This news story was broadcast on March 15, 2007. I highly recommend that you go and view the movie in it's entirety. It will give you a perspective on how many people have their fingers in the "consumer lending" pie, how they (Congress, lending institutions, etc.) view their marketing and business practices, and how that affects you - the consumer. You can go to www.maxedoutmovie.com, and watch it online from amazon.com or order the dvd (also check your local video rental store).
I find it interesting that this movie/book/news story was released in 2007, well before the economic distress that our country is currently in. There were warning signs well before the fall of '08. We got into this mess because borrowing money was an easier and faster way to do get what we wanted (whether personal or business), rather than building equity and raising capital the traditional way. I don't understand how the government thinks that borrowing money is going to fix this problem, when borrowing money is why we are in this position to begin with.
The good news is that we are not hopeless! The Lord is still on his throne and in control. We, as consumers (whether personal or business) have a choice to make. Are we going to continue to do "business" the way we have for the past 40 years, or are we going to draw a line in the sand and say "No More!"? We don't have to continue to go into debt to fund our lifestyles (whether personal or business lifestyles). It will be a hard transition to make, but once you get through the hard part, there is peace on the other side. God instructs His people to not go into debt. Read through Proverbs if you need proof. I don't know about you, but I want to handle money God's way (personal and business).
I have drawn a line in the sand. Will you join me?
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