Minicast D7: The Giant Ruby Affair
Sep 24, 2021•12 min
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Episode description
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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