Published on Sep 4, 2013 by Positive Money
http://www.positivemoney.org/
10 year old Holly explains where money really comes from, why is there so much debt and what it means for you...
Have you ever tried to do a jigsaw puzzle but one of the pieces was missing? Well, the financial crisis and all the trouble since then is a bit like that.
Personal debt is at its highest level in history. We currently pay £192 million in interest to the banks every single day. Almost no-one under 40 years old can afford to buy a house. Over 2 million people are unable to find work in the UK, and millions more worldwide...
But the government's 'answer' to this crisis is to get people to borrow even more!
No matter how many economists are working on the problem, they'll never solve it because they're missing the most important piece of the puzzle.
But once this missing piece is found, even a 10 year old can understand it.
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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org/
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Starring Holly Jacobson
http://hollyjacobson.co.uk/
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This video was made for us by DAY 600 (www.day600.com), the company behind the award-winning documentary Critical Mass (www.criticalmassfilm.com).
With thanks to Brian Strange, Tim Jordan, Andrew Cahill, Andrew Cake and Jasmine Gooch.
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Help us translate this video on Amara: http://bit.ly/18rfDmo
