“Maxed Out” Movie and Book
This DVD is really cool and very disturbing. If you saw the documentary “Supersize Me” about the guy who ate McDonalds’ food three meals a day for a month, you will like this documentary along similar lines, except the subject is money and debt.
At least the guy eating the McDonald’s food knew what he was getting himself into before he started the experiment. The American public has no idea what they’re getting themselves into when they sign up for that credit card or interest-only mortgage or HELOC. Banks are in business to charge you fees and interest to make their profits. The big banks couldn’t care less about you or your financial situation. They just want to sell you more credit because that’s how they make money. They don’t care if you can’t pay it back.
The book and movie go together. I watched the DVD first and read the book second. Then I recommend watching the DVD again.
The book is based on the movie. I highly recommend it. It’s the narration for the movie and increases your understanding of what you saw considerably.
Together, they will open your eyes about the depth of the debt and predatory lending problems consumers face today. Credit and debt are a pernicious problem in our economy and we, the consumers, need to be aware of it and we need to take action to stop our hard-earned income from going into the profits of the large banking and financial corporations.
Every interest payment you make is profit to a lender. Every late fee you pay is profit for the bank or credit card company. Every overdraft charge you pay is hugely profitable to your bank. Every ATM fee you pay is pure profit to the banks involved, the bank of the machine you use and your own bank.
Let’s stop putting money into credit and banking companies instead of in our own savings!
