Fear of absolute financial collapse has become chronic, as the IMF’s new alerts suggest. This rout will, of course, involve banks in the first place. Here is where the great economic contradiction is noticed: It seems that we keep the little money necessary for the small lives of people like you and me in institutions we don’t trust. Could it be anywhere else? well no, see the dilemma. That’s when the “corralito” in Argentina comes to mind, to give an example.
– Do you remember Corralito? Says a friend in the middle of dinner on Saturdays.
“It can’t be here,” one of the diners replies.
I’m not saying anything, but I’m suffering from disasters that won’t be here for years. There have been misfortunes that cannot happen to me. My mother, when I was little, I used to express my fear of being an orphan. He assured me that he would never die. And he died. My father, whom he judged to be eternal, also died. You’re going to say that my mom lied to me and what happened to my dad was an insecure kid’s crazy fantasy, but banks lied to us with choices as well as other financial products. And over the years, we’ve had the same fictitious trust in them as I did in my father.
But the so-called “financial system” includes much more. A worldwide network for normal and naive minds like ours.. It’s hard for us to understand how the collapse of a Silicon Valley bank would affect a lady in Aranjuez’s retirement plan. We are incapable of following the dotted line that connects so many different places and languages. They can explain it to us twice, two thousand, two million times, and even though we have to pretend we understand, we go on without understanding because if you don’t understand that, you don’t understand anything, you don’t understand. Realize that reality is globalizing and that is all. Well let’s be clear for once: we don’t understandWe don’t understand that our cat died because a butterfly flapped its wings in Hong Kong. And yet it seems so. Maybe the death of our cat caused the butterfly to flap its wings.