money as debt

MONEY AS DEBT [1]

[1]

: Film Showing and Discussion
This 47 minute enlightening film by Canadian, Paul Grignon

• Explains that money is created by debt, not by money.
• Government created money only accounts for less than 5% of the money in circulation. More than 95% of all money in existence today comes from loans, from someone signing a pledge of indebtedness to a bank.
• Banks can create as much money as we can borrow.
• Is banking a scam, designed to benefit bankers at the expense of everyone else?

Sponsored by Cleveland Committee on Corporations, the Law and Democracy [2], Northeast Ohio American Friends Service Committee
[3]

Location