goldfish21
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Age: 42
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Location: Vancouver, BC, Canada
09 Apr 2018, 12:43 am
It's a new documentary by the guys who did "Enron: The smartest guys in the room," and I want to see it. It had one showing in Vancouver last month so I'll probably have to find it online.
Here's the trailer:
Forbes calls it the most important film of 2018:
https://www.forbes.com/sites/markhughes ... 15bd703357
And here's an excerpt from the article that explains the gist of The China Hustle:
Imagine you do lawn work for a living, mowing yards and trimming hedges and whatnot. Let's say you work on maybe 10 yards per week, to keep it simple, and let's say you have one or two people who help you do the work.
Okay, now imagine someone comes to you from another country -- let's make one up, the imaginary country of Fraudland -- and they tell you, "Hey, I can put your company on the stock market in Fraudland, and make you rich." This obviously sounds good to you, so they continue to explain how it works: "To do it, you have to be tied to a company in Fraudland, so you'll merge with an old defunct paper company and then change its name to your own company's name. Then we can put you on the stock market in that country, and we'll get investors and banks etc there to recommend your company stock, we'll say you're ten times bigger than you are and that you do 1,000 yards per week, and we'll drive up the stock price and inflate the value of your company."
If at that point you got worried about going to jail because it all sounds illegal, you'd be perfectly reasonable to think so. But that's the punchline to the whole plan, they tell you: "If we get caught, the banks and firms there in that country will pay some fines, but you'll still get rich and you can't go to jail because here in your country it's not illegal to defraud and take the money from those investors in Fraudland. There's no reason not to do it!"
This could be hundreds of Billions of dollars huge.. and could affect the investments and pension plans of almost everyone. Obviously some people are going to be more affected by it than others depending on their level of exposure to worthless fraudulent investments and when they get discovered & implode in value. This is going to be a big deal.
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for supporting trump. Because doing so is deplorable.goldfish21
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Age: 42
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15 Apr 2018, 1:44 am
Just watched this. It was pretty good but I kind of wish I had t read the review beforehand as it gave away too much info. It was still good, though, and it’s a very, very, big problem.. at least tens or hundreds of Billions of dollars, but possibly more than a Trillion depending on just how much activity by Chinese companies on US stock markets is outright fraud. A lot of people are going to lose a lot of money over this in the long run. Individuals, pension funds, everyone.
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for supporting trump. Because doing so is deplorable.Sweetleaf
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15 Apr 2018, 11:09 am
goldfish21
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Joined: 17 Feb 2013
Age: 42
Gender: Male
Posts: 22,612
Location: Vancouver, BC, Canada
15 Apr 2018, 11:45 am
I'll probably watch this though, as the description has intrigued me.
Spoiler alert: Republicans and Democrats are all greedy.. but none so much as the current batch of Republicans working with Trump & Co.
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