How the rich get richer – money in the world economy | DW Documentary
How the rich get richer – money in the world economy | DW Documentary

How the rich get richer – money in the world economy | DW Documentary

In our documentary series, this time you can watch a new documentary called "How the rich get richer – money in the world economy | DW Documentary". To watch this documentary please click the title or image above. More details and video can be found in the article. Have fun watching.

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

In our documentary series, this time you can watch a new documentary called "How the rich get richer – money in the world economy | DW Documentary

". To watch this documentary please click the title or image above. More details and video can be found in the article. Have fun watching.

Watch full How the rich get richer – money in the world economy | DW Documentary for fee. All details and information about How the rich get richer – money in the world economy | DW Documentary can de found below.

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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Meo – 2018
LiteraryBlog.net – Documentaries Blog
‘Mehmet Şentürk

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