Minicast D7: The Giant Ruby Affair
- Author
- Ed Burmila / Mass for Shut-ins
- Published
- Fri 24 Sep 2021
- Episode Link
- https://massforshutins.libsyn.com/minicast-d7-the-giant-ruby-affair
Will the US mint a trillion-dollar coin? Probably not, but in 2001 the tiny island nation (I know, I know) of Vanuatu created $300 million overnight by quadrupling its sovereign debt using as its stated collateral a 182-pound ruby that may or may not actually have existed.
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