Money as Debt

This movie explains in simple "allegorical" terms how the modern banking system developed. It should be noted that since this movie was created, the "fractional reserve system" has been exposed as a "myth". I had to present the fractional reserve system in this movie as it was a prevailing belief of my American advisors and was supposedly officially in effect in the USA . It had been officially phased out in Canada by 1991 so I knew it didn't apply here. The truth is the simple statement ... "banks can create as much money as we can borrow". This is literally true as long as "we" includes the national taxpayer and "banks" includes the nation's central bank. https://www.dailymotion.com/video/x75e0k

I explain modern banking, illustrating hopw the clearing process allows banks to create "money". I examine interest and the fundamental mathematical contradiction of banking: creating money as a debt-of-itself on a schedule, and then encouraging us to salt it away indefinitely as savings or other forms of loaning existing money. The result is that the original borrower can't earn it debt-free to pay off the loan that created it. Therefore the original principal will be paid off with the principal of some other loan creating a Perpetual Debt. I can now say, from several years of experience, that this simple argument is vigorously ignored by economists.

This third and final movie in the Money as Debt Trilogy presents an attractive picture of how "money" could work in the future. It is full of surprising specifics for creating a nurturing economy applied with technologies that exist right now. Money as Debt III - Evolution Beyond Money demonstrates in simple terms why our primitive concept of money as a "single uniform commodity" is the ROOT cause of money system dysfunction and a major factor in economic and political injustice. There is now, and there has long been, an alternative way to do "money". Money as Debt III, Evolution Beyond Money illustrates in extensive and entertaining detail, how a fundamental change in our long-held concept of money, paired with recent breakthroughs in technology, opens the door to a liberated, self-balancing global "money" backed by REAL VALUE and OPEN to ALL.