Money as Debt
Posted on January 13 by Josef
Widespread debt slavery created by an insane banking system is undoubtedly one of the biggest problems we all face.
This video animation, Money as Debt by Paul Grignon, is undoubtedly one the most important films ever made.
If you don’t yet understand why money is such a big problem, WATCH THIS VIDEO.
Please help spread this video far and wide.
I’ve embedded it here, but you can watch and download it on Google Video too.
Further introductory reading
- Ecology of Money and Short Circuit by Richard Douthwaite
- Community Currency Guide (pdf) by Bernard Lietaer and Gwendolyn Hallsmith
- Interest and Inflation Free Money by Margrit Kennedy
- Extract of Money: Understanding and Creating Alternatives to Legal Tender (pdf) by Tom Greco
- Draft of Healthy Money Healthy Planet:Developing Sustainability through new Money Systems by Deirdre Kent
- Chapter One of Grip of Death (literal meaning of mortgage) by Michael Rowbotham
- Money Debt and Banks essay by Richard Greeves, Dr. John Courtneidge and David Soori
- Openmoney.info and the Open Money Manifesto by Michael Linton and friends
- The inspirational article A Tale of Two Ecovillages by Jonathan Dawson, that looks at Damanhur’s Credito currency and Findhorn’s Eko
Some of the many examples of successful alternatives to the Money as Debt madness:
- Bartercard
- The Totnes Pound
- Berkshares
- Toronto Dollar
- Salt Spring Dollars
- Ithaca Hours
- WIR Bank - Economic Circle Co-operative that has been running in Switzerland since 1934
- Damanhur’s Credito
- Findhorn’s Eko
See also:
- Timebanks.org
- Time Banks UK
- The LETSystem Design Manual
- LETS Link UK
- The ccSyndicator
- Complementary Currency Resource Center
- The Workgroup on Solidarity Socio-Economy’s sub-site on Social Money
- Interra Project
- LOADs more really good money links can be found via all the sites above, here, here, here and here
Again, please help to spread this video and information far and wide.
Thank you.
Further reading:
- a_changing_money_system.pdf by Margrit Kennedy
- Beyond Greed and Scarcity.pdf - an interview with Bernard Lietaer by Sarah van Gelder, editor of YES!: A journal of positive futures.
- breadhoursnewsletter.pdf - a nice newsletter from the now defunct www.breadhours.org (anyone know what happened?)
- ccClearingHouse.pdf - a proposal for an “Internet-based clearing system that would enable complementary currencies of different types from anywhere in the world to be exchanged among themselves. It would be an important next step to empower the complementary currency movement.”
- Comment on the Wörgl Experiment with Community Currency and Demurrage.pdf by Thomas H Greco, Jr.
- Community Currencies in Japan.pdf by Yasuyuki Hirota
- community currency for solving social issues.pdf by Akio Doteuchi
- Community_Currency_Guide.pdf - an excellent guide by Bernard Lietaer and Gwendolyn Hallsmith
- Community_Exchange_Systems_screen.pdf - a Community Exchange Systems in Asia, Africa & Latin America newsletter from 2002
- Complementary currency systems and the new economic paradigm.pdf by Stephen DeMeulenaere for Strohalm Foundation
- decentralizedcurrency.pdf - Money as IOUs in a Social Trust Network and A Proposal for a Secure, Private, Decentralized Digital Currency Protocol by Ryan Fugger, founder of Ripplepay,com
- FEASTA Proposals 4 Gobal Monetary Reform.pdf by Feasta: The Foundation for the Economics of Sustainability
- How to Build Healthy Community Economics.pdf - a presentation by Thomas H Greco, Jr.
- InternationalExperienceInCommunityCurrencies.PDF by Gill Seyfang and Ruth Pearson
- interraproj.pdf - an introduction to the Interra Project
- InWhoseInterest.pdf - an article by Mark Kinney for http://www.terratrc.org/
- Islamic Banking and its Importance in the Emergence of Economic Democracy.pdf by Thomas H Greco, Jr.
- keeping_the_gp_away.pdf - a nef (new economics foundation) briefing about community time banks and health
- local_currencies_catalysts.pdf - “Local Currencies: Catalysts for Sustainable Regional Economies” by Robert Swann and Susan Witt
- Local Currencies in European History.pdf by Jerome Blanc for LEFI
- MoneyABriefHistoryDeeHock.pdf - “Money - A Brief History” by Dee Hock, founder of VISA
- money debt and banks.pdf by Richard Greeves, Dr. John Courtneidge and David Soori
- money_guide.pdf - United Diversity’s Money Guide
- pictorial_history_of_CCS.pdf by Stephen DeMeulenaere
- Plugging the Leaks - Handbook.pdf - Making the most of every pound that enters your local economy, published by nef
- Presentation of Tucson Traders for the Forum Social Money.pdf by Thomas H Greco, Jr.
- Public Involvement in Health-Timebanks.pdf by nef
- Report of the Worldwide Database of Complementary Currency Systems 06.pdf by Stephen DeMeulenaere
- Setting Up a Credit Union.pdf from the Association of British Credit Unions Ltd
- Social_Money_as_a_Lever_for_the_New_Economic_Paradigm.pdf, summarised by Heloisa Primavera
- Social Money the experience of Friendly Favors.pdf by Sergio Lub
- Social money - Well timed permanence or break from normality.pdf by Heloisa Primavera
- The SANE Community Exchange System.pdf by Tim Jenkin
- the_time_of_our_lives.pdf - Research findings about Time Banks in the UK, by Gill Seyfang
- Time Banking - A briefing.pdf by nef
- Time Banks - A Radical Manifesto for the UK.pdf by nef
- Time Banks in the UK-Building Sustainable Communities.pdf by Gill Seyfang
- Wealth money and power.pdf by Heloisa Primavera
- What is a credit union flyer.pdf by ABCUL
See also:
Mike Mar 28
shit don’t tell everyone… just make sure you know how the system works and play it like that…
this makes me feel very good about bank fraud indeed…
now put your money where your mouth is and put up some real cash sterling to seed a sanford ‘barter-coupon’ cash economy… the notes could be traded for eco washing up liquid, weed, painting and decorating or web-design work and everything else the local economy encompasses…
Indigobusiness Mar 30
Good work.
Paul Grignon Apr 11
While I encourage the viral spread of my video I also encourage people to post my website URL whenever they embed or recommend the movie. I have a sequel in the works and INCOME is required to make finishing it possible. Please buy a copy and see how good it really looks!
Buy 10 WHOLESALE and you get unlimited rights to hold FREE (by donation) public screenings and sell the DVD’s retail to cover your costs.
Paul Grignon
http://www.moneyasdebt.net
Josef Apr 13
Hi Paul,
Thanks for the comment!
I’ve added a link to you site in the post (had originally intended but omitted).
Josef.
stan May 8
How can I download the Money is Debt Video so I can show it to my class
Do you have a copy?
thanks
Josef May 13
Hi Stan, I’ve not got a copy of the actual DVD, and when I tried to download it from Google it stall mid way so I found this torrent instead and downloaded a copy that way
Enjoy!
Jojo Jul 12
The underlying assumption of the video is incorrect. The bank doesn’t create 9 times it’s deposits out of thin air. It lends up to 90% of the deposits that it has. There’s a subtle difference. If I have $1000 in deposits from people in my bank, I can loan out $900 of those deposits, holding $100. I cannot magically create $9000 out of thin air to loan to people and then say that I have $1000 in reserves. The reserve limit is against deposits not against outstanding loans. I cannot believe that a video based on such an incorrect understanding of economics was created.
sean Jul 22
Hi Paul!
Got to watch this video early this year, an absolute must for all.