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EYE-BALL MovieZone – Favourites Review: Oliver Stones:- “The Untold History of the United States”

January 5, 2013 Comments off
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Latest ‘MovieZone’ Reviews:Most recent other TV/Movie reviews at top:


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– Post Number 1000 …
Title:
– EYE-BALL MovieZone review – TV Doco:
– Oliver Stone’s:
“The Untold History of the United States” –
| Author: EYE-BALL MovieZone | Undated 9th Nov 2012 |
Review Links – 2012-13 TV Doco – Oliver Stone’s: “The Untold History of the United States”


Oliver Stone’s:The Untold History of the United States

[Pasted from linked Wikipedia reference above …]

In 2009, it emerged that Stone was preparing a documentary miniseries for Showtime with the working title Oliver Stone’s Secret History of America. It would cover “the reasons behind the Cold War with the Soviet Union, U.S. President Harry Truman’s decision to drop the atomic bomb on Japan, and changes in America’s global role since the fall of Communism.” In January 2010, it was revealed that he had been working on the project since 2008 with American University historian Peter J. Kuznick, who co-wrote the script with Stone, along with British screenwriter Matt Graham. Stone is the director and narrator of all 10 episodes, which intend to provide an unconventional account of some of the darkest parts of twentieth century history using little known documents and newly uncovered archival material.

The first three episodes of the series premiered at the New York Film Festival on October 6, 2012, which Indiewire described as “extremely compelling” and “daring”.

Stone described the project as “the most ambitious thing I’ve ever done. Certainly in documentary form, and perhaps in fiction, feature form.” Because of Stone’s feature film commitments, production took four years to complete. Stone confessed “It was supposed to take two years but it’s way over schedule”, The premiere was finally set for November 12, 2012. Stone spent $1 million of his own money on the budget, which had inflated from $3 million to $5 million.

The series premiered on Showtime in November 2012. Executive producers are Tara Tremaine and Rob Wilson. A book by the same name was also published.

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EYE-BALL MovieZone Review:

Oliver Stone has always been a brave producer of political motivated films and documentaries.

Movies like ‘Platoon’ won him best Picture at the 1886 Academy Awards … ‘JFK’, ‘Nixon’, and ’13 Days’ represent more political acclaimed drama, Wall Street 1 and 2 gave him creditability in understanding global financial markets … all this gives him imense creditablity and his latest project does not disappoint.

He has proven his understanding of history and this series will galvanise and challenge those with poor knowledge of modern history, and those who want to forget America’s role in recent atrocities so wanting to be forgotten.

This is a 10 part Documentary series and at the time of writing this review, 8 episodes have been aired on the American Showtime Network. It has not been shown in Australia – well not that I have been able to establish.

Much of the archival footage is familiar, however the narrative and new footage of the Allied Leaders – i.e. Stalin, Churchill and Roosevelt – during the closing stages of WWII where the carve-up of conquered Nations was being played out as a chess game of brinkmanship astounds even now.

Much of this history was not taught in my history classes during the late 60’s early 70’s … and if you think current and modern-day atrocities in Syria and the like are harrowing – Stone’s presentation will give you new thoughts of what the British and American Leadership was capable of.   Stalin already has a place in genocidal history – can you imagine Americans and the British having their history being challenged by the thought that they themselves were War Criminals in and during WWII …

This is must view television if one sees clouds looming over the world once again as the GFC drains Nations and their ability to survive … the diplomacy exposed in this series  via footage and narration is done without fear of backlash … to draw a line with modern diplomacy our current Leaders would be seen as idiots …

Much can be learned from this brilliant series … it highlights flaws and mistakes made by Leaders once thought to be the best of their time … it demonstrates human frailty and its ability to place survival above fear of the unknown, fear of the future, fear that someone else will do to you what you fear most in doing to them.


Oliver Stones Bio:

Linked here:

William Oliver Stone (born September 15, 1946) is an American film director, screenwriter, and producer. Stone came into public attention in the mid 1980s and the early 1990s for writing and directing a series of films about the Vietnam War, in which he had participated as an infantry soldier. He won further attention—and controversy—with the films JFK, Natural Born Killers, and Nixon. Many of Stone’s films focus on contemporary American political and cultural issues.

Stone has received three Academy Awards for his work on the films Midnight Express, Platoon, and Born on the Fourth of July. Stone was also presented with the Extraordinary Contribution to Filmmaking Award at the 2007 Austin Film Festival. British newspaper The Guardian described Stone as “one of the few committed men of the left working in mainstream American cinema.” Stone’s films often combine different camera and film formats within a single scene (including VHS and 8 mm film) as evidenced in JFK, Natural Born Killers, and Nixon.

Review Score: Highly recommend viewing.

EYE-BALL MovieZone Rating: 9.0/10 …

[Note about REVIEW ratings –

  • Oscar Nominated movies range from – 7.0-9.5/10
  • Highly recommended viewing rates – 7+,
  • Recommended viewing – 5.5-6.5,
  • Enjoyable viewing – 4.5-6.0,
  • Duds – 4.0 or less. [You won’t see them mentioned here.]

Not all movies in the 5.5-6.5 range are reviewed – just the ones that offer special qualities.]

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Categories: The EYE-BALL Opinion

EYE-BALL Guru on – Financial ‘Ghosts’ from the Past – Hawke and Keating v Gillard and Swan –

January 5, 2013 Comments off
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Latest GURU Posts:


– 2nd Jan 2013 – The Great Big Financial Swindle – Part III – GFC Bailout has only postponed the inevitable –


-29th Dec – The Great Big Financial Swindle – Part II – The ‘Budget Surplus’ Backflip – Swan tells his own Porkies …


– 22nd Dec – The Great Big Financial Swindle – Part 1 – The ‘Budget Surplus’ Backflip – Swan serves up Senator Wong


– 14th Dec – The Walls are crumbling – Government admits High A$ policy is hurting –


– 4th Dec – Retailers and bureaucrats don’t understand – high A$ value responsible for off-shore purchases –


– 19th Nov – Government Expenditures Part I – Department of Prime Minister and Cabinet – DPMC – STAFFING –


– 3rd Nov – Shareholders – Holding back the world – scared money – scared boss’s –


– 31st Oct – Finally – RBA bubble head opens his mouth – He says – $A intervention not needed –


– 25th Oct – Foreign Minister Bob Carr & Wife – An Australian asset –


– 25th Oct – Communications Minister Stephen Conroy – one of Gillard’s Lap-dogs – untrained and unleashed –


– 24th Oct – Climate Change Minister Greg Combet – The Carbon Tax – emissions Trading scheme –


– 24th Oct – Treasurer Wayne Swan – Mini Budget Part 3 – The Clangers keep coming …


– 23rd Oct – Treasurer Wayne Swan – Mini Budget Part 2 – Mortgaging Australia’s Future to appease his ego


– 22nd Oct – Treasurer Wayne Swan – Mini Budget Part 1 – paints a false mirage to protect his legacy –


– 21st Oct – Penny Wong – On the mid-year accounts –


– 16th Oct – The First Home Owners Grant – the fallout and a reflection on a stupid stupid Government policy …


– 10th Oct – Tony Abbott Talks the Talk – but he is on empty when it comes to detail –


To see more GURU posts:

click here …


Title:
– Financial ‘Ghosts’ from the Past –
– Hawke and Keating v Gillard and Swan –
| Author: EYE-BALL Guru | 5th Jan 2013 |
The release of Cabinet documents from the Hawke/Keating era continue and make for most interesting reading and comparisons.  The Australians’s David Uren wrote a very enlightening article for the Weekend Australian and is recommended reading – it appears below:

The old masters and ordinary apprentices


| Author: DAVID UREN, ECONOMICS EDITOR | Date: Jan 5th, 2012 | Link to On-Line Story. |


PAUL Keating says achieving economic reform is hard political work. “People think there’s a reform token and you just put it in the reform slot machine. Well, there’s no reform token”.

The intensity of economic reform under the Hawke government is in the spotlight with this week’s release of the 1984 and 1985 cabinet papers .

Having floated the Australian dollar and removed capital controls that essentially made it illegal for Australians to invest offshore in 1983, government then took on the deregulation of banking, allowing banks to set their own deposit and lending rates and granting licences for 16 foreign banks to operate in Australia.

It picked up an agenda for tax reform lying in a pigeonhole for a decade and introduced capital gains tax, fringe benefits tax, dividend imputation and, though it took several years to implement, the petroleum resource rent tax.

The reforms kept rolling, including the lowering of tariffs, the development of a tightly targeted means-tested welfare system, liberalisation of foreign investment, the creation of Medicare and national superannuation and, under the Keating government, the replacement of centralised wage fixing with enterprise bargaining and the implementation of competition policy, which revolutionised the delivery of state government services.

None of it was easy, says Keating, with proposals having to be argued through the factions, the cabinet, the parliament and the public at large.

“It was the political skill in the melding of ideological and political interests and forming it into an adoptable, internally consistent package,” he says.

It is a record that inevitably invites comparison with the halting progress of the current government on issues ranging from tax, to foreign investment, workplace relations and industry protection. Gary Banks gave vent to his frustration in his final speech as chairman of the Productivity Commission outlining the reforms he believed should be undertaken but which government found too politically difficult.

They included measures such as abolishing remaining tariffs and industry subsidies, subjecting public infrastructure investment to transparent cost-benefit analysis and also assessing the costs and benefits of labour laws.

Banks conceded most of the almost 50 items on his “to do” list were not popular. “Most of them involve arrangements that currently provide significant advantages to particular groups who naturally take more interest in resisting reform than the wider electorate takes in supporting it,” he said.

Tax reform provides the clearest contrast between the current government and the Hawke government of the 1980s. In both cases there was a blueprint setting out what needed to be done.

The McMahon government had commissioned a comprehensive review of the tax system – known as the Asprey Review – which was delivered in 1975, recommending broadening the tax base with a consumption tax and the broadening of the income and company tax bases with capital gains tax and fringe benefits tax. The proceeds would finance lower marginal tax rates.

The Whitlam government was preparing to introduce capital gains tax when it was dismissed from office, and the Fraser government let the Asprey report lie fallow for its eight years.

Hawke sought to defuse a scare campaign over capital gains tax during the 1984 election by promising a tax summit. Keating was sceptical about the summit, but seized the initiative.

Treasury rolled out a white paper, picking up the recommendations of Asprey and adding a few ideas of its own, including dividend imputation. The summit was presented with three options. The first, which was essentially the status quo, the second which included sweeping reform but not the consumption tax and Keating’s preferred “Option C”, which included the lot.

Hawke concluded that there was not the support for a consumption tax, with neither unions, welfare groups nor business endorsing the “Option C” but left it to Keating to push through the remaining large tax reform agenda.

Keating says dividend imputation and lowering top marginal tax rates appealed to the right while capital gains tax and fringe benefits tax appealed to the left. In arguing the case through the ministry, there was enough on the table for everyone to put up with the things they didn’t like.

At the media release of the cabinet documents, former Hawke minister Susan Ryan paid tribute to Keating’s powers of persuasion.

“Keating led the charge and instructed us all. He was at his best. He would explain the complex things. He’d be dramatic, he’d draw graphs and diagrams about what would happen. I found it totally persuasive,” she said. “Not every member of cabinet did, but he educated us about tax, how it worked and why it had to be reformed.”

The University of NSW’s Professor Chris Evans says this is the most important difference between the tax reforms of 1985 and 2010: the presence of a champion for the cause. Tax reform is always difficult and is never seen as a likely winner for the politicians. In both Hawke and Keating, there was someone willing to push and willing to go out on a limb.”

“When you look at Julia Gillard and Wayne Swan, you don’t see the same urgency. You don’t see them having the same big picture of tax reform that was there at the 1985 summit.”

Evans says Swan and Kevin Rudd gave the reform process a bad start when they sat on the Henry Report for six months after it was delivered in December 2009. “It made people suspicious and edgy about what the government would do.”

When, without notice, they came out with the massive Resource Super Profits Tax (RSPT) that was to finance a showbag of tax giveaways, such as an concession on the tax paid on interest, a 2 percentage point reduction in the company tax rate and a shift to 12 per cent superannuation, it was a political debacle.

The gains for any of the groups being rewarded were not sufficient to galvanise support that would counter the wrath of the resource sector, which believed it faced the effective expropriation of 40 per cent of its assets.

The bulk of the 138 recommendations from the Henry review were ignored, while 27 were ruled out for all time.

“It looked like the government had cherry-picked the Henry Report and made a grab for the measure that brought significant revenue,” says Evans.

In some respects, the government’s response made future tax reform more difficult. The Henry Report had identified the hopeless mess in the taxation of savings, with investors in rental property, shares, and bank deposits all taxed at different rates, particularly if debt was involved.

He recommended a package in which the concessions for capital gains and negative gearing would be reduced, but there would be gains for property landlords through lower tax of rent. For all forms of investment income, only 60 per cent would be taxed at a person’s marginal tax rate.

Swan destroyed the package by ruling out any changes to capital gains and negative gearing while offering a token rebate on the first $1000 of interest income.

“He queered the pitch for future tax reform with this reaction,” says Evans. By contrast, although the Hawke government did not put up a consumption tax, it did nothing to stop one being implemented in future and allowed the debate to be aired.

“I see Swan as reacting rather than pushing or taking a proactive approach to tax reform. It is a very careful and cautious approach. It may be that tax is so politicised now. It is so easy to knock anything down from the other side with the ‘big new tax’ syndrome.”

The knife-edge nature of Labor’s hold on parliament and the give-no-quarter approach of Tony Abbott to opposition is seen by some as a reason for the government’s caution on economic reform. The government denies that its policy agenda has been influenced by its lack of parliamentary majority or that it is cautious on reform.

Ministers point to the passage of the carbon tax, the (bare bones) mining tax and the cigarette plain packaging law among a full legislative agenda as evidence of the effectiveness of the government.

This suggests the failure to act on issues identified by Gary Banks reflects a lack of shared vision on economic reform, rather than political weakness.

This becomes clear in the government’s attitude towards the manufacturing sector. Kevin Rudd famously said he didn’t want to be prime minister of a country that “didn’t make things”, and this sentiment is reiterated by Julia Gillard.

The government is establishing a new “anti-dumping commission” to apply more focused resources to stopping the sale in Australia of goods for less than their home market, while it has already set up an advisory body on import barriers dominated by import-competing interests who stand to benefit from increased barriers. Consumer interests are not represented.

Similar examples where the Gillard government’s actions depart with contemporary economic thinking include the new protections for coastal shipping, and the resistance to any cost-benefit analysis for the National Broadband Network.

The reforms of the 1980s were assisted by the groundwork of a group of politicians, economists and public officials through the 70s and early 80s.

Together they railed against the inactivity of the Fraser government and articulated the case for rolling back protection, deregulating labour markets and opening financial markets.

The Hawke government did things in its own way, but there was a vision for reform already there. Australian National University’s Professor John Wanna says the Labor government was implementing a largely Liberal agenda.

“There were some things they dithered about, such as privatisation. In the end, they were influenced by (finance minister) Peter Walsh saying if we don’t do it, the others will the moment they get in.”

Although there was bipartisan support on some reforms, measures such as capital gains and petroleum resource rent taxes were strongly opposed by the Coalition.

Wanna says there was also strong opposition in the business community to the “corporatist” approach of the Hawke government, which sought to overcome the divisiveness of the Whitlam government’s reforms by getting both business and unions to sign off on policy, particularly the series of “accords” under which the unions traded real wage cuts for social benefits such as superannuation, healthcare and education funding.

However Geoff Allen, who was the founding executive director of the Business Council, says the Hawke government was helped by the strong intellectual input from the business community.

This emerges in the cabinet papers, with Keating citing Business Council submissions in arguing for the liberalisation of foreign investment.

Allen says business leaders were much more closely engaged in public policy then than they are today. They funded internal policy groups, including economists.

“BHP, for example, was a largely Australian company. Its board was all Australian and so was its focus. It is now substantially focused on the global market, the leadership is largely not Australian and the board is made up of people from five countries.”

“There is a thinning out of those corporate resources and the incentive system is all about short-term profit performance. There are now different parameters for business engagement in the reform process.”

Allen makes the point that the Hawke government had a strong mandate for reform. It had been elected as the economy was emerging from recession, and as leader Hawke had huge popularity ratings.

The Gillard government has nothing like that level of political capital. The little it has, it is focusing on a few select areas like education and climate change.

The Hawke government had huge political capital and, with treasury in the hands of Keating, had someone ready and able to spend it.

I lived these times as a Financial Markets Treasurer managing a $500 million liquidity portfolio – in those early to late 80’s times Keating was a champion of the Markets … so many changes, so many opportunities for smart savvy operators who could see the big picture and make monkeys of those who struggled to deal with the new opportunities financial deregulation created.

The ‘cowboys’ were aggressive traders who saw Keating’s market initiatives – i.e. floating of the A$, the deregulation of the Banks allowing new overseas licences, the lifting of off-shore investment … they all provided large gaps in experience and knowledge that gave the markets plenty of entrepreneurial type opportunities.

It was 10 years or so before the markets calm down and became more rigid due to regulators themselves becoming educated as to where they should be operating in stabilising market volatility and opportunities. Of course they missed heaps and the ‘cowboys’ were still able to operate as they always do by thinking up schemes the regulators had not even thought of at the time.

In Australia – it was not until APRA in the early 2000’s that Australian markets really got themselves a ‘watchdog’ with any teeth or the ‘smarts’ to take on the market players seriously.

You won’t find a market operator from the 80’s and early 90’s era who will have a bad word said about Keating … how and why he lost to a neanderthal by comparison in Howard in the 1996 election is a subject that creates much debate within market operatives of the era.

Howard and Costello took 5-6 years to understand what Hawke and Keating had achieved with their market reforms.  They began to dismantle the good done in workplace reform with ‘workchoices’ and the like.  To this day Costello still does not understand the nuances of how a floating A$ dollar impacts on Australian commerce and industry over the longer term …  Swan and his Treasury advisors even less so …

I quite often live in this era of past glories … a time where one could see Australia’s future as bright and full of opportunities … comparing it with todays globalisation and where Central Banks intercede in currency markets to give their domestic economies a competitive edge – is a far cry from the natural forces of global markets during the 80’s.

To make the summer reading complete, there is an excellent article by a global think-tank called – Petersen Institute of International Economics – it is a new-found research center for this author and it is highly recommended for financial markets research purposes – an extract quotes:

More than 20 countries have increased their aggregate foreign exchange reserves and other official foreign assets by an annual average of nearly $1 trillion in recent years. This buildup — mainly through intervention in the foreign exchange markets — keeps the currencies of the interveners substantially undervalued, thus boosting their international competitiveness and trade surpluses. The corresponding trade deficits are spread around the world, but the largest share of the loss centers on the United States, whose trade deficit has increased by $200 billion to $500 billion per year. The United States has lost 1 million to 5 million jobs as a result of this foreign currency manipulation.

This article I refer to and highlighted by Colin Twiggs from ‘Gold Stocks and Forex‘ fame  is titled: ‘Currency Manipulation, the US Economy, and the Global Economic Order’and linked here … it was published in Dec 2012 and I highly recommend its reading, particularly for those interested in financial markets, and/ or managing a Superfund or other proprietary funds.

This ‘policy’ document provides opinions that challenge the long-term impact to economy’s where the practice of currency price-fixing, or manipulations result in domestic repercussions not always in the best interest of local economies – i.e. for every action there is always an opposite and equal reaction – the laws of physics as they say.

The problem is that Politicians have short attention spans – they are always focused on the next election result as the most important agenda … this focus has them completely out of touch with the cycles of economic reality and responses.   Domestic economic activity often takes decades to prepare and then decades to play out.

The volatility of markets during the 80’s financial markets deregulation under Keating had their cause and effect in the ‘recession ‘ we had to have’ in the early 90’s.   When one looks at the global marketplace on a post and continuing GFC fallout – anything is possible as Nations fight for survival.

Government’s are on a ‘war-type’ footing as they strategise economic policy that best suits their needs – the Bankers to those Nations in the most peril are extracting high returns in exchange for sovereign debt … the world investment community is demanding and receiving high returns in exchange for Government to grow even larger debt … the recent American ‘fiscal-cliff’ deal was no deal, merely a postponement of  a fate nobody wants to deal with in any harsh reality.   Politicians of the modern era should never be put in charge of a Nation’s debt creation and management … yet that is where it lies …

Once in a generation you will get a Leader with vision and the will to make changes for the better … at other times the Leaders think they are a the one but their capacity and deeds prove them otherwise.   We don’t know when vision and accomplishment is great until well after the event … in other words at the time nobody can really see the future in its full focus … look to Hitler in the 30’s … the Nixon decision to abolish the ‘gold standard’ … the Central Banks and Government’s responses to the ’87 crash …  the Bush decision to go to war after the 9/11 attacks … they have all led to ’cause and effect’ debates and none of them measure as positive’s on a ledger …

There are thousands more policy decisions that can be used to highlight the ineffectiveness of policy makers and the thinkers behind the scenes who formulate the policy with longer term objectives in mind.   Take the debate on ‘carbon tax’ to deal with the ‘climate change’ debate when as pointed out by the EYE-BALL Opinion in his post titled –  Climate Change & The Human Factor  – The Silent Debate nobody wants to talk about – where he highlights that in a debate where everyone is in agreement that humans are effecting ‘climate change’ – why is nobody talking about population control.

It’s a ‘too hard’ debate and would lead to wars and hostilities … Leaders abdicating from their responsibilities is how this site would argue the point.

Returning to on-topic matters … Hawke v Gillard and Keating v Swan …

Firstly – Hawke and Gillard have similar paths to the Prime Minister role – Hawke knifed Hayden to become the Opposition leader weeks ahead of the election that history shows ‘a drovers dog could have won’ … Gillard knifed Rudd as a first term sitting PM … that is about the only similarity that can be found … in every other way Hawke trumps Gillard on any level … Gillard can’t even walk in Hawke’s shadow … she is a dilation, a pretender, a Unionist’s mole, a criminal, and of all other things a woman so far out of touch with her own gender, she has ruined it for all future and aspiring women who want to become the PM.

As for the Keating v Swan … Keating is ‘god-like’ whereas Swan could not even qualify to be Keating’s whipping boy, or his shoe-shiner, or his coffee fetcher … Swan is to financial management as Madoff is to Ponzi schemes … he is just too stupid to realise it and that is being insulting to Madoff –  at least he knew what he was doing and had a purpose … Swan is a goose who does not know how to lay any eggs …

Do you all get the message … Swan and Gillard represent a doomsday scenario for the future of all Australian’s for decades to come … wake up Australia !!!

 

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