The Story We Aren’t Hearing – Icelanders’ Debt Forgiven

When it comes to the Euro zone economic crisis, the mainstream media is quick to highlight the ongoing protests, especially those in Greece, Spain and Italy where riots and clashes with police make for great headlines. And the only solutions they mention bounced between austerity for the people and bailouts for domestic banks by even bigger international banks.

But there is another alternative, one which the media seems to consistently overlook: bailout the people instead of the banks.

This is what Iceland has done, and the results are stupendous. After a short period of recession, Iceland now boasts economic growth close to 3 percent, where as the rest of the Euro zone is limping forward with under 1 percent gains.

Iceland’s solution to the economic crisis is being hailed as one of the world’s best recovery stories. Yet this victory is mostly ignored, many believe, because those who run the media simply don’t want us to know about it.

They’d rather we think our only options are to take on the debt burdens created by the big banks’ poor choices. They’d rather we just enslave ourselves for generations to global loan sharks like the IMF. They don’t want us to be empowered and free from the shackles of a tyrannical economic system.

But that’s just too bad. The world’s people are awakening. We are rising up. Together we will be redistributing wealth and power by preventing big money’s long-standing predatory practices. We are co-creating a far more just global civilization.

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