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Ben Lewis’s new documentary ‘The Great Contemporary Art Bubble’ You can now buy this film on DVD from my website www.benlewis.tv It investigates the reasons behind the boom and bust of contemporary art. The Great Contemporary Art Bubble BBC Four. Monday 18th May. 9.00pm. The last five years have seen an unprecedented craze for contemporary art. Contemporary art prices rose by an average of 800% while works by Andy Warhol, Francis Bacon and Mark Rothko sold for record-breaking prices of £30 million plus. Art critic and film-maker Ben Lewis spent 2008 following the contemporary art market; travelling to art fairs, auctions, museums and the offices and homes of billionaire art collectors. He spoke to dealers, auctioneers, gallery-owners, art market analysts and art collectors trying to find out the reasons behind the greatest rise in the value of art in history. He says: I didnt like what was happening in the contemporary art marketMuch of the art was mass produced, repetitive and commercial. Collectors bought it for investment and stored vast amounts of it in warehousesAnd the special privileges our society gave to art and artists were being exploited by some of the worlds richest people to make yet more money. Everywhere Ben went he was told the contemporary art boom would go on forever fuelled by a new passion for art from the worlds super-rich. But he found other reasons for the boom unusual market practices, speculation, secrecy and tax breaks involving the whole art …

www.goldsilverdvd.com On our last day in Singapore we checked out the Singapore Flyer…the world’s largest ferris wheel. The view was mindblowing and Mike had a great time counting the construction cranes. Just amazing, there are buildings going up as far as the eye can see. Is Singapore the next Dubai? Some interesting thoughts in here from Mike, how do you feel about what he has to say? Music can be found at http please check his stuff out it’s great. Peace, Dan

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression. In Rolling Stone Issue 1082-83, Matt Taibbi takes on “the Wall Street Bubble Mafia” — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi’s piece is “an hysterical compilation of conspiracy theories” and a spokesman adding, “We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good.” Taibbi shot back: “Goldman has its alumni pushing its views from the pulpit of the US Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it.” Here, now, are excerpts from Matt Taibbi’s piece and video of Taibbi exploring the key issues. From Matt Taibbi’s “The Great American Bubble Machine” in Rolling Stone Issue 1082-83 www.rollingstone.com