To: Mongo2116 who wrote (864641 ) 6/12/2015 2:51:59 AM From: Broken_Clock Respond to O'Banker told the banksters he would bravely stand between them(while they looted trillions) and the 99%. He knows where his future lies.Submitted by Tyler Durden on 06/11/2015 19:00 -0400 Iceland International Monetary Fund Lloyds Market Manipulation RBS recovery Unemployment This year, Iceland will become the first European country that hit crisis in 2008 to beat its pre-crisis peak of economic output. In spite of its total 180-degree treatment of nefarious bankers, the banking system, and the people of its nation when compared to America (or The UK), Iceland has proved that there is a different (better) option that western dogma would suggest. As abhorrent as this prospect is to the mainstream's talking heads and Keynesian Klowns who bloviate wildly on macro-economics and endless counterfactuals, Iceland came to that fork in the road, and took it... As The Independent reports While the UK government nationalised Lloyds and RBS with tax-payers’ money and the US government bought stakes in its key banks, Iceland adopted a different approach. It said it would shore up domestic bank accounts. Everyone else was left to fight over the remaining cash.The plan worked. Iceland took a huge financial hit, just like every other country caught in the crisis.This year the International Monetary Fund declared that Iceland had achieved economic recovery 'without compromising its welfare model' of universal healthcare and education. Iceland chose to accept inflation. "Today is a milestone, a very happy milestone," Iceland’s finance minister Bjarni Benediktsson told the Guardian when he announced the tax."Why should we have a part of our society that is not being policed or without responsibility?" said special prosecutor Olafur Hauksson at the time. "It is dangerous that someone is too big to investigate - it gives a sense there is a safe haven."
