Paradigm of Money documentary film reveals systemic corruption in financial markets
Shortly after Hollywood writer / director / actor Peter Antico read my book Who stole my pension? last year he called me on behalf of a group of SAG / AFTRA members including Ed Asner (from Lou Grant on TV) and Titanic movie star Frances Fisher. The stakeholder group was outraged that in the midst of a global pandemic, the union is withdrawing health care coverage from nearly 12,000 union members, mostly older people, who had contributed to the plan for 20 at 50 years old.
As the pandemic raged, the group met regularly for months via Zoom to file a class action lawsuit to protect grassroots members. Contrary to popular belief, most SAG / AFTRA members do not lead lavish lifestyles – they struggle to earn even $ 30,000 a year. For many, the loss of health care coverage last year was devastating.
Finally, in December 2020, we filed the class action lawsuit against SAG / AFTRA. “They can’t get away with this,” Asner (now deceased) said as quoted by NBC News. “It’s criminal.” On the day of filing, Eleven Films released a short PSA featuring Morgan Freeman, Whoopi Goldberg, Connie Stevens, Amy Schumer, Martin Sheen, Elliot Gould, Matthew Modine, Mark Hamell and Asner.
The Hollywood crowd isn’t necessarily known for their financial acumen, but Antico stands out with both his passion and his knowledge of the investment world.
So when I heard that Antico and Sean Stone (Oliver Stone’s son) were working on a 2 hour documentary film Antico directed and produced with Stone, I was intrigued.
The film, The money paradigm, opens in Los Angeles on Friday, December 3 at the Laemmle Theater in North Hollywood, Calif., for the qualifying round of the Oscars Feature Documentary Competition. It is also available to stream at www.theparadigmofmoneyfilm.com. Here is a trailer of the film.
Compared to The big court on steroids, The money paradigm goes deep into the infrastructure of the global financial system and exposes the corrupt policies that allow the transfer of wealth from the middle class to one percent. The film points out that the one percent now owns more wealth than the entire middle class.
Today, the message that our financial system is unfair and corrupt is receiving more attention than ever.
It’s no secret that the global pandemic has been devastating for low- and middle-income Americans as the wealthy have seen their stock portfolios increase.
It’s no secret that many Americans work for less than the living wage.
It’s no secret that the overwhelming majority of the Americas have little or nothing saved for retirement and will likely spend their golden years in poverty.
It’s no secret that corporate pensions are almost extinct and the 401k have failed to provide comparable retirement security to workers in the private sector.
It’s no secret that public pensions are severely underfunded and that government workers are threatened with benefit cuts almost daily.
It’s no secret, as the Pandora Papers revealed, the rich are hiding billions in offshore accounts to evade US income tax.
But there are secrets to tell. The money paradigm The documentary reveals that due to corporate greed, rampant systemic corruption and regulatory capture, this transfer of wealth comes as no surprise.
In short: if you think the financial system isn’t rigged, you don’t know the financial system.