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Mi hija quiere entender el sistema financiero | Hernan Casciari | TEDxMontevideo


I have a daughter who is 13 years old

but in 2012 when it was the collapse

financially that all the

bags of the world and all that had five

less than now I would have eight nine

years and I was moving the news

We were having lunch watching the

newscast and a type of tie appeared

peeled a journalist who always gives

bad news was the one that predicted the

of the tsunami and that an airplane fell and

that day he said last moment he

the stock market plummeted around the world and my

daughter looked at me like that I resumed game and

followed the type and the value went up

nominal of the bond for not being able to sustain

the debt obligations and my daughter I

I looked at the investment banking collapse

said the guy are committing suicide the

shareholders and I opened my big eyes

and also obviously you are not

what’s going on something serious and then

nin my daughter always asked me

what is the tsunami that on the plane that

it fell and it was easy to explain it from

tsunami at the epicenter of a thing in

the framework of that Filipino model is

simple

I wonder what is this that happened now

dad is serious and I realized that no

I had no idea how to explain

to a boy what was that a

earthquake is easy to apply but as

explains to a child the collapse of the system

Financial not you could explain

why is it intangible more than anything but

since I am a hardhead and someone

free and writer I also proposed

do it so I wrote a story a

children’s story and the next day

when we were looking back at the

newscast and I went back to ask what

I did was tell a story that I want

share with you

I say at that day digenin

there was once a very quiet town and

that there was a boy called pepe

the protagonist who lived in the house

further away from the village

one afternoon pp went for a walk and

He grabbed hold when he returned home

open a bottle of wine while

he was drinking the wine he discovered one thing that

nobody had ever discovered there was no

bars in the village was not a bar to

pp thought that a bar could open

make others happy by giving them to take

and he also thought he could

win some currency and he was happy

with the idea of opening a bar

that afternoon his friend moncho went through the

Pepe’s house and gave him a good name

for the bar and you know that when a

outdated idea has a name already

start to walk that idea then pp

made a list of needs to open

the first bar in town

lina looked at me with her eyes open

account was fine so far

Pepe realized that since buying

tables chairs glasses painting a palenque

for bar customers to put

their horses and they can enter to take and

He took out the accounts and all that is going to

cost about 10 thousand coins of course

pp did not have 10,000 currency because the

poor but during the night you

there was a way to get those 10

thousand coins p p cut thousand pieces of paper and

wrote the phrase on each piece of paper

soon pepe bar a thousand times

wrote that and the Sunday after

Mass went to the town square

dressed in his best suit and told

all the neighbors in the square dear

neighbors I’m going to open a bar in the

Outskirts of town

everyone looked at what a good idea

They said some pp felt very good

with everyone’s attention and then

he showed in a fan the 1,000 pieces of paper

trimmed and said this is important neither

I said I said nothing pepe

Each of these thousand pieces of paper costs

10 coins

the neighbors looked at him who bought me

a piece of paper is going to have to keep what

because in a month when I

abraham and bar I will pay 12 coins for

every piece of paper that you give me back

then there were whispers throughout the plaza

and moncho that the town fool

I ask

for pepe but it does not cost 10 coins each

slip because you’re going to give away

well two more coins and pp said is not

give away moncho is compensate I go to

compensate with two more coins to which

help me fulfill my dream that is

open a bar

then the mayor who was out there

approached and said it makes sense has

a lot of sense very well pp and ernesto was

rich and I understood business said to me

the idea seems very good to me and the priest

Ricardo taking out some coins from below

of his cassock he said is a very idea

cristian I want some of your

pieces of paper and everyone started buying

papelitos de pepe

in that simple way and in one

morning pp got the silver for

open your bar among all the neighbors that

they bought the 1,000 pieces of paper

I bought two said Savino that the

poor but optimistic I bought him 36

shouted quique that the greedy and

arronero pp went home with 10 thousand

coins in the backpack and he fell asleep

thinking of his dream open a bar

the next day will be Monday and pp

he traveled to the city and bought wood for

build a master a counter and

he bought paint returned to his house and he

put to work did not go through the square

of the town in the next four

weeks that is to say I told him neither na pp no

he learned of the disaster that was going to be assembled

because of your little papers in that

moment of the story I braked and I stayed

looking at my daughter to see if she was

understanding the story whenever

texting the metaphors with the boys

especially when they are complex ideas and

she told me dad

this has nothing to do with what

Mr. peeling said on TV but

is good then I followed compe

I told what happened in the town during

the first week is on Monday the square

It was full of people much more than one

normal monday

many neighbors had spent the night

whole cutting their own pieces of paper

because they had also discovered

they had projects that they could not meet

for lack of currency

some pieces of paper said shortly

horacio ice cream other paper

he said very soon carmen hairdressing

and there were even some written papers

by moncho with misspellings that

they said at the end of the month of trips to the

Moon

Suddenly the neighbors climbed to the

lampposts of the square so that the others

neighbors could buy those pieces of paper

they prepare themselves to the source for

exchange notes for coins on

Tuesday was even worse

and on Wednesday you could no longer walk

through the plaza del quilombo that was

the mayor had to put order and

enabled a closed place in the

municipality so that the neighbors

could meet to exchange

piece of paper without destroying the square

this little place was opened on

Thursday and was baptized with the name of

room of the slips and so it was that

on Friday everyone who had a

project that the

coins needed to carry it out

and they had gone to work hours

extra was looking for ice cream milk for his

pp ice cream shop was developing the

wood for the bar counter carmen

sharpened the scissors for his brand new

Hairdresser and Moncho had bought two

skinny horses to make trips to the

Moon

they were only in the room of the

papelitos a group of neighbors to whom

never in their lives had they ever thought

no interesting project

the only thing these neighbors had were

pieces of paper from other people

one of these neighbors Ramon complained in

aloud

Caramba said now I need currency to

I do not have cigars

days also my last coins for

a little piece of paper now I need to smoke

The same thing happens to me, said Luis.

go to the movies do not have a coin

the complaints were increasing until

that xavi was not cunning he raised his

little piece of paper and he said he had a boy inside

three weeks pp will pay you 12 coins

to the one who returns this piece of paper that I

I bought 10

I’m selling my paper right now for eight

coin

us the miracles deal done said

ernesto who was rich but what to do

even richer and disrespectful of the

the for eight coins the paper ramón

and Luis also sold his little papers

for less than 10 coins and while one

I would like to buy a cigar and the other one if

to the cinema the other neighbors saw that

that was a new way of doing

business

although never in their life would they have

an idea of ​​truth occurred

some got on the other figures

they went up to the tables they started to

offer what they had even the priest

Ricardo came from the sad church said

friends the day that moncho put the

sell your paper I am a Christian

I bought him a few because he’s stupid

now moncholos sells to seven coins and

says he’s going to return 20 coins but it’s

silly and want to be trip to the moon and

Now I need coins to fix the

bell tower and nobody wants to buy me the

moncho paper

I’m sorry father Ricardo read all no

we can buy that move to the moon that

boy then the priest was

lounge with moncho paper

crestfallen and it was the first time in many

years that nobody was helping him

repair the church and so did the

first week

then the mirandin who told me ‘now

I think it starts to look like

who said the skinning of the TV and I

I say clear in the real world

the room of the papers is called the

stock exchange while the

slips of paper can have names

You can call bonuses in some countries

in other countries they are called obligations

the 12 coins that will pay pp when

the bar works or the 20 coins that

Moncho says he’s going to pay when he does

trips to the moon are called face value

of the bonus minamb euros and opened his eyes

great because he understood the girl eight

years

so I told him what happened

second week in the village I told him

that the house of pepe jano looks like a house

pepe’s house seems something else in the

dining room and a wooden bar the bathroom

it has become two bathrooms one for

ladies another for gentlemen the walls

they were half-painted in navy blue and

pp was very happy with the

progress of your bar

as he had not yet gone to the village pp

I was still

to see that the lives of their neighbors in a

quilombo of little papers that came and went

changing owner’s price even the

mayor after speaking with his

secretary decided to join the new

fashion

one Tuesday morning the mayor left

to the balcony with megaphone and said neighbors

the square was damaged after

fuss of the papers I need to raise

funds to fix the destruction of the

lamp to renew the source and to

buy me a motor car from this

now on sale 1,000 pieces of paper

officers Juan Carlos de la Pica are

Sabino asked nothing of currency said the

mayor my paper bet a horse

when the power take water when

lampposts give back light I have a

motor car I will return two horses

by paper the official pieces of paper

are on sale now run

the mayor’s papers are over

they sold in record time

everyone in the village gave their

horses to the mayor and from that day the

tasks began to be done on foot

meanwhile the exchange of

slips continued to rise and no longer

they reached for the pencils to write down

who owned that some

pieces of paper were very desired for example

pepe him working day and night

the concretion of his bar but to another

little piece of paper did not want us

for example those of moncho because his

artifact to make trips to the moon

at the moment it only consisted of two

horses and a car

nobody believed that that will start

take flight

ernesto the rich neighbor who had

bought many pieces of paper during the

first week

now wanted to get off the

monito paper and as well

I had pp papers he invented something

terrific what he baptized the bundles

of ernesto were closed packages with

100 pieces of paper of all colors by

example there were 10 pieces of paper from the bar of

pepe up 20 pieces of paper from the

ice cream shop by horacio the middle and 70

pieces of Moncho’s lunar project

down without anyone seeing

on Thursday of the second week the bundles

of Ernesto had great success among

the neighbors who were looking like crazy

pp papers or the mayor but the

Friday Quique discovered the trick and

He said care but careful the bundles of

ernesto sometimes come with pieces of paper

pp or the mayor at the top and

that’s fine but the bottom of the package

and a lot of moncho pieces of paper that

never in fucking life will you do any

trip to the moon

so before buying wads of

ernesto seek my advice

my rate for each tip is the currency

babe then the buyers of

papers always consulted here that

before buying ernesto bundles

ernesto quique who had been friends

for many years they stopped talking

forever

and so he spent the second week to that

height or na

I was almost an expert in this whole thing

I explained to him that in the real world

official papers of the mayor are

they call public debt securities

I explained that the bundles of Ernesto

they are called obligations of

debt while the house of quique the

where the neighbors go to

whether or not they rely on the underside of

moment they are called investment banking

then it contaminates you when you started

the third week in the village

some projects that were almost

finished and instead others were still in

diapers app just lacked nailing

the palenque so that the horses of the

neighbors

will be enough outside the bar now

got to beat milk and fruits for his

ice cream shop and he only had three

ice bars in town

On the other hand, Carmen had not yet

found a good place to install

your hairdresser

although you had dozens of scissors

sharp and what to say about poor guy

moncho his horses were every time

more skinny and sad although I do not know

fixed the day and night and it did not seem like

your device could fly in less than

a week the neighbors who had

monito de carmen’s papers were

restless and could no longer sell them

nobody until quique appeared with

a great idea

said quique hear those still

have papers of moncho not

worry I can sell them to franck

quique league for those pieces of paper and that

who asked sabino that he had many

moncho sticks very easy said

quique the one that has paperitos demonio me

pay two coins every night

from here to the end of the month and if I’m not

get to make trips to the moon

I pay the 20 coins promised by

moncho although moncho fail, they asked

everything, even if it failed, said tremendous quique

idea Savino said so we are not going to

feel much more tranquility and

we can buy more pieces of paper

fool of the town why I see myself is called

tranquility that said pique and many

neighbors began to pay quique two

coins per night to ensure the

moncho project in the middle of the

euphoria for these new ideas no one in

the town noticed that the mayor never

had fixed the streetlights or the

source of the square the mayor has already

fulfilled with a part only of the

promise had escaped the town with

a motor car was all there was

done on the only horses that are left

in the town they were those of moncho all

the others had been taken by him

mayor the secretary who had been

right hand of the mayor knew the

scam from the beginning decided to do

something so that nobody discovers the absence

of his boss and his idea was great he brought

to the room of the papers a blackboard and

he began to put a note from 1 to 10 a

each project to pepe’s bar put an 8 to

Carmen’s hairdresser put a 5 to

the ice cream shop duration 7 to the vehicle

to make trips to the moon demon him

put a 2 and doing the distracted to

the reforms of the mayor’s square

he put a 9 50 that mean these

numbers asked sabino and what the

Secretary said are the possibilities of

concretion of each project is for

help I do it for you and so

spent the third week

at this point they are explained inah in the

real world

the idea of quique to offer

tranquility are the papers of moncho

Fixed safer default

doubt and the big blackboard where the

secretary puts a note every

project in the real world is called

rating agencies that sometimes get

they mistaken inadvertently and sometimes they

wrong wanting then I wonder

if finally pp had managed to open his

bar because we were in the fourth

week and I told him the end of the

history

the end of the story says so when

the fourth week arrived and the

month pp got up very early and

He walked quietly to the town of

far away the façade of his bar with the

blaring neon sign

the bar was called the moon as it had

baptized moncho the first day

now all that was needed was for the

neighbors on horseback with the throats

dead of being pp toured the five

leagues to the village putting posters

in all the trees of the road bar the

Luna has opened every night every

poster that you put if you go far and you

he was proud looking at the poster

However, when he arrived at the plaza del

people did not understand anything of what

it was happening here he thought it would be

wrong way I was in a

different town it seemed that for that

people would have passed the war the

lampposts and the fountain of the square were

shattered

there was not a single horse in the streets

and the neighbors walked around

talking alone that happened here

asked Horacio when he saw it

there is pp said horacio crying there is pp all

the world crazed with the little papers

with mine with those of Carmen with the

yours with everyone suddenly started to see

more pieces of paper than coins and the mayor

he escaped from the village later in a

currency later disappear those

horses the vendors of bundles of the

unexpo broke the resellers of

tranquility of quique they could not

pay anyone escaped at night

We are in the ruin pp and your project

nothing asked pp and the hairdresser’s

carmen not mine was a failure said

prayer there are no horses to go to

look and not the city ​​and the side will

melts and carmen has no customers do not see

that everyone is uprooting

the hairs just for what they want peru

it was pp he was silent he could not

believe what they were counting then

horacio said oh god, I need something

strong and Luis said I also have the

dry throat and sabino asked pp

open but open the bar that I wanted

open and others also approached

ask for the bar pepe discovered

then that without a horse, nobody was going to

to be able to never go to his home in the suburbs

of the town and also understood that

I could never return the 10 thousand

currencies to nobody and then lived in the

half of the square to moncho the two

moncho’s skinny horses were the

only animals that were left and

they were dragging three cars with two wheels

each in the form of train to those cars

many neighbors were going up and others

they made a long line waiting to

go up

Moncho asked pp where all of

these people and much said where will it be

to knock down the moon

Pepe saw a sign hanging in the fountain

broken that said moncho makes trips to the

moon exits a coin free return

but moncho asked pp you knew that

everyone was going to be without horses he did not say

moncho only is one thing I what

I know that people can go to a bar

horse but nobody can go back drunk

and riding a horse and like I do not take

I thought my business could be

take them and bring them from the moon

then pepe hug moncho climbed

the first car and yelled let’s all to

the moon drinks for free the first night

and all the people rose and applauded and

ná even gladly applauded the end

of history

and then I told my daughter that

be careful because in the real world

the stories of the pepes and try

open bars or the stories of the

Monchos who want to travel to the

moon and nobody understands them

they are almost always projects that do not usually

have a happy ending like in the stories

children because in the middle they appear

kikes appear mayors appear ernesto

if secretaries and always throw everything to

to lose

but when any of these projects and

works

I told my daughter to finish when

these projects work when something

magical happens and they work they are called

dream and are usually wonderful

[Applause]

thank you very much

[Music]

”

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