Money as a debt (2006) & the Inside Job (2010)
Money as a debt is a low budget documentary using mainly animated characters to depict it’s extremely rich content, at least for those not specialized in finance. I would rather call it as economics for dummies and personally consider it as a “must see” for everybody. I appreciate the simplistic way it explains concepts which I was usually considering as a given: for instance who/what generates the money as value. I’m not talking on the actual printed banknotes but the money as a value concept. Not a simple topic… The documentary starts from very basics so give it ten minutes before dismissing it as “simple”. It is even available online if you settle for a lower image quality…
The Inside Job pics up the challenge of explaining how was and still is the previously explained mechanism used to actually make billions of dollars. This is not a conspiracy theory but quite documented and well researched movie. I find brilliant the opening:
Iceland: Population – 320.000 people
Gross Domestic Product- 13 Billions
Bank Losses- 100 Billions
If sounds interesting, see the rest of the documentary.
For the image below, Left to Right:
Henry Paulson (Former US Secretary of the Treasury), Ben Bernanke (Chairman of the US Federal Reserve) and Timothy Geithner (US Secretary of the Treasury; former President of the Federal Bank of New York)
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