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We spend it, borrow it and save it. Now let's talk about money and its many minefields, from credit cards to casinos, scammers to student loans.We spend it, borrow it and save it. Now let's talk about money and its many minefields, from credit cards to casinos, scammers to student loans.We spend it, borrow it and save it. Now let's talk about money and its many minefields, from credit cards to casinos, scammers to student loans.
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I was expecting an explanation of money. How its created, how it affects society, how interest works. You know, explaining money. Instead you get neoliberal garbage.
The title of the documentary sounded promising only to find out later that is heavily documented from am American point of view. So be aware of that.
On face-value, interesting documentary about the system in the USA. As a non-American, I am still stunned that the majority still believes that the American system is the best one (eventhough the Dems won the last elections, the Reps will be back next year).
On face-value, interesting documentary about the system in the USA. As a non-American, I am still stunned that the majority still believes that the American system is the best one (eventhough the Dems won the last elections, the Reps will be back next year).
Not a real analysis - just show one side of the story.
Some parts are interesting - however quite woke. If you're already woke you'll lap it up.
Some parts are interesting - however quite woke. If you're already woke you'll lap it up.
I expected to hear about fractional reserve banking, or no reserve banking, as it works now in the US. I've expected to hear how dollar has lost its backing in gold. I am disappointed. Not really much worth watching here.
I understand that many people did not like this documentary at all, or even felt almost "irritated". Individuals think that if someone fails, it's because he or she is either stupid or deserves it (but not themselves, of course!). After all, this is the quintessence of the American dream, where the individual is at the base of everything, is master of his destiny and has the freedom of choice.... Unfortunately, these people are caught up in an illusion! As a former CEO of a asset management company, with experience in both mortgage-backed securities and student loans, I can attest to this: the situation is exactly as described in the documentary. The problem is that people, on average (according to the law of large numbers!), are not as smart or as clever as they think they are, and by combining mathematical analysis with psychology it is easy (for companies with the know-how and resources) to take advantage of this, as the documentary explains very well. Therefore, it inevitably becomes the job of the state to try to protect them.
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