Politics the Armpit of Society money buys anything

Iceland Where Accountability Exists

Iceland map

Iceland took it to the bankers instead of the other way around. Accountability became a reality when CEO’s ended up in jail instead of getting  bailed out like in the US. One doesn’t hear this story without digging, wonder why?  Of course we know why.

In response to the failed banking system, in October 2008, Iceland’s revolution against this financial tyranny began, rather casually in the street, in front of the Icelandic general assembly.

In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place. By March 2010, Iceland’s people voted to deny payment of the 3,500 million Euro debt created by the bankers, and about 200 high-level executives and bankers responsible for the economic crisis in the country were either arrested or were facing criminal charges.

In February 2011, a new constitutional assembly settled in to rewrite the tiny nation’s constitution, which aimed to avoid entrapment by debt-based currency foreign loans. In 2012, Iceland’s economy is expected to outgrow the Euro and the average for the developed world, as estimated by the Paris-based Organization for Economic Cooperation and Development.

Read the complete article in the Waking Times  link below


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This entry was posted on April 15, 2015 by in Politics.
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