Maslatón: "The dangers for the saver who banks dollars are a direct consequence of the model driven by Caputo"

PerfilIndependentProgressive4 hr. ago

Financial analyst Carlos Maslatón warns about the risks faced by savers who hold dollars in Argentina, attributing these dangers to the banking model promoted by former Economy Minister Domingo Caputo. He explains that this system allows banks to convert dollar deposits into their own assets, enabling them to lend or transfer funds freely. Maslatón argues that this creates 'argendólares'—dollar-like currency that cannot be transferred abroad and is vulnerable to financial crises. He highlights the systemic risk of this model, which relies on continuous foreign debt growth and unlimited financial leverage, and warns that it could lead to economic collapses similar to those in 2001 or 1981. The analyst emphasizes that this mechanism is inherently unstable and unsustainable.

Bias read (Progressive): The article frames the financial crisis as a consequence of neoliberal economic policies implemented by Caputo, aligning with leftist critiques of capitalist models. It uses strong condemnatory language against the current economic system and implies that the problems stem from structural flaws in a