Monday, September 5, 2011

International banks and EU be damned!

Share |
What to hear about a government that has a very sound approach to the financial crisis; which acts in the interests of its people, and not in the interests of international banks. Read this story - you will not hear about it from your local media conglomerate, and you ought to wonder why.
Iceland was in a financial crisis. Initially the ECB negotiated with the new government of Iceland for Icelanders to pay back their nation's debts. The problem of course is that the Icelandic people realised that it was ridiculous for them to be carrying the burdens of the state, and most particularly, the debts of privately-owned banks. So they lobbied the government to change their policy. Iceland has since snubbed the global financial community, and is looking at financing its own activities. Sounds like a good model. I hope Greece and the other 'weak states' of EU follow suit.

Post a Comment

’Global Warming Misconceptions - View the table of contents!

Governments this year have ramped up their global warming propaganda, but in truth, just how certain is global warming. In the process of preparing a consulting report, we undertook some research and were startled by government policy. We will show that the propaganda being financed by government is shamelessly creating hysteria for the sake of political expediency.

Global Warming Misconceptions - Download the table of contents or buy this report at our online store for just $US9.95.