There’s a story that was largely ignored by the establishment press (an oddity, I know) this past spring which should have been one of the biggest news items of the year. In America these days, the press typically has one reason for ignoring or spiking stories, of course: If it doesn’t fit the narrative of the political left, it isn’t covered.
The particular nature of this one, however, speaks volumes as to why it was glossed over and why the one buried mention mischaracterized the item entirely.
In April and May of this year, citizens of the nation of Iceland essentially overthrew their government, establishing a new constitution and a citizens’ oversight framework intended to check the actions of their government in the future. The impetus for this was a major banking scandal that emerged in 2008 and whose repercussions have carried through to the present. This involved the collapse of all three of the country’s major privately owned commercial banks following their inability to refinance their short-term debt and a run on deposits. It is said to have been one of the worst aspects of the global economic meltdown that had its roots in the machinations of radicals in the U.S., complicit lawmakers and unscrupulous mortgage banking officials.
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