Life at The Top novel Chapter 1965

The abnormal spike in foodstuff prices

attracted the attention of Somergrain,

who was already closely monitoring the

prices of foodstuffs.

Almost immediately, Somergrain

contacted Jasper.

Then, a large number of sell orders

immediately appeared in the market.

The price of foodstuff was locked firmly

within 5% to 8% of the price increase

before the opening. Although there were

fluctuations, no matter how much Soros

devoured in the future, Somergrain could

still hedge these orders by selling them..

Narrowing his eyes slightly, Jasper said,

We’re going to enter a tug of war.”

”

In the domestic futures market, the

trading volume of the foodstuff sector

was exponential, and the largest trading

parties were the buyers led by Quantum

Fund and the sellers led by Somergrain.

Just ten minutes after the opening, the

trading volume of both parties exceeded 1

billion Somer Dollars.

This trading volume was already

comparable to the sum of other trading

varieties at the same time.

One had to know that this was only more

than ten minutes after the opening and it

was equivalent to a turnover rate of 100

million Somer Dollars per minute.

Baz was overwhelmed by emotion. He

whispered, “Mr. Laine, once the situation i

s in a tug of war, it is actually not good for

“Yes, if foreign institutions continue to

long domestic foodstuffs, it will cause

panic in the market. If there are people

who want to stir public opinions to trigger

citizens to stock up on foodstuff, then it is

likely to cause social unrest.”

Jasper agreed with what Baz said, and at

the same time, he began to think about

what happened when Somerland was

facing the foodstuff war in his previous

life.

He could not remember the details, but at

that time, he remembered that several

places had issued administrative orders

restricting the purchase of foodstuff and cooking oil.

Because of this, the people who were already panicked at the time became even

more panicked.

Had it not been for the trust of the people of Somerland in the government, something terribly wrong might have happened at that time.

“This is easy to solve.”

Celine, who had been silent for a long time, said suddenly, “If the price of foodstuff has fallen, we should fully open up the inventory so that the people can see that the government has enough food for everyone.”

These words caught the attention of both Jasper and Baz.

Celine went on to explain, “It’s the same with bank runs. Usually, the run occurs because people start to lose their trust in the bank, and they believe that the bank is losing money and is facing bankruptcy. They’re worried about losing their assets i n the bank, so they will be anxious to withdraw their deposits from the bank.

“But if there is sufficient persuasive

evidence to tell everyone that this bank

has sufficient capital and everyone’s

welcome to withdraw money at any time

they want, no one will believe that the

bank will go bankrupt.

“But if you limit the amount and

frequency of withdrawals for everyone,

then this bad news will intensify, and

eventually the it will become a self

fulfilling prophecy and the bank will

really go bankrupt.

“The key to the question is, does the bank

really have that much money?”

Celine looked at Jasper with blazing eyes

and said with a smile.