We Trust Before The Bubble Burst Summary

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In Debt We Trust Before the Bubble Bursts starts off in Mt. Carmel Baptist Church in Norfolk, Virginia with Bishop Vernie Russell Junior. The narrator explains that the church selects individuals with steep debt levels and how parishioners help collect money to help liquidate that member’s debt. Once the debt is paid off, the church member then destroys their credit cards. Bishop Bernie Russell Junior explains that the church debt liquidation takes their members and pays off all of their debts, except for their house and car loans. He also points out that our society has established a level of success that the more credit cards a person has, the more they are worth, when really that’s not true. Bishop Bernie Russell Junior also states “Our society has been really set up to keep us struggling and not give us relief. I believe there is going to be an economic fallout. And I’m telling my church, what goes up, has to come down.” …show more content…
Afterwards, the narrator says “In fact, the United States and its people are kept alive by the money we borrow. It’s called the democratization of credit. But for many, it leads to the democratization of dependency. Just look at all of the ads on TV telling us to take out more
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