Iceland won't go into poverty to pay back British thieves

Started by sullivan, August 20, 2009, 04:03:57 AM

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sullivan

From KPFA

Guns and Butter - "Iceland Recovering From Neoliberal Disaster"

[mp3:3v970ir4]http://aud1.kpfa.org/data/20090819-Wed1300.mp3[/mp3:3v970ir4]

"Iceland Recovering From Neoliberal Disaster" with Dr. Michael Hudson on Iceland's banking crisis and foreign debt; it's decision to push back against IMF and World Bank austerity; Gordon Brown's role in the Icesave scandal; the capacity to pay principle; similarities with Germany's foreign debt reparations from the 1920s; European Union disarray; media omissions.
"The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses generally referred to as \'international bankers.\' This little coterie... run our government for their own selfish ends. It operates under cover of a self-created screen, seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection."
John F. Hylan (1868-1936) - Former Mayor of New York City