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 you, you aren't alone. Very few people understand, even though all of us are affected.
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. The
Cowichan Citizens Coalition and its "Duncan Initiative," which questions how governments address national debt as compared to social services for their citizens, received high
praise from those who previewed it.
This film is a painless but hard-hitting educational tool and warrants the widest
distribution and use by all groups concerned with the present
unsustainable monetary system in Canada and the United States.
