Friday Flix: In Debt We Trust

I don't know about you, but my ongoing goal is to be debt free. This week's documentary is all about debt in America. I always wondered, why do we HAVE to have a credit card to rent a car or a hotel room? Who is behind this practice? Wasn't cash always good enough before credit cards became popular?

Back in the 90s I bought an audio book, loaned it out and have not seen it since, but it was a former slave narrations book. One of the male former slaves said he was debt free, didn't owe 'nobody' and always paid cash. If he did not have the cash, he did not buy it. This film's runtime: 89 minutes

Excellent film! Watch it over several days if you must. Some of the main points: stay away from credit cards, payday loans, and live within your means. Credit card companies and banks have a lot of power and influence over the government.

"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. "---www.indebtwetrust.org

Reference:
www.indebtwetrust.org