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Undermoney (guest: Jay Newman)
The Market Huddle
The World for Enforcing Sovereignty
The world for enforcing sovereigntyt has gotten very, very complicated and much worse over the last 25 years. In fact, i think it's most, most of the sovereign theat outstanding to day is pretty much unenforcable as a legal matter. So eventually they say, w we'll pay you 90 cents or whatever, 95 whatever you gus agree on, and you get your money.
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