
It's payday. ATM's are swarming with pensioners waving their cards in a clump. A few hold an entire stack of ATM cards, each wrapped with a piece of paper that has the card's pin code on it. I imagine they drove in from the village and are doing everyone a favor. But how could this person possibly keep track of each person's amount? How much should he take out of each account? That answer is simple. All of it.People in Shamaxi, for the most part, do not keep their money in the bank. They keep it in the house; hidden in drawers, the refrigerator, or in their bras. The only investment option is to spend the money buying land, building a house or on new renovations.
We were discussing this phenomenon with a friend yesterday. I was describing one day when all three ATM's in town weren't working and I was wishing I had some cash stashed somewhere. Our friend was quick to point out that it's not ATM malfunction people are worried about:
"When SSR (the Soviet Union) ah, what's the word? dissolved, all the money eh...went away (hand motions for disappearing money) And a man is thinking, yesterday I had 15,000 rubles and now, I have nothing. Now we do not trust the bank, we trust the pillow." All the Soviet money was instantly worthless, all of it. Any account in the bank voided, as if it had never existed.
Just imagine that. Everything you've saved, you've worked for, gone. It's not so hard, really. Think of all those banks that failed at the beginning of the crisis two years ago, think about if every person who had money in those banks was now penniless. Think about how the stock market has crashed, how we are all waiting for it to slowly recover. But what if the stock market was never coming back? Or that it existed in New York and L.A. but everyone living in the new countries of Georgia, Montana, and Michigan were no longer a part?
When I think about all of this and compare it with the discomfort the financial crisis in America has caused and can't help but think that maybe I need to be cutting everyone I know in Azerbaijan a lot more slack.

