Many people find the current level of debt to be at an unbelievable level. It is difficult to see how an economy can survive when the majority of money spent is actually owed to someone else. So much so, that if there was no debt, there would be no money. If you're not sure what I mean, check out the following animated financial documentary entitled "Money as Debt". Paul Grignon's 47-minute presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and ...