It shows everything that happens at every moment in all of Arda's history. I can intervene to change any thing at any moment; I exist outside time. Your orders seem to only prescribe future actions, but perhaps that's because you didn't know I can also change past actions? I told you I was doing that with the swanships. They were the sort of thing that can only be made once, and I needed to remake them, so I changed the aspect of their original making that made them impossible to ever make again.
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