Money As Debt (3 of 5)

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Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.

Category:

Film & Animation

Tags:

• money
• as
• debt
• monetary
• system
• federal
• reserve

[adbartels]

The system created by Satan himself to enslave mankind- works like a charm. If you are among the banking elite and federal Reserve who are causing so much misery in the world because of your greed- beware- there will be a day of reckoning in this world and the one to come.

[L0ngB0ard99]

I DEMAND EVERYONE TO POST THIS ON 5 FREINDS FACEBOOKS AND TALK TO PEOPLE ABOUT THIS. THIS NEEDS MORE VIEWS AND THE WAY TO FIGHT THIS IS WITH AWARENESS BUT PEOPLE ARE STUPID SO YOU HAVE TO MAKE THEM WATCH!!!!!!!!!!!!!!!!!!!!!!!!!­!!!!!!!!!!!!!

[99wins]

@HardOnDirtbikes

Vote Ron Paul 2012, do something

[khadrigr]

Now i know why property tax is so necessary, because if everyone owned their property; then they would not be likely to borrow more money oh no, excuse me "debt". And also elevating and lowering the property tax allows government to control who may live there.

[Friarmarkv]

Banks (and other financial institutions) are the mechanisms by which capital is allocated to those that want it, and are therefore necessary in a capitalist economy. This grants power to the financiers, and they often get greedy.

The problem is not that we "create" money (i.e. credit), but rather that it is controlled by private entities with profit motives. With proper regulation or, a drastic alternative such as national banks replacing private banks, stability can be obtained.

[MartenThuren]

Seems to me that debt is just the economic consequence of having knowledge of the future. If you know with enough security that you will have a job for the next year,  you can safely loan money to buy what you want instead of having to wait until you have produced enough to trade it directly.

[badpanda84]

dose this work for entire countries as well.

Let say hypotheically the US paid off all its debts to china -- surely that would make the US better off