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overtheedge
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The Virtue of Hoarding

- George F. Smith - Barbarous Relic

A penny saved is a penny earned. There is no such thing as a savings account, it is an unsecured loan to the bank. Cyprus is proving that.

Greed is good. Hoarding is better.

Government hates it because it reduces the velocity of money and in doing so, robs government from a very enviable tax revenue stream. Just look at the government ROI via taxation. The I part of ROI is highly questionable.

Greed means you self-insure.
Hoarding is just the tactics used to pursue the strategy known as greed.
But this robs insurance companies and government insuring entities of a profitable revenue stream all of which lead back to government coffers through taxation.
So hoarding is self-insuring and leaves the profits in your pocket.
Buying insurance, corporate or government entity, means you pay taxes twice. You pay when you earn it and then you pay the corporate taxes when you pay your premium.

Hoarding has another public good. It removes surplus production from the market and in doing so, supports productivity. When shortages arise, this hoarded surplus re-enters the market. Usually at a profit that should cover the monetary rent, storage and redistribution costs.

Since when is profit such a sin? Who said so? Government and their hired prostitutes aka economists?
Economics is a study in history. If they could predict the future, why have they been wrong so often? Why aren't the problems solved?
Further reading, George Orwell "1984"

When folks outside the mainstream can make more accurate predictions than the government prostitutes, you might wanna take notice and act accordingly.
Your choice, choose wisely.

Commented 4230 days ago

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Beginning of the headline :Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty... Read More

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