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We believe that “money is created by the government.”
We assume that “banks make profits by lending out deposited funds.”
We trust that “the government created the monetary system to facilitate economic transactions.”
However, economists have known for over a century that this is not the case. In reality, government-issued currency accounts for only about 5% of all money circulating globally. The remaining 95% is created by private banks (financial capital), and the method they use is “debt (=credit).” In practice, this process is nothing more than rewriting data on a computer terminal.
To sustain this system without collapse, continuous economic growth is necessary. However, under the current system, “economic growth” essentially means that new debt must increase at a pace exceeding the interest on existing debt. As a result, global debt has now reached astronomical levels, making it virtually impossible for humanity to repay it fully.
Clearly, such a situation cannot persist indefinitely. Is it truly possible to transform the current system of financial capitalism into a sustainable society? This animation presents several solutions within the framework of capitalism. It suggests that for humanity, monetary reform (or the abolition of the current monetary system) is more urgent than political reform.
This animation is especially for those who believe that “those who make money from money are the true winners and the most admirable.” In reality, this practice is fundamentally a criminal act.
Official Website: http://www.moneyasdebt.net/