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09-01-2020, 04:33 PM
In general as Mobo mentioned, governments can technically non-default LOCAL DEBT by printing money, but purchasing power is already eroded by high or hyper inflation, and FX will hurt the foreign investors. FOREIGN DEBT is another issue all together cause they can't print that.
And governments are sovereign. Actually what it means is that they can literally do what they need to do that is beyond the stated laws as long as the process of overriding is followed, including nationalisation with no compensation. Even in a democracy usually a super majority can already change the constitution.
It's no mean feat that Elliot was able to battle Agentina by starving them of foreign currencies.
And governments are sovereign. Actually what it means is that they can literally do what they need to do that is beyond the stated laws as long as the process of overriding is followed, including nationalisation with no compensation. Even in a democracy usually a super majority can already change the constitution.
It's no mean feat that Elliot was able to battle Agentina by starving them of foreign currencies.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)