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).

Wednesday May 06, 2015
News Articles
We no longer have capitalism, Fair Trade, or a Democracy anymore. We have One-Dollar-One-Vote, Free Tade (for some), and an Oligarchy (rule by the few) for a government.

IL Governor Rauner's Pal Made $625,000 Per Hour Last Year and Then Gave $10 Million to Rauner Campaign to Attack Unions and Cut Worker Pay
HP | Robert Creamer | 05/06/15

The New York Times reported yesterday that Illinois Governor Bruce Rauner's chief political backer, Ken Griffin, made $1.3 billion last year as manager of the hedge fund Citadel Capital. Griffin made as much personally as 26,000 average Americans making the median wage. He made as much as 16,000 civil engineers.

Griffin made $625,000 per hour. By the way, he also benefited from the federal tax law that allows hedge fund managers to pay a maximum of 20 percent tax rate on their income. That means that Griffin probably paid a lower income tax rate than his secretary.

Not only did Griffin donate $2.5 million to Rauner's campaign for governor. He also contributed millions to right-wing Super-PACs -- including one controlled by the notorious Charles and David Koch.

And he contributed $10 million -- half of a $20 million campaign war chest -- that Rauner plans to use to run opponents against members of the legislature who dare to oppose his policies that are aimed at destroying unions and cutting worker wages and pensions. Read more

Bernie Sanders To Introduce Bill To Break Up The Big Banks
HP & Reuters | author | 05/05/15

Bernie Sanders, a self-described socialist U.S. senator who has launched a bid for the 2016 Democratic presidential nomination, said on Tuesday he will introduce a bill to break up the biggest banks, a position far to the left of the party's front runner, Hillary Clinton.

Calls for Wall Street's largest firms to be cut down were numerous after taxpayers spent billions of dollars to prevent the financial system from collapse during the 2007-09 financial crisis, but they have since gradually died down. Under the Sanders proposal, regulators on the existing Financial Stability Oversight Council would compile a list of institutions that are 'too big to fail' and implicitly rely on government support during a crisis. ... Read more

California Adopts "Unprecedented" Restrictions On Water Use As Drought Worsens.

On Flash Crash Anniversary Scapegoat Sarao Says "I Did Nothing Wrong Apart From Being Good At My Job"
ZeroHedge | author | 05/06/15

While the rest of the world, or at least 1% of it, is enjoying the ongoing "wealth effect" propping up the increasingly more rickety "markets" built on the backs of $22 trillion in central bank assets, or more than the GDP of the US and Japan combined, earlier today Nav was fighting if not for his life then certainly his freedom when he told a London court he had done nothing wrong, the Flash Crash was not his fault, and was just good at his job. "I've not done anything wrong apart from being good at my job. How is this allowed to go on, man?" Sarao said at Westminster Magistrates' Court. ... Read more

Samples of Israeli Horrific Brutality and War Criminality in Gaza
firstlook.org/theintercept/ | Glenn Greenwald | 05/05/15

The Israeli group Breaking the Silence issued a report this morning containing testimony from Israeli soldiers about the savagery and criminality committed by the Israeli military during the attack on Gaza last summer. The Independent has a good article describing the report's findings: "The Israeli military deliberately pounded civilian areas in the Gaza Strip with incessant fire of inaccurate ordinance" and "was at best indifferent about casualties among the Palestinian population." At best.

This should surprise nobody who paid any attention to the brutal Israeli destruction of Gaza or, for that matter, countless Israeli attacks before that. The U.N. has said that 7 out of 10 people killed by the Israelis were civilians, "including 1,462 civilians, among them 495 children and 253 women"; video of Israelis killing four Gazan boys as they played on a beach sickened anyone decent. ... Read more

Electronic Frontier Foundation | Stop Watching Us () [3:25]
ReasonTV | Edward Snowden, v 1.0: NSA Whistleblower William Binney Tells All (01/10/14) [50:11]
HarvardLawSchool | Lawrence Lessig Interviews Edward Snowden (10/23/14) [1:03:01]
Climate Change | The Sixth Extinction
DN | The Sixth Extinction: Elizabeth Kolbert on How Humans Are Causing Largest Die Off Since Dinosaur Age (02/11/14) [12:45]
The Sixth Extinction () [50:27]
History of Earth and Extinction () [2:08:40]
Democracy Now! U.S. and World News Headlines for Wednesday, May 06 [9:19]
*DN | "Kill Anything": Israeli Soldiers Say Gaza Atrocities Came from Orders for Indiscriminate Fire (05/06/15) [25:30]
DN | After Palestine Overcomes U.S.-Israeli Pressure and Joins ICC, Will Gaza's Victims See Justice? (05/06/15) [13:55]
*'Breaking Silence': IDF soliders speak out on Gaza operation (05/05/15) [11:35]
Alan Grayson on TPP & TTIP
*No to 'Fast Track,' No to Trade Treachery (04/29/15) [9:00], http://www.TradeTreachery.com website
Jon Stewart
Jon Stewart | Jon Stewart Plays 'Let's Get Rid Of Ted Cruz' (05/06/15) [5:31]
*TRNN | John Kiriakou: Why I Was Targeted by the CIA, Part 9 (05/06/15) [26:16]
For interviews 1-8 go here
TRNN | Attorney A. Dwight Pettit and law professor Byron Warnken discuss: Did States Attorney Mosby Overcharge the Six Baltimore Police? (05/06/15) [7:35]
*TYT | America's Number One Issue In 2016 Election Is... (05/05/15) [4:00]
TYT | Megyn Kelly & Bill O'Reilly Duke It Out Over Muhammad Contest (05/05/15) [3:56]
TYT | Huckabee Running For President Despite Powerful Haters (05/05/15) [7:57]
Ring of Fire | Papantonio: Sanders and Warren Are Right - Kill The TPP (05/05/15) [10:06]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Reaganism is Literally Killing Us! (05/05/15) [8:27]
ThomHartmann | DNC Announces 6 Presidential Debates... (05/05/15) [1:25]
Other Videos and Documentaries I Ran Across
Note: I don't endorse any of the videos in this section.
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.

Tuesday May 05, 2015
News Articles

*Why the Trans Pacific 'Trade Deal' Is a Terrible Deal for American Workers
AlterNet | Robert Reich | 05/03/15

Have we learned nothing from thirty years of failed trickle-down economics? By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted.

The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to America as ways to boost the economy and create jobs. They ended up boosting the take-home pay of those at the top. Most Americans saw no gains.

In fact, the long stagnation of American wages began with Reaganomics. Wages rose a bit under Bill Clinton, and then started plummeting again under George W. Bush. Trickle-down economics proved a cruel hoax. The new jobs created under Reagan and George W. Bush paid lousy wages, the old jobs paid even less, and we ended up with whopping federal budget deficits. ... Read more

*US Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative
ZeroHedge | author | 05/05/15

After shrinking notably in Feb, March's US Trade deficit exploded. Against expectations of a $41.7bn deficit, the US generated a $51.4bn deficit - the worst since Oct 2008 and the biggest miss on record. Exports rose just $1.6bn while imports soared $17.1bn with the goods deficit with China soaring from $27.3bn to $37.8bn in March. Ironically, just as the "harsh winter" was found to lead to a GDP boost due to a surge in utility spending, so the West Coast port strike which was blamed for the GDP drop, was actually benefiting the US economy as it lead to a plunge in imports. In March, however, the pipeline was cleared, and US imports from China soared by over $10 billion to $38 billion. End result: prepare for upcoming Q1 GDP downgrades into negative territory. .... Read more

Greek Deal In Limbo After "Serious Disagreement" Between EU, IMF
ZeroHedge | author | 05/05/15

On the heels of Monday's news that the IMF may demand a write-off of Greek debt by European creditors before the organization will disburse its portion of a €7.2 billion aid tranche to Athens, it now appears the situation has deteriorated further with unnamed Greek officials reporting "serious disagreements" between the IMF and the EU which may make a compromise "impossible" by the critical May 12 deadline. ... Read more

The Obscene Amounts of Money the 10 Highest-Paid Hedge Fund Managers Just Made
AlterNet | Michael Arria | 05/05/15

Alpha Magazine has released its "Rich List," the annual rundown of the Unites States' highest-earning hedge fund managers and there's an interesting development. The top earners underwent a 45% drop in earnings during 2014, which prompted the magazine to invoke, "harsh memories of the global financial crisis [that] pervaded Wall Street."

Yes, the top hedge fund managers only pulled down a "paltry" $11.62 billion combined in 2014, around the same amount they were able to bag in 2008 and only a little more than half of what they generated in 2013. Head of Appaloosa Management David Tepper fell from Number 1 to 11th, taking in a "mere" $400 million. "In total, it was a rough year for hedge fund industry honchos," Jeff Cox wrote at CNBC.

Ken GriffinCitadel$1.3 billion
James SimonsRenaissance$1.2 billion
Ray DalioBridgewater$1.1 billion
Bill AckmanPershing Square$950 million
Izzy EnglanderMillenium$900 million
Michael PlattBluecrest$800 million
Larry RobbinsGlenview$570 million
David ShawDE Shaw$530 million
O. Andreas HalvorsenViking Global$450 million
Charles ColemanTiger Global$425 million
Read more

How The NSA Converts Spoken Words Into Searchable Text
firstlook.org/theintercept/ | Dan Froomkin | 05/05/15

Top-secret documents from the archive of former NSA contractor Edward Snowden show the National Security Agency can now automatically recognize the content within phone calls by creating rough transcripts and phonetic representations that can be easily searched and stored.

The documents show NSA analysts celebrating the development of what they called "Google for Voice" nearly a decade ago. Though perfect transcription of natural conversation apparently remains the Intelligence Community's "holy grail," the Snowden documents describe extensive use of keyword searching as well as computer programs designed to analyze and "extract" the content of voice conversations, and even use sophisticated algorithms to flag conversations of interest. ... Read more

Democracy Now! U.S. and World News Headlines for Tuesday, May 05 [12:07]
*DN | Human Rights Watch: Saudi-Led Coalition Bombing Yemen with Banned U.S.-Made Cluster Munitions (05/05/15) [8:34]
*DN | Emails Show American Psychological Association Secretly Worked with Bush Admin to Enable Torture (05/05/15) [8:39]
Alan Grayson on TPP & TTIP
*No to 'Fast Track,' No to Trade Treachery (04/29/15) [9:00], http://www.TradeTreachery.com website
Jon Stewart
Jon Stewart | Jon Stewart Explains When It's OK To Shoot People Who've Offended You (05/05/15) [9:55]
TRNN | Baltimore Youth on Being Called Thugs (05/05/15) [10:23]
TRNN | Baltimore Police Admit camera presence during interaction with young man prevented arrest. (05/05/15) [5:02]
TYT | Is This Job-Slashing Ex-CEO The Anti-Hillary The GOP's Been Praying For? (05/04/15) [7:58]
TYT | Neurosurgeon Turned FOX News Loon Joins Presidential Race (05/04/15) [7:09]
*TYT | 'Draw Muhammad' Contest Organizer Ups The Hate Following Shooting (05/04/15) [16:09]
RT | Keiser Report: Royal 'Cramdowns' (E753) (05/05/15) [23:47]
*Papantonio: Sanders' Candidacy Will Force Conversation on REAL Issues (05/01/15) [7:50]
Ring of Fire | Tell Americans The Truth About TPP: Quit Hiding (05/01/15) [10:42]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Sociopathy on Parade... (05/05/15) [3:17]
ThomHartmann | Bernie Sanders: The U.S. Should be like Scandinavia... (05/05/15) [2:51]
Other Videos and Documentaries I Ran Across
Note: I don't endorse any of the videos in this section.
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.

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.