In Debt We Trust: America Before the Bubble Bursts
January. 01,2007Emmy-winning journalist Danny Schechter investigates America's mounting debt crisis in this latest hard-hitting expose. The film reveals the unknown cabal of credit card companies, lobbyists, media conglomerates and the Bush administration itself who have colluded to deregulate the lending industry, ensuring that a culture of credit dependency can flourish. Schechter exposes the hidden financial and political complex that allows the lowest wage earners to indebt themselves so heavily that even house repossessions are commonplace.
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Reviews
I enjoyed watching this film and would recommend other to give it a try , (as I am) but this movie, although enjoyable to watch due to the better than average acting fails to add anything new to its storyline that is all too familiar to these types of movies.
All of these films share one commonality, that being a kind of emotional center that humanizes a cast of monsters.
There are moments in this movie where the great movie it could've been peek out... They're fleeting, here, but they're worth savoring, and they happen often enough to make it worth your while.
It is an exhilarating, distressing, funny and profound film, with one of the more memorable film scores in years,
Danny Schechter investigates mounting debt crisis that Americans are facing in this documentary entitled,In Debt We Trust.It informs the viewer on how many Americans are becoming dependent on credit cards and how this could affect them in the years to come with frightening consequences. The documentary reveals how credit card companies,lobbyists,the media and President George W.Bush's administration have conspired to the deregulation of the lenders to maximize the dependency of Americans on credit cards and to firmly establish the culture of credit in to the American lifestyle. It also informs the viewer the how financial and political complexities brought about to Americans to become in debt so that they find themselves being involved in maxing out credit cards,bankruptcies and house repossessions.Interviews were made to educate viewers of how politicians and lenders made this happen.Added to that,we also get to know how young people get burdened with so much debt with respect to student loans before to get into their first job. As all of these are discussed,we get to see how this will eventually affect the society and country in terms of economic stability and eventually the global economy considering that the world is dependent primarily on the United States' economy.What makes this documentary good is the fact that it provides information not only on what currently happening when in the lending industry and the government but it also provides information to the public on how to empower themselves to avoid the traps of debt dependency.While some may find this basic information that the consumer should already know,people with limited knowledge on credit will find this highly informative on decisions they should make in the future when it comes to money and credit and definitely entertaining as they makers of the documentary made it easy to understand.
This documentary shows the influence of debt in everyday life. From consumer dependence, credit card advertisement, the economic system to politics and law.This documentary was definitely worth watching. It informs about the forms of debt you get offered by corporations, showing all consequences of the deal. It sheds light on the dark side of consumer debt.What surprised me is that no other reviewer mentions that this documentary predates the 2008 economic collapse. It tells about sub-prime loans, reselling of mortgages by banks and the uneven battle between individual consumers and big corporations.
What a load of crap! What a surprise, credit cards charge interest. Students are bad with money! Short Term Loans are a bad idea. Besides the fact there is no real insight in this movie, it is cheap looking, the sound is horrible, and they jump from idea to idea without offering any concluding thought. There is a lot of corruption in the money lending industry and this is a large scale problem in North America. This movie gives you nothing that opening your credit card statement can't already give you. I am all for documentaries, but this looks like it was thrown together on a weekend by a community college instructor with music by a local dinner theatre. If you want to prevent yourself from going into debt, save the $4.00 you'd spend on renting this garbage.
The issue of overwhelming consumer debt isn't a partisan issue as much as an issue of whether consumers have too much trust for corporations. It is without question true that Americans are too accepting of consumer debt and the associated interest charges. We are told that everybody has a flat screen television, a new car and a three bedroom house in the suburbs. In fact, there are a lot of people who can't afford more than basic housing and food; and they don't like that. Hence, they borrow to live beyond their means.This movie does an excellent job in pointing out that corporations make money when consumer make poor financial decisions. It loses some of it's impact when it takes a detour on the discussion of the national debt, with not much explanation as to the difference between the national debt and personal debt. It also doesn't completely explain the changes in the bankruptcy laws; instead it uses the talking points of those opposed to the change. It is too important an issue to be left as a big corporation vs poor people battle.