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Yeah. So let's say
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Hot Money

Yeah. So let's say, I think maybe inthe 1970s or so the, total debt of all these...

Yeah. So let's say, I think maybe in
the 1970s or so the, total debt of all these actors,
households, firms, banks, government, the total debt
to GDP ratio was maybe of, of the order 120%

Full Transcript

00:00:01.000 --> 00:00:03.636
- Yeah. So let's say,
00:00:03.636 --> 00:00:06.238
I think maybe in the 1970s or so the,
00:00:07.073 --> 00:00:10.977
total debt of all these actors, households, firms, banks,
00:00:10.977 --> 00:00:15.815
government, the total debt to GDP ratio was maybe of,
00:00:15.815 --> 00:00:18.417
of the order 120%.
Duration
18 seconds
Views
25
Timestamp in Movie
00:14:02
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.
And now that has increased very steadily - Hot Money 00:11
And now that has increased very steadily
- And didn't eat or drive cars or anything, - Hot Money 00:04
- And didn't eat or drive cars or anything,
- Well, I mean, the debt matters to some, - Hot Money 00:08
- Well, I mean, the debt matters to some,
And in that system, - Hot Money 00:05
And in that system,
(soft music) - Hot Money 00:09
(soft music)
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
(soft music)
- 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
(soft music)
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