How the rich get richer - Money in the world economy | DW Documentary
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- เผยแพร่เมื่อ 10 พ.ค. 2024
- 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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We need a new documentary on this topic post corona virus.
Exposing all the fraud thats happening behind the corona excuse...... The rich are getting even richer and the poor are loosing everything, eve their shelter.... the middle class got wiped out...
@@M.S-Music Exactly.
The worst part is that the same politicians who claim to be champions of the "working class" are implementing policies that are inadvertently resulting in a larger transfer of wealth to the upper class... and the upper class aren't even asking for these handouts.
- Suburban moms collecting $600/week in bonus unemployment because their side business has been impacted despite the fact that they've never earned $600/month (Completely legal)
- Small businesses and their employees shut down while white-collar jobs are virtually unimpacted (Completely legal)
- Restricting domestic/international air travel resulting in a surge of income for wealthy owners of vacation rental properties within driving distance of major cities. (Completely legal)
- Allowing people who make very healthy six-figure salaries to withdraw up to $100k penalty free from their well-funded retirement accounts to be used in any way they wish. And if they pay it back in 3 years, there's no tax due! (Completely legal)
İmportant question is how was born the Corona virus and is there other viruses ?
NEW NORM ! RICH RICHER ! POOR POORER !
As a teacher I have to wonder why we don’t teach basic money management in school
Beacuse your not supposed to know that. They want to keep the people dumb
What you can do is if you have a kid you teach him or put your son on a school that teaches that
@@Drippkun that’s facts bro fucking school and bullshit system will all pay for making us waste 18 to 22 years of our live learning nothing smh
If you did that jonny5777, they will set you up for pedophile, sack you and put you in jail. Read what happened to Ezra Pond, the most celebrated American poet.
I've seen a school teaching kids how to invest (trade) before money management and basic economics. That's potentially bad for their future.
It’s scary how accurate this video is for 5 years ago
We need an updated version of this.
There are no plans for a follow-up but thanks for expressing an interest in finding out more.
Your 100 %right on that
@@DWDocumentary Why not? That is exactly what the rich WANT - for you to leave this subject alone.
Omg why isn't DW docs blowing up big time ? ! ? ! Its coverage of finance and environment and nearly all other issues it covers is mind blowing. It's way better than BBC. Keep up the good work !
Because it does not sale ! sensationalism, conspiracy theories ,divisiveness is what catches the the algorithm
"Honesty is less profitable than dishonesty." - Plato
Unless getting into HEAVEN FOREVER is more a goal then short term wealth!
Capitalism has no conscience and capitalists are morally depraved.
@@klydebroox7178 Unfortunately that's what we all are.
@@steveburchfield5576 except their is no heaven
not in the long run
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling,does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
I made up to $21,280 in two week with 3,000 through this *Nguyen* *Brielle* *Osmani* strategy she's just the best I can think now
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock-value.
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Colleen Janie Towe and everything changed. In the first quarter of this year i made $370k and counting.
@@rogerwheelers4322 Prior to that, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're probably using?
@@FabioOdelega876 I thoroughly recommend Colleen Janie Towe, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
@@rogerwheelers4322She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
'It can't go on forever' - four years later and no end in sight ....
Yep
Monetary systems outlast human lifespans.
4 years are nothing in forever tho 😂
True they're just putting duck tape and glue to keep the money machine working at this point.
History repeats its self, remember how long it took for the 2008 fall to happen😁
Never underestimate people's greed.
I'm honestly absolutely disgusted by this
I've only just come across your channel. The quality and consistency of documentaries is outstanding. Thank you.
DW is national television station of Germany 🙂
Best documentaries. Great job DW!
"I sincerely believe that banking establishments are more dangerous than standing armies." Thomas Jefferson 1816
It'a better to die with the bullet in our heads than die with an empty stomach. Not a pleasant ending. And it's already happening. Desperate people taking their own lives for the very reason I've described. 😤😤😤 Bankers should just f@$&% themeselves up and go to hell!!!
Funny I read this exact quote off GARY ALLEN’s NONE DARE CALL IT CONSPIRACY book just yesterday.
Now I see the correlation.✌🏿
What's truly dangerous are the societal fragments that contribute to the growth of the monstrous greedy blobs/ Conventional society is rife with mediocrity and it's this mediocrity that foments elitism/ The egoistic rich wouldn't be rich without slave labor/
Give a man a gun he can rob a bank, give a man a bank and he will rob the world.
@@e.t.3165 exactly it is better to be unserground then suffer povertty
“Money is too important to be left for banks alone” Indeed !
Microsoft via Gates now has the patent for a crypto currency tattoo, which will be inserted as a chip.
It will control your currency via your vaccination history and you might be potentially locked out.
It is called the, "Trust Stamp".
As vice president, Biden, happily stated that all Americans would get chipped at a Congressional hearing.
A true patriot and government whistleblower, Snowden,
had stated that they were going to insert undisclosed nanotechnology aka microscopic robots into the vaccines.
Since the MRNA material was dissolving in the MRNA vaccines, they enveloped it with lipid nanotechnology.
That is why it needs to be refrigerated at a much lower temperature than the J and J vaccines.
The WHO is a UN organization.
Since the Vatican warned the African Kenyans of the undisclosed sterilization chemicals
in the UN vaccines,
the UN pressured the Vatican to liberalize their doctrine and the Vatican said NO
I feel for people who sack money in cash somewhere simply because they perceive that to be safe. Nothing is safe but 0 returns on an inflationary asset is definitely risky in itself.
Thats so true....ppl should find a way out
Please make more documentaries like this or even write a book i will buy it😭 this documentary is splendid!
An updated version, post corona would be very very interesting. Fed printed more money in 1 year than it did in last 10 years.
And, one way or another, most of it quickly went to the rich.
And that is why we buy bitcoin kids.
@@Dovachin people say bitcoin is imaginary money but the fed prints as much as they want at will with no hard cap unlike bitcoin. 🤣 Crypto is the future & it can't be avoided.
We had revolutions in order to get rid of feudalism/oligarcy. However, humans never learn. Here we are again, debt-slaves (serfs), vasalls (Big Corporations/oligarkies) protecting status quo) and the King (FED/US Empire). We made constitutions to ensure «welfare and justice for all», we made regulations/law in order to uphold the constitutions (the will of the people). However we all forgot why human greed needs regulations/boundaries.
@@Dovachin it’s also being controlled
Life for most people: Go to primary and secondary school just to get a piece of paper that piece of paper with a score attached to it will determined which university you go to just to get another piece of paper. Get debt so you can get another piece of paper. Slave away 40 years of your life away to your employer just to realised that your company will abandoned you by not giving you your pension and insurance. Live the rest of your life working in Mc Donald or other low paying jobs. Not the life I want to live.
We have to also be careful on what you want too. The algorithms have programmed us meticulously.
Travel the world? Pay the airline.
Want nice clothes? Pay the fashion industry.
Wanna ‘feel’ modern? Pay the tech giants.
@Rich Greene True. American dream is a hoax and people are still buying into that illusion. I am just shaking my head by thinking about how these people haven't wake up to the fact that they're being robbed of their dream day by day.
coem to Serbia 250euro min vage ez
@@stefan7848I am a digital nomad I can work in Serbia for a standard European wage.
@@serpentzachary1340 yes standard min. Vage but not 250 right?
DW have great documentaries, please don't change!
We need an updated version for this.
People never stop to think about the tremendous amount of harm caused by ultra-low interest rates.
the thing is, every dollar they generate out of thin air, it dilutes the value of every dollar on the plant. This is the issue of fractional reserve banking.
*_Your house isn't going up in value._*
*_Your dollar is going down in value._*
That's the real theft,,, there is no "private" savings with fiat MONEY
@@thepanel2935 true indeed.
@@dianathompson7597 exactly these bloody thieves! the best way is to switch to fine silver/gold.
@@bullionmaster bitcoin!
15:51 - 16:25 is the most insightful segment in this documentary.
Great documentary, thank you for the work!
Thank you, Max, for watching! Be sure to check out our channel for more content.
I have watched this documentary thrice just because I thought it was the best ever... Thanks so much for this lesson
Yeah me too
@Preston Hanson thanks for the recommendation
Life for most people: Go to primary and secondary school just to get a piece of paper that piece of paper with a score attached to it will determined which university you go to just to get another piece of paper. Get debt so you can get another piece of paper. Slave away 40 years of your life away to your employer just to realised that your company will abandoned you by not giving you your pension and insurance. Live the rest of your life working in Mc Donald or other low paying jobs. Not the life I want to live.
@@ivanespinoza9023 I went to thricerary school.
@@TheTruthFadeswithTime28
G
The rabbit hole only gets deeper until you figure out "it's a club and you ain't in it"
Carlin
Thanks for posting
Top notch documentary; THANK YOU DW for this great documentary.
Watching this in 2020 in the middle of the madness makes so much sense! And 2021 is following, what are the odds!
2021
2021 AND now Biden Is talking of printing trillions
This is the most important and relevant video for most of us. I'm from Mumbai, India and same issues being faced. Most of the real estate is out of reach of common men and investor property.
I got lucky in away I was saving cash under my mattress I know bad bad but I just didn't want to be bothered with Bank stuff 😬 then my granny died left me with small inheritance about 15,000 between my sisters and I had saved 55,000 in 2009 we found house at auction for 65,000 the house is now worth $275k so I say this to say save all cash you can with family you trust I don't save in banks personally but once the market takes a noise dive property will be cheaper if you have the cash
@@LauraLancealot but what about inflation?
@Ranjit Tyagi You're rich in your Country, yes??
@@moondancer9066 I'd say they are middle class where they live.
True. Our cities are now unaffordable. Totally unsustainable. When you retire, move out if the city. It is the only way.
We indians shy away from savings ac and started to learn equity market or investment in other asset classes. But to make a better future world must come together and regulate the private banks to some extent otherwise social and financial crisis is ine inevitable.
Namaste from india 🙏
If only❤
And, real estate investors too. They buy valuable land/apartments in the city and make it unaffordable for us common folk.
Such a good documentary, thanks DW for bringing us a material so interesting and well explained 🥇
Thanks for the positive feedback. We appreciate it.
Ironic how the world is flooded w cheap money but most people are broke AF
central banks have to keep the velocity high (print more) or the credit market (most things are paid in credit since the interest rate is so low) will crash, sending every company, bank , and country into a credit freeze. Everything is running on credit.
Cheap money is intended for rich money to borrow and with that money buy up land, buildings, stocks, bonds and property anywhere in the world.
For the poor it means debt.
Most people are broke because they don’t understand how money works and they lack the discipline to do what it takes to become wealthy. People want the latest iPhone, to go on vacation, and to have season tickets for their favorite team. If they had just invested the money from those three things starting in their twenties, they’d be wealthy in their fifties. But that would require discipline and a willingness to wait for the payout.
@@nikkil764
sure like if Everyone just did that, we would all be wealthy. give me a break. Poor people are intrinsic to Capitalism. that's the only way Wealthy people can exist in the first place.
@@nikkil764Bullshit if you saved money for 30 years it would be worth F all at the end of those 30 years due to terrible interest rates and inflation would have massively reduced its buying power. As long as central banks can create money out of nothing instantly devaluing all money in peoples bank accounts all you are is a wage slave doomed to scrap by in old age as everything you have saved for your pension is worthless when you go to access it
This documentary is indeed sobering.
Is there anyone making better documentaries than DW? Top notch 👌🏿
Really interesting to find out what happens behind the scenes. Thank you DW!
Thanks for watching.
This is the problem. Schools do not teach people to be financially literate. Most people are financially literate and unaware of how the financial system works. I was financially illiterate when I left school and trust me, I've made many mistakes throughout my life but at some point, I got sick and tired of making mistakes and vowed to learn as much as I could about finance. Now I am in a much better financial position. I took the time to learn.
Watching this in 2020 during Coronavirus and recession all over the world due to pandemic scares me. But also motivates me to learn more about other possibilities rather than current form of capitalism. To become more self aware. Thanks for the great documents DW.
Hi @Maksym Rudek,
Thanks for watching and sharing your thoughts.
Stay safe and all the best,
The DW Documentary Team
@Hue Man no, mate. this is how new money is created by the commercial banks, it is loaned into existence. That is how today's version of Capitalism, called neoliberalism, works, and it has done so since the 1980s.
@jcllings you gave it away at 3).... the stock market has nothing to do with the real economy, and produces only price inflation and destruction, while NOT producing real investment - it's a speculative Instrument. Which is why we get into repeated trouble (bubble and 'irrational exuberance', followed eventually by 'crash and burn'), every few years. The only real investment that occurs there is when an IPO is offered and bought, and much of that is siphoned off into the early pre-flotation investor's pockets rather than actually being invested IN the company as real assets and material stocks.
Bitcoin is a new system being implemented for the future of economics.
a man with Vision👁🗽😎
The horrifying truth that can no longer be denied is that the relationship between the worker's and owner's/bankers/financiers/hedge fund managers is the same as the relationship between the livestock and the farmer.
Absolutely crazy asF
This, all ideologies are lies told to the worker for the purpose of control...
Goverment is helping corporates monopolize the world.
Farmers respect their livestock ! God Bless...
So...rethink! Who gives them power? Why! Just don't accept that principle anymore. Don't act like livestock!
Thank you DW Documentary for this eye opening documentary.
What an informative documentary. Thanks for the free education.
Thanks for watching and taking the time to comment! Be sure to check out our channel for more content. :-)
Great documentary ; We need more like this to educate people in a simple and straightforward way ..Thanks
This documentary is misleading. "National" banks aren't national, they are private, just like commercial banks, they create money out of thin air.
th-cam.com/video/EC0G7pY4wRE/w-d-xo.html
Power of knowledge is everything and your welcome... 🙄
@@carlpoppa1788 l
He's not getting 0.1% on his savings because of bank charges, so in reality he's losing money by 'saving' it!
I’ve been saying this for years
Because of inflation. The problem is that most of the new money goes to the rich and not the regular people. That's why taxing the rich is important so they don't do this kind of gambling. 40% of all stocks are owned by the 1% and the top 10 percent have 90% of all stocks. When trump cut corporate taxes they used most of that money for stock buybacks thus increasing their wealth. Also, it was illegal to do stock buybacks until Reagan arrived.
Do they not have financial advisors in Germany who advise people on how to invest their money properly based on their age and risk tolerance? I used to work for a financial advisor here in the US and that's all we did was advise people how to invest and protect their retirement money.
Better than putting into a 4 to 10 times overpriced stock market. It is this extreme in US, with small caps at the high end. PE ratios compress in half in bad times. Even without factoring this in, it's 2 to 5 times overpriced. Don't be fooled as to what's the average PE ratio over all years. It's 12, not 16. The inflated figures in recent years has a confounding basis.
Don't forget Inflation
What most people don’t realize is that most of the time when they talk about money, they are actually talking about credit which is a quite different thing.
"The Money Deluge" offers a thought-provoking glimpse into the complexities of our financial world. It's a wake-up call to the challenges and opportunities created by current monetary policies. Thank you for shedding light on this important issue.
Cash flow is king. You need passive income. Your time should be more valuable than money.
And how is it sustainable for every working person to have passive income? Passive income doesn't seem like something which can work on a large scale under capitalism.
I wish I could give this comment multiple thumbs up!
Knee Snap ever heard about investing? That’s how you get passive income.
@@kneesnap1041 like real estate or open a business teach him sum man tell him learn about entrepreneurship
*THAT IS THE MINDSET THAT STARTED ALL OF THIS!* We need less people making passive income not more! Passive income started after the gold standard was cancelled in the 1930s which was the start of this entire problem!
Back in 1968 or so I used to get 4% on my savings account - now I'm lucky if I get .4% - it's one big racket.
i wish you good health
How about getting 2% riskfree
I can get you 6 percent per annum today and more ... guaranteed, legal and transparent!
That was Obama’s solution to the financial crisis well the banks out was very low interest rates create inflation and then the debt is worth less and it’s easier to pay off. You always heard about how seniors so powerful because they vote but I haven’t heard one senior complain about this till this video
The reason why money isn't taught at schools, the masses would see the scam.
Best Documentory keep it up DW..
14:24 - "The city is full of greedy, ruthless, clever people.." I tilt my hat to you good sir!
Who then use that money and buy a farm house in wales lol
they obviously haven't met politicians or local government employees..
It is not from benevolence you get your bread from the baker or your meat from the butcher.
"Who then use that money and buy a farm house in wales lol" Yeap a complete hypocrite.
local government employees are low-paid, but benefited folks who just want to do their job and go home. I hold nothing against them.
Investment bankers on the other hand, tend to lack basic human decency, and wouldn't give a damn if the world burned, as long as they can make money on it.
Source: provided IT support for them at a large global bank.
problem is people who have the power to regulate this scheme also benefit from it, therefore do not expect any miracles
Wow!
Exactly right. It isn't going to happen unfortunately
Yep. Self serving privilege
Very informative documentary @DW. This piece should reach out to larger audience
Amazing how the economic situation has changed regarding interest rates. Our world can change alot very quickly!
The truth is: the game was rigged from the start.
Very true fractional banking has been around a long long time yet wasn't even mentioned in this documentary.
Calling it rigged is a bit sinister a term but yes, there has always been an end game strategy and yes, the cycle will end and a new system will be put in place like it has happened over and over again.
Learn to play the game so that you and your folks can have financial freedom.
You make it sound sinister,it all comes down to a phenomenon called the "Pareto principal" and that isn't a conspiracy its a simple truth of life found throughout the animal kingdom the natural biome even the size of the planets must obey this law.
It wasn't. I was under the line of poverty just 10 years ago. I'm already part of the 1% in my country. I would be in the 15% in America. Just because you do not want to work hard in order to succeed, it doesn't mean that "the game is rigged from start".
@@andresamartins26 Just wait my friend. This covid thing is going to blow up the biggest world economic bubble in world history and everybody will suffer.
I am really addicted to DW documentaries. they are super interesting !
Same im to
Thanks...nobody has ever told me that before....but I have been told I have a gift of gab...lol
Me too.
Neonazi propaganda
So good.
“Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” - Robert Kiyosaki
well, if you make 0 you keep it all
Yes, but let's keep in mind the dollar cost of inflation-targeted economy managed by haves for haves. Have-nots struggle to survive. In this context, this adage doesn't float my boat.@@chompchompkatze
I dont agree. Keep your money on safe and it will gradually become paper by inflation. Owning productive assets as Buffett said is the best choice.
Of course! Whatever produces dividends is a better bet, since it has two values, it's short-term divs then its sale, being stock or real estate. The biggest difficulty is coming up with the first million to do this.@@conuongthanhcong4551
Klauss Schwab : " Yeah " 😈
Thanks a lot for this video
If watching this in 2017 was scary try watching it in 2019 lol
wall st banksters and UN gangsters... that's the evolving link now....
"Tax Transactions", "Give The Power To The State" etc. What Are These Guys Thinking... Insanity Is Doiing The Same Thing Over And Over Again... Stop This B.S. Seperate Goverment And Money And You Will Have Prosparity Beyond Imagination! - This Documentery Is Just So "Left" Thinking... Which Is Why We Are Here, In The First Place...
Yes and try watching this in 2020-21 when the bubble burst
All the pundits claim everything is great! No recession in sight. Trump will save us. Lol! Meanwhile the last of the investors are piling into equities.
@Robert Holyoke......smart people will diversify and put a good amount in brass and copper-clad lead.
There is a saying that's true "The Richer get Richer and the Poorer get Poorer." this video shows and tells us the truth.
*I am one of the richest men in California.*
I've written for 20 years; promoted a YT channel for 7-8 years. Very few people are curious about true wealth creation. Caught in a lie, they don't want to know where they went wrong. 🌿🐡🌾
@@carefulcarpenter It's not about being rich in fact. It's about creating poor enemies. Desperate people will rise. But I think you are will aware. What happened to those rich with a vision, like Carnegy? They gave back. That is how it works...New rich only is greedy, don't care about others or society, general speaking. That is a straight road to personal disaster, for those rich. Wich is a good and natural thing.Call it Karma if you want too. Irresponsible behavior, stupidity.
@@carefulcarpenter yh? Do you wanna send me some money over PayPal ?
I always enjoy your documentation nice information as always.
A well-made video and a terribly sad commentary on the current banking system. Interest rates MUST be raised to stop the profligate borrowing. Savers are being screwed when they are responsible. higher taxes and more regulations are needed.
I fear it's far too late to fix this. The greatest transfer of wealth has been occurring over the past several decades.
current? Go watch Money Masters and Princes of Yen... this has been planned for centuries!
Higher taxes are not needed. We need smaller government, not bigger. Its a black hole for money.
This video is only a tiny peak into how things really function.. Have worked for 2,000+ years!
The poor & middle class are not financially educated. Never have or ever will be. They want to be led & taken care of.
Get educated, study history, & learn the difference between currency & money.
Schools do not teach this. The rich initiated schools so as to teach people to be good obedient, work related workers. The education system was not created to educate people in the true sense. These are documented facts. The population is even ignorant of this fact. They are sheep, being led by their noses and $$$. Sad but true.
Here in germany we have a whole subject in school only teaching stuff like this
If Germans are ignorant about this, just imagine what we Africans know about this topic, literally nothing.
Human 👏 most people are asleep 😴
What steps can I take to learn this stuff?
@@ThomasBlaa start by watching the documentary the money masters. Opened my eyes massively!!
One of the best explained documentaries I've seen. Thank you.
lol, research please.
Best mining trader
Thank you so much for this documentary. Learned a lot!!
Thank you! We're glad you liked the documentary. Subscribe to our channel for the latest uploads! 🙂
Great program. Very clear and well done.
Thanks a lot for watching and for your positive feedback. We appreciate you taking the time to comment and are glad you like our content!
If money was backed by gold much of this chaos wouldn't be happening.
if it was backed up by gold, we would still live in the 1900s especially technologically.
I don’t think that is the problem. Deregulation and corporations are the problem. Currency is abstract. Gold, silver, sea shells or plastic or paper, I don’t think it makes much of a difference. One bad thing about using gold: it’s rare, so i think it potentially restrains economic growth. I’m not an expert tho... and economics is more of a philosophy than science...
@@OZ88 Well you should be happy, 5g is coming. The final nail in humanity's coffin.
The stock market is like a roller coaster, what goes up comes down only to go back up again. many investments are the same way but i love to give the responsibility to an expert sec licensed broker, rather than make the failures the expert made while he/she was still a beginner. A broker with the potential of generating constant positive returns of both rising and falling markets. I have made over $67k this past week amidst the BEAR and ready to dabble for more.
@@VERCINGET0RIX You are correct my friend. The primary advantage of a gold standard is to prevent countries from printing money, causing inflation. The downsides are that the price of gold can be manipulated and the value must change (go up) over time for economic growth.
["This is because the world is built on lies and deception, nothing is real and it will end badly."]without prejudice.
the solution is very simple government made money(fiat) with no debt.
too much money = inflation = government is replaced... its not dictatorship like venezuela or zimbabue where
people cant replace bad government.
debt is only private which means can loan only money that exist.
the more money lent the less there is and the higher the interest(because there is less money
to be lent so people with money want more interest.)
Clive, and you just sit and complain. stop investing in them. get land in an abandoned town and develope an eco village and a food forest. The future is up to you.
Clive how so? we have Real money now no?all printed at will as n well they need to by our master bankers how can this money Not be real? they are as long term good as monopoly money, after all ALL countries are in debt up to their eyebrows so where do ALL countries owe all this huge amounts of money to? you all work I print money as n well i want to, in the end you are ALL my slaves the land the sea the air can produce so much n no more But i print as much as i like in the end you are ALL in debt to me ty people
Yes.
I looked at some of the other replies to your post... In order to gain utter control... all systems will need to fail plunging us into a neo feudal state... and of course without prejudice... and I know what that means... I don't think those reading and replying to your post grasp that thought you tried to convey...
Quality content!!
well explained ...thank you
simply an extraordinary documentary
Not really. A left wing agenda and full of all too obvious flaws about how the Financial System works. Its panders to the 'Occupy' Anarchists but does not reflect reality.
@Murari Kaushik
It does have a bias, yes. But then again, I can't find anything inherently wrong or false with what it's saying.
The financial marked is a huge get-rich-quick scheme. And not just that, it's inherently unstable as shown by the 2008 crash. A lot of what's going on is toxic assets being passed around like hot potatos while everyone's praying that the marked won't come crashing down while they're holding one.
It's also true that major cites are increasingly become the objects of speculation rather than investment. Flats and stores are changing hands at huge sums as the owners are gambling that the prices will keep going up. And the unfortunate result is that ordinary middle class citizens are slowly being forced out of the city and into the suburbs - sometimes even further - because they simply cannot afford to live in the city any more. And what's left is a lot of empty property, serving no other purpose than to be sold and sold and sold again.
And finally, it's also true that banks simply conjure money out of thin air when they want to issue a loan. And it's equally true that they'll only do so when they're sure of turning a profit from it, hence why it's so hard - sometimes even impossible - to borrow money if you need to buy a new house (because you've just been forced out of town) or if you want to start your own business. And that's doubly ironic since the banks don't seem to mind gambling with their money on a wide variety of toxic asset schemes...
See how it's all interconnected?
And so the final point also stands - there's something truly rotten in the financial sector. A few speculators have gotten extremely rich on these mad bets while the rest of us are struggling to make ends meet. And in the long run, that's going to destabilise society as the middle class is slowly sinking into the mud, becoming poorer and poorer while The One Percent is living the good life in their gated communities. And history quite clearly shows what happens when the inequality becomes too great...
@@murarikaushik33 not what they taught you in school ?
One the best documentaries in DW. I would recommend everyone to see this documentary, financial literacy should be achieved at a higher rate, that is the only way for us to overcome this. Even in this documentary when a member of Swiss initiative was giving a pamphlet a person said no to that and moved away from him without knowing the valuable information the other is holding in his hands.
what are you talking about?
lol
@@gabcatyper You are a perfect example of what I was talking about. Lol.
@@karthikbharad223 please read my first comment on this video, I spilled all the beans. Cheers.
gibberish..
central bankstards have us by the shorts... you bear the TRILLIONS of debt our bought officials perpetrate
The propaganda is to keep the masses financially illiterate and pushing to have them care less and less about money
Very informative and much needed documentary.
"pain relief" is a nice way to put it.
In the U.S. we call it "quantitative easing"
I’m so happy I’m old enough to understand this
@Incurable Romanticist money is worth nothing in anyway. They are only worth the energy you gave to earn it.....but spend your energy outside working the land....you will get more out of your energy, let them eat their shitty money......we all must go back to nature and look after each other together.
@@tavoiaiono7885 unfotunatly though mate that aint whats happenin an it aint going to happen sad but true
Interesting! Going to a bank (19:05) to ask what to do with one's money is like an antelope going to the crocodile to ask what to do with it's baby. In both cases, there will be plenty of tears, but on one side it will be "crocodile tears" for sure! :-)
We call that “ tears of joy “
In Sinhala language we also use this term. Crocodile=කිඹුල්
tears= කදුළු while කිඹුල් කදුළු has the same meaning as crocodile tears.
great presentation, thanks
This documentary reminds me of Pandora Papers. Good work DW. 👍
This is one of the better documentaries I saw this year.
Yong Chang Mmhm
Yong Chang i agree 😁
top there with blue planet.
Wow. realy? Guess you don't get much internet over in China.
This documentary is aimed to ignorant people. The reason why the rich get richer is that they have access to the best finance professionals and also their scale gives them better fees. It's a shame that people are being so misled.
Godspeed to all of the people involved to solve this! Your numbers will be small and the work will be hard. It is a good fight. I will contribute what I can.
This is the third time I’ve watched this. It’s good to go back and see it occasionally to understand better why and how the system is broke
Great stuff, guys!
I saw a thing recently that the derivatives bubble is now in the quadrillions. Something like 2 or 3 quadrillion $dollars. It's mental.
When you borrow, it is called Credit. Only when you have positive Net Worth, would I consider that you have "Money".
Good effort. But this documentary barely scratches the surface about the dynamics of money.
Thanks DW Documentary....
This is the best and most useful thing I watched in months! Exceptional information for those who want to wake up and choose to do things differently.
greedy,ruthless,clever people will steal all the money How true
And they keep getting elected into the public office No one thinks Wall Street or any Business has the right to Rule so they dupe you with the religion of government.
Since most people don't understand money they don't even realize they are being robbed.
True words, being too comfortable with what one bilieves can lead to many disappoint. Educating one self is the key.
very well informed
The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went.
Gas, food, meds/Rx’s there you go lol
That person was also probably taxed on that dollar when he earned it and then again when he spent it
@@Valhura77 thats the kicker huh
-Confucius
LOL!! I spend most my money on women, wine, and song; the rest I just wasted.
Excellent documentary. I'm passing this on to my teacher colleague for his economics class. High school.
Hi @Em A, we are glad you like our content, thanks for watching!
It won’t be a curriculum allowed in a classroom because governments would rather not be exposed in their own educational facilities
They have Stockholm syndrome and wont listen
Dude at minute 28:19 was on “vice informer”…..talked about the practices before the 2007 crash
In late '80 when i was studying monetary banking & money.Seniorage : means " margin between cost printing & nominal value of the cash. Maybe true
Very informative and eye opening documentary. Thank you DW:
nope
Can we appreciate the hip-hop instrumentals running in the background? Good job DW ;)
It would be interesting to see the same documentary and research in 2023 😂
After watching this I realized they were talking of the reserve requirement around 30 minutes in. In the US it was 10% prior to covid. In March of 2020, the Federal Reserve changed that to 0%.
These poor home owners dont know what to do with all their money.
When you borrow money from the bank, you need high scrutiny and pay them high interest rates. When the bank gets money from you, you give them willingly and ask for very low interest rates which are actually decided by the borrower banks. That is how rich get richer and poor get poorer.
Rich: Be the bank
Poor: Borrow from the banks
What's even worse is if you don't invest/bind your money in real items like properties/land because the banks are continously lowering the value of money.
@@jensandersson6835 But even when you (So-Called) OWN the Property....it still has to be LEASED/RENTED by way of taxes....or the STATE can STEAL it from you for less than pennies on the Dollar if you do not keep making the Payments on it. So, you NEVER actually OWN anything.
@@codybanks9944 that's so true!! You never really own anything
@@codybanks9944 Yep you never actually own anything, even if you put your money into property, the state, (the political arm of the banksters these days) implement property taxes so even though the money you use to buy property was already taxed they will then go on to tax you multiple times on what you buy with it. This is all designed to keep you as a slave. Most people will never be able to earn enough to break free from the system of enslavement
We havent made interest in Canada for a very long time. Im surprised to see this explained as if it is just happening.