Definitions HQ

A Hoard (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠always forming and dissolving: its existence constantly disappears, its disappearance constantly exists.

A Hoard (n.) that ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠stopped longing for circulation would be the burnt ashes of circulation — useless metal whose money soul had departed.

A Hoard (n.) lying ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠idle in strong-boxes produces no more effect than if it had stayed in the mine.

A Hoard (n.) is, ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠under capitalism, no miser's treasure but capital's restless reserve, constantly spilling into circulation and flowing back.

A Hoard (n.) first ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠becomes real and fulfils its dreams only in usury.

A Hoard (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠what money capital turns into when the circuit stalls at the first step — just as idle machines and unsold stocks are its stalls at the second and third.

A Hoard (n.) grows ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠without lifting a finger, because money available without any effort on its part keeps being cast into the same coffer — and for exactly that reason it is not yet capital.

A Hoard (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠not outside capitalist reproduction but a moment of it: the machine's value piles up beside it in money, bit by bit, until the machine dies and the hoard buys its successor.

A Hoard (n.) adds ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠nothing to social wealth — no more than if it had been spent on dinners; money that turns over ten times a day is not thereby worth ten times its value.

A Hoard (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠a 'dead weight' on capitalist production, running parallel to it but outside it — and the effort to make it pay culminates in the credit system and 'papers'.