I ran across an interesting animated video called “Money as Debt” by Paul Grignon on the internet recently. It is an interesting look at money, the banking system and argues that money is created by the creation of debt. While some people may see this as an “evil banking system conspiracy” video, I do think there is some information here that you may not know, and it seems fitting in light of the current economic situation and banking and credit crisis.
Note: The entire video is about 47 minutes long, so you may not want/be able to watch it all in one sitting. Also, the 1st 10 seconds or so are blank, but the movie will start.
Money as Debt
How do you think money is created? Do you think an alternative system should be looked in to?
Similar Posts:
- 35 Ways To Kick Start Your Debt Snowball
- Is Lifestyle Inflation Keeping You in Debt or from Saving More Money?
- Weekend Roundup- Quick Holiday Edition
- 15 Ways for Teens to Make Money this Summer
If you have enjoyed this article, please consider subscribing to Think Your Way To Wealth updates
using
an RSS reader or
by email to get all of the latest posts and updates delivered for free!
{ 2 comments… read them below or add one }
Yes I certainly think we should look at alternatives to the centralized currency/debt system. This dog and pony show has been pulled out of the hat on more than one occassion through history. Look into that!
Libertyblogger.net
@Tom- I am certainly not qualified to make too many judgments on an alternative-but I did learn some interesting things from the video that I did not know- and it does seem our banking system could use some “tweaks” at least!