“This is so troublesome.”
After Dean left, Jasper leaned back in his chair and frowned.
Celine glanced at Jasper. Although favonovel.com had been listening to them this whole time, favonovel.com did not know Dean’s identity and what kind of agreement favonovel.com 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 my 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, favonovel.com really needed someone professional enough to give favonovel.com some advice. Jasper was also aware of the limitations of his own mind. For example, although there was a positive effect for the listing of state-owned enterprises this time, favonovel.com failed to consider the siphon effect.
A wise man would inevitably make mistakes, and Jasper believed that favonovel.com was neither a saint nor an immortal, so it was impossible for favonovel.com to achieve perfection. However, since things had escalated to this stage, favonovel.com could no longer make any mistakes.
“No…” Celine shook favonovel.com 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 or a real estate project.”
“In the decades after the end of World War II, the rapid economic development of 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, favonovel.com paused for a while before continuing, “ So if you ask me 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 to 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, favonovel.com 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 to rest his eyes for a while and wait for the opening in the afternoon.
Maybe it was because favonovel.com 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 favonovel.com opened his eyes again, it was already 2:25 pm. 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 favonovel.com just watched Soros’s movements.
On the other hand, Soros seemed to be going crazy, favonovel.com 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 of 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 to 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.
