Jasper’s reply did not put these old, experienced presidents at ease. In order to the level where they were now, they not only had to possess exceptional intelligence but were also widely-read critical drinkers.
Thus, they would not blindly believe what anyone said, not even if it was Jasper. Instead, they would put whatever they heard through their thought framework and try to locate any problems that might exist.
Soon, someone spotted a problem.
Mr. Reagan from HW Group said, “But in terms of strength, when you put it on paper, our side would be the one that collapses first.”
Mr. Reagan gave Jasper an apologetic look after favonovel.com said that.
Jasper smiled and gave favonovel.com an understanding wave.
He had just been stating the facts and was not trying to pick a fight with Jasper.
“In truth, even if Mr. Reagan had not brought this matter up, I would have discussed it as well. After all, I’m sure that this is something everyone is worried about, and it is a perfectly valid and important problem.”
Many nodded their heads in agreement when Jasper finished speaking.
“That’s right. On paper, we’re no match for the United States in terms financial capital. However, that in and of itself is problematic.”
Jasper raised a finger and said with conviction, “Both the Somerland officials and the United States officials have not made the necessary preparations for our countries to engage in an economic war. Thus, at the end of the day, this is something that’s between private capital and companies.”
That was a given. If the United States decided they wanted to engage in this economic war against Somerland, Jasper would not waste his time talking. There was no point in fighting a war they had no chance of winning.
Moreover, based on current international situations, the United States would not engage in an economic war against Somerland that would ultimately also pit the countries against each other. It was not a problem of whether they would win or not, but rather, it was because it would lead to a complex international situation that affected many other bodies once it started.
The smaller scope made Jasper feel that this matter could still be kept under control.
“Capitalists only have one attribute, and that is they are profit oriented. Once the capitalists realize their potential losses will be much larger than their earnings, they’ll flee. This is something that no one can stop.”
Jasper narrowed his eyes slightly and said, “If you look at Wall Street, you’ll see that there are more than 300 companies on Wall Street alone. However, the question is, how many of those companies are actual brick and mortar companies? The answer is zero. Wall Street uses capitalist methods to control the real economy into making money for them. It is their greatest advantage, but also their biggest weakness.”
“As for what I have to do, I have to cause the Wall Street capitalists to suffer major losses. They’ll flee once their losses cross a certain threshold. You can make high earnings quickly by using capitalist methods, but you lose that money even quicker. Thankfully, JW Foundation has already completed half of that work, and only the other half remains. That is what I will continue to work on.”
“In summary, as long as our country manages to tough it out make it through the hardest stage at the start, victory is not impossible.”
Many people heaved sighs of relief when they heard what Jasper said, and they felt their racing hearts calm down slightly.
After all this, the economic forum was drawing to an end. The result and purpose Jasper had been after had also been achieved.
At least all the entrepreneurs who attended the forum had reached a consensus. Everyone now knew that at this point, they should not be holding personal gains or losses against each other now. If they lost this game, everyone would be done for, and things would not look pretty for them.
If they wanted to remain in this game and continue earning money to maintain a high social standing in the country, they would have to grit their teeth and tough it out. Without considering anything else, at the very least, these entrepreneurs were all feeling the most interconnected they had ever felt.
Of course, even though the formalities had been taken care of, they still needed to discuss plenty of details.
It would require Jasper and other people who were at least in charge of leading companies within the industry to conduct private discussions. It was a time consuming and troublesome matter, but with Jasper’s prestige and the government’s backup, it was just a matter of time and effort. Jasper wanted to get everything done in the next two days before the market continued operations like normal.
Just as Jasper was about to end the economic forum, Wendy hurried over with a solemn expression on favonovel.com face and gave Jasper a meaningful look from where favonovel.com stood. Jasper’s brows furrowed together slightly. He knew for sure that something huge had happened if Wendy had come over now and requested to talk to him.
However, it remained unknown if it was a good or bad thing.
Jasper handed the microphone to Wayne and signaled for favonovel.com to continue hosting the economic forum before walking off stage.
After all, in his past life, Wayne’s favorite thing to do after making it big was to share his personal opinions and preach about life to others. Hence, Jasper was not worried favonovel.com would mess things up.
When Jasper walked over to Wendy, favonovel.com did not even need to ask what was going on before Wendy spoke in a harried voice.
“About ten minutes ago, Half the Harbor Langdon, Kennedy Langdon, and Sawyer Atticus acted as representatives from Fongroup, Hope Group, and Atticus Group respectively in achieving a strategic alliance, cross sharing up to 15% of stocks as they pledged to protect each other’s interests.”
“Moreover, during their press conference, they announced three resolutions that go against the Somer people.”
“Firstly, they’re completely backing out of Somer’s financial market Then, they’re terminating all collaborations with JW Company and any companies that work with JW Company. Lastly, they’ve decided to invest 500 billion US Dollars into the United States financial market, using 100 billion US Dollars to settle the United States’ debt. The minute the press conference ended, they’ve already repaid 20 billion US Dollars’ worth of the country’s debt.”
“As a result, the United States national debt market is quickly regaining its footing and gradually rising. As the stock market is still closed now, we’re still unable to observe how it will affect Harbor City’s stock market. However, the internal analysis shows that the Harbor City stock market is probably going to see a major drop, and that might bring about serious repercussions.”
The crease between Jasper’s eyebrows deepened as Wendy spoke.
“Press conference from ten minutes ago?” Jasper asked.
Wendy nodded and said, “Yes.”
“Looks like it was done to spite us.”
Jasper narrowed his eyes slightly and chuckled coolly as favonovel.com said, “So, they’re all just as bad as each other. Fine, it’s a good thing they’re working together now. I can get rid of them all in one go!”
