In Debt We Trust

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Released 2009

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Director:
Danny Schechter
Released:
2009
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Not Available
In Debt We Trust is a 2006 documentary in which celebrated journalist Danny Schechter explores America's credit addiction. In the past few decades, America has shifted from a nation of manufacturing to a nation of consumption. As malls replaced factories as the primary economic engine, the public's desire to buy even what we cannot afford grew by leaps and bounds. Originally conceived as a film about "other people's problems" with mounting debts, Schechter was prepared to approach the credit issue in terms of smaller incidents of personal irresponsibility. Instead, he discovered that the private debt burden was deliberate in the making and affects everyone in the country. In Debt We Trust takes a hard look at credit and debt as an institutional problem. Utilizing a wealth of research, interviews, and footage of American life, the film attacks a range of targets: the deceptive practices of credit card companies, payday loans, and the lobbying of political powers by credit agencies, to name a few. Released well before the recession of 2009, this prescient film identifies many of the issues that would later come to incite public outcry for major reform.moreless

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