Keyword: Iceland

Meltdown - Part One: The Men Who Crashed the World

Video In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne. The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929....

Why Iceland Should Be in the News, But Is Not

Picture: may15internationalorganization.blogspot Deena Stryker - An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt.  The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion. As one European country after another fails or risks failing, imperiling the Euro, with...

Was Iceland a Target for Economic Hit Men?

John Perkins, author of "Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded - and What We Need to Do to Remake Them" provides some astonishing insights into events that contributed to Iceland’s economic crash.  Perkins, a self-confessed former economic hit man worked as a high-level consultant for multinational corporations. His job was to create the conditions for them to enter and extract wealth from countries, primarily in the developing...