Icelanders Storm Central Bank

Tue, 12/02/2008



Icelanders have had enough of the government and banks. Rage reached a boiling point Monday in the small island nation of Iceland, where residents have seen unemployment and inflation skyrocket following the fall collapse of the Icelandic banking system. Iceland, a nation recently prided as a great example of the “Scandanavian Model” of a prosperous welfare system, has in a matter of months been transformed into the least politically and economically stable nation in Europe. The International Herald Tribune reports below-



Tiny Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar leaving a country regarded as a model of Scandinavian prosperity in a state of shock.



Luckily, Icelanders seem to be able to identify the perpetrators as the ruling government and the central banking establishment that has grown up around it.



Thousands of Icelanders marked the 90th anniversary of their nation’s sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country’s spectacular economic meltdown.



“The government played roulette and the whole nation has lost,” writer Einar Mar Gudmundsson told a noisy but peaceful anti-government rally of several thousand people in downtown Reykjavik.



The Icelandic system, one built upon even greater leverage than that of America, has come to its current state of despair because of the ruling elite in the blink of an eye. Hopefully citizens of other nations will realize they could be next and pressure their officials to take the necessary precautions to provide for the most swift and orderly decline and ultimate recovery.



The whole Collapse is by design. Understand that there is a hand full of people that control the prices of goods and the banks. It is done to create great chaos, because out of great chaos comes great order.

There is no way in hell that Icelands economy all over the country, from prices soaring, Job loses to banks failing, all happens at the same time unless by design