January 29, 2009
Banks Loan Money They Do Not Have
OMG! I just watched a video called Money As Debt by Paul Grignon that will blow your mind. If you owe any money you need to watch this.
I realize I trapped you there, because I have little doubt that anyone reading this blog is of no debt. In fact, dare I say that anyone I know (or you know) is of no debt.
Don’t let the running time on this video frighten you. It’s shorter than your average one hour television show, and I guarantee this will leave you more fulfilled (frightened and fulfilled).
Now assuming you’ve watched it, I would love to see your comments please. What needs to be done next?
Hat tip to @swoolverton for opening my eyes (and making me want to close them again).