December 2, 2001, Enron suddenly filed for bankruptcy protection in New York bankruptcy court, the case was the largest in U.S. history a .9 11 bankruptcy, a symbol of glory and dream of the U.S. World Trade Center twin towers in the world attention in the fall. Now the growing financial crisis, terrorism and political evolution of international terrorism is still the main line. the face of it two things have nothing to do, but had lived in New York, Peking University professor Han Yuhai article , 9.11 behind, and Enron, are strong built in 1930-1931 during the Great Depression years, as the employment of Keynesian stimulus policies of crisis response, the Empire State Building and Rockefeller Center also started for the then provides hundreds of thousands of jobs, also created the days, ten-storey building, where new business opportunities. Owing to the Wall Street entrance to the World Trade Center has been wiped out, and the Empire State Building is still the tallest building in New York today, has received one hundred and fifty million tourists climbing up and down.
, of course, myth is more than the construction amazing things that I'm afraid we do not believe it: if God received in advance, tipped off the White House or one of the secret bin Laden calls the general, the owner of the World Trade Center buildings, the super wealthy Larry A Silverstein not earlier not later, just in 9.11 mm to the World Trade Center one month before the 3.5 billion U.S. dollars on the huge insurance, that is, 3.5 billion U.S. dollars just a huge force policy, which the World Trade Center to Huocongtianjiang exploded themselves like a.
Meanwhile, the day before the 9.11, the U.S. airline stocks were heavily sold, transactions increased by ten than doubled the first day, today's perspective, even a fool can think that in retrospect, 9.11 the day before the sell-off of airline stocks If not, then the Prophet of God, it must be someone else.
course, most American people do not have to post here would like to, but easily be President Bush's impassioned speech to the war in Iraq that flicker in a large mud pit . This is not to say that bombing the World Trade Center is the developer of its own, but if they say that Manhattan's wealthy are not even this spirit, then it is looked down upon the United States.
2002 in the fall, I have met in Shanghai been to a Chinese super-rich, and his remarks are still worth pondering today want to come. He said: From the perspective of the real estate business, Mao Zedong completed the is not to mention things like the Olympics, so engage in real estate today, the first people who should be most grateful to Mao Zedong. This shows once again: mm including college scholar, Professor of Economics, vision certainly high, but the real capitalists.
Mao Zedong and the Soviet political economy textbook read, version of Marx's work is about the issues mm say we may or may not believe that today we see the On Part VI, published its own look alive, in fact, only the first part of the first volume, after the two volumes by Engels and Kautsky were two By sorting, editing Marx's manuscript and published. mm means that we see today, the so-called Introduction to the theory part of it.
old Moses, the true the ultimate fate of capitalism, Marx actually wrote what? what powerful forces to force a draft so afraid of these residues, which had sealed its long-term imprisonment? view of Moses, the powerful forces of the enemy of both Marx , including Marx's successors, especially his idea of finishing, editor and administrator. Priority is to break the recently re-read Mao was writing a book. in his packed Or start with these two words start with the origin and history: freedom, equality and fraternity of the Enlightenment ideal of the It is widely believed that equality and development go hand in hand, the first three years of the PRC, for example, is to believe works not , that is, examine and correct the text to explain the text, a word a word, an honest reading down this way and thinking of Marx and Mao go together, because Head of Zhang Xudong, historian Rebecca. Carl packed classroom, feeling as if the first is to return to the Yan'an era one thing, New York University's China Center is a former Chinese cultural officials invited to lecture, only to vomit after Lotus Acura Lincoln High Civil Servant, more than Washington, never forget the froth at the mouth accusing the end of Mao Zedong for the emperor, old Moses last straw on the spot taunt Road: the old lady can be forgiven for your Lincoln, Washington, ignorant, but inexcusable is that you even forgot to Mao is your own Washington and Lincoln! excitedly exit Moses has not forgotten the old account: After the speech must not be allowed to use senior officials of public funds after a meal, please.
heard Zhefan teachings, who would dare old man theory of Marxism, Mao Zedong? let alone talk about Lincoln, to Washington.
China and India, and fundamentally still not out of the Opium War
the following to say as interesting as this and the old man Moses Mingjiao Pi, Professor David (David M Pidcock). to know many years, my feeling is: and the old Moses learned this with who know little, to listen to Leather David London stock market, a corner of the old mole. Paper David Paper old founder of the core secret, especially devoted to the analysis and revealed the shady financial markets.
Paper David was born bankers, and his ancestors is an important shareholder of the British East India Company, participated in the colonization of India and the Opium War against China. After that period of history about 1840 years ago, the skin will be able to understand the genealogy of David look up the truth of many we do not know.
David appears in the skin, the Opium War between China and Britain is certainly not the war, but China and England Bank and the East India Company led the war between the London financial markets.
1830 years later, the East India Company and the Bank of England stock and futures trading through the company re-organized a link to the British - India - China - United States and the Americas - Africa's new world economic structure and the world trading system, this system of cotton cloth - tea - Silver - Cotton - the slave trade, were by the East India Company and the Bank of England stock, futures dominated, that is: in this system which, in addition to Britain, Bank of England led by a new world economic system completely conquered and marginalized. the lack of military technology to China and India have been forcibly incorporated into the British-led among the world's geo-political system, but more important is: soft power China and India can not allow the lack of a strong currency credit system, resulting in cross-regional trade can not form a separate regional currency and instead had to rely on the Bank of England and the East India Company of the bills of exchange and stock, this is the real reason for the decline lies in Asia.
Paper David conclusion is: not the West's most powerful artillery, but the banks mm stock, bills of exchange, futures, securities and other credit instruments of this series, and this thing is actually called World trade also had to rely on the dollar and euro, as long as India is still the so-called stock market, they are still the object of exploitation and Western countries to pass the basic objective of the economic crisis, that is, in this sense, China and India today is still fundamentally a matter of fact, and not really out of the Opium War (caused by the world Architecture) mm unless they one day be able to form between the countries in Asia is different from the dollar and the euro a regional common currency mm which is easier said than done.
Enron stood behind the Pentagon and the U.S. Treasury
large skin after the point guard in the 9.11 is the first shot against Enron. as he later said, the Enron bankruptcy the current U.S. financial crisis is the real precursor.
Enron is the U.S. energy giant, and its own assets into nine billion, operating income over billions of dollars each year, this was established in 1985, President Bush's Texas hometown of small companies, the use of the U.S. government since the late 1980s, the energy and opening up (soon to energy privatization), deregulation (that is, the demutualization ) policy, quickly monopolized the U.S. energy (including electricity, oil and natural gas) supply, and energy supply into the stock and futures markets. in a decade, the rapid outbreak of Enron, its business throughout the United States and around the world, company's shares rose from a few dollars per share for the eighty-nine U.S. dollars, this amazing stock appreciation, not only in the bubble era of knowledge economy and the overwhelming dominance of the various IT companies, and, after the U.S. economic downturn in the 9.11 under the condition Enron is thriving. to attract a large number of shareholders in the pursuit of energy shares, after 9.11.
Enron rapid rise of what exactly is the secret? Paper David concluded: Enron's management is actually almost a complete mess, it is the rise of an outbreak of type the real secret is not advanced products and business philosophy of innovation, but in conquering the network of relationships behind it: the private energy giant Enron Corporation is the U.S. political and economic domination of the tool, the so-called The night watchman is the CIA, the Pentagon and the U.S. Treasury.
collection of David according to the skin to master the material, Enron's CEO an important member of the playing in the big World War II and the Cold War in its role, including Chinese Kuomintang financial links between the four families, are well documented. Also, as a former U.S. Treasury Secretary Robert Rubin of Citigroup's also more than a few, more famous is the Vice President Dick Cheney, the company owned by Harry Burton mm is well known that even the U.S. soldiers fighting in Iraq is the company food, drink, make arrangements for the.
; stood behind the Pentagon, plus CIA, we used the great understand what the whole no great democracy mm to stir that even if you are impatient to live. people monopolized the energy, but also hold both military and secret police agencies, will come out who want to engage in a matter of course, since you can democracy contracted out to a gas pipeline contract to Enron, in return, a close friend of the Bush family, became president of the project in 1993, when members of the Bush administration, former Enron finance director of Thomas. Kelly forced the Government to rebuild Shuaiba Kuwait ( Shuaiba) power plant project in order to survive, even though Enron's offer to be much higher than other companies, according to the Government of Kuwait can only kill a single recognition In 1991, Enron won a large Pak India (Dabhol) power plant project, as thousands of local residents took to the streets to protest the destruction of their homes, while Enron's response is to hire the Indian military and police repression of popular demonstrations vigorously, But the Bush administration turned a deaf ear to this In 1992, Enron political contributions in the general election two mm and the results provided large sums of money to prove that it is not white, the Clinton administration took office immediately after the Suharto family in Indonesia will be to actively convince the largest energy project in Indonesia to pay to Enron. In the same year, President Clinton is under the personal Yuehe, Enron won by the Russian natural gas deliveries to Europe pipeline construction project, then, the United States to grasp the connection with Enron energy between Russia and the European channel This contract is ten mm traumatic Putin signed today want to change the line natural gas pipeline simply can not do. mm in 1998, the World Economic Forum in Davos, Enron, Looking prospects for the company, said: development opportunities, I firmly believe: China will catch up then the pace of market liberalization, if it does not want the words from the outside world. collusion and the nature of elite interest groups, this is in fact the Enron rapid rise in just ten years the secret of the outbreak.
Enron bankruptcy, is the real precursor to the U.S. financial tsunami
, however, is on Enron's long-term investigation and tracking makes David realize that the skin: a dark cloud of Enron, Enron expansion to the world behind the growth story is relied on to maintain social relations, and social relations is to maintain this huge overhead cost of the Enron, resulting in spending a lot of stealth, which makes the financial system if not the Enron mess, and probably a lot of black cook the books accounts, rarely see the light, and that Enron not only long-term to the Democratic and Republican parties to pay political contributions, but also To the neo-liberal policy-making to provide strong public support, which requires support research, provide so-called s institutions around the world, its spending and spending an increasingly large mm leather David's words, as more and more secrets, Enron, which paid in order to protect the secret of the cost would be higher. He asserted: Enron's financial reports must be false, no matter how obscure, there is always the day that pandanus emptied.
and the problem is more than that, when the target fixed on the skin of David Enron Chief Financial Officer Andrew Fastow After the shocking side appeared. On the surface, the Enron CFO Andrew. Fausto (Andrew Fastow) mm We are referred to as year-old lawyer, the father of two sons, spare time will be mainly used as the son of the athletic trainer, or roam the modern art gallery in New York, to finance various academic institutions. His wide social circle, but there was the business community who is most familiar to him, though reared a lot of media, the main features of the wealthy is never on television mm even after the Enron incident, as the main responsible person, Fu's lawyer is still invoked to avoid the total bill, so that he to remove the exposed face of the television cameras. However, the survey found that the skin of David, if Enron people can not see the other side. The mysterious The point is not the company's profits, but investors and bank loans mm so-called non-profits can not afford early, of course, Enron's board of directors will not give the day the capitalist futile.
9.11 later, when the world is in pursuit Energy shares, when Enron stock leather David decisively bearish, while he collected himself the secret of Enron written a book called Who stuffed the beginning of a mm we thought he was making money has nothing to do more than eat special game of , the details of the Enron accounting fraud case is extremely complex, but the general idea is quite simple: First, the on account of these small companies, while the other hand, the profitability of a small company then transferred to the Enron name, and only in this way, Enron's financial statements in the long run red flag fluttering. and as long as Enron's financial statements on the red flag fluttering, it can be freely used on Enron financial statements that the low-interest loans to small companies and then in turn continue to write off bad debts.
fact, from today's point of view can clearly see that the game is actually played by Enron, and in September 2008 caused the world financial crisis since the Wall Street The big companies are doing exactly the same, but has only been in the Enron case as a handle, did not arouse great attention around the world, which its forces behind the cover and Enron is the key to this cycle if the game was to go broke, if no one has discovered the secret, the game will probably continue forever, and when someone shouted, and perseverance, we finally started yelling too skeptical, even if the final result only led to the Commission symbolic of the credit rating agencies down there, and once the credit rating fell, the three companies will immediately face the deadly consequences: first, the company can no longer low-interest loans from the bank; Second, the previous loan will be due in advance; third, harm investors confidence, the stock fell.
and it is breaking the chain of funds, debt ahead of maturity and the triple whammy of reduced assets, in less than a month's time, energy giant Enron generally exposed to a huge avalanche of bad debts and loss, and makes no attempt to save its power had to stay away, eventually had to let it declared bankruptcy. At the same time, Enron's huge profits were missing, and including the retire, and not subject to any accountability, leaving only a large number of tragic investors screaming in pain, nothing with.
on September 13th is the day I came to New York, David treat skin that night, satiated, the same walk to the Hudson River. As is the Chinese Mid-Autumn Festival the next day, back in Manhattan, facing New Jersey, It seems to me looked, the moon would say that the United States also does not really round. Paper David is on one side sneered: You guys just arrived in China, but also love to see the moon does have a show, I guess this time you can ah mm not get their wages are a problem miles.
I said would not it? Paper David laughed: Wait and see mm in two days, there must be something big happens on Wall Street. At that time I thought he was drunk , none of my ass things to say on Wall Street, in addition to shopping and I would not go there to cruise (in Manhattan's Chinatown Canal Street from Wall Street where the only one across the street).
Sure enough, two days after the Sept. 15, Wall Street's financial tsunami, the same day Merrill Lynch and Lehman Brothers crashed down. human history and thus opened a new page.
one month after the bye, is famous in the 42nd Street restaurant in China, Leather David asked me the views of the financial crisis in China, I naturally did not elaborate, but according to everybody that this is only a , David first out of a leather finger: Second, the class struggle. few people swept away most of the people's money, and this is never not understand them the way. wages, and my American colleagues, but unfortunately lost the protection of their future pensions mm. It is said that New York University, Harvard University, no such luck, because their managers at the expense of the school's stock market on Wall Street, which once again shows that Institute of the intellectuals is not entirely capitalist rival.
text Hanyu Hai excerpts from
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