Foundation’s response was simple and
harsh they would go short! If the current JW Foundation wanted to go short, its power was vastly different from
before.
With the 210 billion US Dollars earned from the subprime market along with their principal, JW Foundation now had a war chest close to the 300 billion US Dollar mark.
What kind of concept would this be?
If it was converted to Somer Dollars, it would have exceeded one trillion Somer Dollars.
If JW Foundation withdrew all its funds now, it would become the world’s largest venture capital institution based on market value, as well as one of the companies with the strongest financial strength in the blink of an eye.
However, the premise was that the JW Foundation did not distribute these funds.
One had to know that this money was.
made up of countless large and small
Somerland capital Somerland descends.
Foundation from turning into real behemoth, wantonly trampling on the States Jones Nasdaq markets.
Nasdaq has now become that suffered the hardest hit. opened at 19986 points, after the opening, although there was slight upward the repurchase plans major leading companies, stock market price decreased quickly we started shorting.
current encounters integer support it won’t take more minutes to break through this point.”
With funds at hand, had risen. Right now, Jake high spirits.
Before working daddy Nasdaq market.
Now he was not only a daddy, but he was also the daddy of these famous and world renowned companies,
The high of putting a massive batch of
short orders on the market with his
approval was incomparable.
Jasper was also in a good mood when he looked at the red-faced Jake.
“This is just the beginning. I’ve given you all the funds. If the Nasdaq cannot be brought below 15000 points before the close today… Baz has been coveting your position for a very long time.”
Jake was startled and hurriedly said, “Mr. Laine, don’t worry, I’ll get back to work now!”
After Jake went out, Jasper leaned back on his chair in a relatively comfortable position.
Now that he had nearly 300 billion US Dollars of funds on hand, it was not very difficult to achieve their goal. The main concern was whether those international hot money would come in to create confusion, Unfortunately, the thing that Jasper was worried about actually happened.
When the Nasdaq stock market index fell t 0 18000 points, Jasper clearly noticed the abnormal fluctuations in the stock prices o
f some important companies.
He could see large quantities of small positions forming in the stocks of larger, renowned companies.
This was definitely not the stock repurchase of those companies themselves. If it was their own stock repurchase, they would have made it known to the world and publicize it with great fanfare.
However, the buying behavior that was
happening now seemed to be an undercurrent hidden under the general turbulence. It was not obvious-it was not large in scale but also nothing to laugh at.
For the time being, Jasper did not know whose funds these were as everything was done carefully. It seemed that they were afraid that Jasper would find out, so every time they bought in, they would buy without affecting the market price.
Although it did not affect the market for now, they were like an extremely annoying piece of glue.
When Jasper lowered the stock price by a little, they would buy a little, and when he lowered it a little bit more, they would buy a little bit more.
If this continued, Jasper would be working on this fund in vain.
Jasper never wanted to suffer such a silent loss.
When the Nasdaq fell to nearly 17900, Jasper told Jake to stop.
As soon as it stopped, the glue that was like a stealing mouse, was immediately exposed to the sun.
The stock prices of these important leading companies had temporarily stabilized and after the trading volume had slowed down, their purchases became particularly obvious.
It knew that its intentions had been
exposed, and in an instant, it canceled all
the unsettled orders and immediately disappeared into the sea of funds withouta trace.
“Keep shorting,” Jasper narrowed his eyes and said to Jake.
The stop just now was just a warning to the other party that he had discovered them and that he was pissed. If they continued to accumulate money
untactfully, Jasper would beat them up.
After that, the funds did not appear again.
The Nasdaq market plummeted.
The drop of more than 3000 points could already be described as a crash.
This was the biggest one-day drop in the Nasdaq stock market since the financial crisis.
The entire financial market of the United States was full of grief. It was unknown how many people’s position were liquidated on this trading day, and it was unknown how many bosses of fund companies jumped off from high buildings.
The situation was even more chaotic now.
In the chaos, the target position of
Jasper’s bottom-fishing was getting closer and closer.
At the same time, the tolerance of the United States financial circle was getting closer and closer to the limit.
Eventually, some people could not help
but take action.