So Iceland decided not to follow the rest of the world by bailing out the bankers. Instead, they chose to arrest them. Now their economy is recovering faster than the EU and the United States. Hmmmm.
Remember when the United States government told the American people that immediate action was required to save the banks, and save our nation from complete collapse? An action in the form of Billions of dollars of National Debt? Yeah, we remember that! Now Trillions of dollars in National debt later, we are in the same position we were in 4 years ago, just more debt. As a matter of fact Federal Reserve Chairmen Ben Bernanke has called for yet another stimulus that will add more debt onto the mountain we already have.
At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world. Now they are one of the fastest growing economies in the world.
Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?
After watching this video tell us what you think? Was Iceland off their rocker for sending the bankers to jail, or on to something that America should have done as well?
Revolution is the Solution!
‘When governments fear the people, there is liberty. When the people fear the government, there is tyranny. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.’ Thomas Jefferson
“So Iceland decided not to follow the rest of the world by bailing out the bankers. Instead, they chose to arrest them. Now their economy is recovering faster than the EU and the United States. Hmmmm.”
Obviously the most intelligent people on the planet at present.
“Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?”
We’d have to nuke Israel first.
Could never understand why Greece didnt do the same.
America forgiving all debt over value of house .. sounds humane.. Have we forgotten that dollars shouldn’t determine what is morally right?
I completely agree with you there, Esther.
“Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?”
I’d be sitting and having a party with the victims all by the pool or at the beach with a dry martini (shaken, not stirred) while watching my Proud American flag blowing in the wind. Ahh…..what a magical day that would be.
What a concept: make being a crook a criminal and take official action against them. But when your officials are crooks, no wonder they not only have no charges brought up on them, they GET Printed money given to them, as if the Bankers are truly mafia lords, how strange!