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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43 Responses

  1. Yamagata says:

    only if they know this pawn . .
    0.01percent. lowest interest rates all over the globe no body had this kind of loan all over the world.

  2. blightmoon says:

    This is a mix of good observation and poor recommendation. Yes, banks should be more accountable. That also means less government regulation, but strong enforcement in case of fraud/crime.

  3. Carol Smith says:

    The interesting owner whitely crash because error successively tour along a quickest hot. truthful, nauseating select

  4. catz catcher says:

    That's why…Everyone, must delve into BITCOIN!!!!

  5. James White says:

    This video is so real in 2020 / 2021.

  6. Bumbala rides MTB says:

    I know interest is bad, but how Europe can say there's no inflation when housing prices are increasing every month! It's an essential item for every family, rent or buy. As for Karl, he should buy another house, let it and sell it when the right profit is made.

  7. sahi douco says:

    Inflation will burn your money trough the walls of your safe!

  8. jarod autrey says:

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  9. Cao Nguyen Huy Hoang says:

    If watching this in 2019 is scary, try watching it in 2021.

  10. hanashite channel says:

    he is like questioning forieng investment for sure maybe like that he mean.

  11. Bruce TNT says:

    The biggest prob of those elders is : they keep talking about the past, and they keep comparing the past interests and current world. The world is changing, period.

  12. Rahul Mahajan says:

    I invested in stocks but never knew that the capital markets do have this much repercussions on the normal people who suffer because of low interest rate

  13. Parimal Patel says:

    Watching in 2021 is even more scarier

  14. Reza Sedeh says:

    Two of worst human inventions
    1_ God
    2_ money

  15. MAZTAFLY says:

    WELL!!! RICH PEOPLE …SOON YOU WILL SEE… WE CAN BE KILLERS TOO !!! AND WE ARE MORE CRAZY AND FEARLESS THAN ALL THEIR ARMIES TOGETHER !!! ONE OF MY MAN CAN MAKE YOU ALL DEAD !!!

  16. I'M TRIED TO TOLD YA says:

    Never underestimate people's greed.
    I'm honestly absolutely disgusted by this

  17. jack pellegrino says:

    Most people still don't understand the benefit of investing and creating more passive income sources, that's how you beat the system at it's own game. we live in an online world and the online market is full of lucrativeness and passive incomes. My forex and crypto trades with the aid of an expert Ms. Erica Kiehn got me to millionaire status within few months.

  18. Berlin Moses says:

    You can't fight poverty by just printing more fiat into the circulation. If you mean well for the people, embrace a transparent financial system.

  19. Aaron Daniels says:

    The recent trend is the fact that cryptocurrency traders can never be poor, cryptocurrency is the best form of investment anyone can carry out now. Sometimes when we have that specific money that we want to invest in a particular thing, we always focus on losing or spending it in something else. One reason you need to invest in cryto and it's technology is because; crypto is changing the shape of the economy of any nation that approaches technology and that way being an early adopter gives you an edge over others that will by into it late.

  20. Daniel Stehura says:

    Buy a cheap house and RENT IT……..
    Stupid people don’t buy income property

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  22. david ouellette says:

    Not the currency created bye peoples labour thats creates wealth. The problem is they changed the law they mix the private banks with the investment banks.they have nothing to recoup if they loan you currency and your company fails;. Remember they just pushed a button in a computer. They did nothing remember the currency is back by nothing. They loaned you and have the audacity to change you interest on it. You your company put your brains your hard work and your time into it. What did they do controlled the piggy bank mostly for you to lose.

  23. Shazam says:

    some people deserve to get hurt…

  24. Zachari maureenp says:

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  25. Mehran Jeelani says:

    Why are the central banks allowing 'deposit money' if they know that the big private banks don't have real money? How is it good for central banks?

  26. Infedius says:

    I am a capitalist even tho i only make 90$ a month because of the economic crisis and inflation here in Lebanon. I believe that a perfect capitalism is the greatest and best economic system ever made however it does have a flow that can be fixed easily.
    The way capitalism can become perfect for everyone is by mixing abit of socialism in it (about 5%). Meaning the best economic system is 95% capitalism and 5% socialism.
    What that 5% of socialism is? Well it is a law that would restrict the extremely rich from getting richer by putting a limit on how much money a person can have (or a family can have so that people wouldn't cheat the law by giving their family members money so that can exceed that limit the law requires).
    I'm not a economy expert person so i can't say how much that limit would be but i think it should be high (like about 2 billion dollars) this way innovation wouldn't die. All extra money made will be taxed 100% and all that taxed money would go to projects that help the poor and not on stupid stuff that the government spents the money on like military, or other things that aren't needed these days. Unless the country you live in is China, Russia or America, military isn't that important because siding with one of these 3 countries will offer your country protection from foreign powers, that way you can spend all the money of the government on your people than on your stupid ideas.
    Please let me know what you think about what i said whether you think I'm right or wrong.

  27. Zachari maureenp says:

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  28. Avia Tor says:

    Just a brainwashing fake shit. Nobody prints money. If they print and gave you a loan, you borrow it and buy or build something and that's the collateral backing that money's value. So stop believing this fake shit scaring people. You (the country dw belongs to) are one of the world's top countries laundering Russian sin money and propaganda.

  29. Dr. Leftfield says:

    The bigger they are the harder we'll fall.

  30. nothing here says:

    the rich never get richer.. they get poorer every day in spirit, until eventually they are worn out husks that perish into dust.

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  32. Shailendra Pratap_Singh says:

    Thanks

  33. THE REAL ZENFORCE says:

    "Privatization is better…. so they said" Let's see last decades :
    – SpaceX
    – Tesla
    – Samsung
    – Apple
    – Amazon
    – etc
    all those have made our lives easier by their innovations, what have states (especially socialist states) in the world invented in the last 20 years with the billions of taxpayers money, where are the state innovations all those years for better human lives ???

  34. THE REAL ZENFORCE says:

    People should start to realize that real estate is now where you have the yearly high interest rates and not saving money on bank accounts. Buy a flat or a car garage and rent it. The value of it will grow over the years making more money than saving money on the bank.
    Saved money on the bank will often lose it's worth because of inflation, there is no need to have 150k on the bank. In Germany, you can buy flats for 150k (or 4 car garages) and rent them. It is not lost money, on the contrary.

  35. Miss C Vlog says:

    I have an ISSUE with how she says ISSUE

  36. Joe Ferreira says:

    This done 2017,now 2021 and 40% more money in circulation, middle class battling,poor get poorer,more money for Dictators

  37. Marivaudage says:

    Bankers today are the world's global mafia , fleecing the 99% while enriching the 1%. Rotten through to the core.

  38. Brbhave2p00p says:

    Since 1215 when the barons of England forced their king, John, to sign Magna Carta, the rich has been making the rules for only the rich. The golden rule.

  39. Matt Holder says:

    propaganda

  40. ingod idoubt says:

    And this money bubble shall burst, too!

  41. sidhu prakash says:

    Banks are part of policy of any Govt. and failure of banking system is the failure of Govt.Your channel is misleading public who are voted against the govt. Of late many government around the world combined with ruling front and opposition brought up many policy under "common minimum programme" is the culprit and they need to be undergo trial and hanged if the system is rotten .

  42. Warren Arden says:

    Legit scary doc in 2021

  43. Samantha Dick says:

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