Last night I went to watch the brilliant documentary “Lets make money” – an eye-opening well reasearched film by Austrian Director Erwin Wagenhofer. After his earlier mind-blowing documentary “We feed the world” where he traces the origin of food we eat (Every day in Vienna the amount of unsold bread sent back to be disposed of is enough to supply Austria’s second-largest city, Graz. Around 350,000 hectares of agricultural land, above all in Latin America, are dedicated to the cultivation of soybeans to feed Austria’s livestock while one quarter of the local population starves), Erwin Wagenhofer explores another sensible and very timely topic – the background/and backyards of neo-liberalism: what banks actually do with our capital.
Wagenhofer follows the tracks of money through the worldwide finance system. For example in the Costa del Sol region of Spain. Even though 3 millions (!) homes are standing empty, the building frenzy is still going strong after 18 years, spurred by the belief that real estate is a lucrative investment. Blown by the investment drive, there are over 800 golf-places along the beautiful Spanish coast in Andalusien which are not being used but being watered and require water sufficient for 16. Mio. people.
There are no expert comments in this documentary – Wagenhofer makes the “player” speak for themselves.
Here is the trailer with short interviews in German, English, Spanish and French, with German subtitles.
One of the investors, specialist for Emergin Markets points out that “you have to buy when there is blood on the streets” – he knows where and how to invest the funds, also our rent funds.
Another interesting figure is John Perkins, an American Economy Professor, World Bank specialist who calls himself “Economic Hit Man”, he explains in a clear and understandable way the American foreign policy from the different (insider) perspective. (more…)