How the rich get richer – money in the world economy

  • Published 7 months ago
  • 9

It is one of the most common sayings. The rich get richer, and the poor get poorer. But exactly how that happens?

We hear this saying not only in the business world, but in the sports world as well. For example, when a great championship team manages to get a great player to improve its roster, we say the rich get richer.

But back to the world of money and economy, how are some people able to amass more money? It all comes down to the central bank that has a policy of cheap money.

And it all depends on the European Central Bank, a bank that buys bad stocks and bonds to save banks, tries to fuel economic growth, and props up states that are in dept. And while all that sounds good, the reality is that by doing it, the European Central Bank promotes a policy of cheap money.

Let’s be honest, the ban should try to fuel economic growth. But the fiscal policy of the European Central Bank, as well as other central banks is fueling an uncontrolled global deluge of money.

And the result is more expensive apartments in London, more expensive real estate in Germany, and so on. The winners are the rich people, and they are getting richer.

This DW documentary tries to explain just how the money in the world function, and why the rich are constantly getting richer.

From Around the Web

Related Videos

Economics
reid hoffman linkedin
youtube icon
59:19

In the past several years, Linkedin has become the main source for finding jobs. When it was introduced, the social network was imagined as “business side of Facebook”. ...

  • 261
  • 3 weeks ago
  • Not Rated

This short documentary shows you how hard it is to create a documentary regarding fair trade. It is a subject that is popular, but also very limited in terms what is out ther...

  • 318
  • 1 month ago
  • Not Rated
Short
stock market 1
youtube icon
03:34

We hear the word “stocks” on a daily basis. But what are stocks? Financial and economy experts understand them very well. But not all of us is an expert in finance. Som...

  • 521
  • 2 months ago
  • Not Rated

Blockchain is the leading software platform for digital assets. In 2017, Blockchain and bitcoin were among the most searched terms on Google. We can safely say that 2017 w...

  • 836
  • 4 months ago
  • 9(1)
Avatar

3,765 Videos / 7,240,989 Views
Tags

Related Articles
The G20 is an acronym that stands for a group of 20. The G20 is a group of 19 countries plus the European Union, trying ...
  • 487
  • 4 months ago
Bitcoin was founded in 2009, but it didn’t really became popular up until 2013. Nowadays, Bitcoin is more valuable tha...
  • 1,509
  • 7 months ago
Fort Knox was originally opened in 1937 as a depository for gold. Nowadays, the building is one of the most secured plac...
  • 4,382
  • 1 year ago
Chocolate was first invented by the Aztecs, who made chocolate from ground cacao seeds. They added seasonings so that th...
  • 2,027
  • 1 year ago