Money as Debt II: Promises Unleashed

"Money As Debt II" is an improved version of "Money As Debt". In spite of the animation, this is not a cartoon but arguably the most important film you will see in your life because it tackles the most important subject of our and every previous era as far back as the dawn of recorded history.

In this world with one big and two small exceptions, nothing is physically possible unless it is financially possible. The big exception is war; governments can always find money for that, as is made clear here. Money dominates all our lives, but what is it? In the modern world it is mostly blips in cyber-space.

Herein, Paul Grignon explains in simple language for the intelligent layman, housewife and schoolboy how the money system really works and how it should work, just don't give too much credence to his advocacy of digital currency (ie Bitcoin). The global financial system is nothing but the biggest Ponzi scheme ever devised, one that has been operating way before the birth of Charles Ponzi in 1882.

What is the difference between bank-created credit and counterfeiting? Semantics.

You should have no problem understanding this film, but don't be afraid to watch it again. And again. And again...