291K views · Oct 28, 2015 · 46:21 · 4 HN recommenders · 5 mentions · discussed 2020–2022
An animated documentary by Paul Grignon explaining how modern money is created through bank lending as debt. This is a combined upload of the revised 2009 edition.
Why Hacker News points people here: HN commenters recommend it as a cartoonish but thorough explanation of the monetary system, though some critics dispute its claims.
“is a cartoonish but thorough explanation for anyone who has the time”HN comment, 2022
“Anyone who wants to understand this insanity, I recommend MONEY AS DEBT”
Documentary on how the monetary system works.
Anyone who wants to understand this insanity, I recommend MONEY AS DEBT this video The first time I saw it I thought it was a luny conspiracy theory, but NO. It's all true.
“since then you will never take financial markets seriously”
Changes how you view financial markets.
This is a good start, "Money as debt". Saw it in university and since then you will never take financial markets seriously. And all the "stimulus" we see is just pushing the can forward. You will start to see through a lot of lies. this video
“I am surprised no one has shared these two important documentary videos on money”
Important documentary on money.
I am surprised no one has shared these two important documentary videos on money: Money as Debt: this video Principles for Dealing with the Changing World Order by Ray Dalio: link
“is a cartoonish but thorough explanation for anyone who has the time”
Cartoonish but thorough explanation of debt-based money.
> Which in practice means there's literally never enough money in circulation to pay off the 'debt'. I always wondered why so many people were in so much debt, and was really shocked when I came to the understanding that we've designed our monetary system to trap people in debt. this video is a cartoonish but thorough explanation for anyone who has the time. This system really is insane. I mean, I thought Bitcoin was dumb because it's based on nothing, but our national government-based monetary systems being based on debt are even worse.
Personal anecdote: the video that came with the introduction to bitcoin.
> Early(ish) adopter here(circa 2013): initially it was a way for nerds who didn’t have street connections to buy drugs. You are making assumptions. It might have been your motivation back then. It most certainly wasn't the motivation for many people I know in the space. I was introduced to bitcoin by someone who was also promoting this: this video and the interest I developed for it was both because the tech. was interesting and new and it resonated with my political sensibilities. Strictly nothing to do with drugs.
