This guys presentation misses the fundemental point about how money is created through debt, which must be paid back with interest, which must come from money created by more debt
For a real indepth (and understandable) look at how it all began, and where its all going, I highly recommend taking the time to give this one a look. It just appeard on
Itulip yesterday
Its 50 mins, so get comfy, but well worth the time
Money as debt
It doesn't intend to be doomerish and even proposes new systems to fix the problems, but when you tie in modern politics, and peak oil with it, it becomes some of the best doomer porn I've seen in a while.