The secret of debt that never goes away no matter how much you pay it back, the financial trap│You c

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EBS Documentary

Published on Oct 27, 2023
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※ This video is part of <Documentary Prime - Capitalism Part 1 Money is Debt> broadcast on September 24, 2012. It contains the truth about capitalism that no one tells you. The flow of money that you absolutely must know for yourself and your children. If you live without knowing this, you will become prey to capitalism. We have always wondered. Why do prices only rise? Why does my debt not disappear no matter how much I pay it off? What on earth is the “subprime mortgage” that the news always talks about? Facts that I vaguely thought I knew but didn’t know at all, but truths that I absolutely must know. So why doesn’t anyone tell me? Am I someone who is being manipulated and living in a capitalist world, or am I someone who is living properly? We must know the truth about capitalism. Only those who know the truth can survive. We who live sailing the endless sea of ​​capitalism! Where is the lighthouse and compass that will help us find the right path without getting lost? Now, we present a way to see the truth in the capitalist era and a way to enter a world governed by the new principle of money. The Principle of Money Circulation Money is essential for living life. We live in constant pursuit of money. But how much do we know about money, which is so important? No, how much do we need to know? What is the value of 10,000 won? Why is this piece of paper worth 10,000 won? It is because of trust. So why do we believe in its value? The magical trick hidden in money by banks. There is no interest in banks? The money stored in banks is only 10% of the money we entrust. So where does all the money we entrust go? Starting from the background of the birth of banks, we dig into all the truths that banks have tried to hide from us, and trace the combination of financial power and political power through the magnifying glass of the United States. And we dissect in detail the secret of debt that does not disappear no matter how much you pay it back, and the reality that we cannot escape the trap of finance. We also learn about the surprising mechanism by which the global financial crisis can turn me into a loser overnight, and we search for ways to overcome the crisis, survive, and become a winner in the capitalist world. ✔ Program name: Documentary Prime - Capitalism Part 1 Money is Debt ✔ Broadcast date: 2012.09.24 #GolladyeonDocumentary #DocumentaryPrime #Capitalism #Economy #EconomicDocumentary #Democracy #Injustice #Inequality #CapitalPrinciple #Money #Income #Wages #Salary #Bank #BankofKorea #Currency

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