"Why should I lend you so much money for this collateral?" "I have government connection. Just trust me bro~"

@hypergraphic

Жыл бұрын

I think a staggering amount of business transactions go down like that. Just look at the sub prime mortgage crisis for example.

@nexusyang4832

Жыл бұрын

*Linus has entered the chat*

@Wolvieonepunch

Жыл бұрын

Happens daily no doubt

@globalismoblackman

Жыл бұрын

Lol 😅😅😂😂

Fundamentally the problem with these acquisitions is the company overpaid. If the acquired asset is worth what the company paid then there really isn't a debt issue.

In its original territory, Hainan Airline actually did quite well. Pretty much all Chinese students in Massachusetts have flown from Beijing or Shanghai on HNA.

@globalismoblackman

Жыл бұрын

I can imagine so however over leveraging the golden goose crush the business with a gigantic amount of debts.

@spehropefhany

10 ай бұрын

Good airline IME. They were making very attractive deals if you could buy a dozen or two business-class seats trans-Pacific.

dude your channel is basically bloomberg with indie humble vibes. Kepp going, you are awesome

Chinese banks are legendary in their insanity. One time we went to withdraw money from a bank and we were told to come back in two hours. Apparently the jag-off running it deposits the bank's deposits to other banks to earn interest. So the teller actually ran out of the bank to withdraw the banks money from another bank.

@globalismoblackman

Жыл бұрын

Lol classic Chiiinaah with my Trump accent 😅😅😂😂😂

@johnyossarian9059

Жыл бұрын

This has aged poorly in light of what's happening in the US 🤣

@bowlampar

Жыл бұрын

Chinese Bank business model doesn't operate like traditional western banking industry.

@bunyavissuthisorn5909

Жыл бұрын

... Once in the morning, I met a teller of a local bank in Bangkok to withdraw an interest. She told me to be back in the afternoon. I asked her why it takes so much time? She replied the interest had to take a ride to get here. .............

@Purplegreen45

Жыл бұрын

@@johnyossarian9059 nothing?

I actually flew with Hainan, from Guilin to Sanya, in 2000 ... Small plane. Two Chinese pilots, assisted by a very big German guy sitting on a stool just behind them. All visible to the passengers because the cockpit door wasn't closed!

@John77Doe

Жыл бұрын

On the Job Training at a new level. 😂😂😂😂😂

@leonfa259

Жыл бұрын

Pre 2001 it wasn't uncommon for Passangers to even be allowed in the cockpit, I as a child was invited multiple times into the cockpit and I know from others that they regularly were allowed as adults inside after asking. For small planes it is still possible today.

@dustintacohands1107

Жыл бұрын

@@leonfa259 might as well if people are cool

@Jobless-guy

Жыл бұрын

I believe the small plane you referred to is Dornier 328 , a germany made airplane now stocked, the German guy there is for a training pilot from manufacturer. Back then b4 911 there’s little cockpit protection , now it’s totally changed.

@freekfaro5606

Жыл бұрын

@@Jobless-guy I think you're absolutely correct! At the time I knew what plane it was, 23 years later only 'German' stuck in my head. Thanks!

An asianometry video release always makes the day a good one. I appreciate how you just give a factual explanation of the history of the subject matter without any need for flash or flair. It makes things like this very easy to digest, ecen for a layman; I never even heard of HNA before this video.

@gus473

Жыл бұрын

This summary was much better than trying to follow the real-time version!

@peterd.2963

Жыл бұрын

The left wing news media, with the reckless CPP PROPAGANDA tried hard to screw the free world 🌎 over "in kind".

Fantastic research and a fantastic and informative vlog. Well done to all involved!!

I just love it when these companies tout their alleged connections to the Chinese government; They are simply appealing to the investors greed by essentially saying, yes this thing is all corrupt and a mess, but don't worry you will benefit from it. Of course it's nonsense, when the bonds come due, the government is not going to pay you

@slypear

Жыл бұрын

Precisely this.

@rainboworiental9521

Жыл бұрын

To big to fell, but HNA don't as important as Evergrande can kidnap all indebted property companies and pre order customers. Actually, even Evergrande their somehow government link and knock on effect can't let government bail it out from debts mess, and only give some loans let them maintained floats for a while until property market preparing well.

@coraltown1

Жыл бұрын

It was the CCP's corrupt baby, beginning to end .. just like the property development sector.

@duellingscarguevara

Жыл бұрын

@@slypear could we interest you in a little war?. Hmmm?. Would you like a little war?. War is our greatest export, couId I interest you in a little?, hmmm?. (Very good for business?)☝🏽

@Al-oe8ib

Жыл бұрын

Just like the banks, allowed to invest 89 percent of investor funds. They lost it, now the people cant get their money

Your videos are stunningly well researched. My thanks too to your researcher on this.

I remember reading the news about Frankfurt-Hahn Airport being sold but for some reason the investor would not show up and could not be contacted. It was actually treated like a scandal for the regional government since the public opinion was that they fucked up the due dilligence. There were articles about this for weeks in german newspapers. Thanks for giving me the background to this story I already forgot 😂

@Katharina-rp7iq

Жыл бұрын

Our theory was that they didn't pay attention to the 'which Frankfurt?' question - Hahn isn't even in the same country or close to the actual city (germany has quite a few Bundesländer, meaning it consists of several countries). Also: since HNA was the only investor interested in the airport and everyone just wanted to get rid of it the claim that DD was not all that diligent and nobody on the german side cared is true.

@MichaelOfRohan

Жыл бұрын

Thank god you have eyes. Im not being mean im so serious you give me hope.

@nocomment3294

Жыл бұрын

@@Katharina-rp7iq Hi just wanted to clarify that the correct translation of German ''Bundesländer'' is counties, not country. ''Länder'' is our word for countries and a direct translation of ''Bundes-Länder'' might be ''union-countries''.

@davidchou1675

Жыл бұрын

LOL I took it as a humorous dig at the stereotype of democratic countries being infamously partisan, acting as if separate countries -- literally "federated countries" as you point out!

@MrXxHunter

11 ай бұрын

@@nocomment3294It isn’t. A county would be a Landkreis. A Bundesland is a State.

your research is always so detailed. your video always very informative.

If Enron did planes

@MeiinUK

Жыл бұрын

Have you noticed that people don't get such news any more ? Prc has now done the utterly wrong thing of expanding their tech sector to bury two sectors into one. The worst is yet to come..... Even if you are a skilled engineer. You cannot find the company to work for to hold their stability.... This is insane. I thought that it was odd too with these various vertical integration which is common in the UK or Europe. But this is another level altogether. Cos he tries to be like Li Ka Shing. A lot of SE Asian holding companies are like that. You would think that a typical manager has an actual fiscal budget control ? They didn't even have that. It is all about sell and buy. I get these people don't even have the basic understanding of a set of books and account. I mean... Most people know how to run a household budget. What comes in. What goes out. Simple maths. What are they doing ??... And in such a large scale too.

@mattweger437

Жыл бұрын

@@MeiinUK yoloing

I love your straightforward and concise yet simplistic approach to explaining some really intricate things. Definitely helps me understand things on other channels I wouldn't. Great work 👍

Credit for putting this together. One can’t help but shake one’s head. If it’s feels too good to be true, it often is, too good to be true.

Airline companies all around the world are running on razor thin margins. US airlines like United and SW are mostly in the credit card industry. Many airline's value is not their flights or planes, like how Amazon is actually AWS and the nonprofitable Amazon site. Seems like this integration is just inevitable.

@aniksamiurrahman6365

Жыл бұрын

Dunno why it reminded me of the concept of "falling tendency of profit".

@PercocetPete

Жыл бұрын

​@@aniksamiurrahman6365 what's that ?

@CountingStars333

Жыл бұрын

@@PercocetPete theory acc which the rate of profit-the ratio of the profit to the amount of invested capital-decreases over time. Some communist crap. Basically diminishing returns.

@PercocetPete

Жыл бұрын

@@CountingStars333 lol got you

@coraltown1

Жыл бұрын

But that's got NOTHING to do with HNA.It was the CCP's corrupt baby, beginning to end .. just like the property development sector.

Wow, what an amazingly detailed, yet comprehensible history and discussion of a very complex topic! This sort of deep dive into recent history is extremely valuable in helping the public understand how some of China’s largest companies grew as quickly as they did, and why so many are running into trouble, now that the Chinese government is paying attention the the debt levels of its largest borrowers.

@goldnutter412

Жыл бұрын

This is why the world needs real, clean data. Transparency is generally seen as diminishing privacy, but advanced cryptographic methods exist to allow both. We need to automate the accounting processes to eliminate systemic risk. Data data data

@haberdasherrykr8886

Жыл бұрын

​@@goldnutter412 why would people with capital who benefit from keeping controls in their favour allow it and how easily can they suppress any attempts of open source transparent data world You people are busy in your idiotic petty little squabbles

@leochen887

Жыл бұрын

@@goldnutter412 As a retired aerospace engineer, I was taught that Data is everything and that Everything is data. Thus if we believe that knowledge/information/data is power -- (which it is) -- then know that Power begets Control. Looking forward, we can expect that the continuing acquisition and Processing of knowledge/information/data will be the basis of AI's Growing Power and Control of Events, if truth be told. For our human capacity is limited by our slowness and confusion, compared with Artificial Intelligence's clarity of insight and vision. But you already know that. Or maybe you don't. In any case, time will tell; it always does.

@peterd.2963

Жыл бұрын

C O R R U P T I O N CCP. STYLE

@nhachuaracbanhthuinhattoan3702

Жыл бұрын

VinFast learned the MO from HNA, so watchout people.

This is what I saw when studying overseas, there were non-stop jokes about how 'slow' Westerners are and how much more clever the Chinese are. But what it really came down to was how willingly the Chinese pushed legal boundaries and almost always prefer shortcuts for short-term gains. Eventually things go pear-shaped (e.g. Evergrande), and accountability is nowhere to be seeing. The workers, average joe share holders, contractors are left holding the bag.

@John77Doe

Жыл бұрын

We never leave workers, average joe share holders and contractors left holding the bag after a corporate collapse. FTX and Theranos come to mind. 😃😃😃😃😃😃

@henrytep8884

Жыл бұрын

@@John77DoeFTX isn’t a company, crypto is decentralized, no one nation owns that stupidity, in fact China is the largest crypto player on the planet. Anyone who buys crypto knows full well they go in with their pants down, it isn’t security or currency, it’s speculation, so there’s no obligation or risk protection for that purpose. Theranos got arrested, so there’s Justice in that.

@aniksamiurrahman6365

Жыл бұрын

Actually, China is fast forwording through US and Japan story. They both had their rapid growth and economic crises.

@lonyo5377

Жыл бұрын

Yeah... Only China has such things...

@russelfang7434

Жыл бұрын

@@lonyo5377 Like forgetting what US has done on its way of development.

I just want to say that I understood, comprehended, analyzed and cogitated over everything you said. A total and complete understanding was achieved. It was very simple. Or maybe not. Anyways, I don't know what's going on with these people

@saramcdonalds9038

Жыл бұрын

MAY NOT BUT WHAT I GOT OUT OF THESE IS GREED WAS THEIR UNDOING. MORE BILLIONS THEY GOT THE MORE BILLIONS THEY WANTED TO MAKE DIDNT KNOW HOW TO LEAVE WELL ENOUGH ALONE AND JUST RIDE WITH THAT INTO THE SUNSET THEY WANTED TO BE BIGGED THAN SAMSUNG CAUSE THEY OWN A WHOLE BUNCH OF OTHER COMPANIES BUT IT TOOK THEM HUNDREDS OF YEARS TO BE SUCCESSFUL HNA TRYING TO DO THIS FLY BY NIGHT THOUGH A WHOLE BUNCH OF ACQUISITIONS BY BORROWING OFF THE VALUE OF THE COMPANY THEY WAS TRYING TO ACQUIRE

Very interesting topic - thank you for this presentation! I (American citizen) did a lot of business travel to and in China in the early and mid '90s. Then in the 2000s my wife booked a ticket to visit her family in Beijing on a Chinese airline I'd never heard of before: Hainan. It puzzled me at the time that an apparently brand new Chinese airline could appear that wasn't part of the original China family of airlines. Of course as a whole lot of financial constructs are busy unraveling in China, this story of HNA Group birth and collapse now makes a lot of sense.

@PhysicsGamer

Жыл бұрын

It really is kind of shocking to me just how much growth out of China wound up being a huge bubble. It was always obvious that a worryingly large portion of it was, but the scope has been _staggering._ It's like Chinese companies looked at the worst excesses of American banks and went all-in on the exact same strategies, dialing them up to eleven.

@AFlyingCookieLOL

Жыл бұрын

@@PhysicsGamer You should take a look at the failure of American capitalism which is significantly worse.

@PhysicsGamer

Жыл бұрын

@@AFlyingCookieLOL Chinese capitalism _is_ American capitalism minus all the safeguards, it seems.

@brunette_hunter98

Жыл бұрын

Search HNA and miles guo together. The HNA ceo was assassinated in France under the order of ccp.

@MeiinUK

Жыл бұрын

They are not even backed by the Bank of China, are they? Or even ICBC... Right ? So how come, these individuals go above the national banks.. and the central banks... to borrow this way ? And do a "side way move" like that ? PRC should not have joined the WTO at all... and what is that World Bank individual doing ? They are controlling agriculture.. right ? What has HNA got to do with agriculture ? And wasn't HNA also involved in some kind of weird entertainment sector as well ? Does anybody DO any actual accountancy any more ?!!?! Chi sin !!!

Thank you very much for the video. Im a commercial aviation fan so heard hna group's name a lot and noticed Hainan Airlines flew some international routes that seemed pretty marginal.

@frankyu553

10 ай бұрын

Yeah that’s how I knew about them as well. Back in 2015-2017, They were offering routes from LAX to HKG for like 20% of Cathay Pacific airfares. I was like no way they were actually making a profit. As it turned out, they weren’t and the flights disappeared as soon as they appeared.

Impressive work Jon and team!🎉

Hi Jon! Not sure if this is the best way to reach out to you, you have a business email on your channel but this is not business related. I love your videos but I usually listen to them on Google podcasts. I see you upload less frequently on Google podcasts and Spotify and there are quite a few videos that are currently only uploaded on KZread. I was just wondering if you aim to upload audio versions of every video or if only a selection of your videos get the podcast treatment? Thank-you

Another clean direct and informative video, thank you.

Damn man. This makes the south sea company look honest and transparent in comparison.

Great job on a difficult-to-explain (and fathom) corporate saga! 😎✌️

1. Have a lot of connections 2. Get your connections to lend you a lot of money 3. Use the lend money to buy other businesses and stock 4. Put family members and you with insane salaries in top positions 5. Bankrupt the company because of the high leverage.

Fantastically interesting. Please do more of this sort.

Really appreciate the subtitles. Thank you.

One detail I noticed was the Ingram Micro 1% profit margin. Electronics distribution is in some ways like selling fruit or vegetables. Speed and inventory control are all-important. Just like an over-ripe banana has no sale value, the previous model of consumer electronic hardware can hardly be sold. Generally Ingram Micro is the middleman selling other company's products to resellers. Transactions are is done in volume and decisions depend on price and availability. If I was a businessman flying from Southern China to Beijing there are few choices and I am not going to quibble about a 20% difference in price. But if was running a chain of electronics stores then a 5% higher wholesale price might be enough to put me out of business.

Excellent as always.

@TrollBTD

Жыл бұрын

:eyes:

@chaplin577

Жыл бұрын

How is there a 2 month old comment on a 1 hour old video

@murtumaton

Жыл бұрын

Money :p

I remember listening to a NPR podcast about HNA a few years ago when it was buying up businesses like crazy. Guess things took a turn quickly.

@saramcdonalds9038

Жыл бұрын

ALL THESE BILLIONAIRES Story THE SAME GREED BE THEIR DOWNFALL MORE MONEY THEY GOT THE MORE THEY TRY TO GET

@adamesd3699

Жыл бұрын

@@saramcdonalds9038 I think the reason is very often it’s debt they have.

@globalismoblackman

Жыл бұрын

​@@adamesd3699 Yup flying too close to the sun 🌞 lol

@thomasdeininger1605

Жыл бұрын

State run info about state run company... What could go wrong?

I had no idea on any of this with HNA.. Thanks for the awesome insight on this!

In China, EVERY transaction is an opportunity for kickbacks. From the janitor who will skim dollars, to the managers who will take thousands to the higher ups who will take millions.

Have to keep reminding myself to click "like" as soon as I start watching an Asianometry video. I would always get too focused on the content, then eagerly look for another old video I missed previously, and forget the click like. Now I have to come back to click like for this video. There has never been a video here that doesn't deserve a "like" anyway.

Just one question, how did no one thought about shorting the stocks of such a badly run company!?? Why did rating agencies saw nothing wrong when such senseless purchases were being made? Where were the Hindenburg's and the Burrys?

Great video as always and provides a lot of insight. thank you

@0:17 I was surprised to see Hahn on your channel! I was stationed there in the mid-1980s. If you look into the middle distance you can see the 100m microwave tower, where I saw a German pilot do a loop around it in a Tornado (he was too close to the ground, unauthorized of course)

i really enjoy your videos when i'm driving - content is great

Just flew hainan airlines round trip between Beijing and haikou a week ago, with no knowledge of HNA’s history, I felt that it was a great experience with good service

Great research. Nicely done.

Thank you for making this video.

Honey wake up - new Asianometry video

@davidpawson7393

Ай бұрын

So original. Chinese?

Very well researched and presented!

Great job as always !

Reminds me of Adani group.Run for the hills.😂

Thanks for a clear, in depth and concise explanation of HNA Group's spectacular collapse during the pandemic lock-downs.

I like your conclusion about dodging oversight.

Extraordinary reporting thank you

Great video as always

Omg I’m amazed by the depth of information in this video

Hainan province was still 8-bit back in the 1990's 1:40

Wow, great presentation. Thanks❤

You’re the best ⭐️⭐️⭐️⭐️⭐️ all my family enjoy a lot your videos. Great research’s. thank you 🙏 and don’t stop, never!🇨🇦

Excellent explanation and a fascinating tale

I flew Hainan home from Shanghai and it was the best flight I’ve ever taken

Man, Ingram Micro is an OG computer company.... haven't heard them in like YEARS!!!

Thank you for the informative videos

HNA group and Adani group seem to have a lot in common, hopefully Adani group doesn’t end up having a tragic end too

I have once visited a small port on the far western side of Hainan island back year 2009 for business trip. Unlike major cities like Haikou and Sanya, as I recalled during the time, the major transporting vehicles on the Island are bicycles, and mini buses only use between remote villages.

@sepg5084

Жыл бұрын

That's nice. I'd use my bike everywhere if the infrastructure allow it.

@havencat9337

Жыл бұрын

lol....i lived there long time before covid and i can assure you its full of motorways that cross the island - all those are full of cars. In cities they do have tons of eBikes/motorbikes but theres plenty of cars. Also the island has a Hi-speed train going along the coast in a big circle connecting the cities on the beach. Very pretty island.

Impressive piece, Asianometry.

One more great professional presentation, Thanks

Love your videos, have been binge watching them. Especially your Singapore series as well as Chinese communist party history and politics series

A bit of an honest recommendation you may take a look into: try practicing your narration and/or adjust recording so that you dont end up with big inhales after every other phrase. It gets a bit distracting from what's anyhow an amazing presentation!

How do you research about these companies? I am curious.

Emmy award winning SEO Title. Props.

They also acquired United Stack through HNA Technology, which led to a knowledge drain of that company (about 65% of the employees resigned)

Awesome VERY informative video!

A very interesting post thanks Asianometry. It was surprising to hear that Hainan were able to mortgage their planes twice, if they could do that then why not go for a 3rd or even 4th time?

@CJTeh93

Жыл бұрын

Because the debts still appear on their balance sheet

@globalismoblackman

Жыл бұрын

Lol😂😅

@globalismoblackman

Жыл бұрын

@Peter Off balance sheet financing Lmao 🤣😂

Great research! Thanks

15:45 I used to fly on Comair back when I lived in Zimbabwe.

A very impressive and detailed corporate report. You guys should be teaching in MBA in Harvard or work Due Diligence for the big banks. I'm impressed beyond. I'm going to require my students to follow your reports and test them on how much they could understand it. You just won a new tribe.

@glenwjohnson809

Жыл бұрын

U'll be misleading ur students, these guys are lying but I know it won't matter as long they're saying bad things about China. 😂😂😂😂.

@lonhelloworld1601

Жыл бұрын

@@glenwjohnson809 care to expose some of the ‘lies’? Or you’re just gonna sit there spewing lies of your own? 🤡

One of the best channels on KZread

Anyone know what the black-colored craft is pictured at 7:55 ? Upper right side of screen? Giant Man-o-War jellyfish? Great video-study as always.

I have no idea how your mind can consume this complex mess and make sense of it. My head was spinning about 30sec in.

@H0mework

Жыл бұрын

Once you understand jargon of subjects you'll get it in no time as well.

@pinkipromise

Жыл бұрын

he outsourced to an intern

Can you make a clip on the national carrier PIA? It's fall from grace is depressing but teaches alot of stories.

Thanks Adam !

Hainan is a great airline. Flying with them twice monthly international flights, over a decade

4:08 I'm pretty sure using that image isn't intentional. The text is wrong with the character 南 missing the component ¥ which looks like the symbol for the RMB currency. I think its suppose to be a jab that Hainan has no money.

Good job Adam

A 31 minute A-om video. My Sunday is complete.

Around that Era, most commercial pilots were ex fighter pilots with limited English skills. Some planes had third young pilots who can communicate in English with the air traffic controlers.

HNA acquisitions were crazy.

I think I saw one of your videos before, the conglomerate from Korea, Daewoo? The founder was in very similar situation, borrow and borrow money lake crazy and at the end it was impossible to pay it back like in the case of HNA? Please correct me if I am wrong, thank you.

Great ! You make my day !

Amazing video 🙏

Wow! Great job explaining what unfortunately isn't unique. I had reason to look up the "South Sea Bubble" of 1720 recently. The similarities are striking. But this is on a scale several magnitudes greater. Sad that it can still happen. Thanks!

@francesconicoletti2547

Жыл бұрын

Well their is more money around today. The South Sea Bubble brought down a government.

@Fishmans

Жыл бұрын

In relative terms, the South Sea Bubble was way larger in magnitude. It peaked at several times the entire UK economy - that’d be like a $50t Chinese conglomerate collapsing.

@One90972

Жыл бұрын

@@Fishmans also it made UK withdrawal crown's debts that almost bankrupted it after the war for Spanish heritage.

@Zerpentsa6598

Жыл бұрын

This is small beer compared to the ponzi scheme the US government is running with the USD.

@globalismoblackman

Жыл бұрын

Evergrande is the modern day "South Sea Bubble"😅😂😂

Frankly also shown all those "genius" Western investment firms, blindly going along with a business plan they clearly knew nothing about (or if they did know, thought they could outsmart or profit of). I suppose it did work for some, but there's always somebody who is ultimately left with just the debt ...

@kittytrail

Жыл бұрын

that's what _finance_ is about. getting out before the fall and leaving the -retards- plebs investors to sink with the ship while still fleecing them... 😑

Ooh, an intern. Hitting the big time now!

It's like the back story to a sequel of the The Big Short.

Wow thanks for info, who’s known any things could happen in this world 🌎 😢😢😢very sad

15:44. There is a South African Comair but this is the logo for the CVG based Delta Connection Comair that flew only in North America.

Fascinating. Can't wait for the movie

Great recent history review

Love the way you put this together. Please make one on Adani group.

Quite good! Opacity + complexity + incredible leverage + fraud + Black Swan = party's over... Subcribed. First time viewer... SoCalFreddy (Enlightening... cautious tale when investing in other countries, especially this one)

I lived in China from 2011 to 2019 in several Pacific rim cities. I was amazed at the speed of development of China and made many friends there. Overall China is a great country but to discover how China works compared to western cultures would be an understatement. I saw the complexity of Chinese culture as over whelming since historically its cultural development is several thousand years old, meaning their way of doing things is ingrained into their DNA....something that westerners may misinterpret by a wide margin. I often questioned and was often puzzled by the speed of change and development....changes that would take place right before my eyes every single day...changes that would leave me scratching my head as to how they were happening.

@dmitrirudder4878

Жыл бұрын

To answer your question, fraud and government handouts to stimulate the appearance of growth

@AFlyingCookieLOL

Жыл бұрын

Anti China folks hate China regardless. Racist xenophobia is pervasive in youtube and can't even get abbreviations right.

@KanishQQuotes

Жыл бұрын

When bribe to ccp officials is written as a business expense, sorry but it is a crooked system

@globalismoblackman

Жыл бұрын

I visited China twice from the UK in 2017 and 2019 and I was puzzled and dazed by the dizzy exponential growth of their economy. Now I understand it was just a leverage house of cards waiting to collapse from an epic debt bubble of the century 😅😅😂😂

@MeiinUK

Жыл бұрын

Too many high level chiefs and no Indians. That describes them the best. And now. They are training backwardly highly skilled individuals for very low pay. What do you suppose will happen ? Social unrest and mortgage defaults are happening. Fake coins to move money around is created. Even at this stage.. they refuse to reform their society... It's too late now.

Deep understanding of the modus of many similar state-owned entities.

Good research.

How can you even run a company that complex? With so many parts and legal structure would you even have enough hours in the day to draw an org chart from memo?