Tag Archives: sustainability

Where does the money come from?

Paul Grignon produced a 47 minutes animated documentary film about the creation of money and the modern banking system. It is a must-see video if you wonder where the money comes from (certainly not from gold or silver). A few elemental phrases I picked to warm you up:

The vast majority of money is not created by the Government, it is created by private corporations known as banks. Banks create money out of nothing. In the past, money represented value, today money represents debt. New money is created whenever anyone takes a loan from a bank.

In the artificial world of money, a bank’s promise to pay money it doesn’t have is allowed to be passed off as money and we accept it as such. Even more amazing is that once we realize that money really is DEBT, we realize that if there was no debt there would be no money!!!

Loan fees, interests and taxes should be paid too. This money isn’t created so everywhere, there are other borrowers frantically trying to obtain the money they need to pay back Principal, Interest and fees from a total money pool which contains only Principal. It’s clearly impossible for everyone to pay back the Principal plus the Interest. And so, more and more new debt money has to be created to satisfy today’s demands for money to service the previous debt. But, of course, this just makes the total debt bigger. In other words, debt is perpetual and unpayable.

How can it be that the people who actually produce all the real wealth in the world are in debt to those who merely lend out the money? We are completely dependent on Commercial Banks, that is, a small elite is controlling the world.

As Leo Tolstoy (1828-1910) said:

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal—that there is no human relation between master and slave.”

There’s also available a video in Spanish and an english transcript can be found here.

Urban farming

The world population has passed the 7 billion line and has been growing during the last decades above 1% a year. The average annual growth rate is decreasing and people are moving from rural areas to the cities at a fast pace. As of today 50% of the world population is living in cities and is expected to reach about 70% in the year 2050. In absolute numbers this would be 70% of 9.5 billion persons which means a 100% more food necessary in 2050!

As food production is about 1/3 of our environmental footprint, mainly caused by producing food far from where it will be consumed and also deseasonalization of the agriculture, new farming methods are being searched for. An interesting development is called “urban agriculture” or “urban farming” which basically means cultivating food within the city limits, close to the actual consumers.

Roman Gaus explains in a TED video the closed fish-vegetable system his team has developed and demonstrates that food can be grown without soil and using 90% less water. Their concept can be located on empty roof tops.

True business models relying on the urban farming concept have arisen out of the need to depend less of fossil fuel intensive transport (95% of United States food has traveled more than 1000 miles (1600 km). BrightFarms and Sky Vegetables are two USA based companies that design, construct and even finance greenhouse farms at supermarkets roofs.