Thursday, March 15, 2012

The Iceland Financial Renaissance Miracle Continues

Iceland is the most recent example of why a hard default--while extremely painful--is the only solution in solving the developed world's debt problems.  Iceland basically said "screw you" to its Dutch and English creditors (banks).  Greece is the example of what not to do--keep dragging it out until the Greeks choke on their debt.  But hey, we gotta save the bankers, right?

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