#Clearing

Clearing is the act of magically erasing financial debts. A ritual that briefly restores sanity to cash flow. It simultaneously summons the creditor’s wry smile and the debtor’s panic. Like a collective hypnosis celebrating the end of numbers. Yet everyone knows the same stage will repeat next month.

A clearing-house is the night watchman of finance that herds countless transactions into one place and unleashes them at the magical moment called settlement. Their true mission is to artfully manipulate numbers and shift blame with an invisible hand. If they work smoothly no one notices, but if they falter they become the spark for excuses and conspiracy theories around the globe. Ultimately profits get distributed and losses get shoved onto someone else by the stroke of their stamp, the silent rulers of money.