In Debt We Trust

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Editorial Reviews
Product Description/ Amazon.com
Just a few decades ago, owing more money than you had in your bank account was the exception, not the rule. Yet, in the last 10 years, consumer debt has doubled and, for the first time, Americans are spending more than they’re saving — or making. This April, award-winning former ABC News and CNN producer Danny Schechter investigates America’s mounting debt crisis in his latest hard-hitting expose, IN DEBT WE TRUST.

While many Americans are “maxing out” on credit cards, there is a much deeper story: power is shifting into fewer hands…with frightening consequences. IN DEBT WE TRUST reveals a hitherto unknown cabal of credit card companies, lobbyists, media conglomerates and the Bush administration itself, which has colluded to deregulate the lending industry, ensuring that a culture of credit dependency can flourish. In the film, Schechter exposes the mechanisms and machinations behind the hidden financial and political complex that allows even the lowest wage earners to indebt themselves so heavily that house repossessions have become commonplace. One expert in the film goes so far as to dub this “21st-century serfdom.”

Inspired by scholar Robert Manning – one of the films’ key advisers’ – and his seminal book “Credit Card Nation”, IN DEBT WE TRUST showcases his insights about the impact of debt on young people and our society. It also suggests the kinds of practical efforts needed to empower the public with information to avoid the traps of debt dependency.

The whole world depends on the economic stability of the United States. Yet, as its national and consumer debt escalates, our interconnected global economy is at incredible risk. IN DEBT WE TRUST, as timely and relevant as a film can be, delivers an urgent warning that can’t be ignored.

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5 thoughts on “In Debt We Trust

  1. this movie should come with a warning: “may raise anxiety levels, blood pressure, and heart rate”
    ….damn you credit cards!

  2. this movie really just points out how stupid some people are and how they don’t watch themselves although there were a few people in there like the one couple that has medical bills but how some of these people go out and just spend untill they can’t spend anymore and then go bankrupt

  3. It’s scary how many people are in debt. In the in class discussion we were talking about how young people are when they file for bankruptcy. I remember when that title was considered taboo.

  4. the increasing debt of our country and its citizens reflects how debt has essentially been accepted as a norm, something that everyone has and will always have. people don’t realize, however, that there will be serious actions for our country and our monetary system if everyone continues to acquire debt.

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