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 February 12, 2016
News Articles
PBS NewsHour Democratic Debate
*PBS | PBS NewsHour Democratic Debate (02/12/16) [1:50:40]
*TYT | PBS NewsHour Democratic Debate: The Young Turks Summary (02/11/16) [7:11]
TYT | Who Won The PBS NewsHour Democratic Debate? (02/11/16) [9:42]
TYT | PBS NewsHour Democratic Debate: The Biggest Controversy Was... (02/11/16) [8:44]

*Europe's Most Distressing Chart: For Banks 2016 Is Already Worse Than 2008
ZeroHedge | author | 02/12/16

... But did you know that for most European banks, 2016 is shaping up far worse than the dreaded 2008? As the following chart from Reuters shows, the year-to-date stock price performance for most European banks is on pace to far surpass - to the downside - the dreadful for the global financial system 2008.

As Reuters puts its it, "Euro zone banks have seen their shares plummet by nearly 30 percent and yields on their bonds surge since the start of the year, as investors worried about thinning profits and uncomfortably high levels of bad loans in some countries." ... Read more
Click picture to zoom in

This Is The NIRP "Doom Loop" That Threatens To Wipeout Banks And The Global Economy
ZeroHedge | author | 02/12/16

It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a hit, inhibiting their ability to fund the sovereign, whose yields would then rise some more, further curtailing banks' ability to help out, and so on and so forth.

Well don't look now, but central bankers' headlong plunge into NIRP-dom has created another "doom loop" whereby negative rates weaken banks whose profits are already crimped by the new regulatory regime, sharply lower revenue from trading, and billions in fines. Weak banks then pull back on lending, thus weakening the economy further and compelling policy makers to take rates even lower in a self-perpetuating death spiral. Meanwhile, bank stocks plunge raising questions about the entire sector's viability and that, in turn, raises the specter of yet another financial market meltdown. ... Read more
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More News
  1. Yellen's dilemma: A downturn with no easy response (Reuters)
  2. Clinton, Sanders clash over Obama as they vie for minority votes (Reuters)
  3. Risk Grows of Markets Sparking Recession (WSJ)
  4. Global Stock Rout Eases Amid Oil Advance as German Bonds Decline (BBG)
  5. U.S. Benchmark Yield Will Be at Record Low in March at This Rate (BBG)
  6. Oil Prices Rally on Hopes of Production Cuts (WSJ)
Democracy Now! U.S. and World News Headlines for Friday, February 12 [11:21]
*DR | Friday News -- Domestic (02/12/16) [1hr]
The Republican presidential field narrows after a dramatic New Hampshire primary. The Department of Justice sues Ferguson, Missouri after the city amends a police reform deal. And the Supreme Court puts President Obama's climate regulations on hold. A panel of journalists joins Diane for analysis of the week's top national news stories.
*DR | Friday News -- International (02/12/16) [1hr]
The U.S. warns that Russian airstrikes in Syria are harming peace talks. NATO sends warships to the Aegean Sea to deter migrant smuggling. And in a rebuke to North Korea, Seoul closes a shared industrial complex. A panel of journalists joins Diane for analysis of the week's top international news stories.
TRNN | Chris Hedges debate: Can Change Come From Within the Democratic Party? (02/11/16) [13:41]
Interesting debate between Jay and Chris Hedges
RT | CrossTalk: on Syria, Assad Will Win (02/12/16) [23:46]
RT | Keiser Report: Conditions for Anger (E874) (02/11/16) [25:45]
Creating buffer zone? Turkey sets up refugee camps inside Syria (02/12/16) [3:36]
RoF | Elizabeth Warren: Justice System Rigged In Favor Of The Wealthy (02/11/16) [4:39]
RoF | Big Pharma Vultures Plan To Rig 2016 Election (02/11/16) [4:42]
Thom Hartmann - www.thomhartmann.com/
*ThomHartmann | Are We Safe from Wall Street Scams? (full) (02/11/16) [57:26]
Note: In the First 12 Minutes - Thom talks with America's Lawyer, Mike Papantonio, about Wall Street scandals and the SEC after ABC has come out with a new mini-series about scam artist, Bernie Madoff.
Aljazeera | Inside Story - How can we stop the spread of superbugs? (02/11/16) [24:40]
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
MSNBC - Maddow/Hayes - www.msnbc.com/

Thursday February 11, 2016
News Articles
Todays Headlines
FEARS GROW: GOP SPLIT CONVENTION... Nightmare For GOP: Nobody Cracks 40%... Window For Any Republican To Clinch Nomination Before Convention Is 'Rapidly Closing'... Armageddon For GOP Establishment... Delegate Tracker... Next Up: Nasty South Carolina... MARCOBOT Hits Control-Alt-Delete... Cruz: It's Down To Me And Trump... Bush Bounce? Donors Celebrate... Milbank: Jeb 'Looks Alive'... Trump Retweets White Nationalist Account...

"It's A Weird Suicide Mission That Will Have A Very Dark End"
ZeroHedge | author | 02/11/16

Earlier today we reported that Saudi Arabia has made a “final” decision to invade Syria.

Of course they won’t use the term “invade.” They’ll say the same thing the US says, which is that they need to send in a limited number of ground troops to help fight ISIS.

The timing of the announcement quite clearly suggests that the Saudis are going to try and shore up the rebels who are facing imminent defeat at Aleppo where Hezbollah, backed by Russian airstrikes, is about to overrun the opposition. ... Read more

Online Public Schools Are a Disaster, Admits Billionaire, Charter School-Promoter Walton Family Foundation
AlterNet | Steven Rosenfeld | 02/11/16

For the second time in three months, the Walton Family Foundation -- which has spent more than $1 billion to create a quarter of the nation's 6,700 public charter schools -- has announced that all online public school instruction, via cyber charter schools, is a colossal disaster for most K-12 students.

"If virtual charters were grouped together and ranked as a single school district, it would be the ninth largest in the country and among the worst performing," co-wrote Walton's Marc Sternberg and Marc Holley, respectively the foundation's director of educational giving and its evaluation unit director, in a recent Education Week commentary. "Online education must be reimagined. Ignoring the problem -- or worse, replicating failures -- serves nobody." ... Read more

The Art Of The Deal
Donald Trump's The Art Of The Deal: The Movie (trailer) (02/10/16) [1:09]
Donald Trump's The Art of the Deal: The Movie (full) [50:03]

European Sovereign Risk Soars As Systemic Fears Mount
ZeroHedge | author | 02/11/16

"Whatever it takes" is not enough, it would appear as the fragility and interconnectedness forced upon the European banking/sovereign finance ponzi has rapidly come home to roost for Draghi and his followers. Peripheral bond risk has flipped from "hold your nose" buys to panic sells with Portugal risk exploding 200bps in the last week. As the European banking system's credit risk rises 2012-crisis-like, it seems belief in a bigger bazooka is fading fast.

It's not just Deutsche Bank... Read more

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Deutsche Bank Is Back: 5 Year Sub CDS Soar To Record High
ZeroHedge | author | 02/11/16

"Worse than Lehman" is how one European bond market trader described the carnage this week as the brief respite that ECB monetization and debt-buyback rumors provided yesterday have morphed into utter destruction this morning. European (and US) banks are a sea of contagious red with Deutsche Bank the tip of the collapse spear. Credit risk on Deutsche has exploded this morning with Sub CDS trading up 85bps to a record high 540bps... eerily reminiscent of the pre-Lehman bankruptcy week in 2008. ... Read more

Markets Around The World Are Crashing
ZeroHedge | author | 02/11/16
Read more

There's A Lesson In Spain's Surreal, Unfinished Cities (PICTURES)
HP | Kate Abbey-Lambertz | 02/11/16

In a memorable scene in "The Big Short," the Oscar-nominated 2015 movie about the financial crisis, a real estate agent shows the main characters around a desolate Florida subdivision. She insists that the market is just in a lull as they drive past rows and rows of vacant homes.

But it wasn't just a lull. It was the housing bubble bursting, and that emptiness was replicated in communities around the world as people lost their homes and developers' projects went bust. One of the worst cases was in Spain, where there were more than 3 million unoccupied homes in 2014. ... Read more

More News
  1. Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
  2. Banking Stocks Pummeled in Europe (WSJ)
  3. Dollar, stocks plunge sparks scramble for safety (Reuters)
  4. Nymex Crude Slips Below $27 a Barrel (WSJ)
  5. No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)
Democracy Now! U.S. and World News Headlines for Thursday, February 11 [11:02]
The Late Show with Stephen Colbert
CorbettReport | Bernie Sanders Explains Why He's Different From Trump (02/11/16) [7:01]
*DR | The Latest on the Military, Political and Humanitarian Crises in Syria (02/11/16) [1hr]
Russia continues airstrikes in Syria. Secretary Kerry meets with world leaders in an attempt to resolve the country's five-year civil war. A panel joins Diane to discuss the latest on the military, political and humanitarian crises facing Syria.
TRNN | Robert Pollin Discusses: SCOTUS Blocks Obama Clean Power Plan, Hinders Future of Environmental Legislation (02/11/16) [5:00]
TRNN | Sanders Campaign Inspiring Movement Beyond the Election (02/10/16) [24:35]
TYT | Super Delegates Give Clinton Tie, Despite CRUSHING Sanders Win In NH Primary (02/10/16) [15:02]
TYT | Superdelegates Explained (02/10/16) [8:44]
American politics is understandably confusing. One weird facet is the difference between delegates and super delegates. John Iadarola, host of ThinkTank, explains the difference as he delivers his Final Judgment on delegates vs superdelegates.
TYT | Carly Fiorina Drops Out Of 2016 Republican Presidential Race (02/10/16) [6:01]
TYT | Rupert Murdoch Calls Chris Christie A "Suicide Bomber" (02/10/16) [6:14]
RoF | Ring of Fire (E242) - The Undying Koch Problem (full) (02/10/16) [29:00]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Bernie & Trump Agree On Trade Issues (02/11/16) [4:32]
ThomHartmann | Economist Explains Why a Bernie Economy Would Soar (02/11/16) [10:19]
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
MSNBC - Maddow/Hayes - www.msnbc.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. 
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.