Life At The Top Chapter 1965

The abnormal spike in foodstuff prices

attracted the attention of Somergrain,

who was already closely monitoring the

prices 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 firmly

within 5% to 8% of the price increase

before the opening. Although there were

fluctuations, no matter how much Soros

devoured in the future, Somergrain could

still 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, the

trading volume of the foodstuff sector

was exponential, and the largest trading

parties were the buyers led by Quantum

Fund and the sellers led by Somergrain.

Just ten minutes after the opening, the

trading volume of both parties exceeded 1

billion Somer Dollars.

This trading volume was already

comparable to the sum of other trading

varieties at the same time.

One had to know that this was only more

than ten minutes after the opening and it

was equivalent to a turnover rate of 100

million Somer Dollars per minute.

Baz was overwhelmed by emotion. He



whispered, “Mr. Laine, once the situation i

s in a tug of war, it is actually not good for

“Yes, if foreign institutions continue to

long domestic foodstuffs, it will cause

panic in the market. If there are people

who want to stir public opinions to trigger

citizens to stock up on foodstuff, then it is

likely to cause social unrest.”

Jasper agreed with what Baz said, and at

the same time, he began to think about

what happened when Somerland was

facing the foodstuff war in his previous

life.

He could not remember the details, but at

that time, he remembered that several

places had issued administrative orders

restricting 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 persuasive

evidence to tell everyone that this bank

has sufficient capital and everyone’s

welcome to withdraw money at any time

they want, no one will believe that the

bank will go bankrupt.



“But if you limit the amount and

frequency of withdrawals for everyone,

then this bad news will intensify, and

eventually the it will become a self

fulfilling prophecy and the bank will

really go bankrupt.

“The key to the question is, does the bank

really have that much money?”

Celine looked at Jasper with blazing eyes

and 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 them

continue this tug of war. This kind of

transaction in which you buy what I sell is

based on how deep the pockets of both



parties are anyway. One fight for foodstuff

stock and the other for the abundance of

funds. Whoever empties his pocket first loses.”

Jasper thought for a while and finally

decided that he should not interfere too

much 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 he

said or did more, he was likely to burn

himself.

Now that the financial war had reached

this point, Jasper had to start to consider

the situation of himself and JW after the

financial war.

What the higher-ups needed was a

positive benchmark to face society, so this



was his golden opportunity. However,

there were risks behind the opportunity,

which was, the higher-ups were

absolutely unwilling to see a political

businessman who would criticize the

actions of the government.

“Mr. Laine, the press conference has

begun.”

Baz’s reminder made Jasper turn his

attention to another screen.

Currently, the news was showing the

scene of the press conference of the

chairman of the Somerland Securities

Regulatory Commission and several

leading state-owned enterprises.

At eight o’clock, the quiet and solemn



official press conference immediately

announced to all of society the news of

the centralized listing of state-owned

enterprises.

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 of

state-owned enterprises and the

stripping of most of the rotten assets that

had been rendered ineffective, the

remaining state-owned enterprises were

supergiants that had monopoly positions i

n special industries where they had no

competitors at all.



The influence it brought was absolutely

beyond 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!”

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