American in Spain

Where does all that money come from?

October 28, 2008

Money As DebtAs I have been learning more and more about the way our economy functions and how bankers have gotten us into this "credit crisis", there has been something nagging me, a distant voice in my head shouting and pointing to the elephant in the room, the big obvious problem that no one is talking about. I have been unable to put my finger on it, and have been actively trying not to think about it. But it keeps coming back. We all hear the figures. The US national debt is increasing by three billion dollars each day. Congress proposed a 700 billion dollar "bail out package". The question that no one ever asks, and has been nagging my logical mind is: Where does all that money come from? You need to watch this video. It is 45 minutes long, and some of the animations are a little annoying, but it will blow your mind, scare the crap out of you, and make you smarter about understanding the economy. Not to sound all tin-foil-hat, but if I were you, I'd hurry up and watch it before the people that prefer you remain ignorant make it go away.

I applaud the video's creator, Paul Grignon.