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Reply #35: Who makes huge loans to sovereign nations without collateral? [View All]

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clixtox Donating Member (941 posts) Send PM | Profile | Ignore Sat Nov-26-11 07:18 AM
Response to Reply #34
35. Who makes huge loans to sovereign nations without collateral?

The "World bank" and the IMF have been making these sorts of loans for decades!

Who else?

Venezuela had about 400 tons of gold last year, supposedly. 14th largest horde of gold in the world. Many of the countries that have large debt loads have relatively small gold bullion reserves...
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