The possibility exists you could sustain a loss of some or all of your initial investment and therefore you should not invest money you cannot afford to lose. It helps illustrate why a two month shutdown has crippled so many people. This week, the Treasury Department announced they would be issuing a record $3 Trillion this quarter. This Semester Course Bundle is yours. File Format. This was during a "strong" economy and one of the best year's in decades for the stock market. ENTER CITY, STATE OR ZIP CODE GO. Sue Weisler Inspired by the book, Credit Card Nation, by Professor Robert D. Manning of Rochester Institute of Technology, In Debt We Trust makes its nationwide premiere in Rochester at 7 p.m. on Friday, March 30 at the Little Theatre—followed by a question and answer “Rough Cut” reception in the Little Café. For freebies, teaching tips, and more, check out my blog and sign up for my weekly newsletter! Two weeks ago I shared a snapshot of the US Debt Clock. Before we go, I'd also encourgage you to check in on the blog each Monday. Why are so many Americans are being strangled by debt? Credit card expert Robert Manning and RIT students featured in Danny Schecter film We will likely see additional stimulus measures attempting to stop the damage over the short-term. We may be sounding the alarm, but we are answering it with the organization of the ‘Fair and responsible lending’ campaign at www.stopthesqueeze.org. In_Debt_We_Trust_Video_Questions - Mr Franks Page Number Economics and Financial Literacy Name In Debt We Trust Video 1 What is the debt revival and how. ��ut@������ (��b @d@4[� Here is the current view. In Debt We Trust Student Viewing Guide Credit Cards & Lending- Distance Learning By Mrs P's Interactive Classroom I love digging deep and teaching my students about the dangerous world of credit cards, consumer debt, and borrowing money. IN DEBT WE TRUST is the latest film from Danny Schechter, “The News Dissector,” director of 20 acclaimed documentaries and the internationally distributed and award-winning film “WMD (Weapons of Mass Deception),” an exposé of the media’s role in the Iraq War. For additional information on the author and SEM Wealth Management, please see our DISCLOSURE DOCUMENT (ADV Part 2). 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. Going into the shutdown, consumers were struggling to pay their credit cards and auto loans. 0000004248 00000 n While many Americans are "maxing out" on credit cards, there is a much deeper story: power is shifting into fewer hands...with frightening consequences. Think about that. In the last exercise, we asked some hypothetical money questions to tease out your values and what money means to you. Your choices right now can and will impact future generations of your family tree. Danny Schechter's In Debt We Trust: America before the Bubble Burst documentary is a perfect vehicle for introducing this complex topic. “The film provides important insights into the marketing strategies of the credit card industry, role of the U.S. Congress in permitting deceptive and exploitive lending practices, as well as the subsequent impact of soaring consumer debt on young people and the future of our society,” explains Manning, editorial advisor for the film. Earlier this year, Manning enhanced his visibility when he was called to Washington to testify before Sen. Dodd’s (D-CT) Senate Banking Committee on credit card industry practices and consumer impact. In the past 50 years, it has run only 4 annual surpluses. Debt Worksheet Example. The Total Liability per Citizen is up $9300. If I had to sum up my teaching style and the way my units are structured, I would ref. IN DEBT WE TRUST, as timely and relevant as a film can be, delivers an urgent warning that can't be ignored. Debt is not free money! This data was as of the end of March, so included only a short period of the economic shutdown. Reported resources will be reviewed by our team. 200703/manning.jpgPhoto by A. The film is roughly 90 minutes, but I like to pause and discuss as the film progresses. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. If interest rates go up, this makes it even more difficult to generate enough revenue to cover current needs. The problem is all the solutions are terrible over the short-term, which means you cannot rely on buy & hold strategies that worked well in the past when we didn't have this much debt. For the Chart of the Week this week I want to address the overall health of our country.
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