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Non-Tech : The ENRON Scandal
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To: Baldur Fjvlnisson who wrote (4164)6/29/2002 5:41:40 PM
From: Raymond Duray   of 5185
 
BUYING ASSETS AT PENNIES ON THE DOLLAR: CASESTUDIES - RAILROADS AND THAILAND

Hi baldur,

Re: Why has the mob been so desperately working on this? What do they hope to gain by collapsing the U.S. economy?

What we are witnessing is an old capitalist trick, used extensively in the 19th Century by corrupt operators to steal railroad assets. The game is to collapse asset values, sending operating companies into bankruptcy and then purchase the assets for pennies on the dollar. The criminals surrounding George Bush have the wherewithal to afford to both crash the system, and then buy up the distressed properties that are created in telecoms, biotech and other key sectors of growth for the next recovery cycle.

One recent example of this "crash, burn, and buy" strategy is the transfer of capital assets in Thailand. Their Baht was driven down to an absurd level in late 1997, forcing major developers into bankruptcy. Many large commercial buildings were bought out of bankruptcy courts by Anglo-American vulture funds. Including the Bush family's Carlyle Group. Many observers feel that the vulture funds were able to use their control of the IMF, World Bank and other levers of the world's financial markets in order to perpetrate a fraud on the country of Thailand.

The resultant asset transfer certainly makes this look to be the case.

-Ray
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