Iceland's Sovereign Money Proposal
Apr 07, 2015
Iceland seems to be ahead of everyone in finding the solution to the debt-money system. A few years ago they had a popular revolution that jailed or kicked out bankers and politicians for causing their debt crisis. Now they seem ready to issue real money, instead of borrowing newly-created money from a central bank.
Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money.
"Crucially, the power to create money is kept separate from the power to decide how that new money is used," Mr Sigurjonsson wrote in the proposal….
The small Nordic country was hit hard as the crash of US investment bank Lehman Brothers caused the collapse of its three largest banks.
Iceland then became the first western European nation in 25 years to appeal to the International Monetary Fund to save its battered economy.
Its GDP fell by 5.1pc in 2009 and 3.1pc in 2010 before it started rising again.
It will not be long before the Federal Reserve Bank will be nationalized, so it is truly “federal” and owned by the people. Iceland seems to be ready to lead the way. Pray for their protection. Other nations and leaders have been killed or overthrown for trying to do this.