Where Does Money Come From?

"Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere -- so organized, so subtle, so watchful, so interlocked, so complete, so pervasive -- that they better not speak above their breath when they speak in condemnation of it."
-Woodrow Wilson

Where does money come from?

Why doesn't your government own it's own money?

Why does your government borrow all it's money from private banks at interest?

What is "fractional reserve banking?"

Our money system is a big fucking ponzi scheme, based on debt. IOUs. And IOUs taken out against IOUs.

This is how the housing market collapsed, massive numbers of people unable (or too fucking smart) to continue paying the debt on houses that ad less value than the debt itself.

If you use money and carry any kind of debt, you need to watch this video.

clipped from video.google.com Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.