The document discusses the problems with the current monetary system and how money is created. It notes that most money consists of bank account balances and is created through banks making ledger entries. The documentary argues that defining transactions and value through monetary exchanges shaped by debt and interest rates can encourage scarcity, competition, and other social ills. Alternative perspectives are proposed that question the need to measure transactions and emphasize disengaging from debt and a focus on collective well-being over financial gain.

2. more notes here and here
quotes in brown from (2009) documentary.. the money fix
https://www.youtube.com/watch?v=TwmM5Nb6hiE

3. graeber job law.. earn a living ness et al
bullshit jobs
labor
earn a living
buckyeisenstein earn law
rushkoff job law
radical econ
work ethic
of math and men ness
campos wake up law
_________
debt
the future of money
wealth inequality in america video
what if money was no object – alan watts
money enough – taxes on war
moneyless
moneyness
_________
a nother way
radical econ et al
and here(s)...

4. f a k e
4 min - the money system went global and it
began to disorder every local eco/social system
on the planet
at bottom of all the
rules is the rule that
making money is
always more important
than anything else..

5. f a k e
today.. entire apparatus of assumptions
underlying economics are simply wrong..
why do we allow societies to be run with
this malfunctioning source code..
rushkoff os law

6. f a k e
saying money makes world go around.. but in more accuracy…. money stops world..
doesn’t facilitate in current form it inhibits transaction/trade
6 min – thomas: money is one thing required for econ
exchange.. channel thru which every transaction
must go in order to be completed.. we live today
by exchanging goods/services with one another
and money is the medium we use to do that.. so
money becomes the controlling element in
economics.. those who control money control
everything..

7. f a k e
9 min – is it possible that what a society
chooses as its money can affect behavior of its
people..?
rather.. if it chooses money (any
measuring of transactions) at all..
ie: 10 day cares

8. f a k e
9 min - bernard: conventional thinking about money: passive
medium of exchange used as a convenience .. doesn’t affect
1 kinds of transactions or.. 2 relationships between the
people.. both these things happen to be proven wrong..

9. f a k e
13 min- francis: most people
don’t realize that the
fed reserve is a private
corp and it is for profit
..and in fact is neither
federal nor reserve..

10. f a k e
18 min - william: at the end of the day.. they
balance accounts and some numbers have
been added to the supermarkets and taken out
of our account
robert: most of what we call money are bank
accounts..
it is these bank account balances that make
up about 97% of what we think of as money..

11. f a k e
19 min - francis: money is
basically an idea.. that
you owe something or
someone owes
something to you..
money is simply credit..
which means.. it’s an
information system..

12. f a k e
21 min – so if money is
no more than info
about what we owe
each other..

13. f a k e
21 min – so if money is
no more than info
about what we owe
each other..
huge..

14. what if we don’t owe each other anything.. (or we owe each other everything.. same)
f a k e

15. 21 min - bernard: every dollar.. ever national
currency you’ve ever seen.. is someone’s
debt..
f a k e

16. what if we disengage from whole idea of debt
f a k e

17. f a k e
22 min – thomas: john kenneth galbraith in book ..money whence it came where it went.. says
this:
the process by which money is created
is so simple that the mind is repelled..
and it’s true.. when i tell people how..
money is created by banks simply by making
ledger entries ..
they just can’t believe it..

18. f a k e
22 min – thomas: john kenneth galbraith in book ..money whence it came where it went.. says
this:
the process by which money is created
is so simple that the mind is repelled..
and it’s true.. when i tell people how..
money is created by banks simply by making
ledger entries ..
they just can’t believe it..

19. f a k e
23 min - francis: the simple/uncomfortable fact
is.. that if all the debts were *repaid.. the money
supply would simply disappear..there would be
no money.. and that would mean a complete and
total collapse of the economy
*repaid..?
or wiped out.. let’s do that..

20. f a k e
24 min - bernard: go to buy a house for 100 000.. they check your
credit.. and then decide to create the credit.. enter electronically in
your account.. and say you have to bring back 200 000 in next 20
yrs… the 100 000 is created.. the second 100 000 is not created..
so
..they send you into the world to compete w
everybody else to bring in the 2nd 100 000 dollars..
that’s how the money is kept scarce.. thru the
competition w/these diff players for interest that is
not created.. so always less money than is
necessary.. and is non systemic

21. f a k e
26 min - everybody in the econ is vying w
everyone else to avoid defaulting on their
loans to the banks.. and the only way they can
do that is by competing with one another for
an inadequate supply.. so like game of
musical chairs.. assures there must be some
losers..

22. f a k e
28 min - what if there was a
collective
understanding of how
phony the money is..
what would people do..
riot in the streets..?

23. f a k e
33 min - lynne: a constant battle with.. there’s not
enough.. i’m not enough.. an
unconscious/unexamined mindset that creates
distorted behaviors that are inconsistent with
who we are
we swim in unexamined/unconscious beliefs

24. f a k e
36 min - lynne: this ‘there’s not enough
to go around.. someone’s going
to be left out’ gives us this
difficult/unfortunate
permission to leave people out..

25. f a k e
lynne: this.. there’s not enough
to go around.. someone’s going
to be left out… gives us this
difficult/unfortunate
permission to leave people out..

26. f a k e
39 min - bernard: is competition the
world way? or is that the money
system makes it that way?… i
make the second claim..

27. f a k e
47 min - michael l: it’s that we do the
work we do.. so often..
simply for the money..
now..since we’re all chasing
this money around.. it
utterly patterns our society..

28. f a k e
michael l: it’s that we do the
work we do.. so often..
simply for the money..
now..since we’re all chasing
this money around.. it
utterly patterns our society..

29. f a k e
michael l: it’s that we do the
work we do.. so often..
simply for the money..
now..since we’re all chasing
this money around.. it
utterly patterns our society..

30. last section of documentary goes into solutions..
my take: i don’t think alternative/local currencies.. and/or mutual credit will ever get us to
equity (everyone getting a go everyday)..
we have to disengage from measuring transactions/us..
we have to disengage from info on what we owe each other
we have to disengage from thinking that we owe each other
we have to disengage from all the flapping about all the B/b/policy
we have to disengage from fakeness and wake up to aliveness

31. we worry about things like ie: dr having degree..because
we’ve only seen what people do when we
depend on income
depend on pkg deal..aka degree..to get that income
degree
didn't help rob
hasn’t helped syrian children
hasn’t addressed suicide
et al
we haven’t yet seen what people do when they are free
because we have yet let go of fake/control/fear

32. whats making us sick/asleep/dead.. is not non-degreed drs..
it's people not thinking for themselves

34. what if free artists (meaning artists
set free) frees us all..?
what if
money/policy/credentialing/proof is
getting in the way of our
breathing/being/eudaimoniative
surplus..? .. of a global systemic
change..?

35. via Dougald Hine (@dougald)
Rereading @markravenhill‘s Edinburgh speech from 2013 – if you work anywhere near the arts and haven’t read it,
do – theguardian.com/culture/2013/a…
If I didn’t have to fill in forms, tick boxes, prove how good,
nice, worthy me and my project are to a well meaning
gatekeeper maybe I’d make something better – more
truthful, more radical?
document everything (and nothing) ness in spaces of permission with nothing to
prove

36. or the degree
or the money
or the whatever

37. Trying to get away from acting, being people that we aren’t, for whatever reasons, and instead, doing what matters most to us.
Art is that interesting piece inside each one of us. It’s that thing you can’t not do. In providing spaces to be, we allow people to
find, grow, and create their art. If people are doing, making, and being their art, they become indispensable, rather than simply
virtuous, or bored or delinquent or depressed.
or degreed/professional/educated/money-heavy
We get so worried about, and expended in, a means to improve or to prove. If we focus on authentic art, as opposed to prescribed
learning, the proving will not longer be an issue. We’ll wonder what all the fuss was. The kids already wonder. The art, the sharing of
that art, because you can’t not, is its own reward.
no train
just us
t r u s t u s
If it’s your art, you will do almost anything to give it away.
–Seth Godin, linchpin

39. f a k e
generate some income..
such a made-up/fake/debilitating notion of what
being human is all about..
and it’s making us

40. is killing us
let’s stop it