Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
http://china.dwnews.com/news/2013-12-16/59357811.html
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TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption.
Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys.
O
M
G
!
!
!
TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption.
Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys.
What next? Rickrolls?
Real Google translation of the linked story:
Quote
Shanxi Luliang had 70,000,000 richest man on the verge of bankruptcy daughters married
Big in small 2013-12-16 12:09:11 forwarded Twitter Facebook Print contributor Newsletters
[News] multidimensional Luliang, Shanxi coal bosses richest man is Libin had "70 million daughters married," a sensation, but recently, he was broke liabilities of 20 billion Libin brink of bankruptcy, its legendary bubble finally burst.
The 46-year-old Luliang City of Shanxi Liulin Libin is leaving town reputation who is currently the Chairman of the Board of Directors of Shanxi Liansheng Group. In 2011 Forbes China rich list, with 4.48 billion yuan in personal wealth ranked No. 244. 2012 but had denounced Rmb70m heavily (1 U.S. dollar equals 6.1 yuan) is the daughter of lavish marriage and "cabbage price" to buy the mine incident caused concern.
Xing Libin Liansheng Group is the largest private enterprises in Liulin County, Shanxi is also the largest private coal company, under the jurisdiction of Shanxi Liansheng Energy Limited and its holding of a number of investment companies under the number of coal mining enterprises, equity holding mine 38 a total capacity of nearly 4,000 tons.
According to " Money Weekly "reported on December 16, November 29, Liulin County, Shanxi Province People's Court held a news conference to announce the acceptance of Shanxi Liansheng Energy Limited and its companies, 12 companies under the jurisdiction of the restructuring application.
Liulin according to data released by the People's Court, the current financial position of the Group worrying Liansheng, financial liabilities of nearly 30 billion, debt settlement has basically lost the ability, and facing unpaid tax, employee pension insurance, engineering models, materials, equipment, etc. a number of financial issues. Among them, the Lend Lease Group has secured relationships with more than 10 private enterprises, the scale of credit funds owed more than 20 billion.
According to earlier media reports, in order to provide over Liansheng CDB loan institutions, including country, Merchants Bank, Bank of Communications, China Merchants Bank and State Road branch in Taiyuan, Taiyuan Wuyi Road Branch of Huaxia Bank, Shenzhen Development Tianjin Binhai Branch, Willows credit unions, etc. and Beijing Trust nearly 50 billion yuan, Shanxi Trust one billion yuan, the investment trusts one billion yuan, Jilin Trust one billion yuan.
In early August of this year, Lend Lease Group fortune in Liulin County, Shanxi Coal Industry Bureau of Du Yanbin open to the media broke the news, many coal prices in the Willows, Lend Lease Group had the worst day, even bluntly, "It started from July 2011 arrears of wages, the wages currently issued only to July 2012. " In other words, Xing Libin has more than a year overdue wages.
For most people, know the Shanxi coal suppliers Xing Libin, because he was in early 2012, in Sanya, Hainan threw $ 70 million, to the daughter to do his best in a luxurious wedding. After the wedding, about coal's source of wealth, lifestyle, had set off a vigorous discussion.
But for the purposes of financial institutions, the richest man in Luliang, was already a spent force. Coal prices continue to decline, the Lend Lease Group Libin, the situation began to wage arrears. Lend Lease has a lending relationship with the Group's banks and trusts, have started to care about the solvency problem Liansheng.
By now nearly two years, has finally admitted that he Libin insolvent.
Debt ratio continued to soar
Yang Libin contracting ironworks which started in 1990, the pot of gold from the gold leasing business of Liulin coal Township Office, Xing Libin of mine made a major technical innovation, its production capacity from 100,000 at the beginning of the lease tons to the current 60 million tons.
After a series of mergers and acquisitions overwhelming to start, Xing Libin Lend Lease Group's asset size and single-handedly built the rapid expansion and jumped the richest man in the Willows, the scale of its assets are second to none in the whole of Shanxi Province.
Coke Enterprises has been claiming to build "aircraft carrier" of Lend Lease Group, the pace of expansion has never stopped. After 2002, he worked in equity, mergers and acquisitions and rental, etc., took place about half the Willows and collective coal mines.
And behind this expansion requires a series of large-scale steady stream of financial support, in concept Libin, relying on debt to make an inventory of assets leveraging funds undoubtedly is a very viable path.
Opportunities coal restructuring also allows Liansheng Group in the major financial institutions seem hot, so we see a lot of banks, credit unions name appears in the list of co-Liansheng Group.
Big in small 2013-12-16 12:09:11 forwarded Twitter Facebook Print contributor Newsletters
[News] multidimensional Luliang, Shanxi coal bosses richest man is Libin had "70 million daughters married," a sensation, but recently, he was broke liabilities of 20 billion Libin brink of bankruptcy, its legendary bubble finally burst.
The 46-year-old Luliang City of Shanxi Liulin Libin is leaving town reputation who is currently the Chairman of the Board of Directors of Shanxi Liansheng Group. In 2011 Forbes China rich list, with 4.48 billion yuan in personal wealth ranked No. 244. 2012 but had denounced Rmb70m heavily (1 U.S. dollar equals 6.1 yuan) is the daughter of lavish marriage and "cabbage price" to buy the mine incident caused concern.
Xing Libin Liansheng Group is the largest private enterprises in Liulin County, Shanxi is also the largest private coal company, under the jurisdiction of Shanxi Liansheng Energy Limited and its holding of a number of investment companies under the number of coal mining enterprises, equity holding mine 38 a total capacity of nearly 4,000 tons.
According to " Money Weekly "reported on December 16, November 29, Liulin County, Shanxi Province People's Court held a news conference to announce the acceptance of Shanxi Liansheng Energy Limited and its companies, 12 companies under the jurisdiction of the restructuring application.
Liulin according to data released by the People's Court, the current financial position of the Group worrying Liansheng, financial liabilities of nearly 30 billion, debt settlement has basically lost the ability, and facing unpaid tax, employee pension insurance, engineering models, materials, equipment, etc. a number of financial issues. Among them, the Lend Lease Group has secured relationships with more than 10 private enterprises, the scale of credit funds owed more than 20 billion.
According to earlier media reports, in order to provide over Liansheng CDB loan institutions, including country, Merchants Bank, Bank of Communications, China Merchants Bank and State Road branch in Taiyuan, Taiyuan Wuyi Road Branch of Huaxia Bank, Shenzhen Development Tianjin Binhai Branch, Willows credit unions, etc. and Beijing Trust nearly 50 billion yuan, Shanxi Trust one billion yuan, the investment trusts one billion yuan, Jilin Trust one billion yuan.
In early August of this year, Lend Lease Group fortune in Liulin County, Shanxi Coal Industry Bureau of Du Yanbin open to the media broke the news, many coal prices in the Willows, Lend Lease Group had the worst day, even bluntly, "It started from July 2011 arrears of wages, the wages currently issued only to July 2012. " In other words, Xing Libin has more than a year overdue wages.
For most people, know the Shanxi coal suppliers Xing Libin, because he was in early 2012, in Sanya, Hainan threw $ 70 million, to the daughter to do his best in a luxurious wedding. After the wedding, about coal's source of wealth, lifestyle, had set off a vigorous discussion.
But for the purposes of financial institutions, the richest man in Luliang, was already a spent force. Coal prices continue to decline, the Lend Lease Group Libin, the situation began to wage arrears. Lend Lease has a lending relationship with the Group's banks and trusts, have started to care about the solvency problem Liansheng.
By now nearly two years, has finally admitted that he Libin insolvent.
Debt ratio continued to soar
Yang Libin contracting ironworks which started in 1990, the pot of gold from the gold leasing business of Liulin coal Township Office, Xing Libin of mine made a major technical innovation, its production capacity from 100,000 at the beginning of the lease tons to the current 60 million tons.
After a series of mergers and acquisitions overwhelming to start, Xing Libin Lend Lease Group's asset size and single-handedly built the rapid expansion and jumped the richest man in the Willows, the scale of its assets are second to none in the whole of Shanxi Province.
Coke Enterprises has been claiming to build "aircraft carrier" of Lend Lease Group, the pace of expansion has never stopped. After 2002, he worked in equity, mergers and acquisitions and rental, etc., took place about half the Willows and collective coal mines.
And behind this expansion requires a series of large-scale steady stream of financial support, in concept Libin, relying on debt to make an inventory of assets leveraging funds undoubtedly is a very viable path.
Opportunities coal restructuring also allows Liansheng Group in the major financial institutions seem hot, so we see a lot of banks, credit unions name appears in the list of co-Liansheng Group.
Final straw, click ignore.
