Chapter 369 Dark History

Berian's proposal caused a stir among the upper echelons of Lion City, but the news was limited to Lion City.

Even because of PAP's control over the news, except for the first day when it appeared on the main pages of the Lion City media, the news could only appear in the margins even in Lion City afterwards. Except for a few extremely sensitive people who would feel it, most people would actually just treat it as an ordinary news even if they saw it.

Is there anything strange about MPs submitting bills?
I can't even explain the difference between WP and PAP.

Artificial intelligence technology is developing rapidly, but there have been no landmark events recently.

So when Chen Yuanguang asked this, Lin Jia felt a little strange:
"Why are you asking this question all of a sudden? Is there any new progress in artificial intelligence technology?"

Chen Yuanguang shook his head: "No, I just wonder if artificial intelligence, when it develops to a certain stage, will it coexist peacefully with humans or will it kill humans off."

Even four hundred years into the future, there is no specific answer. Chen Yuanguang does not expect Lin Jia to come up with any eye-opening answer.

“I don’t know. From what I know, I can only say that if humans are killed by artificial intelligence, then I believe that humans as a species have no value in existence.

Only then would an absolutely rational machine life make such a decision. "

Chen Yuanguang reminded: "There is another possibility that artificial intelligence will also develop emotions, and artificial intelligence with emotions is not as absolutely rational as you think."

"Then I have even less idea." Lin Jia shook his head.

Chen Yuanguang remained silent.

At this time, all the news push in Lion City is:
"Unprecedentedly, the National Assembly passed the Corporate Governance Ordinance in the third reading"

“Temasek’s private exemption has been revoked, with sources saying this is the first shot fired at the PAP.”

The Enterprise Management Ordinance was passed by Congress in its third reading with an overwhelming majority, shocking everyone who knew the inside story.

There are individuals who betray their class, but I have never heard of a class betraying its interests.

This was undoubtedly a collective betrayal by PAP members, but there was no news of it before.

For major events like this, generally speaking, either the local media gets wind of the news and leaks it, or makes some vague but specious remarks on social media.

Or it could be foreign media reporting the news. International media giants with strong credibility such as Bloomberg, Reuters and AFP are suitable for doing this kind of thing.

But this time there was no warning beforehand, it was like a bolt from the blue, shocking everyone with a little political awareness.

When unrealistic events occur in the real world, it means that there is a supernatural force behind them.

The most likely person who can possess supernatural powers in Lion City is America.

America has the strength and motivation. If America can reap Korea and Japan, why can't it reap Singapore?
Perhaps this is a new harvesting method developed by America, and it intends to experiment in a tiny country like Singapore.

That afternoon, all the legislators who voted in favor of the regulations posted on their Facebook pages with similar messages.

To sum it up in one sentence, I am fed up with what PAP has done and I want to quit PAP.

These Facebooks have created a real tsunami.

Even the most obtuse Singaporeans knew something was wrong after seeing this. The departure of so many members meant that this was the first time that PAP had lost Parliament since leaving Malaysia.

Even the Chinese bloggers were aware of the coming storm. Many bloggers said on Weibo that something big was coming.

Bloggers like Feng Ge who are eager to create chaos in the world publicly stated: "My visa to Singapore has not expired yet. I have already bought a flight ticket from Shenhai to Singapore tonight. I will bring you first-hand reports from Singapore when the time comes."

This is even more true in Singapore. In the Lianhe Zaobao work line group:

"You know what they mean by what they did?"

"I don't know what else the PAP has done that has angered the people."

"Among these people are MPs who have been members of the PAP for more than 40 years. What happened?"

“It’s not just senior PAP members, it even includes former ministers.”

As a new immigrant in Singapore, Wang Renkang watched his colleagues in the work group discussing heatedly, but he had no idea who they were talking about.

But not long after, the entire LINE group was disbanded. Before the disbandment, it only posted one sentence: "Lianhe Zaobao will not send anyone to attend the press conference held by Wang Yikang and others."

After Wang Yikang's press conference, evidence of PAP's surveillance of people from all walks of life in Singapore began to be uploaded intensively to WikiLeaks.

As the incident further fermented, a Chinese financial blogger directly criticized it on Weibo:
"Lion City, I said that the China Aviation Oil incident was not that simple. At that time, everyone thought that these international giants were too powerful and we could not beat them. Looking back now, it is really not that simple. All the cards of China Aviation Oil were exposed by Temasek to Goldman Sachs and Mitsui. In the end, they came out to play the good guy. Others looked at their cards and played with you. It would be a miracle if you could beat them.

In 04, China Aviation Oil suffered a huge loss of 5.5 million US dollars due to shorting oil prices. This incident caused a sensation at the time. You can imagine what 04 million US dollars in 5.5 meant.

Looking back later, I found that it was Mitsui and Goldman Sachs who manipulated the situation and pushed China Aviation Oil into a dead end step by step. But now I see that it was not because of how powerful Goldman Sachs and Mitsui were.

Since China Aviation Oil's headquarters and registered address are in Singapore, Mitsui and Goldman Sachs have been providing China Aviation Oil with detailed information on decision-making among senior executives for a long time since they started planning for the company.

To put it simply, China Aviation Oil had almost 100% monopoly over China's imported aviation petroleum business at that time, with total trade volume of US$04 billion in 19. If China's economic development is optimistic in the long term, then China Aviation Oil's prospects are limitless. After all, this is a passenger aircraft market with 13 billion people, and you can imagine how huge the monopoly on aviation gasoline business would be.

Obviously, Goldman Sachs had its eyes on this piece of Tang Monk's meat. It was not enough for Goldman Sachs alone to focus on it, because at that time foreign capital was integrating the soybean market and trying to manipulate China's soybean market to gain pricing power for soybeans. Therefore, if Goldman Sachs intervened directly, it would obviously arouse China Aviation Oil's vigilance.

Therefore, as a market maker, Goldman Sachs is only providing a short-selling platform to China Aviation Oil, while the real counterparties of China Aviation Oil are Mitsui and J.Aron, and the parent company of J.Aron is Goldman Sachs.

Finally, China Aviation Oil was forced into a dead end by Mitsui. Mitsui Energy Risk Management Company began to force the liquidation, officially issued a letter of default, and urged the payment of margin. In the following two days, China Aviation Oil was forced to implement partial liquidation at historically high prices. For the first time, the book loss turned into an actual loss of US$1.32 million. By the 25th, the actual loss reached US$3.81 million. In November, China Aviation Oil applied for a suspension of trading in Singapore, and the next day officially announced to the market that it had lost US$11 million and had a potential loss of US$3.9 million, totaling US$1.6 million.

同年在三井的日文官方网站上,一份关于公司盈利情况的报告显示,总部位于英格兰的三井能源风险管理公司在2005年的财政年度(2004年4月-2005年3月)的利润是467亿日元(约4.5亿美元)。对照同年中航油的亏损为5.5亿美元。

The real purpose of Mitsui and Goldman Sachs was to achieve controlling stake in China Aviation Oil and control the lifeline of China Aviation Oil. However, the final outcome was that the Chinese government admitted its loss and would not let the two companies in even if they had to pay compensation. Instead, they chose to let England Petroleum and Temasek enter the market and become its shareholders.

Temasek held 2.35 million pounds of shares in English Petroleum and was the final winner in this competition, eventually acquiring 5500% of CAO's shares for US$25 million. Looking back at it now, this price is simply a bargain.

Back then, people would think that Mitsui and Goldman Sachs were ruthless, but now looking back at the revelations from within Lion City, you will find that you were clearly being set up on someone else's turf. Lion City has been leaking information about China Aviation Oil's senior management to Mitsui and Goldman Sachs, resulting in all of China Aviation Oil's risk control behaviors during the entire futures trading process being predicted in advance by Mitsui and Goldman Sachs.

Mitsui and Goldman Sachs, who had predicted your move in advance, took advantage of human nature and continued to push up the sunk costs of China Aviation Oil, making the other party want to gamble on a comeback. Eventually, after the losses piled up to US$5.5 million, the company was forced to sell its entire stake to Temasek.

Goldman Sachs and Mitsui obtained funds, Temasek obtained equity, and only the old Chinese suffered losses, which can be regarded as one of the sky-high tuition fees paid in the early years.

The result of the trench also contains such inside information. It happened in 2005, and it has only been 22 years. Whether we can seek compensation across time and space, we must make Temasek, Goldman Sachs and Mitsui spit out the money! "

(End of this chapter)

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