The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: maceng2 who wrote (49747)	1/27/2013 12:55:43 PM
From: ggersh	Read Replies (1) of 71408

My wife and daughter have seen "Titanic" multiple times and it still has the same ending..... Maybe our leaders will understand that, Iceland appears to have figured it out... How Iceland Overthrew The Banks: The Only 3 Minutes Of Any Worth From DavosSubmitted by Tyler Durden on 01/26/2013 - 21:00 "Why do we consider banks to be like holy churches?" is the rhetorical question that Iceland's President Olafur Ragnar Grimson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos. Amid a week of back-slapping and self-congratulatory party-outdoing, as John Aziz notes, the Icelandic President explains why his nation is growing strongly, why unemployment is negligible, and how they moved from the world's poster-child for banking crisis 5 years ago to a thriving nation once again. Simply put, he says, "we didn't follow the prevailing orthodoxies of the last 30 years in the Western world." There are lessons here for everyone - as Grimson explains the process of creative destruction that remains much needed in Western economies - though we suspect his holographic pass for next year's Swiss fun will be reneged...

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