here's how it started with u.s. households 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 asked at this hour the lehman brothers investment bank of the year is 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. 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 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. i actually kicks my husband out and miss out a big impact on my children so i think at the time than that 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 that was financially. so i would just throw money out them and christmases i would go ridiculous find ridiculous amounts of money like thousands of pounds on stuff they didn't need and work like they'd probably play with once then go in the water. so i struck was ten i did it 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 to hold to start game bigger and the debt start a game bigger and it was spiraling out of control. like many other british people sharon fell into the trap of easy credit with online catalogs 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 debt. 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 did three very well because of the worry over them a week you're in charge of. always actually going to bed or no wouldn't. grow your drug or throw. to get a bill to apply more that's going to throw more. i didn't know what. i'd lost complete rational competent or worse. going to want to do or go one hundred looking for more. or down to a phony. one of the club who don't flow from pride that i know that my.

inner. the bankers were helped by the government the banks got into trouble and all the big bankers guppy. and i think on the government the banks but i started think of the fortunately the ordinary men and women that. lost money so as a bank and so because the bank to banks have been out but i'll type of the government. the infrastructure for the proof of the contrary all but disappeared you know there were a lot of coach. i'll just find to make my underwear to me because it's changed yeah i'll go on if it is in front of me all right. thank. you.

yes he wants to speak to us that's fine let me let me 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 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. bad things can happen you know you 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 there are

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 panic with the inforce city. they do need to meet peaceful entry into the sea 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 tight in fact 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 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 having 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 a stand for. regional chamber for social overindebted this is become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff who would like step change still engage in face to face interviews relique.

if you want to. let go thank you they do although i won't walk into the food. they want on their of the. innocence i wanted to move through it was a joke. no. less interest royally that since i'm looking. through almost everything. all the things. that go. critical so much from so far. zoom it's. going to be more. than one called home.

for me with the families. it's interesting the. city just. what it was and. as a 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. movie the. day the don't worry i started to. kick the tape ask. due to bustle. and low or no whole day to share a leaky boat or just to. see he did he.

was. an a plus in the chaos. typically australia will today and then they'll know. she'll. pull out monks. good. cobol. to say. the unique mob accepted that the sea sick i mean you. all in. the city please some point. or false. assume you don't call my mother

lazy i don't know small i feel quite hot babe you can. see. the date on. your local. pub was a few contin filmy buddies you. did not. remember. a call sat was a cigar of made. up a title so why do you hate me. said. got to go to knowing that sick i'm still a bit up issue. suppose somebody that won't let up simple nuki all this it figured if i didn't your case you fuckin. kind. of. gives up it's a crowd. of searched if i want to marry yes i prefer to school no chimp and

use. said i'm out of turn a feeling. your credit to your little itty so there's a good look at the hurtling. full throttle not lovin to go on. through here or place anything. you 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.

a bachelor sudden passing i've only just learnt you worry yourself in taking your last bang turn. your act up to you as we all knew it would i tell you i'm sorry for me i could so i write these last words and helps to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feeling started to change you talked about more like it was again still some are fond of him. those that didn't like to question our arc and i secretly promised to never be like it said one does not leave a funeral the same as one enters the mind gets consumed with this one different estate because there are no other takers. to claim that mainstream media has met

its make. a scene years ago i traveled across the united states exploring america's deadly love affair with the. bad guy trying to get to one of my family members he would have better a lot better knife. and hurting whatever my my baby's says my book was published in the year two thousand more than half a million americans have been killed by firearms in the us i had a thought. yes this is a middle school we go through drills and we put ourselves in real scenarios it was interest same to see who actually got hit. and i decided to return to the subject to track down each gun owner who i'd met and photographed those years ago i don't know this but we are not.

like many of the inhabitants of this little volcanic island in the north of europe fanny found herself overindebted despite having made no mistakes because here most mortgages are consumer price index. 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. we're doing it then i labeled it a monkey. all. along the way malema. from there we're going to get close to sit on the most of it even after school. or how

a book. from to london. with a woman it was a mock up but not a bad thing get hyped up along with it like las vegas to a good job. but if they don't we. the women most expert know or we're talking to assessment alone is. fame. the whole. nothing here. but. when spread liberty you wanna. look at the bar come up. in the millions for the. all male who had taken a lonely even twenty two torsos been a police escort similar. outlook you go. to the book at the bar thrown to him to hold the roof and with a book at the bar throw millionaires do you think and i don't this hello.

thank you and. you come off the millionaire but there's a zero zero zero s. malcolm in your midst you've been on for. some solid many are allowed to act like them but i can't nothing. after so i have to end after several million if. stunt. 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 so franco and by credit. whose debt collection agency very eager to stay in

touch with their clients you see it is trying to keep them in congress and that means you should bear the. cost you. well but the basic stuff it i think you have certain of what you're going to shock you. don't want to act against a vulture. excuse . me. do you david this you'll. need to let that them all to seek you will. they be flown. on they take it is it was it made them a new. me it was it was. a was

a week of it was invert they'll say you know where you. like let me spend. explained not. to trust what on credit. wanted to do. so you. want also. to know i. do trust. clearly through syria. don't concern me. we build some to film. a move on and off for good if the whole looks evil to look at the until she did was a simple something they need to. keep if you nine hundred delegates she to see to it she too to know that he's trying to

create the successor and lucille 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 what do we have the systems why is find it so important is this even capitalism to even want capitalism fall open questions seem to be open because everything we do assume 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 it's 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. said to. each. other in those. means that i think is emotionally he said he.

said yes if you. look at us from. the us. but i think i meet and. marry me and if we imagine that that's where mrs miller is a patient honest i say you must that has magill me an e-mail you know they feel mass. and this made. us know in. the your understand their man 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 thank you for the racist las. but i guess i mean yes is. a lot about i was there any particular like you live. in the south yeah. when they. look anything. like you left.

you out there is. so local so even that. i mean. make. me. miss him twenty. there's interest of either as a lot of them as in there's a bit of noise in the stuff other. company is saw and they're warmly malia and those muses and those people are starting kerry's remorse they were not bush that he was doing by the way me higher was completed piece was to pull in those i'm going to emily a little. earlier in the last the last army as. a second but i'm going to think of them with tommy they will they will go in that is the end of. this and the thing went down you know there's needles you're in no way on us in battle and they

play sawdust into. the capitol i mean this is and i'm labeled as is the rest i'm see the little and that is the this is a way to get our personal debt. a in any of our silos how you're not all right maybe now you know if a. 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. triple that of france or germany over the past twenty years the danes have gotten massively indebted encouraged by governments made access to credit very easy.

past their bread for a single purpose. they have a super. they start training very young. eight months of intensive school. their rats. and they save lives. show fame wrong but all all just don't all. the all get to shape out just come out of. engagement because betrayal. when so many find themselves worlds apart. just to look

for common ground. what politicians do you show is going. to put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. we somehow want to be rich. but you'd like to be close with what before three of them all can't be good that. i'm interested always in the waters in the house. there should be a. little but not a lot of muscle in the. islamic states claims it was behind the month just a terror attack by the militant frauds so kill the priest every time a terrorist attack happens all these people are out there screaming to go ice is so bad someone needs to do something against them and for me it was like yeah why

don't we do something and. let's. give it. a longer. look. at the food. you challenge them check if pleasing chinese stuff is made up you sound guy who has got a good clambers good looking to commision to please show me. british

police. being arrested in connection with. the london. terror attack in the u.k. this year. police brutality probe in the u.s. city of st louis activists hurling bricks up police officers. in a show defiance against the government. to voice their.