Money As Debt (5 of 5)

Producers Comments on the Movie, Money as Debt
Born in Toronto, Canada in 1948, I first became suspicious of our money system when I was in high school in Ottawa. We were studying logarithmic functions such as interest and it struck me that a money system in which money accrues interest at every turn could only function with exponential growth of the money supply. Something did not make sense to me. I wasnt sure what it was but I had a strong feeling that banking was a scam designed to benefit bankers at the expense of everyone else. I vowed never to get into debt to bankers.

As fortune would have it I got to (mostly) fulfill that vow. As a hitchhiking, backpacking young adult I was led to Gabriola, a forested coastal island off British Columbia, Canada where the building code was not yet in effect. My partner and I were able to take up residence in a tent, then a shack and as the years went by, and our four children arrived, our primitive shelter without water or power gradually evolved into a modest but comfortable owner-built paid-for home. This was achieved on a sporadic income that would never have been sufficient to buy a home had we gone the conventional mortgage route.

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Category:

Education

Tags:

• Money
• As
• Debt
• 5
• of
• 5