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

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...

David Rockefeller’s Sixth Heart Transplant Successful At Age 99

Billionaire philanthropist David Rockefeller has successfully undergone his sixth heart transplant in 38 years at the venerable age of 99 years old. The heart transplant...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

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%...

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

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...

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...

Iceland Boycotts Israel – No More Israeli Goods In The Capital

A city from Iceland has recently taken a game-changing decision: from now on they will not allow any Israeli-made products in their city. Why?...

McDonald’s “New Policy” Bans Customers From Buying Food For Homeless

A number of stories have recently come to light, showing that McDonalds allegedly has a new policy which is preventing customers from buying food...

Chocolate Gives Statins A $29 Billion Run For Their Money

With the blockbuster cholesterol-lowering class of drugs known as statins being widely promoted for the primary prevention of cardiovascular disease, despite their having over...

How Is Capitalism Like A Religion?

How capitalism functions like a religion Capitalism is not a religion, but there are two broad ways in which it is like a religion. 1. In the ways...

The story behind Albert Einstein

So you think you know Albert Einstein: the absent-minded genius who gave us the theory of relativity (two of them, in fact, special theory...

The Shocking Story of How Aspartame Became Legal

Did you know that Aspartame was banned by the FDA twice? How is this product legal now? The bittersweet argument over whether Aspartame is safe...

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...