"Developed countries, especially the U.S. and western Europe, produced an enormous amount of paper that represents assets that are unaccounted for," he says. The Bank for International Settlements put total notional value of outstanding derivatives at $591 trillion at end of 2008. "The amount of paper you have in America and western Europe that is unanchored to anything you can put your hands on is enormous," "Why should you be listening to me, a Latin American? Because we know something about flooding a market with paper." He's alluding to such crises as Argentina's repeated bouts with inflation or the loose...