Money As Debt (1 of 5)
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: debt and bill consolidation, personal debt consolidation loan, carolina debt consolidation, debt consolidation with bad credit, debt consolidation advice, connecticut debt consolidation, credit card debt consolidation
Etrade79 said,
November 17, 2008 @ 3:57 am
Ron Paul and only a few others have it right.
starting buying some GLD, good people.
Aetila said,
November 20, 2008 @ 1:47 am
Excellent video; well in line with what’s going on around us! (Total Monetary Collapse)
mimartech said,
November 21, 2008 @ 3:22 pm
I also encourage all to check out the you tube series titled The Economic Collapse of Argentina. This economic implosion of a first world nation – is a snapshot of whats occurring today in America. Again, if one does not understand their history [like prior attempts by folks like JP Morgan and Prescott Bush in the 30's] to take over the US and model it after fascist Italy…Wow the Bush crew and JP Morgan are in the middle of todays economic implosion] we are destined for a repeat.
mimartech said,
November 23, 2008 @ 12:39 pm
try reading The Creature of Jekyll Island – G. Edward Griffin. Exposure of The fake criminal Fed Reserve was a key aspect of the Ron Paul campaign. BTW Jekyll Island was owned by JP Morgan – where the private “Federal Reserve” ponzi scheme was created. Sadly, despite a rich historical record – dumb Americans refuse to read, investigate and understand the Constitution – resorting to the now tried and true cop out known as “it’s a conspiracy theory.
wetalmorker said,
November 26, 2008 @ 4:36 am
Here’s what I wanna know: Who is moderating this forum? Comments get deleted! We know who you work for, stupid. We only want to know more about you, so we can kill you, just like your handlers will do when they have no more use for you!
You have a small chance of redeeming yourselves, but the window is closing fast! Good Luck!
wetalmorker said,
November 27, 2008 @ 6:59 pm
Ok benmc, so why is it then that when your classmates wind up in journalism, they only tell half-truths? Are they just the stupid ones who don’t get the baccalaureate degree? Stupid fuckin’ economists you are, teaching each other pure bullshit! BTW, by the time you graduate, your education is useless, you know. Better start educating yourself! Now!
It’s ok if you **** me, I don’t care. Just stop believing in “fractional reserve banking”, and I’ll be happy. It’s a good first step.
jeffcaldwell2 said,
November 29, 2008 @ 7:15 am
“the human plan… please read if you want to better humanity” type it in on googl and read it, i have a plan to change the monetary system and im pretty sure it will work.
tdk1234567890 said,
December 2, 2008 @ 1:06 am
No, it’s not, because it is all happening in front of our noses and you can check it all for yourself.
But I guess you never really use your brain independently?
GreatSport said,
December 3, 2008 @ 3:44 pm
What parts of this movie are incorrect? Could someone please explain – simple saying so doesn’t make it so. Thank you!
antwake said,
December 6, 2008 @ 12:54 pm
conspiracy theory all the way!
benmcpeatfield said,
December 9, 2008 @ 4:10 am
not really hard to believe mate.
it’s fractional reserve banking.
and whether there “is~” a problem with interest is debatable. debt money is still an issue of debate
mijusdek said,
December 10, 2008 @ 4:33 am
People google “modern money mechanics” It’s a booklet that the Chicago Fed bank used to give out. It gives you the same exact info, just in a more boring fashion. It’s true, hard to believe but true.
benmcpeatfield said,
December 11, 2008 @ 8:11 am
trust your prof. over youtube lol.
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.
benmcpeatfield said,
December 14, 2008 @ 3:46 pm
hey, you may wish to learn about a guy from a UK university, who wrote a book about this kinda thing. i think it will answer a lot of your questions if you read it.
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.
Schinsky said,
December 15, 2008 @ 6:04 am
touché. I actually did the same like the people who believe the stuff in the movie, but in my case it´s been the words of my prof I took for 100 % true. That´s kinda awkward^^
snerka said,
December 16, 2008 @ 5:54 am
continuted: And absolutely don´t belive it because I said it. As a soon-to-be business man you can not let anyone tell you the “truth”, you need to find the truth on your own.
Peace!
snerka said,
December 17, 2008 @ 7:42 am
I agree, you should never believe it because this movie tells you this. But likewise you shouldn´t go to your prof for advice. You don´t know where her information is from. If you want to know the truth, research it far from youtube and all the prof.
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?
Schinsky said,
December 18, 2008 @ 11:30 pm
I didn´t watched the entire movie, indeed, I watched other movies about the same stuff.
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.
benmcpeatfield said,
December 19, 2008 @ 11:56 am
because in a fractional reserve banking system, all debts must be repayed. interest rates cover some of the risk, so they can afford to be slightly stupid with who they lend to.
but ultimately they cant lend to anyone and everyone. in additon, parts of this movie are incorrect! but the idea is generally right.
Fuglafjordur said,
December 22, 2008 @ 12:42 pm
You prevented me from wasting 47 minutes of my life.
Cheers!
snerka said,
December 23, 2008 @ 10:57 pm
And also, this is what Ron Paul is running on. You think he belives in nazi-aliens?
snerka said,
December 25, 2008 @ 9:48 pm
Did you watch the movie? It is well explained.
Schinsky said,
December 28, 2008 @ 9:55 pm
What the author forgot to mention: Banks are supported by *** Nazi-Aliens from a different galaxy.
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?
Rickdeckard2020 said,
December 29, 2008 @ 8:49 am
“If the videos were true (which they are not) then the banks would never get in trouble – they would simply manufacture more money.”
Ive come across info that supports the video’s claim.
Unless Im mistaken, manufacturing money assumes the bank has not maxed out its loans with respect to the reserve it keeps, if it has maxed loans it cant ‘legally’ manufacture more loan money until someone pays back or someone deposits more money. Having a frational reserve system makes it hard not to be so
jsiowa said,
January 1, 2009 @ 3:26 am
OyzukiMike, I totally agree with you that there are flaws in the system and it would take a foolish or blind person to think otherwise. I want to learn and since you stated that the producers of this video have no real knowledge of the system where would you recommend that one go to obtain this knowledge of truth that apparently is not present here? In other words where can I go to know what you know? Is that a fair or reasonable question?