Over the last year 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 15.2 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 dollar derivatives bubble that the banks are sitting on (see the Financial Crisis News Magazine).

Wednesday October 29, 2014
News Articles
The article below is real, but I find it very disappointing. Yet again mega corporations obliterate the facts.

Co-Founder of The Weather Channel: Global Warming Is a Complete Hoax
mediaite.com | Josh Feldman | 10/27/14

John Coleman, meteorologist and co-founder of The Weather Channel, told Megyn Kelly tonight that he doesn't believe global warming is real and laughed out loud at anyone who buys into what Al Gore is selling.

Coleman recently wrote an open letter arguing, "There is no significant man-made global warming at this time, there has been none in the past and there is no reason to fear any in the future." He told Kelly it's tough to get a media platform these days when you're a climate skeptic "ever since Al Gore made it a plank of the Democratic Party." ... Read more
TYT | Weather Channel Founder On Climate Change (10/28/14) [9:42]

The Weather Channel Companies, owners of television's Weather Channel and weather.com, would buy one of its rivals, Weather Underground. (07/03/12) (NYTimes)
Evelyn de Rothschild and Lynn Forester de Rothschild said they are buying a majority (70%) stake in weather-data service Weather Central L.P., marking a significant expansion of the Rothschilds' investments into media and information. (01/31/11) (WSJ)
The Weather Channel was purchased more than two years ago in a $3.5 billion deal led by NBC Universal and private-equity firms Blackstone Group and Bain Capital.

What Happens If You Have No Welfare and No Job?
Atlantic | Olga Khazan | older, 06/13/14

A few weeks ago I wrote about how the welfare reform of the 1990s led to many poor mothers being kicked off welfare rolls. While some poor adults could still receive help from food stamps and disability insurance, the "Personal Responsibility and Work Opportunity Reconciliation Act" dramatically cut how much cash aid they could collect. The hope was that they would find work, but many didn't.

Meanwhile, spending on Temporary Assistance for Needy Families, or TANF, the only cash assistance program that non-disabled, non-elderly, poor single mothers are eligible for, has dropped precipitously: It was lower in 2007 than it had been in 1970.

... The Urban Institute recently released a fascinating new qualitative study that aims to answer that very question. Relying on 90-minute interviews with 29 unmarried women in Los Angeles and 22 in southeast Michigan, the nonprofit examined the lives of these so-called "disconnected" women--meaning they get neither income from work nor TANF money. (About one in eight low-income single mothers was disconnected in 1996, when welfare reform was first implemented, but about one in five was disconnected in 2008.) ... Read more

China "Ghost Town Index" - Here Are China's 10 "Ghastliest" Cities
ZeroHedge | author | 10/28/14

Who can forget China's ghost city of Ordos: back in late 2009, when the hollow shell behind China's torrid growth was first revealed to the world, the city near China's Mongolia border was cooler talk for weeks. Fast forward five years later, and Ordos is all but forgotten, having been eclipsed by a veritable army of much bigger "ghosts" that make up the "ghost town network" - a list of cities created by the China Investment Network, a business newspaper in Beijing, to determine which cities were the most ghostly. ... Read more
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Democracy Now! U.S. and World News Headlines for Wednesday, October 29 [12:57]
DN | Will Mike Brown's Killer Avoid Charges in Ferguson? Cops Stockpile Riot Gear Amid "Troubling" Leaks (10/29/14) [13:49]
*DN | Is Filming a Police Officer a "Domestic Threat"? Austin Activist on Trial for Videotaping an Arrest (10/29/14) [9:45]
*TRNN | Welfare's Stigma in White Working-Class America (10/29/14) [10:38]
Click to zoom - for bigger image
*TRNN | Public health expert Allyson Pollock explains how poverty, sanitation and infrastructure contribute to ebola's death toll in West Africa (10/29/14) [10:55]
*TRNN | Journalist Max Blumenthal discusses the situation in Jerusalem and the reconstruction plans for Gaza (10/29/14) [12:33]
TYT | Weather Channel Founder On Climate Change (10/28/14) [9:42]
TYT | Global Warming Is Our Eugenics Says Hot Air Expert (10/28/14) [8:41]
TYT | Scott Walker Hides His Equal Pay Record Behind This Lying Smile (10/28/14) [8:26]
China's Ghost Cities
China's Unbelievable Ghost City on the Coast! (06/19/14) [6:48]
Nanhui, formally known as Lingang New City and Luchao Harbor City, is a massive new city that's being built 60 km from central Shanghai. Right now, the place is in the "ghost city" phase of development, but is rapidly moving towards being inhabited. It is slated to be fully functioning by 2020.
Fun Facts
The ordered lines of Jerome, Idaho (population: 10,000) start to disintegrate as you approach those parts of town that teeter on the edge of the Snake river canyon. Here the homes are "unregulated and unzoned", says photographer Michael Light.
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Tuesday October 01, 2014
News Articles

New Study: Global Warming Has Doubled The Risk Of Extreme Winters In Europe
ThinkProgress | Jeff Spross | 10/27/14

Global warming has doubled the chances that any given winter in Europe or northern Asia will be unusually severe, according to new research.

Specifically, temperatures have risen at the poles much faster than around the rest of the planet, leading to the collapse of Arctic sea ice coverage and altering weather patterns in the northern hemisphere. The research was recently published in Nature Geoscience, and relied on a the combined output of 100 different simulations -- "the most comprehensive computer modeling study to date," as The Guardian put it. ... Read more

Inside the New York Fed: Secret Recordings and a Culture Clash
ProPublica | Jake Bernstein | 09/26/14

After interviews with dozens of New York Fed employees, Beim learned something that surprised even him. The most daunting obstacle the New York Fed faced in overseeing the nation's biggest financial institutions was its own culture. The New York Fed had become too risk-averse and deferential to the banks it supervised. Its examiners feared contradicting bosses, who too often forced their findings into an institutional consensus that watered down much of what they did. ... Read more

NPR | The Secret Recordings of the FED and Goldman Sach by Carmen Segarra (09/26/14) [62:24]
NPR This American Life
Ira introduces Carmen Segarra, a bank examiner for the Federal Reserve in New York who, in 2012, started secretly recording as she and her colleagues went about regulating one of the most powerful financial institutions in the country. This was during a time when the New York Fed was trying to become a stronger regulator, so that it wouldn't fail to miss another financial crisis like it did with the meltdown in 2008. As part of that effort to reform, the Fed had commissioned a highly confidential report, written by Columbia professor David Beim, that identified why the regulator failed in the years leading up to the crisis. Beim laid out specific recommendations for how the Fed could fix its problems. Carmen's recordings allow us to see if the Fed successfully heeded those recommendations more than two years later. What we hear is not reassuring.

Secret Recordings Inside The Federal Reserve Prompt Elizabeth Warren To Call For Investigation
ThinkProgress.org | Alan Pyke | 09/28/14

Sens. Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) want to investigate the Federal Reserve's relationships with the banks it oversees after the release of taped conversations between managers and a former bank examiner at the Fed.

... Segarra says she began making the tapes after her own colleagues tried on multiple occasions to cajole her into changing her notes from meetings with Goldman Sachs executives because they didn't want an official record of some of the executives' comments about the bank's willingness to bend the rules. ...

... The tapes document the former examiner's experience pushing for a tougher approach to Goldman Sachs and being rebuffed by members of the team who had been there much longer. The audio recordings, published last week by This American Life and Pro Publica, appear to indicate that the Federal Reserve Bank of New York continues to have too cozy a relationship with the private bankers it is supposed to supervise despite an internal 2009 report that documented serious problems with how the Fed ran its oversight division in the run-up to the financial crisis. ... Read more

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Democracy Now! U.S. and World News Headlines for Tuesday, October 28 [7:45]
DN | Attack on Canadian Parliament Fuels "Anti-Terror" Laws, Ignoring Ties to Mental Illness, Drug Abuse (10/28/14) [20:56]
*DN | As Indonesia's New President Takes Office, Cabinet Includes Officials Tied to Atrocities of Old (10/28/14) [15:11]
*DN | Monsanto, BigAg Spend Millions Fighting Colorado, Oregon Ballot Measures to Label GMO Foods (10/28/14) [10:28]
TRNN | Hedges & Wolin: Can Capitalism and Democracy Coexist?, Part 4 (10/28/14) [26:47]
*TRNN | Larry Wilkerson: Nuclear Agreement with Iran May Become Midterm Election Fodder in Congress (10/28/14) [10:42]
TRNN | Michael Fox of teleSUR: A Narrow Victory for President Dilma Rousseff in Brazil (10/28/14) [8:16]
Jon StewarT
Jon Stewart | "Forgetting to Be Afraid" author and gubernatorial candidate Wendy Davis expresses hope that Texas is gradually becoming more liberal. (10/27/14) [4:47], Part 2 [5:46]
Jon Stewart | Democalypse 2014 - South by South Mess: Malady on 34th Street (10/16/14) [8:28]
Ring of Fire
Ring of Fire | Ring of Fire full episode(10/27/14) [57:00]
  1. 00:49 - "The Unending Greed of Hank Greenberg." Howard Nations will discuss former AIG CEO Hank Greenberg's suit against the government for helping his company avoid bankruptcy. #NeverendingGreed
  2. 12:34 - "The Hidden Dangers of Fracking." Attorney Tom Crosley will explain the link between fracking in the Eagle Ford Shale and the massive uptick in traffic accidents in the area. #FrackingDangers
  3. 22:14 - "Contractor Fraud A Growing Epidemic." Michael Burg will tell us how construction defects and contractor fraud are becoming the "new normal" in the construction industry. #ConstructionFraud
  4. 31:43 - "What We Learned From The Fed Tapes." Attorney Peter Mougey will explain the significance of the recently released "Fed Tapes." #FedTapes
  5. 41:28 - "Rand Paul's GOP Makeover." Adele Stan, senior digital editor of The American Prospect in Washington, D.C., will explain how Rand Paul is hoping to makeover the GOP in his own image -- and why we should all be very afraid. #RandPaul
  6. 51:20 - "Republicans Are Outsourcing America." David Haynes will discuss the dangers of privatization and outsourcing, and how they've brought in new avenues of fraud for corporations. #OutsourcingAmerica

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

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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.