[freedommom]

I’m sure this wont be on any news program.

[from occupied ga]

Considering the entire population of Iceland is about 325,000 and they mostly live in a single city and suburbs with the rest scattered around an island the size of Kentucky, I’m not surprised that people don’t know what goes on there.

[opentalk]

Iceland will end up with a higher standard of living than the nations that try and work to pay-down a corrupt run up of debt from an elite ruling class.

[rusty schucklefurd]

I found the article confusing and I’m trying to figure out if it’s good or bad news. It sounds like they have established a pure democracy. It says the U.S. gave them millions of dollars and it also sounds like Iceland completely defaulted on all their debts.

The sequence of the story seems to be that they threw out at least three different administrations: liberal, conservative, liberal - now democracy?

Arrested some bankers who did what?

[rusty schucklefurd]

I found the article confusing and I’m trying to figure out if it’s good or bad news. It sounds like they have established a pure democracy. It says the U.S. gave them millions of dollars and it also sounds like Iceland completely defaulted on all their debts.

The sequence of the story seems to be that they threw out at least three different administrations: liberal, conservative, liberal - now democracy?

Arrested some bankers who did what?

[yoe]

If just half of our Nation, and the “1%”, who pay the majority of the taxes, just said NO MORE!

Walk me through that please....who are we saying NO to? Congress?

[Mamzelle]

Iceland is an interesting case because it really didn't get bailouts from the EU--England insisted on them paying back a loan like a balloon payment.

It's a small country population-wise, with a homgenous culture. They are atheistic like all Euro countries but they have a strong Lutheran tradition. They have lots of natural resources and a lot of potential (they're even trying to grown coffee in geo-thermal powered greenhouses! Sounds silly, but the power is free, and they have sun 24 hours like Alaska...anyway, I'm curious to see how all that works out.)

In short, Iceland was allowed to fail early in the game. If we'd been allowed to fail, rather than endure all this refinancing and debasement of the currency...we'd be in good shape by now.

[SW6906]

This story was on Drudge this morning. I saw it and figured I would look at it at lunch. Now it is completely gone from Drudge - including his archives. A search doesn’t reveal it. I only found it here. Interesting.....

[SeminoleCounty]

Wow...someone finally told the bankers “welcome to the free market...we ain’t bailing you out”

Iceland did what every nation should be doing....telling the banks that part of the business of banking is taking risk.

Iceland is a prime example of how to get rid of failed Globalism. Absolutely insane to continue economic policies that do not work