Cultural Marxism – The Corruption of America (Full Version)

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CULTURAL MARXISM explores the love affair with collectivist ideologies that has lead to ever bigger government and the welfare-warfare state. Find out how the Frankfurt School, a Marxist splinter group, established itself at Columbia University and began “the long march through the institutions.” The idea was, and still is, to infiltrate every corner of Western culture and pervert traditional Christian values with “political correctness” and Marxist ideologies. The ultimate goal is to destroy American free-enterprise capitalism by undermining its economic engine, the Middle Class, and the basic building block of society: the Family Unit.

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Frontline: Secret History of the Credit Card , 4.4 out of 5 based on 7 ratings
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Frontline: Secret History of the Credit Card

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In “Secret History of the Credit Card,” FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt.

“The almost magical convenience of plastic money is critical to our famously compulsive consumer economy,” Bergman says. “With more than 641 million credit cards in circulation and accounting for an estimated $1.5 trillion of consumer spending, the U.S. economy has clearly gone plastic.”

Millions of American families use their personal, general-purpose credit cards such as Visa, Mastercard, American Express and Discover to make ends meet; credit cards have been a discreet lifeline for families in financial straits.

But other consumers, like actor and author Ben Stein, use plastic purely for convenience. While it would appear that Stein — who says he charges a small fortune every month on his credit cards — is the ideal customer, in reality, he is what some in the industry call a “deadbeat.” That’s because he pays his balance in full every month.

The industry’s most profitable customers, the ones being sought by creative marketing tactics, are the “revolvers:” the estimated 115 million Americans who carry monthly credit card debt.
 

Watch The Secret History of the Credit Card on PBS. See more from FRONTLINE.

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Frontline: Secret History of the Credit Card , 4.4 out of 5 based on 7 ratings
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