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?

However, Jasper obviously forced the United States government to desperate measures, so they
started to shed all pretense of cordiality and had flipped the table.

“Mr. Laine, what shall we do now?” Jake

asked

“The road to the national debt is blocked,

and a blockade order makes all operations

impossible. Withdraw.”

Jasper looked at the Nasdaq Index. Then, h

e pondered slightly and said, “Smash the

Nasdaq by 2000 points today.”

“Understand.”

Jake received the order and promptly left.

JW Capital’s massive funds instantly

withdrew from the treasury bond trading

market and entered the Nasdaq stock



index.

The stock index of a stock market was

calculated based on the proportion of a

certain number of large stocks in the

trading stock market.

In other words, to short the stock index,

what Jasper had to do was smash all these

big stocks.

Such a thing would be impossible during

normal times.

However, the collapse of the entire

financial market brought about by the

subprime mortgage crisis made the

impossible possible.

The first ones to bear the brunt of this

were those listed companies that did not

have physical industries and instead



specialized in finance.

These companies relied on sucking the

blood of the financial market to survive. If

the financial market thrived, they would

make a lot of money, but they would be

the first to die in such a stock market

crash.

The arrival of JW Capital was the straw

that broke proverbial camel’s back.

The Nasdaq market, which was already in

a huge decline, began to collapse

immediately after JW Capital redirected

its spearhead.

There was almost no resistance. 60% of

the stocks on the market plummeted, and

20% of them were directly blocked off the

list of decline.



This was a financial disaster that one

could never imagine unless they

experienced it first-hand.

Those stockholders who held the stocks of 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 buy
orders.

Because of this, their sell orders could not

be traded.

Hence, they could only watch the stock

price fall.

Before eventually falling through the

market.

Helensel Investment Company was a financial company that had gained fame o n Wall Street in recent
years. It relied on a group of professional salesmen recommending junk bonds to investors who did not
understand stocks to make a fortune.

For normal stocks, they could get a 2%

commission after the transaction, but for

those junk bonds that no one cared about,



the commission could reach 20%.

With this crazy profit Helonsal had risen

rapidly in just a few years, and its boss,

Caspian, had also relied on this company t

o instantly become wealthy. He bought

villas, luxury cars, and entered the upper

class circle of the United States.

Not only him, but all of his salesmen had also made a fortune, and everyone has become a veritable
Wall Street elite.

They wore constantly expensive suits, carried briefcases, computers, and a cup o f coffee in their
hands. They lived more comfortably than 99% of people in the world.

However, after the stock market crash, all the stocks became junk bonds, so no one was willing to
invest anymore and the company quickly encountered operational difficulties.

Caspian pledged all his property and planned to save the company, but today, his company was
directly blocked on the declining list.

This meant that he had lost all of the assets in his company.

Meanwhile, he even had to shoulder huge

debts. He went from a rich man who lived i na villa and would take helicopters to go out to a poor man
facing bankruptcy.



Unable to accept the blow, Caspian walked up to the top of the office building. He wanted to end his life
silently, but found that there were already people who were there with the same purpose as him on the
roof f the building as well as on the roof of the building across the street.

Standing in the cold wind, these poor and bankrupt people who never knew each other looked at each
other, and then each made the same choice…

Ending one’s life and issuing brutal layoffs had become the main theme of Wall Street.

The majority of the cars currently occupying Wall Street were not luxury cars like it had often been in
the past, but instead, were replaced with ambulances.

Someone new would choose to end their life almost every hour.

Below those buildings, employees who had nothing left after being laid off

numbly carried their personal belongings and walked out onto the road. They did not know what the
future held, and they did not know whether they could find another job to pay off their monthly bills.

The entire financial market of the United

States was in a great dilemma.

Just as Wall Street fell into great despair, the Federal Reserve made another move.

This time, their actions were simple and brash.

“800 billion US Dollars rescue plan.”

The Federal Reserve began to enter the Nasdaq and Dow Jones New York trading markets with huge
amounts of funds and began to rescue those listed companies that were on the brink of desperation.



This rescue plan, which was announced b y the chief executive of the United States i n a nationally
televised speech, was like a booster to strengthen the United States’ financial market.

Then, the market of the three major exchanges miraculously stabilized.

“Mr. Laine, there is a lot of pressure on the bulls. It is not just the 800 billion US Dollars from the
Federal Reserve, but some capital from other developed countries have also come in. They seem to
plan to take advantage of the low stock prices to acquire some important companies in the United
States.”

Jake’s words made Jasper frown.

“The harvesters are here.”

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