Reborn Industrial Tycoon

Chapter 633 The world’s best crow’s mouth

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

Before the meeting started, someone had already begun to whisper.

"A company as big as Enron 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 quite capable. He guessed all of this. That's Enron. If you say it goes bankrupt, it goes bankrupt. Who would have thought!"

"I think Li Weidong is not just 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 entire process of the Asian financial crisis was completely based on Li Weidong's judgment at that time.

Developed.”

"I remember that earlier, he predicted Japan's economic bubble. At that time, Japan's economy was still at its peak. Who could have imagined that it would fall into recession. But it turned out that Li Weidong was right."

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

"If you think about it carefully, you will see that it is really a crow's mouth, and not just any ordinary crow's mouth. Japan, the world's second largest economy, was suddenly said to have collapsed by him, and the entire Asian economy was also said to be ruined.

Now, the second largest energy company in the United States has been declared bankrupt by him!"

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

"No, Pele's crow's mouth can make people lose at most, but Li Weidong's crow's mouth can destroy a country's economy. This is simply a mouth that brings disaster to the country and the people! He has the best crow's mouth in the world.

No one else!"

At this moment, Li Weidong also walked in. When everyone saw Li Weidong coming, they immediately stopped talking.

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

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

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

"This is not just a random guess, Chairman Li, you should have used a prediction model, right? Can you tell us about it?" another person asked.

"There is no prediction model. With my little economic knowledge, I can't build any model. I just base my judgment on daily experience."

Li Weidong paused and then said, "Maybe because I am in business and am more sensitive to corporate profits, I have a premonition that something bad is going to happen to Enron Group!

This should be regarded as the intuition of entrepreneurs. Maybe I often lose money in business, and when I lose money, I will naturally develop this intuition!"

The two experts who were more familiar with Li Weidong's family history couldn't help but rolled their eyes and asked, "When did you, Li Weidong, ever make a loss-making business?"

At this moment, Director Wang also walked in, and the conference room was about to begin.

Just listen to Director Wang say: "Enron has filed for bankruptcy. Everyone knows this, 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 filing for bankruptcy 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 narrative, 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. Energy prices have been rising in the past two years, and the natural gas business is actually relatively easy and profitable.

Natural gas is Enron's main business, so Enron still has many high-quality assets. Therefore, Huafu Gas believes that Enron will be acquired by other companies soon.

As long as Enron is acquired, the contract previously 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 advice does Chairman Li have?" Director Wang asked immediately.

"I think Enron should refuse acquisitions from other companies." Li Weidong replied.

"Why?" Director Wang asked with a puzzled look on his face: "Now Enron is obviously at the end of its rope, otherwise it would be impossible to file for bankruptcy.

If Enron can be saved by being acquired by other companies, then why not do it? At least there is a way to survive, which is much better than bankruptcy!"

"Yes, many domestic companies have faced difficulties in the past few years. They are all begging to be acquired or merged, so that the company can at least survive and employees can have a living. We have just experienced that era, how can Enron

Maybe he would do the opposite and refuse acquisitions from other companies!" Someone next to him questioned.

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

However, the main problems of these enterprises are all related to business operations, such as backward technology, aging equipment, products out of touch with the times, inadequate management, etc.

Enron was different. The main problem of Enron was not business operations, but the falsification of accounts. As you all know, if the accounts are falsified, it is a commercial crime and you will be held criminally responsible.

Moreover, given the size of Enron, the amount of fraud they committed must be extremely huge, and the corporate managers will definitely be imprisoned, and their years of service will never be short.

If I were the manager of Enron, I would definitely not want to go to jail, so I would rather Enron go bankrupt than be acquired by another company.

Because once Enron is acquired, the acquiring party will inevitably check all the past accounts of the company. By then, the specific evidence that the management has falsified accounts will also be grasped by the acquiring party!

So for the management of Enron, if the company goes bankrupt, all evidence of falsified accounts will naturally disappear, but if it is acquired, evidence of falsified accounts will be dug out, but they will be jailed, and they know how to choose."

It is human nature to prefer a dead Taoist friend to a poor Taoist. If given the choice between the bankruptcy of the company and imprisonment, Enron's management would definitely choose the closure of the company.

What's more, over the years, Enron has paid high dividends to its management every year. The management has already made a lot of money, and many people can live a leisurely retirement life. So Enron will collapse!

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

Situ Jian pondered for a moment and then said, "I agree with Chairman Li's point of view. We cannot ignore human nature."

Director Wang took a pen to record a few key points, and then continued: "Next, let me talk about Huafu Gas's second judgment. They believe that even if the acquisition fails in the end, the U.S. government will step in to rescue Enron.

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

Therefore, Huafu Gas believes that it is impossible for the U.S. government to allow Enron to collapse. At a critical moment, the U.S. government will definitely spend money to rescue Enron. As long as Enron does not collapse, Huafu Gas's projects will continue.

Regarding this aspect, I also did some information collection, and I found that Enron was really involved in a wide range of things. Not only were major investment institutions buying Enron's stocks and bonds, but many ordinary Americans also invested their assets.

Among them, many people even used their retirement funds to buy Enron bonds.

If Enron really collapses, the consequences will be unimaginable, and many people's life savings will be wiped out. The impact is really too great, so I also believe that the U.S. government will definitely save Enron."

"It makes sense. How could the U.S. government ignore the life and death of its people?" Someone next to him immediately agreed.

Li Weidong thought to himself: 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 again, is Mr. Di possessed?" Li Weidong complained again in his heart, and then said, "Director Wang, I don't think the US government will take action to save Enron. As for the reason, it's similar to the reason. Some people don't want to

jail.

As the saying goes, "Three feet of ice does not freeze in a day." Enron did not start to make false accounts recently. They should have been doing so for some years. But why has no one discovered it for so many years? No one has questioned it?

Is there a shortage of outstanding economists in the United States? Definitely not! The United States has the most Nobel Prize winners in economics in the world, and Wall Street is home to the world's top financial elites!

There are hundreds of members of Congress in the United States, and behind each member there is a huge staff team, and this staff team must have people who are proficient in finance.

So the question is, I, Li Weidong, can see that there is a problem with Enron, but why can’t so many Nobel Prize winners in economics in the United States see it?

So many outstanding economists can’t see it? Can’t the professional staff teams of members of Congress see it? Is it possible that their level is not as good as mine, Li Weidong, who graduated from junior high school?”

When Li Weidong said this, the experts in the conference room couldn't help but blush, thinking that we didn't see it either. Did you, Li Weidong, deliberately accuse Sang and Huai?

But when I thought about it, I realized that even the Nobel Prize winner in economics didn’t realize it, and I suddenly felt a lot more balanced.

Li Weidong went on to say: "Obviously, it is absolutely impossible that so many of the top professionals in the United States cannot see Enron's problems.

So the only explanation is that some people knew that Enron had problems, but they were vested interests, so they turned a blind eye to Enron's financial fraud, and even became Enron's protective umbrella.

Now that Enron's falsified accounting problem has been exposed, do those who protect Enron want Enron to continue to exist and become a time bomb, or do they want it to go bankrupt and wipe out all traces?

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

He is still a dead Taoist friend but not a poor Taoist. No need for further explanation, everyone understands.

After listening to Li Weidong's explanation, Director Wang frowned, and he couldn't help but ask: "Chairman Li, according to you, Enron is dead?"

"Yes." Li Weidong nodded and said with certainty: "Enron is dead!"

The experts next to them looked at each other, and the world's number one crow's mouth began to make judgments again!

…

Enron still had many high-quality assets.

After entering the 21st century, energy prices have entered a new wave of rising periods. Many energy companies have made a lot of money. If Enron did not commit suicide and honestly engaged in the natural gas business, it would be a fool.

Hen with golden eggs.

Who wouldn’t want this kind of hen that lays golden eggs? Naturally, many companies are willing to pay for it.

Moreover, the United States at that time had already begun 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 removed, and the United States will transform from a natural gas importing country to a natural gas importing country.

Natural gas exporting country.

In fact, the shale gas revolution can only happen in the United States, because the United States has a large amount of shale gas resources, the best technology in the world, the largest energy company, the most complete natural gas pipelines, and the

The world's largest natural gas market demand.

If it were any other country, without such good conditions as the United States, the shale gas revolution would be nothing more than a scam.

Enron's main business was natural gas. Against the background of the shale gas revolution at that time, the company had a bright future.

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 suitors.

Being acquired was definitely better than going bankrupt, so many investors at the time believed that Enron could be revived.

Even if the acquisition failed, the U.S. government could not stand idly by and would definitely come to the rescue. This was a relatively rational judgment at the time.

It is a pity that reason cannot defeat human nature!

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

A more reasonable explanation for why Enron wants to die quickly is that there are too many interests involved. If the truth is made public, many people will be unlucky, so they simply come to burn down the warehouse. As long as Enron collapses

, the relevant interest groups will be safe.

Of course, this is just a guess. So many years have passed since the incident, and even the relevant judicial proceedings have been concluded. The truth no longer matters.

…

As time went by, bad news about Enron came one after another.

There was no takeover, and the U.S. government did not come to the rescue.

The measurement work of Huafu Gas has been completed long ago, but Enron's technology was not in place and no engineers were sent.

The entire company is about to go bankrupt, and engineers are naturally trying to find ways to make a living on their own, so they won't be able to manage the Huafu Gas project.

Huafu Gas itself does not have the technology to lay long-distance natural gas pipelines. Without Enron's technical support, it would be impossible to complete the project construction independently.

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

After this battle, Li Weidong's reputation as "the world's best crow's mouth" has completely spread in the industry.

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