Wall Street 2
In the movie Wall Street 2 Money Never sleeps the main character is Jacob Moore and he is a proprietary trade working for Keller Zabel Investments. Jacob is a young ambitious trader looking to make a name for himself and enjoy a good life. His girlfriend Winnie Gekko is the daughter of the Gordon Gekko. Gordon Gekko is the former high roller who lost all his wealth and was sentenced to eight years in prison for inside trading.
The movie starts off with Gordon Gekko being released from prison. Then it focuses on Jacob’s typical day at the office. Jacob is given a bonus in the amount of S1,450,000 from Louis Zabel. Jacob spends the money by purchasing a wedding ring for Winnie and spending time at a club with a good friend. He uses the remainder of the money to invest in Keller Zabel investments.
The next day Keller Zabel investment firm goes bankrupt and the stock losses over 50% of its value. Louis Zabel commits suicide in the aftermath of the crash and this has a significant impact on Jacob. Then Jacob goes to one of Gordon Gekko’s presentations which is centered on the concept of greed is good. He goes into talking about the derivatives and how our generation is going to have nothing because of the past generations greed.
In all of reaility, what Gordon Gekko speaks about in this movie does in fact hold firm ground in our present reality. What a lot of people don’t realize is that the crash of 2008 wasn’t some sort of freak accident that was unpredictable and not foreseen. The truth is the derivatives market business practice operates on the concept of betting and was proven to be a viable option for short term growth, but the long term growth of the derivatives market is known to be unsustainable and will never be able to fulfill its commitments. The derivatives market essentially is a worldwide ponzi scheme that will crash and the 08 recession is just the beginning.
There are several types of derivative, including futures,...
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