Wednesday, March 9, 2011

257. The Corporation (2003)

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I've got to be honest with you. When the September 11th situation happened, and I must say, and I wanna say this because I don't want to take it lightly. It's not a light situation. It was a devastating act. It was really a bad thing. It was one of the worst things I've seen in my lifetime, you know. But, I will tell you and every trade will tell you, who was not in that building and who was buying gold and who owned gold and silver, that when it happened, the first thing you thought about was, "well, how much is gold up?" The first thing that came to mind was, "my God, gold must be exploding". Fortunately, for us, all our clients were in gold. So when it went up they all doubled their money. Everybody doubled their money. It was a blessing in disguise. Devastating, crushing, heart shattering, but on the financial sense, for my clients that were in the market, they all made money. Now, I wasn't looking for this type of help, but it happened. When the USA bombed Iraq back in 1991 the price of oil went from $13 to $40 a barrel, for crying out loud! Now, we couldn't wait for the bombs to start raining down on Saddam Hussein. We were all excited. We wanted Saddam to really create problems. "Do whatever you have to do, set fire to some more oil wells, because the price is going to go higher." Every broker was chanting that. There was not a broker that I know of that wasn't excited about that. This was a disaster. This was something that was, you know, catastrophe happening. Bombing. Wars. In devastation there is opportunity.

Lets begin by saying that, unlike Michael Moore's movies, this documentary is by no means "entertaining". Still, its brilliant take on the entity of the corporation more than makes up for its lack of humor and wit. The main theme is that the world treats corporations like individuals (with certain rights and privileges). With this in mind, the filmmakers proceed to give the corporation a psychological evaluation, and all the signs point to that of a sociopath. This is pretty much a must-watch for any socially-minded citizen of the world.

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