© Paul Grignon
Paul Grignon, 2006
History of money as we know it, how it is created by banks, almost out of nothing. New money is created anytime anyone takes a loan from the bank. Banks loan money they do not have. More than 95% of existing money around the world is credit money.
This system of money supply needs a perpetual growth of the economy, requiring more and more from natural resources. So why create money from debt at all? Why not an alternative system of money that is sustainable for people and the planet?