This movie is a documentary that will likely cause you to consider taking all your invested income and put it under your mattress for safe keeping. You may have thought the 2008 market crash was bad but you just need to see this film to see how easily money can be taken from your mutual funds and pension investments to settle in the back pockets of Chinese capitalists and North American investors who are expert in shorting stock market investments. The film is scary to the max as you learn how ordinary people have been hurt by Chinese entrepreneurs who managed to fraudulently draw major investment into fake or nearly fake Chinese companies. The money lost by investors is in the billions and the scams are still going on. They take advantage of the deregulation of the stock market and the underfunding of the agencies set up to protect investors. This is an important film that deserves more attention but may very well not get it. Nonetheless it was interesting to see and the audience present for the screening were not just lefties like me but clearly many more well to do investors. The Q and A afterwards included the star of the film, an American investment company CEO who has lobbied hard to increase regulation but who freely admitted that he currently shorts these stocks and benefits from the lack of regulation. His opening line in the film is: “All the people in this film are evil…. Including me.”
Great stuff.
Movies: Rants and Raves 