Chapter 633 The No. 1 Crow's Mouth in the World

In the conference room of the State Planning Commission, several economists gathered again to discuss Enron's bankruptcy filing.

Before the meeting started, someone started to whisper.

An enterprise as big as Enron has actually filed for bankruptcy. It's been less than a month since our last meeting. That Li Weidong really got it right.

This Li Weidong is really capable. He has guessed it all. It's Enron Corporation. If it goes bankrupt, it goes bankrupt. Who would have thought of it!

I don't think Li Weidong is guessing. He must have some judgment model that he didn't tell us. During the previous Asian financial crisis, his judgment was also very accurate. The whole process of the Asian financial crisis was completely based on Li Weidong's judgment at that time. developed.

I remember earlier, he predicted Japan's economic bubble. At that time, Japan's economy was still booming. Who would have thought that it would fall into recession. The result was this Li Weidong.

The Japanese economic bubble, the Asian financial crisis, and Enron's application for bankruptcy. Li Weidong said that whoever collapses will collapse. Isn't this a crow's mouth!

If you think about it carefully, it's really a crow's mouth, and it's not an ordinary crow's mouth. Japan, the world's second largest economy, was abruptly collapsed by him, and the entire Asian economy was also abolished by him. Now, the second largest energy company in the United States was also told by him to go bankrupt!

It seems that the biggest economic black swan in the world is Li Weidong's mouth!

That's right, Bailey's crow's mouth can at most make people lose, but Li Weidong's crow's mouth can destroy a country's economy. No way!

At this moment, Li Weidong also came in, and everyone stopped talking when they saw Li Weidong also coming.

Several teachers, what are you talking about? Are you talking about me? Li Weidong asked with a smile.

Chairman Li, we are saying that your predictions are accurate! A person who responded quickly replied immediately.

Good luck, I guessed it again. Li Weidong said modestly.

It's not as simple as guessing, Chairman Li, you should have used a predictive model, right? Tell us about it? Another person asked.

How can there be any prediction model? With my little economic knowledge, I can't build any model. It's purely based on daily experience.

Li Weidong paused, then said, Maybe because I'm in business,

They are more sensitive to corporate profits, so I have a premonition that something bad will happen to the Enron Group!

This should be regarded as an entrepreneur's intuition. Maybe he often loses money in business. If he loses too much, he will naturally exercise this intuition!

The two experts who were more familiar with Li Weidong's family history couldn't help but roll their eyes, wondering when did you, Li Weidong, trade at a loss!

At this moment, Director Wang also walked in, and the conference room was just beginning.

I just heard Director Wang say: Enron has filed for bankruptcy, you all know that, but we don't know much about it at the moment, after all, Enron is far away on the other side of the world.

Enron's bankruptcy filing will directly affect the part of the project that Huafu Gas is responsible for, so I also contacted Lin Mancang, the general manager of Huafu Gas, to inquire about the relevant situation.

According to Lin Mancang's account, he believed that Enron's filing for bankruptcy would not have much impact on their projects. He mainly cited two reasons.

The first reason is that Enron is likely to be acquired by other companies. In the past two years, energy prices have been rising, and the natural gas business is actually relatively easy to do and more profitable.

Natural gas is the main business of Enron, so Enron still has a lot of high-quality assets. Therefore, Huafu Gas judged that Enron should be acquired by other companies soon.

As long as Enron is acquired, the contracts signed with Huafu Gas will continue to be performed, and the projects that Huafu Gas is responsible for will continue.

I don't agree with this view! Li Weidong said immediately.

What does Chairman Li have in mind? Director Wang immediately asked.

I think Enron should refuse the acquisition of other companies. Li Weidong replied.

Why? Director Wang continued to ask with a puzzled look: The current Enron company has obviously reached the point of exhaustion, otherwise it would be impossible to file for bankruptcy.

If being acquired by another company can save Enron, why not do it? At least there is a way to survive, which is better than bankruptcy!

Yes, in the past few years, many domestic companies have faced difficulties. They are all begging to be acquired or merged, so that at least the company can survive and employees can have a meal. We have just experienced that era, how did Enron Co. It may be the opposite and refuse the acquisition of other companies! Someone next to him questioned.

Li Weidong immediately explained: In the past few years, many domestic companies were indeed faced with the crisis of bankruptcy and bankruptcy, and then they were acquired or merged, including myself, and I also acquired several similar companies.

However, the main problems of these enterprises are the problems of business operation, such as backward technology, aging equipment, products out of touch with the times, and inadequate management.

On the other hand, Enron was different. The main problem of Enron was not business management, but account fraud. As you all know, if the accounts are falsified, it is a commercial crime and one should be held criminally responsible.

And given the size of the Enron company, the amount of their fraud must be huge, and 100% of the company's managers will be imprisoned, and the number of years will never be short.

If I were the manager of Enron, I definitely didn't want to go to jail, so I'd rather Enron go bankrupt than be acquired by another company.

Because once Enron is acquired, the acquirer will inevitably check all the company's past accounts, and the specific evidence of the management's fraudulent accounts will also be grasped by the acquirer!

Therefore, for the management of Enron, if the company goes bankrupt, all evidence of fraudulent accounts will naturally disappear, but if it is acquired, the evidence of fraudulent accounts will be dug up, but they will be imprisoned. They know how to choose.

It is human nature to have a dead Taoist friend and not a poor Taoist. If you have to choose between the company's bankruptcy and your own imprisonment, Enron's management will definitely choose the company's bankruptcy.

What's more, over the years, Enron Corporation has given high dividends to the management every year. The management has already made a lot of money. Many people can live a leisurely retirement life. Then Enron Corporation will collapse!

Academician Situ, what do you think? Director Wang looked at Situ Jian again.

Situjian pondered for a moment, then said, I agree with Chairman Li's point of view, we can't ignore human nature.

Director Wang took a pen to record a few key points, and then continued: Next, I will talk about the second judgment of Huafu Gas, they believe that even if the final acquisition fails, the U.S. government will save Enron.

Enron is the second largest energy company in the United States, which is equivalent to Sinopec in our country. Of course, they are the world's top energy giants, and their scale is much larger than our Sinopec.

Therefore, Huafu Gas believes that it is impossible for the US government to let Enron fail. At a critical time, the US government is bound to pay to save Enron. As long as Enron does not go bankrupt, the Huafu Gas project will continue.

In this regard, I also did some data collection, and I found that Enron was really involved. Not only did major investment institutions buy Enron's stocks and bonds, but many ordinary Americans also invested their assets in Among them, many even took their pensions to buy Enron's bonds.

If Enron did go bankrupt, the consequences would be unimaginable, and many people's life savings would be wiped out. The impact is too great, so I also think that the US government will definitely save Enron.

It makes sense, how could the U.S. government ignore the lives of ordinary people! Someone immediately agreed.

Li Weidong secretly said in his heart: You can be more confident and remove the word how!

At this time, Director Wang looked at Li Weidong again, and then asked, Chairman Li, what do you think?

What do you think, Master Di possessed? Li Weidong complained again, and then said: Director Wang, I don't think the US government will rescue Enron. As for the reason, it's similar, some people don't want to. jail.

The so-called freezing three feet is not a day's cold, and Enron has not recently started to make fake accounts. They should have been doing fake accounts for some years, but why have they not been discovered after so many years? No one to question?

Is there a shortage of good economists in America? Certainly not! The United States has the largest number of Nobel Prize winners in economics in the world, and Wall Street has the world's top financial elites!

There are hundreds of members of Congress in the United States, and behind each member is a huge staff team, and there are bound to be talents who are proficient in finance in this staff team.

So here comes the question. I, Li Weidong, can see it. There is a problem with Enron.

So many good economists can't see that? The congressman's professional staff team can't see it? Could it be that their level is not as good as Li Weidong, a junior high school graduate of mine?

When Li Weidong said this, the experts in the conference room couldn't help blushing, thinking that we didn't see it, did you Li Weidong deliberately accuse Sang and scold Huai!

But after thinking about it, the Nobel Prize winner in economics didn't see it, and my heart suddenly became a lot more balanced.

Li Weidong went on to say: Obviously, it is absolutely impossible for so many top professionals in the United States to see Enron's problems.

So the only explanation is that some people know that Enron has problems, but they are vested interests, so they turn a blind eye to Enron's financial fraud, and even become Enron's umbrella.

Now that the problem of Enron's fraudulent accounts has been exposed, do those Enron's umbrellas hope that Enron will continue to exist and become a ticking time bomb, or will it simply go bankrupt and destroy its traces?

This is another very real problem, so I think it is impossible for the US government to rescue Enron. Maybe some politicians will add fuel to the fire and make Enron go bankrupt faster.

It is still a dead Taoist friend who is not a poor Taoist, no need to explain more, everyone understands.

After listening to Li Weidong's explanation, Director Wang's brows furrowed. He couldn't help but ask, Chairman Li, according to what you said, Enron is dead?

Yes. Li Weidong nodded and said affirmatively, Enron is dead!

The experts next to each other looked at each other, and the world's No. 1 crowmouth began to judge again!

...

Enron still has many high-quality assets.

After entering the 21st century, energy prices have entered a new wave of rising, and many energy companies have made a lot of money. If Enron does not kill itself and honestly does business in natural gas, it is also a downside. Hen with golden eggs.

Who doesn't want a hen that lays golden eggs? Naturally, many companies are willing to pay for acquisitions.

And at that time, the United States had already started the shale gas revolution. Since the invention of the hydroplaning hydraulic method in 1998, the technical obstacles to the commercial development of shale gas have been swept away, and the United States will also change from a natural gas importer to a natural gas importer. natural gas exporter.

In fact, the shale gas revolution can only happen in the United States, because the United States has a large number of shale gas resources, the world's best technology, the largest energy company, the most complete natural gas pipeline, and the The world's largest natural gas market demand.

In other countries, without such favorable conditions as the United States, the shale gas revolution is nothing but a scam.

Enron's main business is natural gas. Under the background of the shale gas revolution at that time, the company's business is very promising.

This also makes many American companies hope to acquire Enron. Even though Enron has tens of billions of debts, there is still no shortage of successors.

The acquisition of the company is definitely much better than the direct bankruptcy, so many investors at that time believed that Enron could still be brought back to life.

Even if the acquisition case fails, the US government cannot stand idly by and will inevitably come to the rescue. This was a more rational judgment at the time.

It is a pity that reason cannot overcome human nature!

Enron rejected all the acquirers, and then entered the bankruptcy liquidation process as quickly as possible, as if rushing to reincarnate.

Why did Anran want to die faster? A more reasonable explanation is that there are too many interests involved. If the truth is all made public, many people will be unlucky, so there is simply a fire dragon to burn the warehouse. Now, the interest groups related to UU Reading www.uukanshu.com will be safe.

Of course, this is just a guess. It has been so many years, and even the relevant judicial procedures have ended. The truth is no longer important.

...

Over time, bad news about Enron followed.

Without the pick-up man, the U.S. government has not even acted to save it.

The measurement work of Huafu Gas has already been completed, but Enron's technology has not been in place, and no engineers have been sent.

The entire company was about to go bankrupt, so the engineers naturally hurried to find a way to make a living. How could they manage the Huafu Gas project.

Huafu Gas itself does not have the technology to lay long-distance natural gas pipelines, and without the technical support of Enron, it is impossible to complete the project construction independently.

In the end, Huafu Gas was forced to withdraw, and the project still fell into the hands of Huanghai Petrochemical.

After this battle, Li Weidong's title of the world's No. 1 crow's mouth was thoroughly spread in the industry.