Money as Debt

What is money? Where does it come from? The government prints it, right? Wrong - the government prints physical currency, but nearly all the money in existence is created by banks, quite literally out of nothing. In this excellent 47-minute animated video by Paul Grignon, our monetary system is explored in depth. This movie will completely change your views of money. All money in circulation is essentially debt, and with this debt accruing interest beyond the total amount of money in circulation, it is necessary to create more money (debt) to pay off this ever-increasing debt. It is a vicious, exponential curve. Our system is fundamentally flawed. Take some time to check out this video; it is truly eye-opening.