It seems that our worst fears are coming true and the rogue bankers are already executing their evil plans to transform Mongolia into a Utopian Banking Society. With the economic crisis driving cashmere demand and prices down, many herders in Mongolia have no choice but to default on their loans. As a result, most will be forced to move into mining - conveniently leaving vast tracts of land even less populated...
The Wall Street Journal reports;
Monday, April 20, 2009
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