Page 19 - Beta Max News Today : Breaking News, Live Updates & Top Stories | Vimarsana

People emerged from the '70s from tough economic times and went, wow, we can now spend. >> i want you to think about this also. >> that's what is going to set your eyes off. >> the economy started growing, and it was largely a consumer-driven growth. but the consumer economy was funded by debt. >> the national bankruptcy rate is soaring. greg and diana, annual income, $32,000. they had over $12,000 in unsecured debts, bought a washer, dryer, and beta max tv recorder, then went bankrupt. >> i knew i didn't have the money. if you've got plastic money, there's nothing holding you back. >> it was ...

>> you know, john, vh-1 stopped doing that in 1999. >> why don't you get your beta tape. >> oh, i love that culture. >> but, you know my dad and i loved him for so many reasons but for this especially. that ten years after vhs had crushed beta max he said this is a machine of the future. former treasury official and economic analyst steve ratner is with us and david ignatius. >> still has a betamax. >> and chairman of the financial integrity network and a security national analyst and juan joins us this morning. good to have you all on board. >> so, we have so much to talk about today. but d...

Every day. they call themselves mall rats. >> i love it. it's only $24. >> consumerism definitely took over in the '80s. people emerged from the '70s from tough economic times and went wow, we can now spend. >> i want you to think about this also. >> that's what is going to set your eyes off. >> the economy started growing, and it was largely a consumer-driven growth. but the consumer economy was funded by debt. >> the national bankruptcy rate is soaring. greg and diana, annual income, $32,000. they had over $12,000 in unsecured debts, bought a washer, dryer, and beta max tv recorder, then wen...

Old, come to the mall almost every day. they call themselves mall rats. >> i love it. it's only $24. >> consumerism definitely took over in the '80s. people emerged from the '70s from tough economic times and went wow, we can now spend. >> i want you to think about this also. >> that's what is going to set your eyes off. >> the economy started growing, and it was largely a consumer-driven growth. but the consumer economy was funded by debt. >> the national bankruptcy rate is soaring. greg and diana, annual income, $32,000. they had over $12,000 in unsecured debts, bought a washer, dryer, and b...

They call themselves mall rats. >> i love it. it's only $24. >> consumerism definitely took over in the '80s. people emerged from the '70s from tough economic times and went wow, we can now spend. >> i want you to think about this also. >> that's what is going to set your eyes off. >> the economy started growing, and it was largely a consumer-driven growth. but the consumer economy was funded by debt. >> the national bankruptcy rate is soaring. greg and diana, annual income, $32,000. they had over $12,000 in unsecured debts, bought a washer, dryer, and beta max tv recorder, then went bankrupt....