monetary crisis, n.All

A Monetary crisis (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠unavoidable as long as the social character of labour appears as the money-existence of the commodity, a thing outside actual production.

A Monetary crisis (n.) sacrifices ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠many millions' worth of commodities for a few millions in money — the value of things given up to guarantee value's fantastic existence in money. One of capitalism's particular charms.

A Monetary crisis (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the moment the capitalist who laughed at the hoarder's superstition suddenly sees money exactly as the hoarder does — the only form of wealth.

A Monetary crisis (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠only the surface: what appears as a crisis of money actually expresses anomalies in production and reproduction itself — unsold cloth piled up in India, unpaid Indian goods in England.