Money As Debt
Author’s Note: While the foregoing film is very good, one point that was made is incorrect. The banks charging interest on the money being printed *can* in fact be paid back without using the existing money supply, but this can only be done if the profits the banks generates from this fraudulent process are paid out to the general populous. For example, lets say that you get a $10,000 loan from the bank. The bank charges you $20 a week in interest on this loan. Since the banks revenues come from this interest, let us assume you get a job at the bank cleaning its floors once a week in exchange for $20. You are effectively able to pay the interest on your loan from money outside of the total money supply - from the banks interest itself. The fraud here is that the bank offered nothing of value in exchange for you cleaning the floors every week, and in effect you become a slave to the bank. Those who refuse to become slaves will be foreclosed upon, and have their property confiscated.
Money As Debt II: Promises Unleashed