I believe that from now on countries defaulting in their debts will be the new talk of the town. I would like to post some of my observations here in this thread.
I have a theory about The Icelandic situation.
Lets see how things will turn out
They let a small country default its debt. What Iceland owns or the wealth they can produce is pocket change for the big boys anyways
People will praise it. "yeah...brave Icelanders!!!!!!"
They plunge the country in such a terrible crisis to the point where the whole nation have to beg on the streets.
The whole world's media news, send their cameras to Iceland. " See what happens when people rules!!!!"
VOILA !!!! Joe six pack will think twice before questioning the " experts ".
I have a theory about The Icelandic situation.
Lets see how things will turn out
They let a small country default its debt. What Iceland owns or the wealth they can produce is pocket change for the big boys anyways
People will praise it. "yeah...brave Icelanders!!!!!!"
They plunge the country in such a terrible crisis to the point where the whole nation have to beg on the streets.
The whole world's media news, send their cameras to Iceland. " See what happens when people rules!!!!"
VOILA !!!! Joe six pack will think twice before questioning the " experts ".