Quote:
Originally Posted by Thor
Private central banks are a problem, its a license for endless profit at the expense of a nation. Its maddening.
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I would agree in so much as any private business should be able to declare bankruptcy and the positives and negatives that come along with that.
I am still unsure of how the Icelandic system was setup. It would appear that many in England were heavily invested in Icelandic banks and believe the government "owes" them their money.
Someone correct me if I am wrong but my understanding in Canada is that it is possible that any of the private banks if so need be could declare bankruptcy and CDIC is there to protect a portions of the populations money if that were to happen.