once upon a time in shaolin - buy the book now!
Results 1 to 15 of 19

Thread: Icelandís Economy now growing faster than the U.S. and EU

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Ridin' On Trichomes soul controller's Avatar
    Join Date
    Jan 2003
    Location
    Chillin on sesame street puffin a 10th letter
    Age
    39
    Posts
    10,263
    Rep Power
    82

    Default Icelandís Economy now growing faster than the U.S. and EU

    Icelandís Economy now growing faster than the U.S. and EU after arresting corrupt bankers





    Iceland didnít follow the rest of the world by bailing out bankers. Surprisingly, they arrested them instead. Now their economy is recovering faster than the EU and the United States.
    Remember when the United States government told the American people that action was required to save the banks? Action in the form of Billions of dollars of debt. Hard to forget that. Hundreds of Billions of dollars in National debt later were still digging our way out of the hole.
    At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world.
    Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible instead of bailing them out.
    After watching this video tell us what you think? Is Iceland merely being a rebel desperate for revenge against a powerful industry, or on to something that America should have done as well?



    "For all the fearmongering we hear out of our politicians on the right about how heaven forbid we're going to turn into Greece, the one country you never hear them talk about any more is Iceland. The reason they don't is, as Cenk Uygur explained on his show this Tuesday, they took a different path than the United States after their financial crisis and nationalized the banks, threw some the people responsible for the crash in jail and bailed out the homeowners instead of worrying about only bailing out the banks. And now they're coming back and their economy is growing again...".*

    sauce:
    http://americanlivewire.com/world-ec...w-growing-fas/
    Last edited by soul controller; 10-03-2012 at 04:10 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •