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 August 24, 2016
News Articles
Todays Headlines at HP
QUAKE ROCKS CENTRAL ITALY... 'THE TOWN IS NOT THERE ANY MORE' ... Dozens Dead... Thousands Left Homeless... Hospital Badly Damaged, Patients Moved Into The Street... 60 Aftershocks, Tremors Felt As Far Away As Rome... 'This Is A Catastrophe'...
Earthquake strikes central Italy, shocks felt in Rome and Venice (08/24/16) [4:29]

*Donald Trump Jacked Up His Campaign's Trump Tower Rent Once Somebody Else Was Paying It
HP | S.V. Date | 08/22/16

Trump nearly quintupled the monthly rent his presidential campaign pays for its headquarters at Trump Tower to $169,758 in July, when he was raising funds from donors, compared with March, when he was self-funding his campaign, according to a Huffington Post review of Federal Election Commission filings. The rent jumped even though he was paying fewer staff in July than he did in March.

The Trump campaign paid Trump Tower Commercial LLC $35,458 in March ? the same amount it had been paying since last summer ? and had 197 paid employees and consultants. In July, it paid 172 employees and consultants. ... Read more
TYT | How Donald Trump Funnels Campaign Donations Into His Pocket (08/23/16) [8:18]

AP: More Than Half Of Clinton's Non-Government Visitors At State Gave To Foundation
AP | author | 08/24/16

More than half the people outside the government who met with Hillary Clinton while she was secretary of state gave money -- either personally or through companies or groups -- to the Clinton Foundation. It's an extraordinary proportion indicating her possible ethics challenges if elected president.

At least 85 of 154 people from private interests who met or had phone conversations scheduled with Clinton while she led the State Department donated to her family charity or pledged commitments to its international programs, according to a review of State Department calendars released so far to The Associated Press. Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million. ... Read more

*Global Empire - The World According to Seymour Hersh, Part 1 (08/10/16) [30:31]
What the Bush Family Knew, Before they Bought Land in Paraguay
What the Bush Family Knew, Before they Bought Land in South America above the World's Largest Aquifer. | 50kview.blogspot.com | L.J. Devon | 07/19/14
The Ogallala aquifer, in the center of the U.S., has been used up at an unsustainable pace since the early 1980s when big agriculture began using automated center pivot irrigation devices. Once farmers started putting these devices into widespread use, the Ogallala became a center for abuse, precipitously drained year after year. The Ogallala is unique; it cannot be replenished by surface water or precipitation. When it's used up, there's no more water to go around.
Why Did George Bush Buy Nearly 300,000 acres in Paraguay? | agorafinancial.com | Brian Maher | 04/24/15
Bush Family Buy Up Guarani Aquifer | watchingamerica.com | Jenny Westwell | 06/18/15
Confessions of an Economic Hit Man
Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012) [1:13:54]
Audio Book | Confessions of an Economic Hit Man by John Perkins (02/24/16) [11:04:30]

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop."

According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:

Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.

The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.

In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy. -- November 4, 2004 interview

I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed -- well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.

Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book: "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn, holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong". For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000 Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500 the current ratio is 114 corporations in the top 200 global economies.)
Great Chinese Crash
*BBC | The Great Chinese Crash (2016) [27:20]
Click picture to zoom in

Space Weather Conditions
Click picture to zoom in
Space Weather Conditions - Estimated Planetary K-Index
NOAA | Space Weather Prediction Center website
Democracy Now! U.S. and World News Headlines for Wednesday, August 24 [13:23]
DN | Inaction on Climate Change Could Cost Millennials $8.8 Trillion in Lifetime Income (08/24/16) [6:18]
A new study has found that without action on climate change, the millennial generation as a whole will lose nearly $8.8 trillion in lifetime income dealing with the economic, health and environmental impacts of climate change. The study, "The Price Tag of Being Young: Climate Change and Millennials' Economic Future," was produced by NextGen Climate and Demos.
Nextgen Climate & Demos Release New Report on the Costs of Climate Change to Millennials website
The Price Tag of Being Young.pdf
DN | Embracing the Alt-Right: New Trump Campaign Chief "Created an Online Haven for White Nationalists" (08/24/16) [12:19]
*TRNN | Bill Curry says: The Real Scandal of Clinton's Emails: Conducting Foreign Policy In Secret (08/24/16) [18:35]
TRNN | Political economist Aleksandr BuzgalinHow: Ukrainian and Russian Elite Benefit From New Flare-ups at the Border (08/24/16) [10:00]
*TYT | MORE Leaked Hillary Emails Show Troubling Pattern With Clinton Foundation (08/23/16) [16:43]
TYT | Eric Trump Blames Stagnant Wages On Refugees (08/23/16) [3:04]
TYT | Donald Trump And Morning Joe Call Each Other Drunks (08/23/16) [7:33]
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Why Does Trump Wants A Police State? (08/24/16) [11:29]
Note: sometimes I have to post my News Page before all the links are available. This happens most noteably for the Diane Rehm Show. If the pop-up links don't work, just go to The Diane Show website and click the links there.
*DR | Questions About Hillary Clinton's Newly Uncovered Emails (08/24/16) [1hr]
Last October Bernie Sanders said the American people were sick and tired of hearing about Hillary Clinton's emails, but like it or not the story is far from over. The FBI found nearly fifteen thousand Clinton emails beyond the ones turned over to the State Department previously. The Department is now going through these emails, and a federal judge has ordered it to speed up their release. A conservative watchdog group this week separately released some emails that show big donors to the Clinton Foundation seeking access to Clinton when she was Secretary of State. Join us to talk about what we know and don't know about Clinton's emails.
*DR | Update On The Italy Earthquake (08/24/16) [1hr]
Deborah Ball, the Italy bureau chief for The Wall Street Journal, gives us the latest on Tuesday night's deadly 6.2 magnitude earthquake north of Rome.
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
MSNBC - Maddow/Hayes - www.msnbc.com/

Tuesday Aug 23, 2016
News Articles

Yemen Civil War (2011-201?)
globalsecurity.org | author | date

By early 2015, Yemen was pretty much a failed state, beset by a circular firing squad of factions. Besides a local struggle for power, the Yemen conflict is widely viewed as a proxy war between Sunni Saudi Arabia and Shia Iran. Yemen was wracked by internal divisions as the Houthi movement spread beyond its traditional rebellion in the north, separatists continue to press their cause in the south, and al-Qaida in the Arabian Peninsula claims attacks both at home and abroad, including on the satirical magazine Charlie Hebdo in Paris earlier in January 2015.

... On February 25, the European Parliament adopted a resolution calling for an arms embargo against Saudi Arabia due to its operation in Yemen, passing by 359 to 212 votes. However, the European Parliament vote doesn't compel every member state to act. The European Parliament resolution of February 25, 2016 on the humanitarian crisis in Yemen refers to "grave concerns" over the deterioration of the situation on the ground. ... Read more

In January 2016 the Syrian Center for Policy Research (SCPR) reported that 470,000 deaths had been caused by the conflict in Syria, either directly or indirectly. This represents a dramatic increase from the total of 250,000 fatalities attributed to the UN in news reports in recent years. But the UN Office of the High Commissioner for Human Rights stopped updating the death toll from Syria's civil war in January 2014.
TYT | Gary Johnson Interview With Cenk Uygur Of The Young Turks (08/22/16) [15:37]
TYT | Jill Stein On Why Trump AND Clinton Are Dangerous (08/18/16) [10:11]

U.S. Army fudged its accounts by trillions of dollars, auditor finds
Reuters | author | 08/19/16

The United States Army's finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

The Defense Department's Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up. ... Read more
TYT | Army Accounting Off By TRILLIONS Audit Reveals (08/22/16) [9:10]

An audit shows that the US Army accounting books are a little off...by a couple trillion dollars. Cenk Uygur, John Iadarola, Jimmy Dore, and Ryan Clayton, hosts of The Young Turks, break it down.

"It's Gone" - Why Foreign Demand For US Treasuries Has Disappeared
ZeroHedge | author | 08/23/16

Something significant has happened in recent months: buying 10-yr US treasuries is no longer profitable. It is not only Europeans or Japanese, there now isn't any global fixed income investor that can make decent money by buying hedged USTs. ... Read more

Ecology and Socialism: Solutions to Capitalist Ecological Crisis by Chris Williams

Around the world, consciousness of the threat to our environment is growing. The majority of solutions on offer, from using efficient light bulbs to biking to work, focus on individual lifestyle changes, yet the scale of the crisis requires far deeper adjustments. Ecology and Socialism argues that time still remains to save humanity and the planet, but only by building social movements for environmental justice that can demand qualitative changes in our economy, workplaces, and infrastructure.

"Williams adds a new and vigorous voice to the growing awareness that, yes, it is our capitalist system that is ruining the natural foundation of our civilization and threatening the very idea of a future. I am particularly impressed by the way he develops a clear and powerful argument for an ecological socialism directly from the actual ground of struggle, whether against climate change, systematic poisoning from pollution, or the choking stream of garbage. Ecology and Socialism is a notable addition to the growing movement to save our planet from death-dealing capitalism."

Germany Warns People To 'Stockpile' Cash In Case Of 'War'
ZeroHedge | author | 08/23/16

The German government is warning its people to 'stockpile' food, water and cash in case of 'war'. For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or "national emergency", the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday. ... Read more

Central Banks Are Terrified... But of What?
ZeroHedge | author | 08/23/16

If the recovery is real and as strong as the "data" suggests... why are Central Banks engaged in the most aggressive stimulus in history?

According to the official data, the EU's Services and Manufacturing PMI's were 53.1 and 51.8 in August. Both were significantly above 50 (which represents contraction)... Moreover, the EU's inflation rate has risen over 0.4% in four months, rising from -0.2% in April to 0.2% today. And yet, despite this data, the ECB continues to hold interest rates at -0.4% while also spending €80 billion per month in QE (the equivalent of $90 billion). At this pace, the ECB will spend nearly €1 TRILLION IN QE PER YEAR. ... Read more

Democracy Now! U.S. and World News Headlines for Tuesday, August 23 [12:43]
*DN | "This is Our War & It is Shameful:" Journalist Andrew Cockburn on the U.S. Role in the War in Yemen (08/22/16) [20:30]
*DN | As Kerry Plans to Visit Saudi Arabia, Activists & NGOs Demand U.S. Stop Funding War Crimes in Yemen (08/22/16) [11:04]
Click picture to zoom in
TRNN | Time is Running Out - Help Us Expose the Koch Brothers' War on Climate Science (08/03/16) [4:41]
Investigative journalist Bruce Livesey has teamed up with TRNN to make a documentary to expose the Koch brothers' war on the environment and their plan to influence the 2016 elections - and we need your help. Please make a donation today.
TRNN | Professor Chris Williams and actress Emma Thompson discuss the threats of seismic testing and drilling for oil in the Arctic (08/23/16) [17:18]
*TRNN | Saudi Arabia Bombing Yemen To Quell Demonstrations for Democracy (08/23/16) [18:31]
TYT | Donald Trump Wants To Film "The Apprentice" From White House (08/22/16) [9:09]
RT | Keiser Report: Why politicians should follow Mozart's lead? (E956) (08/20/16) [25:45]
Max and Stacy ask why politicians don't take a cue from Mozart and start composing policy for everybody rather than just for the elite. In the second half they continue their conversation with fracking advocate, Nick Grealy of London Local Energy about his belief that natural gas, even of the fracked variety, is a more environmentally friendly source of energy than most others.
RT | Keiser Report: Cryptocurrency Drama (E957) (08/23/16) [24:41]
Max and Stacy discuss the Venezuela in the capital markets. In the second half they talk to Simon Dixon of BnkToTheFuture.com about the crypto-novela playing out with much drama in the crypto-currency space.
Thom Hartmann - www.thomhartmann.com/
ThomHartmann | Libertarians: Pro-Corporate & Pro-Billionaire Ideology… (08/23/16) [12:06]
Note: sometimes I have to post my News Page before all the links are available. This happens most noteably for the Diane Rehm Show. If the pop-up links don't work, just go to The Diane Show website and click the links there.
*DR | As Zika Spreads, Tough Choices For Pregnant Women And The Search For A Vaccine (08/23/16) [1hr]
The Centers for Disease Control's travel warning for the Zika virus expanded four days ago -- to another neighborhood of Miami. And experts say the virus likely isn't done spreading. Most at risk: Gulf coast areas like Louisiana, still overrun by standing water after historic flooding, and Texas, vulnerable to infected mosquitoes because of its hot climate. Zika's threat has ignited conversations for families who are pregnant and those who hope to become pregnant, including a new debate around reproductive healthcare and abortion. Meanwhile, new vaccines are moving through early-stage trials at a rapid pace, but how quickly they come to market could hinge on funding woes in congress. Where Zika is headed -- and how we're treating it.
*DR | Why We Open Our Hearts And Wallets For Some Disasters -- But Not Others (08/23/16) [1hr]
President Obama visits Baton Rouge today. Flooding there killed 13 people and hit tens of thousands of homes. Clean-up is underway, but the challenge is profound: dozens of state highways remain closed, vast acres of crops are a 100% loss and thousands of people still can't return to their homes. Those who can confront mountains of mud and debris, but some say news of the devastation was slow to reach the rest of the country and there are concerns that the national response may fall far short of the true need. Join us to talk about the crisis in Baton Rouge, the disasters we pay attention to, those we don't and why.
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
MSNBC - Maddow/Hayes - www.msnbc.com/
Other Videos
PBS NOVA | The World's Strongest Material () [55:43]

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. 
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