Visitors Now:
Total Visits:
Total Stories:
Profile image
By Hang the Bankers
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Only 3 minutes worth listening to from World Economic Forum 2013

Monday, January 28, 2013 4:20
% of readers think this story is Fact. Add your two cents.

(Before It's News)

http://www.hangthebankers.com/

“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimsson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos.

Amid a week of back-slapping and self-congratulatory party-outdoing, as John Aziz notes, the Icelandic President explains why his nation is growing strongly, why unemployment is negligible, and how they moved from the world’s poster-child for banking crisis 5 years ago to a thriving nation once again.

Simply put, he says, “we didn’t follow the prevailing orthodoxies of the last 30 years in the Western world.”

There are lessons here for everyone – as Grimsson explains the process of creative destruction that remains much needed in Western economies – though we suspect his holographic pass for next year’s Swiss fun will be reneged…

Source: http://www.zerohedge.com/news/2013-01-26/only-3-minutes-worth-listening-davos

http://www.hangthebankers.com/



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.