Wednesday, February 25, 2009

Money as Debt

Money as Debt
47-minute animated presentation

What is money and how is it created?
Debt -- government, corporate and household -- has reached astronomical proportions. Where does all this money come from? How could there be that much money to lend? The answer is... there isn't.

Today, money is debt.
If there were no debt, there would be no money.
If this is puzzling to you, you are not alone.
This fast-paced and entertaining animated feature by Paul Grignon, artist and videographer, explains today's magically perverse debt-money system in terms that are easy to understand.
Image source here.