Rogers shrugged and said, “Somerland’s
stock market has a 10% limit down, so
you are destined to stop at this step, but
what I am responsible for is different.
“Here, I can bring down any industry in
Somerland, and it’ll only take 1 day.’
On the screen in front of Rogers, the real
time futures trading chart was on display.
If there was an unannounced crash in the
stock market, then the investors would
exclaim that this was Somerland’s first
stock market crash. Yet, the sudden
collapse of the futures market would
make most people realize that foreign
forces were deliberately targeting
Somerland’s economic system.
The former was just the natural law of
economic development. As long as the
development period was long enough, no
country or society could avoid an
economic crises like stock market
crashes, and Somerland was no exception.
However, the latter was the blatant result of financial war.
The kind that would kill people at every turn.
During the Cold War, why did the Red Empire, one of the two figureheads of the world, collapse overnight? The United States did not use a single bullet to make the Red Empire that stood proudly in the east and made the world tremble fall to ruin, all because they started a financial war.
And this time, Wall Street capital directly targeted the domestic futures market. This method was far more terrifying than targeting the stock market.
What were the things that could be listed o In the domestic futures market?
Copper, aluminum, oil, wheat, cotton, white sugar, soybeans, and so on.
A closer look revealed that these goods were either basic materials needed for production and construction , or staple consumables required for daily living.
It could be said that these things were the lifeblood of society, and even the country.
Once it collapsed, the social turmoil caused would simply be unimaginable.
Thatcher Crawley, who just graduated from university, was a very dinary speculator in the domestic futures market.
He got into futures trading when he was i n university, and after he realized his talent in this industry, he immediately went out of control.
He initially started this to earn living expenses, then to cover tuition fees, and continued until now. When his university classmates were still looking for jobs, he already had assets of more than a million.
In this year, 1 million was a huge wealth that ordinary people could not even imagine.
According to Thatcher’s judgment, the cotton futures might rise slightly today, s o Thatcher bought the cotton futures order a long time ago with the delivery day being today. He bought 10 lots and the margin was exactly 500 thousand.
This was in line with his investment strategy. As long as he seized this wave of quotations, he could buy himself a house i n Waterhoof City.
Originally, the market and his judgment had not changed much in the first 30 minutes. Everything was as calm as he expected.
“This year, our neighboring country’s cotton was not harvested due to natural disasters, but our country had a bumper harvest. With less imported cotton, domestically produced cotton will naturally be in short supply, and prices will inevitably increase.
“Furthermore, today is the official
announcement of the cotton treasury purchase price this year. According to the law, it will probably rise by about 10%. With such a series of good news, cotton futures will definitely rise.”
Recalling and reviewing his trading logic, Thatcher, who felt that there would be no problem, was about to turn off his computer to go out to happily grab a bite.
When he moved his mouse to the software window and was about to close it, the originally calm futures trading market became turbulent.
And this turbulence was equivalent to a level 17 super typhoon.
There was no sign nor any prelude as the domestic cotton futures market collapsed without warning.
The candlestick chart that suddenly plunged straight down caused Thatcher’s brain to crash.
His first reaction was to wonder whether h e was hallucinating or wonder if there was something wrong with the system.
Many people felt the same way as him. After all, such an occurrence was too rare.
All fluctuations in the market required a reason. As the production of raw materials decreased and the demand increased, the price would inevitably increase. These two reasons were the causes for the price increase.
There was a bumper harvest of raw
materials and the demand decreased, so it would inevitably fall. This was the reason for the price drop.
However, was no reason and indicators at
all for the market that currently looked as
if it was on a guillotine.
Thatcher felt his blood go cold in an instant. His first reaction was to look at his backend. The shocking loss figure and the liquidation fund pool that had already shown a balance of zero caused him to lose his breath. Then, he fainted in front o f the computer.
Similar things happened all over the country.
Everyone who dabbled with cotton futures today had witnessed this scene that was destined to be recorded in history.
When this news reached Jasper’s ears, Jasper pulled up the candlestick chart of futures trading. The sky-high selling order that made people’s hearts race pressed the cotton futures price all the way down. The whole process only took more than ten minutes, but the price of cotton futures fell by a full 30%.
“It’s over.”
Jasper only said these two words.
