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NY Times: Iceland Voters Set to Reject Debt Deal

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Iceland again leads the world in debt default management. They are asking the IMF for nearly $5 billion, while owing Europe $5.3 billion for the private, now socialized debt, of Icesave Bank. If Iceland refuses to pay, will other countries follow? Who ultimately owns the Land, absentee landlords or the people who live on it? What if they refuse the IMF bailout & make their own sovereign money instead of a Central Bank?

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At www.nytimes.com

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)