Revenge of the Vikings — Iceland Will Create Its Own Money

Source: CS Globe

Back in 1914, the Bradbury Pound was introduced by the UK government as an ’emergency measure’ to bolster a failing economy.

It was a huge success. The banking elite were unhappy, however and panicked – before managing to wrestle control of the money supply afterwards.

President John F. Kennedy also introduced a similar ‘Greenback’ in 1961, and again, the banking elite were very unhappy about being pushed out, and losing control of the issuance of money as debt. JFK did not survive past 1963.

Then there was Muammar al-Gaddafi in Libya who, in 2009 announced a new gold-backed dinar, issued by Libya’s state-owned public central bank, and with further plans – negotiating with the other African nations for the creation of an all-African currency to compete with the Euro and the Dollar. Gaddafi did not survive past 2011.

Who knew that the revolution would start with those radical Icelanders?

One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament.

Can’t see commercial banks in the western world be too happy with this. They must be contemplating wiping the island nation off the map. If accepted in the Iceland parliament, the plan would change the game in a very radical way.

via Revenge of the Vikings — Iceland Will Create Its Own Money

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