The rich gets richer, the poor gets poorer | 97% Owned (Full documentary)

Video Description

Prices keep climbing, workdays are stretching longer, and yet our wages remain stagnant. It's becoming a distant dream to have a home to call our own, but it wasn't always like this. This documentary investigates the deep and often misunderstood sources of all problems: Money and Power. Where does it come from? Who decides how it gets used? And most importantly, what does this mean for the millions of us feeling the pinch, while a select few at the top greatly benefit from this skewed system? These are tough questions, but you might be surprised at how straightforward the answers can be. ------- Chapters ▷ 0:00:00 - Intro ▷ 0:04:12 - Seigniorage ▷ 0:08:08 - Commercial Bank Money and Digital Money ▷ 0:10:30 - Misconceptions ▷ 0:14:08 - Expansion of commercial money supply ▷ 0:19:03 - Issues with allowing banks to create money ▷ 0:24:01 - Paradox of the system leads to cyclical crisis ▷ 0:26:22 - Matter of democracy ▷ 0:27:38 - Central Bank Reserves ▷ 0:34:50 - A short history of money ▷ 0:38:18 - Fiat Money ▷ 0:40:25 - Growth & Inflation ▷ 0:47:12 - A short history of bubble ▷ 0:52:03 - How to avoid inflation ▷ 0:54:45 - Decrease in the standard of living ▷ 1:00:11 - Ever increasing debt ▷ 1:12:29 - International aspects ▷ 1:16:23 - Currency wars ▷ 1:27:16 - Financial imperialism ▷ 1:31:54 - Financial instruments ▷ 1:38:49 - International currency reform ▷ 1:41:02 - Credits #Documentary #economy #recession #debt #inflation #fulldocumentaries #WocomoDOCS ------- Subscribe to wocomoDOCS: https://goo.gl/sBmGkp Follow us on Facebook: https://www.facebook.com/wocomo ------- Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, 97% Owned demonstrates how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis. Original Title: 97% Owned Directed by Michael Oswald © 2012, Licensed by Sideways Film ------- Documentaries about politics, society and science produced by leading studios around the world. Our goal is to be a reliable source of high-quality information and investigative journalism for a better understanding of relationships, backgrounds and future developments. Check out our other channels to watch high quality documentaries: ▷ wocomoHUMANITY: https://www.youtube.com/wocomoHUMANITY ▷ wocomoWILDLIFE: https://www.youtube.com/wocomoWILDLIFE ▷ wocomoHISTORY: https://www.youtube.com/wocomoHISTORY ▷ wocomoTRAVEL: https://www.youtube.com/wocomoTRAVEL ▷ wocomoCOOK: https://www.youtube.com/wocomoCOOK Wocomo DOCS is part of the Wocomo channel network by NIKITA VENTURES. Wocomo - wonderful content in motion.