Life at The Top novel Chapter 1948

Ms. Acker and her assistants could not

believe what Jasper had just said.

How much was 100 million tons?

One had to keep in mind that in the past

2000 years, the total annual foodstuff

production in Somerland was only 380

million tons.

Although 2001 was not over yet,

according to the calculations of the

Statistics Bureau, the total annual

foodstuff production would not exceed

420 million tons.

This was the total amount considering all

types of food including wheat, rice, corn,

and so on. If they only calculated rice and

wheat, the amount would be less.

One year’s food rations for the people of

the whole country was a big deal no

matter which country it was.

And according to Jasper, this was only a

conservative estimate. If it was 120

million tons and upward, then it would

almost certainly exceed the national one

year production volume.

With a conflicted expression, Ms. Acker hesitated and struggled for a while before saying, “Our limit is about 140 million tons. If it is more, then there will be a great risk, and according to the regulations, no matter what the situation i

s, it will be necessary for us to retain a

portion of the foodstuff in the reserve

which cannot be moved under any

circumstance.”

Jasper was very satisfied.

He knew that Somergrain’s family background would not be too shallow.

Besides this, Jasper was sure that even if Ms. Acker said that the limit was 140 million tons, there must be a certain amount of room. Although this would not be too much, there should be no problem i f they braced themselves and increased the limit to 150 million tons.

In his last life, Somergrain eventually

defeated the three major foodstuff merchants of the United States. Even until the end, nobody, including the three major foodstuff merchants and the people of Somerland, did not ever learn how powerful Somergrain’s background was,

And this time, Jasper finally had some ideas.

“I know what to do now. N.”

Jasper said with a smile on his face, “I am more certain now.”

Looking at the puzzled looks on Ms. Acker and her assistants’ faces, Jasper explained, “In truth, the most essential trading rules of the futures market are very simple. It is just a sublimation of spot trading. No matter how fancy the operations and strategies are, this level of battle will only end in a spot transaction, and the fight will be between both parties’ backgrounds.

“Either there is enough money, or there are enough spots.

“Take foodstuffs as an example. In the futures trading market, if the market price is 10 Somer Dollars per 500 grams, the other party would first take all the trading orders for 10 Somer Dollars per 500 grams, and then orders with 11 Sommer Dollars, and then the ones with 12

Sommer Dollars.

“And we want to maintain a stable market price of 10 Sommer Dollars per 500 grams, so when the other party takes the goods of 10 Sommer Dollars per 500 grams, then we must come up with enough orders to deal with the other party.

“If they put out 100 million to buy, then

we’ll take out 100 million worth of spots t

o sell.

“If our goods are not sold and their funds are not exhausted, then this tug-of-war will continue until one of us can no longer hold on.

“In this matter, our biggest advantage lies in local operations. The capital of the three major foodstuff merchant groups is strong, but their business is global. Therefore, it is impossible for them to put all the funds and energy into Somerland.

“Once enough time has passed and the amount of funds consumed is large enough, then they are likely to be drawn into the abyss by this quagmire. Therefore, no matter how large their

investment is, there will inevitably be a limit. On the other hand, we are strategically safe so we can only fight till the end because we cannot retreat.”.

After Jasper said that, Ms. Acker pondered for a moment and asked, “So, is there a possibility that they will give up everything and destroy Somerland’s food reserves?”

“Not at all.”

Jasper’s answer was firm.

As he looked at Ms. Acker, who wanted to refute but did not, Jasper chuckled and continued, “Don’t forget, JW Foundation still has more than 180 billion US Dollars o f funds in the United States financial market. If they want to burn their boats, it will be equivalent to exposing their bottoms in the broad daylight. I will give them such a crushing defeat that they will have no choice but to sell even the underwear on their bodies.”

Although Jasper was speaking very softly, every word revealed unparalleled dominance.

As Ms. Acker looked at Jasper, who was