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Reinhardt,scary prediction for tomorrow, 9/2/09
Comments
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Posted on Democratic Underground Jul-05-07.
49. Do you know what Clemenceau once said?
Watch out for asbestos on French warships
;-)
Speaking of 1962.. it is no coincidence that Vatican II came just before Italy's market crashed.
In this case it was a "pilgrimage.. in Rome"?
Posted on Democratic Underground Jul-04-07.
39. A motive.. but not THE motive.
On the 17th or 18th the five letters were mailed.
On the 17th the FDA wrote a fake letter to Merck about the "favorable" cardiovascular safety profile of Vioxx
On the 19th Kenneth Lay pretended to request a meeting with Energy Secretary Spencer Abraham who pretended to deny the request.
On this day Enron pretended to invoke a clause in its Dabhol power plant pretending India was liable for $5 billion.
Question: Why pretend?
Answer: If you really wanted India to pay for your Dabhol plant you don't go and shred your business documents and indite your executives.
The construction started immediately following the first WTC bombing in Feb 1993.
India was never expected to pay for its energy upgrade.
It is worth remembering "the anthrax is in the mail"
Also on the 19th Waksal told Imclone investors "We do not have any worries about the FDA"
On the 20th Bush invited Hamza Yusuf to the White House to ask him about his "points of view" then Bush met with Porter Goss minutes before his speech to the nation.
The same day Kenneth Lay hosted Elizabeth Dole's Senate seat fund raiser in Houston.
On the 21st an oral report was made to Kenneth Lay on Vinson & Elkins "findings" (this would be the attorney firing Gonzales, Novation,Tenet, GPO, Medicare Vinson & Elkins).
As if Lay needed an oral report on how he had been cooking the books since 1993.
Starting the next day nine people are incorrectly diagnosed
(but whomever sent the thrax knows the diagnosis)
On the 26th Lay urged his employees to buy Enron stock.
"We have stopped cooking our books for the first time since 1993 - this is a good time to buy Enron stock"
On the 1st of Oct Blanco was hospitalized
On the 2nd Stevens was admitted
On the 3rd Cheney met with India External Affairs Minister Jaswant Sing regarding Dabhol "talking points"
On the 4th Stevens was "publicly confirmed to have anthrax"
On the 5th Stevens dies
Starting the next day two more letters were mailed
Next day is day 1 Afghanistan bombings
Next day Ridge was sworn
On the next day Todd Graves was sworn in (Tenet, GPO, Novation, Lipari)
On the 15th NBC turned over its letter
Let the dog and pony show begin.
On the 15th Donald Evans hooked up Sig Rogich with Kenneth Lay and the Vinson & Elkins report is submitted to Lay.
(Again they are pretending India was ever expected to pay its energy bills.
I'll continue if ya'll are interested.. it gets better
45. anthrax
On the 15th of October Daschle's letter was opened
The next day Enron reports a "big third quarter loss" of $618 million and reduces shareholder equity the following day by $1.5 billion to account for transactions involving limited partnerships
This is also the day that Rebecca Smith and John R. Emshwiller claim as the "start of Enron's problems" in their book "24 days" published by Harper Collins
First off.. the start of your problems do not begin when you stop cooking your books
The start of your problems begins when you start cooking your books because the questions that should be answered are "Why" and "Why then?"
If the "start" of your problems is on the 16th of Oct then why would the SEC and CFTC documents destroyed in the WTC matter to shareholders?
What is noteworthy about Q3 is what happened the month before and the month after day 1 of Q3 (July 01, 2001)but that is another story
Coincidence or not.. at this point in time anthrax is now covering up Enron's stock market debasement
This loss report is the first time Enron had been honest about a quarterly balance sheet in almost 7 years
The question to ask is not: "Why did you cook your books?
The question is: "Why did you stop cooking your books?"
The next question should be: "Why did you stop cooking your books on day one of Q3?"
The possible answer offered might be: "Because Sherron Watkins blew a whistle."
Not!
She was a phony whistleblower set up by Toffler from Harvard
By the way.. day one of Q3 is about as far back as SOX (now referred to as "SARBOX" is required to investigate.
On the 17th it is reported that "Enron shareholders stand to make millions from Enron partnerships." and 31 capital workers test positive for the presence of anthrax and the House of Representatives adjourns
The following day David Iglesias (New Mexico) is sworn in
Keywords again here are: GE, Tenet, Novation, Lipari, pulse oximetry, safe harbor, medicare fraud, kickbacks, GPOs
At this point in time the CIA is briefing Cheney on Niger uranium
On the 19th the New York Post letter is found
Here begins the theater
On the 19th Ridge briefs the media on "potential anthrax threats" and Enron freezes its assets in its 401K employee retirement plan and bars employees from selling company stock trading at $32.20 per share.
Employee stock is unfrozen on November 19th with shares at $11.69
This is exhibit "a" on how power plants in India get paid for and don't assume this nation building reality goes over the head of India's Prime Minister
GE pulled this same stunt with India's first hydroelectric plant in 1902 and the crash of 1903 paid that invoice
The fun is just getting started
Anyone interested in hearing more?
On September 17, 2001 Skilling sold 500,000 shares of Enron
stock at approximately $31.00 per share.
On September 17th or 18th of 2001 the five letters.. were
mailed.
On the 17th of September 2001 the FDA wrote a [fake] letter
to Merck about the "favorable" cardiovascular
safety profile of Vioxx.
This is "Merck" as in "Arthur Anderson"
the "tax-product" specialists.
Arthur Anderson is now traded as Huron Consulting (look out
for this one). You will hear the words "Huron
Consulting" and "Kinder Morgan" and
"SIVs" and "mortgage mess" and
"failure of regulation" by 2009.
Now, on the 19th of September Kenneth Lay pretended to
request a meeting with Energy Secretary Spencer Abraham who
pretended to deny the request.
On this day Enron pretended to invoke a clause in its Dabhol
power plant pretending India was liable for $5 billion.
Question: Why pretend?
Answer: If you really wanted India to pay for your Dabhol
plant you don’t "hoodwink" the IRS while you are
constructing the energy plant and then go and shred your
business documents and indict your executives for 24 years
which turns to 6 years in Federal country club prisons which
turns to free legal services for appeals which turns to
"honest services" which turns to "time
served" which turns to no years.
Dabhol was surveyed in late 1992 and construction started
immediately following the first WTC bombing in Feb 1993 (the
1993 war-on-terror budget would have financed the Dabhol,
ElPaso, Mirant, etc. plants in India).
India never expected to and was never expected to pay for its
energy and telecom upgrade. India didn’t actually “pay” Tyco
for India's fiber-optic network and the White House gave Gary
Winnick's Global Crossing to Singapore and then announced
"America was tenth in the world behind other developing
nations in broadband." Go figure.
Forget the Nigerian oil-barges folks. This is industrial
treason masquerading as the "largest single
foreign-investment. Bought and paid for by artificially
inflating and then intentionally debasing the securities
markets. The foreign-nation upgrades (a thousand points of
fiber-optic light) between 1995 and June 2001 cost the public
approximately 401,000 (often referred to as the 401K).
It is worth remembering "the anthrax is in the
mail".
Also on the 19th of September Waksal told ImClone investors
"We do not have any worries about the FDA".
“We (as in Martha and Harlan and I) don’t have any worries..
but you do.”
By the way: Wouldn't the banning of cloning make it a little
hard on a company named ImClone?
Note for future reference: When you hear the word
"ImClone" think "Enron" and when you hear
the word "Enron" think "John Mendelsohn"
and think "Chairman of the "Visitor's Board of M.D.
Anderson Cancer Center" and when you hear the words
"Chairman of the Visitor's Board of M.D. Anderson Cancer
Center" think "Bush41". This is called a
tightly knit club of Houston's "elite".
On the 20th Bush invited Hamza Yusuf to the White House to
ask him about his "points of view" then Bush met
with Porter Goss minutes before his speech to the nation.
The same day Kenneth Lay hosted Elizabeth Dole's Senate seat
fund raiser in Houston.
On the 21st an oral report was made to Kenneth Lay on Vinson
& Elkins’ "findings" (this would be the
“attorney firing” Gonzales, Novation, Tenet, GPO, Medicare,
Safe Harbor.. Vinson & Elkins).
This is "Vinson & Elkins" as in "AG
Gonzales" as in "Project Condor" as in
"Project Valhalla" and "Project Tammy"
and "Deloitte & Touche" and "Deutsche
Bank".
Quick question: Where was the "tax-evasion product"
for Enron's fiscal 2002 business-year?
Answer: Didn't need one.
Enron's Dabhol natural-gas (as in Trans-Caspian pipeline; it
has to get its gas somehow) energy plant in what was called
"Bombay" in 1993 was online and producing
electricity in June of 2001.
Come-on.. an "oral report" from Vinson &
Elkins?
As if Lay needed an oral report on how he had been cooking
the balance sheets since 1993 and avoiding federal taxes
since 1996?
The day after Kenneth Lay got his "oral-report"
nine people are incorrectly diagnosed (but whomever sent the
thrax knows the diagnosis).
On the 26th of September Lay urged his employees to buy Enron
stock which was a little too late for Skilling.
"We have stopped cooking our books for the first time
since 1993.. this is a good time to buy Enron stock."
On the 1st of October Blanco was hospitalized.
On the 2nd Stevens was admitted.
On the 3rd Enron Chairman Ken Lay and FERC chairman Pat Wood
sat at an energy policy conference “speaker’s table” in
Virginia.. and Cheney met with India External Affairs
Minister Jaswant Sing regarding Dabhol "talking
points".
On the 4th Stevens was "publicly” confirmed to have
anthrax (but the public doesn’t know it yet).
On the 5th Stevens dies.
Starting the next day two more letters were mailed and
Enron’s President, Greg Whalley calls Treasury Undersecretary
Peter Fisher “six or eight” times to ask the government to
urge bankers to extend credit to the struggling company.
Obviously the eighth call worked.
Note: The day after 9-11 the Wall Street Journal asked Enron
Corp President Whalley about “what lies ahead” and Whalley
responded: “The freak-out factor is gone” and “Calm has
returned”
9-11 had a “calming” effect on the President of Enron?
The 7th of October is day 1 Afghanistan bombings.
On the 8th Ridge was sworn.
On the 10th, Vice Presidential aide and former executive
director of Cheney’s white-collar crime.. errr.. make that..
Cheney’s closed-door energy task force, Andrew Lundquist
(note: the task force officially disbanded “at the end of
September”) and WH economic advisor Robert McNally met with
Enron representatives Gerstandt, Vicens, and Hardy.
The next day Todd Graves was sworn in (Tenet, GPO, Novation,
Lipari) and Assistant USA Tom Wales is murdered in the
basement office of his home.
Here come the "attorney firings" right on time.
There is bit of white-collar crime around here somewhere
(don’t confuse gun-control with white-collar crime).
On the 15th NBC turned over its letter.
And the "dog and pony" begins.
On the 15th Donald Evans hooked up Sig Rogich with Kenneth
Lay and the Vinson & Elkins report is submitted to Lay
(again.. they are pretending India was ever expected to pay
its energy bills). Pure Shakespeare.
On the 15th of October Daschle's letter was opened.
The next day Enron reports a "big third quarter
loss" of $618 million and reduces shareholder equity the
following day by $1.5 billion to account for transactions
involving limited partnerships.
Of course there is a 3rd quarter loss. That is the quarter
you stopped cooking your books.
This is Securities market debasement 101.
This is also the day that Rebecca Smith and John R.
Emshwiller claim to be the "start of Enron's
problems" in their book "24 days" published by
Harper Collins.
First off.. the start of your problems do not begin when you
stop cooking your books.
The start of your problems begins when you start cooking your
books because the questions that should be answered are
"Why" and "Why then?"
If the "start" of your problems is on the 16th of
Oct then why would the SEC and CFTC documents destroyed in
the WTC matter to Enron's outside shareholders?
What is noteworthy about Q3 2001 is what happened the month
before and the month after day 1 of Q3 (July 01, 2001) but
that will come later in #7 of the series.
Coincidence or not.. at this point in time anthrax is now
covering up Enron's stock market debasement.
This loss report is the first time Enron had been honest
about a quarterly balance sheet in almost 7 years.
The question to ask is not: "Why did you cook your
books?
The question is: "Why did you stop cooking your
books?"
The next question should be: "Why did you stop cooking
your books on day one of Q3?"
The possible answer offered might be: "Because Sherron
Watkins blew a whistle."
Not.
She was a phony whistleblower set up by Toffler from Harvard.
By the way.. day one of Q3 is about as far back as SOX (now
referred to as "SARBOX") is required to
investigate.
On the 17th it is reported that "Enron shareholders
stand to make millions from Enron partnerships." and 31
capital workers test positive for the presence of anthrax and
the House of Representatives adjourns.
The following day David Iglesias (New Mexico) is sworn in.
So the attorney firings was all about partisan politics?
Yes, if "partisan politics" is spelled E-N-R-O-N or
W-M-D.
Keywords again here are: GE, Tenet, Novation, Lipari,
pulse-oximetry, Reagans's 1986 safe-harbor, Medicare fraud,
kickbacks, GPOs.
At this point in time the CIA is briefing Cheney on Niger
uranium.
On the 19th the New York Post letter is found.
Here begins the theater.
On the 19th Ridge briefs the media on "potential anthrax
threats" and Enron freezes its assets in its 401K
employee retirement plan and bars employees from selling
company stock trading at $32.20 per share.
Remember September 17 when Skilling bought his at $31.00?
Enron employee stock is unfrozen on November 19th with shares
at $11.69.
Now do you finally see the effect 9-11 had on Enron stock?
This is exhibit "A" on how natural-gas power-plants
in India get paid for and don't assume this nation building
reality goes over the head of India's Prime Minister.
GE pulled this same stunt with India's first hydroelectric
plant in 1902 and the crash of 1903 paid that invoice.
The same day Ridge "briefs the media" on anthrax,
and Enron freezes its assets in its 401K employee (not
executives) retirement plan.. Wendy Gramm's husband Phil
Gramm has an article published in the WSJ entitled "Econ
101: Poor Folks Can't Give You A Job" (Remember Wendy?
She sat on Enron's board and was an architect of Enron's
Commodity Futures Trading).
Poor folks have just discovered two things they can't do.
1. give you a job.. and
2. sell their assets in the Enron 401Ks
Class warfare ironies:
1. Enron's "rich" never actually had the money
anyway.
2. If you can't count - how do you know you are rich?
On the 21st of Oct Morris dies.
The next day Curseen dies and Ridge reports on their deaths
at a WH press conference and Harvey Pitt announces he will
make the SEC "a kinder (as in "Rich Kinder" as
in Kinder-Morgan) and gentler place" for accountants.
If you are wondering if Arthur Anderson is around here
somewhere - you are correct.
Do you think foreign nations (like India and in 2007
China/Westinghouse/Shaw Group) are learning a bit of a lesson
here?
Why pay a company for building your energy plant if the
company was cooking its books during the plant's
construction?
Iran is telling Russia that Iran isn't going to pay for
Russia's just completed Nuc plants while I am typing this
sentence. As if Russia and Iran don't know how the game is
played?
And guess what.. the same day Pitt makes his
"kinder-gentler" announcement, Arthur Anderson
learns that the SEC "is inquiring into the accounting of
Enron Corp., and Enron discloses that the SEC had "opened
an inquiry into its limited partnerships" .
Sort of bad news for Enron 401K shareholders (outsiders
shining flashlights through envelopes) but in a little bit
you will see things aren't so bad for 130 Enron executives.
The following day (23 Oct.) David B. Duncan of Anderson
Accounting calls a meeting to organize the destruction of
"Enron related records".
Put on your gloves and masks - we are about to start
shredding during an anthrax scare!
But weren't Enron's records destroyed in Bldg 7?
Now let me get this straight: Everybody from the Pope to
Clinton is trying to get India to pay its Enron bills and AA
is shredding records?
DUH!
On the 24th Enron replaces Fastow and John McKay (Western
Washington) is sworn in as a USA under a presidential
nomination and senate confirmation.
I guess anthrax wasn't holding the Senate back.
Google "John McKay" and Medicare, Novation, you are
getting the idea.
On the 25th Enron tapped $3 billion from bank lines to ensure
liquidity and all eyes are glued as Governor Ridge gives an
update on the scientific analysis of the anthrax samples.
So basically Greenspan and Bush didn't "do anything for
Lay" but obviously the banks did. But the $3 billion
doesn't help the locked-out employees much because nobody
cheers up Enron's "poor" frozen asset holders with
the good news.
This is called "not doing anything for Enron".
Ridge emphasized that the anthrax samples are from the same
Ames strain.
The next day President Bush signs the "Patriots Don't
Know Anything About Enron Act" and Mr. Lay calls Mr.
Greenspan.
The Fed doesn't disclose the details of the call but it does
say "Mr. Greenspan did nothing in response".
On the 28th Lay speaks to O'Neil who adds his name to the
list of people who do not intervene.
Here is Isaac Newton's tip on rule # 1 of how to
intentionally and successfully debase the vehicle of monetary
exchange (in this case the stock certificate).
Don't intervene.
Now on the 29th we are about to find out that the anthrax
spores are ten times worse than we thought they were and by
now you can probably imagine what other events occur during
this announcement by the Major General John S. Parker.
On the 28th of October (the day Lay spoke to O'Neill) Moody
lowers Enron's rating.
The next day the bin Laden family ends its Carlyle Group
"relationship" and Commerce Secretary Donald Evans
is "reached" by Kenneth Lay. Enron blocks employees
younger than 50 years old from selling stock in their accounts
from this day to November 12th. Enron claims that it is
because of a change of administrators, but at the same time,
29 top executives cash out of more than $1 billion (remember
the $3 billion credit line?)
A "change of administrators" during an SEC
investigation?
Two days later, Kathy Nguyen dies and Major General John S.
Parker testifies before the Senate Committee on Internal
Security and Federal Service concerning the anthrax found in
the Daschle letter and the SEC elevates the Enron inquiry to
a formal investigation which is more tough news for the
locked-out 49 year-old employees, but its only paper money
anyway.. except for yesterday's 29 top executives (that was
real money).
Those are 29 people (none over 50 years-old?) that are pretty
happy "nobody helped Enron".
November:
Peter G. Peterson joins ImClone's board, Lay puts his Aspen
houses on the market, the price of a 128-MB chip is $1.50 (A
Boston investment bank later says that Enron's
"collapse" triggered a price spike for DRAM. Enron
had begun negotiating forward contracts with buyers and
sellers as part of its planned entry into the DRAM market.
Sources said that Enron told them that Enron had
"suggested or consummated" financial swap contracts
at $4 per 128-megabyte chip.)
Also in November, El Paso trader, Todd Gieger, begins
fabricating 48 natural gas trades and sends fake volume and
price information by email to "Inside FERC's gas market
report.
This is called wire fraud and so soon after 9-11.. how
patriotic is that?
Also this month, after receiving the "formal accident
package" the assurance manager at the FAA crushes the
tape of the 9-11 controllers contained within the package.
On November 1st Enron secures another $1 billion in new
credit lines, pledging its natural gas pipeline as collateral
and President Bush signs EO 13233 which limits public access
to papers of all presidents since 1980 including George W.
Bush.
What was that about another billion for Enron?
Is it me or does it seem the bank's intent is to create
"a higher number of millionaires in America.. then ever
before"?
Also on Nov 01 talking points are prepared for President
Bush's meeting with the India Prime Minister and Bush avoids
discussing Enron during the meeting.
I would imagine Executive Order 13223 includes this meeting?
The next day Spencer Abraham called Lay to "check up on
the company" and neither mentions any assistance for the
company.
$4 billion in bank loans isn't assistance?
Here is what the banks are really doing: They are acting like
they are being duped and basically debasing their own wealth
at the expense of their own shareholders.
The same day Margaret "Medicare" Chiara (Western
Michigan) and Daniel " Medicare" Bogden (Nevada)
are sworn in as USAs. Note: Medicare has intentionally
allowed itself to be defrauded ever since Johnson signed the
legislation in 1965 which is the reason the program exists.
On the 6th of November OPIC President Peter Watson contacts a
top aide of the India Prime Minister saying: "The acute
lack of progress in this matter has forced Dabhol to rise to
the highest levels of the United States Government."
Yeah sure.. Shakespeare couldn't have made it more dramatic.
Pete should get an Emmy.
The following day Governor Ridge, in a press briefing,
dismisses bentonite as a binding agent for the anthrax in the
Daschle letter saying the ingredient is silicon.
Remember what I was saying about Russia?
Well, as Ridge is dismissing bentonite, Russia began the next
Enron leapfrog phase and clinches a deal to build a $2.5
billion nuclear power in Southern India, expanding its
relationship which has seen New Delhi become one of Russia's
arms purchasers. Russian and Indian officials signed a
memorandum on construction of the plant, at Kudunkulam in
India's southern state of Tamil Nadu.
Go figure. Russia can't afford its labor force either?
India's poor payment history has risen to the "highest
levels of the United States Government." and Russia
thinks its going to get paid by India by 2007? Russia isn't
too familiar with current American history, huh?
The day after Russia's nuc plant agreement, Enron announces
"improper accounting and reduces its previously reported
income going back to 1997 by $566 million." This
statement led to a chain reaction that led to Enron's Dec 02
bankruptcy court filing seeking protection from its
creditors.
Hey somebody call Russia's energy bureau and tell them
yesterday's Tamil Nadu plan may not be such a great deal
after all?
Actually Enron's last 2 quarters was.. proper accounting.
On the 8th, Rubin and Fischer join the "I didn't lift a
finger for Enron club".
Darnit, those employees are still locked-out of their
accounts too.
The same day Rubin and Fischer bail, President Bush gets an
email tagged "Importance High":
"President Bush cannot talk about Dabhol."
On the 13th of November 2001, President Bush signed the order
establishing military tribunals and James Daniel Watkins'
(consultant to Arthur Anderson) body disappears.
It looks like Bush's tribunals have already started.
Watkin's body is found on December 01 .
Notice the so-called "liberal media" didn't jump
all over this one?
On the 14th of Nov., Kenneth Lay acknowledges that
"Enron made billions of dollars of very bad
investments".
This is 5 days before Enron shares are unfrozen so this can't
possibly help the value of those holdings very much.
Russia's Rosatom will be making this same announcement
regarding its Tamil Nadu and Iran Nuc plant projects sometime
after Oct 23, 2007.
By the way you should all pick up a copy of the New York
Times every day for two weeks starting on the above date.
http://www.legatus.org/public/index.asp
Note the "Spiritual pilgrimage".
This is when the "executive compensation" takes its
trip to Rome.
The checks clear on the 23rd.
The media debasement begins on the 24th.
Scan the NYT for comments made by a Texas stock analyst by
the name of "David Tice" regarding “improper
accounting” at a certain company (my guess: a telco and/or a
"popular private equity firm").
Advice: Shift holdings from the sector with the negative
press over to energy then bail from energy and move to
healthcare for a while then get out of that before the new
administration makes some kind of depressing Medicare change
announcement.
Lets backtrack a second.
Remember Bush's "Importance High" email?
On September 09, the day after the email was sent, Mr. Lay
called O'Neill again, supposedly warning of parallels between
Enron's impending collapse and the Long Term Capital
Management failure.
Here we go again.
Ask yourself, why would 29 executives who just cashed out of
$1 billion want Enron's stock to go higher?
So, in yet another Shakespearean move, Kenneth Lay pretends
to suggest that "a bailout may be in order".
O'Neill asks Mr. Fischer, the undersecretary, to analyze what
an Enron collapse would mean for the markets.
Remember what I was saying about day 1 of Q3, 2001?
Lets take a look at the “unlikely” events of Q2, 2001.
As of April 01 2001 (Day1, Q2) Jeff Skilling had served as
CEO of Enron for about 1 month.
Arthur Anderson's CEO, Joseph Berardino is into his second
month as a member of the Legatus chapter near his home in
Greenwich, Conn., and Berardino is also into his second month
as head of Arthur Anderson Worldwide, SC (Arthur Anderson's
umbrella organization) and George Herbert Walker Bush is
elected Chairman of the M.D. Anderson Cancer Center's Board
of Visitors.
This is the Enron health-care connection and the reason I
make references to the healthcare monopolist’s piggy-bank
known as Medicare so often.
On Christmas Eve 2002, not a creature was stirring as the
Wall Street Journal (while we were busy wrapping presents)
printed the following article headlined:
“Double Trouble”
“Ties to Two Firms Tainted by Scandal Haunt Top Doctor”
“A Director at Enron, ImClone, John Mendelsohn Sparked
Fireball at His Hospital”
“Dilemma for Houston’s Elite”
“HOUSTON”
“When news of the insider trading scandal at ImClone Systems
Inc. broke in January, it stunned the elites of this city.
One of their own, John Mendelsohn, president of the famed
M.D. Anderson Cancer Center here, sat on the board of
ImClone. What’s more, Dr. Mendelsohn was also on the board
of another company in the midst of a notorious meltdown.”
“Not this! Not on top of Enron!” Charles Miller, chairman of
the state body that governs M.D. Anderson recalls thinking.
“Now John is in serious trouble.”
“Dr. Mendolsohn may be the only person with official ties to
two of the companies most widely associated with the
financial crimes of the new millennium. That set off a
scramble over Dr. Mendelsohn’s fate among Houston’s leading
power-players, including the chairman of Anderson’s advisory
board, former President George Herbert Walker Bush.”
Christmas Eve.. in fact.. the whole week between Christmas
and New Years Day is a publisher’s laundry period. As an
investor, it is well worth one’s money to purchase the WSJ
during this rare media exposure of financial laundry.
Another popular laundry day is Valentine’s Day.
You may notice that the “investigative” journalist from the
WSJ, Kurt Eichenwald does not make any mention of Dr.
Mendelsohn or M.D. Anderson in his New York Times Best Seller
“Conspiracy of Fools”. Eichenwald also makes no reference to
the Commodity Futures Trading Commission nor does he mention
Frank Savage’s ethics policy suspensions or Toffler (the
ethics advisor,) but he does mention the potential role of
Arnold Schwarzenegger.
In Q1 and Q2 of 2001.. as Lay and Skilling are making
electricity cheaper in Mumbai, India.. they are making
electricity disappear.. in California .
The first week of April, Clinton makes his phony (give Enron
its money or nobody will ever invest in your country again)
trip to India and Richard Celeste ends his post as U.S.
Ambassador to India. Celeste also served as a director of
HealthSouth Corp.
If you think the Enron story is interesting so far.. wait
until you hear the HealthSouth story.
So, in April, 2001, Jeff Skilling calls Richard Grubman of
Highfield Capital an a__ hole because Grubman questions why
the company’s balance sheet wasn’t available when the
quarterly earnings were released.
Again: This is the last quarter that Arthur Anderson cooks
Enron’s books.
Now here is a funny one. On the 23rd of April, Warren Buffett
said he plans to invest over $10 billion in utilities if
Congress repeals a 66 year-old law enacted to curb abuses in
the energy industry.
Now what are the odds that Warren Buffett didn’t know that
the SEC had freed Enron from registering under this very same
law (the Public Utility Holding Company Act; PUHCA) shortly
after the first bombing of the WTC in 1993 which is also the
same year Wendy Gramm and Sherron Watkins joined Enron and
the also the same year Arthur Anderson took over Enron’s
internal audit operation?
Common Warren.. give us a break.
Three days after Buffett pretends he doesn’t get it, Kenneth
Lay and President Bush attend that infamous literacy fund
raiser hosted by former First Lady Barbara Bush.
Remember? Bush said it was the last time he spoke to Lay?
There was a reason for that. And that reason was because
they realized that should be the last time they can be
connected.
“literacy?”
The MBA President and former Harken Energy executive, should
have asked Kenneth: “When are you going to stop cooking your
books? And did you hear global power producer AES just
announced its first quarter profit has plunged by 60% and
what is up with those rolling blackouts in California and did
you hear about the whistle-blower over at Dynegy’s Project
Alpha?”
Let me distract your attention for a second and mention that
it is April 30th 2001 and Chandra Levy makes the last
appearance at her Washington D.C. health club.
Its now May and J. Clifford Baxter quits the Enron energy
firm.. but Watson doesn’t blow a whistle to Lay for three
more months?
Now here is a guy who didn’t have any faith in the system.
For those political witch-hunters out there, here is a
partisan bone for you to chew on.
It is late Q2 and India’s Dabhol plant is now “on-line” and
India stops paying its Enron bills one more time.. just
before Karl Rove sells his Enron holdings in June.
Talk about timing.
What the heck did he know.. and what do the rest of the
newly-minted Enron millionaires have planned for America in
Q3 2001?
May 2nd 2001: President George Bush pretends like he had
never heard of something called energy trading (even though
the top 60 utility companies in the nation were doing it) and
orders all federal agencies in California to cut power use in
an effort to find a solution to the state’s energy crisis.
On May 9th, The Street.com posts one of the first articles
publicly discussing Enron’s suspicious financial transactions
8 days later the terminator, Kenneth Lay and Michael Milken
meet at the Peninsula Hotel in Los Angeles to formulate a
phony scheme to make it seem like Gray Davis is the cause of
California’s energy manipulation (as if Gray Davis doesn’t
know how the game works).
The following day, Saudi Arabia announces that it “picked
eight companies to participate in three projects that are
expected to total $25 billion over several years”. Included
are Exxon Mobil Corp., Royal Dutch Shell Group, BP,
TotalFinaElf, and Enron Corp., the only non-oil company
chosen.” Gotta get that gas to India’s power-plants somehow
otherwise how are we going to transfer those Silicon Valley
jobs to Mumbia?
Enron even fooled Saudi Arabia and Crown Prince Abdullah?
Get outta here.
Two days later a California poll finds that President Bush is
faring far better then Gov. Davis amid the state’s power
crisis. The same day, a Mumbia, India poll finds that Bush
is faring far better then Gov. Davis amid Maharashtra state’s
power surplus.
The next day on the 22nd of May, as if the California
Attorney General Bill Lockyer doesn’t know how the energy
trading game is played, Lockyer blames Reliant and Enron and
Lay, personally saying he would “love to escort Lay to a 8 x
10 cell that he could share with a tattooed dude who says
“Hi, my name is Spike, Honey.”
Electricity? “Spike” get it?
Doesn’t Lockyer know Enron’s “problems don’t start” until
December?
At this point there are a lot of people that are onto Enron’s
games but Sharron Watkins (the whistle-blower) hasn’t even
entered the picture yet.
It is now June.. and it is the last month Enron accountants
cook their books so if you are thinking about selling your
shares at a profit, this month would be the last opportunity.
June Highlights: Louis Freeh steps down.
To put things into perspective.. Freeh presided over the FBI
during “The Era of Greed” while Bristol Meyers Squibb was
misstating years of earnings. Louis now sits on the Board of
Bristol Meyers Squibb.
June: Cheney raises Enron concerns over payment of Dabhol
energy in meetings in Washington with India’s Congress Party,
Sonya Gandhi which now controls Maharashtra. Again, this is
not only pure theatre but in a little while we find out that
Gandhi is actually Italian (the Indians in the world’s
largest Democracy were totally taken by surprise by this
one). Sonya had been giving some consideration to opening a
chain of restaurants after she ends her stint in “public
service” called “Gandhi’s Traditional Pizza”.
June: Karl Rove sells his shares of Enron (this is big
money).
June: Kenneth Lay donates 25K to Governor Rick Perry (this
is small money).
Note: In the bigger picture, campaign contributions are
“small money” which is why the “liberal” media and
politicians and so-called “watch-dog” groups focus so much on
campaign contributions. Following the small money makes it
appear that somebody is actually following ANY money. As a
rule, if there is “much fanfare” regarding financial
transactions it is either a diversion or it is relatively
insignificant.
Here are three examples:
John Kerry and Enron: The small money that was followed here
was “dividends”.
When Monika was getting started with Bill in December of
1995, Heinz Kerry announced that Kenneth Lay will serve as a
member of the Heinz Center philanthropy, then John Kerry’s
Heinz family trust bought between $250,000 and $500,000 worth
of Enron’s stock.
Do the math.
Enron is trading at $18.00 per share when they buy it and its
trading at about $21.00 per share when they are “reported to”
sell it.
$500,000.00 would have bought about 28,000 shares. 28,000
multiplied by $21.00 is about $588,000.00.
Net Profit: $88,000.00.
So.. both the “liberal” and “conservative” media report that
the Heinz-Kerry ownership and sale of stock brought about
$5,000 to $15,000 in “dividends”.
The trivial amount diverted attention from the net profit.
Leave it to the money-counters to assume that the gain in
“dividends” is more significant than the gain in share value.
Martha Stewart and ImClone: The small money that was
followed here was the short term loss.
On the 28th of December 2001, the FDA decided not to approve
Erbitux.
The day before the FDA decision.. Martha Stewart sold her
3,928 shares of ImClone stock.
The Wall Street Journal claimed that by selling "before
the news" Martha avoided a loss of $51,222.00
Did the math.. and this math sounds like Arthur Anderson is
around here somewhere.
ImClone was trading at $75.00 per share ($294,600.00) when
she sold. When the s__t hit the fan in June of 2002 the
shares were trading at $7.00 to $8.00 per share ($31,423.00).
$294,600.00 minus (-) $31,423.00?
It appears Martha avoided a loss of a little bit more than
$263,000.00 but then again nobody was actually counting money
back then anyway.
I wonder what kind of “a loss” Peter G. Peterson, John
Mendelsohn and George H.W. Bush from M.D. Anderson Cancer
Center “avoided”?
Insider trading is one thing.. but insider trading in
fictitious money.. in a corrupt company.. run by a corrupt
CEO.. is another.
October 23rd of 2010 is when Sam Waksal.. gets out of prison.
Example #3: George H.W. Bush and Global Crossing: On the
16th of November 1999, when everyone was expecting the DOW to
reach 36,000, George and Barbara decided to play it safe so
they sell their 100,000 shares of Global Crossing for a
reported $4.45 million.
These were the shares he got for free for a speech he vomited
at in Japan.
Lets say Global Crossing is reported to have donated $30,000
(small money) in 1999 to the Bush campaign.
Here is the math the "liberal press" can’t seem to
compute: What is $30,000 (small money) subtracted from $4.45
million (big money)?
Actually, even the published amount was wrong since Global
Crossing was trading at $52.00 per share at the time of the
sale.
Rush Limbaugh got the Terry “Global Crossing” McCullife part
right but he never made any references to Barbara or George
“Global Crossing” Bush?
Half of history and half of the facts have always been good
enough for the King and his Court.
The big money is in corporate holdings in corrupt companies.
Follow the big money.. not the small money.
Back to events in June just before Enron starts counting
their money accurately in Q3:
Sami al Arian and some 130 other Muslims attend a White House
meeting with President Bush.
In June of 2000, Sami al Arian was campaigning for George
Bush in Florida (this would be during the war we supposedly
didn’t know was going on at the time).
I’ll be writing on a mishap in 1999 often referred to as the
“U.S.S Cole bombing” to put this Muslim meeting and many
other unlikely events in 1999 into clearer perspective.
Suffice it to say, at this point in time there should have
been a U.S.S. Cole mindset among government leaders.
On the first of June the “Premium Processing Program” begins.
Foreign celebrities, athletes, executives, and other types of
workers will be able to pay $1,000 to get work-visa
applications processed within 15 days instead of the usual 3
months or more.
3 months?
Isn’t that a business quarter?
Remember: The function of all government is to pretend to
fail.
So wouldn’t you know it.. the “visa express” program
expedites the entry of both Abdulaziz Alomari and Salem
Alhamzi.
Let me get this straight. The agencies responsible for
keeping Americans safe from foreign terrorists were having
such a difficult time gathering, assembling, and coordinating
information from visa holders for approval within a waiting
period of “three months or more” they decide to shorten the
approval period to 15 days?
One would think that after seeing the August 6 2001
document: “Bin Laden Determined To Attack Inside The United
States” Condoleezza Rice would have suggesting suspending the
new “Premium Processing Program”?
On the 18th of June, the FBI pulls agents investigating the
bombing of the U.S.S. Cole out of Yemen due to a “specific
and credible” threat against them.
Two days later, Yemen arrests 15 people suspected of plotting
to bomb the U.S. Embassy in Sanna. Meanwhile, a reported
recruitment videotape from Osama bin Laden’s group claims
responsibility for the Cole bombing and is viewed by the AP
in Kuwait.
The next day the INS announces that it “has no plans to
actively target H-1B workers for deportation”. The INS
spokeswoman says she “doesn’t know of any H-1B workers who
have been deported simply because they have lost their jobs.”
The “most recent” contact between Kenneth Lay and Dick Cheney
occurs at a conference on the 24th of June.
To try to help Enron collect a $64 million debt from Dabhol,
on June 27th Cheney lobbies India’s opposition leader, Sonia
Gandhi on behalf of Enron shortly after the Cheney energy task
force specifically recommended promoting energy production in
India.
The next day in an attempt to make it look like he doesn’t
understand the book-cooking energy business either, the Wall
Street Journal’s Daniel Pearl, writes “AES Expresses Interest
In Enron’s India Project” ... “AES offers to buyout troubled
electricity venture. Dabhol hasn’t produced power for more
than a month”.
Those bumbling fools at AES. Dabhol isn’t paying Enron.. why
would they pay AES?
As if India was ever expected to pay Enron?
The same day of Pearl’s piece, Bush names Elliot Abrams to
the top national security post and the Supreme Court rules
5-4 that immigrants who commit crimes can’t be held in prison
indefinitely, if the U.S. can’t deport them.
Huh? Its that damn ACLU I tell ya!
It seems like the "A" in ACLU might stand for..
"Arab"?
Not that there's anything wrong with that.
Remember the words: "racial profiling".
..
Enron’s second business quarter is over.
July 01, 2001: This is the first day of the first quarter
that Enron counts its money honestly.. since 1993.
Eventually every financial scam comes to a point where it
needs to invoke its exit plan.
What is Enron’s exit plan?
July 01, 2001: California Senator Diane Feinstein who is on
the Intelligence Committee warns CNN “Intelligence staff tell
me that there is a major probability of a terrorist incident
within the next three months.
Next three months?
Isn’t that a business quarter?
Renihardt is waleska btw.
Also Reinhardt is an economist, not a conspiracy theorist nut,
in fact Reinhardt has a little inside knowledge.
http://www.princeton.edu/~reinhard/
He chruns out some cryptic stuff, a lot of which is only apparent after an event has passed.
Last week he had "What happened to 9? 7 ate 9"
Something that made no sense, there was even a link to some youtube cartoon lol,
anyway, Stimulus bill passes first house as 789 Billion, final bill is now 787 billion :-)
What happened to 9? 7 ate 9
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He's linking Bushehr again. Anyway, message for today.
"SO WILL WELLS FARGO
this ain’t no scam..
this ain’t no joke..
You will be prosecuted.. to the fullest extent
( i will take a jpeg of YOU.. behind bars)
http://www.youtube.com/watch?v=46cjprmvgAg
*
http://www.youtube.com/watch?v=_x1lO0pGKRM" 0 -
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Vadrefjorde wrote: »
Here's the graph starting in January.
Feb 09 no longer looks so spectacular, eh?
Here's the same graph, run over the last 6 months.
Feb 09 looks even less spectacular.
Based on these two charts....what, exactly, began on Feb 09, 2009 that somehow makes it important?
The graph you show is deliberately chosen to hide the significant history, to make it look like something significant began on Feb 09. Look at it in the longer trend of the ongoing crisis, and you see that there's nothing really impressive about it at all.0 -
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Lets take it a stage further in the conspiracy theme of things
There is no doubt that there's an economic downturn. One which has our much esteemed economists on the run so to speak. Some with no theory, yet others with great theories about what should be done. Some even feel disgruntled by the fact that the subject of economics has recently become the subject for ordinary people to begin to discuss, and perish the thought analyse and comment on.
And then we have Reinhardt... Is he an economist or not? Is he a crackpot? How can a crackpot have in-depth knowledge of economic history, or more importantly why would a crackpot conduct a mathematical analysis of historical boom/bust cycles?
If you read Reinhardt's journal then you start to appreciate the manner in which he views the news, Globalism, and world-events. Actually reading all of them gives you a very good picture of how globalism gets paid for, how large investment in infrastructure and out-sourcing in developing nations get paid for.
Why the world needs "Enrons" , more importantly why it is beneficial for a government to be seen to fail. How multi-billion dollar projects such as power stations in India, massive investment in emerging China's infrastructure, Global crossing etc.. can be achieved.
I'm not endorsing Reinhardt as a messiah of any sorts either, but i have learnt a lot from reading his journal and following him on a daily basis. Certainly his predictions are claimed by most to be fiction, by others he is their god. There's an IRC channel full of traders making a fortune from his daily predictions and advice which has been an eye opener for me.
Conspiracy theories and conspiracy theorists never seem to hit the mark, it's always vague, impossible, incredulous or downright insane. Most people acknowledge there's some level of accuracy, mostly before the subject descends to talk about lizards :rolleyes:
Here's a forum with one thread dedicated to Iran, another to RFID, another to Gordon Brown mentioning the "Global" word, heaven forbid
All different subjects, here and there, all just not hitting the nail on the head, all missing the bigger picture.
Reinhardt, from my reading of his journal sees the advancement of globalism in market terms. He has predicted numerous events in the market with success. The thread "Reinhardt, scary prediction for tomorrow" is just one. Now lets clear that one up, he said an announcement would be made on the 9/2/09 which would be the start of a market slide. That he said in November 2008.
His assertion is that the market is timed.
His September call which he made 12 months in advance was timed.
The slide of the Dow Jones to 3000 will be timed.
His analysis of previous recoinage, market debasements and "Enrons" throughout history are fundamental to his predictions of what is happening at present.
He also predicts a news event tomorrow 26th Feb which is a direct repeat of history to the day from the year 1993. I guess tomorrow will tell if he is right on another prediction or not.
This isn't a post to glorify Reinhardt, i have read all the freely available journal pages and have gained a lot of knolwedge about how to read world events and look at the picture.0 -
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nyarlothothep wrote: »yes it was, check the previous page for more info
No, it wasn't. The market simply following its overall trend. Nothing happened.0 -
Mahatma coat wrote: »the Enron analysis
could one of our esteemed Economists read it and give a synopsis please?
I found it very interesting and a lot of it seemed to make sense based on my observations of the way the world works
His Satyam analysis is even better, India's very own "enron". Including the mumbai "terror" attacks.
By the way, i'm giving up on this thread now. Make your own minds up on him. But for god's sakes have the initiative to read the stuff before commenting on it :rolleyes:
Feb 9th = Right. Why? Do your own research. Hint Healthcare
Feb 26th = Right Why? NYSE:HUM0 -
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