Money As Debt (2 of 5)

Quick and easy way to purchase silver:
http://silversnowball.com/1861/
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

[Irishfreedom]

So a bank can build a skyscraper by magically conjuring and multiplying money, and a tax payer buys a home by paying for it for their entire lives, plus interest.

And a bank that can't pay it's debt has the government force tax payers to pay for it, while tax payers who can't pay their debt have their lives devastated by poverty.

[clayp72]

The whole monetary system is a f*#king scam

[OchoHa]

What the heck is so great about gold? You can't eat it.

[mrwhiterain69]

Businesses should be allowed to fail if they take bad risks, plain and simple. Forcing the already poor tax payers to bail them out only encourages taking dumb risks in the future, which we the taxpayers will also have to pay for.

[gilbet]

4:20 Wrong, when the other bank deposits the check, the first bank has to pay that amount to the other bank. So, while the second bank gains $10,000, the first bank loses $10,000, so the net gain by the banking system is zero.

[luvcheney1]

@93N39 No. No need to peg it to anything.

[luvcheney1]

@Gulegilly In a fractional reserve banking system, the deposit of $1000 goes to reserves, allowing $9000 to be loaned out. Now, there is a deposit, a cash reserve of $1000, and a laon of $9000 making $10,000 total, the reserve is 10%.

[donnabret]

Virtually nothing that this video says is accurate. It's a lie. Don't believe anything presented in this video. Its an (fraudulent) advertisment for a business.