Money as Debt (2006)

“Money as Debt” is a documentary essay film that explains the principles of the modern monetary system in a clear and accessible way. The film focuses on a key idea: most money in the economy is created as debt, rather than as tangible value, which has a profound impact on public finances, inflation, and social inequality.

Concept and Structure

The film is constructed as a step-by-step explanation of economic mechanisms using simple animation, diagrams, and voice-over narration. Instead of academic language, it relies on visual metaphors that help viewers understand how the following work:

• the fractional reserve banking system;

• lending and interest accrual;

• the role of central banks;

• the endless cycle of debt.

The authors demonstrate step by step why, in an interest-based system, total debt always exceeds the amount of money available to repay it.

Critical Assessment

The film’s main strength lies in its educational clarity. It requires no prior background in economics while addressing fundamental questions about the structure of the financial world.
At the same time, “Money as Debt” is not a neutral lecture: the film takes a critical stance toward the existing model of monetary creation and encourages viewers to engage in independent analysis.

It is important to note that the project presents a complex topic through an authorial interpretation rather than an academic consensus, which is why it has become particularly popular in discussions about financial system reform.

Themes and Subtext

• the nature of money and credit;

• a debt-based economy;

• the power of financial institutions;

• state dependence on borrowing;

• systemic causes of crises.

Visual Style and Presentation

Minimalist animation and infographics make the film easy to follow. The absence of interviews and archival footage shifts the focus to the ideas rather than personalities.
The musical and sound design does not distract from the narration, reinforcing the educational nature of the material.

Cultural and Educational Significance

“Money as Debt” has become one of the most widely discussed independent documentary films about finance on the internet. It is often used as introductory material for debates on the banking system, alternative currencies, and economic justice.

Editorial Conclusion

“Money as Debt” is a film that changes the viewer’s perspective on familiar reality.
It does not offer ready-made solutions, but it compels viewers to reflect on how the system in which modern society lives is structured—and why debt has become the foundation of the global economy. It is essential viewing for audiences interested in economics, politics, and the mechanics of the contemporary world.