Journal 11- Money as debt

The first opening of the video, " Money as Debt", caught my eye from the very start. The beginning was a series of facts and quotes from important economist and leading people in the economic world. The video had commentary by a man, which for me as the view, has a strong affect. It starts of talking about, Where does money come from?, which is a good question. It comes from the government. We all know that banks have the ability to give out loans to people, but in the long run, this process actually hurt our country today and has put us in the situation we are in right now. The banks state that they can give people money, because the borrowers statement that they sign, stating that they can pay them back in a certain amount of time. This is not the case though, this is why were are in the place we are know, because people cant pay the banks back. The banks were giving out to much money, to people who couldn't find away to pay they back.
Then the video goes to inform about the money system today. The basic idea of money has changed over the years. Today money is represented as debt. If both the government and also the banks can create money, than how much money is really being passed around in the economy and how much money does exist? Its weird to think about these ideas because a person wonders, where is my money actually going? The movie states that banks don't lend money, they are the ones who are creating debt. If there were no debt, than there would be no money. The great depression is equivalent to the time were are in now. We are depending on big bank corporation to help get us out of this mess, but for us to function as a stable society, more debt needs to be created. The difference between money loaned and money created is growing more and more every day. The money being loaned was sky rocked compared to the money being made.
From an Advertising perspective, I believe that this business can never really fail. Right now I think it is important for business to come out unique and intelligent ads and commercial to help sell products. I don't think that there will be a downfall for Ad. companies. There is always a need for advertisements so products sell. Its important to send money on products, that will do well and exceed expectation.
To help turn our economy around, we need a different concept of money. We need to think differently than we did before. From a personal point of view, I think that we put ourselves in the economic state that we are in right now. The bank also contributed to this, but at the same time, people couldn't pay the banks back. My father is a business man, who runs a small company and he said this was one of the hard times in his career. We need to be careful with what we spend and try and help the situation we are in.