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.
DEEP SCRATCH 