What happened to Iceland?

Iceland let their banks default.  Every other country on both sides of the Atlantic bailed their banks out.  The people are on the hook for trillions of dollars on both sides of the Atlantic and their economies are still in the dumps. Iceland on the other hand is on the way to recovery and the tax payers do not owe anything.  This makes perfect sense from the Austrian perspective.  Markets need to clear out and reach a bottom before a recovery can happen.  Massive bailouts prevent this.  Bailouts “keep the boom going”.  Not only have the bailouts in the U.S. and Europe not helped the man in the street, they have guaranteed a much larger crash in the future.  The U.S. and Europe are still kicking the can down the road while Iceland is on its way to recovery.

During the next financial crisis, Americans need to look toward Iceland and take note of what they did. In the interview posted below, the Prime-minister of Iceland explains why he did not bailout the banks and instead left it up to the people in a popular vote.  This is the exact opposite of what American politicians did in 2008.  When American politicians were receiving phone calls that were 10 to 1 against bailing out the banks, the American congressman sided with the big Wall Street banks instead.  It turns out that Icelandic politicians have backbones and will stand up against the financial interests in their country in order to protect the people.  American politicians instead stand up for the corrupt government/Wall Street alliance at the great expense of the American people.

Here is the interview.  The relevant info starts at about 9 minutes.

 

439 thoughts on “What happened to Iceland?

  1. I really love your site.. Excellent colors & theme.
    Did you make this site yourself? Please reply back
    as I?m trying to create my own personal site and want to learn where you got
    this from or exactly what the theme is named.
    Appreciate it!

    my web site … returngain.com

  2. It’s in point of fact a nice and useful piece of information. I’m satisfied that you simply shared this helpful
    info with us. Please keep us up to date like this. Thanks for sharing.

  3. Fantastic beat ! I wish to apprentice whilst you amend your
    website, how can i subscribe for a blog site? The account
    aided me a applicable deal. I had been a little bit acquainted of this your broadcast
    provided brilliant transparent concept

    Also visit my blog Boltz Pro Charger

  4. Hi, I do think this is a great blog. I stumbledupon it 😉 I am going to revisit yet again since i have book marked it.
    Money and freedom is the best way to change, may you be
    rich and continue to guide others.

  5. I wanted to check up and let you know how much I liked discovering your web site today.
    I would consider it a honor to operate at my office and be able to make use of the tips discussed on your web
    page and also be involved in visitors’ Burst Audio Earbuds Reviews like
    this. Should a position involving guest publisher become offered at your end, i highly recommend you let me know.

  6. Undeniably believe that which you said. Your
    favorite reason seemed to be on the web the simplest thing to be aware of.
    I say to you, I definitely get annoyed while people think about worries that
    they plainly do not know about. You managed to hit the nail upon the
    top and also defined out the whole thing without having side-effects , people can take a signal.
    Will likely be back to get more. Thanks

    Here is my blog post: Slim Fast Keto Max Pills

  7. Howdy! I could have sworn I’ve been to this blog before but after checking through
    some of the post I realized it’s new to me. Nonetheless, I’m
    definitely happy I found it and I’ll be book-marking and checking back often!

  8. Hello there, just became alert to your blog through Google,
    and found that it’s really informative. I am going to watch out for brussels.
    I will appreciate if you continue this in future.

    Lots of people will be benefited from your writing.
    Cheers!

  9. I just now wanted to thank you yet again for the amazing site you have made here.

    Its full of useful tips for those who are genuinely interested in this specific subject, in particular
    this very post. Your all amazingly sweet as well
    as thoughtful of others plus reading your site posts
    is a wonderful delight to me. And thats a generous treat!
    Mary and I will have pleasure making use of your recommendations in what we must
    do in the near future. Our listing is a kilometer long and tips will be put
    to very good use.

    Also visit my web page … MosqiStop Band

  10. Hi there, I discovered your web site by means of Google whilst
    searching for a comparable matter, your web site got here
    up, it appears to be like great. I have bookmarked it in my google bookmarks.[X-N-E-W-L-I-N-S-P-I-N-X]Hi there, just was aware of
    your blog through Google, and found that it’s
    truly informative. I’m going to be careful for brussels.

    I will appreciate if you happen to proceed this in future.
    Numerous folks shall be benefited from your writing.
    Cheers!

    Feel free to surf to my website :: ViagRx

  11. Hi! A person during my Fb group discussed this website around so i stumbled on give the idea any search. I’m certainly enjoying the details. I’m book-marking and will also be tweeting this specific in order to my enthusiasts! Amazing blog in addition to wonderful styling.

  12. The next time I read a blog, I hope that it doesn’t disappoint me just as much as this
    one. I mean, Yes, it was my choice to read, nonetheless I actually believed you’d have something useful to say.
    All I hear is a bunch of whining about something
    you can fix if you were not too busy searching for attention.

    Also visit my web blog Pellamore Moisture Therapy

  13. I beloved up to you will receive carried out proper here.
    The comic strip is attractive, your authored material stylish.
    nonetheless, you command get got an impatience
    over that you want be delivering the following.

    ill without a doubt come further earlier once more since precisely the same just
    about very incessantly inside case you shield this increase.

    Here is my blog post; utrish.com.ru

  14. PDF Read Aloud, pdf to speech Vietnamese, Brazilian Portuguese,Moldavian,Arabic,Estonian,Swedish,Czech,Ukrainian,Spanish,Thai,Finnish,Greek,Hindi,Slovak,French,Norwegian,Japanese,Armenian,Latvian,Romanian,Chinese,French Canadian,Bangla India,Turkish,Indonesian,Serbian,Polish,Portuguese,Sinhala,Dutch,Macedonian,Bangla Bangladesh,Danish,Australian,Filipino,Deutsch,Bosnian,Tamil,Vietnamese,Korean,Hungarian,Latin,Italian,Russia ntext to speech Ukrainian, pdf to mp3 online.

  15. PDF Read Aloud, text to speech Romanian, Brazilian Portuguese,Moldavian,Arabic,Estonian,Swedish,Czech,Ukrainian,Spanish,Thai,Finnish,Greek,Hindi,Slovak,French,Norwegian,Japanese,Armenian,Latvian,Romanian,Chinese,French Canadian,Bangla India,Turkish,Indonesian,Serbian,Polish,Portuguese,Sinhala,Dutch,Macedonian,Bangla Bangladesh,Danish,Australian,Filipino,Deutsch,Bosnian,Tamil,Vietnamese,Korean,Hungarian,Latin,Italian,Russia ntext to speech Ukrainian, pdf to mp3 online.

  16. PDF Read Aloud, text to speech Thai, Brazilian Portuguese,Moldavian,Arabic,Estonian,Swedish,Czech,Ukrainian,Spanish,Thai,Finnish,Greek,Hindi,Slovak,French,Norwegian,Japanese,Armenian,Latvian,Romanian,Chinese,French Canadian,Bangla India,Turkish,Indonesian,Serbian,Polish,Portuguese,Sinhala,Dutch,Macedonian,Bangla Bangladesh,Danish,Australian,Filipino,Deutsch,Bosnian,Tamil,Vietnamese,Korean,Hungarian,Latin,Italian,Russia ntext to speech Ukrainian, pdf to mp3 online.

  17. Nuestro servicio técnico de lavadoras Bosch, están disponibles de lunes a viernes de 9 a 20h y sábado de 9 a 2h en la reparación de electrodomésticos. Nosostros somos servicio técnico de lavadoras Bosch, estamos listos para la reparación de sus electrodomésticos en Don Benito y alrededores el mismo día de la solicitud. La reparación de electrodomésticos en Don Benito se realizara en el domicilio del solicitante del servicio, realizando previamente un presupuesto de la reparación. Nuestras reparaciones en Don Benito están garantizadas por escrito en los materiales empleados como en la mano de obra.

  18. Se me estropea la lavadora que compre hace 10 años y llamo al servicio técnico oficial de la marca para repararla. Ante mi sorpresa, me ofrecen un seguro por un año con un coste de 15,99 euros al mes (1,88 euros/año) que me incluía la reparación inicial. Acepto la propuesta y me envían el técnico en 24 h. El técnico decide que hay que cambiar el motor completo de la lavadora y llama a la aseguradora en ese momento, para que autoricen la reparación. Me temía lo peor ya que el coste de la reparación era de más de 200 euros (incluyendo desplazamiento, mano de obra y piezas). Resumen: lavadora reparada en 24 horas sin abonar nada al técnico, todo con una sola llamada al servicio técnico de Bosch.

  19. Dejando a un lado estas consideraciones, la mayoría de los Servicios Técnicos declarados como no Oficiales son auténticos chapuzas , en el mejor de los casos, unos piratas, y eso precisamente es lo que hace pensar a la mayoría de las personas que los que no somos piratas, pero tampoco servicios técnicos oficiales estemos bajo sospecha y, claro está, nadie nos cree digamos lo que digamos y contemos lo que contemos.

  20. Por medio del método de arranque de la viruta se corta arranca por medio de una herramienta especializada en forma de viruta todo el sobrante de la pieza. Esta sección fue creada para poder dar mejor servicio e nuestros clientes en las piezas que requieran soldadura, y ofrecer un servicio integral de mecanizado.

Leave a Reply

Your email address will not be published. Required fields are marked *