Right now Argentina is in danger of a calamity, the likes of which the world hasn't seen since 2001, and it's all because of one hedge fund manager's tried and true strategy to make money off of distressed debt. That's right, bringing a country to its knees is a "strategy." According to a U.S. court's ruling, if Argentina does not pay a group of hedge fund managers over $1.3 billion worth of bonds by July 30, the Republic could go into default. If it goes into default — investors lose faith its capacity to pay, interest rates on its bonds surge, and the country is forced to print money to pay creditors — its ... (full story)