Burning Iceland

The nation of Iceland was living large on credit and credit derivatives until they hit the financial wall in late 2008 and suffered a currency devaluation. The effects include significantly reduced purchasing power, lack of imported goods, failing businesses, rising unemployment, and deteriorating property prices.

The economic turmoil is spilling into social unrest and political turmoil. The UK is following in the footsteps of Iceland with a rapidly declining currency value.

This can, and likely will, happen in other nations. Will the result be police clampdowns and less freedoms OR more freedoms through money that has real value (instead of fiat money backed by debt)?



Picture from http://www.huffingtonpost.com/iris-lee/iceland-is-burning--day-2_b_159863.html