Friday, October 30, 2015

The next reform Iceland is making is to give bank profits and proceeds to the people

First it was jailing the bankers who helped create the financial collapse in Iceland, and now their Ministry of Finance is planning on giving the people profits and proceeds from the banks in a new reform policy that could revolutionize the banking system.
Iceland has been the premier model for how the U.S. and Eurozone should have dealt with the banks and individuals who nearly brought down the global financial system seven years ago, and in less than a decade not only has the island nation paid off all its debt obligations to the IMF, but has emerged as the only economy that is growing on production rather than central bank intervention.


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