Life At The Top Chapter 1841

Many people could not grasp the concept o f 100 billion US Dollars.

Basically, in 2001, Somerland’s foreign exchange reserves totaled just over 210 billion US Dollars.

While the GDP was only 1.43 trillion US Dollars.

It was no exaggeration to say that the 100 billion US Dollars that Wall Street brought right now was
completely capable of setting Somerland’s economy back 10 years.

“One more thing we have to understand is that this 100 billion US Dollars is just what we are aware of
right now. Wall Street is backed by the United States government, so they can bring in more money at
any time. When that happens, what should we do?”

Jasper’s words made Mr. Mason and Tony’s faces become more serious.

“Then tell me your opinion,” Mr. Mason

said after a long time.

“A two-way battlefield,” Jasper replied

unhesitatingly.

“What do you mean?” Tony asked.

“I have to focus most of Wall Street’s

energy in the capital market of the United

States. Fortunately, we have achieved

results before, so this is relatively easy to



do. We have to force them to invest more

manpower, material, and financial

resources in the United States to fight

with the funds from JW Foundation. If

not, their hometown is at risk of being

ransacked.

“As for the domestic market…”

Jasper pondered for a moment and

hesitated whether or not to continue.

According to the memory of his previous

life, there were several big news and

moves in the domestic stock market in

2001.

In the case of the overall market, the

government officially started the high

pressure situation of key supervision this



year, and at the same time, they made more concessions toward the market for the listing of state-
owned enterprises. More importantly, this year, the National Social Security Fund was approved to
enter and operate in the stock market.

Naturally, there was no such thing in the current life, but a series of market stimulus measures had
already been introduced.

Generally speaking, this year, the government wanted to rectify the financial market and make the
financial market develop in a more orderly and healthy manner, followed by the introduction of
favorable measures to stimulate economic growth.

Now, what Jasper had to do was to pre emptively propose the policies that were already going to come
out, but he was not sure whether doing so would alarm the government.

After all, many of these policies were confidential right now, and according to the timeline, some of
them might still be i n the drafting stage.

If Jasper came up with the plan at this

time, would the officials be unhappy even

though they would enact this in the future

anyway?

Or he might make me the officials suspect

him of having underground sources for

this information.

This was not a good thing.



As if sensing Jasper’s hesitation, Mr.

Mason solemnly said, “This is not a

formal meeting, so just speak your mind. I

will use the spirit and character of my

political party and principles to guarantee

that it will definitely not have any

negative impact on you.”

“Sigh, Mr. Mason, you’re too serious.”

Jasper sighed.

He knew that now was not the time to

hide. As for whether there would be any

impact in the future, he would worry

about it when the time came.

“My opinion is that the domestic market

still needs to deal with this while relying o

n the strength of the domestic market.



“No matter how rich the country is, it will never be wealthier than the total wealth of all its citizens. The
stock market is a market that can make money. As long as this market is built up, social capital will flow
in. Everything else aside, we will at least be able to devour the 100 billion from Wall Street.”

“Be specific.” Mr. Mason frowned.

“First, strengthen market supervision. Why are so many large retail investors or institutions willing to
invest in Harbor stocks or foreign markets? It is because the domestic market believes that the traces
of trading are too heavy and too simple. Various illegal operations are common, and they are breeding
like flies.

“Investors will be unwilling to enter an unhealthy market because everyone is not playing the game with
the same rules. The winner takes all while the ones with huge capital can devour all the small investors
easily, which is very unreasonable.

“Therefore, the strengthening of financial market supervision and the introduction of high-pressure
policies when necessary to deter the bad seeds with heavy penalties is a step that must be taken. Just
look at the large foreign financial markets, they also went through similar periods. In this way, it will
inevitably guide more private capital to come in and revitalize the water in this pond.

“Second, speed up the listing of state owned enterprises. Due to our special national conditions, the
real giants of the real industries are state-owned enterprises, especially in certain monopolistic
industries, such as petroleum, tobacco, and telecommunications The state-owned enterprises in these
industries are good assets, and they do not need to worry about bankruptcy because of their monopoly
status. Therefore, once they are listed, they will inevitably increase market enthusiasm.

“At the same time, listed state-owned enterprises must be bound by policies and must give the market
a profit of at least 10 % of their total equity. Otherwise, the benefits will not be sufficient and fewer
people will be enticed to invest.



“Third, promote the entry of the National Social Security Fund into the market.”

of these three suggestions, Jasper only mentioned the third one in part, and did not offer any further
elaboration. However, everyone knew that the third one was the nuclear bomb.

“Social security fund!”

Tony took a sharp breath and said, Jasper, the social security fund is an important guarantee for the
stability and order of our society. If something goes wrong with this fund, it will cause a huge mess and
no one will be able to bear this responsibility.”

Jasper frowned. He knew that social security funds would definitely encounter huge resistance when
entering the market, and the most important factor was the viewpoint of conservatives like Tony. They
would be scared to take responsibility, so they would simply not act.

However, could this kind of mentality ever achieve great things? Hence, Jasper answered

unceremoniously, “Our ancestors used their flesh and blood to forge our current national fortune, and
we’re backing down now?

“Inflation and currency devaluation are inevitable for a country’s economic development. As long as the
economy is developing, the currency will inevitably depreciate, and their purchasing power will
deteriorate. This has already begun to appear as our country’s economy starts to boom.

“Meanwhile, the social security fund is dead. If it is left there untouched, after ten, twenty, fifty years, its
rate of depreciation and loss will eventually crash the market.

“So many foreign countries invest their social security funds. If you let it make money on its own, it will
at least outpace the rate of inflation. This is the only fundamental way for a fund of this kind to last for a
long time.



Tony still wanted to say something, but M r. Mason stood up and said excitedly, Yes, Jasper’s words
went straight to my heart!”

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