"I don't trust the government, I don't trust the banks, I don't trust the political parties, and I don't trust the IMF. We had a good country here and they've ruined it."Who would have thought this would happen in Iceland of all places?
Who thinks it would be impossible for it to happen here?
[Via KABA Drudge link via Avg Joe]
I'd bet IMF & World Bank will put such onerous terms on Iceland that this little island will never see the light of economic liberty but will enjoy the benefits of serfdom going forward.
ReplyDeleteIt's not that it can't happen here, David. It's that we're far from that point.
ReplyDeleteIceland is in desperate trouble. It's a tiny country that has misspent for a long time. As of this month, the krona has lost more than 1/2 its value against the Euro and more than 90 percent of its value on the open market. It's three largest banks collapsed, and the UK has imposed its anti-terrorism law against one of those banks, that will allow it to freeze Icelandic assets and confiscate them, if need be. One-third of the population has already stated they consider emigrating elsewhere.
They're getting aid from the IMF, but at this point, I think it may be too late.
We're not to that point yet. It will take a lot more for this nation to collapse like this.
Nicki, ain't no way this economy isn't going to crash. After that its going to be anyone's call.
ReplyDeleteI do not believe our economy will crash. What will happen is it will swerve toward disaster until at the last moment, ownership of assets will shift and suddenly there will be a cure.
ReplyDeleteI'm moving to Texas.
ReplyDeletewv: "commisms"
Joe, it will take quite a bit for our economy to crash, regardless of what the panic mongers in Washington tell you in order to get your nod to use your tax dollars to bail out even more undeserving companies.
ReplyDeleteThat Drudge Report article made Lou Dobbs today...
ReplyDeleteif only that statement had come from an American we might be able to miss the iceberg in this "unsinkable ship" we're on.
ReplyDeleteNicki, its not DC I'm in tune to it the understanding of the international bankers. DC is the side show.
ReplyDeleteArrow, bro... the come back will be a new currency and the terms are a new world constitution for the UN to enforce. Rejecting it: Our economy will go back to basic hometown and from that it will be rebuilt.
Sorry folks, but I'm too educated in this department and can see what the illuminati is doing.
We are at the point of slavery in chains or freedom. The economy is living with the tech toys to enslave you.
I didn't even intimate we would find the cure acceptable, did I? Hence the statement about "shifting of assets", perhaps I should have been more specific and said the "shifting of ownership of assets".
ReplyDelete