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).

Thursday September 03, 2015
News Articles

Perfect Storm Of Worldwide PMI Slippage
ZeroHedge | author | 09/02/15

Given "highly accommodative" policy almost everywhere, and so little gained; it isn't a good sign particularly after eight incessant years of it and the lagged effects from the renewed "dollar" wave still to be withstood. Every year was supposed to be "the year", but 2015 was a surefire lock according to orthodox versions. The real difference, unlike past years, is that everything is going wrong so far just as predicted by the "strong dollar." ... Read more

DEFINITION of 'Purchasing Managers' Index - PMI'
An indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

Saudi Arabia Just Cut Crude Selling Prices To The US, Europe And Asia
ZeroHedge | author | 09/02/15

WTI Crude oil prices are in total panic buying mode this morning as the algos are fully in charge once again. WTI is up 5% this morning in a straight line since US equity markets opened (and USO went vertical). What is most ironic is that Saudi Aramco just slashed prices for crude oil to everyone around the world. ... Read more

Bob Shiller Fears "Substantial Decline" Sees Dow 'Fair Value' Around 11,000
ZeroHedge | author | 09/02/15

"This is a dangerous time," warns Nobel laureate Bob Schiller as he warns of the false signal that typical P/E ratios are misleading and in fact his CAPE ratio (looking through the cycle) implies "fair value" for The Dow should trade around 11,000 and around 1300 for the S&P 500. "There is a risk of a substantial decline," he adds, warning that the recent rebound "maybe someone's good will effort to stabilize the market," and in fact the market's valuation is high now and people are over-exposed. ... Read more

Trials Of Henry Kissinger (trailer) () [3:26]
Trials Of Henry Kissinger (full) () [1:19:40]

Rare Supermoon-Lunar Eclipse Combo Coming This Month
HP | Ed Mazza | 09/03/15

Keep your eyes on the skies during the full moon later this month -- because you could see something that hasn't happened for more than 30 years, and won't happen again for nearly 20 more. It's a supermoon and a lunar eclipse at the same time, and it'll be visible in much of the world on the night of Sept. 27 in North and South America and the morning of Sept. 28 in Europe, Africa and parts of Central Asia. ... Read more
NASA | Supermoon Lunar Eclipse (08/31/15) [1:20]

California Is About to Do Something Great That No State Has Ever Done Before
MotherJones | Tim McDonnell | 09/03/15

Back in January, California Gov. Jerry Brown (D) made a promise. His state, he said, would pursue a new package of climate goals that are the most ambitious in the nation (and among the most ambitious in the world). California was already a leader in efforts to slash greenhouse gas emissions and promote clean energy. Brown pledged to go further. By 2030, he declared, California would double the energy efficiency of state buildings; get half its electricity from renewables; and halve consumption of gasoline by cars and trucks.

... Before we get into the bills themselves, let's talk about California. Believe it or not, the state where America fell in love with cars and highways is now leading the nation, and the world, when it comes to climate action. And that matters, because California, the world's seventh-largest economy, is a world-class emitter of greenhouse gases. It ranks second for state emissions, behind Texas, and if it were its own nation, it would rank 20th globally, right between Italy and Spain. Still, it's remarkably clean for its size: On a per-capita basis, it ranks 45th among US states and 38th when compared with countries around the world. ... Read more
Click picture to zoom in

The Essential Guide To Growing Veggies Indoors. No Garden Needed.
HP | Julie R. Thomson | 09/03/15

Apartment dwellers know the challenges of growing a garden. Without a yard, it's hard to play in the dirt. But that doesn't mean that it's not possible. It just requires a little bit of determination and research -- lots of research. With those two things in hand, one can grow all sorts of things from the tiny nook of a windowsill. And we're not just talking herbs, either. Carrots and potatoes can be grown and harvested from the confines of your apartment, no outdoor space necessary. ... Read more

Democracy Now! U.S. and World News Headlines for Thursday, September 03 [7:50]
*DN | Greg Grandin on "Kissinger's Shadow" (09/02/15) [18:18]
DN | As Syrian Colonel Faces Charges in Maher Arar Torture Case, Will U.S. Ever Apologize? (09/03/15) [19:46]
DN | Protests Grow over Kentucky Clerk's Denial of Same-Sex Marriages (09/03/15) [17:52]
*TRNN | Phyllis Bennis, the author of Understanding the US-Iran Crisis, examines the opposition to the Iran nuclear deal by the Senate Republicans. (09/03/15) [12:11]
*TRNN | Heiner Flassbeck: The Necessity for Higher Wages, Part 4 (older, 10/03/14) [11:34]
Click picture to zoom in
Click picture to zoom in
*TYT | Race to the Bottom (09/02/15) [10:43]
A new poll shows that Donald Trump has gathered around himself an increasing number of the most deluded, least informed voters that America has to offer.

The poll finds that 54 percent of Republicans think Obama is a Muslim, 14 percent think he's a Christian and 32 percent say they are unsure. And Obama's country of birth also remains a question for Republicans. A plurality, 44 percent, say they don't think he was born in the U.S. Only a third believe that he is American-born, and slightly less than another third are unsure where he was born.
TYT | Obama Secures Historic Iran Deal (09/02/15) [8:56]
TYT | Unarmed Man With Hands Up Shot Dead By Police (09/02/15) [7:04]
RT: China V-Day parade sending multiple messages to Asia and West (09/02/15) [8:59]
RT: 1000 tractors in Paris: Irate farmers drive in center of French capital (09/03/15) [2:21]
RT: Historic 500th Soyuz rocket sets off from Baikonur Cosmodrome (09/01/15) [1:40]
The 500th Soyuz rocket has successfully lifted off from the Gagarin's Start launchpad marking a historic milestone for Baikonur Cosmodrome. The spacecraft will deliver three new crew members to the International Space Station.
RoF (E168) Bernie's Right On With Women's Rights (09/02/15) [29:00]
Thom Hartmann - www.thomhartmann.com/
RT ThomHartmann | How We Can Save the Planet From a Dangerous Tipping Point (09/03/15) [5:13]
RT ThomHartmann | Bernie Takes On Big Pharma (09/03/15) [12:35]

Wednesday September 02, 2015
News Articles

"The Biggest Problems We Face Is That We're All Flying Blind To A Large Degree" Warns Deutsche Bank
ZeroHEdge | author | 09/02/15

"One of the biggest problems we face is that there is no historical template for current global market conditions so we're all flying blind to a large degree. Never before have so many of the most important countries in the world printed so much money and left base rates at near zero for so long. Also never before has the largest economy in the world tried to start a slow process of reversing said extraordinary policy. So there is no road map for this journey, only educated (hopefully) predictions." ... And who owns 75 - 100 trillion dollars worth of derivatives. ... Read more

World's Biggest Economies Devise Plan That Spells Doom for Planet Earth
AlterNet | Reynard Loki | 09/02/15

More than 80 of the world's leading scientists, environmentalists, indigenous leaders, farmers, philanthropists and authors have signed a letter to Turkish president Recep Tayyip Erdogan, current president of the G20 group of the world's major economies, saying that they are "deeply concerned" about the G20's focus on mobilizing as much as $60-$70 trillion of investments in large infrastructure projects over the next 15 years.

The plan to overhaul global infrastructure was devised at the last G20 meeting, held in Brisbane in November. While it may have good intentions -- more roads, bridges, dams, power plants, airports, seaports, pipelines, sewers and telecommunications systems to support a rapidly growing human population -- large infrastructure projects can be damaging to the environment, animal habitat and the communities they are meant to serve. From roads slicing up pristine wilderness and highways disrupting critical wildlife corridors to dams flooding rain forests, ruining freshwater biodiversity and forcing people to relocate, many mega-infrastructure projects have ultimately caused more harm than good. ... Read more

As Will Rogers once said during the Great Depression -- "I'm not so much concerned about the return on my money as the return of my money."
Dr. Richard Wolff, Professor of Economics joins Thom to talk about Monday's historic lows in the financial markets. (08/24/15) [57:22]
Dr. Richard Wolff, Professor of Economics Emeritus at the University of Massachusetts Amherst and author of "Democracy at Work: A Cure for Capitalism joins Thom to talk about Monday's historic lows in the financial markets. Richard Wolff breaks down China's economy and if the devaluation of the yuan is the root to this market meltdown. Then Thom and Richard take a look at the U.S. economy and review wage growth, inequality, and pensions.
Playing For Change
*PlayforChange | Stand By Me (11/06/08) [5:27]
*PlayforChange | War/No More Trouble (04/23/09) [5:09]
*PlayforChange | What a Wonderful World (11/20/12) [3:40]
PlayforChange | A Better Place (12/08/12) [4:32]
*Israel Kamakawiwo'ole | Over The Rainbow & What A Wonderful World (1993) [5:05]
PlayforChange | La Bamba (07/16/14) [3:52]
PlayforChange | Imagine (06/06/11) [4:05]
PlayforChange | United (10/23/11) [4:50]
PlayforChange | Love Is All You Need (11/05/13) [3:37]
PlayforChange | Gimme Shelter (05/26/11) [4:03]
PlayforChange | Get Up Stand Up for Your Rights (06/11/14) [4:39]
PlayforChange | Reggae Got Soul (07/10/14) [3:28]
PlayforChange | Clandestino (04/16/14) [3:47]
PlayforChange | Cotton Fields (03/12/15) [3:15]
PlayforChange | Around The World in honor of the Grateful Dead's 50th anniversary (07/05/15) [4:41]
https://playingforchange.com/rippleef... - We are proud to share with you an ALL NEW Song Around The World in honor of the Grateful Dead's 50th anniversary. Our friends at JamBase asked us to turn the Grateful Dead's 1970 classic, "Ripple" into a PFC Song Around the world as part of their "Songs Of Their Own" series (http://www.jambase.com/soto.aspx) and after many miles on planes, trains and automobiles we can finally share it with all of you!!

"Ripple" is in support of the Playing For Change Foundation's music schools and programs for children worldwide and we need your help. Watch the video and then let's turn that inspiration we all share into something bigger. Join the "Ripple Effect" campaign so we can all leave the world better than we found it, one heart and one song at a time. As Jerry Garcia said, "Let there be songs to fill the air..."
PlayforChange | A Better Place (collection of songs) (07/30/13) [2:12:05]
PlayforChange.com website
More News
  1. Markets on edge as policymakers flex muscles (Reuters)
  2. European shares recover from rough ride (Reuters)
  3. For Stock Markets, the Moment When Humans Matter (WSJ)
  4. Puerto Rico's PREPA, bondholders have framework for deal (Reuters)
  5. Hundreds of migrants protest at Budapest station, want to go to Germany (Reuters)
  6. New Whale Seen Moving Tokyo Markets (BBG)

c*TRNN | Col. Larry Wilkerson: Cheney Blasts Iran Deal, Forgets That As VP Iran Got Closer to Getting Nukes (09/01/15) [9:16]
TRNN | Trent University's Baris Karaagac explains: Is Erdogan Creating a Perfect Storm to Get His Party in Power? (09/01/15) [11:53]
TYT | Black Lives Matter Labeled A Terrorist Group By Fox News (09/01/15) [13:15]
TYT | Trump And Jeb Bush Squabble Over Who Loves Hillary More (09/01/15) [11:06]
TYT | Ted Cruz Blames Obama For Police Shooting (09/01/15) [4:31]
*RT | CrossTalk: Exploding Kiev (09/02/15) [24:52]
*RT | Keiser Report: Stop What's That Sound? Falling Markets! (E804) (09/01/15) [24:38]
China's V-Day parade countdown: 12,000 troops, 500 vehicles, 200 aircraft expected (09/02/15) 2:23]
RoF | Bernie Sanders' Populism Is Catching the Political World On Fire (09/01/15) [4:42]
RoF | Will Trump Be Able To Ride The Hate Train For 15 More Months? (08/31/15) [6:15]
RoF | The GOP's True Form Has Finally Been Revealed: A Revolting Frankenstein Monster (09/01/15) [6:48]
Thom Hartmann - www.thomhartmann.com/
RT ThomHartmann | Why China May Cause the Next Crash (09/01/15) [11:00]
RT ThomHartmann | Why Trump's Obsessing On The Chinese "Kicking Our Butts" (09/01/15) [6:12]

More News Menu

National Debt - TILLIONS
*Demonocracyinfo | US Debt in Physical $100 bills [2:10]

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. 
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