Philipp Enders Loses His Investments (01:56)
A Fortune Teller explains how emotional attachment to money corrupts rational decision-making. Philipp visits his investment adviser and finds his savings disappeared.
Where Did The Money Go? (04:01)
Philipp finds a cellphone app that will show where his money went; he lands at an abandoned construction site. Economist Tomas Sedlacek explains how money changes as banks lend it.
How Did Money First Start? (01:02)
After hunters and gatherers began to specialize work and barter, value differences and transportation brought about the eventual use of the coin.
First Standardized Bronze Coin (03:07)
Philipp lands at the ruins of Sardis where the coin was born over 2,500 years ago. Professor Oguz Tekin explains problems with early coins and shows a Lydian standardized bronze coin.
Linking Money with Precious Metals (03:02)
Metallurgist Dr. Eric Becker notes, in a DJ scratching fashion, the properties, sources, uses, investment and relative value of gold.
Paper Money (00:56)
From the 15th century, special banks stored gold and silver. Owners used official bank receipts for exchange, establishing the Gold Standard. Paper money became standard exchange.
Gold Standard (01:59)
Economist Dr. Guntram Wolff explains how national banks abandoned the Gold Standard to create more money and to finance WWI. Monetary value is related to economic output.
Creation of Money (03:05)
People trust the Central Bank to provide a certain amount of money, assuring its value. Benoit Coeure talks about the creation of money within the banking system.
Interest is the Price of Money (02:09)
Money is a digital number on balance sheets and in accounts. Money creation via loans fuels the economy. Bank reserves are borrowed at base rates from Central Bank.
Concept of Interest Rate (02:38)
Tomas Sedlacek notes interest rates were mentioned in all religions and cultures. Interest is the cornerstone of today's society.
Stock Markets (02:56)
Philipp considers buying shares in a company. Stock trader Philip Schroder explains how traders speculate on changes and inefficiencies in the market.
Attractive Ruin (03:20)
Philipp looks for a safe investment. In Spain, squatters occupy the abandoned buildings that took his investments; they lost their home due to bank speculations.
Housing Bubble (02:53)
When interest rates are low, people buy more houses, raising real estate prices, construction booms and investors jump in, but if interest rates rise, the bubble bursts.
Beneficial Competition and Evolution (03:24)
Economist Robert H. Frank cites Adam Smith's Invisible Hand idea and relates it to evolution.
Inequality of Wealth (01:53)
In Brazil, Philip notes the inequality of wealth despite the surge in economy. Liberation theologian Frei Betto accuses capitalism for ignoring the rights of human basic needs.
Unequal Distribution of Wealth (03:18)
The world's $241 trillion is distributed graphically by population with 90% of world population owning a sixth of its wealth. The 90% pay interest to the wealthy 10%.
Alternatives to Capitalism (01:22)
Professor Mark Davis asks, what is the end point for economic growth? There is enough wealth to attend to the basic needs for the world population, but progress has been linked to economic growth.
Economy for the Common Good Movement (01:36)
Activist Christian Felber explains the purpose of the economy and the definition of the Common Good according to the Universal Declaration of Human Rights.
Local Money (03:11)
Philip finds himself at a street market in Seville where people pay with local money. Rocio Lopez and Fran Machado explain the benefits of the Pumarejo social currency and its limitations.
Hybrid Systems (02:09)
Author Giacomo Corneo says the complexity of today's global markets prevents an easy solution. Hybrid systems, including market socialism, may supply alternatives.
Call for Change (03:28)
Experts agree the economic system must change, but point out the economy must meet the needs of society.
Resetting the Economic System (01:59)
Comparing the economic system to a computer system with a glitch, the economy should be reset, fairly, rationally, without bloodshed.
Credits: Money - A Confused User's Guide (00:33)
Credits: Money - A Confused User's Guide
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