Consider a country where banking interests balloon debt by lending to people who cannot possibly pay back their loans. These toxic assets then threaten to destroy the national economy. Banking interests plead with the civil government to rescue them for the sake of the economy. The civil government bails them out with taxpayer money. Sound familiar? Well, that’s where the similarities end between the banking crisis in Iceland which began in 2008, and the banking crisis that occurred in the States a year earlier.
Taxpayers in Iceland didn’t just sit back and allow the bail out. They thronged the streets banging on pots and pans, surrounded their capitol building, and forced all the members of their civil government to resign. You read that right. All of them. To resign. They were not going to pay for bank fraud.
They then crowd-sourced the Constitution of Iceland for a rewrite. No word yet on exactly how this has panned out. But what is of interest is that no major news agency in the U.S. has reported on this:
The pots and pans revolution in Iceland was not covered by mainstream U.S. media. In fact, any information about this revolution is found only on international newspapers, blogs and online documentaries, not on mainstream front-page articles as would be expected from news organizations covering a story of this magnitude. The New York Times published a small handful of piecemeal stories, blogs and opinion pieces, but mostly glossed over the main narrative by saying the 2008 financial collapse in Iceland caused “mayhem far beyond the country’s borders” rather than pointing out that Icelanders took to the streets with pots and pans and forced their entire government to resign.
I don’t know about you, but I find that bizarre. We’re talking about a bloodless revolution over a corrupt and incompetent government. That’s huge news. Why haven’t we heard about this? Are the puppet masters of media in the States afraid we might get similar ideas?