Darkstone Code

Chapter 1150 - 1148: Irreversible

Darkstone Code

Chapter 1150 - 1148: Irreversible

Translate to
Chapter 1150: Chapter 1148: Irreversible

Financial trading, especially spot trading of futures, is relatively unfair for most people.

Why do I say this?

Because before the financial markets open, ordinary people cannot buy or sell these financial products through any channel.

For example... Saturday and Sunday.

This gives rise to a question: If Saturday and Sunday are not trading days and the exchange is closed, does this mean that all global trading has come to a halt?

This is obviously impossible, and such thinking is very incorrect.

These trades not only do not stop but tend to become more frequent due to certain factors.

For example, right now!

A large number of mine owners are starting to offload quickly. They’ve realized that things have become very tricky, so they’re no longer concerned about whether it’s twenty dollars or not, and are starting to sell crazily.

The existence of the Northern Silver Mine and Federation Government intervention has become a spear that can pierce any defenses.

If there were only one of these, it wouldn’t be enough to quickly inflict a devastating blow on the silver market.

If it were only silver with no national policy intervention, it wouldn’t be of much value to those big investors. Some mines just could stop completely, tightening market trading volume.

At the same time, from mining, refining, transportation to silver ore appearing as silver ingots in the trading market or a bank’s preservation vault takes a long time.

And no one can guarantee that the miners will be able to mine the silver mine smoothly.

That’s Mariluo, after all; for money, warlords are willing to do anything!

So just having silver mines does not pose a danger to the silver market; at most, it’s a long-term influencing factor, not a deciding factor now.

But what if it’s only policy?

It might deal a heavy blow to silver, but it would definitely not be devastating.

The reason is also simple. When Federation policy intervenes in the silver price, it will hit hard, but the effect only happens once.

Once the Federation uses it once, future silver policies will have increasingly less impact on international silver prices.

It’s like an antibody mechanism, until it finally becomes immune.

The international market only needs to sever silver trade relations with the Federation to form a relatively independent system, thus decreasing the Federation’s influence on the international silver market.

In the end, the market itself has to speak, which means having enough spot stock.

So neither "spot" nor "policy" can be missing; without either, it won’t be as effective!

At the end of the Financial Supervisory Commission press conference, the President had the phone lines pulled.

Many people called in by various means to politely or impolitely present various demands, like asking him to withdraw the Financial Supervisory Commission’s announcement and change the upcoming implementations.

Some were also trying to persuade him not to oppose the Silver Alliance.

The President is someone who’s easily persuaded. He knows this about himself, so after taking two calls, he had the lines pulled.

Only then would he not be persuaded, and only then would he become an unavoidable page in the Federation’s history books!

Less than an hour after the targeted announcement from the Financial Management Committee was made public, almost the entire world knew the news.

Subsequently, Gafura also issued an announcement, stating that maliciously inflating silver prices has caused destructive chaos to the financial market, and the people of Gafura agree with the Federation’s approach. They will also begin to crack down on various financial crimes.

The announcement doesn’t mean the Prime Minister of Gafura has leaned towards the Federation, but rather that they have once again raised the butcher’s knife.

Ever since the Empire Special Zone implemented complete market freedom advised by Lynch, the domestic capitalists of the Empire have been flocking to the Amelia Region.

Capitalists and capitalism have begun expanding uncontrollably, much like the initial scene in the Federation.

Capitalists are no longer constrained and oppressed by noble privileges, and they do not need to pay more profits to nobility as maintenance fees for acting as a protective shield.

They quickly made a lot of money, so much so that they began putting themselves on the same level as the nobility!

To the nobility, this is unforgivable, but the prosperous commercial atmosphere of Amelia has also brought a lot of positive elements to the Empire.

For instance, after tax revenue increased, the treasury became more abundant, which is different from the past.

In the past, most profits went into the nobility’s pockets, and the capitalists received some for themselves, with only a small amount entering the treasury.

But as the profits squeezed away by the nobility returned to the merchants’ pockets, the increase in commercial taxes positively affected the Governor’s Government of Amelia and the Main Island this year.

However, among these positive changes, there are also some negative ones. Just like capitalism and capitalists will never be content with what’s in front of them, they’ve started trying to touch more interests that don’t belong to them.

They fancy interfering with society through capital in an attempt to bridge the gap between them and power!

They want power in addition to wealth!

This is almost an impossible task; the nobility of Gafura will not allow them to do so, which is one of the reasons why Gafura agrees with the Federation’s announcement.

They need a suitable reason to purge those merchants who are attempting to change the current political landscape—a bloody purge!

Regardless of the motive behind their agreement with the Federation’s announcement, it has had a significant impact on the global financial market.

Silver mine owners, who claim to have shut down due to exhaustion, are starting to sell in large quantities.

Eighteen dollars too high?

Then make it seventeen!

If that doesn’t work, sixteen is also fine!

They have accumulated a large amount of spot stock on hand, and to race against time, they’ve disregarded the previous tacit silence and just want to quickly pocket the money.

At this moment, Charlie and his sister are also caught up in the frenzy. Just yesterday, Charlie (sister) returned to her private island from the Federation, and so much has happened overnight.

At this moment, they have no solution for the completely out-of-control silver market.

Charlie (sister) gritted her teeth, slamming her palm hard on the table, "We’ve been played!"

Her expression filled with resentment, beside her hand lay an authorization contract.

She bought the future ten-year mining rights of a silver mine for three billion, which seems... not much?

In fact, this price wouldn’t be a problem for buying a gold mine, and for this, she even scrambled together a sum to deposit into that slut’s account.

Thinking of that slut’s "non-negotiable" look, she laughed and signed the contract, transferring the funds despite months of talk. She was exasperated.

Without a doubt, Lynch is definitely behind this, and even the entire Federation Government is involved; otherwise, things wouldn’t have developed so quickly.

"The only good news now is the silver mine is still in our hands..." Charlie (brother) said, chewing on his nails.

He didn’t even notice he had already chewed the nail’s edge off and was steadily moving deeper. A trickle of crimson mixed into his saliva, but he felt nothing.

"We can have the Silver Alliance issue a statement to oppose the Federation, challenging them on the policy front."

"Additionally, quickly release a statement saying that due to the sharp fluctuations in the silver market price, the Northern Silver Mine will temporarily halt all extraction operations."

Using the Silver Alliance to fight against the Federation, no output from the Northern Silver Mine, this was possibly the best strategy Charlie (brother) could come up with.

He couldn’t find any other solutions, as he was powerless against this!

He knew that he couldn’t withstand the first wave of attacks; now his only thought was to prolong the battle as much as possible.

If it could drag on for three to five months or even half a year, with influences diminished, the Federation’s impact on silver wouldn’t be as significant.

Soon the entire Silver Alliance mobilized, having been the main beneficiaries of the rising value of silver.

Each country purchased large amounts of silver, so if the price plummets, they too would suffer losses.

They condemned the Federation Government for attempting to control the market for certain personal gains while urging more countries to stand together against tyranny.

The President laughed outright when he saw this report. He then asked his new assistant when the Federation became one of the "tyrants"?

That question... actually made him quite proud, and he increasingly felt that his decision was the right one.

Then the Federal Financial Management Committee released another announcement: They had identified the main suspects, Charlie and his sister, and began an international manhunt for the siblings.

Immediately afterward, the Mariluo Government acknowledged the Federation’s announcement, declaring Charlie and his sister "persona non grata," and began freezing their assets, including investments within Mariluo, reportedly intending to auction them.

It’s clear that the Mariluo Government has sided with the Federation, which is normal. After all, it’s just a puppet government; perhaps leaning towards the Federation is better than siding with the warlords.

At the very least, the Federation Government can arrange reliable security for the Grand President, which the warlords cannot do.

The Mariluo Government’s announcement shattered Charlie and his sister’s plans, especially their declaration of legally auctioning these illegal assets, which rendered the siblings’ and even more people’s schemes completely bankrupt.

Once the Silver White Ore is auctioned, it means a significant influx of spot silver into the market, making the price unstoppable from falling.

No one dares to say they can withstand such an unprecedented volume from an open-pit silver mine, which means... all methods are ineffective.

In places unseen by those financial investors, silver ingots measured in tons are being traded frequently, and the prices keep falling as if there’s no end!

How did this chapter make you feel?

One tap helps us surface trending chapters and recommend titles you'll actually enjoy — your vote shapes You may also like.