"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

The headquarters of the Corruption Eradication Commission (KPK) in 
Jakarta. (BeritaSatu Photo)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Tuesday, January 27, 2009

Derivatives May Land Banks In Court

The Jakarta Globe, Ardian Wibisono & Teguh Prasetyo, January 27, 2009

Containers loading at Jakarta International Container Terminal at Tanjung Priok port. Exporters and importers may resort to action against banks to prevent further losses from speculative investment products. (Photo: Yudhi Sukma Wijaya, JG)

Exporters and importers may resort to legal action against banks to prevent further losses from complicated, speculative investment products such as derivatives. 

Toto Dirgantoro, chairman of the Indonesian Exporters Association, or GPEI, said some members have complained that banks pushed them into signing derivatives contracts without properly explaining the potential risks involved. 

“Some of our members have asked to cancel their contracts, but the banks have refused,” Toto said on Monday. “If these banks continue to refuse to cancel these contracts, we’ll pursue legal action.” 

Derivatives are financial instruments that derive value from one or more underlying assets, including currencies, stocks or commodities. These contracts, which are usually held for hedging or speculative purposes, include futures and options. 

Banks usually offer derivatives to take advantage of exchange-rate fluctuations. In Indonesia, these products have mainly been offered by foreign banks or lenders partly owned by foreign institutions. 

Toto said many of its members were offered derivative contracts when the US dollar was still hovering around Rp 9,200 . A typical derivative scheme from the past year, he said, required a firm to sell a specified amount of US dollars per week for a period of a year to banks at an agreed rate of Rp 9,800 per dollar. 

“Lots of exporters and importers were attracted to derivatives because they thought they would be profitable,” Toto said. “They were unaware of the risks involved if the rupiah fell, and the banks did not offer customers the option to cancel contracts if the rupiah plummeted.” 

Many exporters and importers began to encounter problems when the global financial crisis caused the rupiah and commodity prices to plunge in September. 

The rupiah bottomed out at Rp 12,600 on Nov. 20. At this point, holders of derivative contracts had to buy dollars in the open market at higher rates, and then sell them back to the banks at the agreed rates. 

Many exporters were hammered as weakening exports meant they brought in fewer dollars. Toto said he did not know the extent of these losses. “One company held a contract worth more than $10 million,” he said. 

In December, Bank Indonesia, the central bank, banned banks from signing new derivative contracts to speculate on the movement of the rupiah. Existing contracts were permitted to continue, however. 

Wimboh Santoso, BI’s bureau chief of financial system stabilization, said contracts can be canceled if both parties agree to terminate the transactions. 

BI will mediate in disputes and offers a range of restructuring schemes, including the option of converting customer liabilities into loans that have to be paid back gradually. Toto said companies and banks should ideally pursue other avenues, however. 

“We don’t want these contracts to be converted into loans because we didn’t borrow this money for productive purposes,” Toto said. “We’re proposing that banks cancel these contracts and share the losses 50-50. That’s the only fair way.” 

Last week, BI said that derivative-related losses at banks could significantly erode their 2008 net profits. PT Bank Danamon Tbk recently announced that its 2008 net profit fell by 29 percent to Rp 1.5 trillion , from Rp 2.11 trillion in 2007. The decline was due to a loss of Rp 800 billion on forward foreign-exchange contracts.

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