“The China Hustle” Exposes Mega Scam

henrymakow.com — May 2, 2018

The film, “The China Hustle” is an eye-opening view of how the quick-witted shear the innocent sheep in the stock market.
After the credit crunch in 2008, hundreds of two-bit Chinese companies listed in the US and lied about their revenues and growth. US banks, accountants, and lawyers were happy to keep their secret and take their cut. The stock exchanges did no due diligence and the SEC was toothless. The house of cards collapsed when the promoters got wind of the fraud and went short. They set up cameras outside factory gates to monitor actual activity. Small investors lost an estimated 40 billion.
In China, it is legal to rip off foreigners. This gives substance to Trump’s efforts to rein China in.
The best part of ths documentary is seeing Ret. General Wesley Clark lose his cool when he is exposed for being part of the scam. He lent his credibility to these promoters for a fat fee. The most heart-rending part is the interviews with the people who lost their nest egg. The doc is on Netflix

Review: ‘The China Hustle’ Is The Most Important Film Of 2018

by Mark Hughes — (abridged by henrymakow.com) 

The China Hustle‘The most important movie of 2018 is one you may not have even heard of. But it’s a story that could be directly affecting you, endangering your financial stability and your future. If you have a 401(k) that’s lost value, or if you’ve lost a portion of your pension, there’s a chance this picture explains part of the reason why. The film is The China Hustle, and it is a klaxon warning of potentially impending economic disaster
From the producers of the Oscar-nominated Enron: The Smartest Guys In The Room, The China Hustle is directed by Jed Rothstein, director of the Academy Award-nominated documentary Killing in the Name. This isn’t an exposé of a foregone scandal, mind you, but rather an ongoing one with major implications for our economy and that of China. Whatever short-term financial gains exist for the businesses, banks, auditors, lawyers, and others involved in perpetuating or benefiting from the practices outlined in the movie, the long-term damage won’t be limited to investors who get fleeced, and will instead inevitably implicate and harm entire sectors of both nations’ economies while destabilizing trade and banking for years.

HOW THE FRAUD WORKED 

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