Spain bailout protesters: “We want to be Icelanders!”

Spain protest. juanlusanchez, yfrog

The protests are spreading to Italy too. Good. May the protests spread to the entire Eurozone and bring down the corrupt edifice called international banking.

When the Iceland banking crisis happened, Iceland choose not to be ground under the boot heel of the banks and be indebted for years to come. Instead, they defaulted on their bonds, let their banks fail, and arrested their bankster CEOs. Their economy is now recovering.

Screw the IMF, World Bank, and ECB. They are predators primarily concerned with saving the bondholders of sovereign debt regardless of the effect this has upon countries.

Iceland has shown the world what to do. Let the insolvent banks fail and arrest the criminals. The world will be a better place afterwards.

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