House of Paine

credit mirage

credit creates  a mirage 
 saving is a fairy tale 


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remember polonius:


 "storing and saving 
 never the two confuse"

mostly 
todays consumption 
comes from todays 
on hand supplies 

 storage is a nullity 

broadly 
we are not squirrels saving nuts 

ya
 we have stuff stored 
but not much 
if we stopped producing and importing
in months 
we’d die 
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untie savings and investment 
in your mind

an abstention does not create
 a compensating  demand to invest 

 let alone 
automatically equal to itself

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 untie savings and credit 

not only is
there  no connection 
between savings and 
storage 
or savings and investment 
theres no connection 
between savings and credit 

no pineal gland gateway
between substances
 

two wayward spirits
one accident prone 
the other speculation driven

like minds and bodies 
if they seem to act as one 
its a fluke 
there is no  pre-set harmony 

my savings out of
my share of the value of production
just creates 
 the potential
consumption indirectly 
thru   investment 
hirings 
or if usury obtains
 directly
thru
consumption loans 
see the purchasing rights
 originally authorized
 by production
 of real value equivalents
travel about before reaching someone 
who spends it on consumption

that path is 
credit and it
determines who eatz 
when you abstain 

 

if investment credits 
happens to employ you 
your lucky 
------------------------
 this is also true
if slack exists
if hands are idle 
 credit can exceed savings
because slack productive capacity exists to be activated

under private capitalism
slack is endemic

credit is for ever liberated 
from "savings"

hence the mirage 
of credit

the system works otherwise
but we weebles
can keep up
the illusion 
theres a connection between saving and investment

that iz 
until a credit crisis
 crushes
the productive system

under  wave after wave
 of "future" faithlessness 
and
 both sides 
households and corporations
face 
 the aweful truth 

as they watch

department I
 go straight  from
 FUNKY TOWN
to 
             DUMPER HEEP

 
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