How the rich get richer – money in the world economy | DW Documentary
Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?
For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.
The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino – gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: “This flood of money has caused a dangerous redistribution. Those who have, get more.” But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film ‘The Money Deluge’ casts a new and surprising light on our money in these times of zero interest rates.
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As a rich man, I can only say one thing: mwahahahahaha
That's simple, by get more people or property or robots to work for them.
We need an updated version of this.
Making money is just like baking a cake. Follow the directions. That is if your inclined to read.
Thank you so much for this documentary. Learned a lot!!
I work as an cryptocurrency trader and I would definitely recommend the job for people who are interested and don't want to go to college.
DeFi fixes this!
I want the email of a businessman from America
imagine seeing the money printer going brrrrrr and not buying any bitcoin/ etherium
Once one reach a point, money can never be a problem unless there are pinpointer.
Best Documentory keep it up DW..
GREEDY=COVETOUS=SAKIM(TAGALOG)
#A greedy person/person will manipulate the earth’s resources so that he and his family will be the only ones benefiting-Dr. Myles Munroe
#A greedy person will not enter the HOLY KINGDOM OF GOD.
1 Corinthians 6:9-1-
King James Version
9 Know ye not that the unrighteous shall not inherit the kingdom of God? Be not deceived: neither fornicators, nor idolaters, nor adulterers, nor effeminate, nor abusers of themselves with mankind,
10 Nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners, shall inherit the kingdom of God.
11 And such were some of you: but ye are washed, but ye are sanctified, but ye are justified in the name of the Lord Jesus, and by the Spirit of our God
Thnks!!!
Buy a $ 10,000 USD bicycle…BEST waste of money Ive ever experienced
spoil yourself,you'll be dead soon
I think many people should educate themselves and realise that a society where personal wealth and aiming for profit is forbidden is called communism. If you criticize the rich for being rich you are basically saying you want to live under communism.
Interesting
As always, the rich will be bailed out and us the people will get screwed. 🤷♂️
It’s not an Investment if you spend paint your house
Well people at the top agree that money is a tool for transaction not an asset since they break with gold, actually people should learn this in school
All currencies are designed to lose value. One must invest in gold, silver, real estate and bluechips to have a portfolio which can beat inflation comfortably.
In late '80 when i was studying monetary banking & money.Seniorage : means " margin between cost printing & nominal value of the cash. Maybe true
Sid vicious has already addres youth & housing problem in london city during '70 through his lyric songs
When you stop learning , you get left behind . Never stop educating yourself
Same thing is happening in the Netherlands as well. Having a government that perpetuates this behavior, having a prince that owns like 70% of the housing in Amsterdam. Our PM loves this. He and his party VVD keeps the middle class small in future perspective. There has been a housing crisis for years now and still there are no solutions in sight.
All the while prices go up and keep going up for literally everything. Companies are profiting from the Dutch taxing system and the Netherlands will wear the name
Tax haven with pride.
The love of money, not money, is the root of all evil.
This will not end well for big banks and “big rich” elite – they may have the upper hand now but you can only squeeze regular people so much before they won’t have it. Learn from French Revolution, Russian revolution. Bill Gates is just new name for an old Marry Antoinette….
Fiat money is like heroin
I would love to buy but no money. I have never ever been. I wish I had a farm. CAN I come work?/changed. I agree. So now what?
You don't keep your money in any bank account you only keep it in your real estate lawyers escrow account when you're buying property and renting them out when the value goes up you sell them and buy more property that's how you make your money from the rents…