“Fred & Joe” - The story of the credit crunch
for those who know poop about it…
How did it all happen?
The book is the story of a dung beetle named Joe, a consumer who saves his poops in a bank,
and Fred the mole, who is a banker. In nature moles eat worms that are mainly found inside rich soil and faeces. The dung beetle also eats excrements, and has the habit of finding holes underground, where he can save his rolled up faeces. Before they proliferate dung beetles store their excrements inside a cave, for then feeding the newborns.
So the story goes like this… Fred the mole proposes Joe to get a house, he would help him to build one and in exchange Fred would receive one poop a month (interests).
Joe is happy with his family and his own new cave/house. Fred is happy too and starts investing his new poops in something more nourishing. One day Fred trades his entire poop with some bad “green poop”, expecting to get something that could attract worms much faster. The green poop comes, it’s dry, and no worms would come. After the bad investment, Fred doesn’t have anymore poop, and also no longer has the beetles’ saved poop in the safe deposit.
Because of the lack of poop, Joe himself struggles too. He cannot longer pay his monthly poop to Fred. Fred then takes his house and kick Joe’s family out (repossession).
In the last page will see the bankrupt Fred behind a small table in the street selling lemonade…
back