The Dutch state is a champion of debt, but how exactly does debt work and can you become rich without having to pay interest?
VICE host Abel van Gijlswijk wants to get rich. In the second episode of The Money Game he examines the banking system and debt. If you want to earn money by investing, you will first have to conjure up some capital from somewhere, for example by borrowing it.
Abel looks at the dangers that lie behind borrowing money and how banks work in the first place. And what it means that banks can also spend money that doesn't even physically exist, and so they don't have to take it away from someone else. In this episode, he also meets with a former millionaire who saw his empire collapse and is now deeply in debt. Professor of financial geography Ewald Engelen also speaks, who calls the Netherlands "world champion of mortgage debt" and says that the next financial crisis is not far away, as long as we continue to deal with debt in the same way.
Everything that is fun costs money, and that is precisely why we always have too little of it. But how does that actually work, money? In the four-part series 'The Money Game', VICE host Abel van Gijlswijk talks to the wealthy, and to players, ballers, philosophers and stock brokers to find out more.
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1 окт 2024
