CMN: James Martinez on the Burden of Debt Video
James Martinez on the Burden of Debt
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CMN: James Martinez on the Burden of Debt (November 2008)

Season 4, Episode 43
Available worldwide
55:54
4

So many people have lived beyond their means on the assumption that they will always be richer in the future. Since the recent credit crunch and sub-prime mortgage debacle, many people now find that they are perilously close to, or already in, a financial meltdown.

The collapse of the credit markets have left millions of people frozen in their tracks, unable to pay their loans and credit card bills on one hand, and not able to obtain any new credit on the other. How did we become so ensnared in this debacle? How can we find our way out when everything seems to be collapsing around us? James Martinez has an online radio show titled, Cash Flow, and he guides his listeners through the process of getting out from under debt. He says this process is not for the faint of heart.

Regina Meredith
English

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margot76, posted on August 30, 2014

At first I was confused because the interview came over as incoherent, and then decided to check the date on the interview - no one knew what he knew at that time :-)

My bank has always lied to me in discussions on my mortgage by referring to the lenders as: the people who are lending you the money. There are no people, there is no money.

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