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Money As Debt (1 of 5)

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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.

Channel: Film & Animation
Uploaded: December 31, 1969 at 6:59 pm
Author: compelled2283

Length: 09:58
Rating: 4.95
Views: 131762

Tags: as  debt  federal  monetary  money  reserve  system  

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Video Comments

AplG7Rocks (December 31, 1969 at 6:59 pm)
So true 1:12 people make things more complicated than they are when all that's needed is common sense and an educated open mind.
shitassedshitmaster (December 31, 1969 at 6:59 pm)
I prefer using the word prejudiced
EarthaKit2 (December 31, 1969 at 6:59 pm)
Ha,hahahah.Anyway, how can I be a racist if I am of 3 races, Indigeous of the "New World" - African and European. What is your premise for calling me a racist?It's a word whose shock value on people has worn out - it's passe - it's been overused, and no longer has the effect it used to have.And I don't care what you call me. I reject it, the term "racist" and send the energy vibration of the word back to YOU!
tsdon656565656 (December 31, 1969 at 6:59 pm)
racist
EarthaKit2 (December 31, 1969 at 6:59 pm)
You're looking at gold from the eyes of a "civilization" which isn't very civilized.Tribals are never as greedy for gold, as Europeans (who inherited their currency value from the Sumerians-not to mention the 12 & 60 time counts).Gold may be scarce, but the extracting of it poisons the environment permanently, since arsenic is used, after which nothing grows.And the runoff goes into rivers and into the ground.Eat the pollution, white man!
purenirvana (December 31, 1969 at 6:59 pm)
I don't get this. I thought this part of the video was where the scam was (using deposits to create loans in the first place). Is the scam in fact the fractional reserve process itself (ie creating more and more loans from one deposit and therefore charging more interest on those loans and then getting more profit than charging interest on just one loan?
edingsteve1 (December 31, 1969 at 6:59 pm)
Because Gold is durable, scarce but not too rare and hard and beautiful! That's the main reason! Platinum for example is extremely durable and durable, but way too scarce to be used as currency. In the jail they use cigarettes as mean of exchanges. Money is just as tool of exchange, real wealth is in the product we get, not in money itself!
EarthaKit2 (December 31, 1969 at 6:59 pm)
As to the Economic Collapse of Argentina, well, there's your answer. It happened to them, and they survived. Yeah, many died, but the majority survived.THe problem is tghe World Bank. Didn't Argentina set up it's own bank?
EarthaKit2 (December 31, 1969 at 6:59 pm)
But still, the vid doesn't answer the origin of why gold is used. After all, still used the metal could have been copper, or tin (even lighter to carry.You have to connect the dots. It goes farther back in time, more than Medieval times or ROman times.
chrispyt77 (December 31, 1969 at 6:59 pm)
Hear hear.It's the most important book you'll ever read.(that's if you care to stop being anally raped by your taxation vampire govt - if you're happy with long hours, no free time 'cept beer and ball on saturday bend over and take it, dummies)


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