The China Hustle

I have been living here in China almost 2 decades and i know for a fact that some so called Chinese companies estimated growth and user base numbers are highly exaggerated and fake, it sickness me from time to time.

An eye opening account of what is going on Globally circling the China growth story. How the American wealthy, and the President is trying to cover up one of the biggest hustles in the history of capitalism. This should be seen by everyone everywhere, even those who don't directly invest in capital markets.

This is about yet another financial scandal. It's a perfect follow-up to The Big Short. After the crash of 2008-2009, some clever guys, both Chinese and American, worked out another way to scam the markets. Some smaller banks, especially Roth Capital, which threw lavish conferences featuring entertainment by the likes of Billy Idol and Snoop Dogg, and Rodman and Renshaw, captained by the former Democratic presidential candidate Gen. Wesley Clark, pushed reverse mergers.

You've never heard of reverse mergers? Chinese companies could not be listed on the New York Stock Exchange, so they "merged" with defunct American companies which had previously been listed, and presto change-o, now Chinese companies were on the exchange. There was no penalty for making outrageous claims about the assets of their businesses, and many Americans were only too eager to buy into this new opportunity. Neither the SEC nor Congress was concerned about the fraud involved. The "heroes" of our movie investigated some of these companies in China, a dangerous matter, published their research, and shorted the companies' stock, betting that the value of their stock would fall when the truth was revealed.

The China Hustle does a good job of explaining the financial matters so that the average viewercan understand. Neither the SEC, big law firms like Loeb & Loeb, the big accounting firms, nor Congress come out looking very good in this one.

The big players in the financial industry are never satiated. Right after the 2008 crisis where the whole industry was bailed out by taxpayers they start a different scam. Using dirty legal tricks they manage to get billions out of "dumb money" (aka your 401/pension/savings). The regulators don't care. Nobody does due diligence. And people exposing the scam face harassment and even prision. Both in USA and China.

It's amazing how this house of cards keeps on going.

Sadly this documentary has big 2 flaws. It doesn't have enough material to fill the full length and it lacks in production.

The least guilty part in this scam story, are the Chinese companies without a doubt.

Some smart *** wall street d*** heads, found some low life companies in China, and make them an offer for a merge, to able to get into US stock market. And all the rednecks, who have been manipulated and lost money, are crying out loud, by blaming China. ahhahaha

Guys, sorry but, if you offer the same thing, to any miserable, worthless company, in whole world, they would accept to get into this scam, without thinking twice.

The real bast***s to be damned in this story, are the wall street j*rks unfortunately, not China, or Chinese companies. Simply, US people are scamming other US people. Pathetic as hell.