It’s not impossible (more like highly likely) for that trust to go the same way of the Nauru Phosphate Royalties Trust. Administrative burden and corruption. Mismanagement. Exponential growth can’t go on forever.
It’s interesting that UAE is doing the same thing that Nauru did except on a larger scale with petrochemicals instead of phosphate.
It’s interesting that UAE is doing the same thing that Nauru did except on a larger scale with petrochemicals instead of phosphate.
https://en.wikipedia.org/wiki/Nauru_Phosphate_Royalties_Trus...