Explain to me this Enron thing

in #enron5 days ago

My wife sent me a video about this miraculous egg that could provide power for a home for 10 years. Something the size of a backpack? Wait... Enron?


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Those old enough

The name rang a bell so I went into the googles (as us boomers call it) and verified my suspicion. It turns out Enron was the company that went belly up all those years ago that showed America the true depth of white collar crime.

You know, it seems like a lifetime ago at this point, and it probably is. That being said, there are lessons here we as a society never truly learnt, and that is quite apparent.

But I do have to ask....

What is the joke?

Yes, this a big elaborate joke that some people with a lot of time and money, apparently, decided to work on to __________ fill in the blank.

I don't truly understand what's to be gained from this elaborate rouse, and.... I want in on the joke.

I feel like I'm being left out of an important message, because there is no way this was done for shits and giggles, there has to be more it.

A new element?

I'm not going to sit here and say I knew it was a joke from the start. The videos, available all over the place it seems, are done without a concern for costs. The props look great, and the actors do a pretty good job, I have to say.

But, if you read into their explanation of "how it works" and you learn that they've discovered Enronium and this discovery has allowed them to make their magical eggs, you should, like me, do the Phill Collins eyebrow face right away. (dated reference, I know).

Now...

Let me in on the joke

I wanna know why. I wanna know what can be gained from this, and who is truly behind it, because some deep pockets had to be involved.

Don't worry. I'm not about to start wearing tin foil hats or nothing, but I'm also not going to pretend this is just another day of the week either.

MenO

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Looks like it started off legit, then they started using shady practices and by 1996 there were signs of accounting fraud. 'Enron's stock price increased by 56% in 1999 and 87% in 2000, significantly outperforming the market'* It seems to be a cautionary tale about making things appear better than they are.

there's a movie about this, I think I remember it....

I've no idea what this is about, but I remember them going bust. There are so many scams around. It's not that long since the Theranos one that took in lots of people. Bold claims need evidence.

Thats what Im feeling... Theranos 2.0 thing happening here.