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its simple, karma is felt as negative or positive experience. thats why people label it bad karma, or good karma. if craving is ended and one did not perceive reality in this positive/negative way, how could one create karma. it would not be possible. there would be no positive or negative experience, so there would be no karma.

tibetan buddhism teaches about this, dying conciously, i think it is called clear light meditation. i believe lucid dreaming is practiced in tibetan buddhism as a preperation for death, im not totally sure though. you should read the tibetan book of the dead. it covers all of this.

it exist when we have wrong veiw, that is why we expirience life as negatives or positves. cause and effect exists, i think we can all agree on that, right? Karma is just our distorted perception of cause and effect. when we do, think or say something, that is a cause and that cause creates an effect, this is fact. when we feel the effetcs of the causes we classify it in our mind as positive or negative. with this wrong view, we constantly crave positive expirience and reject negative.
ok, every moment we expirience is the effect of a previous action, we feel the expirience as negative or positive, this wrong view causes us to crave, when we crave we try to fullfill this craving. so we act in order to fullfill our desires, but this very action becomes the cause of an effect that when expirienced is again percieved as negative or positive which causes craving again which leads us to more action in an attempt to fullfill our unqunchable desires, an endless cycle.
so we continue on through life going in circles. this is karma, it exist in the mind only, in reality it is only cause and effect. it is only nature, we should realise this and not be attatched to our expirience.  i say this with certainty because i am certain. this may make me sound as if i think i'm all high and mighty or something. but that isnt the case. i know what i know and it is so obvious to me. i wish i could communicate it better in words, but as i said im not very skillfull with words.  at least consider what i have wriiten, investigate evrything.

as for as i know, everything exists because of previous causes. actually i believe that everything is the cause of everything else. think about a peice of paper. what caused this paper to come into existance? a tree, a tool to cut down the tree, a man to operate the tool. water, rain and sun, so that the tree could survive, the earth has to exist too. just think about it, evrything the man that cut down the tree expirinced in his life prior to cutting down that tree was the cause for him to cut down the tree, the peice of papers existance was caused by the invention of the tool that was used to cut the tree down, its existants was caused by the life of the person who invented the tool. it just keeps going. the amount of causes that took place to bring the peice of paper into existance is so ublievable, but its true and there is no denying it. i believe that evrything exists because i exist, and i exist because evrything else exist. the concept of god just doesnt make any sense to me.

Karma doesnt truly exist, only in our minds. There is cause and effect, which is the nature of reality. Everything in existance is dependant on previous causes for it to exist. Everything is subject to this law. Karma is just our deluded way of perceiving cause and effect. We percieve the events in our life as positive or negative.
when we percieve reality in this way we crave, we know what is positive and we crave for it, we know what is negative and we reject it, which is the same thing as craving but in reverse. We spend our life chasing after positive expirience and rejecting negative expirience. This wrong view is the cause of karma and all of our suffering.
Each moment we expirience we expirience as positive or negative or maybe even a little of both, and when we expirience it this way it gives rise to craving which rolls right into the next moment. the previous moment of expirience becomes the direct cause of the current moment and that moment the next. Creating an endless cycle of craving and suffering, which carries us through our life and into our next.
To me there really is no good or bad karma, it is true that good thoughts and actions will have similar results as will negative thoughts and actions. But the truth is that karma wether good or bad will cause suffering, karma is what binds us to this existance.
The goal is to eliminate karma, so that there is no more becoming. The only way to elimate karma is to eliminate craving. Without craving there can be no positive and negative expirience, no more chasing our tails,no more becoming. The cycle is stopped, there is no more rebirth. Its just like someone said earlier about the domino not hitting the next, when we eliminate craving the domino misses the next and the rest cease to fall.
I hope this makes some sort of sense, im not the greatest with words.