How to Explain Enron to Your Kids

 

Feudalism – You have two cows. Your lord
takes some of the milk.

 

Fascism – You have two cows. The government
takes both, hires
you to take care of them, and sells you the milk.

Communism – You have two cows. Your neighbors
help take care
of them and you share the milk.

Totalitarianism – You have two cows. The
government takes them
both and denies they ever existed and drafts you into the army.
Milk is banned.

Capitalism – You have two cows. You sell
one and buy a bull.
Your herd multiplies, and the economy grows. You sell them and
retire on the income.

Enron Venture Capitalism – You have two
cows. You sell three of
them to your publicly listed company, using letters of credit opened
by your brother-in-law at the bank, then execute a debt/equity swap
with an associated general offer so that you get all four cows back,
with a tax exemption for five cows. The milk rights of the six cows
are transferred via an intermediary to a Cayman Island company
secretly owned by the majority shareholder who sells the rights to all
seven cows back to your listed company. The annual report says the
company owns eight cows, with an option on one more.

Gary”s EBooks

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 Gary has been a writer/ photographer for over 20 years, specializing in nature,landscapes and studying native cultures.Besides visiting most of the United States, he has traveled to such places as Egypt,the Canary Islands,much of the Caribbean. He has studied  the Mayan Cultures in Central America, and the Australian Aboriginal way of life.Photography has given him the opportunity to observe life in many different parts of the world!

He has published several books about the various cultures he has observed.

For more information and a link to his hard cover and Ebooks,and contact information: please check his website, http://www.journeysthrulife.com.

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A narrative about what life in The United States was in our golden era, and how it became what it is, and offering solutions to enable us to once again travel the path to freedom and self reliance.