From time-to-time we will post items that we are calling Money and Banking 101. These come from various sources around the world. This is the first in that series. The three videos presented here come from the Public Banking Institute and the Pennsylvania Public Bank Project. This is the first post of three in this series.
The first of these videos deals with money and money creation. People will work for decades to make the money they need to pay the bills and other necessities. Yet, fewer than 1-in-1000 people understand how this money actually gets into circulation and who benefits from our current system. After viewing this video, you will be one of those 1-in-1000 who understand this troubling issue in our current banking system. This is important knowledge. Please pass it on.