Ninth Note to “The Schumer Shutdown”

By law, I as an ordinary depositor or lender to a bank can withdraw my deposit or loan from a bank whenever it is necessary. The law also ensures that in the event of a systemic financial meltdown, someone – but specifically the government – has to put up a certain amount of money loaned by the depositor to the depositor. But does the law ensure that the government does the same in this kind of situation? Meaning, in the event that the government is having a financial or fiscal meltdown rather than the financial system, is there a law that ensures that the government put up whatever it is that the lender gave to the government? And like we said, we are in an odd and bizarre situation where any dollar that is supposed to go into or out of government coffers goes poof! We are Afghanistan in 2021 now. The state evaporated in a matter of days! Not even months! So if the state evaporates before our eyes like it is evaporating now, what happens between the creditor or lender – namely, private elites – on one hand and the borrower or the debtor – namely, the government – on the other hand? It’s all mysterious, unknown, uncertain, and up in the air to say the least.