The Icelandic Success Story - By Aziz (10/12/12) PDF Print E-mail
Aziz   
Monday, 10 December 2012 13:42

Financial War Reports

The Prime Minister of Iceland explains:

“We bail out the people and and imprisoned the banksters – just the opposite of what America and the rest of Europe did.”

Iceland went after the people who caused the crisis — the bankers who created and sold the junk products — and tried to shield the general population.

But what Iceland did is not just emotionally satisfying. Iceland is recovering, while the rest of the Western world — which bailed out the bankers and left the general population to pay for the bankers’ excess — is not.

Bloomberg reports:

Few countries blew up more spectacularly than Iceland in the 2008 financial crisis. The local stock market plunged 90 percent; unemployment rose ninefold; inflation shot to more than 18 percent; the country’s biggest banks all failed.

This was no post-Lehman Brothers recession: It was a depression.



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Is A Global Gold Supply Crunch Forming? - By Jeff Clark (7/12/12) PDF Print E-mail
Jeff Clark   
Friday, 07 December 2012 10:47

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The Coming Derivatives Panic That Will Destroy Global Financial Markets - By theeconomiccollapseblog.com (7/12/12) PDF Print E-mail
theeconomiccollapseblog.com   
Friday, 07 December 2012 10:45

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George Osborne's Smoke And Mirrors Economic Austerity Cuts, Deficit And Debt - By Nadeem Walayat (7/12/12) PDF Print E-mail
Nadeem Walayat   
Friday, 07 December 2012 10:42

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Bank Of England Cancels Britain's Debt, Coalition Government Budget Deficit Crisis Is Pure Propaganda - By Nadeem Walayat (6/12/12) PDF Print E-mail
Nadeem Walayat   
Thursday, 06 December 2012 09:56

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