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PaulS's picture

Money As Debt

Ever wonder why banks have so much money to play with and everybody else has debt?

Money As Debt

An entertaining highly topical film explaining how money is created and why our current financial system is breaking down

This short film is an essential viewing if you want to understand what the current financial turmoil is all about, why it may end in a global financial meltdown and how you can protect yourself

To be followed by a discussion of the film and of the Transition movement

Transition is coming to Bude. Come and be part of it!

Date: Thursday 19 March, 7:30pm
Venue: The Parkhouse Centre, Bude, EX23 8LD
Free Entry, suggested contribution £2/person

Paul Grignon's 47-minute staggering 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. 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, which creates some £100 of debt out of every £1 deposited at a bank.

Particularly pertinent in the current financial meltdown, following some 20-fold increase in the available money supply since the 1970's, when the gold standard was abolished in the US. Since then they've created money for fun. This is why this crunch is so bad and it is bound to get much worse - it's not about the last decade, it's about pretty much everything since the 1970s.

This short film is an essential viewing if you want to understand what the current financial turmoil is all about and why it is bound to end in a global financial meltdown.

Comment from a recent viewer here in North Cornwall: “I found it so fascinating . I really had no idea at all about how Banks ‘made’ ‘money’ and I have always wanted to know and until now I’ve never been able to find any kind of rational explanation . However the truth is quite appalling and clearly we cannot go much further into the future with the banking system as it is.”

See the film. It may change your life!