Cempaka Belanda: Dutch pension fund files claims against Goldman

"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.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … 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.)

"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. …”

Monday, July 9, 2012

Dutch pension fund files claims against Goldman

Reuters, by Anjuli Davies and Chris Vellacott, London, Jul 9, 2012

A Goldman Sachs sign is seen over their kiosk on the floor of the New York

Stock Exchange, April 26, 2010. (Credit: Reuters/Brendan McDermid)

(Reuters) - Dutch pension fund Pensioenfonds Vervoer has filed two claims totaling up to 240 million euros ($300 million) against a unit of Goldman Sachs Group (GS.N), alleging negligence leading to losses, lawyers for the fund told Reuters.

The transport workers' pension fund alleged that Goldman Sachs Asset Management International, in its capacity as fiduciary manager, made inappropriate investments at the height of the financial crisis, lawyers Brown Rudnick said.

The claims, filed at the High Court in London on Monday, relate to the period 2006-2010.

One of the claims, of up to 81 million euros, relates to investments in subprime debt made in 2007. The other claim, of up to 159 million euros, alleges the asset manager took too long to implement a mandate to invest in global high yield bonds during 2009, which resulted in substantial losses, Brown Rudnick said.

A spokeswoman for the Goldman Sachs unit said: "We acted prudently and complied with our mandate, fulfilling our obligations to our client. We believe the claim is without merit based on the facts of the situation, and we will certainly contest it."

Vervoer, which according to its website manages nearly 11 billion euros in assets for employers and employees in the transport sector, replaced Goldman Sachs as asset manager in 2010 following poor performance, albeit at a particularly turbulent time in markets globally.

At the time it said the change followed a "comprehensive evaluation" of its four-year relationship with Goldman Sachs.

The 2008 financial crisis wiped 112 billion euros off Vervoer's portfolios, putting many funds below the 100 percent solvency level and the minimum funding requirement of 105 percent set by the central bank to ensure that funds are in good health and capable of meeting liabilities.

That led to calls for an overhaul of the 800 billion euro industry and to talks between employers and unions -- who are both involved in the management of pension funds in the Netherlands -- about who should bear investment risks and to what extent pensions should be guaranteed.

(Reporting by Anjuli Davies; Editing by Steve Orlofsky)

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"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 based in Greece, 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.)