United Liberty
Iceland
Icelanders Storm Central Bank
Tue, 12/02/2008 - 11:37am | posted by Austin Wilkes
Anti-government and bank rage reached a boiling point Monday in the small island nation of Iceland, where residents have seen unemployment and inflation skyrocket following the fall collapse of the Icelandic banking system. Iceland, a nation recently prided as a great example of the “Scandanavian Model” of a prosperous welfare system, has in a matter of months been transformed into the least politically and ecnomically stable nation in Europe. The International Herald Tribune reports below-
Iceland on Brink of Bankruptcy
Wed, 10/08/2008 - 4:44pm | posted by Shana Kluck
This is just one more example we are in the midst of the most significant crisis in a generation. How this plays out nobody knows for sure. The only thing we can safely guess is that there will probably be more centralization around the world with nations and central banks escalating attempts to “fix” the economy through non-market forces.
