(You know that old story about the poor guy who wins the lottery and where he is in 5 years?)
Capitalist economies grow because they reward wealth to it’s creators, who have already proven they know how to invest it and increase it.
Can you be a creator and good steward of value?
Larry, the “fly in the ointment” in the 3 minute video is whether the value of those savings is maintained or decreased. Those “greenbacks” you see floating around in the video are to be presumed to be maintaining their purchasing power. The problem with our dollar is that once President Nixon severed all ties between the dollar and gold back in 1973, the dollar has been allowed to “float” in relation to other currencies. This has led to the cycles of inflation and deflation our economy has experienced since 1973. Even the oil shocks were more the consequence of the dollar losing value because our central bank was managing the value of the dollar poorly.
Overall, the video is correct, but it depicts a very simplified scenario. Take the Fed out of the picture and anchor the value of the dollar to something like gold, which cannot be manipulated by central bankers, and the scenario presented will be “spot on.”