Why Do Businesses & Corporations Cook Their Balance Sheets During Periods Of Growth, Progress, And Prosperity?
- California Blackouts
- The Construction & Housing “Boom” Of 2007
- False Perceptions
- So Why Count Money At All?
Why did 61 leading energy companies feel the need to manipulate the energy market and cook their balance-sheets.. during a period of prosperity?
On the surface.. it doesn’t seem to make sense.
Why did (all) five leading global accountancies find it necessary to forget how to count money.. during a period of growth, progress, & prosperity?
Once again.. on the surface.. it doesn’t seem to make sense.
“Greatest economy”.. “greatest accounting fraud ever”?
For some reason, this is a pattern that repeats itself consistently.. throughout history.
So, what is it that makes “great economies” so great?
It is very likely that each and every ”boom” (a period of “prosperity”) is the result of.. cooking the books?
Every once in a while the economy does so well that almost every major corporation has to cook its books? And this is referred to as a period of “growth, progress, and prosperity”?
Note: Books are cooked to give the appearance that the current and expected costs of labor is affordable.
reinhardt’s journal follows energy, healthcare, and telecom and the book-cooking ALWAYS associated with.. all three
The Construction & Housing “Boom” Of 2007
Enterprise corruption is most often a one-trick pony.
The housing “boom” wasn’t a boom.
When banks lend money to customers that will not be able to pay the banks back – that is not a boom.. that is a scam.
When banks lend money to banks that lend money to customers that will not be able to pay back – that is not a boom.. that is a scam.
That is a welfare program. That is socialism excused by failure.
Similar construction and building “booms” occurred in:
- 1773: Housing construction blamed for British and Amsterdam market crash.
- 1827: Paris banks pretended to fail leading to a market crash.
- 1848: Building boom blamed for market problems throughout the “continent”
- 1873: Building boom in Chicago led to the “Panic of 1873″
- 1973: REITs & office building
- 1997-1998: Construction boom and banks pretending to fail affecting Thailand, Indonesia, Malaysia, Korea, and Russia
Note: The last construction boom entry above is actually defined by economic historians as being the fault of “deregulation” and “crony capitalism”.
When capitalist enterprise corruption occurs in foreign nations it is blamed on “crony capitalism”. It makes identical economic fraud in the homeland seem free of blame.
In the 1773 entry above one might note the period to be sort of a noteworthy time in history? Benjamin Franklin published no propaganda material on enterprise-wide British and French financial market corruption as a potential reason to rally up the “patriots”? As often as he traveled back and forth he didn’t know anything about it?
In fact there is a very long list of patriots that never used European financial corruption as a means to rally for patriotism:
- Franklin
- Penn
- Washington
- Adams
- Revere (Revoire)
- Madison
- Jefferson
- Morris
- Hamilton
- Monroe
- and last but not least.. Patrick Henry?
One would assume that Paul Revoire would have been knowledged in French market corruption.. at the very least?
Even the founding fathers didn’t follow the money. And it becomes obvious that the fathers of the fathers of the founding fathers never mentioned anything about European market corruption to their founding-father sons?
There are nine instances of major European market fraud since the “planting of Jamestown” that we are celebrating the 400-year anniversary of.. right now:
- 1607: Spain bankruptcy
- 1614: Augsburg bankruptcy
- 1622: Debasement of Coin
- 1637: Joint-stock debasement (notice use of the actual word “debasement” in the last two entries?)
- 1696: New-coinage
- 1720: French panic, crisis, crash
- 1720: English panic, crisis, crash
- 1763: Amsterdam panic, crisis, crash
- 1773: Market crash (Amsterdam again)
.. and twelve cases of European market fraud since the travels of Christopher Columbus:
- #10 1557: State bankruptcy in France & Spain
- #11 1558: Re-coinage
- #12 1557: Bankruptcy (Spain again)
.. and all twelve of them go unmentioned by any and all early American patriots as a motive to “severe all ties” with Europe?
reinhardt’s journal follows the distractive and fiscally controlling aspects of.. religion
Religious ideology.. gets the blame?
We currently have a government that claims to have not learned from the mistakes of history. So lets help them!
Centrally planned fraud in banking loans occurred in:
- 1696: New-coinage carried out by Issac Newton and John Locke (Blade Bank, Banque Generale, and Bank Royale in England) Tip: Watch out for the word “new”.
- 1819: Panic blamed on bank “failures”
- 1837: “failure” of banks blamed for Panic of 1837
- 1825: country banks pretending to fail in England
- 1857: merging of banks blamed for English market crash
- 1866: bank suspension and abandonment of fixed-parity blamed for English & Italian market crash
- 1873: “Failure” of Philadelphia banking firm “Jay Cooke & Company” blamed for Panic of 1873
- 1890: Russian gold loans to Britain blamed for English market crash
- 1896 “Failure” of National Bank of Illinois (Chicago)
- 1907: “Failure” of banks
- 1994-1995: banks pretending to fail blamed for Mexican market crash (this is how you encourage emigration)
With all these banking failures.. how can anyone be wealthy?
Investor Tip:
- Don’t confuse banking “ignorance” with intentional banking fraud.
- Another word for “putting s__t on your corporate balance sheets” and “book-cooking” and centrally planned failure is “volatility”
False Perceptions
Cooking the books gives false perceptions.
- A false perception of success
- A false perception of history
- A false perception of the present
- A false perception of the future
- A false perception of growth
- A false perception of opportunity
- A false perception of hope, faith, pride, respect, trust
- A false perception of leadership
- A false perception of achievement
- A false perception of.. reality
So Why Count Money At All?
It may be possible that the only reason a nation counts money at all is to figure out when enough technology has been transferred to the enemy to begin the kick-off of the next war.
reinhardt’s journal follows.. accounting (lol)
continue the tour: How Does Enterprise Corruption Stabilize Wages?
