Horsecore 2008 Now

But like all things in 2008, Horsecore buckled under its own weight.

The peak was —a supposed “rally” in October, just before the Lehman collapse. Two hundred people on horseback (and a few on stolen golf carts) rode through the outskirts of Scranton, carrying torches made of rolled-up subprime mortgage contracts. A local news helicopter caught the image: a sea of lanterns bobbing over a dark field, horses’ eyes glowing red in the infrared. The anchor called it a “cult.” The participants called it a “liquidity event.”

And if you listen close, you can still hear them screaming: “TARP can’t save you. The trailer can. Ride or die—hoof and claw.” horsecore 2008

Clay got out of jail and tried to monetize—selling “Horsecore 2008” T-shirts with a galloping silhouetted horse wearing a gas mask. The hardliners accused him of selling out to “the hay industry.” A splinter group called burned his remaining hay supply. Then winter came. Horses got cold. People remembered they had jobs (sort of). By February 2009, the Horsecore forums were dead, replaced by arguments about whether Obama was going to seize everyone’s 401(k)s.

The year is 2008. The housing market has cratered, gas is four bucks a gallon, and the only people who seem calm are the ones out in the pasture. But like all things in 2008, Horsecore buckled

That photo was called “Neigh-gger Woods.” It went viral on early blogspots.

He rode Dolly into the town square of Honesdale at 2 a.m., screaming about fiat currency and the Federal Reserve. The police tried to box him in, but Dolly kicked a Crown Vic’s headlight into the next century. Clay was arrested, but not before a freelance photographer for Vice got the shot: a bearded man in Carhartt, holding a hay hook in one hand and a foreclosure notice in the other, tears frozen on his cheeks in the flash. A local news helicopter caught the image: a

That was Horsecore. A two-month hallucination at the end of the American excess. Never a movement. Always a feeling. And the feeling was: sell your stocks, buy a saddle, and outrun the apocalypse at twelve miles an hour.