Friday, April 20, 2012

Derivative


the sustaining of derivatives
in financial markets
is an aggressive act
against the economic sovereignty
of the people

derivatives represent a tyrrany
and the assassination of economy

derivatives form a coup by the few
for the destruction of production

derivatives conjure a wicked alchemy
and divination of paper over paper over paper
over the rock of security
and the wisdom of the pruning shears

the derivative makes the now of industry
the matter of abstract future
negating the real estate of the past

the derivative is the off-centered fulcrum
that balances paper and gold
where nothing is owned
everything is sold

the derivative is the conma
slipping his stealthy foot in the cracks
of land labor and capital
gouging life savings
through a soft smiling larceny
of fast easy risklessness
where one naked short sighted listlessness
can evaporate a kingdom
even an empire
in one hour

is this your desire
saint augustine
give me chastity but not now
he said
on his way to bed
with the whore of revelation
hand in hand with the obamanation
that maketh desolation
for in her short reign of economic terror
we derive this
that when the horseman he doth send
all the cards will tumble
as our promises crumble in the end

Economic Recovery?

Economic recovery? Humbug! So long as there are derivatives which include the credit default swaps so prominent in the fall of AIG, collateralized debt obligations, structured investment vehicles, asset-backed securities, mortgage backed securities, auction rate securities, and a myriad of other toxic variations a black hole exists which will suck in any material prosperity. These instruments are paper of paper of paper of paper. They once were illegal. Ban them!

Read Tarpley on freezing derivatives:

Sunday, April 15, 2012

Economic Terrorism