"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. (From The International Herald Tribune)
The Icelandic system, one built upon even greater leverage than that of America, has come to its current state of despair 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."
Wednesday, December 3, 2008
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