The KLF to Headline !!!!

[Yoghurt on a Stick]

On 7/23/2024 at 9:22 PM, paulshane said:

I 100% believe they burnt the cash

 

My mate did say that the bloke genuinely looked pissed off. However, that could all be part of the art.

 

On 7/23/2024 at 10:02 PM, faymondo said:

They deffo burned it. Still unsure as to why. My theory is that Drummond needed to just get back to "normal" whatever that is. The KLF turned into a music industry beast they were all against even if it was all on their own terms. 

 

Back in 2017 I went to a KLF event in Liverpool over three days. Big discussion on night one over the burning of the million.

 

Wrote a blog on it.

 

Days 1 & 2 https://wp.me/pzmxh-1il

 

Day 3 https://wp.me/pzmxh-334

 

I can't read those right now, but have made a note to read them in the near future. Reading in depth is difficult at this late hour. I shall also send copies to my mate, if that's OK with you? He'll be interested, I'm sure.

[paulshane]

59 minutes ago, Yoghurt on a Stick said:

 

My mate did say that the bloke genuinely looked pissed off. However, that could all be part of the art.

 

I spoke with Mr Drummond at length a while back, in a turkish barbers in Stoke Newington, for a book signing, all very 'KLF' and while we didn't talk about the KLF era, as it wasn't the time or the place, everything he said and all the other anecdotes, just made me even more sure that burning the cash is just something they would have done, because they could.

[Yoghurt on a Stick]

13 hours ago, paulshane said:

 

I spoke with Mr Drummond at length a while back, in a turkish barbers in Stoke Newington, for a book signing, all very 'KLF' and while we didn't talk about the KLF era, as it wasn't the time or the place, everything he said and all the other anecdotes, just made me even more sure that burning the cash is just something they would have done, because they could.

 

One of those 'seemed like a good idea at the time' moments. Mind you, there are those that can lose as much (and more) in a casino in a night's sitting.

[gizmoman]

6 hours ago, Yoghurt on a Stick said:

 

One of those 'seemed like a good idea at the time' moments. Mind you, there are those that can lose as much (and more) in a casino in a night's sitting.

The difference is that the KLF didn't lose the money they knew where it was going. No money was burned only currency.

[Yoghurt on a Stick]

39 minutes ago, gizmoman said:

The difference is that the KLF didn't lose the money they knew where it was going. No money was burned only currency.

 

I'm having difficulty understanding your statement. Are you able to elaborate? I'm stoned and my mind is going off in all directions.

[gizmoman]

3 minutes ago, Yoghurt on a Stick said:

 

I'm having difficulty understanding your statement. Are you able to elaborate? I'm stoned and my mind is going off in all directions.

They essentially paid the government £1m in tax, the only value lost was the cost of reprinting the notes, a few hundred quid I would guess, irrelevant in the scheme of things.

[Yoghurt on a Stick]

50 minutes ago, gizmoman said:

They essentially paid the government £1m in tax, the only value lost was the cost of reprinting the notes, a few hundred quid I would guess, irrelevant in the scheme of things.

 

I hear what you are saying, and it makes much more sense. However, is there any proof of this eg a recognisable payment to HMRC?

[gizmoman]

42 minutes ago, Yoghurt on a Stick said:

 

I hear what you are saying, and it makes much more sense. However, is there any proof of this eg a recognisable payment to HMRC?

? no it wasn't a direct payment, it was like counterfeiting in reverse. They destroyed some currency, that reduced the amount of currency supply increasing the value for everyone else holding it. The government could then print and spend another £1m which would return the supply to what it was. It wouldn't make a noticeable difference to the real economy but the £1m wasn't lost.

[Yoghurt on a Stick]

10 hours ago, gizmoman said:

? no it wasn't a direct payment, it was like counterfeiting in reverse. They destroyed some currency, that reduced the amount of currency supply increasing the value for everyone else holding it. The government could then print and spend another £1m which would return the supply to what it was. It wouldn't make a noticeable difference to the real economy but the £1m wasn't lost.

 

I sort of get the 'quantitative easing' bit - a little , but surely the money (in paper form) would have been lost to them ie the KLF, but not so the economy as a whole?

[gizmoman]

2 hours ago, Yoghurt on a Stick said:

 

I sort of get the 'quantitative easing' bit - a little , but surely the money (in paper form) would have been lost to them ie the KLF, but not so the economy as a whole?

Yes, the value was transferred, most people would think the 'money' went up in smoke, but in fact the value was transferred, either to the government or to the wider economy however you wish to view it. I believe they did it to get people to question the nature of currency and think about how paper money is an illusion, it has no intrinsic value.

[Yoghurt on a Stick]

40 minutes ago, gizmoman said:

Yes, the value was transferred, most people would think the 'money' went up in smoke, but in fact the value was transferred, either to the government or to the wider economy however you wish to view it. I believe they did it to get people to question the nature of currency and think about how paper money is an illusion, it has no intrinsic value.

 

Paper money is indeed an illusion. It can also be counterfeited (nice long'ish story about this in link below. It's a great read in my opinion) which when added to quantitative easing allows for the dilution of paper money's value).

 

https://www.gq.com/story/the-great-paper-caper

 

I also think as we become more and more a cashless society that cryptocurrencies (especially Bitcoin) will be taken up by more people. I say this because a black market needs currency. 

[gizmoman]

1 hour ago, Yoghurt on a Stick said:

 

Paper money is indeed an illusion. It can also be counterfeited (nice long'ish story about this in link below. It's a great read in my opinion) which when added to quantitative easing allows for the dilution of paper money's value).

 

https://www.gq.com/story/the-great-paper-caper

 

I also think as we become more and more a cashless society that cryptocurrencies (especially Bitcoin) will be taken up by more people. I say this because a black market needs currency. 

Great story, wasn't aware of him.

[Yoghurt on a Stick]

14 minutes ago, gizmoman said:

Great story, wasn't aware of him.

 

It is a fab story, indeed. Mind you, I do heavily favour books that are to do with dodgy people, so am biased in that direction.

[Supernintendo Chalmers]

https://www.mumufication.com/about/?utm_source=Klaviyo&utm_medium=campaign&utm_campaign=K2 announcement&utm_id=01J3N7GNZ97PSNVSNYC9G2QXY7&_kx=kJAhtkM39DzO1Wz5g4k5-qSs_Bp1hYvYGW2sQXIDWy4.YnEs2E

[Supernintendo Chalmers]

https://www.mumufication.com/shop/

[incident]

On 12/11/2023 at 10:17 AM, incident said:

They'll put another piece of merch on sale based around an idea they had 25+ years ago.

 

Oh.

[Yoghurt on a Stick]

On 12/11/2023 at 11:28 AM, paulshane said:

And I'd probably buy it 🙂

 

Over to you @paulshane

[paulshane]

1 hour ago, Yoghurt on a Stick said:

 

Over to you @paulshane

 

the mumufication site has been up a while, i have a few things from it 😄

[paulshane]

1 hour ago, Yoghurt on a Stick said:

 

Over to you @paulshane

unopened hiviz

 

 

can't find the sticker pack, probably tucked in amongst my vinyl somewhere 🙂

[Yoghurt on a Stick]

👔

2 hours ago, paulshane said:

unopened hiviz

 

 

can't find the sticker pack, probably tucked in amongst my vinyl somewhere 🙂

 

Wow! I'm kind of lost for words, but salute your lunacy!      🦺

 

 

[paulshane]

3 minutes ago, Yoghurt on a Stick said:

👔

 

Wow! I'm kind of lost for words, but salute your lunacy!      🦺

 

 

 

I'm obsessed with the KLF and all the associated lunacy 😄

[Yoghurt on a Stick]

2 hours ago, paulshane said:

 

I'm obsessed with the KLF and all the associated lunacy 😄

 

You don't say!

 

I don't really know much about them. In fact the knowledge that I have is right next to nothing. Not very far away from nothing, at all. However, the burning of the loot bit (the bit that I do know about) is of some interest. 

[faymondo]

A bit obsessed myself 

 

[Woz101]

Can't see it mentioned in this thread, but John Higgs' book on the KLF is superb if you even have the slightest interest in them. They definitely burned the money (some burned remains washed up on a beach) and I don't think they themselves really know why. 

[paulshane]

new merch, for the 2323 tour 🙂

 

https://l-13.org/product/the-klf-black-room-2323-official-bootleg-t-shirt/

 

which is a version of this widely available japanese t (not my link, just the first one on google i could find) :

 

https://www.etsy.com/uk/listing/1753551789/the-klf-tshirt-iconic-music-band-art?click_key=fa75d2b899105d7b6746f750a2caae18c8487cc5%3A1753551789&click_sum=012302d9&external=1&rec_type=cs&ref=landingpage_similar_listing_top-5&pro=1