Wednesday, September 4, 2013

Positive Money — 10 year old explains the truth about where money comes from...


10 year old explains the truth about where money comes from...
Positive Money
(h/t Ralph Musgrave via email)

Positive Money has an out of paradigm bias toward full reserve banking, but this is worth watching if only for the clever presentation in only 3 minutes. However, it does ask the key question about money creation. If it was imprudent bank lending that resulted in the crisis, why are we being pushed into debt to the banks again as the solution to the crisis when government issues the currency?

1 comment:

system failure due to insufficient evolution? said...

MONEY AS DEBT

http://www.youtube.com/watch?v=jqvKjsIxT_8