Money as Debt

[Hit The North]

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?do...83451279&hl=en

What do comrades think of it?

[spice756]

[FONT=Arial]What do comrades think of it? [/FONT]

[FONT=Arial]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.[/FONT]


[FONT=Arial]But some thing money is base on dept and you cannot pay the dept because there is no dept .[/FONT]

[FONT=Arial]And some thing banks work on fake loans not money.And some thing about fake credit use for the dept .[/FONT]

[FONT=Arial]This is way over my head.I feel I'm in university.I guess people do not deposited money ?[/FONT]

[Dean]

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]

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 [FONT=Arial]banks ?[/FONT]

[Schrödinger's Cat]

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..

[FONT=Arial]This was quite excellent, actually. [/FONT]

[Sendo]

Do you know of some videos that or more for novice than this one? That is more for people who understand money and [FONT=Arial]banks ?[/FONT]

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.