vanityfair.com — Iceland?s de facto bankruptcy?its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance?resulted from a stunning collective madness.
Mar 4, 2009 View in Crawl 4
j0hnglistMar 5, 2009
Vanity Fair's articles are usually amazing. This is no exception.
akhomesteadMar 5, 2009
There's a lot to the growth problem. The main is our monetary system that the needs growth to survive. Our money is created exclusively by banks in the form of loans, but they never create the interest, so you or somebody else has to go get a loan for you to pay yours back in full. Over time our debt grows and in order to service it we must out grow the debt. This is accomplished by mindf**king people into consumers. Watch “Century of the Self” on google video.
Closed AccountMar 5, 2009
vanityfair.com is a verry good web site thanks nice article
mcd9236Mar 5, 2009
It sounds as though Iceland will be a very nice place to vacation soon. Once some semblance of stability takes hold and people are still craving foreign money, I think I'll visit for a week. Maybe it can cost me as little as $600 US?