Wednesday, February 12, 2014

New Icelandic crypto-currency will be for the people to help grow stagnant economy

The nation of Iceland became a poster child of rebellion against a global banking system that led to the Great Recession of 2008, and is helping the world rush headlong towards a new currency crisis.  But for all their actions in choosing to default on foreign debt and jailing the bankers who helped create the crisis, Iceland’s economy has remained stagnant due to continued capital controls by the Icelandic government, and the world rejecting the Krona in international trade.

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