Business Interests »Tips, tricks, and advice
Money is debt (Video)(Part 1) Where does money come from?
beingzoe over 1 year ago |

Money is Debt Part 1

• Part 1
• Part 2
• Part 3
• Part 4
• Part 5

Where does money come from? If you are like me you probably thought, with some help from the U.S. school system that the government printed it, and maybe that each dollar was worth some gold or silver in Fort Knox. Even as I grew older and learned more about government and economy, and that the Gold Standard was eliminated in the U.S. for Fiat currency I somehow never really shook that notion that our ‘money’ must have some value based on something besides someone decreeing it so.

This video by Paul Grigon helps put the concept of money in perspective and raises some interesting questions. This film asks the following questions:

“Debt- government, corporate, and household have reached astronomical proportions. Where does all this money come from? How could there be so much money to lend. The answer is…there isn’t. Money IS debt. Without debt there would be no money.”

And as the “Money Is Debt website”: goes on to say, “If this is puzzling to you, you are not alone. Very few people understand, even though all of us are affected.”

Some quotes from the film

“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.” – Andrew Gause, Monetary Historian

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented…If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” – Sir Josiah Stamp Director, Bank of England 1928-1941, reputed to be the 2nd richest man in Britain at the time

Mark J. Windle at w-o-e (what on earth) on blogspot has a nice summary write up of the film on his blog.

I will try to post more on this topic in the future and encourage more discussion in the future. I have a lot to learn about the economy and banking, and I look forward to your input and advice as I go. But I had to share this film with you all.

If you don’t want to watch the film in 5 parts here, you may also watch the full length video at Google Video

But I highly recommend that you purchase a copy of the DVD. Learn more about the film, it’s concepts, and purchase a copy of the DVD at http://www.moneyasdebt.net/

Learn more about Paul Grignon at his official website.