List Price: $19.95You Pay Only: $14.99 You Save: $4.96 (25%)Prices subject to change.
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Aspect Ratio: 1.78:1
Audience Rating: NR (Not Rated)
Binding: DVD
EAN: 0826262003593
Format: Color, DVD-Video, NTSC
Label: Disinformation
Manufacturer: Disinformation
Number Of Items: 1
Publisher: Disinformation
Release Date: April 24, 2007
Running Time: 98 minutes
Sales Rank: 17225
Studio: Disinformation
Theatrical Release Date: 2006
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Editorial Review:
Description:
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.
Customer Reviews
Average Rating: 
Rating:  - awesome docu and the music is great!
This docu is as informative as it is depressing but needs to be watched by EVERYONE. You should buy this just for the "indie" debt songs sprinkled throught. I love it! Now off to spend w/ my credit card :)
Rating: - A Must for Young Adults!
This is clearly a great flick that lets the viewer 'see' how the banks view you the credit consumer. It really goes into accurate detail on how the finance industry is trying to snare consumers from and young age and create a generation of debt slaves. They also have a chilling prediction on where all this 'debt' is heading. I highly recommend this flick.
Rating:  - In Debt We Trust
Very enlighteniing on the development of the debt problems we all face especially how we have gotten there with many ideas as to how to decrease our debts and change our purchasing patterns.All families and individuals should view this, an eye opener.
Rating: - Great DVD
This should be shown in all high schools and all colleges. Parents should have to show this to their children (and some should watch themselves.
Rating: - A problem for all of us...
About 2/3 through this film, the director, Danny Schecter, talks about the predatory and devestating effects of the "subprime" lending formula. As that has become an issue of late, you might see the film as a prophecy, and a sign the the bubble is, indeed, bursting.
I feel compelled to point out that a few 1-star reviewers saw this DVD as an indictment of Bush. Those people either didn't see it or had such a pro-Bush bias that they didn't hear Schecter and those he interviewed repeatedly saying that it pervades both parties!
And another important reflection: the standard line when credit issues come up is something those of us allegedly on "the left" ignore, i.e., individual responsibility. Did you really have to buy that flat screen TV? I won't deny that, but nor will I deny that the very basis of our whole economic culture is CONSUMPTION. That stuff is shoved down our throats all the time. Indeed, if people would refrain from that sort of consumption, the US economy would fall apart in a week. So there are two sides to that as well. In fact, there is a portion of the film which describes stores in the "low income neighborhoods of color" in NYC which have "rent to own" shops where people will end up paying $750 for a television they could get for $195 at a mall. What's more, it doesn't do us much good to ignore individual responsibility, but why not acknowledge the responsibility of those pressing and making the loans--off of which they're making obscene profits--too! Or ... Read More
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