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Hit The North
16th September 2008, 15:03
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.

You can find it here: http://video.google.com/videoplay?docid=-9050474362583451279&hl=en

What do comrades think of it?
spice756
17th September 2008, 05:49
What do comrades think of it?


I don't really understand this video clip ,Because I know nothing about money and banks.There is alot of terms and jargon I do not understand.


But some thing money is base on dept and you cannot pay the dept because there is no dept .

And some thing banks work on fake loans not money.And some thing about fake credit use for the dept .

This is way over my head.I feel I'm in university.I guess people do not deposited money ?
Dean
17th September 2008, 06:59
Very interesting, I highly recommend this video. When I saw it ~6 months ago, it really helped me to understand how the banking system works &c..
spice756
19th September 2008, 21:43
Very interesting, I highly recommend this video. When I saw it ~6 months ago, it really helped me to understand how the banking system works &c..

Do you know of some videos that or more for novice than this one? That is more for people who understand money and banks ?
Schrödinger's Cat
20th September 2008, 01:16
Very interesting, I highly recommend this video. When I saw it ~6 months ago, it really helped me to understand how the banking system works &c..

This was quite excellent, actually.
Sendo
23rd September 2008, 07:51
Do you know of some videos that or more for novice than this one? That is more for people who understand money and banks ?

It's as basic as you're gonna get. I knew little of finance outside micro (accounting) and those concepts of fiat currency they give you in high school. But I couldn't build a full framework of money as debt, and today's credit, and the crime of fractional reserve. The documentary helped me achieve that.

I never took a single econ or finance course in my life. If you have trouble understanding it, try rewatching it, have a friend who knows the stuff explain it, or read up on basic money policies and how banks operate. I don't what to say, really, other than if it's hard to grasp you need to do some research, and not the kind you'll find in a video.