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From : TheLibertyChannel
Added: Jul 22, 2008
Why was there a Great Depression? And why are there recessions? Why do currencies devalue -- and prices inflate? Why do you get poorer every time it happens? Why is there an IRS? And, do you *really* owe it to pay them your hard-earned money? Do banks create money out of thin air? They couldn't -- that would be a fraud! Well, but that is exactly what they do. And they then lend it to you, with interest. And you're forced to back that up with real wealth -- your car, your home, your gold. Odd as it may seem, the products of your work actually pay for *fake* bank money. Money as Debt is a powerful animated documentary by videographer Paul Grignon. It accurately explains the evolution and functioning of banking, and the international monetary system. It's a must watch, if you really want to know how the issuance of currency not only affects, but also *determines* your financial well-being. Spread this film to everyone you know. It is an essential resource for the understanding of world economics, and on how it affects the individual. You can also buy this video and support the filmmaker in http://www.moneyasdebt.net/ For more information on this subject, visit http://mises.org/ and consult the excellent Literature and Articles sections. Also, subscribe to http://www.youtube.com/user/misesmedia on Youtube, and view the excellent films they have there. And get informed on Ron Paul -- the only presidential candidate in the world who will talk outside of the box, and focus on this central topic: http://www.youtube.com/user/ronpaul2008dotcom?ob=4 http://www.ronpaul.org/
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