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Derivatives Quadrillion Play: How Far Away Are We From A Second Financial Crisis? [Image: What do a
    

Derivatives Quadrillion Play: How Far Away Are We From A Second Financial Crisis? [Image: What do a Quadrillion pennies look like?]

Warren Buffett famously referred to derivatives as "financial weapons of mass destruction". Derivatives are financial contracts, or financial instruments, whose values are derived from the value of something else, known as the underlying. We have been monitoring the size of the global derivatives play for a few years now, measuring it at USD 1.405 Quadrillion in March 2009. One year later, the Quadrillion Play appears to be winding down, but there's a long way to go yet! In March 2010, the trans-national play of all types of derivatives is down to USD 1.048 Quadrillion, a decline of -25% worldwide. As a result, the global size of the derivatives bubble which was calculated last year at USD 206k per person-on-planet, has fallen to USD 149k per person-on-planet. In parallel, since peaking in the second quarter of 2007, US household wealth is also down by USD 14 trillion. It makes one wonder, how much of the perceived wealth is real, and how much is illusory? "Walls-of-Money" that are no more than leverage, levitating and underpinned by derivatives-based-instruments manifest as complex securities.

What is a Quadrillion? That is a number only supercomputing engineers and astronomers used to use, not economists and bankers! For example, the North star is "just" a couple of quadrillion miles away, ie, a few thousand trillion miles. In the ATCA briefing, "The Invisible One Quadrillion Dollar Equation" published in September 2008, we discussed the main categories of the USD 1.144 Quadrillion derivatives play at that time based on data from various sources including the Bank for International Settlements (BIS) in Basel, Switzerland. By March 2009, the quantum grew significantly in certain crucial categories and the last revised numbers we published, showed the derivatives play at USD 1.405 Quadrillion in March 2009. The latest figures for March 2010 have fallen significantly to USD 1.048 Quadrillion, and tell a rather different story:

1. Over-The-Counter (OTC) derivatives stand in notional or face value at USD 604 trillion (DOWN -39%) for the most recent period ending June 2009 and include:

a. Interest Rate Derivatives at about USD 437+ trillion (DOWN -5%);
b. Credit Default Swaps at about USD 36+ trillion (DOWN -37%);
c. Foreign Exchange Derivatives at about USD 48+ trillion (DOWN -21%);
d. Commodity Derivatives at about USD 3.7+ trillion (DOWN -72%);
e. Equity Linked Derivatives at about USD 6.6+ trillion (DOWN -34%); and
f. Unallocated Derivatives at about USD 72+ trillion (DOWN -11%).

2. Exchange traded or listed credit derivatives volume stands at USD 444 trillion (DOWN -18%) including USD 307 trillion of futures (USD 21.7 trillion outstanding) and USD 137 trillion of options (USD 51.3 trillion outstanding) for the most recent quarter, ie, Q4 2009.

The myth of the single bubble behind The Great Unwind -- manifest as the global credit crunch -- has essentially been dumped in the last few years and subprime mortgage default, a USD 1.5 trillion challenge within the USD 5 trillion mortgage based assets envelope, is seen as a component of a much larger overwhelming global financial crisis with unprecedented scale, speed, severity and synchronicity. That global crisis wiped off a staggering USD 50 trillion off the value of financial assets — currency, equity and bond markets worldwide -- by March 2009, before the global recovery began powered by -- unprecedented and massive -- fiscal and monetary stimulus packages. That recovery is yet to achieve a break even on previous cumulative losses.

The truth is that there are as many as "Eight Bubbles" from our original list and two new "International and Domestic Bond" bubbles at play, including rising sovereign, financial institution, international organisation and corporate debt. The "Ten Bubbles" are in danger of bursting together via interlinkages and domino effects in different geographic zones and sectors. This is understood to a much greater extent now than in the past.

After Lehman Brothers, we went from being able to “rescue the world” with less than USD 1 trillion in October 2008 to USD 11.6 trillion commitments in the US alone, along with a further announcement of USD 1.2 trillion of quantitative easing by the US Federal Reserve in March 2009. By June 2009, the US government and the US Fed had committed USD 13.9 trillion, almost the size of the US GDP. The unwinding timetable has still not been clearly signalled. As time goes by, the full extent of the collateral damage from the Quadrillion Play of derivatives and the interlinked 10 Bubbles is being revealed. The step-by-step bursting process is taking the form of deleverage on an unprecedented scale.

We first discussed “Eight Bubbles” in play worldwide in November 2008 and based on latest information in 2010, the approximate scale of "Ten Bubbles" is as follows:

1. Subprime Mortgage linked Loans & Assets (USD 1.3 trillion) within Mortgage backed Assets (USD 5 trillion) and US home mortgage debt (USD 10.5 trillion);
2. China, India, Eastern Europe and other Emerging Market Loans (USD 5 trillion);
3. Commodities (Commodity Derivatives at USD 3.7+ trillion);
4. Corporate bonds (USD 21 trillion) as a subset of all domestic and international bonds;
5. Commercial (USD 22 trillion) and Residential property (USD 41 trillion);
6. Credit Cards Outstanding Debt (USD 4.5 trillion);
7. Currencies (Foreign Exchange Derivatives at USD 48+ trillion);
8. Credit Default Swaps (USD 36+ trillion) as a subset of all Derivatives (USD 1.405 Quadrillion);

to which one must add subsequent large scale bond issues by financial institutions, governments, international organisations and corporate issuers:

9. International bonds and notes - all issuers (USD 26+ trillion); and
10.Domestic bonds and notes - all issuers (USD 51+ trillion).

As of the end of 2009, the size of the worldwide bond market -- total debt outstanding in such instruments -- is an estimated USD 82 trillion.

The relative scale of the world's financial engine is as follows:

1. The entire GDP of the US is about USD 14 trillion.
2. The entire US money supply is also about USD 14 trillion with rising Quantitative Easing in trillions.
3. The GDP of the entire world is USD 45 trillion. USD 1.048 Quadrillion is 23 times world GDP.
4. The real estate of the entire world is valued at USD 60+ trillion, including home equity in the US, which was valued at USD 13 trillion at its peak in 2006, and dropped to USD 8.8 trillion by mid-2008 and is still falling.
5. Total retirement assets, Americans' second-largest household asset, dropped by 22%, from USD 10.3 trillion in 2006 to USD 8 trillion in mid-2008.
6. The world stock markets and related investments are valued at about USD 75 trillion.
7. The trans-national universal model financial institutions own about USD 150 trillion in derivatives at market value.
8. The population of the whole planet is around 7 billion people. So the derivatives market represents about USD 149,000 per person on the planet.

Early in the last decade, a "Giant Pool of Money" -- represented by USD 70 trillion in worldwide fixed income investments -- sought higher yields than those offered by government bonds. Further, this pool of money had roughly doubled in size from 2000 to 2007 to reach USD 140+ trillion, yet the supply of relatively safe, income generating investments had not grown as fast. Investment banks on Wall Street in New York and elsewhere within European financial centres -- London, Frankfurt, Paris, Zurich, Madrid and Milan -- answered this demand with many flavours of structured finance packages, which were assigned safe ratings by the credit rating agencies, and sold on.

The entire derivatives-based structured finance pyramid can keel over when the asset prices begin to decline and as a result, some of the counter-parties are unable to meet obligations. As an example, by September 2008, average US housing prices had declined by over 20% from their mid-2006 peak. As prices declined, borrowers with Adjustable-Rate Mortgages (ARMs) could not refinance to avoid the higher payments associated with rising interest rates and began to default. During 2007, lenders began foreclosure proceedings on nearly 1.3 million properties, a 79% increase over 2006. This increased to 2.3 million in 2008, an 81% increase versus 2007. By August 2008, 9.2% of all US mortgages outstanding were either delinquent or in foreclosure. By September 2009, this had risen to 14.4%. This has had a dramatic effect on almost all real estate structured finance products, including those based on derivatives. The window of opportunity and open market for such product has mostly shut down, leaving enormous black holes on balance sheets of financial institutions and other investment vehicles. Central banks have tried to purge the black holes and have only been partially successful.

Conclusion

The USD 1.048 Quadrillion Play of derivatives remains colossal at 23 times world GDP. Even if 1% of the derivatives pyramid loses counterparties because they have become insolvent, that is more than 10 trillion dollars of a black hole. If that 1% becomes 5%, that is more than 50 trillion dollars, ie, more than the GDP of the entire world.

Over-The-Counter (OTC) derivatives are not traded on an exchange and there is no central counterparty. Therefore, they are subject to counterparty risk, like an ordinary contract, since each counterparty relies on the other to perform. This means that the failure of one major financial institution can cause the evaporation of assets for many other financial institutions that have derivative products with exposure to that one financial institution. When the notional values of a good percentage of financial derivatives start evaporating into thin air, and this can happen as underlying assets lose their value, this has a negative domino effect on and off the balance sheet of not just one major financial institution, but many.

Given that the value of a derivative is contingent on the value of the underlying, the notional value of derivatives has been traditionally recorded off the balance sheet of an institution, although the market value of derivatives has been recorded on the balance sheet. When the Financial Accounting Standards Board (FASB) suspended mark-to-market accounting rules recently, major international banks were allowed to re-value some of their derivative products closer to their notional value on their books to pad their balance sheets. This made them appear healthier than they were. Many argue that only the market value of derivatives, and not their notional value, is ultimately important. This would have only been valid if FASB hadn’t suspended mark-to-market accounting rules!

The market value of financial derivatives is only a fraction of their Quadrillion Play; however the reality is that the potential losses from derivatives gone bad can also be much more than their notional value! For example, some of the derivative products most likely to continue to blow up are Credit Default Swaps (CDS). Remember that it was AIG’s exposure to Credit Default Swaps that caused it to collapse.

Since it is now likely that the balance sheets of many financial institutions have been quickly “nursed back to health” by returning the book value of certain financial derivative products to some notional value versus their true market value, the collapse of the notional value of the Quadrillion Play derivative market could indeed have future devastating consequences for global economies.

The possibility of a house of cards collapse is still very much on the table, and should one begin, the flexibility of governments to avert it will have been reduced by the enormous debt they've run up trying to paper over the first wave of The Great Unwind and The Great Reset. The prudent investor, while earnestly hoping nothing like this comes to pass, should bear in mind that there is a rising probability that it might, and take appropriate precautions. Governments, for their part, ought to require far greater transparency of off-balance-sheet positions so that the nature and extent of risks can better be known to policy makers, regulators as well as private investors.

[ENDS]

We welcome your thoughts, observations and views. To reflect further on this, please respond within Twitter, Linked and Facebook's ATCA Open and related Socratic dialogue platform of HQR.

All the best


DK Matai

Chairman and Founder: mi2g.net, ATCA, The Philanthropia, HQR, @G140

To connect directly with:

. DK Matai: http://twitter.com/DKMatai

. Open HQR: http://twitter.com/OpenHQR

. ATCA Open: http://twitter.com/ATCAOpen

. @G140: http://twitter.com/G140

. mi2g: http://twitter.com/intunit

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This is an "ATCA Open, Philanthropia and HQR Socratic Dialogue."

The "ATCA Open" network on LinkedIn and Facebook is for professionals interested in ATCA's original global aims, working with ATCA step-by-step across the world, or developing tools supporting ATCA's objectives to build a better world.

The original ATCA -- Asymmetric Threats Contingency Alliance -- is a philanthropic expert initiative founded in 2001 to resolve complex global challenges through collective Socratic dialogue and joint executive action to build a wisdom based global economy. Adhering to the doctrine of non-violence, ATCA addresses asymmetric threats and social opportunities arising from climate chaos and the environment; radical poverty and microfinance; geo-politics and energy; organised crime & extremism; advanced technologies -- bio, info, nano, robo & AI; demographic skews and resource shortages; pandemics; financial systems and systemic risk; as well as transhumanism and ethics. Present membership of the original ATCA network is by invitation only and has over 5,000 distinguished members from over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres of Excellence; 500 Inventors and Original thinkers; as well as 250 Editors-in-Chief of major media.

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— with Arno Du Pisanie, Angela Nix, Yasmeen Baroness Von Schleinitz, Mariamme Baum, Libby Patterson, Buddha Zen, Elisa Hatch, Mi Shell, Mari Geiger-Howiler, Gloria O'Neil Savage, Ingrid Marie Aquino, Mary Baxter, Diane Wallrich, Arnar Valur Jónsonur, Allen Retasket, DrSuzanne Holt Ballard, Dana Darcel, Tia Carr Williams, Derivatives Quadrillion Play: How Far Away Are We From A Second Financial Crisis? [Image: What do a , Jonquil LeMaster, Max Speed, Emma Farr Rawlings, Philip Turner, Swami Neelamber, Cosmic Kimaya, Fabiana Marcela Capello, Judy Osmundson, Michelle-Jennifer Del Rosario Santos, Anthony J Whitehouse, Michael Buchanan, Venkateshwaran Ganesh, Princess Maya, Jane Chavez Umali, Marie-Ora de Villiers Scheel, Laura Boomer-Trent, Sid Kataki, Deepak Chopra, Lavinia Gene Weissman, Tony Minervino, James Birthrong, Douglas Ward Kelley and Seshadri Nathan Krishnan.
  • Mi Shell, Tony Schutz, Rebecca McNally and 28 others like this.
    • Richard Gerber
      Making money is not a scam (in a world of truth)

      In a truth based world making money is not a scam. The difference is that in the world of truth the producer is the creator of money, not the banks, because they are the creator of genuine v...alue and therefore wealth which in a world of truth is naturally reflected in their value exchange account balance. In the world of truth the consumer is the validator of the creation of value and therefore wealth. The consumer credits the account of the value creator in proportion to the amount of value created. In the world of truth the focus is on the creation of value and not the obtainment of monetary units which naturally flow to the value creators, the producers are the true makers of money.

      In reality the banks do provide a small amount of value they: Track transactions, Evaluate Risk, Create Debt (new money), Ensure Debt is repaid (future value is created), and calculate interest (their profit), which represents the proportion of your wealth they get for allowing your participation in the economic system. Of course they only loan the amount of the principal into the economic system so in order to pay the interest back as a whole the “whole” of consumers must borrow more creating a perpetual cycle and eternal servitude with cycles of boom and bust, each bust resulting in the conversion of their intangible symbol created at zero cost into tangible assets like land as some of the consumers will always default by design and lose their collateral.

      Truth calls into question the price charged by the bankers in this game of monopoly for the use of their symbol and the tracking of transactions. The mark up or margin on the minimal actual cost of entering transactions into a computer system is substantially far more than it would be in free and natural market. In the seven years leading up to 2008, FDIC-insured commercial banks made an average pretax operating profit of $142 billion, for basically entering transactions into a computer system and tracking them. These are very expensive key strokes. Combine this with the Wall Street Gamblers that create no genuine value but take billions of dollars of value out of the system, food from mouths of the starving children, and you can understand the cause of the major economic imbalance we currently have.

      The actual cost to manage the value exchange transactions, for the US financial system would be less than 100 million dollars for approximately 12 data centers with server farms and administrative, technical, managing and auditing staff.

      If we really have a free market then the consumer / producer should be able to switch to the more efficient lower cost monetary system.
      Many do not realize that when the US went off the Gold Standard in 1971 to a fiat currency the worlds monetary and financial system became nothing more than an accounting system. With the high priests of money having the power to create the transactions they became the source of sustenance. The Federal Reserve controls and owns the master chart of accounts making them the high priests.

      The economic constituency needs to create a new choice for themselves, a new value exchange accounting system that is fair, equitable, and sustainable supporting a natural market. Read http://coinage.me/ for comprehensive understanding of the flaws of the current system and the design for the new and be sure to read The Money Changers. It is time to throw them out of the temple once again, for good. If you care about the starving children in the world send this page to everyone on your mailing list so they begin to see through the illusions surrounding money.

      ~Richard Thomas Gerber
      http://illusions.me/scam/
      See More
      March 23, 2010 at 8:55pm
    • Mariamme Baum ‎...it doesn't really matter
      any-more
      does it?...
      March 23, 2010 at 9:10pm
    • Fabiana Marcela Capello WOW ... thanks DK !!
      March 23, 2010 at 9:25pm
    • Richard Gerber I guess not, Destiny has made her decision, Faith waits silently and Chance has no more say... the only thing that could change anything is the Miracle but the collective does not invite it but rather repels it.
      March 23, 2010 at 9:26pm
    • Mi Shell Strange indeed.
      March 23, 2010 at 9:27pm
    • Judy Osmundson
      Thank you, DK, for the subject matter, the numbers are staggering in their import. Richard, I am very impressed with the package which you have put together in the Coinage link! Altogether, I think it has a lot of good metaphysical value.... Surely, you have made a large dent in materialism. Clearly, a bet on a bet on top of materialistic bunk has got to find its demise! I find your consumerism theory fascinating, in that at its bottom you have recognized that it is the spiritual terrain which brings our wealth. It is our terrain in joy which yields the commodities of real wealth. We can see this by looking around the globe and seeing that many countries are very rich in land and minerals, and yet lack the production of the commodities. What brings productivity? Joy itself is true wealth, and a society which values true quality of life, free of materialism will never lack economically.

      Hear, hear for Stephen's suggestion. Free of materialism, we have metaphysical Truth. Here I wish to adjust our R(evolution) a bit. We wish to live in true reality. This is the reality where mind is in control., and where we are not susceptible to finite matter and its limitations. As we progress down this road we will find that we will be free of our contraptions! The contraptions hint at what is already spiritually available to us. Never fear, Robin, what you are knowing there is possible without material intervention though our spiritual abilities all by themselves. How will we spend our time? In spiritual bliss, I would guess. Perhaps we get to do whatever inspires us, free from the money burden.

      Let's also include the health plan: God. The truth of being is that we are never in danger of losing our manifestation, only of losing our mind, and that is easily found. This has been a good place to start with demonstrating metaphysical truth, and it has been demonstrated reliably by a good chunk of society already, albeit in relative secrecy as far as society is concerned. So, if society would quit living upside down, Alice might find her Wonderland. Physical phenomenon of all kinds are a result of thought and never ever the reverse! ;)))
      See More
      March 23, 2010 at 11:04pm
    • Richard Gerber Judy, thanks for reading, your feedback, and taking the time to write and share your excellent thought. let's hope Alice finds her Wonderland, One would surely like to help create it for her and everyone...
      March 23, 2010 at 11:13pm
    • Marie-Ora de Villiers Scheel ‎@Judy - you said "So, if society would quit living upside down, Alice might find her Wonderland." That is so brilliant - do you mind if I add it to my quotes? (author acknowledged of course). Great work Richard!
      March 23, 2010 at 11:24pm
    • Richard Gerber This is mind blowing http://www.i----i.org/follow_the_white_rabbit.htm
      March 24, 2010 at 12:33am
    • Robin Lynn Ore
      Judy,

      Living in bliss might be one outcome, but the technology speaks for itself in a forced reflection continuous loop, if the programmer and network operator so desire it. We will need God to overcome these material efforts to block God'...s window into our lives by malevolent owners of networks. In such a have and have not society as that... the "value" is in time spent on the minds of people by those who would entertain themselves with it. I did not mean to imply that access to the embedded devices and all extensions of that would be voluntary. It will not.

      The ideal in a mind control network is what you described as: "Perhaps we get to do whatever inspires us, free from the money burden." and this: "How will we spend our time? In spiritual bliss, I would guess." I will reflect on that wonderful Utopian hope for a moment...How pure and good!

      There are others who would want to spend your time forcing you to do what they want in slavery. In this scenario, there is also no need for money but a much greater need for the Savior. Fear is not mine, I do not have fear, only work to stop the BEAST computer from destroying us all by those who work to make it a reality.

      One more step in that direction are Femtocell networks, LTE (Long Term Evolution) SON (Self Organizing Networks). The use of that acronym is not an accident in my opinion.

      Thank you for noticing and responding. You are a bright spot in a dark time. (I am a joyous person, happy even though I pay close attention to these serious matters.)

      You said: "This is the reality where mind is in control., and where we are not susceptible to finite matter and its limitations. As we progress down this road we will find that we will be free of our contraptions!"

      If only that were true but it is not. We will have zero control over our minds if these networks are put in place and controlled by the wrong people. They are already underway and it does not look blissful at all in any way, shape or form. If you have the fortitude to look at the past now revealed in released classified documents of programs still underway on a large scale please see: http://www.wanttoknow.info/bluebird10pg

      We have to stop these people.
      See More
      March 24, 2010 at 12:55am
    • Mi Shell Infinite Player on The Field ;)
      March 24, 2010 at 12:59am
    • Michael Buchanan In the end, Neo brought Agent Smith to a profound realization, and stopped the Game! Who will be our NEO? It is a matter of Awakening, is it not Robin? Who are we really battling? ♥
      March 24, 2010 at 1:02am
    • Richard Gerber In a world of war there can only be One victory ? http://iamblogging.net/archives/2006/08/in_a_world_of_w.html
      March 24, 2010 at 1:08am
    • Princess Maya ‎95%+ of members of our society are lost in physical forms , they are in self-created ‘illusion’ and can barely grasp any other forms of reality. Therefore, if there are any other forms of “illusion” which are created by other powers, rather than by members themselves, it hardly makes any difference….
      March 24, 2010 at 1:48am
    • Robin Lynn Ore
      Michael,

      As in all things there is a history and a future. The planning has been long in the works with the NWO, but I believe this power has been usurped from them by Asian manufacturers and the Bank of China. The interconnected bases and... networks and World wealth owners that have jockeyed for position have led to alliances that are difficult to compete against for positioning. They are extremely powerful and international. They do not think in terms of US sovereignty or even finances except as tools. They think in terms of global power. This power now lies in the ability to overpower other networks with better and faster equipment, while keeping people from knowing. They have stolen technology, (some of that from myself and my friends, which is how I know.).

      For me the steps in Awakening are:

      The first is recognition that the way to stop access is to build a network of our own with our own equipment, which requires a commitment for manufacturing on a grand scale and then automate it to detect and prevent access to each person in real time. This is the sobering part. It cannot be stopped without destroying physically all communications networks, therefore we have to defend ourselves that way.

      The second is the recognition that lies have been told to us and we are in danger, not just of losing our way of living but losing our freedom entirely. We must stop the military commissions based on hearsay and "suspicion" as described in S.3081 (The Big Brother Bill) introduced by McCain and Leiberman. We must write to our senators. Otherwise, there will be no legal framework left. It will enable a military coup by Military/Industrial/Government, The Iron Triangle.

      The third is the recognition that tactics used are usually personal, targeted and evil. Getting this close to World domination that only requires a large group to recognize it to turn the tide means the events to ensure it's success will escalate. This is happening now. The issue of timing is critical and it is not for the faint.

      The fourth is to realize these are big businessmen even if some of them have been in Government, like Cheney, one of the ringleaders. These global "players" control groups of Countries and Governments and it requires that we have alliances of our own. It is not much different than recognition that Hitler was a real bad problem, not a solution. It united forces to oppose the Axis Powers and push back the Nazi's, who were a mind controlled force in a totalitarian regime.

      The fifth is to prepare for hard times if you can and begin stocking up on supplies.

      The sixth is to do what you can to remain in contact with others through the Internet. Stay connected with your neighbors and home town and begin to tell them about what you know, leading them to do the research for themselves. As they become more knowledgeable, they naturally group together in places like this, where plans are discussed about the future.

      The seventh is to know and understand the effects of mind control. This is the hard part. The recent past is like The Net, The Pelican Brief, and Manchurian Candidate. The current situation for some is like The Bourne Identity, The Matrix and Minority Report. The future could be like Aeon Flux, the Stepford Wives, I Robot, or "The Terminator". Most likely it will be like Invasion of the Body Snatchers. The most important thing is to know, you cannot hear subliminal messages. You must always question sudden thoughts. Waveforms are faster than subliminal to conscious recognition by at least one second.

      The eighth is to establish your identity and get rid of anything in your life which can destroy your life. Do your best so people cannot easily frame you for anything. This occurs all the time.

      The ninth is do not expect Justice and do not blame the Government. They are in worse shape than the people are, because they know and so are on the front lines. I am not talking about elected officials. I am talking about people who deal with the technology and the programs, which started before anyone today was born. Many of these people are "caretakers".

      The tenth is to try and support local produce this spring and summer and community gardens. Work toward educating leaders and electing people who care and are more versed in matters of technology.

      When sides are taken, there is not a whole lot we can do except voice our opinions and vote if we can. Save some money for a rainy day? Hope that there are people with power and influence who are willing to do something real about it? This is what it would take to change it. I know how this can be done but would not expose that publicly. It is a long, long story, about the networks. I have been involved with them for over 35 years now with decision makers.

      NEO had it easy. Save the inventors!

      Pray.
      See More
      March 24, 2010 at 2:16am
    • Douglas Ward Kelley I say we all become our own Neo's?
      March 24, 2010 at 2:17am
    • Arno Du Pisanie Tick Tock Tick Tock...POP! : )
      Thanks DK.
      March 24, 2010 at 2:24am
    • James Birthrong ‎@ Robin...That was brilliant! I shared it on my post and gave you credit for it. THX!!
      March 24, 2010 at 8:01am
    • Judy Osmundson Cool, Richard! Marie, thank you, please quote away! ♥
      March 24, 2010 at 9:48am
    • Michael Buchanan Robin, could this all be the precursor to the scenario for the U S as depicted in the movie "V for Vendetta" ?
      We do seem to be moving into diabolical grounds with all this technology and power plays. I do pray that the Spiritual revolution happening on planet Earth is occurring faster than we think. To me, it is all about the Awakening of man's consciousness! It is inevitable. ♥
      March 24, 2010 at 11:05am
    • Judy Osmundson
      There is never anything to fear except for fear itself. What may seem diabolical is only a reversal of the highest good. The highest good is our direction and our guide, and in this paradigm, none are left out. Our external jihad is real...ly our internal jihad and vice versa. This is what calms the beast without and empowers our own spiritual good. The key here being to stick with spiritual good and know its presence in everything, regardless of appearance. We may find our Christ! The stars align accoringly. ;)) See More
      March 24, 2010 at 2:55pm
    • Robin Lynn Ore
      Michael, I have not seen this film but I will watch for it. My point is that we have nothing to do with the movement of technology into diabolical grounds nor power plays. The "movement" is to gain physical control over people. I too, am ho...peful that the Awakening of conciousness and good spirit within is happening, however, from a technical perspective, taking over consciousness is clearly possible with EM Directed Energy weapons. I am talking about the abilities to erase all memory and reduce a person to a vegetable. I know people are frightened by this, Judy, and for good reason, but knowing is the first step in doing something about it. Natural reactions were given to us when we were born, like the reflection test done on newborns to rate their APGAR score. I should point out that the elimination of hormones and all emotion can also be induced or eliminated with specific waveforms.

      Please, Write your Senators and oppose S.3081, (The Big Brother Bill). Here is a link to some information about FEMA detention facilities: http://campfema.com/press-release_001.html
      See More
      March 24, 2010 at 6:19pm
    • Judy Osmundson Thank you, Robin for the link. I have not understood what the New World Order concern was. I'm better informed. Let us stand for peace, and as God is my guide, I know that the answer is always good! ;)) Love is always empowering. ;))
      March 24, 2010 at 8:32pm
    • Buddha Zen
      We can only hope the world puts it's attention in the right place and on the correct "One" a "Chief" expression of the Divine in the Flesh, the only one that sacrificed, fully, and dared to speak the absolute while in a congregation both on...-line and off and did not seek to profit from it as did so many others. We can only hope that they that might listen to this One and can access the vast understanding needed to avoid the impetus that comes as a rsult of the failure to evolve and relinquish..See More
      March 25, 2010 at 1:26pm
    • Buddha Zen Some might wonder who that one is and this is something that each of you must decide individually for your own self. The One will is not amongst those presented by the status quo but the one that they attempt even now to obscure from your awareness. It is written they would present themselves as the source of that which they are not, those that are true to themselves would recognize the One that is True to All
      March 25, 2010 at 1:54pm
    • Michael Buchanan Beautifully penned Buddha Zen! ♥
      March 25, 2010 at 3:08pm
    • Sid Kataki this is an eye opener.. thank you DK
      March 25, 2010 at 8:37pm
    • Peter Rothman
      Even after the collapse of all 10 bubbles, which seems horrifyingly inevitable, we'll still be left with exactly what we have today. This in itself tells you everything you need to know I think.

      The earth gives us its resources to us for ...free and what we can accomplish with these resources is limited only by our communal total of abilities, ingenuity and effort.

      It is only an illusion that we can ever have more or less wealth than this.
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      May 8, 2010 at 7:13am
    • Douglas Ward Kelley
      This idea that the earth gives us everything we need for free, fails to calculate into the cost the true cost of replacing it once we have used up all of the strategic materials. We are borrowing everything from tomorrow to feed like pigs t...oday. Half of the world copper's gone for instance. 50 years ago but Mr. Fuller calculated the cost of replacing a barrel of oil if you had to synthesize it in a laboratory would be $3000 a barrel, and those were 1960 dollars? if you added the cost per gallon that we spend in military expenditures to protect every gallon of gasoline import, the cost at the pump would have to reflect the cost of oil of $500-$700 a barrel, so the stability of capitalism since we worked through was predicated on keeping petroleum prices low. Now there is much more competition. Some say it three times as much competition for energy within a few years, and prices will rise. Nations that are poor, will not be able to afford industrial agriculture, either they petroleum based fertilizers it uses, Orly gasoline to run the machinery. And they will be amongst the first to starve.See More
      May 8, 2010 at 7:59am
    • Peter Rothman
      No, you misunderstand my post I think.

      If we use up our resources, it indeed becomes more difficult for us to gain access to that resource as you correctly point out. Nevertheless, our total wealth can never be more or less than exactl...y what we have (total resources) and what we can do with it (limited by ability, ingenuity, and effort).

      The earth doesn't charge us for extracting resources, but some resources require more effort or ingenuity to extract and of course as you correctly point out some important resources are not renewable at all as far as we know today. Any appearance of there being more wealth than this such as the 10 bubbles D.K. mentions has to be based on speculation and not anything else therefore. It is an illusion.
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      May 8, 2010 at 8:07am
    • Douglas Ward Kelley
      Well ok, if you say so. You can look at it that way, I'm feel it's a little passive consider the conflict it will generate to control what is left. And the goal of using what remains responsibly? But ok. Maybe, "The earth gives us its res...ources to us for free and what we can accomplish with these resources is limited only by our communal total of abilities, ingenuity and effort." What about The possibility of the collapse of the rule of law and worldwide outbreaks of "psychotic feudalism?" That couldn't possibly reduce our enthusiasm as well as our communal total of abilities, ingenuity and effort? I suspect Mad Max roving bands of highly armed men and women, might throw monkey wrench into the plans to gracefully quickly evolve to sustainable, and carbon and each neutral, greatly reduced size industrial civilization. I pray that your vision is correct in everything will go smoothly. and however my sinking suspicion is that -- the revenge of history is that things do not turn out as well as we imagine they should, provided everyone else shared our highest values? But, I too have reasons for optimism, just not the same reasons. But I appreciate your viewpoint. -- DouglasSee More
      May 8, 2010 at 8:25am
    • Peter Rothman Our communication is limited by the medium here. We agree in fact, and like you I foresee a rough ride ahead. I just wrote a related post on a different thread. See my profile. But what should we do about it?

      Time to decide which beach you want to be on when the wave hits perhaps.
      May 8, 2010 at 8:30am
    • Michael Buchanan
      Liking what Douglas and Peter are discussing here. We are being called to utilize our best abilities to rise to the occasion at hand. We are capable of much more than we realize, it is a road we are traveling together. The sooner we can agr...ee to cooperate, stop the War mentality and power control games, we (humanity) have a chance to SHIFT into the new Paradigm more smoothly. It is inevitable that we will see a rough ride as the Old Order continues to crumble. Our HEARTS are what will guide us through. Counting on the best of US to come forth. Blessings and Godspeed ahead. ";-)See More
      May 8, 2010 at 9:10am
    • James Birthrong And I think Michael hit it on the nail head...The next "paradigm", that is, when we get out of the dominator patriarchy, will indeed involve cooperation and partnership societies for there to be sustainable solutions and functions to our survival...If not, well, we'll just see, won't we? (;oD
      May 8, 2010 at 9:18am
    • Gloria O'Neil Savage
      I agree with all the last four posters, love your post Michael about the way of the heart. I am experiencing this in my own life, and it is truly majical.
      I do however have some quandery over our collective efforts to stand up to the ptb, ...and demand an end, do we expect it all to unravel on its own?
      Yes, but the repercussions, without a quantifiable financial agreement, to demand the relief to come from the same banksters and CEO's, perhaps even through repossession of their own assets, money's, gold, etc to help assist in the melt down that we are sure to be in for.
      Won't we be in for the same old cycle again, without holding them accountable, they will remain to call the shots and write the new order..
      Isn't part of our own responsibility to create the collective vehicle to demand this? doesn't this show the universe we are learning too?
      The same for the energy companies (who are after all the same players behind the sceneds) to divulge the patents that are on the shelf, for energy idea's?
      Can we expect a congreee, ours and the world's to hold their feet to the fire then their own pockets are lined with the profits? we can show humane treatment, forgiveness, "heart", but we must also become sentient and sovereign, integral to the whole process.
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      May 8, 2010 at 9:50am
    • Robin Lynn Ore
      A quote from this excellent article on a different aspect of the communications networks which also run our finances is:

      "There is little time left to make the rest of the world aware of the nefarious operations now in effect. Our rights a...nd freedoms as human beings are in jeopardy if these warnings continue to go unheeded."

      http://uforeview.tripod.com/21centurymindcontrol.html

      Hope, goodwill and free will are so important for humanity, but full understanding and awareness of dangers is the first step to preparation and organization to dismantle it and achieve the peace, prosperity, friendship and love we all want in our lives.

      If not in our lifetimes, we owe the next generation a better life. This was what was once called "The American Dream", one which should have been spread around the world, freeing people from slavery, unfairness and poverty. Instead, we can only speak with the freedom we now have and are quickly losing to a communications cartel.
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      May 8, 2010 at 11:17am
    • Gloria O'Neil Savage Amen top that sistah!!!
      May 8, 2010 at 11:20am
    • Ingrid Marie Aquino all excellent and incisive and insightfull commentary..me::basic kindness and less greed =less is more and looking into our hearts for correct and positive ways to affect change.....
      May 8, 2010 at 11:21am
    • Gloria O'Neil Savage I meant: 'to that sistah' not top that...♥
      May 8, 2010 at 11:26am
    • Libby Patterson Pure Intent, Inner Peace, Unconditional Love of Self.....Self Empowerment.......start here.....
      May 8, 2010 at 11:29am
    • Peter Rothman
      Here's a thought experiment...

      Consider what would happen if all of our financial assets, anything that was just a number in a database essentially, became worthless tonight while you slept.

      What would you do tomorrow?
      ...
      This scenario might sound far fetched until you consider the "glitch" this week that caused some stock values to plummet to zero while others rose exponentially toward infinity without any apparent explanation or even an understood cause. Cyber-attack, software bug, or data entry error? No one seems to know. And yet somehow life goes on and the Internet is still working...
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      May 8, 2010 at 11:43am
    • Robin Lynn Ore Peter, someone, somewhere was selling or buying futures no doubt and then transfering it into assets of some classified or black endeavor, so no-one could access any records.
      May 8, 2010 at 11:47am
    • James Birthrong What if?! (;oD
      May 8, 2010 at 11:52am
    • Douglas Ward Kelley
      Well, this situation would look a lot better to me if Credit Default Swap's were done away with. I agree that Derivatives have their place in the world and have actual real benefits to real economies, but these CDS bets on bets that threate...n to destabilize all of the European Union, our supposed allies, do not really provide any real value in real economic terms. it allows a small group to really use quite a small amount of money to destroy the value of an extremely large amount of money for just a big pile of money. But some of you can probably explain to me how I am incorrect in my assumptions about this, but it seems as if an extremely small group of banks and hedge funds and hedge fund managers are able, under present regulation, or the lack of it?, to make hundreds of billions of dollars, but at such a terrible cost -- the effect of their positions they take is to evaporate trillions and trillions of wealth by deflating the value of all property, industry and money where ever they strike? If you think the Greeks have suddenly learned how to riot like unhappy South Korean workers, you should wait a few years to see how angry Americans would react under similar circumstances? I'm afraid that major cities would burn. So, there is a banking reform bill in Congress and Republicans here in the United States are trying to offer a lot of tempting to regulatory concessions on Derivatives, which, as I've said, are not the problem, in return for the continuing casino capitalism de facto total continued deregulation and unfettered allowances for Credit Default Swaps and their whore-ish escorts the CDOs. I understand there are a lot of problems of sovereign and municipal debt, and governments haven't been that honest with their people about their practices, but the underlying fundamentals are not that severe that we should be contemplating the end of industrialized civilization. People still work as hard as ever, and our as productive as they've ever been, and are still willing to make sacrifices and reduce consumption if they must, but they'll be damned if they want to see banks and hedge funds squeezing them towards bankruptcy, and then preventing them from liquidating, so it's forced into the courts, and everything loses value on a massive scale. This is just a failure of governance. Maybe there is no such thing as ethics anymore in the era of deconstruction, but I think people understand right and wrong and what is fair in the general sense, that they do not see being applied in the law that governs these complex financial instruments. And I feel their pain. I think that certain banks and hedge funds have formed wolf packs to go after Greece, then the PIIGS, then the EU, Germany, France and the UK, and then onward and upward wherever there is sovereign or municipal debt and it will culminate here in the United States if we don't knit it in the bud now. I am all about faith, belief, and the power of metaphysical transformation, but what I think is most needed is an ethical examination of what is going on, and judgments need to be politically made to reflect these new financial inventions and get control of them through financial reform, before they are the end of us all. I think that rational thought not prayer, will better serve us. Even though I believe in both. -- DouglasSee More
      May 8, 2010 at 11:52am
    • Dan Clark
      Great info everyone. It would appear the situation requires a united awareness program the likes of which we have not 'yet' seen. Those aware of the looming shift play an integral part, the more people aware the bigger the cushion. People w...ill start to look for options, creating an unprecedented opportunity to offer positive solutions. Right now there is enough people out there, they just need solutions that have huge personal incentives to unify, to outweigh self-centered behavior.

      We recently hosted The Venus Projects world tour in New Zealand to get the message out of our approaching paradigm shift, and the opportunity it presents to build a new civilization in planetary balance. The tour has initiated proactive teams in each destinations, those teams are moving nation wide to initiate proactive people in every town. We can only but try. There are so many conscious movements out there now, the sooner we all come together the better. It's time to create a plan.
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      May 9, 2010 at 12:42am
    • Ingrid Marie Aquino TO everyone ..it is this kind of dialogue that will get the conscious movements and proactive people to spread the message..much like the *Gutenberg Revolution*...advent of the printing press..the time is 'a coming'..and this change is organically and destined to be..in the great good names of Wisdom & Compassion..Biggest THANK YOU*s s to D:K..and ..NAMASTE TO ALL...
      May 9, 2010 at 8:45am
    • Buddha Zen Mmm yes http://awareness.me/
      May 12, 2010 at 8:25pm