Money as Debt

This is a documentary, created in 2006 by the Canadian artist Paul Grignon. Despite it has almost 7 years, it is more important than ever to watch.

Money as Debt

This video explains, in a very easy way, the monetary system. It’s curious that nothing about economy and monetary theory is teached in schools, while matters so useful for daily life as Napierian logarithms are teached (at least when I was at school). But once you know how the system works, you’ll realize why they don’t want that people know.

from Money as Debt

The video explains how banks lend a money that they never had. Also, this documentary predicted the collapse of this monetary system, the collapse that started a pair of years later and is happening nowdays. The system needs new loans all the time: like a bicycle, if you stop pedaling, you fall; if the monetary system doesn’t get new debt, it falls.

The process by which banks create money is so simple that the mind is repelled
from Money as Debt

What happens when a bank lend you a quantity of money, for example $100.000? It happens that you’ll have to work during years creating value -goods and/or services-, getting that $100.000 and also other $100.000 in interests. Also, you’ll have to put your home as warantee. In many cases, the bank will require an additional endorsement, for example your parents’ home.

And, what does the bank give in exchange? The banker doesn’t walk to the safe to get $100.000 for you. Simply they open an account and “deposit” $100.000 there, $100.000 that they hadn’t. Simply they open a file in the computer and create money when a guy key one ‘1’ and five ‘0’. That’s all what the bank does. In exchange, you’ll pay them $200.000.

Only commercial banks and trust companies can lend money that they manufacture by lending it
from  Money as Debt

Why do Governments choose to borrow money from private banks at interest when they (Governments) could create all the interest-free money it needs, itself? In European Union, even Governments have removed themselves the availability to create money, and European Central Bank can borrow private banks, but not states. Who benefits from this arrangement?




If you want to understand what and why is happening, and want to understand the huge scam we are suffering, watch this video.


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