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).

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

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 (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
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

Monday May 22, 2017

Trump's Budget Will Slash $1.7 Trillion In Entitlements, Cut Food Stamps By 25%
ZeroHedge | author | 05/22/17

More details from President Donald Trump's first budget proposal are trickling out via a flurry of overnight reports from The Washington Post, Associated Press and Bloomberg News.

  1. The budget will slash $1.7 trillion in spending on entitlement programs, according to Bloomberg.
  2. Trump's budget will include a massive nearly $200 billion cut to the Supplemental Nutrition Assistance Program, the modern version of food stamps, over the next 10 years -- what amounts to a 25% reduction, according to The Washington Post.
  3. The food stamp cuts are part of a broader $274 billion welfare-reform effort, according to a report by The Associated Press.
  4. The budget calls for about $800 billion in cuts to Medicaid for fiscal year 2018, WaPo reported.
  5. The budget also calls for $2.6 billion in border security spending, $1.6 billion of which will be earmarked for Trump's proposed wall along the U.S.'s southern border.
  6. The budget is also expected to propose major domestic discretionary spending cuts - an earlier version of the budget called for $54 billion in such cuts next year alone.
Read more

Salon | Heather Digby Parton | 05/22/17

While the president exhausts himself on a brief overseas trip, his team drops the worst budget proposal ever

President Donald Trump is exhausted. At least that's what an aide told the press as an explanation for why he used the word "Islamic" rather than "Islamist" in his big speech in Saudi Arabia and ended up offending his hosts. After the speech, Trump canceled his appearance at the Tweeps Forum and had his daughter fill in for him. He did manage to handle a weird glowing orb and swayed along with a traditional all-male sword dance along with Secretary of Commerce Wilbur Ross, Secretary of State Rex Tillerson and White House adviser Steve Bannon on the first night but none of that looked very arduous. And the team brought home a major arms deal, with presidential son-in-law Jared Kushner arranging a nice discount for the wealthy Saudi government which will undoubtedly give the war in Yemen a big boost. But the administration didn't come away empty by any means: Read more

Escalating probes rattle Trump and his aides
Politico | Josh Dawsey | 05/22/17

While Trump's foreign trip may lift his spirits, the president can't escape the intensifying investigations he's facing at home.

President Donald Trump seemed rattled before he left Washington Friday afternoon, two people who spoke with him last week said, as he wondered aloud how much investigations into Russia's involvement in the 2016 election might damage his presidency.

One adviser said Trump said in a conversation last week that he felt that "there are a lot of people out to get him," musing that he should not have attacked the intelligence community so vociferously. An administration official who spoke to the president said he "seemed down more than angry," even though Trump defiantly tweeted that he was facing a "witch hunt." ... Read more

Roger Stone On Trump's Saudi Award: 'Makes Me Want To Puke'
HP | Mary Papenfuss | 05/21/17

Trump "should have demanded Saudis pay for 9/11," the president's confidant argued.

Longtime Donald Trump pal and former campaign adviser Roger Stone says seeing the president receive an award from Saudi Arabia's King Salman "makes me want to puke."

Stone, like many other conservative Trump backers, believes the president may be softening his hard-line stand against Islamic terrorism. ... Read more

Breitbart Leaks Audio Of Paul Ryan Trashing Trump | TYT | older, I missed it | 15:00
More News
  1. Trump Arrives in Israel, May Show His Cards on the Peace Process (BBG)
  2. Taxes, Budget Are Focus for White House Despite Probes (WSJ)
  3. Paul Manafort's Lucrative Ukraine Years Are Central to the Russia Probe (BBG)
  4. Ford set to fire CEO Mark Fields as shares founder (Reuters)
  5. Producers Set to Extend Cuts as Rally Stalls: OPEC Reality Check (BBG)
Democracy Now! U.S. and World News Headlines forMonday, May 22 [13:17]
Democracy Now! U.S. and World News Headlines for Monday, May 22 (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. Medea Benjamin: Congress Should Halt Trump's $110B Arms Deal over Saudi Atrocities in Yemen & Region
  3. As Iranian Voters Reject Hardliner, Trump Embraces Saudi Monarch & Vows to Isolate Iran
  4. "I Could Have Died": Protesters Detail Violent Attack by Turkish President Erdogan's Guards in D.C.
*Moscow based journalist Jeffrey Taylor -> Is Russia the 'Adversary' of the United States? | TRNN | 05/19/17 | 22:46
*Economist and attorney James Henry analyzes -> Collusion is the Focus, But Trump Finances May Have More Answers | TRNN | 05/21/17 | 12:20
Medea Benjamin, co-founder of Code Pink discusses -> Trump in Saudi Arabia: More U.S. Weapons for Devastating Yemen War | TRNN | 05/21/17 | 12:19
Bill Black explains -> FBI Investigations Are Conducted at the Discretion of its Director | TRNN | 05/22/17 | 12:56
Will Trump's International Tour Be A Disaster, Or A Mess? | TYT | 05/19/17 | 16:53
Jared Kushner: Lord Of War | TYT | 05/20/17 | 11:00
Occam's Razor: Both Parties Are Massively Corrupt | TYT | 05/21/17 | 5:13
Here's The REAL Reason You Can't Afford A House | TYT | 05/21/17 | 5:26
NPR (National Public Radio) - www.npr.org/
PBS (Public Broadcasting Service) - pbs.org/
Russia Probe Reaches White House With 'Person Of Interest' In Top Position | MSNBC Morning Joe | 05/22/17 | 9:06
Middle East Peace: President Trump's 'Ultimate Deal' | MSNBC Morning Joe | 05/22/17 | 6:36
Last Week Tonight with John Oliver
Stupid Watergate | John Oliver | 05/21/17 | 24:05
The Late Show with Stephen Colbert
Trump's Gone... Party At The White House! | Stephen Colbert | 05/21/17 | 3:51

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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