yes, Mr President, let the banks fail!

iceland president on banksIceland’s president Mr Grimsson is now officially my favorite president in the world. He is the only president i know who has so far been brave enough to speak the real truth about democracy and banks. Iceland is the only country which instead of bailing out banks, made the banks and bankers pay their price for the mess they made. Unfortunately, Iceland is not getting enough publicity abroad as it is an uncomfortable story for mainstream economists, politicians and austerity fans. So, make an effort and read a bit more here what Iceland did, why it did not follow the steps of other countries and why it is good for its people.

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