CivicActions

In the wake of having our mortgage approved (today - yea!) a friend (?) sent me a movie that graphically shows how we just contributed to the economy by putting ourselves in debt.

http://www.moneyasdebt.net/

Google video <- click here

There's nothing in this that is new, but it's frightening to see it presented so clearly. Some key concepts:

• The only value that exists in the United States today is the promise to repay a debt.
• Banks do not lend money; they create it from debt. If there was no debt, there would be no money.
• More and more stuff has to go from natural resources to garbage each year to keep the system going.

I have long pushed for electoral and campaign finance reform, but I fear that monetary reform - something I have never really thought ofe before - may be far more important. Please check out the video above and see if you agree.