schreef:
It didn’t believe in miracles, but now I do. So on Monday, a MoU is signed in China. On Wednesday morning, a journalist in Stockholm writes that “My contacts in Trollhättan said last night that the 270 million [Swedish Krona] from Chinese Pang Da are in Saab’s account.” So that would be Tuesday. Amazing. I haven’t seen a wire from China, or from Hong Kong, hit a European account within 24 hours. I must believe that someone in China gave Muller a huge suitcase full of cash. (Which he did properly declare when entering Sweden, I trust.)
I didn’t believe in miracles, but now I do. A Chinese car dealer wires $42 million on the basis of a MoU. It says that “some of the transactions following the MoU are subject to agreement on definitive transaction documents and certain conditions, which include consents from certain Chinese governmental agencies, the European Investment Bank, GM and the Swedish National Debt Office,” but the money is transferred nonetheless. I want to meet that dealer. I trust he has a long white beard and a halo.
I’m jealous. I have received many MoUs. They tend to elicit a predictable comment: “Not worth the paper they are written on.” In the import business to China “payment against documents” (i.e. cash for the bill of lading when the merchandise leaves port) are considered the best terms one can get. Usually, they want the stuff to arrive in Chinese port and clear customs before they pay – reluctantly. Suddenly, all of this has changed.
Please let this be true. Don’t ruin my new-found belief that there is a God.
And to all the detractors: If someone pulls off that kind of a miracle, then he deserves a bonus.