VisualPolitik EN published this video item, entitled “When ICELAND was on the verge of GOING BUST – VisualPolitik EN” – below is their description.
Check out our brand new channel, Visual Academy: https://www.youtube.com/channel/UC00VXLPfLevjlZUhb3XkDhQ
What exactly happened in Iceland that was, at the end of 2008, the third richest country in the world to cause it to be facing the total collapse of its financial system? What caused its banks to fail almost overnight? What happened so that in October 2008 Iceland became the first developed economy to ask for help from the International Monetary Fund in more than 30 years?
Usually when we think of the Great Recession of 2008, images of Wall Street and the real estate bubble come to mind. However, the scenario that unfolded on this island nestled in the icy waters of the North Atlantic was a totally different experience.
What we are going to tell you in this video, which we have made together with Value School, is the story of one of the biggest financial bubbles of all times, the story of a country that, in just a few years, went from being a place known for fishing, geysers and volcanoes to becoming an international financial center. Are you ready to accompany us to the cold shores of the island known as the land of fire and ice?
Support us on Patreon!
https://www.patreon.com/VisualPolitik
And don’t forget to visit our friend’s podcast, Reconsider Media:
VisualPolitik EN YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
