Iceland looks at ending boom and bust with radical money plan
Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank
In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money
Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.
The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".
"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.
The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.
According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875,Read on here...
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Soros Will Never Recover..Elon AIR The whole Thing
"Good find Burbia. It can only get worse. Is Soros too big to fail for he has his thumb in every pie…"
"tjdavis Thanks for your support Dude! "
PORCUPINE TREE - BUYING NEW SOUL (HD)
Filmed at the Park West, Chicago, USA, 11-12 Oktober 2005
Meet GibberLink, Conversational AI's secret language
"One agent's audio range has a lower frequency than the other.
Another example of different…"
Meet GibberLink, Conversational AI's secret language
Join Boris Starkov and Anton Pidkuiko, the developers behind GibberLink, for a fireside chat with Luke Harries from ElevenLabs.On February 24, Georgi Gergano...
Interpersonal Insanity
Interpersonal Insanity How do you expect me to read your mind?All those hidden things that I might…See More
"Look at what we have to put up with. Leftist journalism in full swing. Everyone knows who created…"
Why Did We Americans Become so Cynical? At Least Those Who Think
Cynicism is a form of counter intelligence. It materializes when the general public has been…See More
PROJECT BLUE BEAM of NASA (full video link on description)
CLICK HERE FOR FULL VIDEO: https://youtu.be/d8imxCp-Cfc------------------------^^^^^^^^^^^^^^#projectbluebeam #bluebeam
a soon shit
"lol at first I thought this was an acronym or phase meaning an urgent trip to the lavatory but alas…"
Europe will be an Islamic Muslim State
සිංහලෙන් කියවන්න http://sinhalabuddhist.comSlavery, Terrorism and Islam: The Historical Roots and Contemporary Threat.. Adapted from Dr. Peter Hammond's book...
A conversation with Charlotte Iserbyt
“The Deliberate Dumbing Down of America — A Chronological Paper Trail”, will change forever the way you look at your child’s education. Written by whistleblo...
Realizations
Used to think I had something special to bringThat I was seeing what others weren't seeingThe…See More
"I forget some written language reads from right to left. The various calendars used up to now from…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network