In Debt We Trust: How Did We Get Into This Mess?

http://www.MEDIAED.org

This hard-hitting documentary investigates why so many Americans - college and high school students in particular - are being strangled by debt. Zeroing in on how the mall has replaced the factory as America's dominant economic engine, Emmy Award-winning former ABC News and CNN producer Danny Schechter shows how college students are being forces to pay higher interest on loans while graduating, on average, with more than $20,000 in consumer debt. The film empowers as it enrages, delivering an accessible and fascinating introduction to what former Reagan advisor Kevin Phillips has called "the debt-and-credit industrial complex."

A Globalvision Production
A Danny Schecter Dissection

Category:

News & Politics

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[spanishaustralian]

RON PAUL is the only one adressing this. its the federal reserve thats causing the switch from production to consumption. it needs to be abolished or else we are head for the massive colaps. worse than any other depression in the past.

[mykalwhite1]

I have a solution: vote for the only candidate who mentions the Bretton Woods system. Ron Paul said "Before the breakdown of the Bretton Woods system, CEO income was about 30 times the average worker's pay. Today, it's closer to 500 times. It's hard to explain this simply by market forces and increases in productivity. One Wall Street firm last year gave out bonuses totaling $16.5 billion. There's little evidence that this represents free market capitalism." VOTE RON PAUL

[playboysinistro]

Fight consumption by purchasing this DVD, credit cards accepted

[jebenn23]

If America doesnt stop fighting wars we have no business fighting, bring health care costs down, and reform social security we're screwed.

[abmmwl]

The American dream is too expensive. When the paycheck comes after taxes and 401k, it sounds like a lot of money. Then the expenses like mortgage, car payment, utilities, insurance, food/drink for family, clothing, etc. eat up the paycheck and not much is left.

[oHelmslyo]

Dammit, I accidentally clicked the one star rating! I didn't mean that!!!!!

[dhansen888]

This is video is a perfect example of where fiscal conservatives and raving liberals can find common ground. We are in agreement that we have created an economy that requires constant consumption in order to fuel it (thus requiring cheap labor and easy credit).

As a fiscal conservative I could not agree more with the basic premise - of course, I take a look at MEF's board (with people like Dyson on it) and realize that MEF's proposed solutions to this problem would probably be horrific.

[orbray09]

The entire of America is all FAKE! What a miserable life stle!

[RonPaulGeorgeRingo]

Out of control BORROW & spend goes back decades. The current leverage crisis is just the LATEST example - the straw that FINALLY BROKE the camel's back. Don't forget, MANY WARNED about the DANGEROUS LONG TERM consequences back in the 80's, when Reagan took this CREDIT CARD approach to governing, injected it with steroids, & essentially made it PSEUDO conservative dogma, the NATIONAL RELIGION!

Ron Paul was RIGHT - in 1988, & in 2008. His LOST party (& country) ignored him. Shame.

[aerochick42]

then explain to me how 70% of our nation's debt was incurred under three REPUBLICAN presidents (reagan, bush sr., and bush jr.). in the past 8 years we've gone from a 5 trillion dollar surplus to a 5 trillion dollar deficit.

republican fiscal conservatism is a myth