With admiration, many have been observing Iceland’s handling of the banking crisis that jolted the entire world in recent years. Now experiencing a unique economic recovery, the Icelandic public became aware in 2008 that the nation’s private banks had borrowed some $120 billion dollars, ten times the size of Iceland’s economy, creating an economic bubble which forced housing prices to double, and saddled the nation’s people with debt.
While other Western nations initiated bank bailouts in 2008, a popular uprising in Iceland led to a peaceful revolution against corrupt government and banks, and has since become the example for the global movement for liberation from central banking and unaccountable government.
In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place. [Source]
The resolve of Iceland’s people to correct the systemic problems in their government and economy was again demonstrated in 2015 when dozens of high-level financial executives were jailed for their involvement in manipulating Iceland’s financial markets after financial deregulation in 2001.
After Iceland suffered a heavy hit in the 2008-2009 financial crisis, which famously resulted in convictions and jail terms for a number of top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,” which includes universal healthcare and education. In fact, Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go. – Claire Bernish
Following the resignation of Iceland’s former prime minister, Sigmundur Davíð Gunnlaugsson, who quit after being implicated in fraud by the release of the Panama Papers in April of 2016, the public has again grown impatient with the political class. While another US presidential election enters the severe mud-slinging phase, this time between a career politician with an alleged lengthy criminal past, and an arrogant celebrity businessman, Reykjavik has just demonstrated that a true political outsider and common person can be elected to the office of president.
Guðni Jóhannesson, a professor of history, has just been elected president of Iceland, ousting the 20-year incumbent, Ólafur Ragnar Grímsson, with 39% of the popular vote. The political newcomer also beat chief opponent, businesswoman Halla Tómasdóttir, meaning that the office of president will not be held by a career politician or businessperson.
READ: When Will America Jail Their Banksters Like Iceland is Doing?
President elect Jóhannesson, a scholastic expert on political history, diplomacy and the Iceland constitution, has never been a member of a political party, is a husband and father, and reportedly chose to run for president after the release of the Panama Papers.
The global struggle for honest money will only heat up in the coming years when the next financial bubble bursts. Sovereign, anti-globalist movements to correct systemic issues will be more common, such as we have just seen with Brexit. Recently, Switzerland also made overtures against the current banking model by seeking a referendum to ban commercial banks from printing money.
Iceland again sets a unique example of leadership for populist movements around the world who are eager for an end to corrupt politics, central reserve-banking tyranny and the takeover of government by corporate interests.
Reserve banking is the policy that guarantees insurmountable debt as the outcome of all financial transactions. [Source]
Read more articles from Alex Pietrowski.
Alex Pietrowski is an artist and writer concerned with preserving good health and the basic freedom to enjoy a healthy lifestyle. He is a staff writer for WakingTimes.com and Offgrid Outpost, a provider of storable food and emergency kits. Alex is an avid student of Yoga and life.
Sources:
https://www.yahoo.com/news/johannesson-leads-icelands-presidential-vote-partial-result-000003789.html?ref=gs
http://www.npr.org/2014/12/11/370156273/iceland-experiments-with-a-jubilee-of-debt-forgiveness
http://www.bbc.com/news/world-europe-36628444
Like Waking Times on Facebook. Follow Waking Times on Twitter.
This article (Iceland Proves You Don’t Need a Politician or Businessman as President) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Alex Pietrowski and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement. Please contact [email protected] for more info.
you also have RODRIGO DUTERTE of the Philippines, we all need leaders that take the words politics and politician out of leadership because it is a dirty word, it gives the impression of underhanded or deceit, for example from the prime minister down to the ministers they have to be first and foremost public servants and not be allowed to be masonic servants, it has got to be one or the other and not both, if they are not serving the public, they should go before a real public tribunal made up from respected members of the public, and now that we got Rid of the EU that was made up of Unelected Eurocrats that are nothing more than parasite’s, and was also created and controlled by the USA, to pass judgement and sanctions on whoever they please, that should have been a NO NO NO from the beginning, they belong on the other side of the Atlantic. but I do think tat a European community is a good Idea but not in it’s present Format, it has to be made up from real people and chosen from those countries by their people, and not hand picked by their governments. and no sanctions passed on to another country Indiscriminately like the USA has been allowed to do,
Iceland all of the zentral fractional (zioinsts scum) banks. They have stolen the wealth of the world.
TAXATION is THEFT.
USURY is Unchristian.
The US political ruling class and their Zio-Terrorist masters must be tried by the people and punished to the full extent of their crimes.
every time i get paid i turn it into gold and silver coins… you can’t trust any banks
Move your bank account to Iceland help save the planet from economic meltdown and dump the centralized banking system as well.
So-Alex;
Your admiration may be well placed.
A good way to check would be to see if the privatization of the heat and power in Iceland-has being rescinded already.AND the Tepco linked scum spawn that got it-have being