Life at the Top

Life At The Top Chapter 1847

Under the huge economic pressure, speed

of response of the officials in Washington

of the United States was amazing.

Just three hours after the opening, when

the exchange rate of the US Dollar to gold

had fallen by 0.3%, the United States

Department of the Treasury issued an

announcement.

“Within the next 30 delivery cycles, the

United States Federal Reserve Treasury

will release more than 800 tons of

national reserve gold to stabilize the

current US Dollar to gold exchange rate,

which is currently experiencing huge

fluctuations.

“The overall interest rate of the 20-year

treasury bond that is about to mature has

been raised by 5%.

“In the 30 trading days before the

maturity of the treasury bond, the bonds

will enter a blockade period and will not be tradeable.”

These three provisional bills made Jasper

frown.

“The first and second ones are still normal economic control policies, but are they going to play dumb with the third one?”

Normally, countries would not use political power to influence the economy unless it was a last resort.

This was because it looked bad in terms of

moral standing.

Who would dare to engage in your

country’s financial market in the future if

there was such a precedent?

Your government would throw out new

policies at every turn and flip the table

without abiding by the rules. Who would

dare to risk this?

desperate measures, so they started to shed all pretense of

what shall we do now?”

asked

the

a blockade order makes all

impossible. Withdraw.”

the Nasdaq Index.

pondered slightly and said,

2000

“Understand.”

received the order

Capital’s massive

the treasury bond

entered

index.

index of

based on the

of large stocks

trading stock market.

words, to short

had to do was

big stocks.

a thing would be

normal times.

the collapse

market brought about

mortgage crisis made

impossible possible.

to bear the brunt

companies that did

physical industries and

specialized in finance.

companies relied

financial market to survive.

market thrived,

money, but

first to die in

crash.

of JW Capital was

broke proverbial

which was

huge decline, began to

after JW Capital

its spearhead.

no

the market

of them were directly blocked off

list of decline.

a financial disaster that

never imagine

experienced it first-hand.

these companies wanted to sell, but the price was falling every minute and every second. There were only massive selling orders in the market but no

this, their sell orders could

be traded.

they could only watch

price fall.

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