Tag Archives: Iceland

  • Insider

    Good News: Covid is Over

    Bad News: The Same Bad Actors Are Still In Charge
    by Chris Martenson

    Tuesday, January 4, 2022, 8:08 PM

    187

    This is a continuation of Part 1 – More Harmful Than Helpful, Three Ways Government Agencies Are Harming Your Health – Click Here to Read Part 1.   It’s completely obvious at this point that omicron came from a lab. So did SARS2 and probably SARS (classic – 2002) and MERS. In fact, the history says that there…

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  • Insider
    © Indos82 | Dreamstime.com

    Iceland – The Model the Bankers Would Like to Forget

    The one successful victor over the banks
    by Chris Martenson

    Friday, June 28, 2013, 6:27 AM

    9

    As the 2008 banking crisis unfolded, a lot of secret decisions were made that essentially boiled down to this: The bankers did not want to absorb the losses that resulted from their decisions.  The name of the game was who is going to eat the losses? And the early target, as always, was taxpayers.

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  • Daily Digest
    tjuel on flickr

    Daily Digest 6/17 – “American Dream” Now A Myth, Greeks Hoard Cash & Food

    by DailyDigest

    Sunday, June 17, 2012, 2:44 PM

    6
    • The "American Dream" Is Now A Myth
    • The Two Worlds of 2012: Will We Have “Inflation” or “Deflation”?
    • Iceland Court Sentences Ex-Byr Savings Executives To Jail
    • Full Text: George Soros on Reflexivity and a Potential Eurozone Breakup
    • The Genius of Mutual Indebtedness
    • Greeks Withdraw Cash, Stock Up on Food
    • Bill Black: Abacus Fraud Prosecution is not a Test Case
    • 30.3%
    • Feeling Peaky
    • U.K.’s Trash Becomes Biofuel Treasure

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  • Blog

    Daily Digest 2/3 – Analyst Warns of 2015 Bank Crisis, Beware Pyramid Schemes, World Food Prices at Record High

    by DailyDigest

    Thursday, February 3, 2011, 4:00 PM

    0
    • Iceland Shows Ireland Did ‘Wrong Things’ Saving Banks
    • Analyst Warns of 2015 Bank Crisis Amid ‘Upbeat’ Davos
    • Investor Beware – Pyramid Schemes
    • Real Estate Down
    • Interest On National Debt: ‘Skyrocketing’ Costs Ahead
    • ‪A Thriving Stock Market‬ (Video)
    • World Food Prices Hit Record High

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  • Blog

    Daily Digest 12/20 – Iceland Offers Economic Lessons for Ireland, Retail Hit by Show Chaos, Gas Prices Quadruple in Iran

    by DailyDigest

    Monday, December 20, 2010, 4:00 PM

    0
    • Seoul Unveils Levy on Banks’ Foreign Debt
    • Iceland Offers Economic Lessons For Ireland
    • Shops Hit By Snow Chaos And Panic Buying
    • Success of Appliance Rebate Program Raises Questions about Environment, Economy
    • Emergency Unemployment Benefits Reauthorized
    • Cuts in Subsidies Quadruple Gas Prices in Iran
    • Will Shale Gas Turn Out To Be An Energy Sink?

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Jealous of Iceland

    by Chris Martenson

    Monday, September 27, 2010, 2:16 PM

    0

    Yes, I am jealous of Iceland.  You see, they are facing their reality, and, while unpleasant, at least they are getting on with the necessary adjustments.  

    Iceland, a tiny island nation with 315k souls, managed to rack up a stunning $100 billion in banking liabilities (half of which was external) that dwarfed its gross domestic product of approximately $14 billion. Well, not everyone in the country caused it; it turns out that about 50 people were involved in racking up those debts while everybody else was looking the other way.

    The defining characteristic of something that is unsustainable is that it will someday stop.  Without being an economic genius or delving too deeply into brain-splitting economic minutiae, we can readily appreciate how such a debt load proved to be unsustainable.  One cannot forever increase one’s debts relative to one’s income, which seems to be intuitively obvious to everyone except bankers and conventional economists.  So the music stopped playing one fine day in late September of 2008, and the dream was over even more suddenly than it began.

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  • Blog

    Public Talk at the University of Iceland

    by Chris Martenson

    Sunday, September 12, 2010, 4:43 PM

    0

    I’m updating from Reykjavik, Iceland, where I will soon have the pleasure of participating in a conference on sustainability.

    The conference is a private event, but fortunately I can now share that I will be offering a separate Crash Course presentation and discussion at the University of Iceland, which is open to the public.  This is a recent development, and I am awaiting further details on location, but for now I know that the event will take place on Tuesday, September 14 at 5:00PM somewhere on the University of Iceland campus.  If you live or will be near Reykjavik that day and would like to join us, please check back to this blog post or to the event announcement page for location details before you head to the talk.  You can email Megan Walsh if you have questions about the event.

    I’m grateful to have the opportunity to meet readers from Iceland and hope many of you can find your way to the talk on Tuesday.  More to come soon.  See you then.

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  • Blog

    Daily Digest – July 29

    by Davos

    Wednesday, July 29, 2009, 2:54 PM

    0
    • Two Beers With Steve Podcast: Dr. Chris Martenson, Inflation/Deflation
    • Jeremy Grantham’s Newsletter Refers to Chris Martenson’s Crash Course (H/T Laviera, PDF)
    • Jim Rogers on TV Investment Advice (Video)
    • Iceland Proves That in a Financial Crisis, Breaking Glass and Trashing a Currency is a Good Remedy
    • 5 Stages to Homelessness (Video)
    • Smelt or 80,000 jobs? Smelt or Food? (H/T Lucky & HuckleJohn, Video)
    • Population and Water Rationing (CKessel)
    • Max Kieser (H/T Patrick Brown, Videos, Second Video 1:02 minute mark, 6-9 month bank crisis)
    • China Talks: Treasurer Geithner Pledges Smaller Deficit
    • 5 Firms Hold 80% of Derivative Risk
    • 10 Members Send Letter to Fed on Goldman Sachs Gambling with Bailout Money
    • Chimerica (Video)
    • Real Estate Quote of the Day

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  • Blog

    Daily Digest – March 14

    by Davos

    Saturday, March 14, 2009, 4:01 PM

    0
    • Talkback: I’m Nominating Chris, I hope you do too
    • Cramer Jon Stewart Face-off
    • Obama: Economic crisis ‘not as bad as we think’
    • Treasuries Drop as Stocks Gain, China Asks for Debt Assurance
    • Wen Voices Concern Over China’s U.S. Treasurys (H/T Turbo)
    • China "worried" about US Treasury holdings
    • Berkshire Loses Top Rating on Investments, Buffett Role
    • Companies at the Greatest Risk for Default
    • Illinois Income Tax May Jump 50 Percent (H/T Turbo)
    • Perry rejects $555 million in federal stimulus money
    • Geithner Seen As A Mistake, Steve Rattner The Fallback Plan

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  • Blog

    From the outside in – New podcast for subscribers

    by Chris Martenson

    Tuesday, February 17, 2009, 9:00 PM

    0

    We are thrilled to announce the release of the latest podcast. With new technology and new technical assistance in place, we are now (finally) in a position to deliver content more frequently.

    There’s a new podcast for subscribers available. In it we cover a few of our reflections from Rowe and, of course, subscriber questions. The main body of the podcast is titled “From the outside in” and talks about how by observing the collapse in trade and economic activity in non-western countries we can reasonably deduce that the bottom is not in and that there’s much more downside left to go. I also reveal my assessment of the stock market and where it’s headed.

    Becca and Chris tag team on this one from sunny Montague MA.

    From the outside in

    (more)

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