Super quick computers and advanced mathematical formulas have taken over trading on the financial markets from human beings -algorithms- which seem to have a life of their own. The only ones who understand the system in any way are its architects, the algorithm developers. Haim Bodek is one such algo-developer. After finding some strange wrongdoings he set out on a personal crusade against this elusive system". The machinery behind our financial markets, consisting of mathematical models, data centers and miles and miles of fiber optic cables, is disguised by technological complexity and secrecy. The builders of this financial system are a new breed of Wall Street employees -quants- mathematicians and physicists who are responsible for a technological revolution. Haim Bodek is a quant; he specialized in artificial intelligence and worked for Goldman Sachs. He knows the system from the inside, he helped build it. Haim Bodek was invited to tell his story at the "Battle of the Quants" - a recurring event where quants discuss high-frequency trading, amongst other things. Bodek wrote an algorithm for trading machines that would generate guaranteed income - a money machine that weathered the financial meltdown of 2008. But then from one day to the next the algorithm stopped working.
Merchants of Doubt takes audiences on a satirically comedic, yet illuminating ride into the heart of conjuring American spin. Filmmaker Robert Kenner lifts the curtain on a secretive group of highly charismatic, silver-tongued pundits-for-hire who present themselves in the media as scientific authorities - yet have the contrary aim of spreading maximum confusion about well-studied public threats ranging from toxic chemicals to pharmaceuticals to climate change. Inspired by the acclaimed book by Naomi Oreskes and Erik Conway
This documentary summarizes every problem that our planet and humanity undergoes and emphasizes that it is a consequence of the actual obsolete social political and economic system. A system that is based on consumerism, waste, scarcity, ownership, exploitation, competition, social inequality and corruption. This movie suggests an alternative, a system based on scientific method and knowledge. It is efficient and sustainable, it reassures abundance, and eliminates the necessity of money. The goal is to upgrade the society to be consistent with the technological era. The system we are talking about is Resource-Based Economics. The first part of the documentary is a quick glimpse through the problems our planet and us are facing and all the solutions available in order to achieve a necessary change. The conclusion is that the ones who are guilty of the actual state of things are the same who are preventing a change to happen and obstruct the solutions.
This documentary details the root causes of the systemic value disorders and detrimental symptoms caused by our current established system. This video presentation advocates a new socio-economic system, which is updated to present-day knowledge, featuring the life-long work of Social Engineer, Futurist, Inventor and Industrial Designer Jacque Fresco, which he calls a Resource-Based Economics.
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