Animal Farm | Jockey Club and the eighth wonder of the world!

Albano Martins

Mathematics teaches, as does common sense, that if a major investment of the magnitude of MOP1.5 billion is to be made in a company indebted by Mop1.44 billion, it will offset little more than the debt. From what is understood, it should be used first to pay down the debt. By installments, as we see! Such an investment-wonder! It will not provide much more than to paying the debts; unless, the debts really don’t exist!

The remainder, according to mathematics, has to come from the other side, for a project that nobody knows about at all but is promised to be the eighth wonder of the world, with respect to the seventh, not that I even remember what it is. But I guarantee that I am not it! Even my wife would attest to that!

This particular wonder, however, will last for another 24.5 years! Hallelujah!

What can be expected to be left of the 1.5 billion, or about 56 million, exactly?

Either I am very intelligent, or the 37 years I spent here have made me lose some of the faculties I had in my youth.

Let’s be clear and transparent, of course if there are debts, this seems like a methodical debt, I mean a methodical doubt that has been with me since the end of the Portuguese administration!

If you do not understand, it’s because you are not going to get there.

We have Lords here: people that could beat blind people and have no one going to their rescue!

Violence against poor people? We shall have none of this. It’s an assault against average intelligence. These people never lined up but put others in it! Do the math.

In the previous concession, the Jockey Club was required to have a capital of 3 billion patacas.

Today it looks like it just needs to hit 1.5 billion.

But slowly, very slowly! Now a question for mathematicians. Money depreciates, doesn’t it?

Three billion in 1999, to return there for a moment, is worth exactly how much today, knowing that inflation is constantly eating away at its value? If we use the official inflation or even deflation from that date until 2017, three billion only buys today the equivalent of 1,742,767,227 patacas!

Put the question another way, if the Government wanted the value invested by the Jockey Club to buy today the same as the 3 billion in 1999, how much would it have to ask the company to raise?

Well, 5,164,200,854 patacas!

But they are only asking for 1,500,000,000!

Poor people! These new rich are really so poor.

What about the Commercial Code?

It does not apply to these people!