Postcards From Paraguay Lyrics

Lyric discussion by uffy 

Cover art for Postcards From Paraguay lyrics by Mark Knopfler

I like the cheery, sunshine-filled tune, in obvious contrast with the lyrics.

A lot of MK's songs are based on reality, but this one seems too vague to pin down to any event or person. Might it be something to do with Enron?

Unlikely to be Kenneth Lay and Enron, seeing as how his death (or faked death and exile to Paraguay) was in 2006 and this album was released in 2004.