Volker Pispers - Capitalism & Politics - The Western World's new religion | GERMAN SATIRE PART 2

Volker Pispers - Capitalism & Politics PART 2 - The Western World's new religion: REACTION
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[@littleSchiggy11]

Unfortunately, the subtitles in this video are really bad. Badly translated and very badly timed. But you fought your way through it and got it, respect for that!

[@klausoxen6597]

Pispers was one of the "nastiest/most honest" Comedians in the German-speaking World. He spoke plainly, regardless of Etiquette! Unfortunately he said goodbye to the Stage in February 2021. Greets from Germany 😊

[@watzesnow7169]

What he is talking about is not the problem of germany, it's a wordwide problem. We all have to think about this. Together!

[@michaelgrabner8977]

At 5:55 He didn´t spoke of a "specific financial crises in Germany" he spoke in general terms locally about the word financial crises of 2008 and its repercussions which of course also had an impact in Germany even years later as well as like as it had an impact for years world wide and in many countries even way worse than in Germany..but that would be now an other topic.

[@nettcologne9186]

The financial crisis of 2008/2009 was worldwide, Germany came through quite well.

[@cutterboard4144]

xes, but at what cost? who had to pay for us to come out of the financial crysis that well? without any backgroung knowledge i guess it were the greek.

[@SogiSigiSogi]

@@cutterboard4144 Deutschland kam gut aus der Krise, der deutsche Normalbürger, Sparer und zukünftiger Rentner aber nicht. Denn durch die Maßnahmen der EZB wurde massive Geld gedruckt und der Zins der Staatsanleihen sank dadurch auf fast 0%. Das ist aber ein riesen Problem. Denn einige Finanzprodukte, wie etwa Lebensversicherungen und Riesterrente haben die Vorgabe, sicher zu sein, sprich der Wert der Produkte darf nicht zu stark ins negative schwanken. Dies kann somit nur mit Staatsanleihen gewährleistet werden, Aktien hingegen können kurzfristig mal 70% des wertes verlieren. Das bedeutet kurz gesagt, je niedriger der Staatsanleihenzins, desto höher muss der Staatsanleihenteil sein. Ein Teufelskreis. Ein breit gestreutes Aktienportfolio macht in der Regel auf lange sicht 6% Zinsen pro Jahr, bei Riestervertrag und Lebensversicherung kann man aber froh sein, wenn man denn eingezahlten Betrag wieder bekommt. Und das ist schon schlimm, weil 2% Inflation von der EZB angepeilt wird. Sprich, du hast jedes Jahr einen Kaufkraftverlust von 2% auf deinem Euro. Zudem wurde schneller Geld gedruckt, als die Wirtschaft gewachsen ist. Dies führt zu einer massiven Inflation. Jaja offiziell Zahlen sagen was anderes, aber jeder sollte sich mal Fragen, warum Wohnungs und Baugrundpreise sich in wenigen Jahren verdoppelt haben. Tragischer wird die sache nur noch dadurch, dass die Politik die Riesterrente der Bevölkerung aufgeschwätzt hat. Zum Abschluss sei gesag, dass war die Situation vor Corona und Ukraine krieg. Dieses Jahr haben wir stellenweise eine Inflation von 8%. Die Mehrheit der Deutschen ist somit am Arsch

[@user-fy4qb1nm4d]

Stimmt und sie ging von den USA aus.

[@Farukino]

At 5:19 I'm not sure if the context is clear: 'Honecker' was the Head of former East Germany (GDR) and therefore carried big responsibility for the East German wall. Pipers' reference to the 'old riflemen' meant the guards of that east German wall. It's supposed to show the cynicism behind the immigration debate regarding Europe. The sense is that most people acknowledge the clear faulties of the east German wall, but the outrage when it's about shutting Europe down for immigrants is far smaller than about the East German wall, not only that, but you can actually find many proponents of anti immigration policies.

[@michaelkusica5333]

still impressed, you nailed it all

[@ShaeDerEinzige]

Boom! I am a work in progress!

[@Benjamin-xl6dl]

15.08.1971 Nixon killed the gold/Dollar. The Dollar/oil Connection begun

[@randomcommenter494]

There's a mistranslation: At 1:27 he repeats the word "teilt" or "teilen" which in the subtitles is translated "divide". In this context however, the correct translation would be "share". It's about whether the rich in Germany share their wealth with the poor, whether the rich country Germany shares its wealth with the poorer states in Europe and whether the rich Europe shares its wealth with the poorer countries in the world.

[@Philemaphobia]

One persons debts are another ones assets: that’s a core principle of capitalistic economy. It’s the first thing you learn in trade school (over here in Germany, but it’s the same principle around the world, that was developed in Italy at the end of the medieval period) Capital are debts. Always. Equity capital are debts of a company to the owners. Outside capital are debts to other people, companies and banks. Together they are the assets of a company. That’s called balance ( I shit you not)

[@R2BMusicCH]

That's how it goes. Banks generate currency out of thin air. And then somebody has to do some overtime to pay back the interest.

[@rashomon351]

Hans Olaf Henkel was the president of the Federation of German Industries (BDI) and therefore never an advocate for workers rights. Quite the opposite. Die "Bild Zeitung" is quite an infamous newspaper in germany (maybe like the Daily Express in the UK).

[@RollStone77]

I agree to the comments below which say the subtitles are really bad. Volkers speech is a really good one, but it is really messed up by the quality of the subtitles (speed as well). One small example: Volker is talking about hte africans (beginning of part2 or end of part 1). He said: The Africans will recognize that it is not worth to cross the ocean with a single small boat. They are going to come with a lot of boats (Subtitles say: Come with a lot of messangers). The translation issue is the following: The plural of boat in germans means "Boote". Unfortunately, "Boote" has the same pronunciation as "Bote", the german word for messanger. Anyway. I enjoy your reactions and your passion. Keep on going! Many thanks.

[@nucnuc7591]

Was 20 years ago my hardest change of understanding the world: When you understand capitalism in the core you are becoming angry somehow. At some point you calm down...but the initial hit to your worldview. And I started to hate/pity my teachers who were to incompetent to answer the most basic question: (I remember asking: Why oh why do we need to earn 3% more each year? Basic understanding of math tells you: trhat can´t go well too long: Answer: too complicated. 10 years after scholl a 40 minutes video explained it to me) Praise KZbin. If any kids are reading: use youtube and all the knowledge to your best. We didn´t have this knowledge at our hand when we were young. But reserach the source. There are also too many lies out there.)

[@skeltek7487]

You're only scratching the underside of the iceberg. Imagine spending 1000$ on a PC each year. In a year you would be able to buy twice the amount of CPU power, harddisk space, memory and so on - meaning your money has doubled in it's worth. 10 years later, you would be able to buy 1.024.000$ worth of computing power by todays standards -> thats more than a million dollar worth of PC. Your money has drastically increased in value. Of course, such things are also considerated when calculating the official statistical inflation. Assuming you spend another 1000$ each year on bread, but the bread price doubles each year. Then after 10 years, you would not be able to buy 1$ worth of bread by todays stadards. You would starve, but your 2000$ you could spend on bread and PC today, would be worth 1.024.000$ + 1$ = 1.024.001 $ in 10 years, which equals a massive DEflation by the governments statistics. Great Brittain started the trend of falsifying the inflation with tricks like this a few decades ago, and most western nations have adopted that. In school, I often told my teachers what was wrong about their explanations and pointed out flaws and errors in their depictions of the economic system. I always got bad grades for that. Today, after having studied engineering, math and computer science, I know I was right, but they just did not anyone to 'disturb' them indoctrinating the other children.

[@markokopel]

It wasn't a German financial crisis, it was a worldwide crisis, startet in August 2007 by the US financial markets.

[@modtec1209]

11:10 Gold reserves, good one. The Gold standard of the USD hasn't been real since about the Korea war, at least. In 1971 Nixon officially abolished it, because every USD hat "can be exchanged at the federal reserve for its value in gold" written on it and he knew that the amount of gold needed to do that with all printed Dollars back then simply didn't exist. Today ALL currencies are book money, they are worth what the participants of the exchange are willing to give you for it.

[@llothar68]

And you can blame the french government for this. They started to insist on converting their dollar

[@patricknonn4931]

Complicated as well for a none native speaker... but well done. I like Volker Pispers...

[@yohanmeyr6392]

What shoks me the most, is that in 2022 people still think that Money is based on Gold ! WOW

[@habi0187]

You are true this is shocking but also shocking is the fact that a gold backed currency is as worthless as the book based currency since gold doesn't have a real value if you really think about it. It was used because people liked it and because it is rare that's all. This means a good backed currency is also based on the convention that gold is valuable exactly the same as there is a convention that printed paper is valuable. This is the problem of all currencies they are all just based on the convention that a certain object or nowadays bits in a computer system are representing a certain value as equivalent of working time.

[@xxJOKeR75xx]

any child can tell from instinct there can't be a thing like eternal growth - and then we send it to school and teach them economics.

[@Geneva1906]

Hey Shady. Great React, thank you :) My grandmother always said: money attracts money. And she was right.

[@thomaskummer8784]

There is a swarm, and Volker pokes, pokes and pokes. Keep it going.

[@raisti6608]

Awesome to see your process of realization and eye opening ;)

[@lino6415]

President Nixen decided on a Sunday afternoon 1971 that Dollar is reserve currency money no longer based on Gold reserves and the world accepted. maybe because no one have the power to say no, or all leaders get paid enough to feel fine.

[@Keinerliebtmichsowieich]

Thank's for Reaktion 🙂 Greetings from Germany.

[@maeling2812]

Du bist so sympathisch und cool 👍!

[@thomassommerfeld8494]

6:10 In fact, the world had an economic crisis in 2008. In germany we had mostly troubles with VW (the car factory) and other industries and many workers had to work part time or even go home. All because to the bank crisis of 2008. and about 7:00 when Volker says that in germany once the money had lost it's value. Check out the Hyperinflation... in November 1922 one dollar was worth 3,4 trillion Reichsmark. one bread for 300 billion ...

[@aufr1435]

Es gab noch eine zweite praktisch komplette Geldentwertung, als 1949 im Zuge der Währungsreform/DM-Einführung das gesamte bisherige Geldvermögen entwertet wurde und Jeder 40 DM bekam. Wer hat in beiden Fällen profitiert? Menschen die auch anderes Vermögen hatten: Fremdwährungen, Aktien, Immobilien, also der wohlhabende Teil der Bevölkerung..

[@Patrick-on2ty]

Bild is like the sun

[@sockosophie3132]

your throat must be hurting from all these hard to swallow pills in such a short period of time, whilst no yet being accomodated to german humor :D. Reality and that that people admit it is just so freaking hillarious^^

[@Harzberg]

One question - what is this humming sound in the background? 😂 Anyways, great video! Much love from Germany :)

[@Kyouma.]

15:11 Exactly. You've got it

[@santaclaus0815]

In politics, the paradigms of business administration have supplanted the arguments of the national economy. The result is a policy of pro-capitalism. Nations are not enterprises. Citizens are not employees. Capitalism developed at the beginning of the colonial era, when voyages of exploration and conquest opened up and exploited new colonies. At that time, the interest that a rich European gave the ship's captain was still huge, because exploitation and robbery is "easy" if you have the far better weapons. From an economic point of view, a well-functioning capitalism is based on an infinite supply of resources that is easy to exploit. But since then the planet has "meanwhile" become finite.

[@x3nium348]

2008 was a world financial crisis that was started by the US housing market.

[@ekimleshuef8307]

learn more than you laugh by Volker Pispers…🤔that's funny😂

[@arnodobler1096]

Lindner "Geld aus der Zukunft" debt Sondervermögen i love it, but my Bank 🤔

[@H1rNf1cK]

In all big Religions "Interest" (Zins / Wucher) was forbidden... For a Reason, as You can see... ^^

[@ultimateenforcer5382]

Goldstandart ended in Year 1971 my friend... ;)

[@SidFreedman]

this... exactly

[@taupegrillon5975]

Dear ShadyShae, yes we are slaves to the system and the UK has even less industry and more bank business. a few people do have all the money and other peolple have to have two or three jobs to survive. how can you afford a nice appartement in london?

[@ShaeDerEinzige]

Most people have 2 jobs. Otherwise it's hard.

[@strenter]

Through time since this video came out and through the corona pandemic it became even worse - the poor gotten even poorer, and a few rich people becoming way richer.

[@dks1386]

Guter deutscher Humor, ich liebe es Weiter so Max giermann ist auch lustig der macht klaus kinski richtig gut nach Tipp von mir 👍💪☮️

[@Illusive1313]

Money is only based on trust nowadays. Doesn't matter if euro or dollar. The dollar doesn't have a gold standard since 1933. The euro never had one.

[@robertbaltha3371]

Bro, the whole world had a financial crisis? 2008 Lehman Bank collapse?

[@MrTp1968]

Bild is like Sun in Uk

[@thomasritzinger5782]

If you want to learn more abt the financial crisis of 2008/09 i recomment you to watch the Movie The Big Short, they explain it pretty well and they got a great Cast and its a great Movie at all. Of course here and there is some kind of "Hollywood" into it, but still a great Movie for everyone who is intrested in what happend, or how it could become real, lets put it in that way.

[@Sizzlik]

The problem us way deeper..effin central bank. Just imagine that from top view: There is a bank that can print money at will..in other words, they print value and this money is lend to everyone..to every country..and you got to pay intresst for the money..how will you pay your debt to the institution that borrowed your the money in first place? Borrow more money...and now we are in an edless loop.

[@muellerhans]

Actually Pispers is a bit wrong: In reality the bank doesn't check how much of a reserve it has when it lends made up money. So there is no real 10 times rule. Maurice Höfgen explains that pretty well on his Geld für die Welt channel. If you are more interested in the history of things like capitalism then check out the Wohlstand für alle channel and for more analysis of political things the Politikanalyse series on the Jung & Naiv channel.

[@6666Imperator]

banks do have to have a certain amount of money "in the bank" though which was one of the actions done after the financial crisis to increase this amount. Unless I missunderstand you or him but then again a bank will also not lend continously more money to a random person. At some point they will just take from him what they can to salvage their losses. He used it as a metaphor for countries rather than actual people/normal people. A good example there would be the several debt cuts for Africa and other countries.

[@johannesheinsohn6956]

I still think he described "fractional reserve banking" pretty well. Look up the term.

[@sc4952]

Not everything ist really Like He is describing...its shortend and with a Kind of Point of View to make it funny and critics.. but its much more complex.

[@JeronimusJack]

i think the parts where pispers starts talking about "that money can be generated from nothing" is a little dated, yes it's true, but it's not a problem. In fact this really is modern, since when people need money they just can get it, and ofc pay interests, that's the price of money. the most important insights for me is "the debt of someone is the wealth of some other", if you think about some neo liberal phrases, about goverment debt, you see that this debt is the wealth of the nation. So there's money there for investments, it can be created, the only real obstacle is - political will - the question for "how to finance it" is just a diversion, it's "what do we want". an other obstacle is the inflation, but as long the country has resources it can use (unemployed people, companies who still have capacities left), the inflation won't rise. if the goverment start competing about resources you have supply sided inflation.

[@lino6415]

Hey Shady, now you know why the germans say CASH IS KING! no dept no transaction fee

[@mahirmada]

credit cards are not such a big thing in germany as in other countries. the fact that the most of frence people have credit cards for normal use are blowing my mind

[@Apfelkind4000]

The subtitles had been a very poor translation...

[@Olivenotto]

Not Germany had a financial crisis ihe means the US finance crises in 2008/9 the leeman brother crisis

[@rokksta412]

50% of dollar wasn't print on last year this is financial crisis

[@ichbin4040]

pispers declared the system very simple and humorous without naming the evil players.

[@Apfelkind4000]

*explained

[@IchbinBauchi]

well.. he talks about Germany here, but he really talks about what banks are doing all over the world. you have the same problems in the UK as well as in the US and the rest of the UW (United World.. united in DEBT)... depenting on their Money (or money at all) we're super-screwed! and it would be so super-easy to start getting independent by making our gardens edible! Planting some veggies and fruits will help you from starvin (don't need any meat to survive, actually), and just imagine how it would be you start doing all that hand in hand with your neighbours again, instead of calling the police because they don't obey the corona-rules.... this alone would start giving the world a whole new look! Couple steps further we would be FREE! So sad that nobody knows that!

[@gastonkawitzke3272]

You dont have this sarcasm and satire in brittain. Im a big Fan of english Humor. Monty python, little brittain, Mr.bean, but where is that political uncorectness left now?

[@robertbretschneider765]

No, a currency linked to real gold reserves is something from the past. Todays money gets its worth by the power of financial systems and states that guarantee its completely theoretical worth. The more money they print, the less its worth. Thats why inflation is robbing the relatively rich.

[@NikolasHonnef]

Keep in mind that the rich have most of their wealth in assets (shares, real estate, ...), and those don't lose their value in an inflation.

[@robertbretschneider765]

@@NikolasHonnef Yeah. I think too small when i mean rich i meant 30-100k uninvested on a bank.

[@frankherrmann965]

A german Master! In his heart speaks the real jesus

[@Komabaer]

Even as german, these subtitles are so bad, my eyes beginning to hurt.

[@ShaeDerEinzige]

ahahahahaha!

[@kubromuchiha5741]

The mad think about that is the governments have debts and that means the interest has to be paid in form of taxes EVERY YEAR AND FOREVER... every Person!!! thats the Problem of All the african Nation... low economy + big debts means poverty... and the interest go every year to those countries form whom it was borrowed.. FOREVER!!!

[@silviahannak3213]

Never again will i ever take Credit. I just did that once cause of my Ex Husband. I don't like debth.

[@arnodobler1096]

With bondage you get back what you want

[@Torfmoos]

Wanna buy some Bit Coins after u understand how it workes? And behind real money stand a Country with his GDP, behind Bit Coins stand whom?

[@dietdoubledew8986]

Actually, something similar. The blockchain could be seen as a country. The blockchain represents in the same way a continuity as the state does with its set of laws. At a certain time in the history of a country, a certain set of laws were applied. You had to abide this set, which limited your ability to contribute to the GDP by earning currency. This is like the "difficulty", which determines how many calculation are needed to mine one BTC. The GDP is the computing power of the whole network, which mines the BTCs. A state creates also a chain of events, which can be retraced like the blockchain, so everyone is able to retrace it and able to confirm, that a certian transaction was correct or in accordance with the law at a certain time. That's how you create trust in a currency. Because you can't violate the laws of the blockchain, unlike the laws of a state, there is no state apparatus with state authority needed.

[@patricknonn4931]

Pispers is true satire that takes him hard to considere him as comedy. I would not do so...

[@arnodobler1096]

No the world

[@schnubbel76]

The subtitles are all over the place and make no sense sometimes.... that sucks

[@ShaeDerEinzige]

True

[@ekimleshuef8307]

The German language has five times more meanings than the English language and in addition you have found one of the best'n heavy politicians of satirists in Germany with Pispers. even some German don't understand that 😂

[@schnubbel76]

@@ekimleshuef8307 Dunno what that has to do with poor translation, but ok. The most complicated books are available in many different languages, so i dont get the excuse.

[@mr.trades]

Shiest i don't know if I am a fast reader or if this guy is a slow one, not entertaining at all

[@wigglywuf5982]

behidn the membran: kzbin.info/www/bejne/l6ndpKKip5ygY7c

[@ProKrypto]

We do not live in capitalism. We live in monetary socialism. Capitalism means property rights and freedom of contract. Neither exist for most people, in favor of those who can afford to lobby: Corporations, organizations, and other select individuals. At the expense of all others, including a large part of the companies. Including a large part of the workers and customers. If the state no longer existed, insurance companies would take over and do a better job. Because otherwise we can change the company or sue for breach of contract. If Olaf Scholz does not keep to agreements, nothing will happen to him. And neither will his buddies.

[@freakshowaddams493]

afd/all for germany,Deutschland ist die einzige Alternative 🙄 ich mag ihn aber damit liegt er falsch

[@watzesnow7169]

🤣🤣🤣 good joke!

[@freakshowaddams493]

@@watzesnow7169 you are a joke

[@Cornu341]

Tut mir leid, aber die AFD ist keine Alternative, sondern einfach nur eine neo-liberale Partei (also mehr vom jetzigen System) mit nationalistischem Zusatz. Solange wir nicht wieder eine Besteuerung einführen, die Geld wieder als Werkzeug zum Arbeiten innerhalb des Staates und als Gutschein zur Teilhabe an den gemeinsamen Ressourcen begreift, werden wir das Ganze nur verschlimmern. Der Wirtschaftskreislauf ist dann für alle am besten, wenn Geld sich ständig im Fluss befindet, weil es dann seinen Wert steigert. Vergleiche mal die Verteilung der Steuern auf die verschiedenen Einkommen vor Kohl. Da kommt man auf eine deutlich höhere Steuerlast bei den Habenden. Die sehr gut Verdienenden waren auch stärker belastet, dafür gab es weniger von den Leuten aus dem untersten Sektor zu tragen. Das hat den Zinsgewinn zwar nicht völlig ausgeglichen, aber zumindest weniger Anteil am gemeinsam erwirtschafteten Vermögen bei den Obersten belassen. Nach dem Mauerfall haben wir uns unseren Niedriglohn-Sektor, bis dato in die DDR ausgelagert, zu uns geholt, gleichzeitig aber auch die Vermögens-, Unternehmens-, Erbschafts- und Spitzensteuersatz gesenkt. Das kann mathematisch nicht funktionieren, weil Geld nur dann etwas wert ist, wenn es wieder in den Kreislauf kommt. Und wir wissen, dass eine Entlastung auf den unteren Ebenen deutlich mehr Sinn macht, da es direkt in den Konsum geht und damit den Kreislauf mehrmals befeuert. Einem Großaktionär mehr zu lassen, steigert nicht dessen Konsumverhalten, also tröpfelt nur minimal etwas in den gesamten Wirtschaftskreislauf zurück. Aus meiner Sicht gibt es keinen Grund, keine Erbschaftssteuer zu haben, die oberhalb bestimmter Grenzen (von mir aus auch im Bereich von 100ten Millionen, aber weniger als Milliarden) keine 100% beträgt. Kapitalgesellschaften und Aktien wurden erfunden, um den Besitzübergang von Unternehmen so einfach wie möglich zu gestalten. Hier wäre also ein Aktienverkauf noch bei Lebzeiten an seinen Nachfolger eine valide Variante der "Vererbung". Mit dem zusätzlich eingenommenen Geld müsste man dann die Sozialsysteme aufstocken oder Hilfen zur Anhebung des realen Mindesteinkommens aller Bevölkerungsschichten erhöhen, um den allgemeinen Lebensstandard zu erhöhen. Das aktuelle System mit seiner jetzigen Entwicklung bringt uns langsam, aber sicher, wieder in eine Feudalgesellschaft, in der der Herr mit dem Geld über das Leben seiner "vertraglich Verpflichteten" bestimmt und die Höhe des Bankkontos über die Wertigkeit und ihre Bedeutung bestimmt. Im Mittelalter wurden in harten Zeiten die Besitzenden als Erste vom König zum Ausgleich angegangen, heute sind es die untersten Arbeiter-Schichten.

[@DerJarl1024]

He is talking about "Giralgeldschöpfung", in english "money creation". It is explaint here: en.wikipedia.org/wiki/Money_creation