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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[jonny]

As a teacher I have to wonder why we don’t teach basic money management in school

[tehjaswinkalamanimani]

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 !

[luchalerae]

It’s scary how accurate this video is for 5 years ago

[wildernessandme]

We need a new documentary on this topic post corona virus.

[stevenkerstreven]

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

[tamajoseph]

The reason why money isn't taught at schools, the masses would see the scam.

[ericksonmiranda]

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.

[Rickwmc]

"Honesty is less profitable than dishonesty." - Plato

[illegalsmirf]

'It can't go on forever' - four years later and no end in sight ....

[thomasroth]

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?!

[hueyahumana]

“Money is too important to be left for banks alone” Indeed !

[TheOne-uosv]

The rabbit hole only gets deeper until you figure out "it's a club and you ain't in it"
Carlin

[bothoseretse]

Please make more documentaries like this or even write a book i will buy it😭 this documentary is splendid!

[hondusspa]

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.

[marywalters]

"I sincerely believe that banking establishments are more dangerous than standing armies." Thomas Jefferson 1816

[ianboard]

People never stop to think about the tremendous amount of harm caused by ultra-low interest rates.

[jamestaylor]

DW have great documentaries, please don't change!

[nononsense]

An updated version, post corona would be very very interesting. Fed printed more money in 1 year than it did in last 10 years.

[serpentzachary]

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.

[ryanwilkins]

I've only just come across your channel. The quality and consistency of documentaries is outstanding. Thank you.