btw to whom each state is in debt to?
They must be in debt mainly not to each other but to some private firms or individuals...?
They must be in debt mainly not to each other but to some private firms or individuals...?
Banking institutions that lend them the money.
Specifically, the IMF and World Bank (usual mafia stuff). Nelson Mandela did the same in South Africa when he was president.
http://www.imf.org/external/np/exr/facts/finfac.htm
The IMF impose their own economic policies in return for the IMF loans which means you can have all the elections of coups you want but your economic policy is set in stone.
