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Chapter 500: Enron Corporation

Chapter 500 Anran Company

With the end of the Cold War, the collapse of the former Soviet Union undoubtedly made the Americans enjoy the benefits of the Cold War. At the core, they felt that they were the number one in the world and even raised their tails to the sky. They first took advantage of Russia's weakening and took action step by step, took advantage of NATO's eastward expansion and the Russian financial crisis, causing the Russian ruble to fall on the brink of economic bankruptcy, and then bombarded Kosovo, almost making Russia's political and economic desperate situations. This also marks that Russia's old rival has been completely defeated by the second-rate countries and no longer poses a major threat to the United States.

According to American habits, we must find an imaginary enemy to raise our national alertness and make excuses for the arms sales of our own huge military-industrial complex. Russia collapsed, and the latest imaginary enemy that could be replaced was China. First of all, China is the only remaining socialist power. American politicians who inherited the Cold War mentality have always wanted to take down China, the last socialist fortress.

Secondly, China's economy is developing so fast that it is vaguely replacing Japan as an Asian economic leader. However, this is all achieved by not following the Western economic proposals, and it undoubtedly poses a huge challenge to the development model of democracy first and then economy advocated by the West. Now some people have talked about not following the "Beijing Road" of the "Washington Consensus" of the United States, which greatly encourages a large number of third-world countries that are unwilling to obey the United States' mercy. Therefore, the United States has taken advantage of the strongest stage of national strength to suppress China, which has become the hearts of many American politicians.

Therefore, Yang Xing believes that although it is cruel, if we can find a new opponent for the United States at this time, divert their attention and shift the Americans' focus to terrorists, China will have a rare opportunity to breathe, not be restrained by the United States, and devote ourselves to economic development.

You should know that according to Yang Xing's impression in his previous life, as long as bin Laden's terrorist action is successful next year, the United States will be unable to extricate itself from a decade-long war against terrorism, resulting in a sharp decline in political and economic advantages. When we look back and think about dealing with China, China's economy has reached the second place in the world. With one increase and the other decline, the United States' hegemony is in danger. At that time, if you want to deal with China, you will miss the best opportunity. So Yang Xing is unwilling to tell the American bin Laden's plan, and it is possible to help Laden if necessary.

Of course, since Yang Xing has not yet obtained bin Laden's terrifying plan, in addition to ensuring that his company's interests are not harmed, according to his usual practice, he also needs to squeeze out the best interests of this matter. Once bin Laden succeeds, the US market will definitely be the world's biggest. Yang Xing makes a fortune through the Asian financial crisis and the Nasdaq collapse. He realizes that having the advantage of rebirth is sometimes the best opportunity to achieve success for ordinary people. Since he knows that the United States will have a big shot, he will win again. It is undoubtedly another good business opportunity.

After listening to Yang Xing's explanation, Lin Jiana and the others could only sigh that "capital came to the world, from head to toe, every hole dripped with blood and dirty things." Yang Xing collected the intelligence of the ** and wanted to continue making money by stepping on everyone's bones. However, they were all realists, either from domestic military intelligence agencies or senior agents of the former Soviet camp, and they had no good feelings for the United States at all. Moreover, they were all covered in blood. Since Yang Xing had made it clear, they didn't care about how many Americans died.

Compared to the terrorist action plan of bin Laden obtained by Yang Xing, what Yu Aojun and Dongfang Yunyi and others did not have was more obvious business intelligence. On the surface, this is an easy record of an American company called "Anran", but when Yang Xing pointed out that the terrorist attacks that will inevitably occur in the United States next year, Yang Xing's intelligence officials all guessed that this information was not that simple, and there should be some connection between the two, so they quietly waited for Yang Xing to explain.

The American Enron mentioned in this information is not an unknown person. It is the world's largest comprehensive natural gas and electricity company. It is now the number one natural gas and electricity wholesale seller in North America. It ranked 16th on the Fortune World 500 list this year, the authoritative American economic magazine Fortune, and is a veritable international multinational resource company.

The feeling that Enron Company gave the world was thriving and glorious. In November 1999, Enron launched online services and became the first merchant in the world to realize the online jiāyi system. Although the users of the "Anron Online" on its website can only conduct online jiāyi from Anron, "Anron Online" is different from traditional e-commerce websites, and sells a wide range of products. In addition to general products, it also sells many new online financial products and services.

Among the more than 800 products sold by Enron Online, it includes advertising, broadband services, coal, credit risk control, crude oil and its products, electricity and energy asset management and other physical products and virtual services. In terms of innovation, even the tar tre online store launched by Xingdong Network cannot match, and the scale of Jiā is also close to that of the leader in e-commerce - Amazon. For this reason, Fortune magazine rated Enron as "the most innovative jingjing company in the United States for six years from 1996 to 2001.

It is such a large company that seems to have the foundation of traditional electricity and natural gas industries, and can innovate and have a bright future. Yang Xing saw from their internal qi that all this is just an illusion, just like the huge soap bubble that blows in the sun, it will be shattered with just a slight poke. An Ran is actually already terminally ill, and the current scenery is just a reflection of the light.

After Yang Xing's guidance, Lin Jiana and the others finally found many false accounts of Anran and false profits from the obscure records within the company, and it took more than ten years to report. They were shocked and could not believe that Anran, a listed company ranked among the top 500 in the world, had made false accounts for so many years, no one noticed it. Isn't it that the US stock market is the most mature, the strictest supervision, and the most difficult to deal with?

Yang Xing told them that the culprit of all this was the internal qi that Enron Company had secretly carried out since 80 years. Enron Company has established several offshore companies internally, using offshore companies to avoid taxes and increase company profits. The establishment of offshore companies allows Enron to allocate funds at will without being noticed, and at the same time can cover up the company's operating losses. In this way, the company became obscene, but at the same time, company executives had to rack their brains to cover up losses every quarter and inflate profits, and even to the point where they could not extricate themselves.

The bad thing is that when faced with this bottomless dong, what the next operators thought of was not how to make up for it, but to continue to conceal and profit from it. Company executives no longer use honest operations to gain wealth, but instead took a fancy to the way to use internal news to hype their own stocks quickly.

In order to attract investors, they do not hesitate to fabricate false profit records to please investors and constantly release good news to increase stock prices. In this way, the company has established an offshore company to inflate profits and the other hand to make the stock price easy, making it possible for themselves and their friends to make a profit of hundreds of millions of dollars in equity. However, Enron and other uninformed stock investors have to pay the price for this. As for the company's operational survival and the interests of the majority of employees and shareholders, the company's senior executives do not care about it at all.

An obvious example is that in August this year, Enron was named "the 100 Best Employers in the United States" by Fortune magazine. Its office renovations were awkward to the luxury of Wall Street Jingying, which has always been used to being extravagant, and the company's stock price reached an all-time high of $90 per share. But at this moment, internal records showed that Enron's chairman Kenneth Lai began to secretly sell his shares.

Kenneth Lai did this because he knew the losses hidden by the company. Judging from the information obtained by Yu Aojun and others, most of the $101 billion in Anron announced in 2000 were false profits obtained by fraud. This was all because Anron adopted the profits easily increased by internal use. They did not actually exist, and Anron's actual income would greatly shrink and even cause huge losses.

Kenneth Lai knew that the matter would be revealed sooner or later, so he sold it while the stock price reached its highest point, and promised investors that the company's stock price would grow to $130-140 per share. He suggested that ordinary investors continue to eat Enron's stock, and the stock price still has room for a rise. What's even more hateful is that many Enron's senior executives knew Kenneth Lai's actions, not only did not report it, but also followed the trend and slid their stocks, colluded with others to take the opportunity to shorten their own company's stocks, and then made another profit.

Of course, Yang Xing would not have any sympathy for such a guy who has completely lost his most basic business ethics. As long as this internal record is made public, Enron Company will never spend a month. But doing so is nothing more than Yang Xing sniping a large company again, how can he connect it with the terrorist attacks in front?

This is another benefit that Yang Xing brought to him by his memory of rebirth. Yang Xing knew that the "Anron" crisis would break out at the end of next year, and the cause was that the terrorist attack by bin Laden caused the US economy to fall into depression. The trick of Anron's company to tear down the east and west walls was finally exposed, and in turn, "Anron's bankruptcy" made the severely damaged US economy worse, causing a chain of far-reaching reactions. Since Yang Xing had learned about these two major events in advance, he naturally had a way to make them closer, and once again make a comeback, which would give the US economy a big blow.

After listening to his explanation, Lin Jiana and the others realized the intention of Yang Xing to get these two pieces of information so deliberately. Although they are used to the masters of the Great Wind, as long as they think that Yang Xing could even use terrorist attacks involving thousands of lives and insider information worth tens of billions of dollars as bargaining chips, they thought they were indeed a witch in comparison.
Chapter completed!
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