Iceland on Brink of Bankruptcy

Wed, 10/08/2008 - 3:44pm | posted by Liberty Belle

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.

 

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  • Tagged: Bankruptcy Banks Debt Europe European Union Iceland Leverage Russia United States
 

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