Golden Age of Gaia

Toward a World that Works for Everyone

Menu
  • Home
    • About The Staff
    • FAQs
    • Glossary
    • Privacy Policy
    • Terms of Service
    • Downloads Page
    • Close
  • Contact Us
  • Commentary
    • Charlie
    • Kat
    • Kathleen Mary Willis
    • Narendra Mishra
    • Sitara
    • Steve Beckow
    • Suzanne Maresca
    • Writer’s Corner
    • Close
  • News
    • Ascension
    • Accountability
    • Building Nova Earth 1
    • Channelings/Commentary
    • Reval/GCR/Stewardship/Abundance
    • Homelessness
    • InLight Universal Shows
    • New Maps of Heaven
    • Opioid Crisis
    • Politics
    • Spirituality
    • Close
  • Library
  • Hope Chest
    • Hope Chest: Frequently Asked Questions
    • Close
  • Forums
  • Donate
/ Home / Accountability / Financial Crash / The Big Short: How Wall Street Destroyed Main Street
post

The Big Short: How Wall Street Destroyed Main Street

Print Friendly, PDF & Email

Posted by Jim Q.

Burningplatform.com

https://theburningplatform.com/blog/2010/05/10/the-big-short-how-wall-street-destroyed-main-street/

Day after day, bankers have been paraded before Congressional committees regarding their role in the financial crisis which brought the financial system to the edge of the abyss on September 18,2008. Every one has claimed that they were not responsible in any way for the disaster. They blame once in a lifetime circumstances that no one could have anticipated. It was a perfect storm and they had no way of knowing. These Harvard MBA Wall Street geniuses, who collected compensation in excess of $100 million each before the collapse,  had no idea what was going on within their own firms.

Ignorance and stupidity is no excuse for losing a trillion dollars. The truth is that the CEO’s of all the Wall Street banks encouraged a casino culture of greed and gambling. The generation of fees became the sole driving incentive for every firm. It started with collateralizing subprime mortgages into packages of mortgage backed securities. Then they created Credit Default Swaps as insurance on these mortgages. When they ran out of chumps to put into houses, they created side bets with Credit Default Obligations that didn’t require an actual homeowner.

The fees generated by creating this crap were incomprehensible. The Masters of the Universe were taking home pay packages of $25 million and weren’t satisfied. They only made one small mistake. They deluded themselves into thinking the crap they were selling to suckers wasn’t actually crap. They ended up buying their own toxic paper. Even though they knew that the ratings agencies were basically whoring out AAA ratings for fees, they believed that AAA rated securities they were buying and insuring weren’t actually worthless. They didn’t understand that they had created Frankenderivatives. Author Michael Lewis has done a fantastic job making this sordid tale of greed understandable to the common person.

You are probably thinking that the title of this article is strange, but you will understand in a few minutes. Michael Lewis wrote the classic Wall Street book about the greed of the 1980’s Liar’s Poker, published in 1989. He detailed the absurdity and greed of Wall Street from his firsthand experiences working at Salomon Brothers fresh out of college. He captured the destructive culture of Wall Street in a very funny 290 page classic. He immortalized the term Big Swinging Dick regarding Salomon (”If he could make millions of dollars come out of those phones, he became that most revered of all species: a Big Swinging Dick.”). He also described the act of Blowing up a customer -Successfully convincing a customer to purchase an investment product which ends up declining rapidly in value, forcing the client to withdraw from the market.

He described an old mortgage bond trader named Donnie Green who once stopped a young callow salesman on his way out the door to catch a flight from New York to Chicago. Green tossed the salesman a ten dollar bill. “Hey, take out some crash insurance for yourself in my name”, he said. “Why?” asked the salesman. “I feel lucky,” said Green. Some other memorable snippets included:

  • The larger the number of people involved, the easier it was for them to delude themselves that what they were doing must be smart. The first thing you learn on the trading floor is that when large numbers of people are after the same commodity, be it a stock, a bond, or a job, the commodity quickly becomes overvalued.
  • In any market, as in any poker game, there is a fool. The astute investor Warren Buffet is fond of saying that any player unaware of the fool in the market probably is the fool in the market.
  • The firm’s management created a training programme, filled it to the brim, then walked away. In the ensuing anarchy the bad drove out the good, the big drove out the small, and the brawn drove out the brains.
  • Whenever calculus is brought in, or higher algebra, you could take it as a warning signal that the operator was trying to substitute theory for experience.
  • The only thing that history teaches us, a wise man once said, is that history doesn’t teach us anything.
  • That was how a Salomon bond trader thought: he forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared or desperate, he herded them like sheep into a corner, then made them pay for their uncertainty. He sat on the market until it puked gold coins. Then he worried about what he wanted to do.
  • Stupid customers (the fools in the market) were a wonderful asset, but at some level of ignorance they became a liability – they went broke.

Michael expected that his book would convince many smart college students to pass on Wall Street and pursue worthwhile careers. Instead he was bombarded with fan mail thanking him for making Wall Street seem so appealing. The unquenchable desire for millions in compensation and unfettered greed on Wall Street only grew during the two decades since his book.

He has now book-ended two decades of greed with his latest masterpiece  The Big Short: Inside the Doomsday Machine. He was able to link the two books by interviewing John Gutfreund, his former boss at Salomon Brothers, at the end of his new book. Lewis is able to explain the most recent financial crisis caused by Wall Street through the eyes of a few oddball skeptics. It is a truly enlightening book and reveals the true nature of the Wall Street mega-banks. Lewis summarizes the big picture in the following sequence:

By early 2005, the sub-prime mortgage machine was up and running again. If the first act of sub-prime lending had been freaky, this second act was terrifying. $30bn was a big year for sub-prime lending in the mid-1990s. In 2005 there would be $625bn in sub-prime mortgage loans, $507bn of which found its way into mortgage bonds. Even more shocking was that the terms of the loans were changing in ways that increased the likelihood they would go bad. Back in 1996, 65% of sub-prime loans had been fixed-rate. By 2005, 75% were some form of floating rate, usually fixed for the first two years.

By the time Greg Lippmann, the head sub-prime guy at Deutsche Bank, turned up in the FrontPoint conference room, in February 2006, Steve Eisman knew enough about the bond market to be wary. Lippmann’s aim was to sell Eisman on what he claimed was his own original brilliant idea for betting against – or short selling – the sub-prime mortgage bond market.

Eisman didn’t understand. Lippmann wasn’t even a bond salesman; he was a bond trader: “In my entire life, I never saw a sell-side guy come in and say, ‘Short my market.’” But Lippmann made his case with a long and involved presentation: over the last three years, housing prices had risen far more rapidly than they had over the previous 30; they had not yet fallen but they had ceased to rise; even so, the loans against them were now going sour in their first year at amazing rates.

He showed Eisman this little chart that illustrated an astonishing fact: since 2000, people whose homes had risen in value between 1% and 5% were nearly four times more likely to default on their home loans than people whose homes had risen in value more than 10%. Millions of Americans had no ability to repay their mortgages unless their houses rose dramatically in value, which enabled them to borrow even more. That was the pitch in a nutshell: home prices didn’t even need to fall; they merely needed to stop rising at the unprecedented rates they had been for vast numbers of Americans to default on their home loans.

Lippmann’s presentation was just a fancy way to describe the idea of betting against US home loans: buying credit default swaps on the crappiest sub-prime mortgage bonds. The beauty of the credit default swap, or CDS, was that it solved the timing problem. Eisman no longer needed to guess exactly when the sub-prime mortgage market would crash. It also allowed him to make the bet without laying down cash up front, and put him in a position to win many times the sums he could possibly lose. Worst case: insolvent Americans somehow paid off their sub-prime mortgage loans, and you were stuck paying an insurance premium of roughly 2% a year for as long as six years – the longest expected life span of the putatively 30-year loans.

Eisman could imagine very little that would give him so much pleasure as going to bed each night, possibly for the next six years, knowing he was shorting a financial market he’d come to know and despise, and was certain would one day explode.

In the summer of 2006, house prices peaked and began to fall. For the entire year they would fall, nationally, by 2%. By that autumn, Lippmann had made his case to hundreds more investors. Yet only 100 or so dabbled in the new market for credit default swaps on sub-prime mortgage bonds. A smaller number of people still – more than 10, fewer than 20 – made a straightforward bet against the entire multi-trillion-dollar sub-prime mortgage market and, by extension, the global financial system. The catastrophe was foreseeable, yet only a handful noticed.

Eisman was odd in his conviction that the leveraging of middle-class America was a corrupt and corrupting event. At the annual sub-prime conference that year, Eisman walked around the Venetian hotel in Las Vegas – with its penny slots and cash machines that spat out $100 bills – and felt depressed. It was overrun by thousands of white men now earning their living, one way or another, off sub-prime mortgages.

Later, whenever Eisman set out to explain to others the origins of the financial crisis, he would start with what he learned in Las Vegas. He’d draw a picture of several towers of debt. The first tower was the original sub-prime loans that had been piled together. At the top of this tower was the safest triple-A rated tranche, just below it the double-A tranche, and so on down to the riskiest, triple-B tranche – the bonds Eisman had bet against. The Wall Street firms had taken these triple-B tranches – the worst of the worst – to build yet another tower of bonds: a collateralised debt obligation. Like the credit default swap, the CDO had been invented to redistribute the risk of corporate and government bond defaults, and was now being rejigged to disguise the risk of sub-prime mortgage loans.

It was in Vegas that Eisman finally understood the madness of the machine. He’d been making these side bets with major investment banks on the fate of the triple-B tranche of sub-prime mortgage-backed bonds without fully understanding why those firms were so eager to accept them. Now he got it: the credit default swaps, filtered through the CDOs, were being used to replicate bonds backed by actual home loans. There weren’t enough Americans with shitty credit taking out loans to satisfy investors’ appetite for the end product. Wall Street needed his bets in order to synthesize more of them. “They weren’t satisfied getting lots of unqualified borrowers to borrow money to buy a house they couldn’t afford,” Eisman says. “They were creating them out of whole cloth. One hundred times over! That’s why the losses in the financial system are so much greater than just the sub-prime loans. That’s when I realised they needed us to keep the machine running. I was like, This is allowed?”

It was in Las Vegas that Eisman and his associates’ attitude toward the US bond market hardened into something like its final shape. The question lingering at the back of their minds ceased to be, do these bond market people know something we do not? It was replaced by, do they deserve merely to be fired, or should they be put in jail? Are they delusional, or do they know what they’re doing?

On the surface, these big Wall Street firms appeared robust; below the surface, Eisman was beginning to think, their problems might not be confined to a potential loss of revenue. He’d go to meetings with Wall Street CEOs and ask them the most basic questions: “They didn’t know their own balance sheets.”

I now have a new hero to worship. His name is Steve Eisman. He is a total prick. Whenever he opens his mouth in public, his two associates – Vincent Daniel and Danny Moses – sink down in their seats in anticipation of him saying something truly outrageous and true. In this book Lewis details how a few skeptical oddball guys figured out that the subprime mortgage market was the scam of the century and tried desperately to call attention to what was happening. The fact that they got unbelievably rich in the process is really secondary to the story of corruption, greed and stupidity by Wall Street bankers, the ratings agencies Moodys and S&P, the SEC, and the American homeowners.

The subprime mortgage market was miniscule during the 1990’s. Steve Eisman, Michael Burry, and 3 guys named Charlie Ledley, Jamie Mai, and Ben Hockett operating out of a garage with $1 million, figured out independently from each other that as the 2000’s progressed an immense bubble of bad debt was being created. The question was how could they take advantage of their discovery.

Eisman had a disdain for the companies in the subprime mortgage industry because he knew they were taking advantage of ignorant poor people. Household Finance was peddling these misleading loans and the CEO sold out to HSBC before the disaster struck. Eisman said, “It was engaged in blatant fraud. They should have taken the CEO out and hung him up by his fucking testicles. Instead they sold the company and the CEO made a hundred million dollars.” After this he made it his life’s mission to expose the fraud in this market.

Vinny Daniel was Eisman’s analyst and Danny Moses was his trader. Vinny was from Queens and trusted no one. Eisman described him as “Very dark.” He dug into the transaction details and fed the info to Steve. Danny didn’t trust anyone on Wall Street.

When a Wall Street firm helped him to get into a trade that seemed perfect in every way, he asked the salesman, “I appreciate this, but I just want to know one thing: How are you going to fuck me?”

Heh-heh-heh, c’mon, we’d never do that, the trader started to say, but Danny, though perfectly polite, was insistent. “We both know that unadulterated good things like this trade don’t just happen between little hedge funds and big Wall Street firms. I’ll do it, but only after you explain to me how you are going to fuck me.” And the salesman explained how he was going to fuck him. And Danny did the trade.

Eisman and his colleagues did real due diligence on the market. They flew around the country, attended subprime conferences and grilled CEOs and the ratings agencies. Lewis detailed these efforts in the book:

Moses actually flew down to Miami and wandered around neighborhoods built with subprime loans to see how bad things were. “He’d call me and say, ‘Oh my God, this is a calamity here,’ ” recalls Eisman. All that was required for the BBB bonds to go to zero was for the default rate on the underlying loans to reach 14 percent. Eisman thought that, in certain sections of the country, it would go far, far higher.

The funny thing, looking back on it, is how long it took for even someone who predicted the disaster to grasp its root causes. They were learning about this on the fly, shorting the bonds and then trying to figure out what they had done. Eisman knew subprime lenders could be scumbags. What he underestimated was the total unabashed complicity of the upper class of American capitalism. For instance, he knew that the big Wall Street investment banks took huge piles of loans that in and of themselves might be rated BBB, threw them into a trust, carved the trust into tranches, and wound up with 60 percent of the new total being rated AAA.

But he couldn’t figure out exactly how the rating agencies justified turning BBB loans into AAA-rated bonds. “I didn’t understand how they were turning all this garbage into gold,” he says. He brought some of the bond people from Goldman Sachs, Lehman Brothers, and UBS over for a visit. “We always asked the same question,” says Eisman. “Where are the rating agencies in all of this? And I’d always get the same reaction. It was a smirk.” He called Standard & Poor’s and asked what would happen to default rates if real estate prices fell. The man at S&P couldn’t say; its model for home prices had no ability to accept a negative number. “They were just assuming home prices would keep going up,” Eisman says.

As an investor, Eisman was allowed on the quarterly conference calls held by Moody’s but not allowed to ask questions. The people at Moody’s were polite about their brush-off, however. The C.E.O. even invited Eisman and his team to his office for a visit in June 2007. By then, Eisman was so certain that the world had been turned upside down that he just assumed this guy must know it too. “But we’re sitting there,” Daniel recalls, “and he says to us, like he actually means it, ‘I truly believe that our rating will prove accurate.’ And Steve shoots up in his chair and asks, ‘What did you just say?’ as if the guy had just uttered the most preposterous statement in the history of finance. He repeated it. And Eisman just laughed at him.”

“With all due respect, sir,” Daniel told the C.E.O. deferentially as they left the meeting, “you’re delusional.”

This wasn’t Fitch or even S&P. This was Moody’s, the aristocrats of the rating business, 20 percent owned by Warren Buffett. And the company’s C.E.O. was being told he was either a fool or a crook by one Vincent Daniel, from Queens.

Eisman, Daniel, and Moses then flew out to Las Vegas for an even bigger subprime conference. By now, Eisman knew everything he needed to know about the quality of the loans being made. He still didn’t fully understand how the apparatus worked, but he knew that Wall Street had built a doomsday machine. He was at once opportunistic and outraged.

Their first stop was a speech given by the C.E.O. of Option One, the mortgage originator owned by H&R Block. When the guy got to the part of his speech about Option One’s subprime-loan portfolio, he claimed to be expecting a modest default rate of 5 percent. Eisman raised his hand. Moses and Daniel sank into their chairs. “It wasn’t a Q&A,” says Moses. “The guy was giving a speech. He sees Steve’s hand and says, ‘Yes?’”

“Would you say that 5 percent is a probability or a possibility?” Eisman asked.

A probability, said the C.E.O., and he continued his speech.

Eisman had his hand up in the air again, waving it around. Oh, no, Moses thought. “The one thing Steve always says,” Daniel explains, “is you must assume they are lying to you. They will always lie to you.” Moses and Daniel both knew what Eisman thought of these subprime lenders but didn’t see the need for him to express it here in this manner. For Eisman wasn’t raising his hand to ask a question. He had his thumb and index finger in a big circle. He was using his fingers to speak on his behalf. Zero! they said.

“Yes?” the C.E.O. said, obviously irritated. “Is that another question?”

“No,” said Eisman. “It’s a zero. There is zero probability that your default rate will be 5 percent.” The losses on subprime loans would be much, much greater. Before the guy could reply, Eisman’s cell phone rang. Instead of shutting it off, Eisman reached into his pocket and answered it. “Excuse me,” he said, standing up. “But I need to take this call.” And with that, he walked out.

His dinner companion in Las Vegas ran a fund of about $15 billion and managed C.D.O.’s backed by the BBB tranche of a mortgage bond, or as Eisman puts it, “the equivalent of three levels of dog shit lower than the original bonds.”

FrontPoint had spent a lot of time digging around in the dog shit and knew that the default rates were already sufficient to wipe out this guy’s entire portfolio. “God, you must be having a hard time,” Eisman told his dinner companion.

“No,” the guy said, “I’ve sold everything out.”

Whatever rising anger Eisman felt was offset by the man’s genial disposition. Not only did he not mind that Eisman took a dim view of his C.D.O.’s; he saw it as a basis for friendship. “Then he said something that blew my mind,” Eisman tells me. “He says, ‘I love guys like you who short my market. Without you, I don’t have anything to buy.’ ”

That’s when Eisman finally got it. Here he’d been making these side bets with Goldman Sachs and Deutsche Bank on the fate of the BBB tranche without fully understanding why those firms were so eager to make the bets. Now he saw. There weren’t enough Americans with shitty credit taking out loans to satisfy investors’ appetite for the end product. The firms used Eisman’s bet to synthesize more of them. Here, then, was the difference between fantasy finance and fantasy football: When a fantasy player drafts Peyton Manning, he doesn’t create a second Peyton Manning to inflate the league’s stats. But when Eisman bought a credit-default swap, he enabled Deutsche Bank to create another bond identical in every respect but one to the original. The only difference was that there was no actual homebuyer or borrower. The only assets backing the bonds were the side bets Eisman and others made with firms like Goldman Sachs. Eisman, in effect, was paying to Goldman the interest on a subprime mortgage. In fact, there was no mortgage at all. “They weren’t satisfied getting lots of unqualified borrowers to borrow money to buy a house they couldn’t afford,” Eisman says. “They were creating them out of whole cloth. One hundred times over! That’s why the losses are so much greater than the loans. But that’s when I realized they needed us to keep the machine running. I was like, This is allowed?”

Steve Eisman had virtually no respect for the large Wall Street firms, particularly Merrill Lynch. His speech below is reminiscent of  Tom Joad’s memorable “I’ll be there” dialogue in The Grapes of Wrath:

“We have a simple thesis,” Eisman explained. “There is going to be a calamity, and whenever there is a calamity, Merrill is there.” When it came time to bankrupt Orange County with bad advice, Merrill was there. When the internet went bust, Merrill was there. Way back in the 1980s, when the first bond trader was let off his leash and lost hundreds of millions of dollars, Merrill was there to take the hit. That was Eisman’s logic—the logic of Wall Street’s pecking order. Goldman Sachs was the big kid who ran the games in this neighborhood. Merrill Lynch was the little fat kid assigned the least pleasant roles, just happy to be a part of things. The game, as Eisman saw it, was Crack the Whip. He assumed Merrill Lynch had taken its assigned place at the end of the chain.

As the financial system crashed on September 18, 2008 and the protagonists of the story became rich beyond all belief, there was no joy. They weren’t happy that they had been proven right. They were disgusted by the entire Wall Street culture. Michael Burry shut down his fund in disgust with his ungrateful investors. The system broke and the Wall Street gamblers should have paid the consequences. Instead, the US taxpayer bailed them out. In the twenty years since Lewis had written Liar’s Poker, Wall Street became greedier, nastier, more corrupt, more arrogant and more incompetent.  He traced the biggest financial disaster in history back to his old boss John Gutfreund. His decision to convert Salomon Brothers from a private partnership to a public corporation opened Pandora’s Box. The other Wall Street partnerships followed like lemmings. The risk of failure was shifted from the partners to the shareholders and the citizens of the United States. Lewis details this fateful decision:

From that moment, though, the Wall Street firm became a black box. The shareholders who financed the risks had no real understanding of what the risk takers were doing, and as the risk-taking grew ever more complex, their understanding diminished. The moment Salomon Brothers demonstrated the potential gains to be had by the investment bank as public corporation, the psychological foundations of Wall Street shifted from trust to blind faith.

No investment bank owned by its employees would have levered itself 35 to 1 or bought and held $50 billion in mezzanine C.D.O.’s. I doubt any partnership would have sought to game the rating agencies or leap into bed with loan sharks or even allow mezzanine C.D.O.’s to be sold to its customers. The hoped-for short-term gain would not have justified the long-term hit.

This decision unhinged the concept of risk from the concept of return. Compensation was no longer tied to long term profits and success. Clients were no longer the customer. They were just fee-generating suckers. Wall Street kept all the profits, took ungodly risks, lost trillions and got bailed out by Main Street. The poker game continues, as these criminals are again paying themselves billions in bonuses at the expense of Main Street. Michael Lewis completes the 20 year circle of greed with his brilliant book:

“The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it. All shared a distinction: they had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger’s syndrome. … The world’s most powerful and most highly paid financiers had been entirely discredited; without government intervention every single one of them would have lost his job; and yet these same financiers were using the government to enrich themselves.”

CAST OF CHARACTERS

STEVE EISMAN – Manager of FrontPoint Financial Services hedge fund, which was owned by Morgan Stanley. During the financial crisis he wished he could have shorted Morgan Stanley. “Even on Wall Street people think he’s rude and obnoxious and aggressive,” says Eisman’s wife. “He has no interest in manners. He’s not tactically rude. He’s sincerely rude. He knows everyone thinks of him as a character but he doesn’t think of himself that way. Steven lives inside his head.”

The Big Short: How Wall Street The upper classes in this country raped this country. You fucked people. You built a castle to rip people off. Not once in all these years have I come across a person inside a big Wall Street firm who was having a crisis of conscience. Nobody ever said ‘This is wrong’.” Eisman understood Wall Street thoroughly: “What I learned from that experience was that Wall Street didn’t give a shit what it sold.”

MICHAEL BURRY – One eyed doctor turned investment manager who discovered he had Asperger’s Syndrome during his quest to be proven right about subprime mortgages being worthless. He figured it out in 2003 by himself. Burry had been “the first investor to diagnose the disorder in the American financial system.” Complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it.

STEVE LIPPMAN – Took Michael Burry’s idea about shorting subprime mortgages and sold it across Wall Street in order to hedge Deutsche Bank’s own subprime portfolio. “I love Greg,” said one of his bosses at Deutsche Bank. “I have nothing bad to say about him except that he’s a fucking whack job.” A trader who worked near him for years referred to him as “the asshole known as Greg Lippman.”

HOWIE HUBLER – Single handedly lost $9 billion for Morgan Stanley with one trade. He was the ultimate Big Swinging Dick as the head of mortgage bond trading who made $25 million the year he lost the $9 billion. CEO John Mack had no clue what his bond traders were doing. Hubler went on vacation and never came back.

PreviewScreenSnapz002.jpg

John Gutfreund                       Michael Lewis

Share this:

  • Twitter
  • Facebook
  • Reddit
  • Email

Subscribe to the Golden Age of Gaia

Recent Posts

  • Let Go of Any Fear of a Nuclear Holocaust
  • “I was the Hunted. Now I am the Hunter”
  • What We Are and Will Be Witnessing and Experiencing
  • From Darkness Unto Light, 20 June 2025 Update
  • Calling All System Busters!
  • Alphawarrior on X ~ The Flag has Risen, the Signal Is Live
  • Digger: Seven Minutes to Noon
  • Saint Germain: What’s Next
  • The 9D Arcturian Council: The Solstice Energies, the Rest of 2025 & Beyond
  • Judith Kusel: Cosmic Breakthrough Moment

Archives

It’s “Official”!

What is the Purpose of Life?


Click on graphic

Time to Prepare for the Emergency Broadcasts?

An RV Checklist

Before and After the Reval

You’re invited to take some time out to read our wide-ranging selection

Breaking

Joe Biden: The President Who Never Was

You Have Prepared

https://goldenageofgaia.com/wp-content/uploads/2025/05/Mary-Had-a-Little-Lamb-2.mp4

See From Darkness Unto Light – GCR, EBS, G/NESARA

Divine Mandates

Archangel Michael on Why All This Conflict is Occurring

Jesus: You are Bringing to Light What Needs to be Revealed

  • You live in tumultuous times and you live in a time of fulfilment. … You are leaving compassion and latitude for correction and understanding.
  • You are bringing to light what needs to be revealed so it doesn’t destroy the fiber of your society. …
 When you see the shadow, it defines the light.  (Jesus through Linda Dillon, Heart Call, Sept. 19, 2020.)

St. Germain: Action Against the Dark is in Accord with the Plan

Reign of Darkness is Over Once and for All

The Cabal’s Tin Toys and Party Favors

Aurora TR3-B

Adamu of the Pleiadian Monad: Please, take a second. Try to think.

If we are able to surround your planet with millions of ships of living light….

The Trump Effect

President Trump’s Second Declaration of Independence

The Greatest Show on Earth

Channeling President Trump

Trump Surprises Everyone

https://goldenageofgaia.com/wp-content/uploads/2024/12/Trump-Approaches-Homeless-Veteran-Woman.mp4

Stands and Declarations

Digger: Address to Councils

The Question of Sending Love and Light

Can sending love and light be harmful?

We are the People of the Internet

https://goldenageofgaia.com/wp-content/uploads/2024/02/We-are-the-people-of-the-Internet.mp4
  • (This video can no longer be found on the Internet!)
  • The next, Love Revolution will happen, I predict, on the Internet

We are the World (1985)

Journalists vs Conspiracy Theorists

Can’t Say It More Clearly Than This

Hammer Blow to Woke Elites

https://goldenageofgaia.com/wp-content/uploads/2024/11/Trump_-a-Hammer-Blow-to-Britains-Demented-Woke-Elites.mp4

A Global “No!” to the Deep State

1969 Doctors and Health Professionals: End all CV19 Measures

The Glorious Revival: Statement of Principles

The Rights of All Persons & The Duties of Government

The Westminster Declaration

The Hope Accord

MEGA MAGA: Making America Great Again while Making Planet Earth Great Again Too!

America shows the way to making Earth great again! All honor to America.

Issues and Warnings

Nothing Is as It Appears

A cogent analysis of the Alliance’s moves and countermoves against the deep state.

What’s Next?

The Reval, G/NESARA, and building Nova Earth….

A Word in Defense of Candace Owens

Candace argues from a more expanded view than most of us.

On Canada and the United States Uniting

An Inadequate View of Reality

No one group is the root of all evil in the world.

The Perfect Primer

The perfect primer for answering questions from the newly-awakened.

How Do I Make Sense of Our World?

  • The best introduction to the subject in recent memory.

Is U.S. Government a Colossal Globe-Spanning Racket?

Matthew Ward: Learning the Truth of What’s Happening

Matthew via Suzy Ward: Earth’s People are On the Move

Matthew Ward: Who are the Illuminati?

President Kennedy On the Peril We Face

Unpleasant Truths About the Deep State

9/11 – What Really Happened on That Day?

Pushing the Climate Change Hoax

The Next Scam: Climate Change

“Climate Change” is a Conspiracy Theory

Alex Newman: CO2 is Not Pollution

Dr. David E. Martin: The History of the Development of Covid 19

Covid 19 has been under development by the military as a bioweapon to be used against humans, since the early 1960s.

Dr. Peter McCullough: Let’s Win the War Against Therapeutic Nihilism

There is a Plan

There will be no world war. No nuclear devices can be exploded in space. Global martial law is to restore law and order worldwide. There is a Plan.

The Plan

Whitney Webb: What the World Faces

What G/NESARA Mandates

Ezra Cohen-Watnick: Spelling It Out 1 Time

Predicted Events

Five Point Plan

I suggest we follow a five point plan before rushing to reconciliation.

 

Tired of White-Hat Bias in Reporting

It Isn’t that We Don’t Censor….

  • Free speech is not unlimited.

Please support this site. Donate:


A 501(c)(3) tax-exempt non-profit
  • Building, anchoring, and restoring hope, trust and Love within the human community.
  • "The key to Love is sharing, ... [balancing] give and receive." - The Divine Mother.

A Reader’s Encouragement

Downloads Page

(Always) free introductory texts on Ascension, Disclosure, Abundance, and Accountability. Especially of interest to those new to these subjects.

GAoG on Facebook

  • Did you know we have a Facebook page? Come see what we share.
  • URL: https://www.facebook.com/GoldenAgeofGaia22

 

HB & AHWAA Transcripts & Audios: Divine Beings, Universal Laws, Blessings & Virtues

* HB/AHWAA Transcripts and Audiotapes

* On the Importance of the Universal Laws

* The Universal Law: What, How, and Why?

Amanda Lamond: A Call to Legal Lightworkers

  • Legal Lightworkers, help bring in the next “legal system” and processes for the energetic dissolution of conflict using the Universal Laws.
  • For Light Warriors desiring deep ascension support, please look at the Light Warriors BOOTCAMP
  • For more, download No One Can Take That Step For You

Amanda Lamond: Free Audio Course for All Those on the Ascension Path

La Presse Galactique

French-English Translation available

PAO: Galactic Activation Webinars

  • Join Our Monthly Webinars
    with Spectacular Special Guest

Spiritual Counselling

  • Releasing old patterns of limitation.
  • Remembering, embodying, and expressing your true Self

Len Satov
SourceLight – Seeing you home
http://www.lensatov.com/

Beyond Being Human

Greg Bourdon, Life Coach

Greg Bourdon

Professional Life Coaching

Los Angeles, CA
Mobile & Text: 818-601-1307

[email protected]

The Spirit Cafe, Council of Love

  • Join the Council of Love’s Spirit Cafe

Kees de Graaff: Somehow I’ll Find My Way Home

https://goldenageofgaia.com/wp-content/uploads/2023/12/22Somehow-Ill-Find-My-Way-Home22-Tribute-to-All-Lightworkers.mp4

All of life is embarked on the same one journey – from God to God – a voyage of Self-discovery

How Energy Reaches Us – and Why

Where does the energy come from that uplifts and transmutes us?

Divine Mother: Not in My Plan?

  • Divine Mother: [I am speaking about] those in … positions where control and abuse of power have been rampant. That will not be the platform [from] which integration of the various galaxies [into the new, interdimensional region of space] takes place. That is not the Plan.
  • I know very clearly, Sweet One, as do you, if it is not [in] my Plan, then it will not occur. …
  • Make no mistake, … Love will win because that has been my Plan always.
  • (The Divine Mother in “Enter the Delegations – Part 2/3,” May 5, 2019, at http://goldenageofgaia.com/2019/05/05/enter-the-delegations-part-2-3/.)

The Pattern of the Mother

  • This universe is designed around the pattern of the Divine Mother. What is that pattern?
  • Creation, preservation, transformation = love building, love preserving, love dissolving = inbreath, pause, outbreath = rajas, sattwa, thamas (gunas) = Akar, Ukar, Makar (Aum) = Brahma, Vishnu, Shiva (Trimurthy)
  • One more?
  • Father, Son, and Holy Ghost = Brahman, Atman, and Shakti

The Mother’s Clarion Call to All of Humanity!

This is my clarion call to all of humanity to embrace love, to embrace truth, to embrace peace…

The Divine Mother’s Mandate

  • Build what is divinely beautiful. I give you my divine authority to do so. I will guide you. I will help you. But I entrust this to you as well. …
  • We are helping you. That gateway is open and you are being flooded and you are being assisted and you will be assisted every step of the way.
  • (“Transcript ~ The Divine Mother: Take Up Your Divine Authority, AHWAA, February 23, 2017,” February 28, 2017.)
  • On the Divine Plan for Ascension.

Spiritual Advice in Troubled Times

  • The Arcturian Group explains….

Bring It Back to the Love

  • Beloved child, son of my heart, [Ascension, spiritual evolution] is only about love, about the many expressions, about the many forms.
  • And truly of anchoring and being nothing but the love, in intellect, in wisdom, in sharing, in adventure, in relationship.
  • It can only be [that way] when you continue to bring all adventures, all arguments, all explorations back to the love.
  • (The Divine Mother in a personal reading with Steve Beckow through Linda Dillon, April 30, 2019; also at http://goldenageofgaia.com/2019/06/01/the-divine-mother-it-is-all-a-journey-of-love/).

Do not Venture Where There is No Love

  • Do not venture where there is no love. Because, if there is no love, then there is no truth. And if there is no truth, there will not be peace and [peace], Sweet One, is the Plan.
  • (Archangel Michael in a  personal reading with Steve Beckow through Linda Dillon, June 17, 2020.)

Archangel Michael: Lead or Leave a Vacuum


If no [lightworker] steps forward into [leadership] ...

Archangel Michael: Do not Get Caught in the Drama of White Hats or Black Hats

  • Beloved ones, do not allow yourselves to be distracted, yes, by the chaos….
  • Do not get caught in the drama of white hats or black hats, or good guys or bad guys. All beings are birthed directly from the Heart of One…. (“Archangel Michael: Do not Get Caught in the Drama of White Hats or Black Hats,” Nov. 12, 2019; see here.

Archangel Gaia on Our Mission on Earth

  • Archangel Gaia said
  • “I am now telling you what your mission is on Earth – it is to be an angel on Earth.
  • “You do not have to change the people around you; you do not have to get involved in politics, or that kind of activity.
  • “What you are meant to do here as a lightworker is to anchor a certain vibration.”
  • (Gaia, ”Earth Speaks: Your Mission on Earth,” through Pamela Kribbe, March 13, 2022, at https://goldenageofgaia.com/2022/03/13/earth-speaks-your-mission-on-earth/.)

Ronna Vezane ~ Archangel Michael’s Gift: New Age Creed

Werner Erhard on Responsibility

“Responsibility begins with the willingness to take the stand that one is cause in the matter of one’s life. It is a declaration not an assertion, that is, it is a context from which one chooses to live. Responsibility is not burden, fault, praise, blame, credit, shame or guilt. In responsibility, there is no….”  (Read more…)

GAoG – Spiritual or Political? Michael Answers

Mission Statement of the Golden Age of Gaia

Spiritual Experiences that Have Shaped My Life

Inner Realms Podcast, No. 9: Steve Beckow

An enjoyable discussion of spiritual experiences with Amin Jaberansari, from 2023

On a Personal Note

  • I’m neither qualified to be a spiritual teacher nor do I wish to be one.
  • I’m a writer who wishes to share his views with you on subjects of mutual interest and listen to yours as lightworker equals and spiritual adults.

eBooks

  • The Importance of Disclosure
  • Accountability
  • The Coming of the Golden Age
  • Spiritual Essays
  • Spiritual Evolution is the Divine Plan for Life

GAoG Wiki Links

  • First Contact
  • New Maps of Heaven
  • From Darkness Unto Light
  • Other Dictionaries of Enlightenment

User Info

  • Contact Us
  • Terms of Service
  • Privacy Policy

Copyright © 2025 The Golden Age Of Gaia

Copyright © 2025 · Dynamik-Gen on