Vol.6 No.28, 02 August 2006

Money As Debt DVD

Review done by Tom J. Kennedy

Here is another piece of interesting reading related to this topic. Follow the link below.

'Money as Debt' is a new 47 minute DVD created by Paul Grignon from Gabriola, British Columbia, Canada. It is now ready for distribution. I describe it as colourful entertainment with an educational twist. The intent is to share this DVD with people and get them fully interested and halfway to an understanding of all topics related to 'money as debt.'

Paul has interspersed a series of historical banking quotations throughout the DVD. He also uses cartoon characters in a very effective manner to explain 'What Is Money.' Then using these cartoon characters to relate a 'Goldsmith's Tale' that explains the history of gold as money and how the idea of interest or usury was conjured up by the goldsmiths who became greedy.

Finally, he presents a good explanation of 'The Money System Today' wherein he shows how money in our modern society really represents debt. He shows graphically how banks create money from the borrower's promissory note. He points out that the amount of money in circulation is equal to the total amount of debt. He also confirms that loans do not come from depositors' funds which is the misleading impression held by most people.

Paul gives a short history of usury and explains how there was a time in history when every religion opposed usury. He summarizes that the charging of interest or usury is a moral and practical problem in this 21st Century because the banks create the principal of any loan but they never create the interest or usury that is exacted and added to any loan payment. The design flaw of usury is amply illustrated for the evil function that it is.

Finally, Paul spends some time on proposals that will change the orthodox system of usury-based finance. He advocates the usuryfree LETS (Local Employment Trading System) software and illustrates paper notes of usuryfree time currency as usury-free debt money. He shows an example of personalized money with the creator's picture on it. It visually makes the point that we can issue "personal and usuryfree debt money" without the involvement of banks. Paul recommends that local communities establish independent, local barter networks as the last, best defense against the New World Order's plans for a one world usury-based, electronic money supply where every transaction is tracked by the system. In summary, usuryfree community currencies are the optimal, emergency-preparedness model for any community.

In closing, Paul presents a permanent usuryfree money proposal that can be implemented by any level of government. Such a proposal would free us from the Economic Dictatorship that currently is the shadow behind all levels of government - municipal, provincial/state and federal.
Most people that I have shown this DVD to say that they want (need) to see it more than once. I recommend this DVD for anyone's library as it can be a great teaching tool to share with those who are ready and willing to learn what formal education neglects to teach.

The UsuryFree Network is promoting the DVD 'Money As Debt' as a fundraiser to raise money for the Second Annual UsuryFree Day celebrations on Monday, November 13th, 2006. In fact, that week is being designated as UsuryFree Week since usuryfree creatives in other communities are planning events to recognize that usuryfree living is possible and probable for those who make the choice to free themselves from the scourge of usury. There will be a special all-day event at the Holiday Inn, Trenton, Ontario, Canada on Saturday, November 18th, 2006 with guest speakers who are well-researched on the design flaw of usury. More details about this event and other events planned to celebrate UsuryFree Week will follow in the fall of 2006.
The UsuryFree Network is marketing the 'Money As Debt' DVD with a retail value of $25.00 (Canadian Funds) or its equivalency in any other national currency. This is payable in Canadian Funds or in the alternative $20.00 Canadian Funds and $5.00 usuryfree community currency. Any usuryfree community currency is accepted whether in Canada or the United States.

You are encouraged to buy an extra copy and gift it to any social, environmental or electoral reform group or organization as such groups need to know that unless the money-as-debt-plus-interest system is fundamentally reformed, no other reforms will ever succeed, at least not for long. Encourage these groups to view this entertaining explanation about money and then recommend it to their members and the public. Any further suggestions in this regard are welcomed and appreciated.

My pitch to social justice, environmental and electoral reform activists is that, without monetary reform, political reforms will not achieve the goals intended - fundamental power lies in money creation, not laws. And without electoral reform, monetary reform is not going to happen. In this way, I see the 'Money as Debt' DVD helping to enlist a wide variety of social activists behind the demand for both electoral and monetary reform.


For more details please contact:
Tom J. Kennedy, The UsuryFree Network,
P. O. Box 372, Tamworth, Ontario K0K 3G0
Tel: 1.613.379.5131 Email: [email protected]
View samples of usuryfree time currencies at these websites:

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