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).

Tuesday November 25, 2014
News Articles

How Obama Pushed Hagel Out of the Pentagon
Bloomberg | Jonathan Allen | 11/25/14

"The White House has really wanted to minimize the influence of the Pentagon on policy," said Rosa Brooks, who was counselor to then-Undersecretary of Defense for Policy Michele Flournoy during Obama's first term.

Like his immediate predecessors at the Pentagon, Robert Gates and Leon Panetta, Hagel chafed at the way a small cadre of Obama loyalists centralized power in the White House. When Obama backed off a threat to bomb Syria last year, he made the decision on a walk with his chief of staff, Denis McDonough. Hagel was informed of the decision later.

Tension between Hagel and White House aides got so bad, the defense official said, that Hagel would often phone Obama after the meetings to make sure his voice was heard. ... Read more

Wall Street Pension-Raiders Scored Big Wins in 2014 Midterms
BillMoyers | author | 11/21/14

Last fall, journalists David Sirota and Matt Taibbi dug into a well-funded Wall Street campaign to loot public pension funds. A number of states had, or were in the process of turning billions of dollars in public employees' retirement funds over to various financial firms that in turn skimmed exorbitant fees off the top. ... Read more

Looting the Pension Funds
RollingStones | Matt Taibbi | 09/26/14

In the final months of 2011, almost two years before the city of Detroit would shock America by declaring bankruptcy in the face of what it claimed were insurmountable pension costs, the state of Rhode Island took bold action to avert what it called its own looming pension crisis. Led by its newly elected treasurer, Gina Raimondo -- an ostentatiously ambitious 42-year-old Rhodes scholar and former venture capitalist -- the state declared war on public pensions, ramming through an ingenious new law slashing benefits of state employees with a speed and ferocity seldom before seen by any local government.

Called the Rhode Island Retirement Security Act of 2011, her plan would later be hailed as the most comprehensive pension reform ever implemented. The rap was so convincing at first that the overwhelmed local burghers of her little petri-dish state didn't even know how to react. "She's Yale, Harvard, Oxford -- she worked on Wall Street," says Paul Doughty, the current president of the Providence firefighters union. "Nobody wanted to be the first to raise his hand and admit he didn't know what the fuck she was talking about." ... Read more

TheIntercept | Murtaza Hussain |

Coverage of the midterm elections has, understandably, focused on the shift in political power from Democrats toward Republicans. But behind the scenes, another major story has been playing out. Wall Street spent upwards of $300M to influence the election results. And a key part of its agenda has been a plan to move more and more of the $3 trillion dollars in unguarded government pension funds into privately managed, high-fee investments -- a shift that may well constitute the biggest financial story of our generation that you've never heard of. .... Read more

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold
ZeroHedge | author | 11/25/14

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold. ... Read more

Apple Market Cap Tops $700 Billion, Netflix Goes Red In 2014
ZeroHedge | author | 11/25/14

Apple tops $700 billion market cap and is up over 50% year-to-date...
Meanwhile Netflix has once again given up all its year-to-date gains...

Read more
Click to zoom - for Larger Image
Tar Sands - Click to zoom
Tar Sands is a messy job
A Thanksgiving Snowstorm Could Make America's Busiest Travel Day A Living Hell
Click to zoom - for Larger Image
Democracy Now! U.S. and World News Headlines for Tuesday, November 25 [10:36]
DN | Black Lives Matter: Ferguson Erupts After Grand Jury Clears Officer in Michael Brown Killing (11/25/14) [20:02]
DN | Riot as the Language of the Unheard: Ferguson Protests Set to Continue In Fight For Racial Justice (11/25/14) [15:14]
*Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers (older) [7:04]
TRNN | IPS fellow Phyllis Bennis and Just Foreign Policy's Robert Naiman discuss Hagel's actions on Afghanistan, ISIS, and the Pentagon budget (11/25/14) [13:05]
TYT | 12-Year-Old With BB Gun Killed By Police On Playground (11/24/14) [8:40]
TYT | Pentagon Boss Chuck Hagel Fired - Why And What Now? (11/24/14) [12:14]
TYT | Forget Ferguson, Blacks Are The Real Threat To Blacks, Says Giuliani (11/24/14) [10:54]
TYT | Conspiracy-Debunking Benghazi Report Whips Lindsey Graham Into A Tizzy (11/24/14) [8:31]
Thom Hartmann
*Thom Hartmann | EXPOSED: 90 Pipeline Spills in 4 Months... (11/24/14) [9:11]
*Keystone PipeLIES Exposed from Center for Media and Democracy (05/24/14) [23:07]
www.pipeliesexposed.org website
Ring of Fire
Ring of Fire (11/23/14) [57:00]
  1. 00:45 - "The Most Selfish Congress In History." Rant about upcoming Congress's plans for America. Congress, climate change, environment, jobs, economy, wages. #SelfishRepublicans
  2. 07:06 - David Haynes will tell us how corporate greed and negligence have made our roadways a very hazardous place. Airbag, Guard Rail, Corporation, Road, Danger, Lawsuit. #CorporateGreed
  3. 17:24 - "The Net Neutrality Battle Rages On." Timothy Karr, senior director of strategy for Free Press in New Jersey, will give us the latest on the ongoing battle for net neutrality. Net Neutrality, Telecom, Company, Internet, NSA, Spying. #NetNeutrality
  4. 26:16 - "Financial Divide Threatens American Security." Attorney Howard Nations explains how the growing gap between the haves and have nots is threatening our democracy. Income Gap, Money, Finance, Economy. #WealthGap
  5. 37:08 - "Fast Track To Disaster." Attorney David Hersh will tell us how the TPP could get fast tracked from the new GOP congress. Trade, Deal, TPP, Negotiation, Jobs, Wages. #NoFastTrack
  6. 46:48 - "SEC Delays Wrecking Our Economy." Peter Mougey will explain why the Securities and Exchange Commission is delaying rules and regulations that could help curb Wall Street crime. Banks, Wall Street, SEC, Dodd Frank. #JusticeDelayed

Monday November 24, 2014
News Articles

Chuck Hagel Stepping Down As Secretary Of Defense
AP & HP | Julie Pace | 11/24/14

President Barack Obama says Defense Secretary Chuck Hagel has concluded it's an "appropriate time" for him to complete his service. Obama says Hagel will stay in place at the Pentagon until a successor is confirmed.

Hagel has had a rocky tenure of nearly two years in which he's struggled to break through the White House's insular foreign policy team. He stepped down under pressure amid multiple foreign policy crises, including the rise of the Islamic State group. ... Read more

Arresting Portraits Give Voices To Homeless People In America's Poorest Big City by Robbie Couch (11/24/14) (photos)

Behind 700% Loans, Profits Flow Through Red Rock to Wall Street
Bloomberg | Zeke Faux | 11/24/14

Joshua Wrenn needed money to make the January payment for his Jeep Cherokee. The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.

"I didn't ever see a contract, not one time," said Wrenn, 30. "If I was that stupid, to sign for $3,000 for an $800 loan, I might as well bury myself alive."

Payday loans like Wrenn's -- costly, short-term advances for those with poor credit -- are illegal in North Carolina and about a dozen other states. That's driving online lenders to Indian reservations, where tribes say they're not subject to interest-rate regulations.

American Web Loan, Wrenn's payday lender, is one of the biggest in the U.S. Its offices are in four double-wide trailers, behind the Otoe-Missouria tribe's 7 Clans Paradise Casino in Red Rock, Oklahoma, off a two-lane highway lined with wheat fields. John Shotton, chairman of the Otoe-Missouria, says his impoverished tribe needs the profits to fund affordable housing and after-school programs. ... Read more

Here Are The Most Popular "Hedge Fund" Stocks in The Third Quarter
AAPL has regained its top spot as the global hedge fund hotel's most beloved stock. In fact, 4 of the 5 most widely held names are all tech names, with GOOG, MSFT and FB rounding out the top 4, and only Citigroup as the outlier in the top 5. Perhaps more notable is that the former hedge fund darlings AIG and GM, have been abandoned by the HF crowd, and were in 9th and 16th place, respectively. Click to zoom - for Larger Image

7 Leading Candidates for Corporate Rip-Off of the Year
Alternet | Paul Buchheit | 11/23/14

There are so many to choose from. Every one of these selections is an act of corporate treachery that takes billions of dollars from the American people.

  1. Selling Medication For Up To 100 Times More Than It's Worth - For an example is Gilead Sciences, the manufacturer of the drug Sovaldi, which charges about $10 a pill to its customers in Egypt, then comes home to charge $1,000 a pill to its American customers.
  2. Paying Their Employees With Our Tax Money - Walmart made $19 billion in U.S. profits last year, and the four Walton siblings together made about $29 billion from their personal investments. That's about $33,000 per U.S. employee in profits and family stock gains. Yet they pay their 1.4 million American employees so little that the average Walmart worker depends on about $4,000 per year in taxpayer assistance, for food stamps and other safety net programs.
  3. Giving Money to Executives Rather Than Investing in the Future - Corporations are spending trillions of dollars on stock buybacks, which use potential research and development money to pump up the prices of executive stock options. Apple alone is spending $90 billion to repurchase its own stock through 2015.
  4. Making Money on Dirty Air and Water - Koch Industries dumps more pollutants into rivers and streams than General Electric and International Paper combined.
  5. Making the Highest Profit Margin in the Corporate World -- And Demanding a Tax Cut - The trading volume on the Chicago Mercantile Exchange (CME) reached $1 quadrillion in notionalvalue last year. That's a thousand trillion dollars, about ten times greater than the world economy. CME complained that its taxes were too high, and they demanded and received an $85 million tax break from the State of Illinois.
  6. Skipping Out on the Country that Made Their Business Possible - Walgreens (which later backed down), Burger King, and Medtronic are the biggest names in the so-called inversions that allow companies to desert the country that made them successful.
  7. Group Ripoff: $74 Billion in Profits...and a Tax Refund - It seems incomprehensible that Boeing, Ford, Chevron, Citigroup, Verizon, JP Morgan, and General Motors, with a combined income last year of $74 billion, would pay no taxes, and in fact receive a combined refund of nearly $2 billion.
Read more

Democracy Now! U.S. and World News Headlines for Monday, November 24 [16:15]
DN | After Vowing to End Combat Mission in Afghanistan, Obama Secretly Extends America's Longest War (11/24/14) [22:59]
DN | No Debate: Antiwar Voices Absent from Corporate TV News Ahead of U.S. Attacks on Iraq & Syria () [5:20]
TRNN | Who Is In Charge of Development: The Elite or the Majorities? (11/24/14) [11:54]
Homeless Man Records His Daily Life (11/16/14) [7:05]
TYT | Our F*cked Up Medical System May Leave This Family Bankrupt (11/23/14) [6:25]
TYT | NYC Penthouses Include Big Juicy Tax Breaks & Systemic Corruption (11/23/14) [8:59]
TYT | GOP To Blame Obama For The Government Shutdown They're Planning (11/23/14) [4:36]
TYT | Crazy Muslim Theory From The Biggest Presidential Palace Ever (11/23/14) [4:58]
Thom Hartmann
Thom Hartmann | Nomi Prinz: Banksters are Rigging the "Stock" System with HFT (04/08/14) [10:37]
TestTube (Discovery Digital Network)
How Powerful Is China? (09/04/14) [4:09]
Why are Russia and Ukraine Fighting? (09/03/14) [4:05]
Nomi Prinz
All the Presidents' Bankers by Nomi Prins (07/14/14) [1:04:14]
The longstanding relationship between Wall Street and the White House has often been described as a "revolving door," with both camps benefiting from the connection. All the Presidents' Bankers: The Hidden Alliances that Drive American Power offers an inside look at the political and economic web spun between these two giants. Journalist Nomi Prins traces the history of this partnership, from the creation of the Federal Reserve in 1907 to bankers' influence on politics after the financial crisis of 2008. A former Wall Street executive, Prins unravels the Ivy League schools, fishing trips, marriages, and job offers that thicken these ties each year. By recycling power and keeping it "in the family," Wall Street and the White House have become mutually beneficial entities, working together to shape national -- and international -- politics. According to Prins, these ties have had devastating consequences and the time has come to break them before it's too late.
Massive Fraud of The Financial Class with Nomi Prins () [1:19:06]
Interview with Nomi Prins; Sociopathic Banksters are Running the World () [49:08]
Nomi Prins-Financial Crash-Collapse Coming, It Should Have Happened () [19:41]
Webster Tarpley
Webster Tarpley on the 46 Drills of 9/11 (03/07/12) [58:36]
9/11 Synthetic Terror - Made in USA () [1:05:47]
Webster Tarpley 2013 "Manufactured Terrorism" () [1:08:54]
Webster Tarpley 9/11-Evidence () [1:06:12]
The Dark Web
BBC | Inside The Dark Web () [1:00:26]
TWC: The Dark Web Rises: A Journey through the Looking Glass! () [1:16:25]
Anonymous - The Internet's Own Boy - The Story of Aaron Swartz () [1:45:00]
The Virtual Interview: Edward Snowden - The New Yorker () [1:08:04]
More 9/11 Documentaries
Identifying 9/11 Victims

PBS Newshour | author | 09/21/01
SUSAN DENTZER: Father of two, and a civilian Army employee, Ted Moy worked at the Pentagon. When his wife did not hear from him after last week's terrorist attack, she called various Pentagon phone numbers he'd given her to track him down.

MADELINE MOY: He's been moved around just, you know, different parts of Pentagon. I said, "Okay, I'll give him a few more hours," you know, and then I start to cry.

SUSAN DENTZER: By the time Madeline Moy and other family members were taken by bus several days later to see the crash site, they knew Ted wasn't coming back. ...

... SUSAN DENTZER: 52 of the 117 remains removed from the Pentagon have now been identified. Out of the more than 6,300 missing in New York those identified and whose families have also been notified now number 135.
Read more
A Pattern of Evidence Destruction, Evidence Suppression, and Cover-up by Authorities and 9/11 Commission (article)
Click to zoom - then click on circles (be patient)
Pentagon Body Parts/debris (01/31/13) (article)

How is it possible that the Pentagon's highly touted missile detections systems could not locate Flight 77 in the 42 minutes it was known to be lost before it crashed into the heart of the defense system of the U.S.? The missile detection systems did not depend on FAA radar and were programmed to pick up any unaccounted for objects and raise alarms immediately, as mentioned on the CBO website.

Here's another related question. Why was the Pentagon's billion-dollar missile defense system such a hot topic in the media before 9/11, yet we've heard almost nothing about it since? Could it be that there are elements in the government and military who don't want people to think about questions like those asked here? And an even bigger question is why isn't our media asking these questions and more?

Why is it that the 9/11 Commission budget was far less than the budget allotted to the Challenger space shuttle disaster or even the Monica Lewinsky affair? The 9/11 commission was originally allotted only $3 million. Eventually, after much begging and haggling, the commission was given $15 million. Yet a CNN article lists the cost of the Lewinsky investigation at $30 million. A Los Angeles Times article states the cost of the Columbia space shuttle disaster investigation was $175 million.

How could 9/11 -- the greatest disaster in American history -- be given such a small budget for investigation? Why didn't the Pentagon aggressively investigate the greatest failure ever in U.S. defenses? And why did both the president (see CNN article) and vice-president (see Newsweek article) initially oppose any investigation at all?

History Leading Up to 9/11
The Secret History of 9/11 () [1:30:15]
Pilots for 9/11 Truth
Pandora's Black Box - Chapter Two - Flight Of American 77 () [50:56]
9/11: ATTACK ON THE PENTAGON () [50:56]
9/11: Skygate 911 () [39:50]
9/11: Simulations NEW RELEASE (2014) [46:22]
PilotsFor911Truth.org website
Falling Man (9/11)
9/11 - The Falling Man () [1:11:26]
More 9/11 Documentaries
ABC | Report from Ground Zero, Part 1 () [26:51], Part 2 [26:00], Part 3 [26:00], Part 4 [26:00]
HC | Relics from the Rubble (9/11) (2002) [51:27]
Pentagon 9/11 footage - rare clips() [8:38]
Thought Provoking | Should we ignore new 911 details () [10:39]
FAKE | 9/11 Pentagon HIT BY US CRUISE MISSILE () [3:37]
Webster Tarpley
Webster Tarpley on the 46 Drills of 9/11 (03/07/12) [58:36]

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.