Kiribati's Secret History: What They Don't Tell You | 4K

Kiribati has no currency of its own. The cash in people's pockets is Australian, the only bank in the country is Australian, and the average cash income is about nine dollars a day. Yet the government keeps roughly $1.6 billion in a fund. Those numbers don't add up — and the story behind them is one most people have never heard. It starts with a single rock sitting by an office door in Sydney, passes through a British court that traveled all the way out to the islands, and ends with a standoff at sea where even the United States couldn't get its way. In this documentary we look at what this Pacific island nation actually lives on, who sets the price of everything it sells, and why the money it does have is so hard to touch. VoidBorn makes documentaries about the world's smallest countries — how they survive, what they trade, and who really holds the power. If there's a microstate you want us to cover next, tell us in the comments. Chapters 0:00 A country with no money of its own 1:18 The rock by the door 4:19 Someone else's fish 8:01 One ship for everything 12:23 A pit for one family 15:28 The court comes to the island 19:56 Selling a day 21:53 What geography explains #Kiribati #PacificIslands #Economics