Evolution beyond Money: Money as Debt part III

Paul Grignon produced Part I and Part II of Money as Debt.

This Part III is the most lucid of all. It points to:

  1. the main cause of paying ‘interest’
  2. the ‘interest’ not being generated by anybody
  3. the man with the money has enslaved the man without it – just like the real world
  4. ‘flow’ is the real measure of economic activity
  5. what is ‘flowing’, is credit or ‘promises to pay’
  6. money = promises of future productive work
  7. interest= reduced future spending power.

Money is lent twice.

  1. first we borrow ‘money’
  2. then we borrow ‘money’ to pay ‘interest’.
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One response to “Evolution beyond Money: Money as Debt part III

  1. Love that title. You’ll see what John Helmer is on to with the Mandelson-Rothschild Flypast. It’s about investing in precious metals.

    http://www.ecademy.com/node.php?id=172189

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