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 September 22, 2017
Bernie Sanders Presents his Foreign Policy Platform | Westminster College | 09/21/17 | 1:24:36
Note: Bernie starts at around 24:00
Bernie Sanders Calls Out 'International Oligarchy' | TRNN | 09/21/17 | 21:30

Trump aides begin looking for the exits
Politico | Nancy Cook | 09/22/17

After a wave of high-profile White House departures this summer, staffers who remained are reaching out to headhunters to discuss their next moves.

A fast-growing number of White House staffers are starting to look for the exits, even though the one-year mark of President Donald Trump's first term is still months away.

Many who joined the administration in January did so with the explicit idea that they'd stay for at least a year, enough to credibly say they'd served. But in the aftermath of a wave of abrupt, high-profile departures over the summer that culminated with former strategist Steve Bannon's ouster in August, aides up and down the chain are reaching out to headhunters, lobbyists, and GOP operatives for help finding their next job. ... Read more

"There is no joy in Trumpworld right now," said one adviser in frequent contact with several staffers. "Working in the White House is supposed to be the peak of your career, but everyone is unhappy, and everyone is fighting everyone else."

How Do Families Around The World Spend Their Vacations?
NYTimes Magazine | Joakim Eskildsen | 09/21/17

In the deciduous forests of southern Estonia, small cabins made of logs layered with moss dot the countryside. These are the smoke saunas -- places to bathe bodies and cleanse spirits. The aromas of alder wood and stripped birch, burning below hot stones, waft through the air. Once the stones reach peak heat, the smoke is vented out with the help, it's said, of a mythical "smoke eater." Inside the cabin, a caretaker whisks visitors' skin, delivering gentle beatings with a bouquet of leaves gathered, as at the sauna in Vorumaa at left, from the surrounding woods as the hot air alleviates the anxiety that comes with living in one of the world's most technologically savvy populations ... Read more

What we do for ourselves dies with us. What we do for others and the world remains and is immortal. - Albert Pine
Vietnam War by Ken Burns and Lynn Novick

Vietnam War by Ken Burns and Lynn Novick website
Ken Burns and Lynn Novick's ten-part, 18-hour documentary series, THE VIETNAM WAR, tells the epic story of one of the most consequential, divisive, and controversial events in American history as it has never before been told on film. Visceral and immersive, the series explores the human dimensions of the war through revelatory testimony of nearly 80 witnesses from all sides--Americans who fought in the war and others who opposed it, as well as combatants and civilians from North and South Vietnam. Ten years in the making, the series includes rarely seen and digitally re-mastered archival footage from sources around the globe, photographs taken by some of the most celebrated photojournalists of the 20th Century, historic television broadcasts, evocative home movies, and secret audio recordings from inside the Kennedy, Johnson, and Nixon administrations. THE VIETNAM WAR features more than 100 iconic musical recordings from greatest artists of the era and haunting original music from Trent Reznor and Atticus Ross as well as the Silk Road Ensemble featuring Yo-Yo Ma.
Episode 01: Déjà Vu (1858-1961) | PBS | 1:25:51
Note: You will probably have to click 9 or 10 times on the vertical Scrollbar (bottom arrow) to center the video.
Episode 02: Riding the Tiger (1961-1963) | PBS | 1:26:59
Episode 03: The River Styx (January 1964-December 1965) | PBS | 1:58:28
Episode 04: Resolve (January 1966-June 1967) | PBS | 1:57:58
Episode 05: This Is What We Do (July 1967-December 1967) | PBS | 1:28:43
Note: The next set of videos require a login. I will add them as they become available for free.
REPLAY: John O'Neill and What He Knew Before 9/11 | PBS Frontline | old | 1:26:51
As an FBI agent who specialized in counter-terrorism, John P. O'Neill investigated the bombing of the American embassies in Africa, the USS Cole in Yemen, the Khobar Towers in Saudi Arabia, and the first attack on the World Trade Center. O'Neill came to believe America should kill Osama bin Laden before Al Qaeda launched a devastating attack, but his was often a lonely voice. A controversial figure inside the buttoned-down world of the FBI, he was forced out of the job he loved and entered the private sector -- as director of security for the World Trade Center.
Democracy Now! U.S. and World News Headlines for Friday, September 22 (FULL) | 59:02
Note: on the full 59:02 video look for small white (or black) circles on the Progressbar they denote the different news stories. You can move the pointer on the Progressbar to jump to each story, and around the video.
Note2: You might have to scroll the windows down 1/2 inch to capture the full video.
  1. Headlines
  2. Amnesty International Reveals the Bomb That Killed 16 Civilians in Yemen Was Made in the U.S.A.
  3. "His Laughter was a Battle Cry": Thousands Celebrate Comedian & Human Rights Legend Dick Gregory
  4. Amid Tensions with North Korea, 51 Countries Sign Ban on Nuclear Weapons Despite U.S. Opposition
Neocons and Hollywood Liberals Go to 'War' on Russia | TRNN | 09/22/17 | 14:12
Kilmeade Keeps Getting Dunked On By Kimmel | TYT | 09/21/17 | 13:11
Friday News - Domestic | 1a.org | 09/22/17 | 1hr
A new push to replace the Affordable Care Act is afoot, and the heaviest debate over the legislation is between its sponsor, Senator Bill Cassidy of Louisiana and late night TV host Jimmy Kimmel.

Former Trump campaign chairman Paul Manafort is feeling even more heat in the Russia investigation.

In the Atlantic, Hurricane Maria continues to move northwest.
Friday News - International | 1a.org | 09/22/17 | 1hr
Many Mexicans are holding onto hope that missing relatives and friends will soon be accounted for among the rubble left by a devastating earthquake this week. Meanwhile, another powerful storm threatens the safety of residents in the Caribbean.

The U.S. doled out more sanctions on North Korea following a fiery speech from President Trump to the U.N. General Assembly that resorted to name calling aimed at Kim Jong Un. Trump has also reportedly made a decision about the future of the Iran nuclear deal ... although he's not revealing his hand yet.

Plus, Germany heads to the polls this weekend and a controversial new statue is unveiled in Russia.
PBS NewsHour full episode September 21, 2017 | PBS | 09/21/17 | 54:30
What you need to know about the GOP's Graham-Cassidy health care bill | PBS | 09/21/17 | 8:21
*President Donald Trump Staffs Government With Political Favors | MSNBC Rachel Maddow | 09/21/17 | 19:34
In Tweet, President Donald Trump Says Kim Jong Un 'Obviously A Madman' | MSNBC Morning Joe | 09/22/17 | 6:05
Is Senator Lindsey Graham Walking Back Principles For Alaska?' | MSNBC Morning Joe | 09/22/17 | 6:21
'War Of Words' Between President Donald Trump, Kim Jong Un Continues | MSNBC Morning Joe | 09/22/17 | 9:10
Jimmy Kimmel: These Guys Won't Tell The Truth So I Have To | MSNBC Last Word | 09/21/17 | 7:15
Jimmy Kimmel Live
*Round 3 of Jimmy Kimmel's Health Care Battle | Jimmy Kimmel | 09/21/17 | 7:37
Late Night with Seth Meyers
Republicans Can't Defend Their Cruel Graham-Cassidy Health Care Bill: A Closer Look | Seth Meyers | 09/21/17 | 11:56
The Daily Show with Trevor Noah
Hurricane Mueller Storms the Trump Administration | Trevor Noah | 09/21/17 | 8:38
The Late Show with Stephen Colbert
Stephen Deciphers Paul Manafort's Code Word 'Black Caviar' | Stephen Colbert | 09/22/17 | 5:46
Oh The Places You'll Go... In A Private Jet On Taxpayer Money | Stephen Colbert | 09/22/17 | 1:20
10 Things Chuck Grassley Hates About The Healthcare Bill He's Voting For | Stephen Colbert | 09/22/17 | 1:51

Thursday September 21, 2017

John McCain Can Stop This Health Care Bill
HP | Matt Fuller | 09/20/17

The fate of health care for millions of Americans may, once again, come down to Sen. John McCain (R-Ariz.).

It was McCain in July who sank Republican hopes of a "skinny repeal," siding at the last minute with Sens. Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska) to vote against the Senate GOP's scaled down health care bill.

At the time, McCain said he was voting no because of the bad process that Republicans had used to bring up the bill, where they skipped committee hearings, markups and amendments to just put the legislation up for a vote with a less than solid idea of the policy effects.

Now McCain is making a similar argument.

"I want regular order," McCain told HuffPost on Wednesday, a chorus he has repeated over and over again this week.

When asked if that meant he was still a no, McCain said, "I want regular order, is the answer." Read more

Jimmy Kimmel DESTROYS Republican Healthcare Lies | TYT | 09/20/17 | 9:28
Kimmel, not Cassidy, is right on health care, analysts say
Most Terrifying Footage Of Hurricane Maria 175mph Wind Flash Flood Puerto Rico | Che'dele Review | 09/20/17 | 40:11
Position of Hurricane Maria - www.ventusky.com/?p=27.1;-71.6;4&l=wind&m=gfs | ventusky.com | 09/21/17 @ 9:32|

The unlikely group who brought Obamacare repeal back to life
Politico | Jennifer Haberkorn and Rachael Bade | 09/21/17

Former Pennsylvania Sen. Rick Santorum and Bill Cassidy crafted the bill, while Lindsey Graham played the role of salesman.

Senate Republicans' last-ditch attempt to repeal and replace Obamacare rests on the unlikely collaboration of a veteran senator who can't stand health policy, a wonky freshman who has never passed major legislation and a former senator who lost his seat a decade ago.

Together, Sens. Lindsey Graham (R-S.C.), Bill Cassidy (R-La.) and former Pennsylvania Sen. Rick Santorum crafted the latest GOP repeal bill in hopes of delivering on the party's seven-year-old campaign promise to repeal Obamacare.

The trio teamed up this summer to salvage the repeal effort. At first, their idea of replacing much of Obamacare with state block grants went nowhere. But now -- only days before the expiration of the special rule allowing the Senate to dismantle Obamacare with only 50 votes -- the idea has gained enough momentum that Senate Majority Leader Mitch McConnell committed to bringing the measure to the floor next week for a vote. ... Read more

Trump hires campaign workers instead of farm experts at USDA

Paul Manafort offered Kremlin-linked oligarch access to Trump campaign
Salon | Sophia Tesfaye | 09/20/17

The Washington Post reported that Trump's former campaign manager pitched a Russian billionaire "private briefings"

Paul Manafort, the second of Donald Trump's presidential campaign managers, is in serious legal jeopardy. The Washington Post reported on Wednesday that during his five-month control of the Trump campaign, Manafort offered a Kremlin-linked Russian oligarch multiple "private briefings" on the status of the U.S. election.

Less than two weeks before Trump clinched the GOP nomination, Manafort wrote an email to an intermediary of aluminum magnate Oleg Deripaska to ask if the Basic Element founder would like to be regularly updated on the progress of the campaign. ... Read more

Building the New American Economy: Smart, Fair, and Sustainable by Jeffrey D. Sachs

With a nation seemingly more divided than ever, many worry that Americans risk losing ground on solving the complex, interrelated problems the country faces--including rising inequality, the specter of climate change, astronomical health care costs, and economic stagnation. The renowned economist Jeffrey D. Sachs offers a practical approach to move America toward a new consensus: sustainable development. Sustainable development focuses on the economy, society, and the environment when shaping policy. A holistic approach emphasizing economic, social, and environmental objectives is key. In focusing too much on economic growth, the United States has neglected rising economic inequality and dire environmental threats. Now, even growth is imperiled.

In this passionate and powerful book -- part manifesto, part plan of action -- Sachs dwells on issues that have captivated the nation and political debate, including infrastructure, trade deals, energy policy, the proper size and role of government, the national debt, and income inequality. Not only does he provide illuminating and accessible explanations of the forces at work in each case, but he also presents specific policy solutions. His argument rises above the pessimism borne of political paralysis, economic stagnation, and partisanship to devise a brighter way forward, achievable both individually and collectively
Why Trump is Always (Always!) the Victim | Keith Olbermann | 09/20/17 | 5:32
This man [Trump] is a walking, talking double standard
Democracy Now! U.S. and World News Headlines for Thursday, September 21 [13:42]
Democracy Now! U.S. and World News Headlines for Thursday, September 21 (FULL) | 59:02
Note: on the full 59:02 video look for small white (or black) circles on the Progressbar they denote the different news stories. You can move the pointer on the Progressbar to jump to each story, and around the video.
Note2: You might have to scroll the windows down 1/2 inch to capture the full video.
  1. Headlines
  2. Environmental Disaster Looms in Puerto Rico, Lashed by Hurricane Maria & Left Without Power
  3. Jeff Sachs Warns "Nuclear War is A Real Threat" as Trump Threatens to "Totally Destroy" North Korea
  4. Economist Jeff Sachs: Americans Who Don't Want War with Iran Must Speak Out Now
  5. Trump Admin Doubles Down on Plans to Withdraw from Paris Deal as UNGA Makes Climate Top Priority
  6. "One Long Night": Writer Andrea Pitzer on History of Concentration Camps & Rise of Intolerance Today
Jeff Sachs Warns "Nuclear War is A Real Threat" as Trump Threatens to "Totally Destroy" North Korea | DN | 09/21/17 | 8:50
Economist Jeff Sachs: Americans Who Don't Want War with Iran Must Speak Out Now | DN | 09/21/17 | 6:38
Trump is Threatening More than Just the Iran Deal | TRNN | 09/20/17 | 18:27
Congress Spars on Healthcare, Unites to Fund War | TRNN | 09/21/17 | 13:28
Entire Country Without Power After Hurricane Maria | TYT | 09/20/17 | 5:32
Earthquake Death Toll Doubles | TYT | 09/20/17 | 6:52
Keiser Report: America's Falling Apart (E1123) | RT | 09/14/17 | 25:45
Paul Manafort In The Middle | 1a.org | 09/21/17 | 1hr
Paul Manafort helped chart Donald Trump's path to White House. But long before the lawyer-slash-lobbyist-turned-campaign chairman was a part of Trump's team, he was a name known to the FBI.

This week, reports emerged that the intelligence agency has been monitoring Manafort for several years, starting with a warrant that allowed the FBI to look into his work as a consultant with the Ukranian government. Ahead of the 2016 U.S. presidential campaign, the FBI wiretapped Manafort, according to CNN. And special counsel Robert Mueller, who is leading the investigation into Russia's interference in the 2016 election, appears to have taken a renewed interest in Manafort.

In July, FBI agents raided Manafort's home and Mueller's team could bring charges -- although it remains unclear how or if any of the focus on Manafort connects to the broader probe on Russia and the Trump campaign.

For now, Manafort is a man caught in the middle with a lot to answer for. How did he get there?
Following The Path From Paul Manafort To Robert Mueller | Rachel Maddow | 09/21/17 | 22:00
WSJ: Robert Mueller Office Interviewed Rod Rosenstein On James Comey Firing | Rachel Maddow | 09/20/17 | 5:32
Senator Jeff Flake On Health Bill: I'm Not Responding To Donors | MSNBC Morning Joe | 09/21/17 | 10:43
Jimmy Kimmel: Bill Cassidy Lied Right To My Face About Healthcare | MSNBC Last Word | 09/20/17 | 8:56
Mueller Seeks A Long List Of Donald Trump Docs In Growing Russia Probe | MSNBC 11th Hour | 09/20/17 | 7:32
The Late Show with Stephen Colbert
Trump's UN Speech Advocates For Both Peace And Nuclear War | Stephen Colbert | 09/20/17 | 8:13
Jimmy Kimmel Live
Jimmy Kimmel Fights Back Against Bill Cassidy, Lindsey Graham & Chris Christie | Jimmy Kimmel | 09/20/17 | 10:05
Full Frontal with Samantha Bee
Is There Any Hope For The Left? | Samantha Bee | 09/20/17 | 6:04
General Kelly v. "Honorable" Omarosa | Samantha Bee | 09/20/17 | 6:37
Freedom(ish) Of Speech | Samantha Bee | 09/20/17 | 7:18
Late Night with Seth Meyers
The Check In: Who the Hell is Dana Rohrabacher? | Seth Meyers | 09/20/17 | 7:14

Wednesday September 20, 2017

Hurricane Maria Slams Into Puerto Rico
HP | Lydia O'Connor | 09/20/17

urricane Maria slammed into eastern Puerto Rico on Wednesday morning as a potentially catastrophic Category 4 storm, threatening the area with vicious winds and dangerous flooding.

The hurricane's eyewall passed over Vieques around 4 a.m. eastern before heading towards the main island, the National Hurricane Center said. The storm made landfall on the eastern part of the island, near Yabucoa, around 6:15 a.m. with wind speeds of up to 155 mph. ... Read more
Ventusky.com website 09/20/17 11:10 est

Everybody still hates Hillary Clinton: But why?
Salon | Conor Lynch | 09/20/17

Clinton is right that sexism played a huge role in her defeat -- but there are other factors she simply doesn't get

Hillary Clinton is back in the public eye to promote her new memoir on the 2016 election, but most Americans would apparently prefer her to just go away. That's according to a recent NBC News/Wall Street Journal poll, which found that just 30 percent of respondents had a very positive or somewhat positive view of the former Democratic nominee, who seems to be getting even less popular as the 2016 election recedes further into the past.

This poll couldn't have come at a more inconvenient time for Clinton, who attempts to explain last year's election in her aptly titled new book, "What Happened," which caused a stir well before its official publication date after a few passages were leaked online. As the former secretary of state proceeds with her nationwide book tour and several high-profile media appearances, she remains an extremely divisive figure, and 10 months after losing the election she has yet to figure out why. ... Read more

Photos of the Earthquake in Mexico City
TheAtlantic | Alan Taylor | 09/19/17

On September 19, 2017, a magnitude 7.1 earthquake shook Mexico City, rattling skyscrapers and sending millions into the streets. Reuters is reporting at least 200 deaths across several Mexican states. Coincidentally, Tuesday was the 32nd anniversary of the devastating 1985 Mexico City earthquake, an occasion that led to many first responders and volunteers already being gathered outside, taking part in earthquake-preparedness drills. Below, some early images of the still-unfolding disaster in Mexico City. Updated with new 12 new images on September 20. ... Read more

Donald Trump's Dangerous North Korea Gambit
WiredMagazine| Brian Barrett | 09/19/17

ON TUESDAY MORNING, Donald Trump gave a bombastic speech to the assembled delegates of the United Nations. Pay special attention to how he addressed North Korea and its looming nuclear threat. Unlike most of what Trump said otherwise, its implications are as wide-ranging as they are grim.

"The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea," said Trump. "'Rocket Man' is on a suicide mission for himself and for his regime." ... Read more
Trump Speaks To UN, Threatens To Destroy North Korea | TYT | 09/19/17 | 16:03

Democracy Now! U.S. and World News Headlines for Wednesday, September 20 [9:27]
Democracy Now! U.S. and World News Headlines for Wednesday, September 20 (FULL) | 59:02
Note: on the full 59:02 video look for small white (or black) circles on the Progressbar they denote the different news stories. You can move the pointer on the Progressbar to jump to each story, and around the video.
Note2: You might have to scroll the windows down 1/2 inch to capture the full video.
  1. Headlines
  2. Hundreds Dead in Mexico After Earthquake Strikes on Anniversary of Devastating 1985 Quake
  3. Hurricane Maria Strikes Puerto Rico, Threatening to Be Most Catastrophic Storm in a Century
  4. Senate Republicans Scramble to Secure Votes for Last-Ditch Effort to Repeal Affordable Care Act
  5. Advocates Warn All Rohingya May Be Driven Out of Burma If Military's Ethnic Cleansing Continues
  6. Cuban Lawyer Slams Trump as "Enemy to Most of the World" as He Vows Not to Lift Sanctions
*Phyllis Bennis -> Trump's Threat to 'Totally Destroy' North Korea is Illegal | TRNN | 09/19/17 | 23:21
US Increases Military Budget By $80 Billion | TYT | 09/19/17 | 8:03
Trump Saw France's Military Parade And Now He Wants One | TYT | 09/19/17 | 8:18
The United Nations Without The United States | 1a.org | 09/20/17 | 1hr
President Donald Trump addressed the world Tuesday morning from the United Nations General Assembly, an organization he has criticized in the past.

As expected, the remarks echoed the president's nationalist platform. At the podium, he reminded world leaders, "I will always put America first just like you, the leaders of your countries, should put your countries first." The president called the Iran nuclear deal "embarrassing" and threatened to "totally destroy" North Korea "if forced."
Lawrence: Why Donald Trump's UN Speech Worst, Most Dangerous In History | MSNBC Last Word | 09/19/17 | 9:57
Joe: Once Again, GOP Trying To Pass Terrible Bill | MSNBC Morning Joe | 09/20/17 | 5:01
Minus Bombast, President Donald Trump UN Speech Proves Conventional | 09/20/17 | 11:05
Madeleine Albright: The Tone Of Donald Trump's Speech Was 'Really Bad' | 09/20/17 | 10:12
The Late Show with Stephen Colbert
Trump's UN Speech Advocates For Both Peace And Nuclear War | Stephen Colbert | 09/20/17 | 4:48
Kim Jong-Un Responds To Trump's 'Rocket Man' Nickname | Stephen Colbert | 09/20/17 | 1:24
The Daily Show with Trevor Noah
A Trumpian Debut at the United Nations | Trevor Noah | 09/18/17 | 7:50
Late Night with Seth Meyers
Manafort, Rocket Man and the New GOP Health Care Bill: A Closer Look | Seth Meyers | 09/19/17 | 11:43

Tuesday September 19, 2017

Trump Threatens To 'Totally Destroy' North Korea In 'America First' Speech At United Nations
HP | Marina Fang | 09/19/17

Trump also strongly indicated he would not renew the Iranian nuclear deal, in a forceful first speech before the international body.

President Donald Trump forcefully defended the United States and condemned North Korea and Iran in his first speech before the United Nations General Assembly, hailing "strong, sovereign nations" and urging fellow world leaders to "put your countries first," while trying to strike a cordial tone on the international alliances he had previously criticized.

"As president of the United States, I will always put America first," he said. "The United States will always be a great friend to the world and especially to its allies, but we can no longer be taken advantage of or enter into a one-sided deal in which the United States gets nothing in return." ... Read more

Scott Pruitt shifts on climate change: "How much do we contribute to it?"
Salon | Jarrett Lyons | 09/19/17

The head of the EPA says that humans may be responsible for climate change

On Fox News Tuesday morning, Environmental Protection Agency chief Scott Pruitt finally admitted that humans contributed to climate change, but is still skeptical about to the degree to which human activity affects the environment.

"No one questions that the climate changes. No one questions that we contribute to it in some way. That's not the question overall." Pruitt said in the interview. "The question is as we look as this issue, how much do we contribute to it, and what can we do about it," he said. ... Read more

Petro Dollar Breaking Down
*Why is the MSM (Finally) Reporting on the Petrodollar? | CorbettReport | older, but timely 01/01/16 | 17:09

New study: White people lack empathy across the socioeconomic spectrum
Salon | Sophia Tesfaye | 09/19/17

Apparent empathy gap among white Americans shows up on questions of both race and economics, study finds

Since the election of Donald Trump, the hunt to figure out what's the matter with White America has pitted racism against economic anxiety as if those things existed in separate and competing silos, forcing a narrow debate about the future of identity politics that seemingly goes nowhere. Instead of a post-racial America, two terms of America's first black president left many voters -- and a large majority of political pundits -- ill-equipped to discuss what it means to be white in America at precisely the time when whites have reasserted their collective identity in this nation. ... Read more

Democracy Now! U.S. and World News Headlines for Tuesday, September 19 [9:07]
Democracy Now! U.S. and World News Headlines for Tuesday, September 19 (FULL) | 59:02
Note: on the full 59:02 video look for small white (or black) circles on the Progressbar they denote the different news stories. You can move the pointer on the Progressbar to jump to each story, and around the video.
Note2: You might have to scroll the windows down 1/2 inch to capture the full video.
  1. Headlines
  2. Naomi Klein Warns Europe May Water Down Paris Accord to Win Support from Trump
  3. Naomi Klein: We Are Seeing the Shock Doctrine in Effect After Hurricanes Harvey & Irma
  4. No Is Not Enough: Naomi Klein on Bernie's Medicare-for-All Bill & Future of Democratic Party
*Col. Larry Wilkerson -> Trump a 'Diplomatic Fiasco' at the UN | TRNN | 09/18/17 | 22:22
*TRNN SPECIAL: Trump, The Koch Brothers and Their War on Climate Science | TRNN | 09/18/17 | 32:05
Keiser Report: RIP, Petrodollar? (E1121) | RT | 09/09/17 | 25:48
Former NYC Mayor Michael Bloomberg: Global Trade Will Help Boost Our Economy | 09/19/17 | 8:58
The Daily Show with Trevor Noah
Profiles in Tremendousness - Treasury Secretary Steve Mnuchin | 09/18/17 | 7:17

More News Menu

National Debt - TRILLIONS
*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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