Award winning journalist Danny Schechter investigates America's mounting debt crisis in his latest hard-hitting expose - In Debt We Trust: America Before The Bubble Bursts. The film reveals a hitherto unknown cabal of credit card companies lobbyists media conglomerates plus the George W Bush administration itself who have colluded to deregulate the lending industry ensuring that a culture of credit dependency can flourish. Consumer debt has doubled in the last 10 years and for the first time America has a negative savings ratio. The average citizen lives beyond their... means struggles to make minimum monthly payments and is unable to manage their debts. Schechter exposes the mechanisms behind the hidden financial and political complex that results in house repossession from small debt. One expert in the film dubs this: 21st Century serfdom. The whole world depends on the economic stability of the United States. Yet as its national and consumer debt escalates it puts the global economy at risk. Already credit crises are erupting in many countries. This timely film delivers an urgent warning that can't be ignored. [show more]
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