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I still cant believe how these countries got into so much debt.
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One word.... Traders
I reckon the real problems started when the international monetary system was changed to remove any requirement for solid backing of currency with assets ( ie gold ). Having to back everything with gold etc meant people couldnt trade as freely and as recklessly as they could when it was just bits in a computer.
Just think what will happen when the traders get their hands on something as diaphanous as carbon.
Wonder how much you can get for a burning country??
Is it worth burning a country for profit???
Andrew