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how-goldman-sachs-takes-your-moneyHow Goldman Sachs Takes Your Money

Someone took Matt Taibbi's article "The Great American Bubble Machine" (Rolling Stone 04/05/10) and put it to video.  In 10 minutes the video spells out how the banks were involved in creating the different financial bubbles and how the "Revolving Door" works between Wall Street and Washington.

<= Click on images - most images usually lead to videos!

To see more GREAT videos go to Wall Street | How Wall Street Works. My personal favorites are "Inside Job", "Plunder" by Danny Schechter, and "Wall Street" by Jesse Ventura.

Then go to the Heroes menu and look at Matt Taibbi's interviews and articles, Bill Black's interviews with Paul Jay (TRNN).   I was also surprised to learn how bad the Fukushima disaster still is (Environment menu), and how bad Depleted Uranium is.


This site is dedicated to expose both the GREED on Wall Street, and the greed found in all parts of our society.   I'm also making a distinction between Wall Street, Corporate Street and Main Street.  I still want to think of the businesses along Main street as small businesses, that might fudge on their electric bill, but otherwise don't effect the rest of us.  Corporate Street (Corporatocracy), on the other hand, are not out for the enrichment of humanity, but only to enhance their own bottom line.  The legacy of greedy corporations can have a big impact on all of our lives... case-in-point BP Gulf oil spill.  You might also want to look at the activities of the Koch Brothers.



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.

http://demonocracy.info/infographics/usa/us_debt/us_debt.html
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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

worlds-debt


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. 
But I have a modest standard of living so I plan to give all extra donation, beyond my immediate needs, to several of my favorite charities.

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