Home » How Iceland's Bankers Plunged Their Country Into Financial Chaos financial crisis 2008 explained

How Iceland's Bankers Plunged Their Country Into Financial Chaos financial crisis 2008 explained



Hook, Line and Sunk (2009): Have the lessons of Iceland’s financial collapse been learnt?

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Dubbed the ‘New Vikings’, Iceland’s bankers had taken the world by storm. But a year ago their banks collapsed overnight, leaving the country to face economic chaos.

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Like thousands of once-prosperous Icelanders, Gunnar is concerned about his future: ??”I’??m going to lose my flat. I??’m going to get bankrupt. All because of the way things were handled here.??” Turning a blind eye, the government let banks grow ten times the size of the country’??s GDP. Very little profits were made from actual banking. “Banks only grew by spending other people??’s money, especially that of the British. ??It’??s one of the greatest Ponzi schemes in history,” says this independent MP. Now Britain wants it all back, leaving Icelanders with a huge debt. With the financial world keen to move on, economists warn of the business-as-usual mentality: ??”If we don’t make some quite serious structural changes we are just setting the conditions for a repeat crisis.??”

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How Iceland's Bankers Plunged Their Country Into Financial Chaos

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How Iceland's Bankers Plunged Their Country Into Financial Chaos
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27 thoughts on “How Iceland's Bankers Plunged Their Country Into Financial Chaos financial crisis 2008 explained”

  1. Sure they do, just ignore the politicians and keep your country. That easy, dont be taken for a ride. Ignore what the msm says

  2. CCNOW a e commerce payment gateway, a islandic company ripped me of 40000 USD by its owners Bjorn Snorrison Of Dalvic city , never thought a payment gateway could do it, its a shock , person getting 5% of sale from a website could rob ypou of all your money ? he has disgraced e commerce
    business with his attitude, he should come clean and let his clients know the exact situation , instead of hiding . Icelanders are nordic tribe , warriors but he has brought shame to the country and his people and his heritage of Snorri Snorrson his father,Any law firm in iceland can get me the ammount , please contact me?

  3. Congrats to the Icelanders for booting the Banksters in the ass. Now in 2018, I read where there is another Jew digging in, opening Jewish Enrichment Centers and most likely has plans to grow the Jewish Community to take over Iceland, once again. Banksters need to be executed where ever they try to destroy and control foreign nations when uninvited. Citizens of Iceland should outlaw any foreign meddling in their policies and laws that promote Cultural Diversity by outside influenced Jewish or Muslim Agendas.

  4. Why can't they learn from other great success stories like in Europe. The answer to the problem is some of that "diversity" to culturally enrich their society and economy. Clearly Germany and Sweden are doing wonderfully. Just follow their example lol jk.

  5. Playing on greed to feed ones on greed… is a Poncy Scheme's "main blood line!" Sad :(.
    "How the banks took over Iceland," IS how the banks are taking over the WORLD backing government and military… slavery never dies… with the illusion of "choice!"
    WELL SAID on the end (keep it simple) and GREAT video :)! (GOOD LUCK and BEST WISHES to ALL… Viva De ICELAND :)!

  6. Have Icelanders learned anything? I'll wager that within the decade they'll be voting into government these same greasy conservatives that were in power in 2006 and either aided and abetted the fraud, or simply looked the other way while it happened.

  7. Post script: And their "representatives" were run out of town. And their bankers who caused so much damage were jailed. It's not just the economy, stupid.

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