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.

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