The description below pretty much says it all. I'd only add that the monetary system covered in this video isn't limited to the US and Canada - it's used around the world.
Also, "interest" does not technically make the repayment of debt impossible because the banks could spend all the interest they collect back into the economy. (That said, banks never do this and even if they did, the "repayment of all debt" IS impossible because every dollar has been "borrowed" into existence. ...repay all the "debt-dollars" and there wouldn't be a single one of them left to run the economy.)
"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 is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States."