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 May 22, 2015
News Articles

Senate Debate Reveals Absurd Level Of Trade Deal Secrecy
HP | Ryan Grim | 05/21/15

A revealing conversation on the Senate floor Thursday showed precisely how secretive President Barack Obama's pending trade deals are, and the absurdity of arguments to the contrary.

Sens. Joe Manchin (D-W.Va.) and Elizabeth Warren (D-Mass.) sponsored a bill that would have required the administration to post a "scrubbed" copy of the trade deals well before Congress gives the president fast-track authority to jam them easily through Congress. ... Read more

George Soros Warns "No Exaggeration" That China-US On "Threshold Of World War 3"
ZeroHedge | author | 05/22/15

While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros - speaking at The World Bank's Bretton Woods conference this week - warned that unless the U.S. makes 'major concessions' and allows China's currency to join the IMF's basket of currencies, "there is a real danger China will align itself with Russia politically and militarily, and then it is not an exaggeration to say that we are on the threshold of a third world war." ... Read more

The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It by Thom Hartmann

The United States is in the midst of an economic implosion that could make the Great Depression look like child's play. In THE CRASH OF 2016, Thom Hartmann argues that the facade of our once-great United States will soon disintegrate to reveal the rotting core where corporate and billionaire power and greed have replaced democratic infrastructure and governance. Our once-enlightened political and economic systems have been manipulated to ensure the success of only a fraction of the population at the expense of the rest of us.

The result is a "for the rich, by the rich" scheme leading to policies that only benefit the highest bidders. Hartmann outlines the destructive forces-planted by Lewis Powell in 1971 and come to fruition with the "Reagan Revolution"-that have looted our nation over the past decade, and how their actions fit into a cycle of American history that lets such forces rise to power every four generations.

However, a backlash is now palpable against the "economic royalists"-a term coined by FDR to describe those hoarding power and wealth-including the banksters, oligarchs, and politicians who have plunged our nation into economic chaos and social instability.

Although we are in the midst of what could become the most catastrophic economic crash in American History, a way forward is emerging, just as it did in the previous great crashes of the 1760s, 1856, and 1929. The choices we make now will redefine American culture. Before us stands a genuine opportunity to embrace the moral motive over the profit motive-and to rebuild the American economic model that once yielded great success.

Thoroughly researched and passionately argued, THE CRASH OF 2016 is not just a roadmap to redemption in post-Crash America, but a critical wake-up call, challenging us to act. Only if the right reforms are enacted and the moral choices are made, can we avert disaster and make our nation whole again.
Audio Book | The Crash of 2016: The Plot to Destroy America by Thom Hartmann () [9:33:50]

This Aging Oil Pipeline Is In Great Lakes' 'Worst Possible Place' For A Spill
HP | Samantha Lachman | 05/22/15

Environmental activists say Michigan's tourism slogan -- "Pure Michigan" -- may no longer be accurate unless the state takes stronger action to prevent a 62-year-old oil pipeline from rupturing in a sensitive waterway.

The pipeline, called Line 5, is owned by the Canadian energy company Enbridge, carrying nearly 23 million gallons of crude oil and natural gas liquids every day. It passes between the state's upper and lower peninsulas, along the bottom of the Straits of Mackinac, which connects Lake Huron and Lake Michigan. East of the pipeline is the iconic Mackinac Bridge, depicted on many of the state's license plates, and Mackinac Island, an historic, no-cars resort area. ... Read more

The NSA Plan To Find Bin Laden By Hiding Tracking Devices In Medical Supplies
firstlook.org/theintercept/ | Cora Currier | 05/21/15

The National Security Agency concocted a plan to find Osama bin Laden by hiding tracking devices in medical supplies, in an attempt to cross what officials called the "non-electronic moat" surrounding the reportedly ailing terrorist leader.

The scheme is laid out in a top-secret NSA presentation dated June 2010 and titled "Medical Pattern of Life: Targeting High Value Individual #1," which was among the files provided by former NSA contractor Edward Snowden. ... Read more
Zero Dark Thirty () [2:36:59]

Democracy Now! U.S. and World News Headlines for Friday, May 22 [10:37]
DN | State of Emergency in California as Santa Barbara Cleans Up from Another Major Oil Spill (05/22/15) [13:43]
TRNN | Kirk Wiebe says: As Senate Debates Patriot Act, Is Privacy Possible with Current U.S. Foreign Policy? (05/22/15) [10:55]
TRNN | Dr. Thierry Vrain and Dr. Alison Van Eenennaam discuss the science behind genetically engineered crops and the significance of GMO restrictions in more than 60 countries (05/22/15) [15:24]
TYT | Governments Lie And The Reality Of Iraq (05/21/15) [2:14]
TYT | Rand Paul Stands Up Against The Patriot Act (05/21/15) [5:54]
TYT | Jeb Bush Backtracks On Climate Change (05/21/15) [9:51]
TYT | School To Prison Pipeline Robs Young People Of Their Future (05/21/15) [6:04]
RT | Keiser Report: (E760) (05/21/15) [29:19]
RofF | Can Bernie Sanders Beat Hillary Clinton? (05/21/15) [5:37]
RofF | Republicans Fiddle While The Planet Burns (05/21/15) [2:54]
Thom Hartmann - www.thomhartmann.com/
TalkingStickTV | Thom Hartmann: The Crash of 2016 (05/02/14) [1:12:19]
Click picture to zoom in
Click picture to zoom in
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.

Thursday May 21, 2015
News Articles

Public Confused Why World's Biggest Banks Admitting Criminal Fraud, Leads To Public Yawns
ZeroHedge | author | 05/21/15

  1. Libor - interest rates
  2. ISDAfix - swaps
  3. Platts - oil prices
  4. WM/Reuters - FX
  5. High-Frequency Trading - equities

It was about two years ago when we summarized all the known and confirmed rigged markets. Since then things have gone from bad to worse for believers in fair and efficient markets, with not only countless more banks now admitting they rigged Libor and FX. It all culminated with yesterday's settlement in which five of the world's biggest banks, including JPM, Citi and Barclays, agreed to plead guilty in a currency-rigging probe. And, to Bloomberg's dismay, the public yawned. ... Read more

Now, by granting waivers allowing lenders (banksters) to keep operating even after a felony plea, the government has managed to punish firms (banksters) while protecting them from fatal consequences.
20 Banks | 650 Fines (over 20yr period) | $246 Billion in Fines... So Who Cares?

How the White House plans to help the humble bee maintain its buzz
WashingtonPost | Juliet Eilperin | 05/19/15

The humble bee -- nuisance, threat, and linchpin of the American food supply -- has won over the leader of the free world. And now President Obama is intervening on the bee's behalf as its habitat dwindles.

On Tuesday, the Obama administration will announce the first National Strategy to Promote the Health of Honey Bees and Other Pollinators, a bureaucratic title for a plan to save the bee, other small winged animals and their breeding grounds. The initiative may feel like the kind of niche interest a second-term president devotes his time to, but scientists say his attention to the busy workforce that sustains many American crops is critical. ... Read more

The Hidden 'Betrayal' In Obama's Trade Agenda
HP | Laura Barron-Lopez | 05/20/15

As Congress prepares to give President Barack Obama expedited powers to "fast-track" trade deals through Congress, many U.S. steel mills and skeptics of Obama's trade agenda are worried about steel dumping, the term commonly used to describe countries selling steel below market price.

A "vibrant steel industry," Brown said, is a "national security issue" that is being toyed with because of the failure to crack down on steel dumping and similar practices.

"China has more steelmaking capacity than the entire rest of the world combined. They can't keep their steel mills busy, because they don't have that much domestic consumption," he said. "So China is always trying to sell steel at below-market prices -- so-called 'dumping steel' is the term the trade lawyers use." ... Read more

shanghai, China
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More News
  1. Once-Unthinkable Criminal Pleas by U.S. Banks Get Investor 'Meh' (BBG)
  2. The E-Mail That Helped Catch Barclays: 'ISDAfix Is Manipulated' (BBG)
  3. CFTC Said Preparing ISDAfix Probe Talks in Weeks: Credit Markets (BBG)
  4. Islamic State takes control of Syria's Palmyra in westward advance (Reuters)
  5. Tensions High as Greece Gets Smallest Aid Rise Yet (BBG)
  6. The Rise of the $50,000 Rental (BBG)
  7. U.S. says South China Sea reclamations stoke instability (Reuters)
  8. First Hanergy Now Goldin: Hong Kong Stocks Drop Like Stones (BBG)

Democracy Now! U.S. and World News Headlines for Thursday, May 21 [11:55]
*DN | Matt Taibbi: World's Largest Banks Admit to Massive Global Financial Crimes, But Escape Jail (Again) (05/21/15) [14:42]
*DN | Matt Taibbi: on Baltimore, Freddie Gray and How Legal System Covers Up Police Violence (05/21/15) [10:22]
DN | Sgt. James Brown, 26, Survived Two Tours in Iraq Only to Die Begging for His Life in Texas Jail (05/20/15) [17:36]
DN | Say Her Name: Families Seek Justice in Overlooked Police Killings of African-American Women (05/20/15) [4:32]
*TRNN | James S. Henry says: Five Big Banks Plead Guilty to Rigging Currency Markets and No One Goes to Jail (05/21/15) [12:44]
*TRNN | Sen. Elizabeth Warren Pushes Back Against TPP (Trans-Pacific Partnership) Fast Track (05/21/15) [6:12]
TRNN | Norman Finkelstein: U.S. Might Support UN Resolution That Leaves Palestine with a "Garbage Dump", Part 3 (05/21/15) [13:21]
*TYT | Bernie Sanders: Free College For All (05/20/15) [8:25]
*TYT | White-On-White Crime -- Will White Culture Ever Grow Up? (05/20/15) [6:58]
TYT | NYC School's Novel Lesson On Race (05/20/15) [8:28]
*RT | CrossTalk: China's South Sea? (Ft. Pepe Escobar) (05/20/15) [23:50]
Thom Hartmann - www.thomhartmann.com/

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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