Money as debt

Hi everyone! I wanted to talk about a video I found online. This video is like a little movie that consists of multiple small videos that got glued together into one. The narrator Paul Grignon explains us where money comes from. From the beginnings where stuff was traded to trading gold for paper and to where we are now. As of now banks are literally creating money from nothing and that’s why we the world has huge debts. The debt only grows bigger because banks only have 1:9 of what people borrow from them. In my opinion this growing debt is pretty scary and will probably let the global market crash once again. Thanks to this video my concept about money has changed. Money is indeed Debt and without it we wouldn’t have an economy.