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September 21, 2008 at 8:16 PM #274029September 21, 2008 at 8:39 PM #273727
Enorah
Participant“Why Shift Happens
By and large, humanity holds a remarkably provincial view of its own existence. Most of us consider ourselves members of a relatively unique species living on a unique little planet and expect, when we die, to receive our just desserts at the hand of a loving albeit judgmental god. We hardly ever consider ourselves part of a larger mosaic — a vast plan of cosmic evolution that has a far grander purpose.
Should we step back to consider a broader view, we’d see that there have been several moments in our species’ development that were marked by sudden and unexpected turns — the advent of pair bonding, the beginning of language, and the emergence of abstract thought being a few prime examples. Although some scientists have attributed these transitions to the gradual processes of natural selection, others, such as William H. Calvin, author of A Brain for All Seasons: Human Evolution and Abrupt Climate Change1, have argued that the abruptness with which these new behaviors appeared suggests that they were more likely linked with sudden planetary shifts, such as a worldwide cooling trend. Stanley Kubrick and Arthur C. Clarke depicted the sudden nature of these shifts in human consciousness metaphorically as the interventions of a colossal rectangular monolith in their 1968 groundbreaking film 2001: A Space Odyssey.
It seems that we are, as it were, on the verge of encountering another of these monolithic jump-time markers. The Earth, together with its inhabitants, is in the throes of the greatest shift it has yet experienced. According to researchers Patrick Geryl and Gino Ratinckx, coauthors of The Orion Prophesy2, the occurrence and timing of this event were known in the days of Atlantis (which they claim is currently buried beneath the South Pole). It was also predicted by the Egyptians, the Mayans, the Hopi, and other indigenous peoples. Wouldn’t it be illuminating to know what these people saw?
If we hopped a ride on a spaceship and traveled to some point in our star system where we could turn around and take an astronomic snapshot of home, we would see that the Earth is one of nine planets (eight if you discount Pluto, ten if you include Chiron) in a solar system situated on a far-flung arm of a galaxy — the Milky Way — that contains somewhere between 200 and 400 billion stars. And if we put that freeze-frame image into fast forward, we’d see that the entire galaxy is engaged in a vast circular dance. Just as the moon circles the Earth and all the planets circle the Sun, so does our Sun and its planets orbit the central sun of our galaxy on a radius 26,000 light-years in length — that’s 152,770,186,335,403,700 miles. According to recent measurements, it takes our solar system about 226,000,000 years to complete a single rotation, traveling at 486,000 miles per hour — or 135 miles per second.3 To put that in perspective, a jet plane traveling at that speed would cover the 8,054 miles between New York and Hong Kong in less than a minute.
From our cosmic vantage point we would also see that space is not an empty vacuum, nor is it homogeneous. It is full of cosmic rays of all manner and description — a swirling soup of gamma, radio, electromagnetic, and gravitational waves along with a slew of particles such as protons, alpha particles, electrons, neutrinos, and a host of others yet to be named that burst, radiate, and pulsate throughout the universe. While some of these phenomena move out in all directions, like the light of a light bulb, others are directional, like the beam of a flashlight. It is one of these apparently directional emissions, popularly called the Photon Belt, that is of particular interest at this time.
There is considerable disinformation concerning the Photon Belt, much of it arising from channeled information and from Alice Bailey’s earlier writings, which describe it as an energetic ring encircling the Pleiades. An arguably more accurate description is provided by Dr. Paul LaViolette, author of Genesis of the Cosmos and Earth under Fire, who proposes that the Belt is like a galactic “superwave” and that highly charged emissions of its kind have triggered historical cataclysmic events on our planet4 — not unlike the monoliths depicted by Clarke and Kubrick. You might think of the galaxy as a large clock with the stars rotating through pulses of energy beams radiating from the central sun. Every beam is like a tiny sliver of a gigantic pie, each having a particular mix of cosmic emissions that has a direct effect on whatever passes through it. The Photon Belt/Galactic Superwave (PBGS) is one of these slivers.
A super-aware being such as a shaman in an altered state — someone who can assume a point of view outside of the space/time continuum — is able to see events as simultaneous rather than sequential. Thus even if he or she lived many years ago, that seer could perceive the Earth moving through the PBGS and note the changes it might trigger, much the way astrological and earthly events can be simulated with computers by today’s scientists. Reports of these possibilities have been preserved both in reference to Earth calendars and in terms of astronomical events, such as the precise alignment of the solar and galactic planes with the winter solstice.
As with all projections into the future, the exact date of the predicted crescendo of the impending shift represents a probability rather than a certainty. However, we are apparently already well into the active region of the PBGS, and dramatic changes are occurring not only on our planet but on every planet in the solar system.
Both author, lecturer, and clairvoyant David Wilcock and Russian scientist Aleskey Dmitriev have collected scientific data from NASA and other sources that document the observable, dramatic shifts currently taking place on every single planet in our solar system (for more details about these changes, see Transformation of the Solar System5 by Aleskey Dmitriev and the Hyperdimensional Report6 by Wilcock and Richard C. Hoagland):
Sun: More activity in the past 65 years than in the previous 1,150 years combined.
Mercury: Polar ice discovered, along with a strong intrinsic magnetic field — surprising for a supposedly dead planet.
Venus: In less than 30 years, a 2,500 percent increase in auroral brightness as well as substantive global atmospheric changes (a sharp decrease of sulphur-containing gases). The inversion of light and dark spots — the first time ever detected.
Moon: The generation of a first-stage atmosphere, with a growing natrium atmosphere reaching to 9,000 km in height.
Mars: “Global warming,” huge storms, disappearance of polar icecaps, a cloudy growth in the equator area, and an unusual increase of ozone concentration.
Jupiter: A more than 200 percent increase in the brightness of surrounding plasma clouds. Doubling of the magnetic field’s intensity, large auroral anomalies, and a change in the Jupiter-Io system of currents.
Saturn: A major decrease in equatorial jet stream velocities in only 20 years, accompanied by a surprising surge of X-rays from the equator. The appearance of auroras.
Uranus: “Really big, big changes” in brightness, increased global cloud activity (abrupt large-scale growth of magnetosphere activity), and significant shifting of the magnetic poles.
Neptune: A 40 percent increase in atmospheric brightness and a significant shifting of the magnetic poles.
Pluto: A 300 percent increase in atmospheric pressure even as Pluto recedes farther from the Sun. The growth of dark spots.
For our own home planet the list of changes currently underway is no less impressive. The Earth is experiencing an accelerating magnetic drift7; the North Pole having already wandered some 1,100 kilometers out into the Arctic Ocean. We are also witnessing significant variations in the Earth’s gravity field8, climactic changes9, increased volcanic10 and tectonic11 activity, and other natural catastrophes (for an in-depth view of these changes on Earth, see Wilcock’s The Divine Cosmos: A Breathtaking New View of Reality12 and Dmitriev’s Planetophysical State of the Earth and Life13).
The passage through the PBGS turns out to be an inconvenient truth of the highest order. It explains, for instance, why natural catastrophes and global warming are occurring on the Earth at such an alarming rate and why humankind’s efforts to reverse the process are about as effective as making a one-dollar contribution to the Gates Foundation. It offers a quasi-scientific explanation for why so many of us are feeling uncomfortable with the state of our lives and dissatisfied with our belief systems. It provides a reason for the gnawing apprehension many feel that something dramatic is happening all around us.
This is myth-shattering stuff. As Dmitriev notes, “We must begin to organize our attention and thinking to understand that climatic changes on Earth are only one part, or link, in a whole chain of events taking place in the heliosphere [the magnetic field that emanates from the Sun extending throughout the entire solar system and beyond].”
Yet these discoveries do not make the six o’clock news. If they did, they would marginalize the importance of almost every other story, and they would reveal that the institutions to which people have long ago abdicated their power are woefully impotent to do anything about what’s really taking place. The powers that be are less than forthcoming in either addressing these momentous issues or making them known to the general public. Quite the contrary. The 2004 movie The Day after Tomorrow, which depicted cataclysmic changes as a result of the sudden collapse of the Gulf Stream oceanic current — while taking certain liberties with respect to timelines and dramatic effects — is stunningly accurate. Notably, the New York Times published a story the same year entitled NASA Curbs Comments on Ice Age Disaster Movie:14
“No one from NASA is to do interviews or otherwise comment on anything having to do with the film (The Day After Tomorrow),” said the April 1 message, which was sent by Goddard’s [NASA’s Space Flight Center in Greenbelt, Maryland] top press officer. “Any news media wanting to discuss science fiction vs. science fact about climate change will need to seek comment from individuals or organizations not associated with NASA.”
According to the Observer International website15, U.S. President George W. Bush received a clandestine report from the Pentagon describing the reality of imminent climate changes that echoed much of the film’s message. The website article reads:
Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.
A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a “Siberian” climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world.
The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents.
According to another story16 published on the Observer International website, Greg Cist, the Republican House Conference director, also in 2004, sent an email to the press secretaries of Republican congressmen advising them on how to render changes in the global environment a non-issue. The web article says:
It [the email] tells them how global warming has not been proved, air quality is “getting better,” the world’s forests are “spreading, not deadening,” oil reserves are “increasing, not decreasing,” and the “world’s water is cleaner and reaching more people.”
The email — sent on 4 February — warns that Democrats will “hit us hard” on the environment. “In an effort to help your members fight back, as well as be aggressive on the issue, we have prepared the following set of talking points on where the environment really stands today,” it states.
The memo — headed “From medi-scare to air-scare” — goes on: “From the heated debate on global warming to the hot air on forests; from the muddled talk on our nation’s waters to the convolution on air pollution, we are fighting a battle of fact against fiction on the environment — Republicans can’t stress enough that extremists are screaming ‘Doomsday!’ when the environment is actually seeing a new and better day.”
To those who believe there is room for valid scientific debate on the issues of global warming and Earth changes, there is little to say in response to such damping down of information other than to agree that we each have a right to believe whatever gives us comfort. In the end, the facts always speak for themselves and all beliefs are washed away before them. The main issue is the magnitude of what’s happening and how it’s already affecting every object in our solar system, including each human being on this planet. Geologists and other scientists confirm that major shifts have happened every now and then to the Earth and her inhabitants. We seem to be in one of those “nows.”
To understand why shift happens, we need only to refer to Newton’s first law, the law of inertia: “An object at rest or traveling in uniform motion will remain at rest or traveling in uniform motion unless and until an external force is applied.” The PBGS is applying the force, and the solar system and all its elements are responding. The lower life forms are as a matter of course transformed by these energies. But we humans have been given the gift of free choice. Consequently, we cannot make the shift unless we take deliberate and considered action.
How we choose to react to these forces emanating from the central sun of our galaxy is undoubtedly the single most important decision of our lives. Yet humans are subject to the law of inertia as well. For the most part, we resist change unless prompted to shift by pain or suffering. And our ability to adjust to incremental levels of suffering seems to know no limits. We are currently mired in a morass of events that threaten our physical, emotional, and spiritual well-being, yet we still find a way to put on our brave faces and carry on as if nothing is happening.
The forces we are all experiencing are real, far more real than death or taxes. They are occurring not to destroy us but to prompt us to shift to a new level of development. We are being invited to shift along with mother Earth and her sister planets. Our bodies feel it, our sleep patterns reflect it, our thoughts are driven by it, and our awakening consciousness demands that we resonate with it. We are each caught in a compelling current that we can ultimately either resist or join. If we choose to join and ride it, we become willing participants in our own transformation into a higher state of being.
Consider it this way: We each consciously chose to be on this planet at this time so we could take part in this extraordinary cosmic event. To duck it would be to miss everything we came here for.”
1. http://www.williamcalvin.com/BrainForAllSeasons/
2. http://www.crawford2000.co.uk/patrickg.htm
3. http://www.chron.com/content/interactive/space/astronomy/news/1999/ds/990602.html
4. http://www.etheric.com/GalacticCenter/Galactic.html
5. http://www.tmgnow.com/repository/global/planetophysical1.html
6. http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
7. http://www.physorg.com/news8917.html
8. http://www.gsfc.nasa.gov/topstory/20020801gravityfield.html
9. http://www.physorg.com/news8602.html
10. http://www.detailshere.com/volcanos.htm
11. http://www.detailshere.com/earthquakeactivity.htm
12. http://www.bibliotecapleyades.net/esp_divinecosmos.htm
13. http://www.tmgnow.com/repository/global/planetophysical.html
14. http://www.nytimes.com/2004/04/25/national/25MOVI.html?ex’1157083200&en’a6d3090932f76467&ei’5070
15. http://observer.guardian.co.uk/international/story/0,6903,1153513,00.html
16. http://www.guardian.co.uk/usa/story/0,12271,1185379,00.html——————————————————————————–
_________________________________
Jean-Claude Gerard Koven is a writer and speaker based in Rancho Mirage, CA. He is a featured weekly columnist for the UPI (United Press International) Religion and Spirituality Forum and the author of Going Deeper: How to Make Sense of Your Life When Your Life Makes No Sense, recipient of both the Allbooks Reviews editor’s choice award and the USABookNews.com award for the best metaphysical book of the year. For more information, please visit: http://www.goingdeeper.org.
__________________________________©2007. Jean-Claude Gerard Koven / All Rights Reserved. This article is copyrighted, but you have permission to share it through any medium as long as the proper copyright and credit line is included.
__________________________________September 21, 2008 at 8:39 PM #273972Participant“Why Shift Happens
By and large, humanity holds a remarkably provincial view of its own existence. Most of us consider ourselves members of a relatively unique species living on a unique little planet and expect, when we die, to receive our just desserts at the hand of a loving albeit judgmental god. We hardly ever consider ourselves part of a larger mosaic — a vast plan of cosmic evolution that has a far grander purpose.
Should we step back to consider a broader view, we’d see that there have been several moments in our species’ development that were marked by sudden and unexpected turns — the advent of pair bonding, the beginning of language, and the emergence of abstract thought being a few prime examples. Although some scientists have attributed these transitions to the gradual processes of natural selection, others, such as William H. Calvin, author of A Brain for All Seasons: Human Evolution and Abrupt Climate Change1, have argued that the abruptness with which these new behaviors appeared suggests that they were more likely linked with sudden planetary shifts, such as a worldwide cooling trend. Stanley Kubrick and Arthur C. Clarke depicted the sudden nature of these shifts in human consciousness metaphorically as the interventions of a colossal rectangular monolith in their 1968 groundbreaking film 2001: A Space Odyssey.
It seems that we are, as it were, on the verge of encountering another of these monolithic jump-time markers. The Earth, together with its inhabitants, is in the throes of the greatest shift it has yet experienced. According to researchers Patrick Geryl and Gino Ratinckx, coauthors of The Orion Prophesy2, the occurrence and timing of this event were known in the days of Atlantis (which they claim is currently buried beneath the South Pole). It was also predicted by the Egyptians, the Mayans, the Hopi, and other indigenous peoples. Wouldn’t it be illuminating to know what these people saw?
If we hopped a ride on a spaceship and traveled to some point in our star system where we could turn around and take an astronomic snapshot of home, we would see that the Earth is one of nine planets (eight if you discount Pluto, ten if you include Chiron) in a solar system situated on a far-flung arm of a galaxy — the Milky Way — that contains somewhere between 200 and 400 billion stars. And if we put that freeze-frame image into fast forward, we’d see that the entire galaxy is engaged in a vast circular dance. Just as the moon circles the Earth and all the planets circle the Sun, so does our Sun and its planets orbit the central sun of our galaxy on a radius 26,000 light-years in length — that’s 152,770,186,335,403,700 miles. According to recent measurements, it takes our solar system about 226,000,000 years to complete a single rotation, traveling at 486,000 miles per hour — or 135 miles per second.3 To put that in perspective, a jet plane traveling at that speed would cover the 8,054 miles between New York and Hong Kong in less than a minute.
From our cosmic vantage point we would also see that space is not an empty vacuum, nor is it homogeneous. It is full of cosmic rays of all manner and description — a swirling soup of gamma, radio, electromagnetic, and gravitational waves along with a slew of particles such as protons, alpha particles, electrons, neutrinos, and a host of others yet to be named that burst, radiate, and pulsate throughout the universe. While some of these phenomena move out in all directions, like the light of a light bulb, others are directional, like the beam of a flashlight. It is one of these apparently directional emissions, popularly called the Photon Belt, that is of particular interest at this time.
There is considerable disinformation concerning the Photon Belt, much of it arising from channeled information and from Alice Bailey’s earlier writings, which describe it as an energetic ring encircling the Pleiades. An arguably more accurate description is provided by Dr. Paul LaViolette, author of Genesis of the Cosmos and Earth under Fire, who proposes that the Belt is like a galactic “superwave” and that highly charged emissions of its kind have triggered historical cataclysmic events on our planet4 — not unlike the monoliths depicted by Clarke and Kubrick. You might think of the galaxy as a large clock with the stars rotating through pulses of energy beams radiating from the central sun. Every beam is like a tiny sliver of a gigantic pie, each having a particular mix of cosmic emissions that has a direct effect on whatever passes through it. The Photon Belt/Galactic Superwave (PBGS) is one of these slivers.
A super-aware being such as a shaman in an altered state — someone who can assume a point of view outside of the space/time continuum — is able to see events as simultaneous rather than sequential. Thus even if he or she lived many years ago, that seer could perceive the Earth moving through the PBGS and note the changes it might trigger, much the way astrological and earthly events can be simulated with computers by today’s scientists. Reports of these possibilities have been preserved both in reference to Earth calendars and in terms of astronomical events, such as the precise alignment of the solar and galactic planes with the winter solstice.
As with all projections into the future, the exact date of the predicted crescendo of the impending shift represents a probability rather than a certainty. However, we are apparently already well into the active region of the PBGS, and dramatic changes are occurring not only on our planet but on every planet in the solar system.
Both author, lecturer, and clairvoyant David Wilcock and Russian scientist Aleskey Dmitriev have collected scientific data from NASA and other sources that document the observable, dramatic shifts currently taking place on every single planet in our solar system (for more details about these changes, see Transformation of the Solar System5 by Aleskey Dmitriev and the Hyperdimensional Report6 by Wilcock and Richard C. Hoagland):
Sun: More activity in the past 65 years than in the previous 1,150 years combined.
Mercury: Polar ice discovered, along with a strong intrinsic magnetic field — surprising for a supposedly dead planet.
Venus: In less than 30 years, a 2,500 percent increase in auroral brightness as well as substantive global atmospheric changes (a sharp decrease of sulphur-containing gases). The inversion of light and dark spots — the first time ever detected.
Moon: The generation of a first-stage atmosphere, with a growing natrium atmosphere reaching to 9,000 km in height.
Mars: “Global warming,” huge storms, disappearance of polar icecaps, a cloudy growth in the equator area, and an unusual increase of ozone concentration.
Jupiter: A more than 200 percent increase in the brightness of surrounding plasma clouds. Doubling of the magnetic field’s intensity, large auroral anomalies, and a change in the Jupiter-Io system of currents.
Saturn: A major decrease in equatorial jet stream velocities in only 20 years, accompanied by a surprising surge of X-rays from the equator. The appearance of auroras.
Uranus: “Really big, big changes” in brightness, increased global cloud activity (abrupt large-scale growth of magnetosphere activity), and significant shifting of the magnetic poles.
Neptune: A 40 percent increase in atmospheric brightness and a significant shifting of the magnetic poles.
Pluto: A 300 percent increase in atmospheric pressure even as Pluto recedes farther from the Sun. The growth of dark spots.
For our own home planet the list of changes currently underway is no less impressive. The Earth is experiencing an accelerating magnetic drift7; the North Pole having already wandered some 1,100 kilometers out into the Arctic Ocean. We are also witnessing significant variations in the Earth’s gravity field8, climactic changes9, increased volcanic10 and tectonic11 activity, and other natural catastrophes (for an in-depth view of these changes on Earth, see Wilcock’s The Divine Cosmos: A Breathtaking New View of Reality12 and Dmitriev’s Planetophysical State of the Earth and Life13).
The passage through the PBGS turns out to be an inconvenient truth of the highest order. It explains, for instance, why natural catastrophes and global warming are occurring on the Earth at such an alarming rate and why humankind’s efforts to reverse the process are about as effective as making a one-dollar contribution to the Gates Foundation. It offers a quasi-scientific explanation for why so many of us are feeling uncomfortable with the state of our lives and dissatisfied with our belief systems. It provides a reason for the gnawing apprehension many feel that something dramatic is happening all around us.
This is myth-shattering stuff. As Dmitriev notes, “We must begin to organize our attention and thinking to understand that climatic changes on Earth are only one part, or link, in a whole chain of events taking place in the heliosphere [the magnetic field that emanates from the Sun extending throughout the entire solar system and beyond].”
Yet these discoveries do not make the six o’clock news. If they did, they would marginalize the importance of almost every other story, and they would reveal that the institutions to which people have long ago abdicated their power are woefully impotent to do anything about what’s really taking place. The powers that be are less than forthcoming in either addressing these momentous issues or making them known to the general public. Quite the contrary. The 2004 movie The Day after Tomorrow, which depicted cataclysmic changes as a result of the sudden collapse of the Gulf Stream oceanic current — while taking certain liberties with respect to timelines and dramatic effects — is stunningly accurate. Notably, the New York Times published a story the same year entitled NASA Curbs Comments on Ice Age Disaster Movie:14
“No one from NASA is to do interviews or otherwise comment on anything having to do with the film (The Day After Tomorrow),” said the April 1 message, which was sent by Goddard’s [NASA’s Space Flight Center in Greenbelt, Maryland] top press officer. “Any news media wanting to discuss science fiction vs. science fact about climate change will need to seek comment from individuals or organizations not associated with NASA.”
According to the Observer International website15, U.S. President George W. Bush received a clandestine report from the Pentagon describing the reality of imminent climate changes that echoed much of the film’s message. The website article reads:
Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.
A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a “Siberian” climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world.
The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents.
According to another story16 published on the Observer International website, Greg Cist, the Republican House Conference director, also in 2004, sent an email to the press secretaries of Republican congressmen advising them on how to render changes in the global environment a non-issue. The web article says:
It [the email] tells them how global warming has not been proved, air quality is “getting better,” the world’s forests are “spreading, not deadening,” oil reserves are “increasing, not decreasing,” and the “world’s water is cleaner and reaching more people.”
The email — sent on 4 February — warns that Democrats will “hit us hard” on the environment. “In an effort to help your members fight back, as well as be aggressive on the issue, we have prepared the following set of talking points on where the environment really stands today,” it states.
The memo — headed “From medi-scare to air-scare” — goes on: “From the heated debate on global warming to the hot air on forests; from the muddled talk on our nation’s waters to the convolution on air pollution, we are fighting a battle of fact against fiction on the environment — Republicans can’t stress enough that extremists are screaming ‘Doomsday!’ when the environment is actually seeing a new and better day.”
To those who believe there is room for valid scientific debate on the issues of global warming and Earth changes, there is little to say in response to such damping down of information other than to agree that we each have a right to believe whatever gives us comfort. In the end, the facts always speak for themselves and all beliefs are washed away before them. The main issue is the magnitude of what’s happening and how it’s already affecting every object in our solar system, including each human being on this planet. Geologists and other scientists confirm that major shifts have happened every now and then to the Earth and her inhabitants. We seem to be in one of those “nows.”
To understand why shift happens, we need only to refer to Newton’s first law, the law of inertia: “An object at rest or traveling in uniform motion will remain at rest or traveling in uniform motion unless and until an external force is applied.” The PBGS is applying the force, and the solar system and all its elements are responding. The lower life forms are as a matter of course transformed by these energies. But we humans have been given the gift of free choice. Consequently, we cannot make the shift unless we take deliberate and considered action.
How we choose to react to these forces emanating from the central sun of our galaxy is undoubtedly the single most important decision of our lives. Yet humans are subject to the law of inertia as well. For the most part, we resist change unless prompted to shift by pain or suffering. And our ability to adjust to incremental levels of suffering seems to know no limits. We are currently mired in a morass of events that threaten our physical, emotional, and spiritual well-being, yet we still find a way to put on our brave faces and carry on as if nothing is happening.
The forces we are all experiencing are real, far more real than death or taxes. They are occurring not to destroy us but to prompt us to shift to a new level of development. We are being invited to shift along with mother Earth and her sister planets. Our bodies feel it, our sleep patterns reflect it, our thoughts are driven by it, and our awakening consciousness demands that we resonate with it. We are each caught in a compelling current that we can ultimately either resist or join. If we choose to join and ride it, we become willing participants in our own transformation into a higher state of being.
Consider it this way: We each consciously chose to be on this planet at this time so we could take part in this extraordinary cosmic event. To duck it would be to miss everything we came here for.”
1. http://www.williamcalvin.com/BrainForAllSeasons/
2. http://www.crawford2000.co.uk/patrickg.htm
3. http://www.chron.com/content/interactive/space/astronomy/news/1999/ds/990602.html
4. http://www.etheric.com/GalacticCenter/Galactic.html
5. http://www.tmgnow.com/repository/global/planetophysical1.html
6. http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
7. http://www.physorg.com/news8917.html
8. http://www.gsfc.nasa.gov/topstory/20020801gravityfield.html
9. http://www.physorg.com/news8602.html
10. http://www.detailshere.com/volcanos.htm
11. http://www.detailshere.com/earthquakeactivity.htm
12. http://www.bibliotecapleyades.net/esp_divinecosmos.htm
13. http://www.tmgnow.com/repository/global/planetophysical.html
14. http://www.nytimes.com/2004/04/25/national/25MOVI.html?ex’1157083200&en’a6d3090932f76467&ei’5070
15. http://observer.guardian.co.uk/international/story/0,6903,1153513,00.html
16. http://www.guardian.co.uk/usa/story/0,12271,1185379,00.html——————————————————————————–
_________________________________
Jean-Claude Gerard Koven is a writer and speaker based in Rancho Mirage, CA. He is a featured weekly columnist for the UPI (United Press International) Religion and Spirituality Forum and the author of Going Deeper: How to Make Sense of Your Life When Your Life Makes No Sense, recipient of both the Allbooks Reviews editor’s choice award and the USABookNews.com award for the best metaphysical book of the year. For more information, please visit: http://www.goingdeeper.org.
__________________________________©2007. Jean-Claude Gerard Koven / All Rights Reserved. This article is copyrighted, but you have permission to share it through any medium as long as the proper copyright and credit line is included.
__________________________________September 21, 2008 at 8:39 PM #273976Participant“Why Shift Happens
By and large, humanity holds a remarkably provincial view of its own existence. Most of us consider ourselves members of a relatively unique species living on a unique little planet and expect, when we die, to receive our just desserts at the hand of a loving albeit judgmental god. We hardly ever consider ourselves part of a larger mosaic — a vast plan of cosmic evolution that has a far grander purpose.
Should we step back to consider a broader view, we’d see that there have been several moments in our species’ development that were marked by sudden and unexpected turns — the advent of pair bonding, the beginning of language, and the emergence of abstract thought being a few prime examples. Although some scientists have attributed these transitions to the gradual processes of natural selection, others, such as William H. Calvin, author of A Brain for All Seasons: Human Evolution and Abrupt Climate Change1, have argued that the abruptness with which these new behaviors appeared suggests that they were more likely linked with sudden planetary shifts, such as a worldwide cooling trend. Stanley Kubrick and Arthur C. Clarke depicted the sudden nature of these shifts in human consciousness metaphorically as the interventions of a colossal rectangular monolith in their 1968 groundbreaking film 2001: A Space Odyssey.
It seems that we are, as it were, on the verge of encountering another of these monolithic jump-time markers. The Earth, together with its inhabitants, is in the throes of the greatest shift it has yet experienced. According to researchers Patrick Geryl and Gino Ratinckx, coauthors of The Orion Prophesy2, the occurrence and timing of this event were known in the days of Atlantis (which they claim is currently buried beneath the South Pole). It was also predicted by the Egyptians, the Mayans, the Hopi, and other indigenous peoples. Wouldn’t it be illuminating to know what these people saw?
If we hopped a ride on a spaceship and traveled to some point in our star system where we could turn around and take an astronomic snapshot of home, we would see that the Earth is one of nine planets (eight if you discount Pluto, ten if you include Chiron) in a solar system situated on a far-flung arm of a galaxy — the Milky Way — that contains somewhere between 200 and 400 billion stars. And if we put that freeze-frame image into fast forward, we’d see that the entire galaxy is engaged in a vast circular dance. Just as the moon circles the Earth and all the planets circle the Sun, so does our Sun and its planets orbit the central sun of our galaxy on a radius 26,000 light-years in length — that’s 152,770,186,335,403,700 miles. According to recent measurements, it takes our solar system about 226,000,000 years to complete a single rotation, traveling at 486,000 miles per hour — or 135 miles per second.3 To put that in perspective, a jet plane traveling at that speed would cover the 8,054 miles between New York and Hong Kong in less than a minute.
From our cosmic vantage point we would also see that space is not an empty vacuum, nor is it homogeneous. It is full of cosmic rays of all manner and description — a swirling soup of gamma, radio, electromagnetic, and gravitational waves along with a slew of particles such as protons, alpha particles, electrons, neutrinos, and a host of others yet to be named that burst, radiate, and pulsate throughout the universe. While some of these phenomena move out in all directions, like the light of a light bulb, others are directional, like the beam of a flashlight. It is one of these apparently directional emissions, popularly called the Photon Belt, that is of particular interest at this time.
There is considerable disinformation concerning the Photon Belt, much of it arising from channeled information and from Alice Bailey’s earlier writings, which describe it as an energetic ring encircling the Pleiades. An arguably more accurate description is provided by Dr. Paul LaViolette, author of Genesis of the Cosmos and Earth under Fire, who proposes that the Belt is like a galactic “superwave” and that highly charged emissions of its kind have triggered historical cataclysmic events on our planet4 — not unlike the monoliths depicted by Clarke and Kubrick. You might think of the galaxy as a large clock with the stars rotating through pulses of energy beams radiating from the central sun. Every beam is like a tiny sliver of a gigantic pie, each having a particular mix of cosmic emissions that has a direct effect on whatever passes through it. The Photon Belt/Galactic Superwave (PBGS) is one of these slivers.
A super-aware being such as a shaman in an altered state — someone who can assume a point of view outside of the space/time continuum — is able to see events as simultaneous rather than sequential. Thus even if he or she lived many years ago, that seer could perceive the Earth moving through the PBGS and note the changes it might trigger, much the way astrological and earthly events can be simulated with computers by today’s scientists. Reports of these possibilities have been preserved both in reference to Earth calendars and in terms of astronomical events, such as the precise alignment of the solar and galactic planes with the winter solstice.
As with all projections into the future, the exact date of the predicted crescendo of the impending shift represents a probability rather than a certainty. However, we are apparently already well into the active region of the PBGS, and dramatic changes are occurring not only on our planet but on every planet in the solar system.
Both author, lecturer, and clairvoyant David Wilcock and Russian scientist Aleskey Dmitriev have collected scientific data from NASA and other sources that document the observable, dramatic shifts currently taking place on every single planet in our solar system (for more details about these changes, see Transformation of the Solar System5 by Aleskey Dmitriev and the Hyperdimensional Report6 by Wilcock and Richard C. Hoagland):
Sun: More activity in the past 65 years than in the previous 1,150 years combined.
Mercury: Polar ice discovered, along with a strong intrinsic magnetic field — surprising for a supposedly dead planet.
Venus: In less than 30 years, a 2,500 percent increase in auroral brightness as well as substantive global atmospheric changes (a sharp decrease of sulphur-containing gases). The inversion of light and dark spots — the first time ever detected.
Moon: The generation of a first-stage atmosphere, with a growing natrium atmosphere reaching to 9,000 km in height.
Mars: “Global warming,” huge storms, disappearance of polar icecaps, a cloudy growth in the equator area, and an unusual increase of ozone concentration.
Jupiter: A more than 200 percent increase in the brightness of surrounding plasma clouds. Doubling of the magnetic field’s intensity, large auroral anomalies, and a change in the Jupiter-Io system of currents.
Saturn: A major decrease in equatorial jet stream velocities in only 20 years, accompanied by a surprising surge of X-rays from the equator. The appearance of auroras.
Uranus: “Really big, big changes” in brightness, increased global cloud activity (abrupt large-scale growth of magnetosphere activity), and significant shifting of the magnetic poles.
Neptune: A 40 percent increase in atmospheric brightness and a significant shifting of the magnetic poles.
Pluto: A 300 percent increase in atmospheric pressure even as Pluto recedes farther from the Sun. The growth of dark spots.
For our own home planet the list of changes currently underway is no less impressive. The Earth is experiencing an accelerating magnetic drift7; the North Pole having already wandered some 1,100 kilometers out into the Arctic Ocean. We are also witnessing significant variations in the Earth’s gravity field8, climactic changes9, increased volcanic10 and tectonic11 activity, and other natural catastrophes (for an in-depth view of these changes on Earth, see Wilcock’s The Divine Cosmos: A Breathtaking New View of Reality12 and Dmitriev’s Planetophysical State of the Earth and Life13).
The passage through the PBGS turns out to be an inconvenient truth of the highest order. It explains, for instance, why natural catastrophes and global warming are occurring on the Earth at such an alarming rate and why humankind’s efforts to reverse the process are about as effective as making a one-dollar contribution to the Gates Foundation. It offers a quasi-scientific explanation for why so many of us are feeling uncomfortable with the state of our lives and dissatisfied with our belief systems. It provides a reason for the gnawing apprehension many feel that something dramatic is happening all around us.
This is myth-shattering stuff. As Dmitriev notes, “We must begin to organize our attention and thinking to understand that climatic changes on Earth are only one part, or link, in a whole chain of events taking place in the heliosphere [the magnetic field that emanates from the Sun extending throughout the entire solar system and beyond].”
Yet these discoveries do not make the six o’clock news. If they did, they would marginalize the importance of almost every other story, and they would reveal that the institutions to which people have long ago abdicated their power are woefully impotent to do anything about what’s really taking place. The powers that be are less than forthcoming in either addressing these momentous issues or making them known to the general public. Quite the contrary. The 2004 movie The Day after Tomorrow, which depicted cataclysmic changes as a result of the sudden collapse of the Gulf Stream oceanic current — while taking certain liberties with respect to timelines and dramatic effects — is stunningly accurate. Notably, the New York Times published a story the same year entitled NASA Curbs Comments on Ice Age Disaster Movie:14
“No one from NASA is to do interviews or otherwise comment on anything having to do with the film (The Day After Tomorrow),” said the April 1 message, which was sent by Goddard’s [NASA’s Space Flight Center in Greenbelt, Maryland] top press officer. “Any news media wanting to discuss science fiction vs. science fact about climate change will need to seek comment from individuals or organizations not associated with NASA.”
According to the Observer International website15, U.S. President George W. Bush received a clandestine report from the Pentagon describing the reality of imminent climate changes that echoed much of the film’s message. The website article reads:
Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.
A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a “Siberian” climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world.
The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents.
According to another story16 published on the Observer International website, Greg Cist, the Republican House Conference director, also in 2004, sent an email to the press secretaries of Republican congressmen advising them on how to render changes in the global environment a non-issue. The web article says:
It [the email] tells them how global warming has not been proved, air quality is “getting better,” the world’s forests are “spreading, not deadening,” oil reserves are “increasing, not decreasing,” and the “world’s water is cleaner and reaching more people.”
The email — sent on 4 February — warns that Democrats will “hit us hard” on the environment. “In an effort to help your members fight back, as well as be aggressive on the issue, we have prepared the following set of talking points on where the environment really stands today,” it states.
The memo — headed “From medi-scare to air-scare” — goes on: “From the heated debate on global warming to the hot air on forests; from the muddled talk on our nation’s waters to the convolution on air pollution, we are fighting a battle of fact against fiction on the environment — Republicans can’t stress enough that extremists are screaming ‘Doomsday!’ when the environment is actually seeing a new and better day.”
To those who believe there is room for valid scientific debate on the issues of global warming and Earth changes, there is little to say in response to such damping down of information other than to agree that we each have a right to believe whatever gives us comfort. In the end, the facts always speak for themselves and all beliefs are washed away before them. The main issue is the magnitude of what’s happening and how it’s already affecting every object in our solar system, including each human being on this planet. Geologists and other scientists confirm that major shifts have happened every now and then to the Earth and her inhabitants. We seem to be in one of those “nows.”
To understand why shift happens, we need only to refer to Newton’s first law, the law of inertia: “An object at rest or traveling in uniform motion will remain at rest or traveling in uniform motion unless and until an external force is applied.” The PBGS is applying the force, and the solar system and all its elements are responding. The lower life forms are as a matter of course transformed by these energies. But we humans have been given the gift of free choice. Consequently, we cannot make the shift unless we take deliberate and considered action.
How we choose to react to these forces emanating from the central sun of our galaxy is undoubtedly the single most important decision of our lives. Yet humans are subject to the law of inertia as well. For the most part, we resist change unless prompted to shift by pain or suffering. And our ability to adjust to incremental levels of suffering seems to know no limits. We are currently mired in a morass of events that threaten our physical, emotional, and spiritual well-being, yet we still find a way to put on our brave faces and carry on as if nothing is happening.
The forces we are all experiencing are real, far more real than death or taxes. They are occurring not to destroy us but to prompt us to shift to a new level of development. We are being invited to shift along with mother Earth and her sister planets. Our bodies feel it, our sleep patterns reflect it, our thoughts are driven by it, and our awakening consciousness demands that we resonate with it. We are each caught in a compelling current that we can ultimately either resist or join. If we choose to join and ride it, we become willing participants in our own transformation into a higher state of being.
Consider it this way: We each consciously chose to be on this planet at this time so we could take part in this extraordinary cosmic event. To duck it would be to miss everything we came here for.”
1. http://www.williamcalvin.com/BrainForAllSeasons/
2. http://www.crawford2000.co.uk/patrickg.htm
3. http://www.chron.com/content/interactive/space/astronomy/news/1999/ds/990602.html
4. http://www.etheric.com/GalacticCenter/Galactic.html
5. http://www.tmgnow.com/repository/global/planetophysical1.html
6. http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
7. http://www.physorg.com/news8917.html
8. http://www.gsfc.nasa.gov/topstory/20020801gravityfield.html
9. http://www.physorg.com/news8602.html
10. http://www.detailshere.com/volcanos.htm
11. http://www.detailshere.com/earthquakeactivity.htm
12. http://www.bibliotecapleyades.net/esp_divinecosmos.htm
13. http://www.tmgnow.com/repository/global/planetophysical.html
14. http://www.nytimes.com/2004/04/25/national/25MOVI.html?ex’1157083200&en’a6d3090932f76467&ei’5070
15. http://observer.guardian.co.uk/international/story/0,6903,1153513,00.html
16. http://www.guardian.co.uk/usa/story/0,12271,1185379,00.html——————————————————————————–
_________________________________
Jean-Claude Gerard Koven is a writer and speaker based in Rancho Mirage, CA. He is a featured weekly columnist for the UPI (United Press International) Religion and Spirituality Forum and the author of Going Deeper: How to Make Sense of Your Life When Your Life Makes No Sense, recipient of both the Allbooks Reviews editor’s choice award and the USABookNews.com award for the best metaphysical book of the year. For more information, please visit: http://www.goingdeeper.org.
__________________________________©2007. Jean-Claude Gerard Koven / All Rights Reserved. This article is copyrighted, but you have permission to share it through any medium as long as the proper copyright and credit line is included.
__________________________________September 21, 2008 at 8:39 PM #274020Participant“Why Shift Happens
By and large, humanity holds a remarkably provincial view of its own existence. Most of us consider ourselves members of a relatively unique species living on a unique little planet and expect, when we die, to receive our just desserts at the hand of a loving albeit judgmental god. We hardly ever consider ourselves part of a larger mosaic — a vast plan of cosmic evolution that has a far grander purpose.
Should we step back to consider a broader view, we’d see that there have been several moments in our species’ development that were marked by sudden and unexpected turns — the advent of pair bonding, the beginning of language, and the emergence of abstract thought being a few prime examples. Although some scientists have attributed these transitions to the gradual processes of natural selection, others, such as William H. Calvin, author of A Brain for All Seasons: Human Evolution and Abrupt Climate Change1, have argued that the abruptness with which these new behaviors appeared suggests that they were more likely linked with sudden planetary shifts, such as a worldwide cooling trend. Stanley Kubrick and Arthur C. Clarke depicted the sudden nature of these shifts in human consciousness metaphorically as the interventions of a colossal rectangular monolith in their 1968 groundbreaking film 2001: A Space Odyssey.
It seems that we are, as it were, on the verge of encountering another of these monolithic jump-time markers. The Earth, together with its inhabitants, is in the throes of the greatest shift it has yet experienced. According to researchers Patrick Geryl and Gino Ratinckx, coauthors of The Orion Prophesy2, the occurrence and timing of this event were known in the days of Atlantis (which they claim is currently buried beneath the South Pole). It was also predicted by the Egyptians, the Mayans, the Hopi, and other indigenous peoples. Wouldn’t it be illuminating to know what these people saw?
If we hopped a ride on a spaceship and traveled to some point in our star system where we could turn around and take an astronomic snapshot of home, we would see that the Earth is one of nine planets (eight if you discount Pluto, ten if you include Chiron) in a solar system situated on a far-flung arm of a galaxy — the Milky Way — that contains somewhere between 200 and 400 billion stars. And if we put that freeze-frame image into fast forward, we’d see that the entire galaxy is engaged in a vast circular dance. Just as the moon circles the Earth and all the planets circle the Sun, so does our Sun and its planets orbit the central sun of our galaxy on a radius 26,000 light-years in length — that’s 152,770,186,335,403,700 miles. According to recent measurements, it takes our solar system about 226,000,000 years to complete a single rotation, traveling at 486,000 miles per hour — or 135 miles per second.3 To put that in perspective, a jet plane traveling at that speed would cover the 8,054 miles between New York and Hong Kong in less than a minute.
From our cosmic vantage point we would also see that space is not an empty vacuum, nor is it homogeneous. It is full of cosmic rays of all manner and description — a swirling soup of gamma, radio, electromagnetic, and gravitational waves along with a slew of particles such as protons, alpha particles, electrons, neutrinos, and a host of others yet to be named that burst, radiate, and pulsate throughout the universe. While some of these phenomena move out in all directions, like the light of a light bulb, others are directional, like the beam of a flashlight. It is one of these apparently directional emissions, popularly called the Photon Belt, that is of particular interest at this time.
There is considerable disinformation concerning the Photon Belt, much of it arising from channeled information and from Alice Bailey’s earlier writings, which describe it as an energetic ring encircling the Pleiades. An arguably more accurate description is provided by Dr. Paul LaViolette, author of Genesis of the Cosmos and Earth under Fire, who proposes that the Belt is like a galactic “superwave” and that highly charged emissions of its kind have triggered historical cataclysmic events on our planet4 — not unlike the monoliths depicted by Clarke and Kubrick. You might think of the galaxy as a large clock with the stars rotating through pulses of energy beams radiating from the central sun. Every beam is like a tiny sliver of a gigantic pie, each having a particular mix of cosmic emissions that has a direct effect on whatever passes through it. The Photon Belt/Galactic Superwave (PBGS) is one of these slivers.
A super-aware being such as a shaman in an altered state — someone who can assume a point of view outside of the space/time continuum — is able to see events as simultaneous rather than sequential. Thus even if he or she lived many years ago, that seer could perceive the Earth moving through the PBGS and note the changes it might trigger, much the way astrological and earthly events can be simulated with computers by today’s scientists. Reports of these possibilities have been preserved both in reference to Earth calendars and in terms of astronomical events, such as the precise alignment of the solar and galactic planes with the winter solstice.
As with all projections into the future, the exact date of the predicted crescendo of the impending shift represents a probability rather than a certainty. However, we are apparently already well into the active region of the PBGS, and dramatic changes are occurring not only on our planet but on every planet in the solar system.
Both author, lecturer, and clairvoyant David Wilcock and Russian scientist Aleskey Dmitriev have collected scientific data from NASA and other sources that document the observable, dramatic shifts currently taking place on every single planet in our solar system (for more details about these changes, see Transformation of the Solar System5 by Aleskey Dmitriev and the Hyperdimensional Report6 by Wilcock and Richard C. Hoagland):
Sun: More activity in the past 65 years than in the previous 1,150 years combined.
Mercury: Polar ice discovered, along with a strong intrinsic magnetic field — surprising for a supposedly dead planet.
Venus: In less than 30 years, a 2,500 percent increase in auroral brightness as well as substantive global atmospheric changes (a sharp decrease of sulphur-containing gases). The inversion of light and dark spots — the first time ever detected.
Moon: The generation of a first-stage atmosphere, with a growing natrium atmosphere reaching to 9,000 km in height.
Mars: “Global warming,” huge storms, disappearance of polar icecaps, a cloudy growth in the equator area, and an unusual increase of ozone concentration.
Jupiter: A more than 200 percent increase in the brightness of surrounding plasma clouds. Doubling of the magnetic field’s intensity, large auroral anomalies, and a change in the Jupiter-Io system of currents.
Saturn: A major decrease in equatorial jet stream velocities in only 20 years, accompanied by a surprising surge of X-rays from the equator. The appearance of auroras.
Uranus: “Really big, big changes” in brightness, increased global cloud activity (abrupt large-scale growth of magnetosphere activity), and significant shifting of the magnetic poles.
Neptune: A 40 percent increase in atmospheric brightness and a significant shifting of the magnetic poles.
Pluto: A 300 percent increase in atmospheric pressure even as Pluto recedes farther from the Sun. The growth of dark spots.
For our own home planet the list of changes currently underway is no less impressive. The Earth is experiencing an accelerating magnetic drift7; the North Pole having already wandered some 1,100 kilometers out into the Arctic Ocean. We are also witnessing significant variations in the Earth’s gravity field8, climactic changes9, increased volcanic10 and tectonic11 activity, and other natural catastrophes (for an in-depth view of these changes on Earth, see Wilcock’s The Divine Cosmos: A Breathtaking New View of Reality12 and Dmitriev’s Planetophysical State of the Earth and Life13).
The passage through the PBGS turns out to be an inconvenient truth of the highest order. It explains, for instance, why natural catastrophes and global warming are occurring on the Earth at such an alarming rate and why humankind’s efforts to reverse the process are about as effective as making a one-dollar contribution to the Gates Foundation. It offers a quasi-scientific explanation for why so many of us are feeling uncomfortable with the state of our lives and dissatisfied with our belief systems. It provides a reason for the gnawing apprehension many feel that something dramatic is happening all around us.
This is myth-shattering stuff. As Dmitriev notes, “We must begin to organize our attention and thinking to understand that climatic changes on Earth are only one part, or link, in a whole chain of events taking place in the heliosphere [the magnetic field that emanates from the Sun extending throughout the entire solar system and beyond].”
Yet these discoveries do not make the six o’clock news. If they did, they would marginalize the importance of almost every other story, and they would reveal that the institutions to which people have long ago abdicated their power are woefully impotent to do anything about what’s really taking place. The powers that be are less than forthcoming in either addressing these momentous issues or making them known to the general public. Quite the contrary. The 2004 movie The Day after Tomorrow, which depicted cataclysmic changes as a result of the sudden collapse of the Gulf Stream oceanic current — while taking certain liberties with respect to timelines and dramatic effects — is stunningly accurate. Notably, the New York Times published a story the same year entitled NASA Curbs Comments on Ice Age Disaster Movie:14
“No one from NASA is to do interviews or otherwise comment on anything having to do with the film (The Day After Tomorrow),” said the April 1 message, which was sent by Goddard’s [NASA’s Space Flight Center in Greenbelt, Maryland] top press officer. “Any news media wanting to discuss science fiction vs. science fact about climate change will need to seek comment from individuals or organizations not associated with NASA.”
According to the Observer International website15, U.S. President George W. Bush received a clandestine report from the Pentagon describing the reality of imminent climate changes that echoed much of the film’s message. The website article reads:
Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.
A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a “Siberian” climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world.
The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents.
According to another story16 published on the Observer International website, Greg Cist, the Republican House Conference director, also in 2004, sent an email to the press secretaries of Republican congressmen advising them on how to render changes in the global environment a non-issue. The web article says:
It [the email] tells them how global warming has not been proved, air quality is “getting better,” the world’s forests are “spreading, not deadening,” oil reserves are “increasing, not decreasing,” and the “world’s water is cleaner and reaching more people.”
The email — sent on 4 February — warns that Democrats will “hit us hard” on the environment. “In an effort to help your members fight back, as well as be aggressive on the issue, we have prepared the following set of talking points on where the environment really stands today,” it states.
The memo — headed “From medi-scare to air-scare” — goes on: “From the heated debate on global warming to the hot air on forests; from the muddled talk on our nation’s waters to the convolution on air pollution, we are fighting a battle of fact against fiction on the environment — Republicans can’t stress enough that extremists are screaming ‘Doomsday!’ when the environment is actually seeing a new and better day.”
To those who believe there is room for valid scientific debate on the issues of global warming and Earth changes, there is little to say in response to such damping down of information other than to agree that we each have a right to believe whatever gives us comfort. In the end, the facts always speak for themselves and all beliefs are washed away before them. The main issue is the magnitude of what’s happening and how it’s already affecting every object in our solar system, including each human being on this planet. Geologists and other scientists confirm that major shifts have happened every now and then to the Earth and her inhabitants. We seem to be in one of those “nows.”
To understand why shift happens, we need only to refer to Newton’s first law, the law of inertia: “An object at rest or traveling in uniform motion will remain at rest or traveling in uniform motion unless and until an external force is applied.” The PBGS is applying the force, and the solar system and all its elements are responding. The lower life forms are as a matter of course transformed by these energies. But we humans have been given the gift of free choice. Consequently, we cannot make the shift unless we take deliberate and considered action.
How we choose to react to these forces emanating from the central sun of our galaxy is undoubtedly the single most important decision of our lives. Yet humans are subject to the law of inertia as well. For the most part, we resist change unless prompted to shift by pain or suffering. And our ability to adjust to incremental levels of suffering seems to know no limits. We are currently mired in a morass of events that threaten our physical, emotional, and spiritual well-being, yet we still find a way to put on our brave faces and carry on as if nothing is happening.
The forces we are all experiencing are real, far more real than death or taxes. They are occurring not to destroy us but to prompt us to shift to a new level of development. We are being invited to shift along with mother Earth and her sister planets. Our bodies feel it, our sleep patterns reflect it, our thoughts are driven by it, and our awakening consciousness demands that we resonate with it. We are each caught in a compelling current that we can ultimately either resist or join. If we choose to join and ride it, we become willing participants in our own transformation into a higher state of being.
Consider it this way: We each consciously chose to be on this planet at this time so we could take part in this extraordinary cosmic event. To duck it would be to miss everything we came here for.”
1. http://www.williamcalvin.com/BrainForAllSeasons/
2. http://www.crawford2000.co.uk/patrickg.htm
3. http://www.chron.com/content/interactive/space/astronomy/news/1999/ds/990602.html
4. http://www.etheric.com/GalacticCenter/Galactic.html
5. http://www.tmgnow.com/repository/global/planetophysical1.html
6. http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
7. http://www.physorg.com/news8917.html
8. http://www.gsfc.nasa.gov/topstory/20020801gravityfield.html
9. http://www.physorg.com/news8602.html
10. http://www.detailshere.com/volcanos.htm
11. http://www.detailshere.com/earthquakeactivity.htm
12. http://www.bibliotecapleyades.net/esp_divinecosmos.htm
13. http://www.tmgnow.com/repository/global/planetophysical.html
14. http://www.nytimes.com/2004/04/25/national/25MOVI.html?ex’1157083200&en’a6d3090932f76467&ei’5070
15. http://observer.guardian.co.uk/international/story/0,6903,1153513,00.html
16. http://www.guardian.co.uk/usa/story/0,12271,1185379,00.html——————————————————————————–
_________________________________
Jean-Claude Gerard Koven is a writer and speaker based in Rancho Mirage, CA. He is a featured weekly columnist for the UPI (United Press International) Religion and Spirituality Forum and the author of Going Deeper: How to Make Sense of Your Life When Your Life Makes No Sense, recipient of both the Allbooks Reviews editor’s choice award and the USABookNews.com award for the best metaphysical book of the year. For more information, please visit: http://www.goingdeeper.org.
__________________________________©2007. Jean-Claude Gerard Koven / All Rights Reserved. This article is copyrighted, but you have permission to share it through any medium as long as the proper copyright and credit line is included.
__________________________________September 21, 2008 at 8:39 PM #274044Participant“Why Shift Happens
By and large, humanity holds a remarkably provincial view of its own existence. Most of us consider ourselves members of a relatively unique species living on a unique little planet and expect, when we die, to receive our just desserts at the hand of a loving albeit judgmental god. We hardly ever consider ourselves part of a larger mosaic — a vast plan of cosmic evolution that has a far grander purpose.
Should we step back to consider a broader view, we’d see that there have been several moments in our species’ development that were marked by sudden and unexpected turns — the advent of pair bonding, the beginning of language, and the emergence of abstract thought being a few prime examples. Although some scientists have attributed these transitions to the gradual processes of natural selection, others, such as William H. Calvin, author of A Brain for All Seasons: Human Evolution and Abrupt Climate Change1, have argued that the abruptness with which these new behaviors appeared suggests that they were more likely linked with sudden planetary shifts, such as a worldwide cooling trend. Stanley Kubrick and Arthur C. Clarke depicted the sudden nature of these shifts in human consciousness metaphorically as the interventions of a colossal rectangular monolith in their 1968 groundbreaking film 2001: A Space Odyssey.
It seems that we are, as it were, on the verge of encountering another of these monolithic jump-time markers. The Earth, together with its inhabitants, is in the throes of the greatest shift it has yet experienced. According to researchers Patrick Geryl and Gino Ratinckx, coauthors of The Orion Prophesy2, the occurrence and timing of this event were known in the days of Atlantis (which they claim is currently buried beneath the South Pole). It was also predicted by the Egyptians, the Mayans, the Hopi, and other indigenous peoples. Wouldn’t it be illuminating to know what these people saw?
If we hopped a ride on a spaceship and traveled to some point in our star system where we could turn around and take an astronomic snapshot of home, we would see that the Earth is one of nine planets (eight if you discount Pluto, ten if you include Chiron) in a solar system situated on a far-flung arm of a galaxy — the Milky Way — that contains somewhere between 200 and 400 billion stars. And if we put that freeze-frame image into fast forward, we’d see that the entire galaxy is engaged in a vast circular dance. Just as the moon circles the Earth and all the planets circle the Sun, so does our Sun and its planets orbit the central sun of our galaxy on a radius 26,000 light-years in length — that’s 152,770,186,335,403,700 miles. According to recent measurements, it takes our solar system about 226,000,000 years to complete a single rotation, traveling at 486,000 miles per hour — or 135 miles per second.3 To put that in perspective, a jet plane traveling at that speed would cover the 8,054 miles between New York and Hong Kong in less than a minute.
From our cosmic vantage point we would also see that space is not an empty vacuum, nor is it homogeneous. It is full of cosmic rays of all manner and description — a swirling soup of gamma, radio, electromagnetic, and gravitational waves along with a slew of particles such as protons, alpha particles, electrons, neutrinos, and a host of others yet to be named that burst, radiate, and pulsate throughout the universe. While some of these phenomena move out in all directions, like the light of a light bulb, others are directional, like the beam of a flashlight. It is one of these apparently directional emissions, popularly called the Photon Belt, that is of particular interest at this time.
There is considerable disinformation concerning the Photon Belt, much of it arising from channeled information and from Alice Bailey’s earlier writings, which describe it as an energetic ring encircling the Pleiades. An arguably more accurate description is provided by Dr. Paul LaViolette, author of Genesis of the Cosmos and Earth under Fire, who proposes that the Belt is like a galactic “superwave” and that highly charged emissions of its kind have triggered historical cataclysmic events on our planet4 — not unlike the monoliths depicted by Clarke and Kubrick. You might think of the galaxy as a large clock with the stars rotating through pulses of energy beams radiating from the central sun. Every beam is like a tiny sliver of a gigantic pie, each having a particular mix of cosmic emissions that has a direct effect on whatever passes through it. The Photon Belt/Galactic Superwave (PBGS) is one of these slivers.
A super-aware being such as a shaman in an altered state — someone who can assume a point of view outside of the space/time continuum — is able to see events as simultaneous rather than sequential. Thus even if he or she lived many years ago, that seer could perceive the Earth moving through the PBGS and note the changes it might trigger, much the way astrological and earthly events can be simulated with computers by today’s scientists. Reports of these possibilities have been preserved both in reference to Earth calendars and in terms of astronomical events, such as the precise alignment of the solar and galactic planes with the winter solstice.
As with all projections into the future, the exact date of the predicted crescendo of the impending shift represents a probability rather than a certainty. However, we are apparently already well into the active region of the PBGS, and dramatic changes are occurring not only on our planet but on every planet in the solar system.
Both author, lecturer, and clairvoyant David Wilcock and Russian scientist Aleskey Dmitriev have collected scientific data from NASA and other sources that document the observable, dramatic shifts currently taking place on every single planet in our solar system (for more details about these changes, see Transformation of the Solar System5 by Aleskey Dmitriev and the Hyperdimensional Report6 by Wilcock and Richard C. Hoagland):
Sun: More activity in the past 65 years than in the previous 1,150 years combined.
Mercury: Polar ice discovered, along with a strong intrinsic magnetic field — surprising for a supposedly dead planet.
Venus: In less than 30 years, a 2,500 percent increase in auroral brightness as well as substantive global atmospheric changes (a sharp decrease of sulphur-containing gases). The inversion of light and dark spots — the first time ever detected.
Moon: The generation of a first-stage atmosphere, with a growing natrium atmosphere reaching to 9,000 km in height.
Mars: “Global warming,” huge storms, disappearance of polar icecaps, a cloudy growth in the equator area, and an unusual increase of ozone concentration.
Jupiter: A more than 200 percent increase in the brightness of surrounding plasma clouds. Doubling of the magnetic field’s intensity, large auroral anomalies, and a change in the Jupiter-Io system of currents.
Saturn: A major decrease in equatorial jet stream velocities in only 20 years, accompanied by a surprising surge of X-rays from the equator. The appearance of auroras.
Uranus: “Really big, big changes” in brightness, increased global cloud activity (abrupt large-scale growth of magnetosphere activity), and significant shifting of the magnetic poles.
Neptune: A 40 percent increase in atmospheric brightness and a significant shifting of the magnetic poles.
Pluto: A 300 percent increase in atmospheric pressure even as Pluto recedes farther from the Sun. The growth of dark spots.
For our own home planet the list of changes currently underway is no less impressive. The Earth is experiencing an accelerating magnetic drift7; the North Pole having already wandered some 1,100 kilometers out into the Arctic Ocean. We are also witnessing significant variations in the Earth’s gravity field8, climactic changes9, increased volcanic10 and tectonic11 activity, and other natural catastrophes (for an in-depth view of these changes on Earth, see Wilcock’s The Divine Cosmos: A Breathtaking New View of Reality12 and Dmitriev’s Planetophysical State of the Earth and Life13).
The passage through the PBGS turns out to be an inconvenient truth of the highest order. It explains, for instance, why natural catastrophes and global warming are occurring on the Earth at such an alarming rate and why humankind’s efforts to reverse the process are about as effective as making a one-dollar contribution to the Gates Foundation. It offers a quasi-scientific explanation for why so many of us are feeling uncomfortable with the state of our lives and dissatisfied with our belief systems. It provides a reason for the gnawing apprehension many feel that something dramatic is happening all around us.
This is myth-shattering stuff. As Dmitriev notes, “We must begin to organize our attention and thinking to understand that climatic changes on Earth are only one part, or link, in a whole chain of events taking place in the heliosphere [the magnetic field that emanates from the Sun extending throughout the entire solar system and beyond].”
Yet these discoveries do not make the six o’clock news. If they did, they would marginalize the importance of almost every other story, and they would reveal that the institutions to which people have long ago abdicated their power are woefully impotent to do anything about what’s really taking place. The powers that be are less than forthcoming in either addressing these momentous issues or making them known to the general public. Quite the contrary. The 2004 movie The Day after Tomorrow, which depicted cataclysmic changes as a result of the sudden collapse of the Gulf Stream oceanic current — while taking certain liberties with respect to timelines and dramatic effects — is stunningly accurate. Notably, the New York Times published a story the same year entitled NASA Curbs Comments on Ice Age Disaster Movie:14
“No one from NASA is to do interviews or otherwise comment on anything having to do with the film (The Day After Tomorrow),” said the April 1 message, which was sent by Goddard’s [NASA’s Space Flight Center in Greenbelt, Maryland] top press officer. “Any news media wanting to discuss science fiction vs. science fact about climate change will need to seek comment from individuals or organizations not associated with NASA.”
According to the Observer International website15, U.S. President George W. Bush received a clandestine report from the Pentagon describing the reality of imminent climate changes that echoed much of the film’s message. The website article reads:
Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters.
A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a “Siberian” climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world.
The document predicts that abrupt climate change could bring the planet to the edge of anarchy as countries develop a nuclear threat to defend and secure dwindling food, water and energy supplies. The threat to global stability vastly eclipses that of terrorism, say the few experts privy to its contents.
According to another story16 published on the Observer International website, Greg Cist, the Republican House Conference director, also in 2004, sent an email to the press secretaries of Republican congressmen advising them on how to render changes in the global environment a non-issue. The web article says:
It [the email] tells them how global warming has not been proved, air quality is “getting better,” the world’s forests are “spreading, not deadening,” oil reserves are “increasing, not decreasing,” and the “world’s water is cleaner and reaching more people.”
The email — sent on 4 February — warns that Democrats will “hit us hard” on the environment. “In an effort to help your members fight back, as well as be aggressive on the issue, we have prepared the following set of talking points on where the environment really stands today,” it states.
The memo — headed “From medi-scare to air-scare” — goes on: “From the heated debate on global warming to the hot air on forests; from the muddled talk on our nation’s waters to the convolution on air pollution, we are fighting a battle of fact against fiction on the environment — Republicans can’t stress enough that extremists are screaming ‘Doomsday!’ when the environment is actually seeing a new and better day.”
To those who believe there is room for valid scientific debate on the issues of global warming and Earth changes, there is little to say in response to such damping down of information other than to agree that we each have a right to believe whatever gives us comfort. In the end, the facts always speak for themselves and all beliefs are washed away before them. The main issue is the magnitude of what’s happening and how it’s already affecting every object in our solar system, including each human being on this planet. Geologists and other scientists confirm that major shifts have happened every now and then to the Earth and her inhabitants. We seem to be in one of those “nows.”
To understand why shift happens, we need only to refer to Newton’s first law, the law of inertia: “An object at rest or traveling in uniform motion will remain at rest or traveling in uniform motion unless and until an external force is applied.” The PBGS is applying the force, and the solar system and all its elements are responding. The lower life forms are as a matter of course transformed by these energies. But we humans have been given the gift of free choice. Consequently, we cannot make the shift unless we take deliberate and considered action.
How we choose to react to these forces emanating from the central sun of our galaxy is undoubtedly the single most important decision of our lives. Yet humans are subject to the law of inertia as well. For the most part, we resist change unless prompted to shift by pain or suffering. And our ability to adjust to incremental levels of suffering seems to know no limits. We are currently mired in a morass of events that threaten our physical, emotional, and spiritual well-being, yet we still find a way to put on our brave faces and carry on as if nothing is happening.
The forces we are all experiencing are real, far more real than death or taxes. They are occurring not to destroy us but to prompt us to shift to a new level of development. We are being invited to shift along with mother Earth and her sister planets. Our bodies feel it, our sleep patterns reflect it, our thoughts are driven by it, and our awakening consciousness demands that we resonate with it. We are each caught in a compelling current that we can ultimately either resist or join. If we choose to join and ride it, we become willing participants in our own transformation into a higher state of being.
Consider it this way: We each consciously chose to be on this planet at this time so we could take part in this extraordinary cosmic event. To duck it would be to miss everything we came here for.”
1. http://www.williamcalvin.com/BrainForAllSeasons/
2. http://www.crawford2000.co.uk/patrickg.htm
3. http://www.chron.com/content/interactive/space/astronomy/news/1999/ds/990602.html
4. http://www.etheric.com/GalacticCenter/Galactic.html
5. http://www.tmgnow.com/repository/global/planetophysical1.html
6. http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
7. http://www.physorg.com/news8917.html
8. http://www.gsfc.nasa.gov/topstory/20020801gravityfield.html
9. http://www.physorg.com/news8602.html
10. http://www.detailshere.com/volcanos.htm
11. http://www.detailshere.com/earthquakeactivity.htm
12. http://www.bibliotecapleyades.net/esp_divinecosmos.htm
13. http://www.tmgnow.com/repository/global/planetophysical.html
14. http://www.nytimes.com/2004/04/25/national/25MOVI.html?ex’1157083200&en’a6d3090932f76467&ei’5070
15. http://observer.guardian.co.uk/international/story/0,6903,1153513,00.html
16. http://www.guardian.co.uk/usa/story/0,12271,1185379,00.html——————————————————————————–
_________________________________
Jean-Claude Gerard Koven is a writer and speaker based in Rancho Mirage, CA. He is a featured weekly columnist for the UPI (United Press International) Religion and Spirituality Forum and the author of Going Deeper: How to Make Sense of Your Life When Your Life Makes No Sense, recipient of both the Allbooks Reviews editor’s choice award and the USABookNews.com award for the best metaphysical book of the year. For more information, please visit: http://www.goingdeeper.org.
__________________________________©2007. Jean-Claude Gerard Koven / All Rights Reserved. This article is copyrighted, but you have permission to share it through any medium as long as the proper copyright and credit line is included.
__________________________________September 22, 2008 at 8:55 AM #273829ParticipantSept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon, author of “Hamilton’s Blessing,” a chronicle of the national debt. “This is a much-needed declaration of power for the Treasury secretary. We can’t wait until the next administration in January.”
As congressional aides and officials scrutinized the proposal, the Treasury late today clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage-related assets and, after consultation with the Federal Reserve chairman, “other assets, as deemed necessary to effectively stabilize financial markets,” the Treasury said in a statement.
The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
Bigger Than Pentagon
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.
A failure by the government to support the U.S. financial system could lead to “a depression,” Senator Charles Schumer told reporters in New York. “To do nothing is to risk the kind of economic downturn this country hasn’t seen in 60 years.”
The Treasury is seeking authority to step in as buyer of last resort for mortgage-linked assets that few other financial institutions in the world want to buy, following government takeovers of mortgage giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
“Democrats will work with the administration to ensure that our response to events in the financial markets is swift,” House Speaker Nancy Pelosi said in a statement.
Fast Track
The majority party will seek to reduce mortgage foreclosures and create “fast-track authority” for an overhaul of financial regulation, Pelosi said. Democrats will ensure “the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.”
The proposal will include curbs on executive pay for the companies whose assets the government will be buying, Steve Adamske, a spokesman for Representative Barney Frank, said today in an interview.
Democrats also will include a plan to stem foreclosures, which may involve tapping the loan-modification abilities of the Federal Housing Administration, the Federal Deposit Insurance Corp., and Freddie Mac and Fannie Mae, Adamske said. Frank, a Democrat from Massachusetts, is chairman of the House Financial Services Committee.
“The consequences of inaction could be catastrophic,” Senate Majority Leader Harry Reid said in a statement.
`Serious Issues’
“While the Bush proposal raises some serious issues, we need to resolve them quickly,” he said. “I am confident that, working together, we will.”
House minority leader John Boehner, an Ohio Republican, said today he is reviewing the proposal but didn’t say whether he was inclined to support it.
“The American people are furious that we’re in this situation, and so am I,” Boehner said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”
Congress, which may pass legislation as soon as Friday, needs to “make sure there are protections built in for taxpayers,” said Schumer, a New York Democrat on the banking committee. Lawmakers should ensure “taxpayers who gave the money will be put ahead of the stockholders, bondholders and others.”
Paulson is seeking an expansion of federal influence over markets that hasn’t been seen since the Great Depression, said Charles Geisst, author of “100 Years of Wall Street” and a finance professor at Manhattan College in New York.
Hoover Era
Geisst likened the plan to the Reconstruction Finance Corp., which was chartered by Herbert Hoover in 1932 with the goal of boosting economic activity by lending money after credit markets seized up.
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
Ban Legal Challenges
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Hiring Authority
The Treasury plans to hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, a person briefed on the proposal said yesterday. The document specifies that Treasury may buy only assets from U.S.-based financial institutions issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said yesterday in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush today said he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, I thought this guy was a market guy, what happened to him,” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg
September 22, 2008 at 8:55 AM #274076ParticipantSept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon, author of “Hamilton’s Blessing,” a chronicle of the national debt. “This is a much-needed declaration of power for the Treasury secretary. We can’t wait until the next administration in January.”
As congressional aides and officials scrutinized the proposal, the Treasury late today clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage-related assets and, after consultation with the Federal Reserve chairman, “other assets, as deemed necessary to effectively stabilize financial markets,” the Treasury said in a statement.
The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
Bigger Than Pentagon
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.
A failure by the government to support the U.S. financial system could lead to “a depression,” Senator Charles Schumer told reporters in New York. “To do nothing is to risk the kind of economic downturn this country hasn’t seen in 60 years.”
The Treasury is seeking authority to step in as buyer of last resort for mortgage-linked assets that few other financial institutions in the world want to buy, following government takeovers of mortgage giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
“Democrats will work with the administration to ensure that our response to events in the financial markets is swift,” House Speaker Nancy Pelosi said in a statement.
Fast Track
The majority party will seek to reduce mortgage foreclosures and create “fast-track authority” for an overhaul of financial regulation, Pelosi said. Democrats will ensure “the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.”
The proposal will include curbs on executive pay for the companies whose assets the government will be buying, Steve Adamske, a spokesman for Representative Barney Frank, said today in an interview.
Democrats also will include a plan to stem foreclosures, which may involve tapping the loan-modification abilities of the Federal Housing Administration, the Federal Deposit Insurance Corp., and Freddie Mac and Fannie Mae, Adamske said. Frank, a Democrat from Massachusetts, is chairman of the House Financial Services Committee.
“The consequences of inaction could be catastrophic,” Senate Majority Leader Harry Reid said in a statement.
`Serious Issues’
“While the Bush proposal raises some serious issues, we need to resolve them quickly,” he said. “I am confident that, working together, we will.”
House minority leader John Boehner, an Ohio Republican, said today he is reviewing the proposal but didn’t say whether he was inclined to support it.
“The American people are furious that we’re in this situation, and so am I,” Boehner said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”
Congress, which may pass legislation as soon as Friday, needs to “make sure there are protections built in for taxpayers,” said Schumer, a New York Democrat on the banking committee. Lawmakers should ensure “taxpayers who gave the money will be put ahead of the stockholders, bondholders and others.”
Paulson is seeking an expansion of federal influence over markets that hasn’t been seen since the Great Depression, said Charles Geisst, author of “100 Years of Wall Street” and a finance professor at Manhattan College in New York.
Hoover Era
Geisst likened the plan to the Reconstruction Finance Corp., which was chartered by Herbert Hoover in 1932 with the goal of boosting economic activity by lending money after credit markets seized up.
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
Ban Legal Challenges
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Hiring Authority
The Treasury plans to hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, a person briefed on the proposal said yesterday. The document specifies that Treasury may buy only assets from U.S.-based financial institutions issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said yesterday in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush today said he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, I thought this guy was a market guy, what happened to him,” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg
September 22, 2008 at 8:55 AM #274080ParticipantSept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon, author of “Hamilton’s Blessing,” a chronicle of the national debt. “This is a much-needed declaration of power for the Treasury secretary. We can’t wait until the next administration in January.”
As congressional aides and officials scrutinized the proposal, the Treasury late today clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage-related assets and, after consultation with the Federal Reserve chairman, “other assets, as deemed necessary to effectively stabilize financial markets,” the Treasury said in a statement.
The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
Bigger Than Pentagon
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.
A failure by the government to support the U.S. financial system could lead to “a depression,” Senator Charles Schumer told reporters in New York. “To do nothing is to risk the kind of economic downturn this country hasn’t seen in 60 years.”
The Treasury is seeking authority to step in as buyer of last resort for mortgage-linked assets that few other financial institutions in the world want to buy, following government takeovers of mortgage giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
“Democrats will work with the administration to ensure that our response to events in the financial markets is swift,” House Speaker Nancy Pelosi said in a statement.
Fast Track
The majority party will seek to reduce mortgage foreclosures and create “fast-track authority” for an overhaul of financial regulation, Pelosi said. Democrats will ensure “the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.”
The proposal will include curbs on executive pay for the companies whose assets the government will be buying, Steve Adamske, a spokesman for Representative Barney Frank, said today in an interview.
Democrats also will include a plan to stem foreclosures, which may involve tapping the loan-modification abilities of the Federal Housing Administration, the Federal Deposit Insurance Corp., and Freddie Mac and Fannie Mae, Adamske said. Frank, a Democrat from Massachusetts, is chairman of the House Financial Services Committee.
“The consequences of inaction could be catastrophic,” Senate Majority Leader Harry Reid said in a statement.
`Serious Issues’
“While the Bush proposal raises some serious issues, we need to resolve them quickly,” he said. “I am confident that, working together, we will.”
House minority leader John Boehner, an Ohio Republican, said today he is reviewing the proposal but didn’t say whether he was inclined to support it.
“The American people are furious that we’re in this situation, and so am I,” Boehner said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”
Congress, which may pass legislation as soon as Friday, needs to “make sure there are protections built in for taxpayers,” said Schumer, a New York Democrat on the banking committee. Lawmakers should ensure “taxpayers who gave the money will be put ahead of the stockholders, bondholders and others.”
Paulson is seeking an expansion of federal influence over markets that hasn’t been seen since the Great Depression, said Charles Geisst, author of “100 Years of Wall Street” and a finance professor at Manhattan College in New York.
Hoover Era
Geisst likened the plan to the Reconstruction Finance Corp., which was chartered by Herbert Hoover in 1932 with the goal of boosting economic activity by lending money after credit markets seized up.
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
Ban Legal Challenges
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Hiring Authority
The Treasury plans to hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, a person briefed on the proposal said yesterday. The document specifies that Treasury may buy only assets from U.S.-based financial institutions issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said yesterday in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush today said he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, I thought this guy was a market guy, what happened to him,” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg
September 22, 2008 at 8:55 AM #274124ParticipantSept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon, author of “Hamilton’s Blessing,” a chronicle of the national debt. “This is a much-needed declaration of power for the Treasury secretary. We can’t wait until the next administration in January.”
As congressional aides and officials scrutinized the proposal, the Treasury late today clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage-related assets and, after consultation with the Federal Reserve chairman, “other assets, as deemed necessary to effectively stabilize financial markets,” the Treasury said in a statement.
The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
Bigger Than Pentagon
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.
A failure by the government to support the U.S. financial system could lead to “a depression,” Senator Charles Schumer told reporters in New York. “To do nothing is to risk the kind of economic downturn this country hasn’t seen in 60 years.”
The Treasury is seeking authority to step in as buyer of last resort for mortgage-linked assets that few other financial institutions in the world want to buy, following government takeovers of mortgage giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
“Democrats will work with the administration to ensure that our response to events in the financial markets is swift,” House Speaker Nancy Pelosi said in a statement.
Fast Track
The majority party will seek to reduce mortgage foreclosures and create “fast-track authority” for an overhaul of financial regulation, Pelosi said. Democrats will ensure “the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.”
The proposal will include curbs on executive pay for the companies whose assets the government will be buying, Steve Adamske, a spokesman for Representative Barney Frank, said today in an interview.
Democrats also will include a plan to stem foreclosures, which may involve tapping the loan-modification abilities of the Federal Housing Administration, the Federal Deposit Insurance Corp., and Freddie Mac and Fannie Mae, Adamske said. Frank, a Democrat from Massachusetts, is chairman of the House Financial Services Committee.
“The consequences of inaction could be catastrophic,” Senate Majority Leader Harry Reid said in a statement.
`Serious Issues’
“While the Bush proposal raises some serious issues, we need to resolve them quickly,” he said. “I am confident that, working together, we will.”
House minority leader John Boehner, an Ohio Republican, said today he is reviewing the proposal but didn’t say whether he was inclined to support it.
“The American people are furious that we’re in this situation, and so am I,” Boehner said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”
Congress, which may pass legislation as soon as Friday, needs to “make sure there are protections built in for taxpayers,” said Schumer, a New York Democrat on the banking committee. Lawmakers should ensure “taxpayers who gave the money will be put ahead of the stockholders, bondholders and others.”
Paulson is seeking an expansion of federal influence over markets that hasn’t been seen since the Great Depression, said Charles Geisst, author of “100 Years of Wall Street” and a finance professor at Manhattan College in New York.
Hoover Era
Geisst likened the plan to the Reconstruction Finance Corp., which was chartered by Herbert Hoover in 1932 with the goal of boosting economic activity by lending money after credit markets seized up.
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
Ban Legal Challenges
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Hiring Authority
The Treasury plans to hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, a person briefed on the proposal said yesterday. The document specifies that Treasury may buy only assets from U.S.-based financial institutions issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said yesterday in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush today said he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, I thought this guy was a market guy, what happened to him,” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg
September 22, 2008 at 8:55 AM #274148ParticipantSept. 20 (Bloomberg) — The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.
The plan, designed by Treasury Secretary Henry Paulson, is aimed at averting a credit freeze that would bring the financial system and economic growth to a standstill. The bill would bar courts from reviewing actions taken under its authority.
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon, author of “Hamilton’s Blessing,” a chronicle of the national debt. “This is a much-needed declaration of power for the Treasury secretary. We can’t wait until the next administration in January.”
As congressional aides and officials scrutinized the proposal, the Treasury late today clarified the types of assets it would purchase. Paulson would have authority to buy home loans, mortgage-backed securities, commercial mortgage-related assets and, after consultation with the Federal Reserve chairman, “other assets, as deemed necessary to effectively stabilize financial markets,” the Treasury said in a statement.
The Treasury would also have discretion, after discussions with the Fed, to make non-U.S. financial institutions eligible under the program.
Bigger Than Pentagon
The plan would raise the ceiling on the national debt and spend as much as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. Paulson is asking for the power to hire asset managers and award contracts to private companies. Most provisions of the proposal expire after two years from the date of enactment.
A failure by the government to support the U.S. financial system could lead to “a depression,” Senator Charles Schumer told reporters in New York. “To do nothing is to risk the kind of economic downturn this country hasn’t seen in 60 years.”
The Treasury is seeking authority to step in as buyer of last resort for mortgage-linked assets that few other financial institutions in the world want to buy, following government takeovers of mortgage giants Fannie Mae and Freddie Mac and insurer American International Group Inc.
“Democrats will work with the administration to ensure that our response to events in the financial markets is swift,” House Speaker Nancy Pelosi said in a statement.
Fast Track
The majority party will seek to reduce mortgage foreclosures and create “fast-track authority” for an overhaul of financial regulation, Pelosi said. Democrats will ensure “the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms.”
The proposal will include curbs on executive pay for the companies whose assets the government will be buying, Steve Adamske, a spokesman for Representative Barney Frank, said today in an interview.
Democrats also will include a plan to stem foreclosures, which may involve tapping the loan-modification abilities of the Federal Housing Administration, the Federal Deposit Insurance Corp., and Freddie Mac and Fannie Mae, Adamske said. Frank, a Democrat from Massachusetts, is chairman of the House Financial Services Committee.
“The consequences of inaction could be catastrophic,” Senate Majority Leader Harry Reid said in a statement.
`Serious Issues’
“While the Bush proposal raises some serious issues, we need to resolve them quickly,” he said. “I am confident that, working together, we will.”
House minority leader John Boehner, an Ohio Republican, said today he is reviewing the proposal but didn’t say whether he was inclined to support it.
“The American people are furious that we’re in this situation, and so am I,” Boehner said in a statement. “We need to do everything possible to protect the taxpayers from the consequences of a broken Washington.”
Congress, which may pass legislation as soon as Friday, needs to “make sure there are protections built in for taxpayers,” said Schumer, a New York Democrat on the banking committee. Lawmakers should ensure “taxpayers who gave the money will be put ahead of the stockholders, bondholders and others.”
Paulson is seeking an expansion of federal influence over markets that hasn’t been seen since the Great Depression, said Charles Geisst, author of “100 Years of Wall Street” and a finance professor at Manhattan College in New York.
Hoover Era
Geisst likened the plan to the Reconstruction Finance Corp., which was chartered by Herbert Hoover in 1932 with the goal of boosting economic activity by lending money after credit markets seized up.
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
Ban Legal Challenges
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Hiring Authority
The Treasury plans to hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, a person briefed on the proposal said yesterday. The document specifies that Treasury may buy only assets from U.S.-based financial institutions issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said yesterday in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush today said he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, I thought this guy was a market guy, what happened to him,” the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1hr1v2FUeAg
September 22, 2008 at 10:33 AM #273844partypup
ParticipantEnorah — I am reeling from that post! Wow. This puts so much into perspective for me. I have always had the feeling that there is something bigger at work all around us, just beyond our realm of consciousness; a feeing that the world around us was not quite as it *appeared*. Perhaps this is why “The Matrix” always resonated so deeply with me.
I am definitely going to take a look at the links in your post today and pass along to friends of mine who are also awakening to the importance of the coming *shift*.
I have the nagging feeling that in a couple of years, the housing bubble will quite possibly be the last thing on anyone’s mind.
September 22, 2008 at 10:33 AM #274091ParticipantEnorah — I am reeling from that post! Wow. This puts so much into perspective for me. I have always had the feeling that there is something bigger at work all around us, just beyond our realm of consciousness; a feeing that the world around us was not quite as it *appeared*. Perhaps this is why “The Matrix” always resonated so deeply with me.
I am definitely going to take a look at the links in your post today and pass along to friends of mine who are also awakening to the importance of the coming *shift*.
I have the nagging feeling that in a couple of years, the housing bubble will quite possibly be the last thing on anyone’s mind.
September 22, 2008 at 10:33 AM #274095ParticipantEnorah — I am reeling from that post! Wow. This puts so much into perspective for me. I have always had the feeling that there is something bigger at work all around us, just beyond our realm of consciousness; a feeing that the world around us was not quite as it *appeared*. Perhaps this is why “The Matrix” always resonated so deeply with me.
I am definitely going to take a look at the links in your post today and pass along to friends of mine who are also awakening to the importance of the coming *shift*.
I have the nagging feeling that in a couple of years, the housing bubble will quite possibly be the last thing on anyone’s mind.
September 22, 2008 at 10:33 AM #274140ParticipantEnorah — I am reeling from that post! Wow. This puts so much into perspective for me. I have always had the feeling that there is something bigger at work all around us, just beyond our realm of consciousness; a feeing that the world around us was not quite as it *appeared*. Perhaps this is why “The Matrix” always resonated so deeply with me.
I am definitely going to take a look at the links in your post today and pass along to friends of mine who are also awakening to the importance of the coming *shift*.
I have the nagging feeling that in a couple of years, the housing bubble will quite possibly be the last thing on anyone’s mind.
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