This documentary looks at the factors that led to the 2008 financial crisis and the efforts made by then Treasury Secretary Henry Paulson, Federal Reserve Bank of New York President Timothy Geithner, and Federal Reserve Chair Ben Bernanke to save the United States from an economic collapse.
The Swap is the third chapter of the PolEc Trilogy, comprising Wandering Marxwards (1998) and The Three Failures (2006). It features the same character as in the previous episodes, but now reduced to a lost, exhausted soul roaming Shanghai's cityscape from the remotest periphery to the financial district. Another narrative, spoken this one, takes us to September 2008, as gigantic bailouts put the financial system on life support instead of letting it collapse, thus seizing our reality and replacing it with a fiction tailored for the situation. These two streams end up meeting on a Shanghai dancefloor, where unresolved contradictions can finally be performed.
In the last 250 years, free-market ideology has played a central role in the development of the logic and rhetoric that have influenced the daily life of populations throughout the world. It was cornered for a few decades during the twentieth century in favor of a social economy for the public interest, and then returned to the limelight in the last thirty years of the century to dominate the logics that drive world economies, doing the favor of the elites at the expense of 99%. Through the testimony of six people informed about the facts, Laissez-faire offers a historical and ideological perspective through which to identify the fundamental problems of the economic mechanism on which societies are based.
Fall Of The Republic documents how an offshore corporate cartel is bankrupting the US economy by design. Leaders are now declaring that world government has arrived and that the dollar will be replaced by a new global currency.
“I don’t think most people really understood that they were in a casino” says award-winning financial reporter Mark Pittman. “When you’re in the Street’s casino, you’ve got to play by their rules.” This film finally explains how and why over $12 trillion of our money vanished into the American Casino.
