Idhrenniel:
I think you are right on the past/present/future thing, though you might better say that the past has existed since at one point it was the present and now you are simply recalling that present in your mind, the future is a reaction on the past and therefore not set in stone.

I don't however belief in UFO's, I think it's merely the process of maturing that makes time go faster for your perspective because your mind becomes more active (learning more, working etc.)