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NWO in death throes. Iceland Was Right, We Were Wrong: The IMF

By Jeff Nielson 08/15/12

VANCOUVER (Silver Gold Bull) -- For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs.

Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.

Now in what may be the greatest economic "mea culpa" in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Iceland's approach to economic triage was the correct approach right from the beginning.

read more http://www.thestreet.com/story/11665082/1/iceland-was-right-...



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Not bad but goes off the rails with income gap

I know it so easy to say and many people eat that crap up. But I hope most people here realize the imbalance between rich and poor is not what caused the crash. Sure don't bail out the bankster and they will not make record profits in a couple years. That is not really taking away from the rich and giving to the poor is it?

Its more like letting the market work. The socialist dogma is taking from the poor and giving it to the rich bankers in a bail out.

Read this if you want to know about banks in Iceland.

http://mises.org/daily/5109

I LOVE

a good "No Shit Sherlock" moment.

Excellent article.

Nails the solution to unsustainable national debt: stop trying to sustain it. DEFAULT. Trying to keep the bond parasites fat and happy at the expense of the rest of the economy only has one beneficiary: the banksters.

Recommended reading: The Most Dangerous Superstition by Larken Rose

yes...and the parasites have

yes...and the parasites have sucked their hosts dry!

If my need to be RIGHT is greater than my desire for TRUTH, then I will not recognize it when it arrives ~ Libertybelle