So I want out of this”. Then we see Trump with Alibaba’s CEO, and since by the end of the movie all things China have been cast as shady, crooked, and based on falsehoods, it makes it look like Trump is embracing and endorsing the lie. First launched at the Toronto International Film Festival in September, 2017, The China Hustle is a documentary film written and directed by Jed Rothstein, and distributed by Magnolia Pictures.Rothstein has made a number of important and interesting documentaries, with one of my favourites among his works being Shouting Fire: Stories from the Edge of Free Speech. Sorry, your blog cannot share posts by email. Instead, bankers used China-based companies to take investors for a ride. Coincidentally, the idea of the “American Century” came from Henry Luce of Time/Life fame, who was born to US missionaries…in China. HoloLens PC Mobile device Xbox 360 Trailer. Do you want them to reject capitalism? We are then informed that this might be the Chinese way of doing business, because there is a Chinese proverb—“in clear water, there is no fish”—which is oddly mistranslated by a supposed China expert as “muddy waters makes it easy to catch fish”. Watch offline. China Hustle was revealing in yet another disgusting mega-financial fraud perpetuated on the public. Shanghai Solutions buys its way into the Maggie Mining Co., effectively becoming the latter on stock markets. The results were that the company was only doing 10% of the business they claimed. Finally, a question of journalistic ethics: at one point in the film, Wesley Clark refuses to participate any further, and clearly stated he did not want to be part of the film. In addition, the investigators hired a fake tea salesman who went to the factory to distribute tea samples to employees. Ten portal używa plików cookies w celu poprawienia jego funkcjonalności. What the filmmakers did not consider, apparently, was how this presentation placed them and their own honesty and credibility in doubt, and when dealing with such sensitive topics of veracity and opacity, that is not the kind of mistake they should be making–or to be politic about it in an American way, it’s not the kind of mistake you want to be seen making. Add to Wish List. About this Movie. How to get in on the Chinese Dream? However, one way to avoid the necessary audits, in the US, is through “reverse mergers”. Between 2006 and 2012, over 400 Chinese companies were listed on US stock markets; 80% of those US-listed Chinese companies were the product of reverse mergers. W razie jakichkolwiek wątpliwości proszę o kontakt. Serwis udostępnia jedynie informacje o filmach oraz serialach takich jak: tytuł, gatunek, rok wydania, opis, reżyser, aktorzy oraz przykładowe zdjęcia. The more important (and legitimate) point, and it’s one that applies anywhere is: opacity creates opportunity. The China Hustle Year 2017 Genre Documentary Type Movies IDMB rating 7.2 (2881 votes) Netflix rating 7.1 Metacritics rating 67.0 Rotten Tomatoes rating 78.0% Directors Jed Rothstein Actors Maj Soueidan, Soren Aandahl, Carson Block, Dan David, Matthew Wiechert, Pat O'Brien, Pat O'Brien Some years later, Luckin Coffee’s multi-billion-dollar collapse alerted investors to the prospect of a new kind of hustle. The resulting Black Legend (seductive because it contained kernels of truth) imprinted itself in the minds of the public in Europe and North America for generations, even distorting scholarship which easily bought into the myth of indigenous extinction, of natives wiped out altogether by the Spanish in the Caribbean. Sitting at his desk, the portly hedge fund manager who boasts of managing millions of dollars and is part of the international jet set of investors, feigns sadness that he could not have remained in dear old Flint, working in “the plant” for the rest of his life, and he drops his head with a sad little tightening of the lips. Żaden z prezentowanych materiałów nie jest hostowany na serwerach zalukaj-cda.pl. Or is it that you want them to be the only successful capitalists (the exceptionalist theme), and the Chinese can go back to filling their stomachs with dirt? Thus the scam passes under cover. But he refused to offer more details about the programme.”…, Pingback: Documentary Review: “Inside Job” is Still Relevant – ZERO ANTHROPOLOGY. More Details. What smart US scammers realized is that not only capital and production could be relocated offshore, you could also offshore crime. The company and its roughly 40,000 employees manage the power supply and distribution network to homes and businesses across the province, a task that Cheng said they were able to do to higher standards thanks to the surveillance technology. This sham had overvalued assets and overstated revenue, by as much as 27 times. Cały film The China Hustle bez limitu dostępny na naszej stronie Zalukaj-cda. He’s trying to define capitalism in modern terms. There are no good guys in this story, not even the story tellers. Yet the filmmakers kept the material they recorded with him nonetheless, despite the fact that he is a private citizen and not a public official who is expected to fulfill his duty to give an account to the public, they proceed to exploit that footage. Corruption is a word associated with both the Chinese government and the American stock exchange, and in “The China Hustle,” director Jed Rothstein demonstrates the devastating effects when two corrupt systems cross-pollinate. From that, viewers are asked: “What is capitalism?” We are told that capitalism rewards hard workers—not necessarily true, not necessarily false either, but in the US today there is far more evidence to suggest that those working hard are either poor or skirting the edge of poverty. What he found was an underdeveloped, primitive operation, a facade almost; half the machines were broken, it seemed to be mostly a garbage dump. Description. 2017 | 7+ | 1h 24m | Political Documentaries. Unfortunately, without a star-studded cast, the average investor won’t know about the way short-selling of China-based stocks will effect their portfolio until its too late. Still from The China Hustle showing a page from an investigative report into a paper company in China, as produced by Carson Block. THE CHINA HUSTLE. Wszystkie prawa zastrzeżone Uwaga! How many Americans have $150,000 to invest, to begin with? The film fits squarely into the trendy subgenre of financial corruption documentaries that have propagated since the 2008 housing crisis. Ill-advised financial maneuverings didn't end with the 2008 market crash. Otherwise companies can also coopt auditors, or they can hire US legal firms, like Loeb & Loeb, to slam any detractors. Thus we hear first from Richard Nixon, with words spoken at the toast in Peking on February 21, 1972, during Nixon’s history-making tour of China, to which we owe so much of our present global reality: “So, let us, in these next five days, start a long march together, not in lockstep, but on different roads leading to the same goal, the goal of building a world structure of peace and justice in which all may stand together with equal dignity and in which each nation, large or small, has a right to determine its own form of government, free of outside interference or domination”. I very rarely recommend that you watch a youtube video, but take a moment to watch this one. Home of Dan David’s GeoInvesting? An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of. Find out where to watch online amongst 45+ services including Netflix, Hulu, Prime Video. (Not even the story itself, or the story tellers, end up being the good guys, for the reasons discussed below.) Investors on the fringes of the financial world feverishly seek new alternatives for high-return investments in the global markets, and have found a goldmine in China. Dan David. Ep.65 – The China Hustle The new documentary film The China Hustle begins amid the depths of the 2008 financial crisis, when we meet protagonist Dan David and a band of Wall Street outsiders. How are ratings calculated? Roth organized “conferences,” with erotic dancers, rivers of alcohol, Snoop Dogg, Billy Idol, you name it, for its extravaganza in Orange County. The new documentary film The China Hustle begins amid the depths of the 2008 financial crisis, when we meet protagonist Dan David and a band of Wall Street outsiders. President-elect Donald Trump and Alibaba founder and CEO, Jack Ma. Available to download. {click to enlarge}. We face a “New China Hustle” of falsified growth and management acting in bad faith. Journalists have no such qualms apparently. A similar move would be to research the US economy by reducing it to the operations of a handful of crooked used car dealers—while never mentioning that the US built Ford, GMC, Chrysler, and so forth. These are some of the key questions that we are made to entertain in watching this rather entertaining documentary—The China Hustle—one which has some seeds of wisdom but little water to help them sprout, and not a small number of fatal contradictions. This is where two of the main US villains in the film come in: Roth Capital in California which listed small Chinese companies on US stock exchanges, and Rodman & Renshaw in New York, which for several years was chaired by General Wesley Clark, who also appears in this film. Is The China Hustle streaming? Chinese companies avoided the audits necessary to be listed on stock exchanges—this is what the film narrative first tells us, later changing the story to one where the audits were always done, but the auditors were lazy, or crooked, or both since they could be Chinese franchises. Covering up for this fraud, engineered on a global scale, is the Chinese state, shallow and poorly enforced American regulations, and a range of conspirators from hedge funds to politicians everywhere to auditors and banks. I think it’s just… it, it invites attacks on me. But why did you ask your viewers about capitalism? However this film goes too far in its final minutes, making it all seem like a fake. Then there are the retirees, who lost their savings in China. The China Hustle is a film that begins and ends in a pit of greed and contempt, charting how the financial crisis of 2008 and the rise of the Chinese economy played rather conveniently into one another and how a brand new variety of stock fraud is being committed on the American people. One thing this film does avoid, though it seems tempted a number of times, is to locate all lying in China, while painting Americans as innocent—it definitely showcases liars on both sides. “There is no doubt about its effect,” Cheng said.”. Available on. I’m trying to build a business. US president Richard M. Nixon toasts Chinese premier Zhou Enlai at a dinner in Peking in February, 1972. It’s a mistake for the people that depend on me. Then, falling outside of this pattern, Donald Trump is inserted, perhaps because Trump-bashing is politically expedient (and necessary) among filmmakers—and Trump’s quote bears little relevance to the ones preceding it (which also speaks to the problematic conclusion of the film, where Trump reappears as an implied conspirator). There are other reasons to be wary of this documentary, and its built-in slippery slope—sliding all too fast from questioning specific frauds, to making all of China look like a bastion of fraud. 5.0 out of 5 stars Everyone should see this compelling and easy to understand. Then there is Barack Obama, which the dim-witted right still believes was a “socialist,” only he was the kind who channelled Theodore Roosevelt: “So I believe deeply that the free market is the greatest force for economic progress in human history”. Believe me!”. The China Hustle. When viewing this film, keep in mind how much the central methodology of debunking Chinese companies involves judgments based on outward appearances. What if American politicians were revealed to be sleepy dopes who tacitly collaborate with their new economic patrons, the Chinese? In the US, between $20 billion and $50 billion have been invested in Chinese shadows, including mutual funds, pensions, and the like, which can affect small investors and ordinary individuals on the street. Dalsze korzystanie ze strony oznacza, że zgadzasz się na ich użycie. China Green Agriculture at its launch on the New York Stock Exchange. Here we hear Wesley Clark clearly: “I don’t think I want to be in the film. Or do you want them to be better capitalists? Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Pocket (Opens in new window), Click to email this to a friend (Opens in new window), Documentary Review: “The China Hustle” is a Problematic Cautionary Tale, Shouting Fire: Stories from the Edge of Free Speech, First of all, our markets are already open to China; this agreement will open China’s markets to us, I would call our relationship with China very positive and complex, So I believe deeply that the free market is the greatest force for economic progress in human history, I will make a great deal and lots of great deals for the American people, The U.S. and China Are Finally Having It Out, Progress, Progressivism, and Progressives, Book Review: Washington’s Long War on Syria, by Stephen Gowans, Documentary Review: “Inside Job” is Still Relevant – ZERO ANTHROPOLOGY. Rothstein has made a number of important and interesting documentaries, with one of my favourites among his works being Shouting Fire: Stories from the Edge of Free Speech. Yet, somebody is definitely building all those city-scapes in China, all the new skyscrapers and malls; someone is building all those new airports; some people must be manufacturing all those goods that the US and the world are importing; and, somewhere there must be real energy companies powering those factories. The documentary reveals systematic and formulaic decades-long securities fraud by Chinese companies listed on the US stock market.. To know how many samples to leave, he obtained the number of workers and found there was only one truck driver. Darmowa baza filmów i seriali. Oglądaj filmy i seriale legalnie bez żadnych opłat Administracja serwisu zalukaj-cda.pl nie ponosi odpowiedzialności za treści oraz komentarze publikowane przez użytkowników. The small investment shop he ran with his partner Maj had just been crushed by the stock market crash”—and that’s a problem. …”The technology is also in use at in Hangzhou at State Grid Zhejiang Electric Power, where it has boosted company profits by about 2 billion yuan (US$315 million) since it was rolled out in 2014, according to Cheng Jingzhou, an official overseeing the company’s emotional surveillance programme. Write a review. Speakers in the film—mostly journalists—comment on how China was seen as “this golden land of rapid economic growth,” with investment likened to a “gold rush”. One of the truest statements in the film, which is spoken right at the opening, is that, “there are no good guys in this story”. Perhaps when Dan David said there are no good guys in this story, he rather meant it in many more ways than we might imagine. Still from The China Hustle. There was a token effort by some of the principals to get the attention of Congress but there was little to no effort to involve the SEC or get them on camera as to their ignorance or non-action in this area. GeoInvesting is even more dedicated now to finding fraudulent practices & red flags as well as providing portfolio protection. by Dan David. Enter your email address to follow this magazine and receive notifications of new articles by email. Using the same ethnographic method (speaking loosely) that was featured in The Big Short, a number of different investors, hedge fund managers, and confessed short sellers, not only traveled to China to examine some of these companies in person, but eventually also to take them through short sales and by publishing reports about their inflated values. We come back to Donald Trump. Audits in China are done by supposedly reputable firms such as Price Waterhouse Coopers—except, we are told, it is actually Price Waterhouse Coopers China, a franchise—which is represented almost as if it were just another cheap, Chinese, pirated knockoff. It seems that little is done with the capital, in terms of actually increasing production, but instead the money is stolen. From the producers of Enron: The Smartest Guys In The Room comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. Żaden z plików nie jest hostowany na serwerach zalukaj-cda.pl. Film dostępny w najlepszej jakości HD. First launched at the Toronto International Film Festival in September, 2017, The China Hustle is a documentary film written and directed by Jed Rothstein, and distributed by Magnolia Pictures. I’ve got people that work for me. Rodman & Renshaw brought over 40 Chinese companies to US markets, with an aggregate value of over $31 billion. What if savvy American investors were actually shown to be quite naïve and gullible, even after everything suffered by so many during the 2008 financial crisis? One couple, in their late sixties, tells us that they had no retirement package, so they put all their money in a little known firm in China and lost $150,000. The China Hustle is a briskly paced, easy to understand, humanizing look at what is being called one of the biggest financial frauds in history. I’ve got a firm. Investors on the fringes of the financial world feverishly seek new alternatives for high-return investments in the global markets, and have found a goldmine in China. Next is George W. Bush making a statement that is presumably remarkable for being grammatically correct: “I would call our relationship with China very positive and complex”. The sign out front says “Don’s” and nothing about either Dan David or GeoInvesting—not good signs for a documentary that specializes in misleading outward appearances of business operations. With Herb Greenberg, Roddy Boyd, Alexandra Stevenson, Byron Roth. These detective-like investors operate on the fringes of the financial world, scouring global markets for money making opportunities. I owe them my best opportunity to give them a living. See All Buying Options. The China Hustle Trailer #1 (2018): Check out the new trailer directed by Jed Rothstein! Paul Gillis, professor at Peking University, compares China to the Wild West. Overview System Requirements Related. The China Hustle is not interested in offering a crumb of hope, thereby enabling the frustration it will inevitably arouse in viewers to dissolve into apathy once the … There are some moments that lack any authenticity, as when Dan David is reminiscing about life in Flint, Michigan, where he was born and raised and which is featured prominently in this film, as if appealing for applause from Michael Moore. VOD na życzenie. Whenever two empires, one in decline and the other on the rise, clash, we can expect there to be an intense amount of propaganda between the two sides, one trying to fend off what appears to be its irreversible decline, while the other tries to bolster what it believes to be its intended ascent. We are thus shown the base of Dan David’s “GeoInvesting” company, in what appears to be a rural warehouse in Skippack, Pennsylvania—not exactly Wall Street material, for a supposed hedge fund, despite the fact its website features the usual Wall Street iconography. Enter China, with its boom, its “exploding market” that had so many in the US confident that everything could only go up. US investors could not invest directly in China. Still from The China Hustle. The China Hustle may not have enough anger to wholly satisfy, but Jed Rothstein's slick documentary is an informative primer on financial fraud on a geopolitical scale. The film is definitely worth watching, but I would score it 6/10. Read critic reviews. The documentary opens with a series of emblematic statements by the traditionally representative tellers of falsehoods: politicians, specifically presidents. In fact, I’d go as far as to say Luckin’s the tip of the iceberg. The China Hustle - Trailer. {click to enlarge}. (This documentary review forms part of the political economy series on Zero Anthropology, where documentary reviews will now become a regular feature. Dan David for his part is not a professional actor, so he should not have been pressured into acting as if he could be one. Dan David, co-founder of GeoInvesting, is the first voice you hear in Jed Rothstein’s new documentary The China Hustle. To learn more about The China Hustle, visit our website today! These detective-like investors operate on the fringes of the financial world, scouring global markets for money making opportunities. {click to enlarge}. Still from The China Hustle. {click to enlarge}. {click to enlarge}. Banks like Roth and Rodman would then cash out, leaving others with overvalued shares. zalukaj-cda.pl © 2020 Biblioteka Filmów i seriali ONLINE. We are told in the film that as the dust of the 2008 financial crisis settled, “Wall Street had figured out a new way to package garbage as gold,” and it did so by, “engineering an enormous fraud that spanned the globe”. Still from The China Hustle. In the social sciences, we could never get away with this—when a research participant demands to withdraw, especially well before the research is complete or published, we are required to respect their wish, not use their data, and then destroy whatever data they have provided to us. I didn’t do anything wrong….So let’s, let’s just cancel this session, okay?…This is a mistake for me. Still from The China Hustle {click to enlarge}. When the film shows the office location, it is with this narration: “Dan’s part of the story begins here, far from Wall Street. The documentary features, among others, the work of investor/researcher Carson Block, who went to China to look at one of the pulp and paper companies traded by Roth Capital. The filmmakers let on as if they were anti-Trump, which is ironic since the documentary echoes one of his favourite themes in railing against China and all its “cheaters”. What if short sellers could also be saviours? The China Hustle on IMDB Score : 6.8 of the 10 An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of. Thus China Green Agriculture, listed on the New York Stock Exchange, was placed illegally under camera surveillance by a hedge fund for 344 days, which found little activity at the factory that allegedly produced “green” fertilizer in massive amounts. With that much disposable cash, why did they not have a registered retirement savings plan? From the producers of ENRON: THE SMARTEST GUYS IN THE ROOM comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. {click to enlarge}. Think of a reverse merger as a parasite buying the body of its host, or, less dramatic, as a tenant buying out the landlord. Oglądaj na czym chcesz. This hurts. And, this doesn’t help. We are reminded that in the build-up to the mortgage crisis, ratings agencies disguised crappy mortgage bonds. Top positive review. We are also told that capitalism rewards scammers—also not necessarily true: it only rewards the smart scammers. The China Hustle is a 2018 finance documentary produced by Magnolia Pictures and directed by Jed Rothstein. We are then reminded of an old joke on Wall Street: “This time it’s different”—and with that, the suggestion of a coming financial crash when the bubble of overstated Chinese growth is burst. Optimizing things to a higher level has been enabled by some new tech-, http://www.scmp.com/news/china/society/article/2143899/forget-facebook-leak-china-mining-data-directly-workers-brains. After praying, begging and demanding that China adopt capitalism, it finally did. Where it lacked was in resolution. What started off looking like the world’s new “El Dorado” ends up looking like a toxic sinkhole that robs investors blind. Rent $3.99. In New York, Rodman & Renshaw was more stuffy and staid, offering conferences that featured Henry Kissinger, Bill Clinton, George W. Bush, Colin Powell—the usual rent-a-names. Stay tuned for more reviews to come in the near future.). Instead, the film shows Trump signing a deregulation executive order, as if that would directly cause more Chinese firms to enjoy greater financial loopholes in the US—it is suggested, implicitly, but certainly not demonstrated or documented. While it’s not clear that the documentary being reviewed is part of a propaganda campaign, it is a possibility to which we must be alert. At its most basic, and as represented in the clips assembled below (which you are free to share), the documentary is about how shady Chinese industrial corporations, which are little more than a façade, get listed on US stock exchanges and inflate the size of their holdings, revenues, and output in order to attract American investors. In China, it’s not illegal to steal from foreign investors. The China Hustle is a 2017 finance documentary produced by Magnolia Pictures and directed by Jed Rothstein. Rating: 8.5/10 Yet scamming is the core of this documentary. It would be like saying that in terms of communications technology, what the US has to offer is a bunch of ham radio operators and CB enthusiasts who drive trucks—while never mentioning IBM, Microsoft, Apple, Silicon Valley.
Matthew 22:37 Meaning, Jeff Richards Ggv Capital, What Did Tommy Collins Die Of, Dad And The Dinosaur, Dwayne Johnson New Movie 2020, Gavin Baxter Astro, The Long Dream, The Skyline Problem Leetcode Python, New York Color,