Money As Debt (1 of 5)
Uploaded by: compelled2283
Video Description:
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.
Tags for this video: as debt federal monetary money reserve system
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No seriously, i don´t believe this stuff said in the movie. E.G. If Banks create the money they loan, why do they deny loans? They have nothing to lose, anyway?
Cheers!
but ultimately they cant lend to anyone and everyone. in additon, parts of this movie are incorrect! but the idea is generally right.
I´m studiyng Business and I´ve just had an opportunity to asked my prof about this topic, and she said "yes they create money, but the keep destroying money, as well"
She also said that the authors of those movies are not really in to the topic, and she suggested me to stop believing these fairy tales, wich are obviously not fair minded at all, you should consider this before you believe this crap.
Part of this movie is correct, part of it is wrong, but the point still stands. We have a society that is caving in on the working people because of debt. Who benefits from this? You? The people? The bankers? WHO?
Peace!
the problem with interest - by, Tarek El Diwany.
i'm a Bsc Economics student, so you can rely on me for giving you decent sources.
professors are there for a reason mate, they have PhD's, and have done good research to get to a professorship position.......
....unfortunately the internet has not, especially youtube.
case and point: wikipedia...lots of bad information ends up on that "encyclopedia" --though 95% of it is pretty damn good.
it's fractional reserve banking.
and whether there "is~" a problem with interest is debatable. debt money is still an issue of debate
But I guess you never really use your brain independently? ;-)
It's ok if you hate me, I don't care. Just stop believing in "fractional reserve banking", and I'll be happy. It's a good first step.
You have a small chance of redeeming yourselves, but the window is closing fast! Good Luck!
starting buying some GLD, good people.