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I.O.U.S.A - The Movie that Speaks to our Declining Market
There is no denying that our country has always faced financial problems based on our mentatility of borrowing versus saving…of consuming versus producing…of “printing money” when needed! This issue has been compounded with the downturn of our real estate market and depreciating home values. Our homes are the single largest asset (or should I say liability now) of many Americans. With a decrease in this asset, spending is minimized and families cannot rely on their homes as an ATM machine anymore. This issue is hitting home, not only as a country but individually. A movie called I.O.U.S.A is being released this month that outlines not only our current financial conditions but the history that has led to where we are today from a debt perspective. Below is the trailer: