Global accounting craziness with illusive SAP
printGlobal accounting craziness with illusive SAP
Radio topic about the German EDP-Company SAP, its history, developments, past, difficulties, aims, future, human problems and breakdown of banks, in fact also provoked by SAP and globalized programs.
Very interesting story, repeated here in words of a real expert in accounting:
World Accounting
All started with SAP, when they wanted to globalize Accounting of all companies in all countries on this Globe.
We should try to know that today, accounting is still equal to the 14th Century. Since an Italian worked out the first principles, nothing has changed in bookkeeping up to the year 2009.
- Debit - Credit bookings - for all transactions in commerce of all companies and States in the whole world
- Balance Sheet - Assets and Liabilities = Fortune of a company or State
- Statement of Income - Expenses and Income = Profit of a company or State
That’s' all, in all countries throughout the planet: China, USA, Russia, Europe, Africa, Argentina and all the rest.
Now, SAP decided with help of Silicon Valley in California, to bring all accounts in uniformed way on the computer, in all banks, insurance, industry, service, States and Communes - just all that has to do with accounting, auditing, taxes etc. in all nations on this planet.
The merit of SAP was to integrate all departments of all companies in all Lands on this globe in a unified basic EDP scheme of controls and accounting: When a product is purchased, this system moves the controls on stocks, on reserves, on income, on balance sheet, on liquidity, on management decisions and on how managers should travel around in their planes like hell and buy shares from Merry Lynching or Goldman Sex or invest in Freddie Max.
Birth of SAP
The birth of the system generated for all companies a method, how huge amounts in billions and trillions could be moved, for consumerism, banking, financing, production, services, leasing, housing, money market, shares mergers, bonds to China, traffic for half of world population, criminal personnel in stock exchanges, politicians with or against GW Bush etc. All these functions could be moved, just by punching on the button of a computer in a big hall, where other 1000 ignorant persons were pushing on same buttons----
And so it was necessary to have folks working for SAP in Germany, India, California, Israel and many other lands, as workers, as engineers, as developers, as controllers, as managers and as greenhorns. And they had to learn everything about Indian, Chinese, American and German culture, in order not to kill each other.
The more these "Experts" developed, their sophisticated systems, in all details and millions of functions, the more complex it became to the point, that today, not one person on this globe has any controls on SAP and their developments.
Death of SAP
And learn: It is much easier to hide needle in a hay heap than to find it again, after the Crash. It is easier to poison the oceans than to cure them again.
And therefore, the dead-end of SAP is already here: Their systems allowed Wall Street and Hedge Funds to develop structured Derivative Zero-Papers, that by zero-minds could be leveraged (100 dollars own means on 3000 credits from banks) on billions of dollars and so, some criminals sold to other blind mice any financial scrap they wanted, although they did not understand one percent of the given affair or "security".
But all banks, insurances, hedge funds, individual persons asked for that scrap in their endless greed, products better known as ABS, Bistro, CDO or CDS, in trillions of Dollars - and when the craze ended during the year 2007, we found that the whole matter was gone out of control and can never more be cured, not with Trillions of dollars in useless rescue packages.
Fact is: The Top Shots of SAP management said they must develop new instruments to prevent that same craziness to happen in future again. Future times!! As if there would be again any future like the one we had before!
And the expert continued with his sermon by admitting, he could not say one word about the problem about the fact that the existing scrap, amounting world-wide to 400 trillions of Dollars, can never more me taken under control, because to build up the mess was easy - but the turn back of all mechanics to the state, when people still knew who were the debtors, the owners of houses, constructions built up by bluffers betting on scales of stock exchanges, raw material, resources, oil and gas and all other crazy ideas, and as a high-light, even to make trillions in commerce with fantasies without any real economic background ----- well SAP --- how do you want to resolve this problem?
This radio guy gave the solution: We must continue develop much, much, much more sophisticated programs in EDP, put it on the internet, instruct all our clients how to use the Chaos - and than the whole world will be put again in order, we will become rich, will maximize the profits of SAP and increase Shareholder Value to hundred times the present value -----
Dear, Dear, Dear. I think the world has become crazy long time ago, because like SAP, also Google, Yahoo, Soros, Buffett, UBS and all Investment bankers in the Kitchen Cabinet of Obama bin Barack are thinking. They are day-dreaming and believe, this would be a reflection of reality - and they have no other kind of logics and commonsense.
The hybrid brains have, as I predicted in my oeuvre, taken over the command on a lost and rotten humanity - and therefore the breakdown of systems will go on and on and on and on ---- for ever.
Rene Delavy, Berlin and Bournemouth
Author of "CHAOS" / "Why the net is already dead" (don't dare to name them, because last time they threw me out of the net) / "Why the Breakdown of Stock Exchanges can never more be stopped" / "Help, there is no help for dead Banks" etc.