Go Banana!

from wikipedia:

Banana republic is a pejorative term for a small, often Latin American, Caribbean or African country that is politically unstable, dependent on limited agriculture, and ruled by a small, self-elected, wealthy and corrupt clique. In most cases they have kept the government structures that were modeled after the colonial Spanish ruling clique, with a small, largely leisure class on the top and a large, poorly educated and poorly paid working class of peons. The term was coined by O. Henry, an American humorist and short story writer, in reference to Honduras. "Republic" in his time was often a euphemism for a dictatorship, while "banana" implied an easy reliance on basic agriculture and backwardness in the development of modern industrial technology.

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Principality of Sealand

The Principality of Sealand is a micronation located on HM Fort Roughs, a former World War II Maunsell Sea Fort in the North Sea 10 km (six miles) off the coast of Suffolk, England, United Kingdom.

Since 1967, the facility has been occupied by former radio broadcaster and British Army Major Paddy Roy Bates, his associates and family, who claim that it is an independent sovereign state.^[2] External commentators generally classify Sealand as a micronation.^[3][4][5] It has been described as the world's best-known micronation.^[6]

Sealand is not recognized as a sovereign state by any United Nations member, and critics, citing court rulings in the United States and in Germany, have asserted that Roughs Tower has always remained under the jurisdiction of the United Kingdom. (more...)