and c.s.a. of god the benefit of. here's how it started with us household sinking ever deeper into debt encouraged by the government and the banks to take out mortgages even those who did not have the means to do so. until the day the bubble burst this has been a historic sunday aster to this hour the lehman brothers investment bank appears heading toward bankruptcy in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with it the banks who become embroiled in these subprime loans. on september fifteenth two thousand and eight the death of

lehman brothers the fourth largest u.s. investment bank not the beginning of a huge financial and economic crisis that would spread worldwide going on the likes of it had not been seen since the great depression of the thirty's a wave of corporate bankruptcy is followed with considerable loss of jobs. to people blame the bankers like here in iceland for eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink of bankruptcy. with the crisis of public debt skyrocketed as did household overindebtedness a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years the guy me and my husband split up and i actually kicks my husband out and miss out a big impact on my two. so i think at the time then i had

a lot of making up to do to them and at the time i thought that the way i needed to make up to them was financially so i would just throw money at them and christmases i would go ridiculous spend ridiculous amounts of money like thousands of pounds on stuff they didn't need and were glad they'd probably play with once they go in the wardrobe so i straight away if i was stuck ten i did i took out a loan but then one loan was not enough so i had to pay that loan back then i took another loan to pay the loan back and hold to start game bigger and the star game bigger and it was spiralling out of control. like many other british people sharon fell into the trap of easy credit with online catalogues where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go

online and go yeah it was my name my address my details yeah thank you very much money's in your account so i made them made it too easy for me to get into that. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do or didn't really very well the koori order we cure him. of roughly going to bed or no wouldn't work. because our god got so. to get built up so much that scared me so much. i didn't know what to do. i'd lost complete national company were. going to answer the door because you were somebody looking for money. or were down to the phony. it was one of the clubs that

are still from pride that i compiled and that that money you know the bankers were helped by the government the banks got into trouble and all the big bankers got big . think on their government the banks but i started think of the ordinary the ordinary men and women that. lost money so as a bank and so because the bank the banks have been helped but by the government. the infrastructure for the proof of the contrary to all but disappeared and you know there were a lot of coach. i'll just find to make my underwear to me because it's changed yeah all the figures in front of me all right. thank. you but yes if you want to speak to us that's fine let me let me just get everything up

here for you sharon regained hope thanks to the advisors at step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem that is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months that's eight point eight million people in the u.k. that face would have. become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you could help to get back on your feet because the cost to why does the society of people being in debt are here

huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give you certain general impulse buy so patrick with the enforcement. they do need to me peaceful and healthy into sound because what they'll do them to do is to control did. so i know you know that it. takes to keep the door shut try it back again and so. at the time i felt like it was just may and i would else was financially following and it was only me. that was suffering. sorry. i thought i was the only one that was actually having to do with living like this and living with the fear of losing my head a milly's not upset being homeless with my children have my children taken away from aches i couldn't look after them properly.

by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasburg. he has resolved to go and see the creases association whose initials ironic stand for. regional chamber for social overindebted this has become a mainstay of social assistance for those who find themselves in a financial data twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews early.

if you want to. let go thank you they don't want to walk into the fever. they want on their of the. innocence or want to move through it with. no. less interest royally that existence and looking out for the. most very. resourceful these. critical so misrule so far. zoom gets. to be more. than one point home.

and rules. as to who. the voluntary advisors are often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of

cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. last. day the don't. kick me tape us. bustle. and low. on the whole court to. see the. key.

plus in the. day i don't know. sich a good day for. the. city for. cobol. to say. but also i said the unique mall book said it that the city sick of any dish if you. put all in their yoko. said t.p. some point or. cost. us a new right now larry i don't want

a small one i feel called hot babe from new york city i can see he says he she did. fall pretty slippery you know local. pub was about the old if you contin fell made buddies you expect get up a good necessary. call sat was a cigar of made all that. supper to feel so why did mason i would call names all said you got to go to name that sick i'm still a bit up to she. supplies about me that won't let up simple mickey all they. say we could if i didn't your case you. give so crowd. i have to sift if i want to yes i prefer to school no

chimp in use. said i'm out of town a feeling no. credit to you little itty there's going to have been increasing yeah and yes a bit of school at the. pool but i had turned that little bit of the one. here a place anybody. can. see here. in iceland where the two thousand and eight crisis really hit hard fanny whose house was repossessed is now desperately looking for a new home. her debts had reached such a level that the government measures to reduce household indebtedness were insufficient to help her she's been taken in by her sister.

was selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battle. to stop spreading tell you that every gossip in public but most important news today. off the bad guys who tell you on the cool enough to buy their product. all the hawks that we are. watching. they're bred for a single purpose. they have

a superman. they start training very young. eight months of intensive school. rats. and they save lives. here's what people have been saying about reject. the only show i go out of my way to. really pack them. is the john oliver of marty americans do the same. apparently better than. i see people you've never heard of love redacted tonight president of the world bank take. me seriously send us an email. like many of

the inhabitants of this little volcanic island in the north of europe fannie thunder self over indebted despite having made no mistakes because here most mortgages are consumer price index due to the crisis and the fifty percent devaluation of the icelandic currency inflation soared as a result mortgage repayments suddenly doubled and many icelanders found themselves drowning in debt. along. there we're going to get most who say that. there should have been no after school. or. anything from to london. with a woman it was on the market. a lack of leisure get a good job. but amid

a day me. neal when i mean i'm a sex person or with a whole just assessment alone. tim. there is no hell tell me that it will go nothing here that had better focus on my teaching but when he spoke live up to you wanna hear the whole total balk at the back. in two hundred millions to just or sex me the whole lot. we. toss eisemann a police escort so. i took you. through the whole. million us do you. think. you come off the millionaires but

the old. s. america many. acted like. nothing. after. a millionaire. as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks such as. and. whose debt collection agency very eager to stay in touch with their clients. trying to. get them in this unit conversely if you don't mean that you should forget the. last thing

you. want but. i think you get a certain point you. don't want the action against people. before. excuse. me. yet. you know what you do because you'll was that it is a little that that animal to seek it well vocally double. the usual. daily phone need to keep this one date the kids it was it made them an all star nominee member we me it was it i was ina do the damage they did was they make of it was invert they'll see whatever you says well it's good to be like let me suspect says it bessie come said exclaimed not really to trust one critter on the publisher wanted to don't want

a lot of prattle to papa and when you are in fact to your. general type of school you should hold it for the other consumers from sean that also in the movie you'll hear it will you do you want to know each. other in such a clinical. not due to trust him not to want to traditional when your doors are not clearly through syria through the move don't concern me or didn't you or your washington trust want to. be involved some to film. little kingdom or the international action for a given that if the whole looks if it looks like the old all she did was a simple something i need to. people still don't. use. it all say to keep the nine hundred delegates she could see two to know that he's trying to create the successor mosul and it will. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of their banks who had made huge profits selling toxic subprime loans to pull the knew

that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail. one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were all saying you know what is dead anyway what is money why do we have the systems why is find it so important is this even capitalism to even want capitalism all

open you know all questions seem to be open because everything we just turned out to be wrong socially for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imagine it would lead to anything else is beyond. what would it be. in spain widespread evictions by the banks of over indebted families gave birth to

a vast civic resistance movement in two thousand and nine and barcelona outraged militants set up the ph platform for victims which currently comprises two hundred fifty neighborhood associations across the country. and. the laws. he said to me professionals they eat. in those. means that i think is emotionally he said. yes if you want to get cynthia.

but i guess i mean. if we imagine that that's too much maybe mrs miller is a patient honest i say you must that is with as much on me an e-mail you know they feel mass. and this made. us know in. your understand them and that the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid the ruling conservative people's party plucked the reform but in barcelona on july twenty ninth two thousand and fifteen it was unanimously ratified by the catalan

powers i thank you for your bassist las. but i guess i mean yes is. a lot. but i was there any particular like you live. in this house here. when they. look anything. like us. you out there is. so local so even that. i mean. make. me.

there's interest of either as a lot of them as in the whole bit of the interest of other. companies the soul and their warm. and those muses and those people are starting to see more bit of what not bush that he was doing by that i mean. is completely peaceful is to pull in those and when daniel woodrell. in the last the last army as. a second rebuttal consistent with i mean there were those little. as the end of the time they said the thing went down you know there's needles you're in no way on us in battle and they pay sawdust into. the capitol so i mean this is and i mean there was is less don't see that though in that is. that this is

a way to get out bush will. in any of our side how you are going to alleviate the. situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income double that of the u.k. pulled out of france or germany over the past twenty years the danes have gotten massively indebted encouraged by governments made access to credit very easy. going and buying off there is no marshall and. islamic states claims it was behind

the month just a terror attack by the north front so kill the priest every time a terrorist attack happens all these people are out there screaming isis so bad someone needs to do something against them and for me it was like yeah why don't we can something. that. gives. the oath of office. that if. you challenge the. check if these channels soften up you sound has got a good. look. if he shows up. he would decide to alienate live on them. from all. all of these political.

and strategic decisions that we save that is that we we were trying to become like this was a living in a way where we don't want in los those the windows closed. and c.s.a. of god but if it were from. politicians to do something good. they put themselves on the line to get accepted or rejected. so when you want to be president. or somehow want to. have to go right to be for us this is what will befall us three in the morning can't be good. i'm interested always in the waters and how. this should. prescribe medication is widespread on the

u.s. market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit some sight was all who was made on to prison so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was was terminally altered what i did was done on a cocktail of legal drugs. just because something's legal doesn't mean it's a. yang's

launched another missile this time from. an exercise destroying a mock up of the north korean military. and. government control as the operation deliberate. continues we take a closer look at the importance of this region to the ongoing battle. calling for russia to be. south korea.