Money As Debt
DOCUMENTARY 47 mins Paul Grignon
This animated documentary describes the global monetary system. It reveals that money is created into existence by someone agreeing to go into debt by borrowing money from a bank.
Fractional reserve banking is the main destructive force reducing the value of all currencies. Governments and banks create new money out of thin air and then lend it at interest. Without new debt, there is no new money; the money needed to pay the interest on borrowed money doesn’t exist.