What happened on Iceland
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3:11
How Iceland's Economy Collapsedby TuckSchoolofBusiness1,820 views- 2:16
VIVA ICELAND!by VoteThirdParty264 views
- 9:55
To The People Of Iceland - Say NO! To Icesaveby farmanntv11,260 views
- 9:05
Å begrense Statenby FarmannTVNorway486 views
- 3:57
Referendum and protest in ICeland march 6. 2010 ,videoby dorisig2,112 views
- 7:01
Mikkel Dubloug intervjuer Hans Jørgen Lysglimtby FarmannTVNorway244 views
- 8:51
Hans J Lysglimt intervjuer Mikkel Doblougby FarmannTVNorway271 views
- 1:11
Per Gynt Gården, Vinstra, Nord-Fron, Oppland - Gudbrandsdalenby FarmannTVNorway1,701 views
- 9:46
Tea Party - Fort Lauderdale. Florida Jan 9. 2010by farmanntv805 views
- 0:42
Norway x Iceland - Come On Get Higher ♥ ♥by MaiDaiDesu695 views
- 8:48
Arctic Meltdown: The Financial Crisis in Icelandby americua216,090 views
- 7:16
Iceland Economic Crisisby leoncfu2,598 views
- 3:03
ESC 1986: Iceland - Bank of Funby alesta812,521 views
- 2:26
White Supremist Female On London Tram in UK (Typical)by WhiteWomanExposed240,032 views
- 7:18
BSL Level 2: Icelandic foodby bsldan727 views
- 5:55
Iceland Referendium protest marchby salvor467 views
- 5:34
The first great inforwar is engaged - Support Wikileaks / Assangeby farmanntv674 views
- 6:34
Ron Paul 2012!by farmanntv1,694 views
- 3:01
Indiana Jones and the Fate of Atlantis - Iceland - (midi)by ParnHawk148 views
- 23:29
Unique Icelandby icelandair28,813 views
Its easy to say, you should have voted diffently afterwards. But this was more like religion, you could not argue with those who believed. And since there are only 300.000 people, most people are connected to others. This makes it harder to oppose the public view. We were both politically and economically bankrupt. This is not the first time this has happened, the last time we decided to give Norway control over us :-)
olafurj 2 years ago
Iceland did the right thing. America would be wise to do the same.
SCLARK2112 2 years ago
To help refinance the Icelandic banks opened savings accounts with higher interests in UK and Holland. The question is who is responsible for regulating and guaranteeing these savings accounts. The UK and Holland say Icelandic government, taxpayers in Iceland have to pay out insurance for the accounts. The problem is there is no international or EU law that makes a private dept of a private bank a sovereign dept and therefore why do the Icelandic people have to pay this, thats the question?
bleepable 2 years ago
To meet extra demand in ISK Icelandic banks issued bonds to each other. These bonds were then repoed in the Icelandic CB and by doing so the issued amount of bonds is lent back (created) via the CB to the banks in cash. This loophole in CB rules made it possible to create ISK out of thin air by issuing more and more bank bonds and repoing them in the CB. This way about 400 billion ISK were created out of thin air and sold to foreign investors/speculators.
bleepable 2 years ago
Icelandic banks had AAA ratings and borrowed like there were no tomorrow and expanded on foreign credit. All the money they borrowed was used like other international banks use it, lent out again to different companies foreign and domestic. This is how Icelanders were able to buy up everything they wanted, with borrowed money. Then when they had expanded their balance sheets a lot the credit crunch started on international markets and Icelandic banks were not able to refinance.
bleepable 2 years ago
The bubble popped - yes, the easy money fractional reserve system had everyone fooled - right? Based on making money for some as one transaction after another exchanged hands and the people that used the money promised to pay eventually. But things contracted and people could no longer pay and poof!
BGBurch 2 years ago
Good video
Friendorfoeforever 2 years ago