Every investment there trust fund made turned bad.

A few clicks south of the Equator about 1,400 miles off the northern coast of Fiji, the island of Nauru is only eight square miles in land area — an oval-shaped slab that is located in the epitome of no man’s land. Its closest neighbors (in clockwise order) are the Marshall Islands, Kiribati, Tuvalu, Vanuatu, the Solomon Islands, and the Federated States of Micronesia. The smallest independent country on Earth, Nauru has a story that is seemingly fitted to occupy an obscure section in Ripley’s Believe It Or Not!
Flash back 50 years. Nauru is enjoying its newfound independence, and it’s going well. Maybe too well. The island’s population of 9,000 is filthy rich due to phosphate, second only to the oil kings of Saudi Arabia in terms of per capita wealth. Nauruan residents don’t have to work too much, as their government has set up a trust fund that…
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