Live at Davos! (Amazing!) Icelandic President on banks, and churches, and real people

What’s amazing: not that the Iceland president speaks truth, but that he speaks truth at Davos, that bastion of the 1%.

Iceland President: Let the Banks Go Bankrupt… “Why do we consider banks … holy churches?”

January 27th, 2013



“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimson 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 Grimson 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…

This entry was posted in 2013, culture of secrecy, dark doo-doo, new economy, Reality Ramp-Up, unity consciousness, Uranus square Pluto, visions of the future, waking up, wild new ideas. Bookmark the permalink.

2 Responses to Live at Davos! (Amazing!) Icelandic President on banks, and churches, and real people

  1. Julia says:

    Iceland should give us all hope.

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