Over the past several years I have discovered a lot of great documentaries on the Internet. The frustrating part was trying to find them again for friends. Thus I started Video Journal(s) where I'm trying to weave the videos/documentaries into comprehensive stories. This Video Journal is about corruption, crony capitalism and corporate/Wall Street GREED.

I don't think people understand what Wall Street's GREED has gotten us into. Sure we all know about the 700 billion dollar TARP bail-out, and the 18 trillion dollars national debt.  But, I don't think people are aware of all the trillions of dollars the FED (Federal Reserve) has loaned to the Wall Street Banks, which doesn't trickle down to main street, or the 700 trillion-to-1.2 quadrillion dollar derivatives bubble that the World's banks are sitting on (see the Financial Crisis News Magazine).

Friday January 23, 2015
News Articles

New Saudi King Salman Names Heirs And Promises Stability
AP & HP | Abdullah Al-Shihri | 01/23/15

King Salman bin Abdul-Aziz Al Saud's actions came as the Sunni-ruled kingdom mourned King Abdullah, who died early Friday at the age of 90 after nearly two decades in power.

A royal decree affirmed Crown Prince Muqrin as his immediate successor. After Muqrin, Salman named Interior Minister Prince Mohammed bin Nayef as deputy crown prince, making him second-in-line to the throne. Mohammed is the first grandson of Saudi Arabia's founder, King Abdul-Aziz Al Saud, to be named as a future heir. ... Read more

[Hillary] Clinton plans to astound, intimidate with fundraising 'like nothing you've seen'
TheHill | Amie Parnes | 01/21/15

Major donors are ready to announce huge financial commitments to Hillary Clinton as soon as she announces a second run for the White House, according to Clinton allies and Democratic fundraisers.

The Clinton team wants to build excitement about her campaign launch, which is expected in March or April. The money blitz would be a show of Clinton's strength meant to scare away potential primary rivals.

"The floodgates are going to open immediately, and there's going to be a rush to get on the team," said Don Peebles, the real estate mogul who served on President Obama's national finance committee. "There's nobody in the Democratic Party who can match her. Not even close." ... Read more

Read All of FP's Davos 2015 Coverage
foreignpolicy.com | author | 01/23/15

Davos Wants You to Know It Really, Really Cares About Inequality

  1. Almost half of the world's wealth is now owned by just one percent of the population.
  2. The wealth of the one percent richest people in the world amounts to $110 trillion. That's 65 times the total wealth of the bottom half of the world's population.
  3. The bottom half of the world's population owns the same as the richest 85 people in the world.
  4. Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
  5. The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
  6. In the U.S., the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.
Read more
Davos: Home of the $43 hotdog (01/23/15) [1:47]

30 Hours After Unleashing ECB QE, Coeure Suggests QE2
ZeroHedge | author | 01/23/15

With US equities down 0.5% this morning and European inflation expectations having given back all their ECB QE gains, it was only a matter of time before some half-witted central-planner felt the need to speak... ... Read more

Jeb Bush's Reverse Midas Touch
thinkprogress.org/ | Josh Israel | older

Eight years ago, Bush -- best known by the acronym "Jeb" -- departed from Florida's governor's mansion determined to boost his $1,288,000 net worth in the private sector. Since, he has made millions in corporate board fees, speaking gigs, and consulting payments -- but, much like his tenure before getting into public life, has done so with a series of companies that have found their way into legal or financial quagmires.

Jeb Bush has often been portrayed as a "successful businessman," but ThinkProgress reviewed Bush's current and past business record and found a great deal of controversy and struggle. ... Read more

Saudi Arabia foreign policy: 'Enacted not by Abdullah, but by oligarch consensus'
RT | Eric Draitser | 01/23/15

Wahhabi extremism is a direct outcome of the foreign policy that the oligarch consensus in Saudi Arabia has pursued for decades, thus there won't be any substantive policy changes, geopolitical analyst Eric Draitser, told RT.

There are a number of things we should consider. I think the most obvious is the five hundred pound gorilla in the room, the exporting of Wahhabi extremism, the continued export from Saudi Arabia of precisely the kind of extremism that has been fought in Syria that has been fought in Iraq and all throughout the region. This specter, this global threat of Wahhabi extremism emanating from Saudi Arabia a direct outgrowth of the foreign policy that Saudi Arabia has pursued going on for decades. And it's certainly not all at the feet of one individual, but rather I think it could be described more specifically as an oligarchy, a familiar oligarchy, but an oligarchy nonetheless. And I think that is probably the principle reason why the report there is correct in saying that there won't be substantive policy changes because those policies were not simply enacted by Abdullah; those are enacted by an oligarch consensus in Saudi Arabia. ... Read more

Democracy Now! U.S. and World News Headlines for Friday, January 23 [6:15]
*DN | Remembering Saudi's King Abdullah: "He Was Not a Benevolent Dictator, He Was a Dictator" (01/23/15) [10:28]
*DN | Hailed as U.S. Counterterrorism Model in Middle East, Yemen Teeters on the Brink of Collapse (01/23/15) [10:27]
DN | In Victory for Gov't Whistleblowers, Supreme Court Sides with Fired TSA Air Marshal Who Spoke Out (01/23/15) [13:15]
DN | Barrett Brown Sentenced to 5 Years in Prison After Reporting on Hacked Private Intelligence Firms (01/23/15) [8:58]
Jon Stewart
*Jon Stewart | " Jon Stewart took on the "Monsters of Money" -- the business and financial leaders who flew to the World Economic Forum in Davos, Switzerland, in a fleet of 1,700 private jets to discuss topics such as climate change. (01/23/15) [8:14]
*TRNN | Madawi al-Rasheed: US wants to contain and manipulate Arab uprisings while the Saudis want to crush them, Part 1 (01/23/15) [16:31]
Prof. Robert Pollin of Political Economy Research Institute (PERI) and Prof. Chris Williams of Pace University say: How Obama Can Reduce Carbon Emissions Without Congress (01/23/15) [16:37]
TYT | Bill O'Reilly Clueless On Minimum Wage Issue (01/22/15) [10:08]
*TYT | 98 Senators Finally Admit Climate Change Is Not A "Hoax" (01/22/15) [7:07]
TYT | Joni Ernst's Family Received Hundreds Of Thousands In Government Aid (01/22/15) [5:11]
TYT | Cenk Uygur Reacts To Obama's 2015 State of the Union Address (01/22/15) [4:27]
RT | CrossTalk: Greece Electoral Farce? (01/23/15) [24:33]
Ring of Fire | Papantonio: Another Corrupt Bush Seeking White House? (12/16/14) [10:19]
Ring of Fire | GOP In Trouble In 2016 (01/22/15) [15:45]
Ring of Fire | Jeb Bush: The Worst Republican Traits In One Package (12/16/14) [3:08]
Thom Hartmann - www.thomhartmann.com/
Jon Stewart (again)
Jon Stewart | Actress Jennifer Aniston discusses what motivated her to depart from her well-known comedic roles for a more serious turn in "Cake." (01/23/15) [7:12]

Thursday January 22, 2015
News Articles

Draghi Is Pushing Boundaries of Euro Region with QE Program
Bloomberg | Jana Randow | 01/22/15

Mario Draghi is about to bring Europe's integration project across the Rubicon.

At about 2:30 p.m. in Frankfurt, the European Central Bank president will probably commit to a quantitative-easing program that may exceed 1 trillion euros ($1.2 trillion). While the move comes much later than that of the Federal Reserve, which ended its own QE three months ago, the ECB's arrival at this point still marks a critical juncture in the history of the currency and the European unity it embodies. ... Read more

As European Central Bank Is Set to Unleash a Massive Round of Quantitative Easing, Central Bank Heads Admit QE Doesn't Work
ZeroHedge | author | 01/21/15

The former head of the Bank of England -- Mervyn King -- said yesterday that more QE will not help the economy: "We have had the biggest monetary stimulus that the world must have ever seen, and we still have not solved the problem of weak demand. The idea that monetary stimulus after six years … is the answer doesn't seem (right) to me." William White -- the brilliant economist who called the 2008 crisis well ahead of time, who is head of the OECD's Review Committee and was former chief economist for BIS (the central banks' central bank) slammed QE: "QE is not going to help at all. Europe has far greater reliance than the US on small and medium-sized companies (SMEs) and they get their money from banks, not from the bond market." Read more

'American Sniper' Is Almost Too Dumb to Criticize
RollingStone | Matt Taibbi | 01/21/15

I saw American Sniper last night, and hated it slightly less than I expected to. Like most Clint Eastwood movies -- and I like Clint Eastwood movies for the most part -- it's a simple, well-lit little fairy tale with the nutritional value of a fortune cookie that serves up a neatly-arranged helping of cheers and tears for target audiences, and panics at the thought of embracing more than one or two ideas at any time.

I usually like Matt Taibbi's articles so I was surprise that this reviews tone didn't match other reviews that I've read. I haven't seen the movie, and probably won't ontil it reaches Netfilix, so I can't comment. But if nothing else I hope the movie makes people see the senselessness of preemptive war.
Read more

The Beginning of the End of the $100 TRILLION Bond Bubble
ZeroHedge | author | 01/19/15

The big story in the world is the bond bubble. For over 30 years, sovereign nations, particularly in the West have been buying votes by offering social payments in the form of welfare, Medicare, social security, and the like. Read more

Mitt Romney Has a Koch Problem
MotherJones | Andy Kroll | 01/22/15

This weekend, a select group of Republican presidential hopefuls will arrive in southern California to attend one of Charles and David Koch's biannual donor retreats, a coveted invite for GOP politicians seeking the backing of the billionaire brothers and their elite club of conservative and libertarian mega-donors. Featured guests at the conclave will include Sens. Marco Rubio (R-Fla.), Rand Paul (R-Ky.), and Ted Cruz (R-Texas) and Wisconsin Gov. Scott Walker. Former Florida Gov. Jeb Bush was also invited to the confab but is unlikely to attend. ... Notably absent from the guest list for the Koch winter seminar: Mitt Romney. ... Read more

We're Destroying the Planet in Ways That Are Even Worse Than Global Warming
MotherJones | Oliver Milman | 01/16/15

Two major new studies by an international team of researchers have pinpointed the key factors that ensure a livable planet for humans, with stark results.

Of nine worldwide processes that underpin life on Earth, four have exceeded "safe" levels: human-driven climate change, loss of biosphere integrity, land system change, and the high level of phosphorus and nitrogen flowing into the oceans due to fertilizer use. ...

... Since 1950, urban populations have increased sevenfold, primary energy use has soared by a factor of five, while the amount of fertilizer used is now eight times higher. The amount of nitrogen entering the oceans has quadrupled. All of these changes are shifting Earth into a "new state" that is becoming less hospitable to human life, researchers said. ... Read more
Click picture to zoom in

Democracy Now! U.S. and World News Headlines for Thursday, January 22 [7:23] TRNN | Prof. Robert Pollin of Political Economy Research Institute (PERI) & Prof. Chris Williams of Pace University: Climate Change Crisis Buried in the State of the Union (01/22/15) [12:16]
TRNN | Author and activist David Bacon says: Does Obama's Support of TPP Contradict His Immigration Policy? (01/22/15) [5:53]
TRNN | Kevin Alexander Gray joins Paul Jay to discuss the President's lack of interest in the desperate conditions faced by most (01/22/15) [11:32]
TYT | What Obama Should've Said In The SOTU Address (01/21/15) [9:30]
TYT | GOP Reacts To Obama's 2015 State of the Union Address (01/21/15) [8:41]
TYT | Fox Reacts To Obama's Free Community College Plan (01/21/15) [7:27]
TYT | Obama Jabs Republicans In 2015 State of the Union Address (01/21/15) [5:05]
RT | CrossTalk: Kiev Offensive (01/21/15) [24:13]
RT | Undeground: (E164) Going Underground: Inequality at Davos 2015, Peace One Day, & Trident protests (01/21/15) [28:06]
Thom Hartmann - www.thomhartmann.com/
Thom Hartmann | Joni Ernst's (GOP Rebuttle to SOTU) Bread Bag Politics (01/21/15) [4:32]
Jon Stewart
Jon Stewart | President Obama delivers his 2015 State of the Union address to a lackluster crowd dominated by a new Republican-controlled Congress. (01/21/15) [7:53]
Jon Stewart | "God, Guns, Grits, and Gravy" author Mike Huckabee compares Ted Nugent and Beyonce Knowles and their relative impacts on American culture. (01/19/15) [7:16]
Ben & Jerry
Ben&Jerry | Global Warming. Climate Change. Climate Justice. What does it all mean? (09/21/14) [2:04]
Ben & Jerry's website

Ben&Jerry | Get Money Out of Politics () [2:14]
StampStampede.org website

National Debt
US Debt Stacked in $100 bills
United States owes a lot of money, with its debt equal to the size of the economy as of 2012. See the Statue of Liberty & WTC being dwarfed by the debt.


Now... Who Own the Derivative Time Bomb?

Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?
Zero Hedge | Author | 09/24/11

The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. Read more


02.10.2011. 07:16

Get Our Newsletter
* Email Address:
* Pref Format:
* Type code:

Email marketing

I'm looking for sponsors to financially help with this site.  If you might be interested please send me a message using the Contact form.


I am one of those "once" middle class, over 60, over educated, under-employed, semi retired, soon to be poor workers, that everyone is talking about. 
But I have a modest standard of living so I plan to give all extra donation, beyond my immediate needs, to several of my favorite charities.