The total bond debt traded across the world as of 2008 was $85,000,000,000,000 ($85 trillion). Bond debt has the ability to bring once wealthy countries like Argentina, to it’s knees. Bonds are viewed as safe haven investing used to weather the storm of the stock market, commodity market, and property market. The bond system was created out of desperation. The Florentine state of Italy during the Renaissance needed to fund mercenaries to protect their city from other states which had hired merce...
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