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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How the rich get richer – money in the world economy | DW Documentary
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How the rich get richer – money in the world economy | DW Documentary
d v financial
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Wow. As an American, I can say this would never make TV in USA which is a shame. Most of this video was very true and basically only 1% of Americans would know this stuff. I’m glad this has circulated into our country via YouTube so more people can learn.
Bitcoin.
This aged well
With such low rates of interest on savings accounts, you do just as well to put your money in your sock drawer.
Over the past few months I have made huge profits on my investment since i started trading with mrs sara camilla, her trading strategies are top notch coupled with the little commission she charges on her trade
"C: The Money Of Soul And The Possibility Of Control."
Money, get away
You get a good job with good pay and you're okay
Money, it's a gas
Grab that cash with both hands and make a stash
A new car, caviar, four star daydream
Think I'll buy me a football team
Money, well, get back
I'm all right Jack, keep your hands off of my stack
Money, it's a hit
Don't give me that do goody good bullshit
I'm in the high-fidelity first class travelling set
You know, I think I need a Lear jet
Money, it's a crime
Share it fairly but don't take a slice of my pie
Money, so they say
Is the root of all evil today…
nothing new…
The working class savings will get devalued that’s why going crypto is the best way to save and make wealth.
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.
That doc got me thinking. It is not the government that controls the fiat money anymore it is the corporations. Much like a cyberpunk future
DW seems unaware of the benefits to society the money supply has provided. Not all good, of course, but the 11% savings rate meant a huge burdens on businesses and consumers. And who benefits from high interest rates? The same banks criticized in this piece. DW doesn’t mention that they are simply adapting to the changing environment. We all, as individuals, must do the same.
,,, when-ever s.o. comes up with a ' this would be the sensible strategy ", next followes a list of list of never-never incidences …
,,, the roman dream,, the cult of kROesus …
,,, and they do it again in this millenium…
If we really want empowered change, we must look beyond currencies that put prices on our heads. Any worthwhile currency must be based on the work of the people. Such a currency must be free to use: no tax, fees, costs. Only then can a currency be regarded as a true exchange of energy. Add to this a ‘bank’ that pays for education and infrastructure, and we have a currency that values creating experiences to empower the most people in the most sustainable way possible.
@BUXXB.
Why would someone not want to have their money in a bank account yet have it in a storage box in… a bank….
asset inflation in stocks, real estate, etc will reverse as soon as the market expects interest rates to rise again to longterm average of 4% or higher…….
Inflation is welcomed by governments too as the can easily get rid of their debt. So it is coming the question just….when?
Thank you.
THEY STEAL, LIE ,
it's kind of a pyramid scheme it seems. system sucks. 21st century and this. there wouldn't be any winners if there weren't any losers like the saying goes. so many people making money off the backs of others. shell corporations and people in banking and finance and such that really don't contribute to creating anything of value, just sucking the life blood out of the system and economy having everyone else carry the weight while they act like fucking kings and queens. I'm sick and tired of being sick and tired. fuck the world i hope an asteroid hits this planet. people are animals, but most animals aren't people. this world is going to hell and when the glaciers melt, good, people will look back in a hundred or so years and curse those that created this fucking mess. but today, some of those people don't have a care in the world, nor should they. people are getting stuck in overpriced housing while others reap from the buying and selling of such properties. larges corporations with their super duper nano second computers reap the most gains from the market while the smaller fishes collectively lose. zero interest rates benefit mostly bigger fish at the expense of the smaller fish. where the fuck is nemo?
Absolutely excellent program, until the end all Trump and BREXIT. No, as you said in the program earlier, Clinton de-regulated the banks and Obama gained from the initial boom. If this was not the case Biden would be re-regulating. All we need is a Democrat or Labour Government, good luck. I was in the UK with Brown and Blair and they were all about superficial bling and the City de-regulation.
This is a great documentary, It's even worse in the U.S. I am weary of taking on debt. Here it is used to keep you enslaved.
The bomb is still ticking….
This not a conspiracy theory, this is the conspiracy! Capitalism is the root of all evil. Ppl everywhere are getting poorer on a very large scale and we’re fu**ed
I guess they haven’t heard of Bitcoin or Cyrptocurrency yet
Bitcoin is the answer for this madness
Simple solution is buy gold, use gold and hold gold
I heard about this insulting reality. How can this be' changed? It seems impossibile by corrent democratic systems. I do not understand how all past politicians have not been held accountable for this disaster.
MONEY !! MONEY !!! IN A RICH MANS WORLD !!!!!!!! THE ELITES !!! OF COURSE ! WHERE DOES THAT LEAVE THE " POOR" ???????? ALL VERY TRIBAL!!! FROM U.K. (2021).
Weimar Republic than Hitler
And now we have crypto 'currency ' too…return to the gold standard would mean a crash…continuation of this bubble will mean a crash.