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View Full Version : Icelanders Storm Their Central Bank


fnulnu
02-12-2008, 12:25 AM
REYKJAVIK, Iceland: Thousands of Icelanders marked the 90th anniversary of their nation's sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country's spectacular economic meltdown.

Tiny Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar — leaving a country regarded as a model of Scandinavian prosperity in a state of shock.

"The government played roulette and the whole nation has lost," writer Einar Mar Gudmundsson told a noisy but peaceful anti-government rally of several thousand people in downtown Reykjavik.

More:
http://www.iht.com/articles/ap/2008/12/01/europe/EU-Iceland-Meltdown.php

lenejento
02-12-2008, 03:10 AM
Protest in Iceland - and central bank under siege december 1 2008 - YouTube

What happened here? Seems the police let them in willingly in the end?

Edit: Vid description explains it. There were riot police inside threatening with pepper spray so they left peacefully.

icke_is_right
02-12-2008, 10:16 AM
An example of a close knit community? Looks like they have some advantages ie they still congregate, know each other and are willing to protest together.

I think the same paper money collapse will happen all over the world and because people aren't/can't take appropriate action and get real money most people will be screwed. Since there is only about 1 part bullion to 99 parts paper money, it will be a first come, first served offering. Low bullion prices will come to an end...... for Icelanders it's already too late.

I feel more comfortable that now most of my cash (trash) is converted to bullion. I don't see this as submitting to the system, I see it as waking up to it and taking action against it. Also, I strongly suspect that it's exactly what is not wanted as the paper money system is about taking power away from the common person.

xpleet
02-12-2008, 10:23 AM
It is interesting to see the police so cowardly failing there. Paints a picture and i wonder if the police forces and private contractors in the US will be any more fierceful.