UUD40
Member
+8|6795|San Diego, CA
Watched this on Showtime last night. It sure was an eye-opener to me. Though much of it wasn't too surprising to me, it's still a good movie.

http://video.google.com/videoplay?docid … 4369494646

Edit: 1.5 hour film, not for anyone with a short attention span.

Synopsis:
When Hurricane Katrina ravaged America's Gulf Coast, it laid bare an uncomfortable reality-America is not only far from the world's wealthiest nation; it is crumbling beneath a staggering burden of individual and government debt. Maxed Out takes us on a journey deep inside the American debt-style, where everything seems okay as long as the minimum monthly payment arrives on time. Sure, most of us may have that sinking feeling that something isn't quite right, but we're told not to worry. After all, there's always more credit! Maxed Out shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer and the rich getting richer. By turns hilarious and profoundly disturbing, Maxed Out paints a picture of a national nightmare which is all too real for most of us.  Written by James Scurlock

Last edited by UUD40 (2008-05-25 14:47:33)

Catbox
forgiveness
+505|7139
edit: i just read the review... he makes some good points... my mistake to criticize the flick....

Last edited by [TUF]Catbox (2008-05-25 15:22:16)

Love is the answer
Turquoise
O Canada
+1,596|6828|North Carolina
Excellent movie...  I figured out the one way you can win against credit agencies....  Always make minimum payments and don't marry.  When you die with a ton of debt, it won't pass to anyone, and they never get their money back.

Last edited by Turquoise (2008-05-25 21:53:24)

UUD40
Member
+8|6795|San Diego, CA
Morgan Spurlock - Supersize me.
James Scurlock - Maxed out.

;p
S.Lythberg
Mastermind
+429|6870|Chicago, IL
thats why i don't have a credit card, only a debit card.

the concept of paying for money seems idiotic beyond all belief.
Reciprocity
Member
+721|7004|the dank(super) side of Oregon
Spend, spend, spend on that new, absurdly expensive home, on that shiny new car, on shit you don't need.  It's the center of our culture.

And the minute you can't pay, you're a fucking failure. 

And you can't just blame credit companies, they're doing what they're legally allowed, legally encouraged to do.  We live in a capialist state, making money is the mark of sucess, generally only human life taking any precedent, but that's flexible as well.  Dignity, honor, honesty, fairness, self-preservation, safety, all are on the chopping block in the name of legal, sometimes taxable profit.

My optimistic side says this will all come crashing down some day.  Our government will likely fall along with it.  So be it.

My pessimistic side says there is so much money being made, and the system is so big, and despite being so dysfunctional and so self-consuming, it will press on, at least during my lifetime.
topthrill05
Member
+125|7001|Rochester NY USA
Only time will tell.

There isn't any history to look at, not like we ever learn from it anyway. But common sense says it will come crashing down and it already has in many areas.

Last edited by topthrill05 (2008-05-25 18:27:30)

CloakedStarship
Member
+76|6988
This is an extremely interesting documentary.  It shed a lot of light on the credit industry and our country's debt situation that I otherwise would probably have remained ignorant to.
ZombieVampire!
The Gecko
+69|6250

S.Lythberg wrote:

thats why i don't have a credit card, only a debit card.

the concept of paying for money seems idiotic beyond all belief.
There are advantages in terms of convenience/offsetting payment (e.g. can't afford to pay for car until next month, but need it to get to work), but certainly most people use them to live beyond their means.

I just borrow dads, which means I have to pay him back immediately, which means I have to have the money to spend it.

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