Category: banking crash

  • Fungal Economics (2007) by Fly Agaric 23

    Fungal Economics
    branching words and
    money walk

    the shit into our future
    your words
    our words and their
    words of air-sound-sutra

    why is money and
    how did it get all stinky
    who issues it and how?
    a coin for a cow
    paper for gold
    our money their money
    overnight

    who has the magic wands
    the words and the rite
    disorder of things and stuff
    multi-ordinal terms fed to
    herds like worms to morning
    birds

    credit/debit digit edit
    where is the source
    the root and sacred well
    spring of your knowledge
    our nohledge and their
    scholedge
    who issues shit

    and how holy dung
    holy chao
    money exchanged
    for words language and
    economics co-ming-ling

    honey does not grow on trees
    the bees bring it to each
    branch
    the river bank connect
    with moon goddess via
    the rising and falling water
    levels

    make every river bank
    a bank you can trust
    and the fungi
    facts decompose rotten
    money theory

    a natural fungi force
    consumes carbon dioxide
    and releases carbon
    monoxide

    like wise a new natural
    economic order will

    start with fungi
    and mycelium as the
    fiscal roots and financial
    fibers that in the buginning
    fed

    all the money by
    the process of decomposing
    using smart drugs
    depreciating truffle skins

    the truly regenerative and
    maximum interests inherent in the
    fungal feeding
    of the planetary and
    inter-planetary bio-sphere
    make most but not all forms
    of banking and international
    financial doings on this planet
    seem deceptive

    at best and damned sadistic
    and apocalyptic at worst
    new webworking tools
    help to communicate more
    scientifically how and
    why mycelium networks
    have spread into earths biosphere

    in turn the field of fungal
    economics seems less
    of a joke to me
    and more of a biological
    fact observable in nature

    for fly this fungal
    economic reorder fits with
    the animal and plant kingdom
    and the propensity for doing more
    with less

    and maximizing information
    output to the benefit of all
    no dropping carcass seed
    or shell left behind not
    even zero is wasted

    the whole biological spaceship
    earth recycles energy freely
    between species and
    kingdoms of living systems

    some very influential humans
    on the other hand seem to
    have a propensity for hoarding
    life support
    in all its forms

    for a few chosen people
    or a few International syndicates
    at the expense of the many
    –the Majority of humanity on
    planet earth

    who issues it and how
    what is money and how did
    it get that way, to paraphrase Ez

    the fungal metaphor
    maybe the most eloquent
    and beautiful metaphor to
    employ in 2008

    pitched against unrestricted
    global capitalism driven
    by private interest and
    crooked double crossed
    intelligence tsars

    depreciating currency
    imitates the fungal process of
    breaking down biological matter
    making more room at the
    bottom by recycling

    transform and keep the process
    moving along
    if you stay in one place too
    long with your savings

    chemical compound interest
    you will rot at the bottom of the pile
    without jumping into a new
    state of energy

    by the magic transform process
    see transbutation
    holy communion and
    the u.s fed bank of england

    the deception and trickery
    of the global banking
    fraud-gamer community
    is also mimicked

    on a global scale within
    fungal communities
    in fact mushroom myceilium
    germinate those very orchids
    that so many banksters
    are infatuated with

    even penicillin and all its
    synthesized relatives
    are fungal entities
    claimed patented and
    exploited by global pharmo
    corporations

    the dream-drug in its
    penicillin incarnation
    fungal intelligence
    has already penetrated the
    money maze

    not to mention all the
    other medical applications
    and drugs synthesized
    from mushrooms and/or
    fungal bacterium

    but the poet with mould-money
    and mushrooms spilling
    from his mouth does not stop
    here

    mushrooms and fungus
    metaphors deployed to
    synergize human
    financial intelligence

    just the sprouting tip
    of a swarming underground
    body of evidence

    sometimes sprout a fruiting
    bodyblog and spilling
    billions of its viral meme
    spores into earths atmosphere
    every second of every day
    for a billion years to come

    once the poet has sharpened
    his gaze and the haze of terrestrial
    primate politics and economics
    has vanished in the maze

    we can begin to revision
    our future past present perfect
    days all-at-once

    an enpsychlopedia Fungi
    galactica a languaging entity
    a self-replicating fungal blogject
    spore of the words

    money and wind and
    seeds and stars all-at-once

    –fly agaric 23.
    Amsterdam.

    Footsauce:

    Giles Chase: Shanigums Wave, Oillyseas, Publiners, A Sculpture of the Banker as an old man, Excommunicated and the albums Ballads and Strange Folk. Epiphenome’. Faben & Faben.
    Ira Pod: The Dantales, ABS of Revolutions, 17 Stereotypes of Damnbiguation. Videoglyphic method. History is not a dream from which I am trying to awake. No Direction Press.
    Martin McLure: The Gutterverb Autopsy, Misunderstanding Money, The road to Shennanigums Wave
    James Shermon: Mystical doctrine of sports and greedy behavior
    Nesta Venossa: The Wildstyle Grafitti Character as a Medium for Math.
    J. Nathan Shaft: Skully Von’s Travels.
    Sonny Cob Laughlin: Blooming Magnus Trilogy, Neuro-Trigger, Flasks of the really hot tea, The Windows Sunshine, BOG: Bogus Occupation Government, Quantum Theology,
    Ali Fowley: The Book of flies, The book of the wall, poetry without tears, 111 and other writings.
    Jacky Muller: Nine Joints to the moon, Operating manual for Shennanigums Wave, Sin-Energy-Zetitics, On the Path, Planet Terry Sociology.
    Carson Wools: Citizen Murdoch, War of the Words, McGriff, C For Cake, Touch of Usury.
    Manfred Humanski: Religion and Insanity, General Pendantics, X’tenshun Method.

    –Steve Fly Agaric 23
    Amsterdam.
    Thursday, July 17, 2008/Saturday 11th January, 2014

  • Hoggers of the harvest

    Hoggers of the harvest
    by Steven James Pratt

    “and they have broken my house” Ez, Canto LXXVI

    House of supreme court and
    whitechapel packed since 1776?

    1970’s U.S. Gov. policy trending
    deregulation to bait business
    less oversight
    less disclosure of                       information
    about banks and other                financial
           institutions

    thus, policymakers blind to
                     gangster role played by
    financial inst. investment banks
                                            hedge funds and some gov.
    funded enterprises
             a.k.a the SHADOW
                     banking system

    October 82’ U.S. President Ronald
                                      ‘star wars’ Reagan signed into law
     the Garn–St. Germain Depository
                                   Institutions Act

    sleazy adjustable-rate
                    (mort)gage loans death pacts
    the slithering process of banking
    deregu’ proceeeds
    92’ Euro-members sign
                                            mass-tricked treaty

    97′ Alan Greenspan fought to keep the
                        derivatives market unregulated
    Nov. 99’ U.S. President ‘Wild’ Bill Clinton
    signed into law the Gramm–Leach–Bliley Act
                                         more loop holes for dereg’

    01’Off-balance sheet entities
    invoked by Enron as part of the
                                           rabid scandal

    03’ Warren Buffett on derivatives:
                                     “financial weapons of mass
    Augustus Gloop is stuffing his
                face

    And if a few bankers and financiers
    were jailed we would all be
                                     better off now?

    04’ U.S. Securities and
    Exchange Commission relaxed
    the net capital rule and the shit
                                    flowed into the mortgage nappy

    06’ housing froth and bubble burst
                                   in dung-bloom burst cycle peak
    values of securities hand-cuffed to
                                                     US real estate
                                                            drop
                                                        like pennies

    Fannie Mae and co. stroll on…
                                           predatory lending and/or
    mortgage fraud,
                                                 okey-dokey

    Gov and central banks
                        react with fiscal stimulus, an iron fist
    further funny-money policy buffering
               and institutional bailouts or
                                                       jail outs.

    07’ August 7
                       BNP Paribas Netherlands
    liquidates in financial bone marrow cancer

    08’ U.S Total over-the-counter
    (OTC) derivative
    notional value rose to $683 trillion
                                              hell, a bit O.T.T mate?

    2008’ U.S financial crime wave
                                           Bang! 08-13 global financial crisis
                     Boom! European sovereign debt crisis
                                                  crisis crisis  for the love of Isis
    what of barley, rice, cotton, tax free?

    can we have balance and neutrality
    in all courts, in ANY courts?
    is their a truly honest judge
                              anywhere on this planet earth?

    and dullards CasaPound hijack a turtle
                                         and a good poets worst
    ever mistakes

    08’ The U.S. Senate’s
    Levin–Coburn Report sez
    crisis was the result of:
                                 “high risk, complex
    financial products
                           undisclosed conflicts of interest
                                   the failure of regulators
    the credit rating agencies
                                and the market itself to rein
    in the excesses of
    Wall Street”

    Greedy sneaky double crossing
                                     fraud and conspiracy to commit robbery
         were not considered seriously
    in 08’?

                                                        Hanging from a cemetery door:
                              TO BIG TO FAIL
                                                       TO BIG TO JAIL.
                                                           (1913-2013)

    Several major financial institutions
                               collapsed in Sept’08
                                             global recession, we taste
                                 the great credit
                                        crunch
    snap!

                                     number of U.S unemployed
    rose from approx. 7 million in 08
    pre-crisis…
    to 15 million by 09’

                                 and if a few bankers and financiers and ministers
    were jailed we would all have been
                                                  better off by now?

    yet the richest
                                   criminals run wild and free
    buy footballs teams, industry and
                                       daytime TV
    all to raise the price of
                                                            stocks

    09’ Another G20 summit
                                          the great new long lesser global recession
    kicks in
                  ministers only appear at night

    In Ireland unemployment rose from 4%
    06 to 14% 10′
    the national
    budget went from surplus in 07’
    to a deficit of 32% GDP in 10’
                                            the highest in the history of Eurozone
                                                     control of the outlets?

                                      According to the CIA World Factbook
    from 2010 to 2011 the unemployment rates
    in Spain, Greece, Ireland, Portugal,
    and the UK increased
                                       and Lee Harvey Oswald acted alone

    11’ financial crisis inquiry
                              committee found that…
    over the past 30-plus years
    we permitted growth of
    shadow banking system – opaque
    and laden with short term
                                          debt – that rivaled the size
                of the trad. banking system.

             “criminals have no intellectual interests?” Ez, LXXVI

    who knew the multitrillion-dollar
                                      repo lending market?
    off-balance-sheet entities? and
                               abuses of over-the-counter
                    derivatives were hidden from view
                                                            who Who WHO?

    The crisis was avoidable
                                      disinformation ops on behalf of
    international finance capitalism
                                               usuriocracy

    like giving bunk directions to an
                                      elderly blind tourist

    mass protest movements
                 errupt
    responding to crime wave
    with peaceful alternatives, some
                                   riots and open revolts bloom

    12’ By the end of 11’
                Germany was estimated to have
    made more than €9 billion
    out of the crisis
                               investors flocked like vultures to safer
    but near zero interest rate German
                                         federal gov. bonds, binds, bundles, bunds, punds

    12’ July, the
    Netherlands Austria
    Finland benefit from
                                                    zero or negative interest rates
    may the reader pause for reflection

                                              the debt crisis crime wave forced
    5 out of 17 Eurozone countries
                    to seek help from other nations
    by Dec. 12’
                                            and no such thing as public opinion

    16 Dec. 2010
    the Euro Council agreed
    a two line cocaine fuelled amendment to the
                                                      EU Lisbon Treaty to allow a
    permanent bail-out
                                  mechanism to be established
                                      by political chicanery

    the Euro Stability Mechanism (ESM)
    is a permanent rescue funding
                                      programme to suck seed
    the temporary Euro’ Financial
             Stability Facility
                  and the Euro’ Financial Stabilisation Mechanism
    July 12’

    but postponed… until
    after the Federal Constitutional Court
    of Germany had confirmed
                                              legality of the
    measures 12 Sept’ 2012
                                   dragons snort rolling in pools of gold coin

    London excluded from
    future financial regulations
    including proposed EU financial
    transaction tax
                                and crime minster Cameron juggles
    his nukes
               who tried to buy peace with money?

    26 countries had agreed to the plan
    leaving U.K as only
                             country not willing
    to join.

    in case of economic shocks
    policy makers try to improve
                                  competitiveness
    by depreciating the currency
                           as currently in Iceland
    which beat-off the biggest financial
    crisis in economic history

                                               13’ China, India, and Iran
    with sluggish growth
    some drone attacks and
                     terrorism have NOT entered
                                                            recession

    however eurozone countries
    cannot devalue their
    currency
                                            as Silvio Gessel and C. H. Douglas
    and Ez might suggest

    this may nip usury in the bud
             and present a new solution to
                                                          boom bust cycles
                                  derivatives and crimes against nature
                                                              crimes against humanity

    “A system which becomes in practice merely another hidden and irresponsible tyranny is no better than any other gang of instigators to theft and oppression—Ez, the proof of the pudding. 1937.

    –Steven James Pratt (Fly Agaric 23) 25-28 May 2013.

  • Just Like “Finnegans Wake,” But With Charts – Senate Committee Issues Report on Financial Crisis

    http://blogs.forbes.com/timothyspangler/2011/04/16/just-like-finnegans-wake-but-with-charts-senate-committee-issues-report-on-financial-crisis/

    “When i read the court proceedings in Joyce’s wake around page’s 572-576, i instantly thought about the court hearing that will come concerning the banking turmoil and crash affecting all humanity, especially the poor and displaced peoples, due to the international global financial system in place in 2009.–Steve fly.

     James Joyce writes:
     

    “This, lay readers and gentilemen, is perhaps the commonest
    of all cases arising out of umbrella history in connection with the wood industries in our courts of litigation. D’Oyly Owens
    holds (though Finn Magnusson of himself holds also) that so
    long as there is a joint deposit account in the two names a
    mutual obligation is posited. Owens cites Brerfuchs and Warren,
    a foreign firm, since disseized, registered as Tangos, Limited,
    for the sale of certain proprietary articles. The action which was
    at the instance of the trustee of the heathen church emergency
    fund, suing by its trustee, a resigned civil servant, for the
    payment of tithes due was heard by Judge Doyle and also by a
    common jury. No question arose as to the debt for which vouchers
    spoke volumes. The defence alleged that payment had been made
    effective. The fund trustee, one Jucundus Fecundus Xero
    Pecundus Coppercheap, counterclaimed that payment was invalid
    having been tendered to creditor under cover of a crossed cheque,
    signed in the ordinary course, in the name of Wieldhelm, Hurls
    Cross, voucher copy provided, and drawn by the senior partner
    only by whom the lodgment of the species had been effected but
    in their joint names. The bank particularised, the national misery
    (now almost entirely in the hands of the four chief bondholders
    for value in Tangos), declined to pay the draft, though there
    were ample reserves to meet the liability, whereupon the trusty
    Coppercheap negociated it for and on behalf of the fund of the
    thing to a client of his, a notary, from whom, on consideration, he
    received in exchange legal relief as between trusthee and bethrust,
    with thanks. Since then the cheque, a good washable pink,
    embossed D you D No 11 hundred and thirty 2, good for the figure
    and face, had been circulating in the country for over thirtynine
    years among holders of Pango stock, a rival concern, though not
    one demonetised farthing had ever spun or fluctuated across the
    counter in the semblance of hard coin or liquid cash. The jury (a
    sour dozen of stout fellows all of whom were curiously named
    after doyles) naturally disagreed jointly and severally, and the
    belligerent judge, disagreeing with the allied jurors’
    disagreement, went outside his jurisfiction altogether and ordered a
    garnishee attachment to the neutral firm.” –
    JAMES JOYCE. FINNEGANS WAKE:
    Part:3 Episode:14 Page:575