While more and more Americans "max out" credit cards, power shifts to fewer and fewer hands

In America’s earliest days, there were barn-raising parties in which neighbors helped each other build up their farms. Today, in some churches, there are debt liquidation revivals in which parishioners chip in to free each other from growing credit card debts that are driving American families to bankruptcy and desperation. ‘In Debt We Trust’ is the latest film from Danny Schechter, “The News Dissector,” director of the internationally distributed and award-winning WMD (Weapons of Mass Deception), an expose of the media’s role in the Iraq War. The Emmy-winning former ABC News and CNN producer’s new hard-hitting documentary investigates why so many Americans are being strangled by debt. It is a journalistic confrontation with what former Reagan advisor Kevin Phillips calls “Financialization"--the “powerful emergence of a debt-and-credit industrial complex.” While many Americans may be “maxing out” on credit cards, there is a deeper story: power is shifting into fewer hands. And with frightening consequences.

In Debt We Trust

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What's This?

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In Debt We Trust

Release Year: 2006

Duration: 98 min

Availability: Worldwide

Related: Life & Culture, Politics

In America’s earliest days, there were barn-raising parties in which neighbors helped each other build up their farms. Today, in some churches, there are debt liquidation revivals in which parishioners chip in to free each other from growing credit card debts that are driving American families to bankruptcy and desperation. ‘In Debt We Trust’ is the latest film from Danny Schechter, “The News Dissector,” director of the internationally distributed and award-winning WMD (Weapons of Mass Deception), an expose of the media’s role in the Iraq War. The Emmy-winning former ABC News and CNN producer’s new hard-hitting documentary investigates why so many Americans are being strangled by debt. It is a journalistic confrontation with what former Reagan advisor Kevin Phillips calls “Financialization"--the “powerful emergence of a debt-and-credit industrial complex.” While many Americans may be “maxing out” on credit cards, there is a deeper story: power is shifting into fewer hands. And with frightening consequences.

Director

Danny Schechter

Writer

Danny Schechter

Producers

Steven Green - executive producer

Rory O'Connor - executive producer

Danny Schechter - producer

Cinematography

Gary Griffin

Editors

Anders Bramsen

Linda Hattendorf

Dr. Robert D. Manning - editorial advisor

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Comments

Posted 06/26/09 by http://www.debtcaretaker.com

Yes you can get rid of debt faster if you follow the debt or credit card debt guideline. Most of the people fail because they give up in between from debt settlement or debt management plan. Find out the reliable debt settlements companies and eliminate your debt quickly to gain back or financial freedom and live a debt free life.

Posted 04/03/09 by emmamilson

First of all, you should never tell your PINs (Personal Identification Number) or passwords to other people. As much as possible, memorize these and don�??t write them down. Also, get rid of receipts or documents that contain your personal and private information.

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emmamilson
Credit Card Debt> =

Posted 02/02/09 by silvia

Great documentary! I learned so much. Its true and unavoidable to be out of debt completely in todays economy! Prices go up, and the hourly rate is still the same it was 15 yaers ago!!The rate of pay must go up or prices must come down! Thanks, Yours Truly Silvia.

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