• Home
  • Global Revolution!
  • Stickers
  • Store
  • mission
  • New Resistance
  • Green Star?
  • Security

The Green Star

New Resistance News

Feeds:
Posts
Comments
« Julius Evola: The Metaphysics of War (Arktos)
False Flag »

The Icelandic financial crash explained in in 6 minutes!

January 14, 2012 by Dan Canuckistan

In the early 21st century, Iceland experienced one of the most spectacular cycles of boom and bust in history.

For centuries, Iceland was a simple fishing society, largely shut off from mainland Europe. The people survived off the sheep in the meadows and the fish in the sea. For cultural sustenance they had elaborate sagas — intricate tales of fairies and goblins, heroes and ghosts — that would inspire J.R.R. Tolkien and other fantasy writers.

At the peak of Iceland’s boom, Stefan Alfsson left his fishing boat and started trading commodities for an investment bank. “We could do more,” he said. “I got a bigger house, bigger and more cars, better snowmobiles.”

Then a modern saga began to unfold — that of a nation of fishermen who became millionaires, only to lose it all and return to the seas.

Advertisements

Share this:

  • Facebook
  • Twitter
  • Tumblr
  • Google
  • Reddit

Like this:

Like Loading...

Related

Posted in capitalism, Europe |

  • GS Posts

    January 2012
    M T W T F S S
    « Dec   Feb »
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  
  • Archives

    • Dan Canuckistan
    • AnonAF
    • greenstarnews
  • Join 104 other followers

  • Meta

    • Register
    • Log in
    • Entries RSS
    • Comments RSS
    • WordPress.com
  • Blog Stats

    • 196,965 hits
  • Advertisements

Create a free website or blog at WordPress.com.

WPThemes.


Cancel
%d bloggers like this: