Precepts to use in everyday life

1. Think for yourself, 2. Be yourself, 3. Speak up, 4. Feel free to agree and disagree, 5. Be honest with yourself and others, 6. Be open-minded, 7. Avoid being judgmental and 8. Question everything - even your own thinking.

TOK Essay Titles May 2019

Thursday, February 11, 2010


Human Sciences (Economics)

Money as Debt 1

Money as Debt 2

Money as Debt 3

Money as Debt 4

Money as Debt 5

Some time ago, we posted an entry on the nature of money and how money is created. Here’s a follow up entry with some clips from youtube entitled ‘Money as Debt’. The film is extremely illuminating, especially in the context of the present economic crisis, since it explains the practises of the so-called ‘Banksters’ which, it has been alleged, helped to cause the crisis in the first place.

If you can see the connection between the debt problems around the world and the risks which banks take in creating money through the fiat system, perhaps you’ll also see how the working people suffer most when Governments bail out failing banks: it’s public money, our hard-earned tax revenue, that is used to pay off the debt which banks have incurred in the process of creating money.

Think about how this economic state of affairs has an impact on those principles on which we base our dearly loved democracy: liberty and equality.

What do you think is the moral imperative that drives the behaviour of banks, of governments and of the people (us) who allow this situation to continue? Why does education actively promote this practise of money creation and remain silent on its disastrous impact?

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