From Sovereign Wealth to Sovereign Debt

February 25, 2010  •  From theTrumpet.com

How fast the world changes these days!

Two years ago when the annual summit of those who move and shake the world economy convened in Davos, Switzerland, all the talk was about how the rich nations should employ their sovereign wealth funds. One of the gurus on a Davos panel that predicted at that time those funds would rocket from 2.5 trillion to 15 trillion by the year 2015 was the ceo of Lehman Brothers.

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