Iceland shows eurozone (and the US) how to fight crisis

Satellite image of Iceland by NASA / Wikipedia (1)

Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn.”

“Iceland’s special prosecutor has said it may indict as many as 90 people, while more than 200, including the former chief executives at the three biggest banks, face criminal charges.”

“That compares with the U.S., where no top bank executives have faced criminal prosecution for their roles in the subprime mortgage meltdown.”

Continue reading


Icelandic People: Putting dead Banks into Bankruptcy IS the Way to GO

Ice block at beach near Jökulsárlón, Iceland / Wiki Commons *

“The Icelandic people are getting through the crisis by
not bailing out the banks
but putting them into bankruptcy.”

Continue reading

Gary North: Too many Eurozone Summits

New World Order, by Aherograff / Wiki Commons *

“The New World Order is in big trouble.
The European subdivision is visibly coming apart at the seams.”

“The whole banking structure is at the edge of the abyss.”

“the entire international fractional reserve banking system
is coming apart, and it will take more than press releases to hold it together. Behind the scenes, each government is trying to pass on liability to the other governments.”

Gary North

Continue reading