In Debt We Trust

Snag Films approached me some time ago about hosting some of their content — I demurred, only because none of it seemed appropriate for TBP crowd of investors, traders, and economy watchers and what we all might be interested in.

They wrote me this week, suggesting a few fims that they had added to their playlist that might be of interest to an investing/economic/market related crowd. This documentary  — In Debt We Trust — seemed dead on to our interests. (There is a short pre-roll commericial before the film)

I only saw the first 10 minutes, but it looked interesting (share your thoughts about the film, format, whatecver in comments).   

Here’s the description:

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.

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