Tomorrow will be a better day

tomorrow will be a better day...this is more or less what Tomorrow movie tells us.
I enjoyed the positive approach of the movie that is about sustainable way of living but also the overall perspective about how to change habits and political models which our society is based in.

I thought it was very interesting to learn with the movie Where Does Money Come From? because it is amazingly simple and terrifying at the same time.

Money is created by banks, private companies:

Physical cash accounts for less than 3 per cent of the total stock of money in the economy. Commercial bank money – credit and coexistent deposits – makes up the remaining 97 per cent of the money supply. 

There are several conflicting ways of describing what banks do. 
The simplest version is that banks take in money from savers, and lend this money out to borrowers. This is not at all how the process works. Banks do not need to wait for a customer to deposit money before they can make a new loan to someone else. In fact, it is exactly the opposite; the making of a loan creates a new deposit in the customer’s account. 

More sophisticated versions bring in the concept of ‘fractional reserve banking’. This description recognises that banks can lend out many times more than the amount of cash and reserves they hold at the Bank of England. This is a more accurate picture, but is still incomplete and misleading. It implies a strong link between the amount of money that banks create and the amount that they hold at the central bank. It is also commonly assumed by this approach that the central bank has significant control over the amount of reserves banks hold with it. We find that the most accurate description is that banks create new money whenever they extend credit, buy existing assets or make payments on their own account, which mostly involves expanding their assets, and that their ability to do this is only very weakly linked to the amount of reserves they hold at the central bank.

is this a problem?
yes it is such a big problem that in Portugal the banks have been bankrupted.
Check here to understand why it is a serious problem.

I believe tomorrow will be a better day but the problem is to know when that day will come.