Category: Finance & Economy
Hit by the global banking crisis in 2008, Iceland took a drastically different path from the rest of the Western economies captured by banking interests. Six years later the country stands to show the world what success looks like by doing the right thing.
Austria will enact bail-in rules in July. Bank deposits will no longer be guaranteed.
Ellen Brown outlines how a country abdicates its judicial function to corporate lawyers and its legislative function to multinational corporations under the TPP ISDS.
The possible outcomes to the monetary end game and the subsequent reset range from tolerably painful to devastating hardship and chaos. Part 3 of this series examines one which sits on the hit-me-gently end of possible monetary reset scenarios championed by a most unexpected tiny island nation of Iceland.
A recent report commissioned by the prime minister of Iceland lays bare in laymans’ terms the root causes of the 2008 collapse of the country’s banking system, the same set of core problems which permeate the rest of the monetary and banking systems of the world.
Forget about what you have been taught in economics classes on how money is created. This is how it really works in real life.
After a near death experience of its banking industry during the 2008 global financial meltdown, Iceland looks hard at the root causes of the crisis and contemplates the reset button to its monetary system, a system which shares the same characteristics and ills with the ones used by all major economies.
With the latest central-bank-gone-mad printfest otherwise known as quantitative easing from the European Central Bank, the financial world is firmly in the twilight zone. The extend and pretend strategy is pretty much on its last legs, and the monetary end game is now in sight.
Newfoundland/Canada sued by ExxonMobil under NATFA ISDS for asking for R&D money to be spent locally, and lo
What happened to MF Global clients’ money when it famously ‘vaporized’ in the wake of its $40 billion bankruptcy three years ago? As it turns out, it depends on which country you live in – a first person account and lessons learned.