Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It also answeres the common question of Where did the National Debt Come From?

It is part one of a 5 part series and you can see part 2 here. - Where did the National Debt Come From (Part 2)

For more information, have a look at this Wikipedia page.