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).

Wednesday May 24, 2017

Mick Mulvaney tries to sell Trump's draconian budget cuts as an act of "compassion" for the rich -- and even Republicans don't buy it
Salon | Sophia Tesfaye | 05/23/17

The White House delivered President Donald Trump's first full budget to Congress on Tuesday, and Office of Management and Budget (OMB) director Mick Mulvaney promptly tried to spin $4.1 trillion in proposed cuts to social services as an act of "compassion" for wealthy taxpayers. Yet Mulvaney, a former South Carolina congressman, apparently has little sway over his old Republican colleagues in the Senate, as many of them came out swinging against Trump's budget proposal only hours later.

"Terrible," is how Republican Sen. Lindsey Graham described Trump's proposed 2018 federal budget to reporters on Capitol Hill on Tuesday. The sales pitch Mulvaney provided at a White House press briefing earlier evidently did little to impress his fellow South Carolina Republican, as Graham went on to blast Trump's proposed 29 percent decrease in funding to the State Department and USAID as "a lot of Benghazis in the making if we actually implemented the State Department cuts." ... Read more

"A whole lot of dumb"

Trump's Alleged Obstruction Of Justice Keeps Getting Worse
WashingtonPost | author | 05/23/17

Trump appears to be handing the FBI new obstruction charges left and right, on silver platters. "President Trump asked two of the nation's top intelligence officials in March to help him push back against an FBI investigation into possible coordination between his campaign and the Russian government, according to current and former officials.

Trump made separate appeals to the director of national intelligence, Daniel Coats, and to Adm. Michael S. Rogers, the director of the National Security Agency, urging them to publicly deny the existence of any evidence of collusion during the 2016 election.

Coats and Rogers refused to comply with the requests, which they both deemed to be inappropriate, according to two current and two former officials, who spoke on the condition of anonymity to discuss private communications with the president. ... Read more
Trump's Alleged Obstruction Of Justice Keeps Getting Worse | TYT | 05/23/17 | 9:10

Al Franken Breaks Down Trump's Health Care Scam
Al Franken Breaks Down Trump's Health Care Scam | 05/23/17 | 27:08

Sean Hannity Clams Up On Live TV As His Conspiracy Theory Falls Apart
HP | Rebecca Shapiro | 05/24/17

Sean Hannity kicked off his Tuesday night show on Fox News by telling his audience that he will not discuss Seth Rich's death "for now," an announcement he teased hours before going on air. ...

.... He continued, "Out of respect for the family's wishes, for now, I am not discussing this matter at this time."

Then he went right into a rant about the "conspiracy" involving the Democrats and the media linking Russia to the Trump campaign. ... Read more
Sean Hannity Clams Up On Live TV As His Conspiracy Theory Falls Apart | Fox News | 05/23/17 | 7:49

Keith Olbermann
So, What About Those Oval Office Tapes? (#78) | Keith Olbermann | 05/23/17 | 9:30
Democracy Now! U.S. and World News Headlines for Wednesday, May 24 [10:30]
Democracy Now! U.S. and World News Headlines forWednesday, May 24 (FULL) | 59:02
Note: on the full 59:02 video look for small white 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.
  1. Headlines
  2. Economist Joseph Stiglitz: Trump's Budget Takes a Sledgehammer to What Remains of the American Dream
  3. Rep. Al Green to Draft Articles of Impeachment Against Trump, Citing Obstruction of Justice
  4. Texas Rep. Al Green Faces Threats of Lynching & Murder After Calling for Trump's Impeachment
  5. More Than 1.1 Million Sign Petition Supporting Impeachment of Trump
  6. Tariq Ali: Manchester Bombing is Part of Vicious Cycle, Likely Blowback from Ongoing War on Terror
**Economist Joseph Stiglitz: Trump's Budget Takes a Sledgehammer to What Remains of the American Dream | DN | 05/24/17 | 10:30
Ex-CIA Head On Manchester Bombing: Thanks Obama! | TYT | 05/23/17 | 5:23
**Medical Company Lies About Obamacare To Boost Profits | TYT | 05/23/17 | 11:43
Inside Story - Was Trump convincing in Saudi Arabia? | Aljazeera | 05/22/17 | 25:05
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
Bannon's War | PBS Frontline | 04/26/17 | 54:47
John Brennan Saw Pattern Of Russian Op In Trump Campaign Interactions | MSNBC Rachel Maddow | 05/23/17 | 21:19
Joe: You Can Start Calling Russia Investigation A Scandal | MSNBC Morning Joe | 05/23/17 | 7:35
President Trump's Attorney Marc Kasowitz Represents Russian State-Owned Bank | MSNBC Morning Joe | 05/24/17 | 8:11
Outspoken Pope Francis Meets Outspoken President Trump | MSNBC Morning Joe | 05/24/17 | 7:18
Fmr. West Wing Staffers React To Donald Trump's Whirlwind Week | MSNBC Meet the Press | older, 05/19/17 | 7:52
Stephen Has An Unpopular Opinion On Trump's Budget | Stephen Colbert | 05/24/17 | 5:45
Stephen Stages A Twitter-vention For Trump | Stephen Colbert | 05/24/17 | 2:51

Tuesday May 23, 2017

Trump Seeks Historic $3.6 Trillion In Spending Cuts, Including Selling Half The US Strategic Oil Reserve
ZeroHEdge | author | 05/23/17

More details of President Donald Trump's first budget proposal were reported Monday by Bloomberg and Reuters. The leaks add to the picture of what we know about Trump's budget, which also includes a flurry of leaks published by The Washington Post, the Associated Press and Bloomberg late Sunday, which fleshed out Trump's plans to slash entitlement spending.

In total, the budget plans to trim $3.6 trillion in spending over 10 years across all discretionary spending and non-discretionary spending lines, in order to enable tax reductions across the board: if enacted - and remember that the president's budget is just an initial blueprint which rarely passes in its original form - the Trump administration would implement the deepest cuts to government programs in a generation, delivering the opening salvo in a new round of budget battles in Washington.="http://www.zerohedge.com/news/2017-05-23/more-trump-budget-details-200-billion-infrastructure-25-billion-paid-family-leave" ... Read more

The double count: Trump budget includes $2 trillion accounting gimmick
Salon | Matthew Rozsa | 05/23/17

Trump's budget gurus claim that the same $2.06 trillion will pay for both deficit reduction and tax reform

President Donald Trump's new budget seems to have a $2.06 trillion error. That is, it claims that the same $2.06 trillion can be used to both reduce the budget deficit and simultaneously pay for Trump’s proposed tax cuts, according to a report by Axios. When confronted about this during a press conference on Tuesday, Office of Management and Budget Director Mick Mulvaney argued that the administration "did [the double count] on purpose... I'm aware of the criticisms and would simply come back and say there's other places where we were probably overly conservative in our accounting. We stand by the numbers."

Economists interviewed by the Los Angeles Times seem to agree that Trump's figures are absurd. A senior vice president for the Committee for a Responsible Federal Budget named told the Times that “you can't use the same money twice.” Lawrence Summers, who served in economic policy positions for Presidents Bill Clinton and Barack Obama, referred to the double-counting as an "egregious accounting error." ... Read more

Terror Strikes At Ariana Grande Concert, Leaving 22 Dead
HP | Mollie Reilly | 05/22/17

Moments after Ariana Grande finished performing her 2016 hit single "Dangerous Woman" Monday, a loud blast jarred thousands of British fans cheering the American pop star at the Manchester Arena.

Concertgoers, many of them Grande's young fans and their friends, parents and grandparents, scrambled to evacuate the enormous concert hall, filling the arena with screams. Some were still clutching pink balloons that had dropped from the rafters during Grande's encore. ... Read more

Inside Story - Was Trump convincing in Saudi Arabia? | Aljazeera | 05/22/17 | 25:05
Keith Olbermann
This is How Low the Trump Apologists Will Stoop (#77) | Keith Olbermann | 05/22/17 | 9:37
Democracy Now! U.S. and World News Headlines for Tuesday, May 23 [11:56]
Democracy Now! U.S. and World News Headlines for Tuesday, May 23 (FULL) | 59:02
Note: on the full 59:02 video look for small white 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.
  1. Headlines
  2. As Last Confederate Statue Is Removed in New Orleans, Will School Names & Street Signs Follow?
  3. Palestinian Hunger Strikers in Israeli Jails Protest Trump's Visit to Israel
  4. What Impact Will the Manchester Bombing Have on Israel-Palestine Peace Process?
  5. U.S. Extends Temporary Protected Status for Haitians, But Will Mass Deportations Follow in 6 Months?
  6. NYC Councilmember Defends Puerto Rican Day Parade Honoring Oscar López Rivera
John Pilger: Julian Assange is Cleared of Rape Charges, but Far From Free | TRNN | 05/22/17 | 16:16
Ali Abunimah of The Electronic Intifada says -> Trump's Mideast 'Peace Opportunity' Ignores Palestinian Rights & Threatens Iran | TRNN | 05/22/17 | 17:32
Record Iran Vote Turnout Gives Rouhani a Big Mandate | TRNN | 05/22/17 | 12:17
Trump Investigation Going "Quicker" And "Deeper" Than Expected | TYT | 05/22/17 | 5:20
Trump's Commerce Secretary: Saudi King So Great Nobody Even Protests! | TYT | 05/22/17 | 4:49
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
Malcolm Nance: Donald Trump And U.S. Seen As Clown Show | MSNBC AM Joy | 05/22/17 | 13:03
Stephen Colbert
Orbs And Swords: Trump's Weekend In Saudi Arabia | Stephen Colbert | 05/23/17 | 8:35
Trump's Israel Visit Aims To Promote Lasting 'Peach' | Stephen Colbert | 05/23/17 | 4:00
Rachel Maddow Wonders Why Bannon And Priebus Went Home Early | Stephen Colbert | 05/23/17 | 8:05
The Daily Show with Trevor Noah
So Much News, So Little Time - Protester Attacks & Trump-Russia Bombshells | The Daily Show | 05/18/17 | 10:53

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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