Savings is Predicting the Future

[Martin Hash]

Savings is a smokescreen the Nouveau Aristocracy use to justify their accumulation of wealth. "Saving" is a magic word, full of positive preconceptions held by regular people, but in reality, saving money has no intrinsic or extrinsic value except as insurance, or anticipation of a purchase, and only relatively small amounts are needed for either, not $millions & certainly NOT $100s of millions!

Often the argument given by economists for savings is as capital, but that word too has taken on mystical connotations, so-much-so that Republicans call The Rich “Job Creators” because of their vast accumulations of capital wealth. We don't require The Rich because they have capital, the elixir that starts businesses. Yes, The Rich can supply capital in the form of cash because they have it all, but capital can also be in the form of a loan from your Uncle Steve who already built his business & can endorse your bank loan via his property, or you could do it the old fashion way and build a business from the ground up using capital obtained from revenues or factoring your Receivables, plus common Bridge loans from fractional lending institutions, like your hometown bank, that get their capital from the Federal Reserve, which means capital ultimately originates with Government. We as a nation certainly do not require The Rich because they have savings, The Rich just claim that so they can accumulate even more wealth, and any money you personally “save” is simply an attempt to predict the future.