Life at The Top novel Chapter 1587

“Time is running out and I only have one day left at best What are you going to do?”

Emil laughed wildly, but Sylphie was much calmer. She knew that since Jasper proposed this, he had to have a series of plans to carry it out.

Jasper smiled and said, “The easiest thing to do in the world is to make money from another country in crisis. From now on, Sentel and I will use our full power to get a loan from Sunrise Land. Now, the exchange rate between Somer Dollars and Sun Dollars is 1 to 7.6. We will use this loan to sell Sun Dollars and then wait until tomorrow. Once tomorrow arrives, we’ll immediately start shorting Sun Dollars.”

This plan was very simple.

An easy-to-understand term was to get rich without much effort.

According to the current exchange rate, 1 Somer Dollar could be exchanged for about 7.6 Sun Dollars. Based on this valuation, Jasper‘s loan of 76 billion Sun Dollars could be exchanged for 1 billion Somer Dollars.

When the Sun Dollars were shorted and the exchange rate plummeted to the point that 1 Somer Dollars could be exchanged for 10 Sun Dollars, Jasper would still have to repay 76 billion Sun Dollars to Sunrise Land Bank, but at this time, he would only need 760 million Somer Dollars in order to do so.

In the financial market, only junior players would buy bullish stocks and wait to make money. The intermediate players were the ones who would learn to play with futures and make money in both bullish and bearish markets.

Meanwhile, the real advanced players would play with exchange rates.

One could make a lot of money from the rise and fall of exchange rates. Coupled with the profit caused by the exchange rate difference, this was an excellent way to get rich overnight.

After listening to Jasper’s plan, Sylphie nodded and said, “This is no problem. Sentel Corporation has been operating and supporting some agency businesses in Sunrise Land recently. We can get large loans in a short period and exchange them for other currencies. But the problem is, as far as I know, you have no foothold in Sunrise Land, correct?”

The secondary meaning of this sentence was that Sylphie was worried that Jasper had no way of getting the loan in question.

Jasper smiled and said, “I don’t have channels, but I know people who do. Don’t worry about that.”

Even though Sylphie was curious when Jasper did not reveal to her the truth, she did not probe.