Where money comes from: fractional reserve and debts

In this 47-minute video, Paul Grignon lays out the workings of the fractional reserve system, explaining how banks are able to create money and then collect interest on it. He's highly critical of the system (which I have a hard time getting my head around), and he makes a good case for the idea that the deck is stacked against everyone except bankers.

Money As Debt

(Thanks, Chris!)