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Hot Money

(soft music) How much debt do we needto generate $1 of GDP?

(soft music) How much debt do we need
to generate $1 of GDP?

Full Transcript

00:00:01.000 --> 00:00:03.047
(soft music)
00:00:04.017 --> 00:00:09.343
How much debt do we need to generate $1 of GDP?
Duration
9 seconds
Views
25
Timestamp in Movie
00:14:50
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
For the economy to create one extra dollar of income, - Hot Money 00:12
For the economy to create one extra dollar of income,
(soft music) - Hot Money 00:05
(soft music)
That is what GDP is, you can also call it differently. - Hot Money 00:04
That is what GDP is, you can also call it differently.
You can say it is value added, created by producing stuff. - Hot Money 00:06
You can say it is value added, created by producing stuff.
- And as a result of emphasizing on the GDP, - Hot Money 00:09
- And as a result of emphasizing on the GDP,
There is some selling, there is some buying, - Hot Money 00:07
There is some selling, there is some buying,
(soft music) - Hot Money 00:10
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- So, you know, it's like Keynesian economics, - Hot Money 00:07
- So, you know, it's like Keynesian economics,
But today it takes more than $3 of debt - Hot Money 00:06
But today it takes more than $3 of debt
So in order to create more money, - Hot Money 00:07
So in order to create more money,
- It's that access to credit and the kind of ability - Hot Money 00:11
- It's that access to credit and the kind of ability
- So there is a very, very strong relationship - Hot Money 00:10
- So there is a very, very strong relationship
(soft music) - Hot Money 00:17
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With a 300% increase in spending on furniture, - Hot Money 00:09
With a 300% increase in spending on furniture,
Despite the fact that wages were pretty stagnant - Hot Money 00:04
Despite the fact that wages were pretty stagnant
- So this is the Wall Street Bull, - Hot Money 00:10
- So this is the Wall Street Bull,
- Our democracies basically have become dependent - Hot Money 00:09
- Our democracies basically have become dependent
- Over the course of my career, - Hot Money 00:05
- Over the course of my career,
I was a space physicist for NASA - Hot Money 00:06
I was a space physicist for NASA
I was on the Hubble Space Telescope team as a scientist. - Hot Money 00:05
I was on the Hubble Space Telescope team as a scientist.