Friday, October 10, 2008

Money as Debt

I just watched this movie on Google Video, and what it said needs to be shared with more people. So I started a blog on it. In my opinion it's the most important thing that nobody knows. This cartoon covers in an easy to understand format exactly what money is and how it's created. All this important information the movie itself states was never covered in school. The average person doesn't know this information let alone the more educated people. And only the few people who study economics really understand it. And of course the people on top know this. This film informs, very simply and eloquently, the viewer how banks create money by instilling debt on the people it loans money too, and how they profit from it. And states why this system cannot last forever, since its an exponential system. The economies growth with the help of this debt system is destroying the finite amount of resources the planet has.

Anyways watch this for yourself it explains it better that I can. It's a 47 minute movie available in Google video so watch it when you have 47 minutes to spare. It's also available on YouTube in various segments but that's no fun. So click on the movie link.



I'll be doing more research and posting more blogs on the subject so stay tuned for more information on this subject.

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