I don't think it's particularly helpful to show images which are LITERALLY associated with the words. Your viewers probably don't need obvious illustrations of everyday objects just because the speaker mentions the word.
they dont even teach you financial survival in college. its something you are either taught by your parents or must learn the hard way, after its too late.
Congress caved-in to the bankers lobby in the mid 80`s with the credit cards usurious interest rates and fees.
People were taking home equity loans to pay-off huge credit cards debt. With that source of credit gone we can predict a significant increase in credit card default rate.
If you want freedom, then you have to take responsibility. Everyone knows these things...systemic changes, blaming, finger pointing, "debt experts" on and on and on...The truth is as long as consumers act stupid there will always be someone taking them to the cleaners. Stop acting like this is some new damn revelation. Freedom starts with personal responsibility and these videos pointing out how stupid everyone is/was solves nothing.
That's what Scurlock believed going into his research: the problem is stupid, irresponsible consumers. But he was wrong. Recommend you read the book and learn what he learned.
I have to agree at least in part with mosullivan.While I would certainly coin most of the credit today as 'Predatory Lending' in its most egregious sense, the predators still have to have prey who are naive enough to fall for credit traps.
Educate yourself, advocate for consumer rights, take on the predators -- complaining in venues without claws does nothing to stop the cycle of 'slavery' (as it's become).
DVD Available for a dollar that contains this clip and dozen more entitled ECONOMIC COLLAPSE.
Help wake the neighbors.
Ron
OneDollarDVDProject com
onedollardvd 2 years ago
I don't think it's particularly helpful to show images which are LITERALLY associated with the words. Your viewers probably don't need obvious illustrations of everyday objects just because the speaker mentions the word.
Plectognath 3 years ago
they dont even teach you financial survival in college. its something you are either taught by your parents or must learn the hard way, after its too late.
flamingpinhead 3 years ago
Congress caved-in to the bankers lobby in the mid 80`s with the credit cards usurious interest rates and fees.
People were taking home equity loans to pay-off huge credit cards debt. With that source of credit gone we can predict a significant increase in credit card default rate.
aggiornati 4 years ago
Maxed Out should be a required movie and book for all high school students. James Scurlock for King!
FCRALawyerNYC 4 years ago 6
Thats not a bad idea.
Unfortunatly no one learns anything in high school, that what collage is for.
raveinabedroom 4 years ago
If you want freedom, then you have to take responsibility. Everyone knows these things...systemic changes, blaming, finger pointing, "debt experts" on and on and on...The truth is as long as consumers act stupid there will always be someone taking them to the cleaners. Stop acting like this is some new damn revelation. Freedom starts with personal responsibility and these videos pointing out how stupid everyone is/was solves nothing.
mosullivan511 4 years ago
That's what Scurlock believed going into his research: the problem is stupid, irresponsible consumers. But he was wrong. Recommend you read the book and learn what he learned.
itulipdotcom 4 years ago
I have to agree at least in part with mosullivan.While I would certainly coin most of the credit today as 'Predatory Lending' in its most egregious sense, the predators still have to have prey who are naive enough to fall for credit traps.
Educate yourself, advocate for consumer rights, take on the predators -- complaining in venues without claws does nothing to stop the cycle of 'slavery' (as it's become).
cmatrix4761 4 years ago
... In school we should tought Carl Marx and Friedrich Engels ideas .... combined with USA capitalism .....
aviomaster 4 years ago
Thanks for your note. How about Household Finance 101?
itulipdotcom 4 years ago
This common sense financial logic should be taught in school in order to compensate for parents that are not informed or just don't care.
k9md 4 years ago
great stuff! Maxed Out's a great book.
Thanks Janszen.
gwildar 4 years ago