Transcript: April 21st, 2004

"One of the people that I highly respect is Alan Greenspan.

Not just because of his responsible behavior in administering the Federal Reserve Board policy - (but also) his intellectual depth.

He is not just working to represent responsible monetary policy, he understands that there is a larger context, a larger vision.

So about an hour ago we saw Alan Greenspan addressing the Finance Committee from the (U.S.) Congress and he was talking about the Federal Reserve and the other agency considering new mechanisms, developing new mechanisms, new options for the analysis and administration of monetary policy.

And he says, that his interest rate decisions are part of a broader policy.

It is not inaction.

Some people thought, that because from quarter to quarter now he has maintained stability in interest rates, he has not raised or lowered the interest rates and the economies' recoverance - the many economies are recovering - not just the one or the other, but it appears that all are recovering gaining ground and productivity.

It looks like the health of the economy is returning after this period of recession and the expectation is, that he will raise interest rates.

And people are wondering what about this deflationary concern, the economy is not growing then it could deflate, that it is passed... they have overcome the deflationary thing and yet he says, that there is no expectation of inflation which means, that there is a relative stable policy being represented.

That is very very critical, that means, that it is part of a longer strategy which is something that I intuitively sensed from the Federal Reserve Board that they are considering - their - shall we say - scope of economic consideration has increased massively.

Now out of this I understood - economically speaking - in human financial economic terms - I call this period, the Period of Emergence or the Chrysalis Cycle of Mankind, where Mankind is being challenged to Emerge out of the Cocoon, the incubation period - the earth is an incubator for mankind.

His evolution on this planet is a form of incubation.

His socio-economic development, his civilization, the successes of his economic endeavors, stability of the global economy, the globalization - all these things are part of the incubation process of mankind.

But it cannot be that our unbelievable success as a species in terms of our technological abilities and other abilities, our capacities, our spiritual capacities, it cannot be that we are only going to be contained here on this planet.

It cannot be, that we are going to be limited on this planet.

It cannot be, that because the cosmos is tending to infinity.

There are many more possibilities. So why should we expect to be limited here, to be shipwrecked here like on Gilligan's Island? I call that the Gilligan's Island Complex.

We seem to be caught up in our blundering, in our egocentric blundering with ourselves.

We are convincing ourselves that we are never getting off the fucking island.

And every week we come back for a new episode to see if we finally get off the island or if we continue to blunder our way along.

So it cannot be that our capacity to get this far in our cocoon of incubation, of development, is only so that we are going to stay here indefinitely.

It does not seem - for a rational, logical mind - it doesn't seem viable to expect that.

So, as we are entering this Period of Emergence, this Millennium, this transition point - we've had unbelievable development in the last 100 years. Undeniable development. Even to the most stupid personalities.

One has to admit where we came from 100 years ago to where we are today.

It is massive, it is a massive thing.

And the monetary policies, the central bank mechanism has played a large role in that development in the industrial economy. It has taken the excess capacity of the industrial economy - shall we say the premium, that the industrial economy created - the efficiencies of the industrial economy - and has created a competitive paradigm to challenge the most efficient, the most effective, to advance out of those industries that competed with each other.

So these things are brilliant models of industrial sophistication which has led us here.

And now we are at a point where we need a different kind of capitalization model and a different kind of monetary policy.

A much more sophisticated, diversified - it is not just one interest rate for one economy, it will have to be something along the lines of capitalization terms - just like we invested in the capital infrastructure of roads in America, in telecommunications, in the building of the airline industry, the building of the dams for the electricity and then the aluminum industry to produce the airlines which then created transportation.

So all of these infrastructure capital investments needed tremendous capital. And the private capital needed an expectation that the return - they get return on their capital - the capital would be paid back and they get a significant return, so that they would risk it.

There had to be consistent management of those capital investments of infrastructures, so that the broader economy, so the broader benefits of the larger economy could accrue benefits to the society.

And all that was managed through these mechanisms.

Yet - the capital invest of roadways and telecommunications - even if it is 80 years or whatever it is - the kind of capital invest that is necessary to do projects like terra-forming a planet, to build space stations, to build space-crafts, to build technological advancements, to do research and development, requires capital investment cycles - this is infrastructure investment - of perhaps hundreds of years, if not thousands of years.

So if we look at our commitment as a species to ourselves and realize that it is not the optimal profit quarter to quarter, but the net achievement of our species that we have to consider, we have to make it viable for large capital investments over long periods of time and the vision - we have to make a decision - a fundamental commitment to ourselves, that we are going to be here for the next million years. We are going to make a fundamental commitment in the way we administer our civilizations, our societies and create capital infrastructure and the way we manage that capital infrastructure.

And we develop monetary systems and monetary policies and economic policies, that we have the intellectual capacity to commit ourselves to the long term vision.

And once we do that, then we develop in our peoples a consistent expectation of stability and long term benefits.

Therefore R & D which takes hundreds of years - those projects can take place.

And then the viability of mankind emerging out of the short life-cycle of the 50 year life-cycle which has moved to about 70 years, or 80 years - the productive cycle of a human life where we have to relearn everything - each child that is born has to relearn everything that we have done - so that they can have these 30 years of productive life - maybe 40 years - that's very inefficient.

What happens, when our scientists come up with the capacity to renew our youth, so that every human being lives possibly for many hundreds of years in the vitality of a 25 year old?

That changes the productive understanding of human economy.

So let's just say, that Alan Greenspan gets a pill from a medical doctor, that puts him back to his youth of 25 years with the wisdom he has now. He gets his hair back, he gets his vitality back, he gets his consistency back.

And everybody on his board gets the same thing and all of the people working on his project get the same thing.

Suddenly they realize that they have an open-ended opportunity to "gestalt", to design human destiny - human evolution into the next thousands of years.

And so they understand, their computer has the capacity to chart the next 10 000 years, their computers have this capacity, and now they have the organic capacity to match the potential of their modeling.

And they have to re-evaluate their purpose of life which is:

To make life worth living, they will have to challenge their intellect to go beyond the 3 % and reach the 30 % capacity and then the 60 % capacity and then the 90 % capacity of their brain capacity and suddenly you have these - I will go so far as to say - men who have become Gods with a 90% capacity of their brain operating fully.

Their capacity to understand the opportunities and the willingness to go on that path of discovery.

It will be the most invigorating Spiritual Experience in the cosmos.

And Mankind will emerge out of his Chrysalis - out of his Cocoon - as a Glorious Being going beyond anything that in our incubation phase of infantility, our incubation phase of senility and infantilism, egocentricity, IÇll go so far as to say psychotic imbalances that have come out of this irresponsibility. Or shall we say even the fear, that mankind has had about opening the next door of his destiny.

It was bad enough getting the Europeans to cross the ocean to America.

That was bad enough.

They practically went insane, when they were out there.

They were thinking: Oh God, we're gonna fall off the edge of the world.

It was unbelievably difficult to motivate Western Civilization to go through that door of their destiny of the new world and to create the economic capacities necessary to enter the 21st century.

But they did it.

Maybe not so perfect - a few bumps in the road - but they did it and they are here now.

And now the question is:

"Do they have the right stuff, the courage to overcome their visceral fear to grab the door handle of this next door and to open up the door and see the stars? The endless possibilities of the cosmos?

To Emerge as a limited being, what we call the man, into the unlimited Being, called the God?

Crossing the Bridge between Man and God?

To become the Man-God?"

Some people call it the Christ. Some people call it the Modern Man.

But what is actually taking place here?

What is taking place is, that mankind spiritually is overcoming the dark shadow of his soul.

The fears of millions of years of evolution. All of the by-products of his spiritual development, his ancestral struggles, and he is coming to this doorway - this threshold, that he has to step over - and he is nervous.

He is nervous about advancing beyond his simple animal nature and becoming the Totality of All that his ancestors always dreamed of, when they looked up at the night sky and they knew that there was More.

What has actually fueled our religious beliefs is actually the positive expectation, that one day somehow, something in us knew, we would meet The Creator.

One day we would meet The Universal Mind, The Totality.

Not really understanding that we are Becoming and Merging with The Totality.

We are Becoming It as our latent Capacities are being Activated and Matured.

It is a developmental process that any scientist worth his salt will say - look how we have been developing. Look - follow it through - ask Jane Goodall.

What is actually taking place here?

Mankind is involved in a sophisticated process of evolution with a number of unbelievable surprises. And these surprises appear miraculous to the simple personality.

How dare Man acquire unlimited Power ?

Or perhaps it is God's Will !

Perhaps it is the Destiny of the Archetypal Mind that as we are spawned here and we have evolved here and incubated here and struggled here in the primordial soup.

We have been struggling to Emerge.

To Emerge as a Unique Being with Unique Capacities to go beyond simple limitations.

And that is exactly, what I have been trying to explain.

Whether it is Alan Greenspan and the Federal Reserve Board and the IMF and the World Bank and all of these 50 zillion other institutions and the think tanks and the unbelievable intellectual giants working in their specialized fields, grasping very complex material.

It is the capacity to link them in a coherent and sophisticated way, that is this last puzzle, that has to be put in place. The last piece in the puzzle, that has to be put in place so that we can fully Emerge into a larger Potentiality.

And that's why I am so excited.

I am excited by the capacity of these people to understand, even though they are working within a certain simplified framework.

Their inherent Spiritual capacity to understand, that there is something Miraculous around the next corner and they are going to be involved in its development and its creation.

That is, what excites Me.

Thank you."

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