by David Icke
01 September 2011
from DavidIcke Website
All this has happened and hundreds of millions of lives have been severely affected because of the claim that there was ‘no alternative’ to bailing out the banks that had caused the problem.
But the people of Iceland have shown that this is nonsense.
You would have heard a great deal about
Iceland in 2008 when its banking system suffered a monumental and
extraordinary collapse. It was, relative to the size of the
Icelandic economy, the biggest banking crash in economic history.
Don’t mention Iceland - Shhhhhh! There
is nothing more dangerous to ‘no alternative’ than another
alternative that works… the threat of a good example.
the result of the Icelandic people refusing to
take the hit for the mess the banks had created.
Why should those who didn’t own the banks repay the losses of private owners and investors in those banks?
That was the stance of the Icelandic
people and they were not budging.
What happens when you do bailout private
banks with public debt...