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Thinking on Modern Concepts of Money and Fehu

September 1, 2019 2 comments

Something that is a current in many of the documentaries, blogs, and YouTube videos I watch is our modern society’s relationship with money. Money as we generally experience it in modern society is through the lens of fiat currency. This is true whether we are talking about the US dollar, kroners, or cryptocurrency. As I began to think on these things the Rune Fehu came to my mind.

Before I get into where Fehu gets into all of this, let us look at how modern currencies operate.

The US dollar ceased to be on the gold standard June 5th, 1933. On August 15th, 1971 dollars to gold ceased to be converted at a fixed value. What tethered the modern world’s reserve currency to any notion of physical boundaries disappeared a long while ago. Fiat currencies are the majority of the world’s currencies. So if there is no way that currencies are bound to physical things of value, where, then does our money come from?

All money is loaned into existence.

Both Investopedia and Chris Martenson of Peak Prosperity have explanations that agree on this. What does it mean for us that all money is loaned into existence with no backing to the currency by a physical object to which the value of money is tied?

As Michael Ruppert pointed out in the documentary Collapse:

Before the great growth of populaton which occured with the advent of oil came this revolution in the monetary system as well. There was a time when a pound sterling actually meant a pound of sterling silver. There was only so much silver out of the ground. You couldn’t print silver, it was something real. You cannot print any more money than there is energy to back it up.

That last point is deeply important especially since the banking sector relies on fractional reserve banking. Again, quoting Michael Ruppert:

Then there is Fractional Reserve Banking. If you brought me $10 deposit I could make $90 worth of loans just based on having that $10 in my drawer. It is all calculated that not everyone is going to come in and want their cash all at once -that’s a called a run on the bank. When I lend now a total of $100 based on that $10 deposit that is more money I create out of thin air. Well gee, that means that in order to pay off whoever gets that money [that person] has to make more money still to feed in at the bottom so that the banks can create still more money.

Because all money is loaned into existence at interest this means that the economy as a whole is constantly having to produce money, and thus, all those things tied to the economy have to keep on producing things that make money to keep up with the demand of the economic system. When a company goes under, unable to pay back its debts and defaults that money entirely disappears from the economy. Likewise, when I pay back a loan. This encourages debt to a degree heretofore unseen.

This kind of thing simply does not exist in nature. You cannot take any more carrots out of the ground than there were carrots growing to harvest. You cannot take any more milk from your cow than she is able to give. You cannot pull any more oil out of the ground than there is to be had.

The Rune Poems are quite simple and profound in what they have to say about Fehu. These translations I found on The Ragweed Forge. Fé, Fé, and Feoh are the respective Rune to each poem.

From the Icelandic Rune Poem:

Wealth
source of discord among kinsmen
and fire of the sea
and path of the serpent.

From the Norwegian Rune Poem:

  1. Wealth is a source of discord among kinsmen;
    the wolf lives in the forest.

From the Anglo-Saxon Rune Poem:

Wealth is a comfort to all men;
yet must every man bestow it freely,
if he wish to gain honour in the sight of the Lord.

The first two poem sources note that wealth is destructive among kinsmen, while the last calls it a comfort. Fehu, the proto-Germanic reconstruction of the root to the Rune in these poems, translates to cattle. Fé and Feoh are both related to the word cattle and the concept contained within it: mobility, wealth, and mobile wealth.

It makes sense that Fehu is related to cattle. Cattle are a significant source of wealth in Proto-Indo European cultures for a few reasons. First, maintaining any size of herd is expensive due to their need for pasture. The land, the ability to hold it securely, to staff it, and to care for it need resources all their own to work allow for this. Second, cattle produce immense amounts of milk from the cows and any cattle slaughtered for meat produce a lot, as well as a lot of skin, fats, and bones, all useful for an incredible varied amount of foods and goods. Third, they produce incredibly useful manure that returns vitality to the soil and allows fields to grow green and tall. Cattle, in turn, require healthy places to range, protection, and care from those who raise them. There is reciprocity bound into the relationship as a mandate for animal husbandry to work -at all.

Contrast this with how our modern systems of money and value are utterly divorced from these relationships. Cattle cannot grow forever, cannot exponentially reproduce in their lifetime. They die. Like every other living being they go through a life cycle of birth, maturation, decline, and death. There is no International Bank of Cattle. To be sure, there are cattle ‘stocks’ per se, but these are based more on how much poundage a given rancher can squeeze out of their cattle. The rancher is actively encouraged by the economic system to ignore what is best for the cattle, and ultimately, their own livelihood and continued wellbeing, in order to squeeze a few more pounds onto their animals prior to slaughter. The maximization of profits at the expense of the cattle’s comfort, health, wellbeing, as well as that of the lands they graze, or in the case of CAFOs, the bare minimum square footage they occupy prior to being slaughtered. The introduction and continued use of sub-clinical doses of antibiotics, used to increase the weight of animals so they produce more meat for slaughter, now is affecting the ability of antibiotics to kill diseases. We now have diseases developing or that have developed resistance to every available antibiotic.

The way our money system works defies the value that Fehu, even on a basic reading of its etymology, presents to us. Go deeper. Fehu, in the idea of wealth, presents not only living concepts of wealth in that wealth is in the land, water, air, and our relationships with the living world. I firmly understand Fehu as living in right relationship. Cattle can only grow healthy, well, and in numbers able to keep the herd and the humans who work with it healthy in this way.

Why do both the Icelandic and Norwegian Rune Poems warn of Fé being a source of discord among kinsmen? In the Icelandic Rune Poem it is called the fire of the sea and path of the serpent. The fire of the sea is a kenning, as gold is often referred to in fiery terms and it was often raided for. The path of the serpent, in my understanding, is a direct reference to Fafnir, the dragon featured in the Volsungasaga who is slain by Sigurd. The path of the serpent is greed, hoarding, miserly behavior. Wealth accumulated for its own sake, not shared with the community, not allowed to flow, turns poisonous. What should be a healthy relationship with things of value, shared with the community, with friends and loved ones, when kept to oneself turns destructive, destroying both the ability of the hoarder to give and the community to receive. It destroys good bonds of hamingja, denies the vaettir the ability to circulate and develop relationships with those who the wealth would help, and in doing this, stops the wealth’s own ability to be a positive force. Fafnir’s lair is described as desolate, and the air and water around him as poisoned. If we understand the idea of wealth to be those things from which value is able to derive, eg good soil, clean air, clean water, right relationship with all these things, and so on, then the hoarding of wealth allows these things to be destroyed or spoiled. One could easily look to a modern Fafnir as the landowner who simply sits on land, allowing the buildings on it to crumple and blight a neighborhood. One could easily look to a modern Fafnir as the company that operates in a town for years then, once it has entrapped the local economy and destroyed local businesses, when it downsizes or goes abroad for cheaper, more exploitable labor, it leaves behind all its effluence and rips apart the town as it goes. Then it is free to do it again in whatever town it finds itself down the road.

So what of the wolf in the forest in the Norwegian Rune Poem? The wolf was a consistent source of strife for the farmers. You can invest countless hours of work in maintaining your herds of cattle, sheep, or flocks of birds, and find at least one if not many eaten. Those animals were going to help you and your family survive the oncoming harsh winter. Now, they go to feed something that neither lives in your community or contributes to it.

The wolf lives in the forest, meaning it is utgard (outer yard aka outside) to the innangard (inner yard aka interior) of the farm. When looking at the Norwegian Rune poem, the idea I get is of the outsider coming in to disrupt the right relationship wealth has among kinsmen. A prime modern example would be the Pennsylvanians featured in the documentary Gasland. The companies that came in to set up fracking sites made a situation where one neighbor who profited via their mineral rights were pitted against their neighbors who did not until towns, even neighbors, were at each others’ throats over fracking deals being made. Whereas the Icelandic Rune Poem is a caution against the path of the serpent where wealth is hoarded and poisons both the person hoarding it and those around them, the wolf in the Norwegian Rune Poem is the outsider who ravages or pits neighbor against neighbor, profiting from the discord and gaining wealth for themselves and depriving everyone else of it. Since the wolf in this case is utgard, having no bonds of loyalty to those innangard, its disruptive force is even more impactful as it breaks good, healthy bonds of hamingja as well as those of right relationship between communities and the sources of wealth that sustain them and allow them to thrive. The wolf gets its meal in the form of the broken communities it leaves behind and the community gets to clean up after the slathering wolf who bounds away from the community’s slain lambs, licking its chops.

Contrasting these two poems, thankfully, is the Anglo-Saxon Rune Poem. Where the previous two cautioned against the dangers of wealth, this Rune Poem extols its virtues. Indeed, wealth is a comfort to all. Good air, clean water, good soil, right relationship, and the ability to provide for one’s community and self through these things is a source of deep comfort. Without the ability to bestow it freely, and receive it in kind we are left either to hoard it or destitution. Which Lord’s sight would we gain in honor? In my view Odin or Freyr works here. Regardless, when wealth is allowed to flourish the good things of that wealth circulate. From here we are able to give good Gebo to our Gods, Ancestors, and vaettir. Without wealth our cup is empty. We cannot make offerings from an empty cup. The potential of wealth, and indeed money itself to do good is there. It needs to be cared for and allowed to flow to do so healthily. We must be free to care for the land, air, water, and our communities. We must be free to work with the sources of wealth, to bring up good things in it and from it, and to exchange in good Gebo with each other. Fehu’s usual entrance in Runic dictionaries of ‘cattle’ belies the deep ties and right relationships it requires.

So what of modern money and Fehu? If we understand that wealth is not money, but rather, money’s value is derived from wealth, it presents a very different understanding of things compared to how modern society operates. A fiat currency is only able to be exchanged as payment for goods and services because we, as a society, have decreed this currency is able to be used for that purpose. Untethered from any real good, such as gold, which could serve to give it a basis in reality for its value, money’s value fluctuates based on availability in the economy, at how much it is borrowed into existence, and the price of the goods it is able to buy. In the end, money in our society is backed up by the amount of energy that makes it able to purchase goods and services and to pay taxes and our faith that it is a good medium for exchange. This way of organizing how money works directly impacts how we care for all the sources of wealth, our communities, and ourselves. If the only way attain the value of a thing is to price it in terms of what x amount of dollars can buy y thing then unless the sources of wealth can be readily exploited and converted into cash they are deemed relatively worthless. This is why a single room apartment in New York City, cramped and with thin walls, can cost upwards of $2,000 a month where a two bedroom apartment here in Michigan can cost around $800 to $1,000 a month. This is why vacant farmland, cut up and parceled to sell to homeowners, can run anywhere from $1,500 to $5,000 an acre just depending on how close it is to the nearest city.

Fehu requires us to tend the things from which wealth flows. The land, air, waters all must be tended so cattle, mobile wealth, can flourish. So we need to not only protect the land, air, and waters, we need to work to regenerate them. Yellowstone found that when wolves were reintroduced it had huge knock-on effects because rivers would come back and flourish. This was because the trees which held water and held the soil together were not being destroyed by hungry animals. This, in turn, allowed more and more of the park itself to flourish. Fehu, then, requires balance and true appreciation for those things which are the very sources of life, of wealth, and of the good things we can make of this life. We must be living well both spiritually and physically with the Gods, Ancestors, vaettir, and with one another. The soil and water must be healthy so the grass is healthy, so that in turn the grass is healthy so the cattle is healthy, and we who eat the cow then are healthy as well. What we value needs to be valued in life and in death. Slaughtering a cow is still a big undertaking. They need to be cared for well, they should be slaughtered humanely, they are heavy, and their body can make a lot of food and tools. All of this requires preparation, skill, and care to be taken with each step. Even without slaughtering a cow, while the excreta of cows is a potent fertilizer and balancer to the soil, it can only be so if it is allowed to compost properly so it does not present as a vector for diseases to soil, water, to the cows, or to us.

I agree with Kelly Harrel’s point in The Runic Book of Days: as the first Rune in the Futhark, Fehu is the warming power of Muspelheim where Uruz is cold solidity of Nifelheim. Both these Runes are thethered not only to physical concepts but to the spiritual and intellectual ideas found within the Runes. Again and again, wherever I look, Fehu is homeostasis, living balance found in living with the environment one is in. It is not peace; that is another thing entirely. Imbalanced, Fehu is the out-of-control population of hooved animals eating a piece of land to death, hot manure spread over soil, but not allowed to decompose. Imbalanced, Fehu is the path of the serpent and the wolf who breaks the boundariess of the yard, leaving privation and destruction behind.

Our ideas of money, then, should be oriented towards those things which allows the wealth of the soil, the water, the air, our bodies and our spirits to be healthy. This, in turn, makes our money useful to all these things while giving it the opportunity to grow in a useful way rather than for its own sake. When we herd we place boundaries on where the herd is able to go to protect the soil, the water, the air, and the cows themselves. We need to do the same with our money so it does not all leave us, just as we need to give it room to move and be useful. For our purposes, the budget shares the same purpose as the fence with cattle, and the objectives we turn our money toward are similar to the pastures we raise the cattle on. When it comes to Fehu and money I ultimately see a regenerative relationship should we keep in right relationship. The money we ‘graze’ today as investments can come back to us as good cows whose lives we honor by using everything they give us to its best extent. Ideally, we grow our sources of wealth and our money as we would actual cows: by making strong relationships that our descendents are able to benefit from and grow long after we become part of the Ancestors.

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Small Prayers for Jord

May 12, 2018 Leave a comment

Regin whose body is the World

O Earthmother

Let me walk well with You

May I listen closely

In the breath of air, the song of rain, the calls of birds

For what You would have me hear

 

Bless my hands, O Jord

That their work does well to You

Bless my heart, O Jord

That it always keeps You

Bless my head, O Jord

That is always thinks on what is best for You

Bless my feet, O Jord

That they always walk well upon You

 

Mound of all the Ancestors

Please let Them hear my words

Please let Them receive my gifts

Please let Them speak to me

Please let Them give Their gifts in kind

 

Mound of all the Ancestors

May my words be heard, my gifts received

 

Whose Heart is molten

Whose body is the ground

Hear my prayer, Earthmother

 

Thank you Jord for my life, my family, my Ancestors, the Gods that live in You, on You, and with You.

 

Hail Jord, Earth Itself! Hail to the wild places and the cities, the deserts of ice and sand, the teeming forests and the irradiated wastes, the deep oceans and the height of Your skies!

A Springtime Prayer to Jord

May 12, 2018 1 comment

Loamy Earth, deep and rich

Full and black

Hela and Nidhogg blessed

The Dead in Your body

The soils’ life

Renewed and resurrected

 

Seeds dig tendrils and reach up

Mushrooms grow and spores spread

Everywhere is life

Bound up in Your Body and Breath

O holy Jord!

 

Life and Death unleashed

Dancing within and across Your Body

Waters fall, rivers swell

Bellies quicken, blood flows

Flesh pales, bones are cleaned

 

The Lakes yet live

The fish yet swim

The deer yet roam

The trees yet grow

The bees yet harvest

 

Sun drenched and rain soaked

Buds come forth from the trees

Grasses grow tall in the hills

Fields are carved and planted in the farms

The winds are wild and storms fierce

 

Spring has come in its riot

Frost and heat and frost and heat

So Kari’s breath finally lifts

All moist in the morning

As Sunna’s Charge drives off the cold

 

Green spears burst forth from Your ground

Freyr’s Blessings rises tall

Falls beneath Gerda’s knife to rise again

All born in and borne by You

O Holy Jord!

 

The skies fill with birds’ flight

The ground with ants’ wars and tunneling worms

The gardens and wild places with flowers

The pots and beds with herbs

The heart with renewal

 

We hail You in Your Spring, O Jord!

Your raiments of green and purple, blacks and reds

Your swollen rivers and swelling fruits

Your cool breezes and warm days

Your blessings that pour, call, and grow all around us

Submissions to Odin’s Agon

December 31, 2017 Leave a comment

For Óðrerir’s Brewer

You kindled in me a love for brewing
Water, honey, yeast
Sacred magic, old magic

Kvasir’s brood, your spit

Relaxing and maddening

Teasing out the ties
Inspiration strikes
Fury froths

Growling forth from each sip, each gulp

May each brew be a worthy working

Each bottle a sacred vessel

Each glass a welcome offering

Alliterative Poem to Odin

Wind and wound

Scream and spell

Health and harm

Scar and sense

Wrath and release

Power and purpose

Grey and gold

Eye and iron

Hanged and hale



Making Midgard


When the Sons of Borr took up the spear

No ravens flew or wolves roamed

Nifelheim was far too cold

Muspelheim far too hot

They dreamed of more than ice and mist, fire and smoke

A World teaming with life, with warmth and with cold

A World full of flowing waters and rain

A World between the the Worlds

So when They slew Ymir

The Sons of Borr took up the best of all Worlds to make Midgard

Fire from Muspelheim gifted by Surtr

Ice from Nifelheim taken from Ymir

Fertility from Vanaheim gifted by Freya, Freyr, and Njordr

Wildness from Jotunheim made by the Jotnar

Riches from Svartalfheim dug deep by the Dvergar

Liminality from Alfaheim made by the Alfar

Death from Helheim overseen by Hela

Potential from the Ginnungagap woven by the Nornir

Within the Middle Yard each World was woven to the others

Crafted with care by the Sons of Borr

The #DoMagick Challenge Day 12

December 13, 2017 Leave a comment
Jera

Jera (Wikimedia Commons)

Today I did galdr with Jera.

I was absolutely exhausted yesterday and ended up sleeping right through my usual time to do my Runework straight on through to the next day.

Today I cleansed with the Eldest Ancestor, Fire.   Today’s galdr was held before my altar to Rúnatýr and the Runevaettir.  When I lit the candle, a white seven day candle, I made the Fire Prayer and thanked the Eldest Ancestor for cleansing me, purifying me for the work ahead.  I then sat the candle on the ground in front of me throughout the galdr.

In the first round of galdr I was shown land going through four seasons.  Different spots of land, or different lands around the area entirely, but it definitely had the look and feel of Michigan.  At least one of the lands was the backyard of the home where I live.  The cold of Winter melting into Spring growing into Summer and fading into Fall.  I saw how the waters flowed in the different lands, how rains swelled certain parts and fed into other areas of the land.  I saw different animals, from small insects to deer and coyote.  I saw how the land was throughout the year and all lived with and within it.  I saw the large garden of our house go through the melt, then sprout, grow, harvest, and die.  I find it interesting I was not shown it being planted or interacted with by humans at this point.  The other lands were clearly not tilled at all, and I saw how a forest, a plain, and swamp went through their seasons.

In the second round of galdr the experience of the first galdr rolled into this one.  I was walking the various lands and experiencing them, putting my hands to Earth, walking along grasses I had not seen, and walking through a forest.  I felt connection deep down with the land, kinship or something like it.

In the third round of galdr I experienced the lands as working with me and I the lands.  Growing a grove of trees to coppice, raising animals to work with the plants and insects to feed the animals, fertilize the area, and keep down harmful plants and insects.  It was putting my hands in the Earth to till in some sections, spread seeds there, to overturn the soil and lay down compost and hay.  It was the caring of animals, milking some and raising others to slaughter.  It was slaughter and butchering, it was planting, harvesting, cultivating.  It was sacred festivals celebrating these things.  Harvest tides.

When I was finished I cleansed with the candle as before, thanking it for cleansing me.  I then did my usual prayers to Rúnatýr and the Runevaettir, asking the Eldest Ancestor to help me come back to normal space as I blew out the candle, thanking the Eldest Ancestor.  This time I snuffed the candle, and felt peace as the smoke curled up around me.

Link to the Daily Ritual for the Challenge.

#DoMagick

The World

March 11, 2016 2 comments

The world is a Goddess and the world is a corpse

If you know the stories this does not shock;

The corpse of Ymir is the body of Jörð

 

The world is full of vaettir and yet is a Goddess

If you know the stories this makes sense;

The body of Jörð holds us and yet, we live within Her

 

The world is a world and it is many Gods

If you know the stories this is insight;

The world is not one thing to all Beings

 

The Goddess is a world and is one of countless

If you know the stories this is thoughtful;

The world is not the only place of Gods

 

The world is a home and it is one of many

If you know the stories this is wisdom;

This world is not the only one we will live in

 

The world is alive and we are part of it

If you know the stories this is existence;

The world teems with life, as do we

 

The world is living and it changes

If you know the stories this is evident;

The world shifts, and so will we all

 

The world is dying and it will die

If you know the stories this is powerful;

The world dies, and is reborn

 

The world is dead and it will live again

If you know the stories this is Ørlög;

The world is woven, and we are too

 

The world lives and it will keep on living

If you know the stories this is Wyrd;

The world lives, dies, and lives; so will we, one way or another

Awareness

February 18, 2016 Leave a comment

A chorus of spirits hum
In the droning of the vents
Another choir tweets outside the windows
A million unseen wriggle and work beneath the floor

Large wheeled spirits pass each other
Some with caution, others with abandon
All laden with spirits, they cross, they move, and you only hear them truly when they’re no longer synchronized

If we were honest, we would acknowledge that our homes are made of the Dead and spirits
Their foundations laying upon layers of the Dead and spirits of the world
The guts, made of fallen timber and mined earth, and the skin of wood, metal, and thin layers of dinosaur and plant stretched across them

All this takes to see is a turn of the head, an opening of the eyes
A spirit for every grain of sand, for every drop of water, for every bite of food
All deserving honor in their turn

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