Monday, December 12, 2011

The History of Money

Part - 3  /  Part - 4  /  Part - 5   This presentation explores how money is created and issued. Money used to be backed by gold and silver but today's money is backed by debt, your promise to pay back a loan and the government's promise to back up the currency. 
Money as Debt is a short animated documentary film by Canadian artist and film maker Paul Grignon about the monetary systems practiced through modern banking. The film presents Grignon's view of the process of money creation by banks and its historical background, and warns of his belief in its subsequent unsustainability.

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