Iceland Proves You Don’t Need a Politician or Businessman as President

Iceland Proves You Don’t Need a Politician or Businessman as PresidentWith admiration, many have been observing Iceland’s handling of the banking crisis that jolted the entire world in recent years.

Now experiencing a unique economic recovery, the Icelandic public became aware in 2008 that the nation’s private banks had borrowed some $120 billion dollars, ten times the size of Iceland’s economy, creating an economic bubble which forced housing prices to double, and saddled the nation’s people with debt.

While other Western nations initiated bank bailouts in 2008, a popular uprising in Iceland led to a peaceful revolution against corrupt government and banks, and has since become the example for the global movement for liberation from central banking and unaccountable government.

“In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place.” 

The resolve of Iceland’s people to correct the systemic problems in their government and economy was again demonstrated in 2015 when dozens of high-level financial executives were jailed for their involvement in manipulating Iceland’s financial markets after financial deregulation in 2001.

“After Iceland suffered a heavy hit in the 2008-2009 financial crisis, which famously resulted in convictions and jail terms for a number of top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,” which includes universal healthcare and education.

In fact, Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go.” – Claire Bernish

Following the resignation of Icleand’s former prime minister, Sigmundur Davíð Gunnlaugsson, who quit after being implicated in fraud by the release of the Panama Papers in April of 2016, the public has again grown impatient with the political class.

While another US presidential election enters the severe mud-slinging phase, this time between a career politician with an alleged lengthy criminal past, and an arrogant celebrity businessman, Iceland has just demonstrated that a true political outsider and common person can be elected to the office of president.

Guðni Jóhannesson, a professor of history, has just been elected president of Iceland, ousting the 20 year incumbent, Ólafur Ragnar Grímsson, with 39% of the popular vote.

The political newcomer also beat chief opponent, businesswoman Halla Tómasdóttir, meaning that the office of president will not be held by a career politician or businessperson.

President elect Jóhannesson, a scholastic expert on political history, diplomacy and the Iceland constitution, has never been a member of a political party, is a husband and father, and reportedly chose to run for president after the release of the Panama Papers,

The global struggle for honest money will only heat up in the coming years when the next financial bubble bursts.

Sovereign, anti-globalist movements to correct systemic issues will be more common, such as we have just seen with Brexit. Recently, Switzerland also made overtures against the current banking model by seeking a referendum to ban commercial banks from printing money.

Iceland again sets a unique example of leadership for populist movements around the world who are eager for an end to corrupt politics, central reserve-banking tyranny and the takeover of government by corporate interests.

“Reserve banking is the policy that guarantees insurmountable debt as the outcome of all financial transactions.”

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

Oklahoma High Schooler’s Carbon Discovery Elicits Wonder From Experts

Taking teenage rebellion to a new level, Oklahoma high school senior George Wang stunned teachers and fellow students when in April he co-authored a...

14 African Countries Who Still Pay Colonial Tax To France

80% of the 10 countries with the lowest literacy rates in the WORLD among adults are in francophone Africa. Namely: Benin (40%), Burkina Faso (26%),...

The Total Number of Coronavirus Cases Could be 10 Times Higher Than Official Numbers !?

The head of Italy’s civil protection authority says he feared the true number of people infected with...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Bombs Have Been Dropped in Nevada – U.S. is Responsible

Apparently, America is now using Nevada's land to test bombs. With each passing day, the U.S. continues to follow their own personal agenda. A report did reveal...

Oklahoma High Schooler’s Carbon Discovery Elicits Wonder From Experts

Taking teenage rebellion to a new level, Oklahoma high school senior George Wang stunned teachers and fellow students when in April he co-authored a...

Oklahoma High Schooler’s Carbon Discovery Elicits Wonder From Experts

Taking teenage rebellion to a new level, Oklahoma high school senior George Wang stunned teachers and fellow students when in April he co-authored a...

Naked ambition: Mayor’s wife opens cannabis shop next to her strip club

A new legal cannabis shop in the US state of Colorado is receiving potshots for its proximity to a strip club and ties with...

VICTORY: Hungary Orders The Rothschild Banks To Leave The Country

Hungary, in 2013, finally kicked out the International Monetary Fund (IMF) from its country. In July it announced its plans to repay the IMF...

Texas Eugenicist Scientist Encouraged Ebola Outbreak

The pandemic Ebola crisis is taking up headlines globally. Kit Daniels reports, “Despite the fact that doctors in Africa cannot keep Ebola from spreading, United...

Federal Reserve Just Declared the American Dream is Dead for Most Americans

Long the stuff of sardonic quip, it’s finally official: the putative American Dream — an iconic, white picket-fenced, rise-to-the-top-from-nothing bastion of hope for citizens...

‘Act of war’: New Charlie Hebdo edition triggers Muslims’ anger, threats

A record 3 million copies of the new edition of satirical magazine Charlie Hebdo have appeared on French newsstands, with new caricatures triggering outrage...

Biologist Explains How THC Kills Cancer Cells

Below is a video of Dr. Christina Sanchez, a molecular biologist at Compultense University in Madrid, Spain, clearly explaining how THC (the main psychoactive constitute...

Don’t Throw Away Your Vote by Voting Trump OR Hillary

I see it all the time in my Facebook news-feed when my politically active leftist friends make posts about why they won’t vote for...