RESISTANCE CINEMA Presents: “IN DEBT WE TRUST: America Before The Bubble Bursts”
A Globalvision Film/Danny Schecter Dissection, (2007, 98 minutes) Written, Produced, & Directed by Danny Schecter
WHEN: Sunday April 20th, 2008, 1:15pm
WHERE: Community Church of NYC, Gallery Room 28 east 35th st. @ Park ave.
ADMISISION: Free; donations appreciated
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.....with frightening consequences.
IN DEBT WE TRUST shows how the mall replaced the factory as America's dominant economic engine and how big banks and credit card companies buy our Congress and drive us into what a former major bank economist calls modern serfdom. Americans and our government owe trillions in consumer debt and the national debt, a large amount of it to big banks and billions to Communist China.
EXPERTS AGREE: A top government official compares the US today to Rome before its fall and warns that the bubble could burst. A former prosecutor says that many of these loans are worst than mafia loan-sharking practices. An ex-credit card executive explains how advertising campaigns are deliberately deceptive and misleading.