Posted by: glennandert | 17-August-2008

Where does money come from?

Tim de Jardine and I were having a chat recently about the monetary system. He sent me this link. This is an amazingly good video explaining how the banks create money out of nothing, how the whole system is completely dependent on an ever increasing pile of debt, and how we are all slaves to this debt. It shows how the present monetary system will collapse without ever increasing growth and debt. And it points out that we all know that this is completely incompatible with reaching a sustainable world where we don’t cut down trees faster than they grow, and where the human population is not increasing. This is a great “read”.

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