2015: The year when greediness may become so excessive that the new cold war started in 2014 by the U.S. could grow into a real war

Mikhail Gorbachev: America needs a Perestroika on December 19, 2014.

The Ukrainian issue has intensified the tension that existed between the West and Russia: now, another Cold War is possibly lurking on the horizon. Are we to witness another stand-off – or will it be averted? The relations between Russia and the West seem to be stuck at dead-end, so is there hope common ground will emerge between the two? We ask these questions to the man who prides himself on ending the Cold War, the last leader of the Soviet Union Mikhail Gorbachev, on Sophie&Co today.

Read the full transcript here: http://on.rt.com/i653m9

As an introduction into the nature of excessive greediness the film excerpt you can watch below is demonstrating everything what is lying behind:
Wolf of Wall St: coked-out Wild Man broker Matthew McConaughey plying DiCaprio w/ advice & Martinis


Then comes the “theory” which was prevalent in 1979: Milton Friedman – Greed is a good idea in a free-enterprise system ruled by economic self-interest as it is one of the great achievements of the civilization, with no alternative way so far discovered to organize society for us. This failed to hold true after the last Cold War ended 25 years ago.

Phil Donahue [1935 – …] (An American media personality, writer, and film producer best known as the creator and host of The Phil Donahue Show. His shows have often focused on issues that divide liberals and conservatives in the United States, such as abortion, consumer protection, civil rights and war issues.):

When you see around the globe the maldistribution of wealth, the desperate plight of millions of people in underdeveloped countries, when you see so few haves and so many have-nots, when you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism and whether greed’s a good idea to run on?

Milton Friedman [1912-2006] (Nobel Prize-winning monetarist economist associated with the Chicago school of economics, advocated economic deregulation and privatization, also the leading advocate of neoliberalism among the economists together with Friedrich Hayek):

Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.

Phil Donahue:

But it seems to reward not virtue as much as ability to manipulate the system.

Milton Friedman:

And what does reward virtue? Do you think the communist commissar rewards virtue? Do you think Hitler rewards virtue? Do you think American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout? Is it really true that political self-interest is nobler somehow than economic self-interest? You know, I think you’re taking a lot of things for granted. Just tell me where in the world you find these angels who are going to organize society for us.

Phil Donahue:

Well —

Milton Friedman:

I don’t even trust you to do that.

To assess the real danger now with the new Cold War based on excessive greediness of the West in general, and U.S. in particular the best thing at the moment is to dive into the long line of films about the nature of excessive greediness most dramatically demonstrated for the world of the stock market. The short descriptions for the most famous ones are given below as taken from the subsequent Wikipedia articles for the convenience of the readers here:

The famous Gordon Gekko quotation:

Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.

And here is an extended excerpt from the film containing the above words:

Then the Boiler Room Ben Affleck Speech to a group of unsuspecting brokers which is considered to be one of the realest first day on the job speeches in cinematic history:

And here is the Wolf of Wall Street – Sales Motivation excerpt:


Then some documentary type records from the real life related to the subject:

REAL WOLF OF WALL STREET: CNBC 2007 of October 3, 2007 (when Belford’s book was published).

REAL WOLF OF WALL STREET 2013 Today Show of April 12, 2013. Jordan Belfort talks about the upcoming movie.

Jordan Belfort The Real Wolf Of Wall Street Raw Footage

In the 1990s, Jordan Belfort was already the self-proclaimed king of the world, raking in nearly a million dollars a week, all the while fashioning himself an ultra-hip, white Ferrari Testarossa-driving Don Johnson from Miami Vice.

Really.

And then there were the women.

Throw in a steady stream of salaciousness with stunning strippers and call girls, ungodly quantities of Quaaludes, cocaine and assorted excesses that rivaled Sodom and Gomorrah and you have something close to describing Jordan Belfort’s life. Or what was his life.

“Once I scuba dived on four Quaaludes and passed out at the bottom of the ocean, you know, 60 feet under, and somehow made it up alive,” he recalled in a 2008 interview with a degree of both relish and self-loathing.

These days, the hoopla is on land.

WOLF OF WALL STREET REAL Beach House party JULY 1991

JAN2014 NADINE IS TRYING TO SHUT ME DOWN! She blocked one of my vids. ENJOY THIS WHILE YOU CAN!

Here’s the REAL Wolf of Wall Street Beach House party, from the summer of 1991.
It was taken a few months BEFORE the infamous Forbes Magazine article.

This is RAW FOOTAGE, and was hard to find. Enjoy what there is to see:

REAL vs. MOVIE

Jordan Belfort (=Leonardo DiCaprio as Same)
Gladys Greene, Mom of Kenny Greene (=Brian Sacca as “Robbie Feinberg”) @2:32
Victor Wang (=Kenneth Choi as “Chester Ming”) @2:30
Alan Lipsky @3:32 (=???) (’94 Monroe Parker President)
Nadine Belfort @4:14 (=Margot Robbie as “Naomi Lapaglia”)
Danny Porush @4:54 (=Jonah Hill as Donnie Azoff) with son Jonathon

ANNOUNCEMENTS:
Bryan Jay Herman & Sharon engaged @2:50 (“My new partner”) (’94 Monroe Parker VP)
Kenny Scott Greene & Stacy engaged @3:43
JB & Nadine Engaged in Europe @4:06
Neil “Kitman”? (??Neil Lewis Kiperman??) @4:22
Cheryl engaged @4:46
Stephen Mark Kiront engaged @5:00
Richard John Puccio had a baby boy @5:07 (Left Stratton shortly after this vid)
William John Mooney @5:39 (Was in Rothschild, later joined Stratton Oakmont & Duke)

REAL HISTORY:
1990JUL: The Wolf hosts one of many of his parties at his Westhampton beach house. It is like a Great Gatsby party, where anyone good-looking can crash.
Nadine and her companion drive up in a banana-yellow Ferrari. The Wolf is entranced.
While talking, Mark Hanna begins purposely masturbating in front of Nadine.
Wolf Wife #1, Denise, breaks up the event and shoos Nadine away. She leaves the party.
The Wolf keeps looking in New York for Nadine, until Thanksgiving, when he pays a mutual acquaintance, Ginger, to set up a date.
The Wolf and Nadine have sex that same evening.
A few months later, Denise finds out, and they are divorced.
1991JUL The Wolf throws THIS house party. Now he and Nadine are engaged.

Jordan Belfort at the Stratton Oakmont Christmas Party 1994

The Real ‘Wolf of Wall Street’?

In the mid 1990s, Leonardo DiCaprio was the king of the world. The baby-faced movie star was about to play the leading role in Titanic, and he spent some of his time hanging with Dana Giacchetto, a former investment banker and member of the new wave group Breakfast in Bed, at Giacchetto’s penthouse loft on Broadway and Cortlandt in Manhattan. The two friends owned matching cockatoos named Angel and Caesar and hosted lavish parties for the most powerful people in 90s film, fashion, and finance: Michael Stipe, Andrew Cuomo, Kate Moss, Winona Ryder, Harmony Korine, and Alanis Morissette, among other celebrities.

In between doing the things that happen at late-night parties, including spraying vintage champagne everywhere, some guests made million-dollar late-night deals—at least that’s what Giacchetto claims. His high life crashed down on him when he was arrested in 2000 and pleaded guilty to fraud under the Investment Advisers Act. After that, most of his clients left him, and the court sentenced him to a maximum of 57 months in prison for misappropriating approximately $9 million. Thanks to good behavior, time already served in prison, and his willingness to enter rehab, he was released early, but his life has never been the same.

Giacchetto’s downfall began in 1988, when his mother, Alma, loaned him almost $200,000 so he could found the Cassandra Group. Giacchetto already worked as an account executive at Boston Safe Deposit & Trust, and he used his bona fides to persuade friends in new wave and punk bands to put money in an investment group for cool, arty people.

Thanks to his business skills and rock cred, Giacchetto started working with Sub Pop Records, the iconic indie label that was simultaneously broke and famous for releasing Nirvana’s first album, Bleach. Soon after, Giacchetto worked as the money manager for all of Sub Pop’s acts, as well as for the Smashing Pumpkins, Alanis Morissette, Phish, Victoria Williams, Q-Tip, R.E.M., and many of their agents and managers.

Giacchetto went to prison for stealing $9 million from a number of these clients, including Phish, who lost more than $1 million, according to the New York Times. The Securities and Exchange Commission had discovered improprieties in Cassandra’s bookkeeping dating back to September 1997. (Giacchetto had used a version of the classic “asset-kiting scheme,” in which one asset is borrowed to cover the disappearance of another.)

Prosecutors alleged that Giacchetto’s scheme involved improperly tapping into the accounts of the Cassandra Group’s clients and ordering checks from financial services firm Brown & Co. He was able to cash them at the US Trust even though some checks were made out to celebrities like Ben Stiller.

“I was someone who was extraordinarily successful, beyond his wildest dreams, and I flew too close to the sun and, you know, got really burned,” he told us when we met him in New York this summer.
After telling us he didn’t have too much time to talk because he had to meet with his lawyer and the FBI, he insisted on his innocence and maintained that he had been accused and convicted because Hollywood insiders were trying to keep him out of the elite, high-powered, celebrity life of Hollywood that he saw as a kind of Mount Olympus.

“I think that there is some truth in the idea that there is this vapid vacuum still that is Hollywood—sometimes because it’s a business built on artifice, fantasy,” he said. “It doesn’t mean that it’s not legitimate. It just means that, contextually, you have to sort of put it into place, and I think people do get envious of that.”

At every meeting, Giacchetto promised us he would bring photos from his years with DiCaprio. We didn’t believe him, but at our last interview, Giacchetto brought a Travelpro expandable luggage bag full of hundreds of photos, like these pictures of DiCaprio partying. As Giacchetto flipped through the pictures, he reminded us of a father showing photos of his children, not because Giacchetto liked bragging about his 90s debauchery but because these celebrities were once his friends. When he went to jail, many of them abandoned him.

This hasn’t stopped Giacchetto from doing business with the rich and famous, of course. Along with his phone-app gig with Pavitt, he’s repping a new line of luxury food items that will enable you to eat lobster thermidor straight from the can.

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Hozzászólások

  • Karl Krausz  On január 5, 2015 at 8:53 de.

    Szép napot kívánok!
    Bennfentes kereskedés csak Putyin környezetében lehet. De én nem hiszek benne. Putyin meg tanult hallgatni. Csak Kínaiak tudtak verebet fogni dobbal.
    USA-ban divat visszaélni tudással, kormány közeli információval.
    Én olvasom a híreket és felteszem a kérdést, mi a jó benne és mi a buktató és kinek jó?
    Én nekem 2 gerinc műtétem volt. Sajnos mozgás sérült lettem. Magyar állam meg vonta összes jövedelmem, és megpróbált tönkre tenni, elvenni az élethez való jogom.
    Igaza volt apukámnak, jog annyit ér, amennyi erő van mögötte, érvényt szerezni neki. Magyar Államot bepereltem bíróságon, EU-ban. Hoztak egy politikai döntést, és nincs hová fellebbezni.
    Családom tart el, gondoskodik megélhetésemről.

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