I saw a great documentary this weekend, called "Let's make Money". It is by an Austrian film-maker called Erwin Wagenhofer, and it's all about the world's money systems. He interviews some incredibly ruthless (and surprisingly candid) characters from the world's shadiest corners of the Money industry, and captures some dramatic contradictions which they cause.
The most bizarre is the 800 golf courses in Spain which have been created because apartments which are built next to a Golf course have a higher value. Maintaining these 800 golf courses takes enough water to supply a 20million person country. There are 10,000's of apartments built near them. But the apartments are empty - they have been sold as investments to foreigners, almost all of who do not live in them, keeping them for future sales at profitable prices. The documentary was made before the crash, so it would be interesting to know the value of those apartments now.
Most is in English, part is in German, but you don't need to speak German to get the picture. See the trailer at http://www.letsmakemoney.at/main.html.
The most bizarre is the 800 golf courses in Spain which have been created because apartments which are built next to a Golf course have a higher value. Maintaining these 800 golf courses takes enough water to supply a 20million person country. There are 10,000's of apartments built near them. But the apartments are empty - they have been sold as investments to foreigners, almost all of who do not live in them, keeping them for future sales at profitable prices. The documentary was made before the crash, so it would be interesting to know the value of those apartments now.
Most is in English, part is in German, but you don't need to speak German to get the picture. See the trailer at http://www.letsmakemoney.at/main.html.
