The analysis of the story “The Curse” by Canetti (1977; it could have been a dream) allowed us to address concepts such as early trauma in Ferenczi, trauma in Freud, the body as a register of deep pain that houses perhaps even deeper psychic pain. Trauma occupies a principal place. It is a real trauma that cannot be linked; it is split off. In this sense, Ferenczi proposes thinking about the constitution of the infantile ego as an extension of the adult ego, thus this ego can operate as a structuring or de-structuring of the early trauma. The narration of this story allows us to think about the traumatic events in two stages. One is inferred, and the other is heart-breakingly manifest. One speaks to us about object relations, and the second deals with the real experience and refers to the failure in primary libidinal cathexis.