SWISSAIR Syndrome - equal to 100 trillion Bankruptcy of World Economy
printSWISSAIR Syndrome - equal to 100 trillion Bankruptcy of World Economy
The world has to understand that in the books of all Banks, Insurances, Investment funds, Hedge funds, Old Age pension funds, not yet re-evaluated Securities Junk lies still untouched in all Annual Statements - in the amount of far over 100 Trillion Dollars, leading directly to HELL (zu deutsch: Weit ueber 100 Billionen Dollars oder sogar Euros an wertlosen Anlagen, weltweit, die zu toedlichen Ueberschuldungen fuehren werden).
What has this to do with the SWISSAIR-Group Crash of the year 2001, with 17 billions or 17000 millions of over-indebtedness by the end? Well, the reasons and accounting effects are exactly of the same nature as for the World Clash of Civilisations, taking place today. Let's explain:
'SWISSAIR' Syndrome
When Swissair was finally found bankrupt in the year 2001, at the day of GROUNDING of the whole Fleet in Unique Airport Zurich, due to UBS not wanting to lose a further amount of 60 millions for making run the company for other 20 days, it was found that the Swissair Group with some 300 major sub-companies had consolidated debts exceeding assets of 17 billions of Swiss Francs. How come?
During about 8 years, Swissair was forced, not being in the EU, on the advice of McKinsey, to follow a HUNTER-STRATEGY, which meant to become a world player in flying circus - with a monster airport in Switzerland - and have a LOSS PER DAY between one to 8 million SFR for 8 years!! (5 mio. x 365 days x 8 years = 15 billion).
Swissair management bought for billions (Swissair was at that time called a "Flying Bank") companies producing huge losses each year, such as SABENA, TUI participations and some minor French and other Cheap Airlines. Instead of turning down the Billions of purchased participations down to One SFR pro-memoria and install billions of provisions for future losses on the liability-side of the consolidated Balance Sheet, Swissair management, Board of Directors, auditors and financing banks, shareholders and bond holders accepted those NON-VALEURS (amongst a lot of other criminal accounting, announced by Delavy before 1999 to all Swiss media without any effects) in the Annual Statements of Swissair-Group, as late as the day of the GROUNDING in 2001.
The surprise for "experts", media and economic skunks (like the New York U.S. Crash in 2007) was so high in Switzerland, and the accounting skills in Universities and consulting firms so bloody low, that all idiotic editors of NZZ, Tages-Anzeiger, Weltwoche, Ringier, Edipresse, Berne governmental SECO, Swiss NAZI-Bank, St Gall and Berne University, EconomieSuisse, Avenir Suisse, TV and Radio Idee Suisse, as well as some idiotic Book writers and connected odd makers of the film "GROUNDING" pretended until today, that the bankruptcy of Swissair was produced so to say by UBS alone, for not lending a further credit of 60 million on top of the existing 17000 million of debts mid-2001 -----
By the way: Swiss Courts of "Justice" kept Swissair Auditors, Board of Directors, CEO, Chiefs of Accounting, Bankers and Consulting Idiots free of charge and they were all dismissed without any jail or other penalty spoken on them. Same can be said of Pinochet, Ronald, Thatcher, Bush, Paulson, Greenspan - and the perpetrators at Wall Street.
Swissair Syndrome seen on WORLD CRASH SCALE - over 100 trillions of Dollars lost forever
Some god-damned stupidity on world-scale for ABS, Bistros, CDO, CDS and a lots of other Trash, like shares in Fannie Mae and Freddie Mac, U.S. Treasury Bonds and any other worthless scrap, still in 10000 of books around the world, the re-evaluation of which by aid of 20000 auditors and accountants should still be executed. Otherwise, any new hype produced by cunning cheater BARACK OBAMA (inheriting the clash from Clinton, Greenspan and worst, GW BUSH) - and his Kitchen Cabinet, being at the original of the Wall Street crash, producing as normal follower an atrocious world-wide Economy Clash of Civilisation, blowing in the wind (inclusive real industry, infrastructure, social costs, real estate and nations) some 250 trillions of Dollars of lost values, this new hype so would be a fake, covering up the hidden losses, that are bound to explode whenever investors ask money back from banks, insurances, re-insurance, investment funds, hedge funds and any sort of old age pension funds.
Did you read my lips, Reader? It's you who have lost, like the banks, shareholders and bond holders and 1000 enterprises having money outstanding with SWISSAIR, losing some 17000 millions SFR - only this time, it is a question of all Lands of the Planet Earth and an amount of over 100 trillions of Trash for securities alone that went lost and "values" have not yet be re-stated in all Annual Statements of 10000 and more of Finance Institutions in all countries ----
When will the accounting TRUTH about 20 years since 1989 of Wall Street CRAZE pop-up?
Well, it's quite easy. Not before about 20000 accounting experts and auditors have done their work of re-establishing past debtors and lost mortgages and bets on Stock Exchanges, producing that brainless Trash ABS (Assed-Backed Securities), CDO (Collateralised Debt Obligations), CDS (Credit Default Swaps) - and all other Las Vegas Junk, emanated from Wall Street Investments Paulson Banks with help of Brown's City of London and 7 Dwarfs of Berne Bahnhofstrasse Zurich, inclusive the local governmental driven Finance Skunks of Singapore, Hong Kong, Moscow, Ackerman Frankfurt, Sarkozy Paris and Berlusconi Rome and some other Caribbean Islands, being at disposal of uncontrolled and untaxed Hedge Criminals - and not one person in the world saw the DEADLY MESS coming, not one ---- and pretended the contrary afterwards when any child could recognize the irrevocable catastrophe ---
Learn more from the intellectual "Top-Heroes" of Finance on this Globe
In the meantime, Ackerman, Brown, Trichet, Bernanke, Sarkozy, Merkel, Berlusconi, Summers, Geithner, Obama Bin Barack, Krugman, the new management of UBS and other rotten banks and hedge funds, all the still abzocking Criminals not yet in Jail, in New York and London Investment Banks (now called for shine to be "normal banks") - all governments of USA, China, India, Russia, Korea, Japan, Germany, France, England - will try to cheat all investors of the world by100 trillions of non-valeurs in all finance business world-wide, by leaving the Trash in the books of all banks, investment funds, insurance, old age etc., covered up by a new HYPES OF GREED AND GROWTH, as it was from 2000 to 2007, and be glorified as the saviours of the financial world, when the never were anything else but the perpetrators as GRAVE-BURIERS of the present WORLD ECONOMY "ORDER", lasting on and on, until the final bankruptcy of the last societies will be noted by the year 2015.
Perpetrators kill victims by millions, and not one VIP can admit the crime. - It is absolutely sure that modern "Democrazy = dictatorship of dull Majorities", is not only responsible for Hitler, Sharon, Hamas, Bush, Obama and some other hegemonial or criminal regimes. Much worse is, that awful types (having a life-time opted alone for anti-regulation, globalisation and free finance market) popped up later and pretended: "We have always strongly believed that raw, unregulated capitalism does not work." This is the greatest hypocrite LIE ever seen, from Greenspan, Bernanke, Cox, Bush, Rove, Paulson, Summers, Geithner and Krugman and 1000 other criminals of State.
You know what? The perpetrators of the Downfall of Wall Street, getting YOU lost and rotten by the end, wish to be seen as economic heroes in history, when in fact they belong before a Wall.
Still reading my BUSH-LIPS, idiots? Well, you do not deserve a better title. After all, you still accept as the crazy dictators as majorities of democracy, without any effective third power, the trash literature diffused in FOX-TV of Murdoch, in all Gazettes of Liars such as NYT, TIME, Wash Post, Economist, Newsweek, FAZ, TAZ, Die Zeit, Spiegel, Le Monde, Independance, Le Pais, La Stampa, Corriere Berlusconi, Japan Shrott of Nothing, Korea Daily Lies, NZZ Tax-Tricks of 7 Dwarfs, Meaney alternative Trash, Pravda Private Bank of Putinism, Hu and Wen 3000 Skunks Mailing, Singh and his untouchable billions, Israel Hamas Lies, Palestine Holocaust Lies, Foreign rotten Affairs, Monaco Post of Las Vegas tax idiocies, Liechtenstein LGT and LLB, Caribbean Trick of tax-free richest VIP Skunks, House of the Rising Obama Hype, Condy and Hillary Gossip, Halliburton Oil steeling Iraq Post, How make Wall Street become a Kitchen Cabinet, Ackerman News for Rumsfeld Europe, Dynamite Prize for rotten Economists, All the Liars on Investors, Los Angeles Burn Non-Valeurs to Hell, Al Bore slowest New Orleans Ecology, Krugman and Glucksman Wall Street Advisor -----
Read, dear Reader, all the god-damned intellectual scrap presented to you, day by day, and see floating away all your investments of a life-time - and now start to shout: "I don't want to hear truths ever again in my life. It's so nice to be living alone on Swissair Syndrome ideas, killing me and my fortune and my future softly ----" - Well, shout a little bit louder to be heard by Barack Bin Laden and other Finance Terrorists of this ecology-damned world, governed by CEO Trash that went through schools of Princeton, Chicago, Berkeley, Cambridge, Oxford, Boston, Friedman, Popper, MIT and ETH and some other Paris, London, Tokyo, Beijing or Berlin Masters and Bachelors Bankers Universities without any human Philosophy ----
My God, Allah, Confucius, Buddha and Popes: What has Delavy still to write, before the latest Junk in Brains would understand World-Accounting? And now, have a good time until End of ultimate Crash, coming around the year 2015.
Rene Delavy, Berlin and Bournemouth
Author of "CHAOS" / "All the tax and accounting tricks making world tumble" / "USA - highest Rough State" / "Western VIP - perpetrators - not saviours" / "Swissair - and other economic Junk trials" / "Democrazy = Dictatorship of dull Majorities" etc.