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  • Since these third world countries are NOT as rich as Germany was in the 1920s (We are talking in relative terms to the US i.e. Germany and US in the 1920s, Third world countries and the US today) no one is willing to step in and work out a deal where they can inflate even the foreign debts away.My points, and the point Adam Smith made, is countries do NOT pay their debts and never have.
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