18 October 2010  - Updated 23 November 2013

Contact: Stephen M. Apatow
Founder, Director of Research & Development
Humanitarian Resource Institute (UN:NGO:DESA)
Humanitarian University Consortium Graduate Studies
Center for Medicine, Veterinary Medicine & Law
Phone: 203-668-0282
Email: s.m.apatow@humanitarian.net
Internet: www.humanitarian.net

International Disaster Information Network
Url: www.humanitarian.net/idin

Timeline: The Decade From Hell

The events during this last decade may well be recorded as the largest intercoordinated series of global financial crimes in world history.

Year 2000 Conversion: Global Infrastructure Analysis & Contingency Planning: Coordinated in cooperation with the U.S. Federal Emergency Management Agency, Humanitarian Resource Institute.

The Timeline:
  • Year 2000 Conversion presents a technology challenge that could shut down the infrastructure of every UN member country. [1]
  • Y2K viewed as a one time global central bank coordinated liquidity infusion to assist remediation, supporting 193 UN member countries. [2]
  • Global strategic plan focuses on exploitation of liquidity.
  • Repeal of 1999 Glass-Steagall, separates commercial and investment banking, established in 1933 following post 1929 Market Crash (1929-33 Reserve bank driven boom period fueled by combined commercial and investment banks). [3]
  • Reserve bank funds transition into financial markets and proprietary trading.
  • 2000 Commodity Futures Modernization Act deregulates OTC derivatives. [4,5]
  • Global markets rally.
  • Tech Bubble and Crash follow 911 shock.
  • Housing market used to drive recovery, CDS, CDO debt instruments exploited through unregulated OTC derivatives market.
  • Unregulated shadow banking system expands to $1.4 Quadrillion in 2006. [6]
  • Global Financial markets collapse in 2008, focus transitions to emergency actions to address financial crimes in unregulated markets (2000-2008).
  • Emergency regulatory actions shut down, emergency reserve bank funds transition back into markets (Zero Interest Rate Policy).
  • Global distortions and hyperinflation continues to spiral the global financial system into a deeper crisis. [7]
  • Countries remain in technical insolvency, emergency actions viewed once again as a vehicle leverage by investment banks.
  • Political and lobbying efforts shut down emergency efforts to separate commercial and investment banks (the #1 priority following the 2008 Global Market Crash, combined with restructure).
  • Damage caused by unregulated OTC derivatives market and shadow banking system (2000-2008) can only to be addressed through a 193 country global strategic plan for restructure and debt relief. [8]
  • Objective viewed as a political impossibility, outside another market crisis or crisis responsive scenario.
  • 2013 Efforts continue to target the root causes of the financial crisis, that caused the collapse of financial markets in 2001-2002, with a systemic global market collapse in 2008.

  1. Year 2000 Conversion: Global Infrastructure Analysis & Contingency Planning: Humanitarian Resource Institute. Url: http://www.humanitarian.net/contingency.html
  2. Public Provision of Private Liquidity Prior to the Millennium Date Change: Federal Reserve Bank of New York, 23 September 2005. Url: http://www.newyorkfed.org/research/conference/2005/liquidity/Sundaresan_Wang.pdf
  3. FDIC: The Great Depression: 1929-1939: Url:http://www.fdic.gov/about/learn/learning/when/1930s.html
  4. Commodity Futures Modernization Act H. R. 5660: Commodity Futures Trading Commission (CFTC). Url: http://www.cftc.gov/ucm/groups/public/@lrrulesandstatutoryauthority/documents/file/ogchr5660.pdf
  5. 2000 Commodities Act Paved Way For Problems: NPR, 20 March 2009.  Url: http://www.npr.org/templates/story/story.php?storyId=102185942
  6. Remarks by Jill Considine: At the joint European Central Bank/Federal Reserve Bank of Chicago Conference on “Issues Related to Central Counterparty Clearing” Frankfurt, Germany, April 4, 2006. Url: http://www.ecb.int/events/pdf/conferences/ccp/Considine.pdf  
  7. Y2K=QE2: Charts, Safe Haven. Url: http://www.safehaven.com/article/20661/y2kqe2
  8. H-II Appeal to International Bar Association - Tools for Restructure: HRI:UNArts Humanitarian Intervention Initiative, 26 May 2011. Url: www.unarts.org/H-II/ref/5262011IBAHRI.html

IDIN Discussions

Financial Crimes: Global Defense Infrastructure (1999-2013)
UN Economic Emergency


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