Ecuador Bankruptcy: Refusing to Pay 2012, 2015, 2030 Bonds

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I guess Correa's http://ipsnews.net/news.asp?idnews=36188" fell through...

He said that developed countries should create a fund to compensate the countries of the Amazon basin for generating oxygen. He argued that oxygen is "a priceless good," but the industrialised world should compensate the Amazonian countries because the oxygen they produce "benefits the entire planet." The compensation payments could be used to conserve the Amazon region, or to pay back creditors.
He said it was not fair to provide the world with oxygen for free, when agricultural machinery imported from rich countries is so expensive.

I feel so guilty for ... breathing!
 
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a ponzi scam ... The perfect vehicle to employ the layed off financial wizards that got us into this mess.
A CO2 exchange.
jal
 
did ecuador corner the market on http://en.wikipedia.org/wiki/Cyanobacteria" ?

anyhoo, i agree, it's no more silly than carbon credits.
 
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I thought we get most of our oxygen from the oceans. :confused: