How to solve the banking issue and restore sanity and jobs.
There are three fundamental differences between what happened in Iceland and the bail-out countries:
1.Iceland simply let the banks fail.
2.Icelanders forced out the politicians who oversaw the financial debacle before they could do the same as 'Cowen' (the Irish leader who sold out to the global institution IMF).
3. The Icelandic version of 'Cowen' is standing trial for what he did.
The Icelandic people refused to back down and to be made responsible for the debts of the banks that were nothing to do with them. 93% of Icelanders voted to reject the idea of the public repaying the debts of private banks. The government had to come into line with the wishes of the population and criminal proceedings were begun against those behind the banking crash.
The outcome is that Iceland's economy is awakening from its nightmare while those countries (all the rest) that bailed out the banks and made the public responsible for private debts are going ever deeper into the mire.
We should look to Iceland for the answer!
"Let me issue and control a Nation's money and I care not who makes its laws".
Amsel (Amschel) Bauer Mayer Rothschild, 1838:
