They might only technically be “selling” the gold. They may be paying for the importation of necessities with it because they have no cash.
posted on 12/10/2013 8:23:59 PM PST
(Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
Yep, no hard currency (besides counterfeit US dollars). Theirs is worth nil.
posted on 12/10/2013 8:38:58 PM PST
(Extra Large Cheesy Over-Stuffed Hobbit)
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