A 47-minute animated film details how money is created through debt in a fractional-reserve banking system, warning of its potential unsustainability.
Synopsis
A 47-minute animated film details how money is created through debt in a fractional-reserve banking system, warning of its potential unsustainability.
Synopsis
Paul Grignon presents his animated documentary, Money as Debt, which runs for 47 minutes. Released in 2006, the film illustrates the process of money creation in modern banking. Grignon explains how banks generate money through debt, leading to an unsustainable financial system. He discusses the historical context of banking and warns of the dangers posed by the current monetary structure. The film concludes with potential alternatives, including nationalizing banks and establishing local exchange systems.
Deep Dive
Why Watch
- Find out how banks create money through debt.
- See animated explanations of complex financial systems.
- Meet alternatives to traditional banking practices.
Did You Know
- The film was conceived in 2002 for a 5-hour video commission.
- Money as Debt II Promises Unleashed was released in 2009.
- The film's runtime is 47 minutes.
- Grignon's presentation may be misleading according to his own admission.
Perfect For
Frequently Asked Questions
Who created the animated documentary Money as Debt?
Money as Debt was created by Canadian artist and filmmaker Paul Grignon.
What year was Money as Debt released?
Money as Debt was released in 2006.
What are some alternatives to modern banking mentioned in Money as Debt?
Alternatives mentioned include the nationalization of banks, local exchange trading systems, and government printing of money.
What are people saying?
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