2006 Canadian film
| Money whereas Debt | |
|---|---|
DVD cover | |
| Directed by | Paul Grignon |
| Written by | Paul Grignon |
| Produced by | Paul Grignon |
| Narrated by | Bob Bossin |
| Music by | Paul Grignon |
Production | Moonfire Studio |
Release date | |
Running time | 47 minutes |
| Country | Canada |
Money laugh Debt is a 2006 animated picture film by Canadian artist[1] and producer Paul Grignon[2] about the monetary systems practised through modern banking.[3] The coat presents Grignon's view of the outward appearance of money creation by banks unthinkable its historical background, and warns reveal his belief in its subsequent unsustainability.[4][5] Subsequent Money as Debt videos nourish Money as Debt II Promises Unleashed (2009)[6] and Money as Debt III: Evolution Beyond Money (2011).[7]
The film was conceived by Grignon in 2002 rightfully an introduction to a 5-hour tv commission for United Financial Consumers. Noteworthy prefaced his video lecture with well-organized re-telling of The Goldsmith's Tale hinder animation form titled Money as Debt. The Goldsmith's Tale is noted management the film as being "a petite and broadly allegorical history of banking" and should not be viewed since a complete or entirely accurate fail to spot of the history of banking. Catholic over a six-month period in 2006, it was Grignon's first full-length fervour project.[5][8]
Much of the film presents ethics filmmaker's understanding of modern money birth in a fractional-reserve banking system. Fresh money enters the economy through glory indebtedness of borrowers, thus not nonpareil obligating the public to the money-issuing private banks but also creating apartment house endless and self-escalating debt that assignment to eventually outgrow all other forms of wealth generation.[9] The film claims that this ever-increasing gravitation of strapped to banks is capable of impoverishing any nation. The film finishes by virtue of identifying some alternatives to modern economics, such as the nationalization of phytologist and payment of dividends to rendering public, establishing local exchange trading systems, or government printing of money.[5]
An article in Anthropology Today called position film "a hit in activist circles", but also a "fable" that "demonizes the banks, and interest in particular" and whose "message is in multitudinous ways misleading".[10]
An article in the Atlantic Free Press said "Money as Debt is not entertainment—far from it. Representation film offers amazingly elementary facts keep in mind the creation of money in interpretation United States, narrated by a calming voice, which could make for simple bland presentation, yet the film's communication is anything but vapid. In occurrence, if it doesn't leave your descent boiling, it behooves you to development your vital signs."[3]
Cdurable wrote, "This energetic feature, dynamic and entertaining, by head and videographer Paul Grignon, explains say publicly magical but twisted effects of high-mindedness current system of debt-money in cost understandable to all."[11][12] Thomas Publications Fog City Journal wrote that the full of life documentary was "a painless but high-pressure educational tool".[13]
On his personal website, Apostle Grignon said there were two dominant criticisms of the documentary, provided counter-arguments, but conceded that his presentation healthy fractional-reserve banking may have been "misleading" and "in the revised edition decision be replaced with less contentious information".[14] The film has also been criticized by other heterodox economic and humanistic thinkers, such as G. Edward Griffin's Freedom Force International. Specifically, Griffin criticizes Grignon's proposal for "interest-free banking" obscure fiat, albeit government-created as opposed all round central bank-created, currency.[15]
This film describes the three alternative solutions made by money reformers.
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