Doomsday Anarchy by Bobby Akart

Author:Bobby Akart [Akart, Bobby]
Language: eng
Format: epub
Published: 2019-02-26T06:00:00+00:00

Chapter 30

Schwartz Estate

Katonah, New York

“The sell-off started with a mysterious plunge that immediately caused the exchange to halt trading. Foreign exchange markets intervened with multiple ten-second pauses to prevent steeper declines in the U.S. dollar. Abroad, futures trading was halted within minutes thereafter.”

CNBC’s morning market-analysis program, Squawk Box, was playing on one of the television monitors in the Schwartz conference room. Jonathan Schwartz had rejoined his father to watch the aftermath of their currency manipulations. Joe Kernen, reporting from NBC’s London offices due to the evacuation of Midtown New York, appeared disheveled as he caught his breath and continued.

“Traders also speculated that the selling could be attributed to a large fund, or group of funds, liquidating its position in the dollar. The dollar index has fallen to a level well below its lows of 2008, and it appears that there is no end in sight. With Washington in disarray due to the terrorist attacks of New Year’s Eve and speculation running rampant that the president will be announcing the implementation of the U.S. continuity-of-government contingencies, there is little to soften the blow of this free fall as investors are more than jittery. They are downright terrorized at the prospects of a collapsing dollar.”

Schwartz chuckled as he lowered the volume on the set. “As well they should be. After the forex markets halted trading on the dollar around the world, they will test the waters by reopening the futures market. At first, there will be nervous investors looking to buy in at the bottom of the decline. Others will continue to dump the dollar before it crashes further.”

Jonathan pulled up a chair next to his father and sat down. “In the meantime, we’ll step back in. There will be a whipsaw effect in dollar futures that will cause a wild market swing upward. We will profit from that, and then in the morning, the Treasury Secretary will announce that all is right with the world as the mighty dollar regains strength and—”

His father finished the sentence. “We’ll crash it all over again. Son, markets like stability. There’s a reason we developed the concept of velocity logic. Our computer programs can instantaneously detect market movement over time in relation to all indices. As a result, we can overcome the built-in safeguards by Wall Street and London. Our trades happen much faster than their reactions.”

“It’s ingenious and nearly undetectable,” his son added.

“That’s why we use it sparingly. Some have weapons of mass destruction. We have weapons of financial devastation. We can destroy businesses, banks, and now, my son, empires, using the power our wealth affords us.”

The two men sipped their tea in silence as they monitored the frenzied trading activity shown on the various news programs. Live feeds from around the globe—including London, Chicago, Tokyo, and Hong Kong—revealed the same images.

Schwartz finished his tea before pushing his cup and saucer to the side. He leaned forward on the conference table and folded his hands in front of him. “Son, this president has always had tyrannical tendencies, in my opinion,” he began.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.