In Debt We Trust – New Movie
By Jeffrey Strain, August 7th, 2006 | 3 Comments »
There is a new debt industry film out titled In Debt We Trust by Danny Schechter that may be worth watching. According to the movie’s website:
While many Americans may be “maxing out” on credit cards, there is a deeper story: power is shifting into fewer hands…..with frightening consequences.
In Debt We trust shows how the mall replaced the factory as America’s dominant economic engine and how big banks and credit card companies buy our Congress and drive us into what a former major bank economist calls modern serfdom. Americans and our government owe trillions in consumer debt and the national debt, a large amount of it to big banks and billions to Communist China.
Here’s the movie trailer:
You should consider writing a review after it comes out.
I have to admit that this is a scarry fact of life we all depend on credit more than we do cash, so I guess the statement in debt we trust is apt really. But it is also sad, it encourages everyone to live well above their means, often resulting in people loosing their homes, and families in some cases their lives when they can take no more. The government should look into ways of assisting people who have got into trouble, by reducing the appeal of these cards.