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When Lenin took control of the Russian government he canceled all of Russia's debts with two purposes in mind. One was to basically save the cost of repaying foreign loans. The second purpose was to declare, according to Lenin, Russia's independence from imperialist oppression. Additionally, it was a statement that Russia would control its own economic future.
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What is the 'blue screen' of the US Federal Reserve Board?
The 'blue screen' is where debts and potential debts are put.
How do you reduce the development gap of the country?
Ledc's pay the debts you owe to the richer Medc's or Medc's let the Ledc's off with the debts so the countries can help their country and stop thinking about the debts!
What is an insolvent estate?
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
What major debts owed to the Federal Reserve Bank of New York were repaid in the year 2012?
The major debts that were owed to the Federal Reserve Bank in New York were repaid by Bear Stearns and AIG in 2012.
Why would other country want to stockpile gold and silver?
In purely economic terms, it is because it acts as security against all the national debts. It gives a countries lenders the confidence that the country will be able to pay back their debts.
