22 October 2010

Money as Debt by Paul Grignon (No Debt, No Money)

"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave." ~ Leo Tolstoy

Paul Grignon demonstrates how to create money by recycling mortgage and loan in this video. First of all, "The Goldsmith's tale" is shown to explain the history of how and the money come from. Few important perspectives are described such as "No Debt, No Money", "Loans and Deposit", "Bank create money from nothing", "Inflation" etc. Some suggestions about this phenomena can also be found in this video. Finally, I hope you will enjoy it.

Although I have not yet verified the concept of this video, it sounds reasonable and creditable. Besides, it also inspire me to rethink and review about the system of money today. That's all for today. Feel free to give me a comment about this topic or any suggestion about Xaivier Blog. It will be a great support to Xaivier Blog.

Review by: Xaivier Chia
(Note: this video is already created three years ago in Internet, but this is my first time watch it and feel very inspiring from it)
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