The Arrival of the Economic Winter
The economy is a social phenomenon and as such maintains biases inherent to human nature. Nothing as human as the relationship we have with natural cycles that have always accompanied us. Cycles of sowing in autumn and harvesting in summer, cycles of cold that force us to take shelter and other warmer ones that encourage us to go out and explore the world. This is why I wrote this metaphorical exercise comparing the seasons of the year with the recent history of money, especially the North American dollar, the world's reserve currency. According to my analysis, we are currently living in the economic autumn, which began with the Subprime crisis of 2007-2008. The economic and geopolitical events taking place right now in the world indicate that the change of economic season towards winter will be faster and more convulsive than previous ones. To understand what we are talking about, I am going to define some moments that marked the past of our monetary system in the previous season...