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So on one side money represented
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Interreflections

So on one side money represented a store of valuepeople could spend, while on the other it...

So on one side money represented a store of value
people could spend, while on the other it was
a liability made out of debt

Full Transcript

00:00:01.000 --> 00:00:03.047
So on one side money represented
00:00:03.504 --> 00:00:05.773
a store of value people could spend,
00:00:05.806 --> 00:00:09.442
while on the other it was a liability made out of debt.
Duration
9 seconds
Views
18
Timestamp in Movie
01:51:36
Uploaded
May 30, 2025
Genres
fantasy, sci-fi
Production
Gentle Machine Productions LLC

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Movie Summary

In a quest for a new, more humane society, a counter-culture revolution takes the world by storm. In the first of the InterReflections Trilogy, we look back to the modern world and wonder how it was we managed to survive as long as w
In other words, for every dollar that existed, - Interreflections 00:08
In other words, for every dollar that existed,
That was how money was brought into existence - Interreflections 00:08
That was how money was brought into existence
That understood any kind of service in that economy - Interreflections 00:10
That understood any kind of service in that economy
So the borrower not only had to eventually repay the loan - Interreflections 00:07
So the borrower not only had to eventually repay the loan
Imagine an island of a hundred people, - Interreflections 00:07
Imagine an island of a hundred people,
They plop a bank down and each of them take a loan - Interreflections 00:07
They plop a bank down and each of them take a loan
So they all now have 10,000 credits total - Interreflections 00:09
So they all now have 10,000 credits total
When the time comes to pay back the loan, - Interreflections 00:11
When the time comes to pay back the loan,
Same for the whole society, - Interreflections 00:08
Same for the whole society,
But yet, only 10,000 actually exist in the money supply. - Interreflections 00:05
But yet, only 10,000 actually exist in the money supply.
There is now more depth owed than money in existence - Interreflections 00:08
There is now more depth owed than money in existence
So three things can happen: one, those short - Interreflections 00:08
So three things can happen: one, those short
Two, people could ramp up competitive trade - Interreflections 00:12
Two, people could ramp up competitive trade
Or three, the bank comes in and takes real property - Interreflections 00:10
Or three, the bank comes in and takes real property
Yes, banks were vehicles of creation on one side, - Interreflections 00:09
Yes, banks were vehicles of creation on one side,
But in a large complex global society, one based - Interreflections 00:10
But in a large complex global society, one based
Obscured by things like the boom-and-bust cycle, - Interreflections 00:06
Obscured by things like the boom-and-bust cycle,
- Mm, please continue. - So back to our island again. - Interreflections 00:04
- Mm, please continue. - So back to our island again.
But this time for the sake of simplicity, - Interreflections 00:10
But this time for the sake of simplicity,
So the 10,000 credits of money has been moving around - Interreflections 00:32
So the 10,000 credits of money has been moving around