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Money As Debt - Paul Grignon


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Just wondered if anyone else had seen this film (I heard it mentioned on a BBC radio interview the other day) and what they think of it. More specifically I'm thinking of those forummers who have a bit more than the usual knowledge of economics.

 

http://video.google.com/videoplay?docid=5352106773770802849#

 

Speaking as an anti-capitalist, there isn't much in the film that I can find to argue against. So I'd be grateful for any serious input that can counter the negative portrayal of the banking system.

 

btw I know it's 47mins but the animation is really very good and the whole thing motors along such that the time flies by.

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Just wondered if anyone else had seen this film (I heard it mentioned on a BBC radio interview the other day) and what they think of it.

 

It's a reasonable introduction to the concept, although perhaps a tad simplistic and exaggerated for effect.

 

The film's creator deal's with the two main criticisms of the film on his blog:

 

Disputed Information in Money as Debt

 

The good news is that a revised version of the film is on its way.

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in that case, your homework is to submit a precis of the content in no more than 150 words

 

I'll let this well-known quote do the job.

 

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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These 3 documentaries are well worth watching if you want to improve your understanding of the global banking system:

 

1. The Money Masters. Low budget but absolutlely fascinating history of banking since biblical times:

 

http://video.google.com/videoplay?docid=-515319560256183936#

 

2. The Secret of Oz: Examines how the symbolism contained in the book is actually a protest against banking and a call for the masses to create a currency based upon silver (Dorothy's slippers were originally silver, they were changed to ruby in the movie to take advantage of the new colour technology):

 

http://topdocumentaryfilms.com/the-secret-of-oz/

 

3. How the banks won: A BBC dispatches documentary which has some brilliant research about exactly how little (in terms of tax/ business) banks contribute to UK society (contrary to the popular myth) and reveals how the banks receive more government subsidies than any other industry, including farming and construction.

 

http://topdocumentaryfilms.com/how-banks-won/

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