Jun 08 2015 - News Jun 2015 - News - Occupy Banksters & Crony Capitalism & GREED

Monday June 08, 2015

News Articles

Deutsche Bank CEOs "Shown Door" -- World's Largest Holder of Derivatives In Trouble?
ZeroHedge | author | 06/08/15

The joint CEO's of Germany's largest bank, Deutsche Bank, the twelfth largest bank globally in terms of assets, unexpectedly announced their resignation over the weekend. Anshu Jain will resign at the end of this month, almost two years ahead of schedule while Juergan Fitschen will stay on until May of next year. It is believed they resigned but some media reported that the CEOs heads had "rolled", they were "shown the door" and Reuters reporting that Deutsche had "purged its leadership."

... In the past year Deutsche, like many international banks, have been found to have been engaged in a slew of corrupt practices from manipulation of interest rates, for which the firm was fined $2.5 billion in April, to tax evasion and money laundering to "mis-selling" of derivatives. Deutsche Bank's derivatives position is truly enormous. It was recently estimated to be around $54 trillion. Germany's GDP, the fourth largest in the world, was a mere $3.64 trillion in 2015. Were Deutsche Bank caught off-side in its derivatives positions there is not a government or institution on earth that could bail it out and it could lead to contagion in the German financial system and indeed in the global financial system. ...

Deutsche co-CEOs announce "resignation" nine months before their contracts expire

Only two weeks ago, CEO Anshu Jain was given more power to reorganise the bank
Deutsche have been engaged in money laundering, tax evasion, derivative and manipulation scandals
Deutsche is world's largest holder of financial weapons of mass destruction (FWMD)
Deutsche Bank's derivatives position almost 15 times as large as Germany's GDP
Announcement follows Greek failure to pay IMF on Friday and growing financial risk

The Derivative Bomb!

The Non-GAAP Revulsion Arrives: Experts Throw Up All Over "Made Up, Phony, Smoke And Mirrors" Numbers
ZeroHedge | author | 06/08/15

One of the recurring stories on Zero Hedge has been the increasingly more blatant fabrication of corporate bottom line "earnings" with the explicit blessing of both accountants and regulators, in the form of non-GAAP results. Our most recent observation conducted two months ago showed that the variation between GAAP and non-GAAP EPS has stretched to the widest degree since the financial crisis. ...

Key findings

Seventy-two percent of the companies reviewed by AP had adjusted profits that were higher than net income in the first quarter of this year. That's about the same as in the comparable period five years earlier, but the gap between the adjusted and net income figures has widened considerably: adjusted earnings were typically 16 percent higher than net income in the most recent period versus 9 percent five years ago.
For a smaller group of the companies reviewed, 21 percent of the total, adjusted profits soared 50 percent or more over net income. This was true of just 13 percent of the group in the same period five years ago.
Quarter after quarter, the differences between the adjusted and bottom-line figures are adding up. From 2010 through 2014, adjusted profits for the S&P 500 came in $583 billion higher than net income. It's as if each company in the S&P 500 got a check in the mail for an extra eight months of earnings.
Fifteen companies with adjusted profits actually had bottom-line losses over the five years. Investors have poured money into their stocks just the same.
Stocks are getting more expensive, meaning there could be a greater risk of stocks falling if the earnings figures being used to justify buying them are questionable. One measure of how richly priced stocks are suggests trouble. Three years ago, investors paid $13.50 for every dollar of adjusted profits for companies in the S&P 500 index, according to S&P Capital IQ. Now, they're paying nearly $18.

At one of every five companies, these "adjusted" profits were higher than net income by 50 percent or more. Many more companies are in that category now than there were five years ago.

Experts worry that 'phony numbers' are misleading investors
Yahoo & AP | Bernard Condon | 06/08/15

Those record profits that companies are reporting may not be all they're cracked up to be. As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

What's worse, the financial analysts who are supposed to fight corporate spin are often playing along. Instead of challenging the companies, they're largely passing along the rosy numbers in reports recommending stocks to investors. ... Read more

With Greece "Everything Must Go Right From Now On" To Avoid Market Shock
HP | author | 06/08/15

"A positive scenario requires almost everything to go right from now on," BofAML says, adding that "Greece needs to receive new funding before the end of June, otherwise it will not be able to repay the IMF on June 30 ... which would put ELA access of Greek banks at risk." ... Read more

More News

White House denies Obama said strong dollar a problem (Reuters)
Lira Falls to Record Amid Stock Rout as AK Party Loses Majority (BBG)
Bond-Market Game of Chicken With Fed Is Riskier Than Ever (BBG)
Xetra Dax enters correction territory (FT)
China trade shrinks amid slowing demand (FT)
Greek government eyes compromise with lenders, rules out snap polls (Reuters)
If You Think Greece's Crisis Will End Soon, Think Again (BBG)
China growth data 'overstated' due to data error (FT)
Calpers to Cut External Money Managers by Half (WSJ)

DemocracyNow - http://www.democracynow.org/

Democracy Now! U.S. and World News Headlines for Monday, June 08 [12:13]

*DN | From Historic California Drought to Deadly Indian Heatwave, Global Warming is Wreaking Havoc (06/08/15) [13:50]

*DN | A Fossil Fuel Free World is Possible (06/08/15) [14:55]

*DN | Protesters Press Secluded G7 Leaders on Harmful Policies, from Crippling Austerity to Dirty Coal (06/08/15) [19:05]

All Wars Are Bankers' Wars

*Original | All Wars Are Bankers' Wars by Michael Rivero () [41:21]
All Wars Are Bankers' Wars by Michael Rivero (full article)

UFOTVÂ® | All Wars Are Bankers Wars (newer, fancier graphics) (04/28/15) [45:21]

*JFK to 911 Everything Is A Rich Man's Trick (11/19/14) [3:27:55]

TRNN News - http://therealnews.com/

*TRNN | Cambridge University Professor Lord Martin Rees: Renewable Energy Can Be Competitive with Fossil Fuels by 2025, Says New Report (06/08/15) [6:16]

TYT News - http://www.tytnetwork.com/

*TYT | Work Hard? Jeb Bush Has A Plan For You & You're Not Gonna Like It (06/07/15) [4:42]

TYT | Investigation Proves TSA Screeners Are HORRIBLE At Their Jobs (06/07/15) [4:57]

TYT | Rick Santorum Disagrees With The Pope On Climate Change (06/07/15) [4:26]

RT - http://www.rt.com/

RT | Status Quo Act (06/08/15) [24:15]

RT | Keiser Report: UK Property Puzzle (E767) (06/07/15) [24:45]

Ring of Fire - http://ringoffireradio.com/

Thom Hartmann - www.thomhartmann.com/

ThomHartmann | Bernie Sanders: I Won't Give the TPP Credibility... (06/06/15) [2:29]

ThomHartmann | Brunch with Bernie: (06/05/15) [44:33]

Bernie Sanders: Not Enough Democratic Debates... (06/05/15) [3:33]

Megyn Kelly Jill and Jessa Duggar sisters Full Interview - The Kelly File (06/05/15) [28:12]

06.08.2015. 10:57

NPR

PBS

Special Interest Important stuff

GOOD Shorts Videos

Note: To view a video, click on code at left of the title

I'm still working on this

GOOD Short Videos

Newer Documentaries You Might Not Have Seen

Note: To view a video, click on code at left of the title

I'm still working on this

Newer Documentaries

Documentaries You've Never Seen

Note: To view a video, click on code at left of the title

Documentaries (small | pop-up)
Documentaries (big | full screen)

Good YouTube Documentaries

Note: To view a video, click on its name/title

Great YouTube Docs. (small | pop-up)
Good YouTube Docs. (big | full screen)

Lindsey Graham Mashups

Lindsey Graham

Sen. Lindsey Graham (R-SC) said the quiet part aloud on why he’s still so close to former President Donald Trump: because we can use him for our goals. "President Trump has gotten people who wouldn't give me or Romney or anybody else the time of day. They believe he is on their side," the senator told the America First Agenda Summit crowd on Tuesday in Washington, D.C.

Or click here for a tablet or a small screen device

Environment & Climate Change

Environment

The term "climate change" is often used to refer specifically to anthropogenic climate change (also known as global warming). Anthropogenic climate change is caused by human activity, as opposed to changes in climate that may have resulted as part of Earth's natural processes.

Or click here for a tablet or a small screen device

AI - Artificial Intelligence | Machine Learning | Deep Learning

AI - Artificial Intelligence

AIArtificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.

The term "artificial intelligence" had previously been used to describe machines that mimic and display "human" cognitive skills that are associated with the human mind, such as "learning" and "problem-solving". This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.
Or click here for a tablet or a small screen device

Quantum mechanics | AI - Artificial Intelligence

Quantum mechanics

Quantum mechanics is a fundamental theory in physics that provides a description of the physical properties of nature at the scale of atoms and subatomic particles. It is the foundation of all quantum physics including quantum chemistry, quantum field theory, quantum technology, and quantum information science.
Classical physics, the collection of theories that existed before the advent of quantum mechanics, describes many aspects of nature at an ordinary (macroscopic) scale, but is not sufficient for describing them at small (atomic and subatomic) scales. Most theories in classical physics can be derived from quantum mechanics as an approximation valid at large (macroscopic) scale.
Or click here for a tablet or a small screen device

Economy, Wall Street and Banksters

Wall Street and Banksters

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York-based financial interests.

Or click here for a tablet or a small screen device

Intelligence Agencies/Deep State?

Intelligence Agencies/Deep State?

An intelligence agency is a government agency responsible for the collection, analysis, and exploitation of information in support of law enforcement, national security, military, and foreign policy objectives. Means of information gathering are both overt and covert and may include espionage, communication interception, cryptanalysis,.

Or click here for a tablet or a small screen device

Daniel Ellsberg | Pentagon Papers

Daniel Ellsberg

Daniel Ellsberg and Paul Jay explore Ellsberg's latest book, The Doomsday Machine: Confessions of a Nuclear War Planner. In the introduction to the book, Ellsberg writes: "No policies in human history have more deserved to be recognized as immoral or insane. The story of how this calamitous predicament came about and how and why it has persisted over a half a century is a chronicle of human madness".

Or click here for a tablet or a small screen device

Nukes

Nukes

Nuclear weapons have come a long way and come in all types of different sizes. Some are relatively small while others are enormous, so big they boggle the mind at what they can be capable of, i.e. the Soviet 'Tsar Bomba' is/was 3,000 times greater than the Hiroshima bomb.

Or click here for a tablet or a small screen device

Rana Foroohar and Fall of American Business

Rana Foroohar

Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of "Makers and Takers" says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs.

Or click here for a tablet or a small screen device

The Untold History of the United States by Oliver Stone & Petere Kuznick

The Untold History of the United States by Oliver Stone & Petere Kuznick | 2014 | 10 Episodes

Oliver Stone and American University historian Peter J. Kuznick began working on the project in 2008. Stone, Kuznick and British screenwriter Matt Graham cowrote the script. It covers "the reasons behind the Cold War with the Soviet Union, U.S. President Harry Truman's decision to drop the atomic bomb on Japan, and changes in America's global role since the fall of Communism." Stone is the director and narrator of all ten episodes.

Or click here for a tablet or a small screen device

Kuznick Interviews

Kuznick Interviews

Historian Peter Kuznick says Eisenhower called for decreased militarization, then Dulles reversed the policy; the Soviets tried to end the cold war after the death of Stalin; crazy schemes involving nuclear weapons and the Bay of Pigs invasion of Cuba put the world of the eve of destruction - with host Paul Jay

The Untold History of the United States by Kuznick, Peter.mobi | Book | 6.99 MB

Or click here for a tablet or a small screen device

China Valley of Tunnels

China Valley of Tunnels

A report written by a Georgetown University team led by Phillip Karber conducted a three-year study to map out China’s complex tunnel system, which stretches 5,000 km (3,000 miles). The report determined that the stated Chinese nuclear arsenal is understated and as many as 3,000 nuclear warheads may be stored in the underground tunnel network.

Or click here for a tablet or a small screen device

911

911

On September 11, 2001, 19 terrorists attacked the Unites States. They hijacked four airplanes in mid-flight. The terrorists flew two of the planes into two skyscrapers at the World Trade Center in New York City. The impact caused the buildings to catch fire and collapse. Another plane destroyed part of the Pentagon (the U.S. military headquarters) in Arlington, Virginia. The fourth plane crashed in Shanksville, Pennsylvania. Officials believe that the terrorists on that plane intended to destroy either the White House or the U.S. Capitol. Passengers on the plane fought the terrorists and prevented them from reaching their goal. In all, nearly 3,000 people were killed in the 9/11 attacks.

Or click here for a tablet or a small screen device

The Vietnam War

The Vietnam War

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.

Or click here for a tablet or a small screen device

Trump's Mashups

Trump's Mashups

Donald Trump talks a lot, but what is he actually saying? VICE News' "Trump Talk" mashup series tries to answer that. And, we're happy to say, it was just nominated for two Webby Awards. Now you can watch all the nominated videos.

Or click here for a tablet or a small screen device

Trump's Sexcapades

Trump's Sexcapades.

Jessica Leeds (1980s)
Kristin Anderson (1990s)
E. Jean Carroll (1995 or 1996)
Lisa Boyne (1996)
Cathy Heller (1997)
Temple Taggart McDowell (1997)
Karena Virginia (1998)
Mindy McGillivray (2003)
Jennifer Murphy (2005)
Rachel Crooks (2005)
Natasha Stoynoff (2005)
Juliet Huddy (2005 or 2006)
Jessica Drake (2006)
Ninni Laaksonen (2006)
Cassandra Searles (2013)
Allegations of pageant dressing room visits(1997)
Mariah Billado,
Victoria Hughes,
and three other Miss Teen USA contestants
Bridget Sullivan (2000)
Tasha Dixon (2001)
Unnamed contestants (2001)
Samantha Holvey (2006)

Or click here for a tablet or a small screen device

Trump's Speeches | Rallys |Interviews

Trump's Speeches | Rallys

Donald Trump talks a lot, but what is he actually saying? Watch Trump at some of his rallys and see what you think.

Or click here for a tablet or a small screen device

Occupy Banksters & Crony Capitalism & GREED

Sponsors

Donation