The documentary Paradigm of Money reveals that, due to corporate greed, widespread systemic … [+] Corruption and regulatory coverage, the transfer of wealth from the middle class to one percent is no surprise.
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Shortly after Hollywood writer / director / actor Peter Antico wrote my book Who Stole My Pension? Last year he called me on behalf of a group of SAG / AFTRA members including Ed Asner (of Lou Grant’s television fame) and Titanic movie star Frances Fisher. The group of actors was outraged that amid a global pandemic, the union was robbing the health care of nearly 12,000 union members, most of them seniors, who had been on the plan for 20 to 50 years.
As the pandemic raged, the group met regularly through Zoom for months to file a class action lawsuit to protect base members. Contrary to popular belief, most SAG / AFTRA members don’t lead a lavish lifestyle – they struggle to make even $ 30,000 a year. For many, the loss of health insurance last year was devastating.
Finally, we filed the class action lawsuit against SAG / AFTRA in December 2020. “You can’t get away with it,” NBC News quoted Asner (now deceased) as saying. “This is criminal.” On the day of filing, Eleven Films released a short PSA starring Morgan Freeman, Whoopi Goldberg, Connie Stevens, Amy Schumer, Martin Sheen, Elliot Gould, Matthew Modine, Mark Hamell and Asner.
Hollywood audiences aren’t exactly known for their financial acumen, but Antico is known for his passion and knowledge of the world of investing.
When I learned that Antico and Sean Stone (Oliver Stone’s son) were working on a two hour documentary that Antico directed and produced with Stone, I was intrigued.
The film, The Paradigm of Money, will premiere on Friday, December 3, in Los Angeles at the Laemmle Theater in North Hollywood, California for the Qualifying Round of the Oscar Contest for Feature Films. It is also available as a streaming at www.theparadigmofmoneyfilm.com. Here is a trailer for the film.
Compared to The Big Short on steroids, The Paradigm of Money goes deep into the infrastructure of the global financial system, revealing corrupt guidelines that allow wealth to be transferred from the middle class to the one percent. The film indicates that the one percent group now has more wealth than the entire middle class.
Today the message that our financial system is unfair and corrupt is getting more attention than ever.
It’s no secret that the global pandemic has been devastating to low- and middle-income Americans as the wealthy have increased their stock portfolios.
It’s no secret that many Americans work for less than a living minimum wage.
It’s no secret that the overwhelming majority of Americans have saved little or nothing for retirement and are likely to spend their golden years in poverty.
It is no secret that occupational pensions are almost extinct and 401k have failed to provide comparable old-age insurance to private sector workers.
It is no secret that public pensions are severely underfunded and government employees are threatened with benefit cuts on an almost daily basis.
It’s no secret that, as the Pandora P -ers revealed, the rich are hiding billions offshore to evade US income taxes.
But there are secrets to be told. The documentary Paradigm of Money reveals that this wealth transfer comes as no surprise due to corporate greed, widespread systemic corruption, and regulatory coverage.
In short: Anyone who believes that the financial system has not been manipulated does not know the financial system.