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 June 23, 2016
News Articles

Organic Farming Could Feed The World, If Only We Would Let It
HP | Joseph Erbentraut | 06/22/16

... Research published in the Journal of Sustainable Agriculture in 2012 found that the world's farmers already produce enough food to feed 10 billion people. The Economist reported similar findings in a 2011 report.

Despite that tremendous productivity, an estimated 795 million people on earth -- about one in nine people -- do not have enough food to lead healthy, active lives, according to the U.N.'s World Food Programme. The reason for that gap, according to World Hunger: 10 Myths author and Small Planet Institute director Frances Moore Lappe, is that hunger has less to do with supply and more to do with poverty and a lack of equal access to land, water and other necessary resources. ... Read more

The Investing Legends Are Preparing For a Crash
ZeroHedge | author | 06/21/16

... Globally over $10 trillion in bonds are trading with negative yields. This, in of itself, is the makings of a tremendous crisis. With negative yields, bondholders are forced to pay the issuer for the right to lend money.

However, the far bigger issue is the $500+ trillion in interest rate based derivatives. The big banks use sovereign bonds, such as German Bunds, as collateral to backstop the derivatives markets.

With the number of bonds with negative yields growing daily, the derivatives markets are forced to price in yields at levels never before seen by humanity. ... Read more

This Is Not Your Grandma's First Brexit
HP | Charlotte Alfred | 06/22/16

The U.K. is starkly divided over Thursday's referendum on the country's membership in the European Union. Polls show that proponents of leaving and remaining in the EU have been locked in a neck-and-neck race for months.

These divides don't fall neatly along party lines, however. The greatest divisions are socioeconomic, regional -- and above all, generational. ... Read more
TYT | Brexit Vote Takes Place In UK (06/22/16) [12:51]

At Least 185 Environmental Activists Were Murdered Last Year

Trump Just Gave His Sharpest Anti-Clinton Speech Yet
MotherJones | Max J. Rosenthal | 06/22/16

Donald Trump escalated his attacks on Hillary Clinton during a lengthy speech in New York on Wednesday, calling the presumptive Democratic nominee a "world-class liar" and potentially "the most corrupt person ever to seek the presidency."

Trump claimed Clinton had "perfected the politics of personal profit and even theft," accusing her of taking money from banks, special interests, and "financial backers in Communist China" in return for influence. He slammed her for ignoring "radical Islam" and allowing American diplomats to be killed in Benghazi in 2012. "She lacks the temperament, the judgment, and the competence to lead," he said. ... Read more
Donald Trump Anti Hillary Clinton Speech (full) (06/22/16) [40:22]

kind of creepy

The Insane Southwest Heat Wave Is Just the Beginning
MotherJones | Lydia O'Connor | 06/21/16

Deadly, record-breaking heat and wildfires sweeping across the Southwestern US are a clear sign of manmade climate change at work, scientists say.

Triple-digit temperatures began scorching Nevada, California, Arizona, Utah and New Mexico early this week. Some of the most intense heat was recorded throughout Arizona, where four hikers died in separate heat-related incidents.

On Sunday, the National Weather Service announced temperature records for that calendar day in Yuma at 120 degrees, Phoenix at 118, Tucson at 115 and Flagstaff at 93, NOAA spokeswoman Maureen O'Leary told The Huffington Post. Tucson's heat tied for the third hottest day every recorded in the city. ... Read more

Democracy Now! U.S. and World News Headlines for Thursday, June 23 [9:33]
*DN | After Decades of Protest, Last California Nuclear Plant to Close & Be Replaced by Renewable Energy (06/23/16) [8:24]
TRNN | Socialist and Seattle City Council Member Kshama Sawant says: Bernie Running As a Green "Would Be Nothing Short of a Political Earthquake" (06/23/16) [18:50]
TRNN | Prof. Neil Davidson discusses: Can the EU be Reformed from Within? (06/23/16) [13:06]
TYT | Democrats Stage Sit-In Protest In Congress (06/22/16) [10:50]
RT | CrossTalk: The Syrian showdown is looming. A rebellion has broken out in the ranks of the State Department against Obama's handling of the conflict. The Pentagon and the CIA are at odds. And Russia has demonstrated it has lost patience with Washington's so-called moderates. (06/22/16) [24:40]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Youth Are Suing the Feds Over Climate Change (06/22/16) [5:20]
*DR | The Global Refugee Crisis And How Governments In The U.S. And Around The World Are Responding (06/23/16) [1hr]
According to a report from the United Nations released this week, 65 million people around the world were displaced from their home by the end of last year-- the largest number ever recorded by the agency. While the majority are people are exiled within their own country around 20 million are refugees. The largest group, not surprisingly, is fleeing Syria. Europe has struggled to cope with the influx of migrants and have moved to close their borders. On this side of the Atlantic, anti-immigrant rhetoric is running high. Susan Page and her panel discuss the global refugee crisis and how governments in the U.S. and around the world are responding.
*DR | The Growing Popularity Of Retail Health Clinics And What Patients Need To Know (06/23/16) [1hr]
More than six million people go to health clinics each year in retail stores like Wal-Mart and CVS. It's a convenient place to get a strep test or vaccination on evenings and weekends when physicians are often unavailable. The out-of-pocket expenses can also be cheaper. But the American Academy of Pediatrics advises parents not to take children to these clinics. And other doctors say those with certain chronic diseases could be at risk if they rely too heavily on them for medical care. Guest host Susan Page and a panel of guests discuss the pros and cons of retail health clinics.
Aljazeera | Inside Story - Brexit: Is the European Union still attractive? (06/22/16) [25:00]
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
MSNBC - Maddow/Hayes - www.msnbc.com/
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.

Wednesday June 22, 2016
News Articles

Trump's puny war chest rattles GOP
Politico | Daniel Strauss | 06/21/16

Donald Trump's newly released fundraising figures proved so anemic that Republican operatives are still shaking their heads and rubbing their eyes to make sure they read the numbers correctly.

The presumptive Republican nominee -- who frequently boasts about his vast personal fortune -- reported a paltry $1.3 million cash on hand Monday evening, a total not even in the same ballpark as Hillary Clinton's $42.5 million. ... Read more

*Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank

It is a widespread belief among liberals that if only Democrats can continue to dominate national elections, if only those awful Republicans are beaten into submission, the country will be on the right course.

But this is to fundamentally misunderstand the modern Democratic Party. Drawing on years of research and first-hand reporting, Frank points out that the Democrats have done little to advance traditional liberal goals: expanding opportunity, fighting for social justice, and ensuring that workers get a fair deal. Indeed, they have scarcely dented the free-market consensus at all. This is not for lack of opportunity: Democrats have occupied the White House for sixteen of the last twenty-four years, and yet the decline of the middle class has only accelerated. Wall Street gets its bailouts, wages keep falling, and the free-trade deals keep coming.

With his trademark sardonic wit and lacerating logic, Frank's Listen, Liberal lays bare the essence of the Democratic Party's philosophy and how it has changed over the years. A form of corporate and cultural elitism has largely eclipsed the party's old working-class commitment, he finds. For certain favored groups, this has meant prosperity. But for the nation as a whole, it is a one-way ticket into the abyss of inequality. In this critical election year, Frank recalls the Democrats to their historic goals-the only way to reverse the ever-deepening rift between the rich and the poor in America.
The Late Show with Stephen Colbert
Stephen Colbert | Trump's Campaign Has No Money, Wall Street Has No Love for Elizabeth Warren (06/22/16) [5:34]

Brexit Polls Offer Little Insight Into UK Voter Preferences
HP | Natalie Jackson | 06/21/16

The United Kingdom votes in a referendum Thursday on whether it will leave the European Union, or "Brexit." The decision could have major global economic and political ramifications.

... The HuffPost Pollster model estimates that if the election was held today about 46 percent of Britons would vote to leave the EU, and 45 percent would vote to remain. The probability that leave is in the lead is about 78 percent, but it wouldn't be surprising for the June 23 vote to go either way. .... Read more

ECB Balance Sheet Hits Record High (With Stocks At 18-Month Lows)
ZeroHedge | author | 06/22/16

Given the utter failure to create any 'real' economic gains via the expansion of the ECB balance sheet, the plunge in stock prices (and thus crushing the trickle-down wealth-creation mandate) leaves Draghi in the same boat as Yellen - utterly impotent. ... Read more
Click picture to zoom in

The Worthless Society
*TYT | No Recovery For The Middle Class (06/11/16) [5:41] Click picture to zoom in
Democracy Now! U.S. and World News Headlines for Wednesday, June 22 [11:59]
*DN | Thomas Frank on Clinton & Democratic Establishment: What Happened to the Party of the People?, Part 1 (06/22/16) [9:32], Part 2 [9:11]
TRNN | John Weeks discusses: Europe Will Drift Further to the Right if Britain Leaves EU (06/20/16) [12:44]
TRNN | Naomi Klein on the Ousting of President Rousseff (06/22/16) [1:52]
TYT | Hacker Releases MORE Hillary Clinton Memos (06/21/16) [11:00]
TYT | Why Won't Hillary Clinton Talk To The Press? (06/21/16) [3:09]
*RT | Max and Stacy discuss economic anxiety in a 'divided America,' in which 'rosy averages' bypass most. (06/21/16) [25:45]
Thom Hartmann - www.thomhartmann.com/
*DR | The Trump Campaign's Financial And Organizational Challenges (06/22/16) [1hr]
New campaign finance reports show that Donald Trump has less than $1.3 million in the bank heading into June. He is trailing Hillary Clinton by more than $41 million. Trump's staff of 70 people also pales in comparison to Clinton's nearly 700 campaign employees. Top Republicans are alarmed and wonder how Trump will win swing states in the November election. In response, the presumptive nominee said he would rely on his personal fortune. Trump is expected to respond further to concerns about his campaign in a speech later this morning. Guest host Tom Gjelten and a panel of guests take a look at the state of Donald Trump's campaign.
*DR | Environmental Outlook: How Public Opinion Has Shifted On Climate Change And Why (06/22/16) [1hr]
"The earth has warmed and we did it" -- this is the headline of a large print ad that appeared earlier this week in the opinion pages of the Wall Street Journal. The sponsor of that ad, The Partnership for Responsible Growth, is hoping to get a message through to readers of the Wall Street Journal whose opinion writers regularly introduce uncertainty into the question as to whether the climate is warming and how much human activity has to do with it. For those hoping for strong action to counter the risks of climate change, the last eight years have been dispiriting: Despite the mounting scientific evidence, fewer people are persuaded. For this month's Environmental Outlook: join us to talk about what people believe about climate change and why.
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.