Every now and then a film comes along which should be viewed by every single American. Such a film is the recently released In Debt We Trust- America Before the Bubble Bursts. This is a video by highly acclaimed documentary director, Danny Schechter. Among his more than 20 other recognized films is the award-winning expose Weapons of Mass Destruction.
His newest release, In Debt We Trust is inspired by the works of an individual who is no stranger to this site - Dr. Robert Manning, a Research Professor of Consumer Financial Services at Rochester Institute of Technology and the author of Credit Card Nation (Basic Books, 2000). The film gives great insight into the impact debt is having on young people and our society, and offers ways to empower the public with information on avoiding the traps of debt and dependency.
A frequently invited expert at U.S. Congressional hearings, Dr. Manning's consumer credit research has influenced public policy debate on consumer debt issues. He has become one of the most outspoken critics of the nation's consumer spending habits and lending practices.
According to Dr. Manning, the documentary helps expose several disturbing patterns, such as banking deregulation:
I caught with director Danny Schechter. Danny's comments were as hard-hitting as his film:
As a fellow consumer action reporter and counselor, I strongly encourage every reader to look for this film in one of its 4 versions: 30 minute television production, DVD version, full length theater version, or international version. Regardless of which version you watch, be prepared for a strong call to action.
In the words of the director:
I can only hope that the documentary garners mainstream media attention as it is a much-needed wake-up call. We simply can't continue on the same course for very long.
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Mike Killian has been writing about credit and debt management issues that are of importance to consumers for over 8 years. His articles have been referenced by various members of the media, including MSNBC and The Motley Fool. Mike has also offered debt elimination seminars to businesses and community colleges for many years.
Mike offers free consumer advice on the CardRatings.com Credit Forum as well as on his own site, FreeMoneyTraining.com. While at his site, you can view additional articles as well as his schedule of upcoming seminars.
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