China Entertainment started in 2004

Chapter 410 July

The more relevant "The Wolf of Wall Street" is, the greater the chance of winning an Oscar.

With the right time, right place and right people, he couldn't imagine any other movie could beat "The Wolf of Wall Street" at the Academy Awards in early 2009.

Because the timing of this movie is really perfect.

In this special period, "The Wolf of Wall Street" is so close to reality that if it does not win an award, it will inevitably be controversial.

Of course, the premise is that the finished product of "The Wolf of Wall Street" can be guaranteed to be above standard.

If the finished film is mediocre, it will be useless no matter how appropriate it is.

Seeing Wang Shu didn't say anything, Matt Damon couldn't wait to continue: "Lehman went bankrupt, the stock market was volatile, and many measures were introduced to no avail."

"I heard that there is a high possibility of a financial crisis."

After saying that, he sighed again, "Financial crisis!"

"If a financial crisis really breaks out this time, the impact will be huge."

"With the momentum of this incident, our film The Wolf of Wall Street is likely to become famous around the world."

“This film is both a biography and very close to reality.”

"If a financial crisis really breaks out, there is a 90% chance that I will win the grand prize at next year's Academy Awards."

I didn't say 100% because the 10% is that Wang Shu didn't mess up the movie.

Wang Shu understood what Matt Damon meant, and even said that he knew this, so he rushed to shoot "The Wolf of Wall Street".

Under normal circumstances, one has to have a lot of experience to win the major awards at the Academy Awards.

As a Chinese-language film director who had just arrived in Hollywood from China, it was impossible for Wang Shu to win an Oscar in a short period of time.

"The Tuner" certainly achieved good box office results.

If this movie was directed by an experienced Hollywood director, he might have won an award based on his qualifications.

Directed by Wang Shu, it was just a nomination at best.

Moreover, it is still uncertain whether he can get the nomination.

Again, it was not the quality of the film, but other force majeure factors that made it impossible for Wang Shu, who had just arrived in Hollywood, to be nominated and win an award.

This kind of behavior is boosting the morale of the Chinese-language film industry and China, and destroying the prestige of Hollywood and the United States.

Politically incorrect.

Wang Shu knew this, so he had a backup plan.

Moreover, if you don't take action, it's fine, but once you do, it's a ruthless action.

In the original timeline, "The Wolf of Wall Street" was an Oscar-nominated film.

Being nominated means that you have the ability to win the award, but are just a little bit short of the mark or luck.

Today, the US subprime mortgage crisis has completely erupted, followed by a global financial crisis.

During this period, "The Wolf of Wall Street" was released in this atmosphere, which is equivalent to a masterpiece.

It can be said that the movie "The Wolf of Wall Street", whether it was released before or after the financial crisis, is at best an Oscar-nominated film.

However, if it were released during the financial crisis, its significance and influence would be completely different.

In this case, even if Wang Shuchu first arrived in Hollywood, he would have a high probability of winning an Oscar.

As the saying goes, heroes are made by the times. This is the case.

The old men at the American Academy of Motion Picture Arts and Sciences certainly did not want to give the Oscar to Wang Shu, a young foreign director who had just arrived in Hollywood.

However, as long as the US subprime mortgage crisis escalates into a global financial crisis.
At this point, the impact is too great.

"The Wolf of Wall Street" is another biographical film that closely follows current events
If it doesn't win an award, the Academy Awards will be criticized.

In short, under the general trend, those old men from the American Film Academy
You have to give even if you don’t want to.

Of course, if the old guys at the American Film Academy didn't care about public opinion and didn't care about the impact of the Oscars being questioned, it is not impossible for them not to give the award.

So, Wang Shu’s goal is nomination.

It would be great to win an award, but if you can't, there is nothing you can do.

After all, this is in Hollywood, on American turf, not in China.

It's different after all.

But no matter what, as long as those old guys in the American Film Academy have some shame, Wang Shu has a great chance of winning the award.

Because the US subprime mortgage crisis will inevitably evolve into a global financial crisis.

With its global impact, "The Wolf of Wall Street" as a timely work will inevitably be pushed to extremely high heights.

Winning the award is only natural.

In fact, the US subprime mortgage crisis has already appeared, but the US government not only did not take it seriously, but was also quite complacent about the bubble and engaged in various outrageous operations.

2004-2006 was the golden three years for the development of real estate in the United States. During this period, most indicators showed that the US economy was in good condition.

The economic growth rate is relatively stable at 3% to 4%. The unemployment rate is lower than the long-term average, at 4% to 5%. The inflation rate is mostly between 2% and 3.5%. Although it is slightly higher than the ideal level, it is not worrying.

At this time, both expenditure and income increased steadily, and the GDP gap reached 2%, which means that the country's maximum production capacity growth rate is lower than the demand growth rate. With everyone's crazy shopping, production capacity is a bit unable to keep up.

House prices benefited from increasingly loose lending practices, rising by about 2004% between 2006 and 30.

The loan-to-value ratio has increased to 80%, which means that the down payment ratio for home purchases is lower, indicating that banks are more willing to lend and make riskier investments. Mortgages are everywhere. In order to lend money, banks do not even need proof of income. They even use floating rate mortgages with "fraudulent" attributes to lend money to the poor. The initial interest rate of such loans is very low, but it will slowly rise later.

During this period, the ratio of U.S. household debt to disposable income rose from about 85% to about 120%, which means that Americans began to leverage their purchases of homes.

The U.S. economy is not overheating and inflation remains tame amid a buildup of debt and a frenzy in the real estate market, so the Federal Reserve, which focuses only on averages, remains unmoved.

Typically, the most severe debt bubbles (such as the United States in 1929 and Japan in 1989) are not accompanied by high and rising inflation in goods and services, but rather by higher asset price inflation supported by debt growth.

Central banks often make the mistake of tolerating debt growth because they focus on the inflation rate of goods and services and the economic growth rate, while ignoring the growth of debt and whether the debt can generate income to repay the debt. Not only are banks lending money at a ridiculous pace, but other lending institutions outside the supervision of banks are also forcing a lot of money into the mouths of borrowers. These American "borrowing bars" borrow money from banks, then lend it to the people, and sell the IOUs written by the people to the people, sucking the marrow out of the people, and dragging the people into the abyss of bankruptcy step by step.

Although many people want to try this method of making money with no investment and huge returns, it has to be said that the US debt crisis also stems from these outrageous operations.

The so-called subprime loans refer to those Americans who simply cannot repay their debts.

In 2007, the world twisted its fat body and danced on the foam.

The continued credit leverage from 04 to 06 made the bubble bigger and bigger, the poor bought properties crazily, and the rich made money crazily.

Investment banks have been racking their brains to design new products that cleverly package multiple assets and then sell them at a price higher than the sum of their parts (these products include collateralized debt obligations, mortgage-backed securities, synthetic collateralized debt obligations, etc.).

The specific approach is to divide the products into different series and let the rating agency rate the best series as AAA, the next series as AA, and so on.

This financial innovation provided a source of credit to many high-risk borrowers (not limited to households) who had previously been unable to access credit.

On the surface, these securities assets can indeed share risks. The losses caused by one person's default are spread across the entire securities pool, so as long as most people pay interest honestly, investors can still have stable returns.

But subprime lenders (companies that provide mortgages to borrowers with less credit) made loans to people who couldn't even afford the first month's interest.

“There is now broad consensus that the business models of many smaller subprime lenders are no longer viable as the refinancing and housing booms have ended,” the Securities and Exchange Commission wrote in a Jan. 1 memo.

The subprime mortgage institutions and the investment banks that purchased the subprime mortgages had an agreement called "early monthly payment default", which included a clause that required the lender to repurchase the loan if the borrower defaulted on any early monthly payment.

In fact, unless there is fraud, it is rare for a borrower to fail to make the first monthly payment.

2007 was a year of great joy for the US financial market.

Winning all kinds of things, setting all kinds of records, I’m so tired of winning.

In this atmosphere, ordinary American people are sinking deeper and deeper and suffering worse.

And the worse the American people suffer, the more they will praise the movie "The Wolf of Wall Street".

After all, under such tragic circumstances, the affected American people will inevitably vent their dissatisfaction and anger.

"The Wolf of Wall Street" not only provides a direction, but also implies that ordinary people are victims and that there is another "person" who is responsible for the harm.

In short, the release of "The Wolf of Wall Street" not only gave the affected American people an outlet, but also allowed them to understand to a certain extent why this happened.

The more this is the case, the more it will make "The Wolf of Wall Street" become a "god" in this era.

The time, the place and the people are all right; it is absolutely perfect for the occasion.

Not to mention that he has been "deified" in the United States, he can also have a considerable influence in China.

Because Wang Shu knew that the US subprime mortgage crisis would inevitably extend into a global financial crisis.

The country has also been affected.

In response to the financial crisis that spread from the United States to the world, China quickly introduced a "4 trillion" plan.

The central government invested 1.18 trillion yuan (including fiscal appropriations for Wenzhou earthquake reconstruction), and local governments invested 2.82 trillion yuan.

In order to support the implementation of policies and help local governments with financing, Zhongyang has also relaxed restrictions on local financing platforms and bank loans.

In 2008, there were more than 3000 financing platform companies nationwide. In 2009, the number surged to more than 8000, of which about % were county-level government financing platforms.

Rapid and intense economic stimulus is necessary to boost the rapidly deteriorating economy, but the result of flooding the market with money will inevitably be that everything will be washed away.

Places with poor financial conditions can also borrow large amounts of money, and projects with bleak profit prospects can also receive large amounts of financing.

At the same time, the real estate industry began to take off, with land being sold at sky-high prices, and the flood had somewhere to go.

If local governments want to develop the economy, they have to expropriate land and "sell land."

By using cheap industrial land to attract investment, businesses came, the economy grew, more jobs were created, public services improved, and the rural population gathered in large numbers in cities, and expensive commercial and residential land also came.

The soaring housing prices have also caused the debt/income ratio of ordinary people to rise sharply. Some people's income can no longer cover their debts. In this way, no matter how fast the city develops, how good the infrastructure construction is, and how perfect the public services are, people may not feel happy and dare not consume, because personal debt does have uncertain risks. Who knows if the good job you do today will still be there tomorrow?
The country's rapid economic growth in the past few decades has benefited from land finance and the hard work of the people, but the high growth is unsustainable.

After all, humans are not machines and have thoughts.

In the final analysis, it is the people who pay for land finance.

In short, as long as the country is affected by the US subprime mortgage crisis, Wang Shu's "The Wolf of Wall Street" will definitely be praised by many people.

This is for sure.

"What do you think is the probability of a financial crisis?" Wang Shu pretended to be ignorant and continued with Matt Damon's question.

"It's huge!" Matt Damon said confidently, "Although I don't know exactly how big of an impact this financial crisis will have, it will definitely have an impact."

Wang Shu nodded and replied, "If a financial crisis breaks out, then The Wolf of Wall Street is indeed more appropriate."

"And movies that fit the situation are also more likely to win awards at the Academy Awards!"

In the blink of an eye, it was October. The Beijing Olympics had long passed, and the subprime mortgage crisis in the United States was getting worse.

Although the United States has introduced various measures, it is still just drinking poison to quench thirst.

Matt Damon continues to suffer and be happy.

Again, the greater the impact of this financial crisis, the greater the probability that "The Wolf of Wall Street" will win an Oscar.

Matt Damon is both the lead actor and the producer.

"The Wolf of Wall Street" went to the Oscars, and he could not only compete for the Best Actor, but also win the biggest award, the Best Picture.

At this moment, he really hoped that the impact of the financial crisis would be greater.

As for Wang Shu, he already knew that the US subprime mortgage crisis would develop into a global financial crisis with a huge impact, so he had no hope.

During this period, "The Wolf of Wall Street" must be a movie with a huge response.

In order to ensure that "The Wolf of Wall Street" can successfully compete for the 2009 Academy Awards, Matt Damon has been focusing on the post-production of the film recently.

By October, registration for the Academy Awards had begun.

Although The Wolf of Wall Street had not yet completed post-production, Matt Damon used his connections to successfully sign up for the film.

(End of this chapter)