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| Permalink View Article Stats Bill Still: Ireland & Iceland Quicklink submitted by Scott Baker (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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Karl Denninger and Bill Still took to Capitol Hill in Washington on Monday, briefing a Senate staffer on monetary reform. An update the the situation in Iceland and Ireland. Iceland rejected bailing out the banks, despite dire warnings and only a 3-week supply of food that was threatened to be cut off. A year later, Fitch rates Iceland as stable, moderately growing, and worthy of new loans (but does it even need new loans?). A sovereign nation is only sovereign if it can produce its own money. |
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