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Barter Deals: Another Symptom of the Breakdown of Global Financial Markets

Posted by alifinmath on January 27, 2009

Another stake through the heart of global finance capital. An article in today’s FT:

Countries struggling to secure credit have resorted to barter and secretive government-to-government deals to buy food, with some contracts worth hundreds of millions of dollars.

In a striking example of how the global financial crisis and high food prices have strained the finances of poor and middle-income nations, countries including Russia, Malaysia, Vietnam and Morocco say they have signed or are discussing inter-government and barter deals to import commodities from rice to vegetable oil.

2 Responses to “Barter Deals: Another Symptom of the Breakdown of Global Financial Markets”

  1. […] a global depression sweeps the land, it will not be easy to un-specialize. But we may have to. We will need to raise part of our own […]

  2. alifinmath said

    I’ve bookmarked your site and recommend it to anyone who strays to these comments. Thanks. AA

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