Irish Club Develops Free Money Technology

And Issues Challenge to the Global Business Community

By John Craddock’s word replace function and www.steorn.net

Dublin City FC (DCFC), an Irish football club, has today issued a challenge to the global business community to test its free money technology and publish the findings.

DCFC’s technology is based on the interaction of accountancy standards and allows the production of clean, free and constant money. The technology can be applied to virtually all businesses requiring money, from cellular phones companies to football clubs.

DCFC has been confounding the business community for years by spending money with no apparent income, violating the first law of company law which stated that you can’t spend money which you don’t have. Despite little apparent income, DCFC have twice gained promotion to the eircom League Premier Division and expect to have enough money in five years time to play Champions League football in an eighty thousand seater stadium in Abbotstown, North Dublin.

Ronan Seery, CEO of DCFC said they had not set out to develop the club, but "it actually fell out of another club we were working on". One of the basic principles of league membership is that a club can neither be created nor destroyed, it can only change name. Seery said a big obstacle to overcome was the disbelief that what they had developed was even a new club.

DCFC has placed an advertisement in The Economist magazine this week quoting Ireland’s Nobel prize-winning author George Bernard Shaw who said that "all great truths begin as blasphemies". Their aim is to attract the attention of the world’s leading business people working in the field of experimental accountancy. From all the business people who accept DCFC’s challenge, twelve will be invited to take part in a rigorous testing exercise to prove that DCFC’s technology creates free money. The results will be published worldwide.

Seery commented: "During the years of its development, our technology has been validated by various independent business people and accountants. But we have been unable to get significant commercial interest in it. We have had business people come in, test it and, off the record, they are quite happy to admit that it works but for fear of ridicule, none were willing to go public.

The technology is proven to work. Otherwise we would not have been granted a UEFA License, which the FAI only awards to clubs with strong, healthy finances. But for us to be able to commercialise this and put this into peoples' lives we need credible, academic validation in the public domain and hence the challenge,

"We are now seeking twelve of the most qualified and most cynical from the world’s business community to form an independent jury, test the technology in independent companies and publish their findings.

"We are under no illusions that there will be a lot of cynicism out there about our proposition, as it currently challenges one of the basic principles of accountancy. However, the implications of our technology go far beyond business curiosity: addressing many urgent global needs including security of money supply and zero emission money production. In order for these benefits to be achieved, we need the public validation and endorsement of the business community".

Over the past two to three years, 90% of the experts the company asked to examine the technology refused. He said the 10% who investigated drew the same conclusion as the company that it can create free money. "We’re playing our part in making that happen by throwing down the gauntlet with today’s announcement - now it’s over to the business people to ensure that the real potential and benefits of our technology can be realised."

This article originally appeared in Volume 6, issue 6 of STIG.