Josh Sigurdson talks with author and economic analyst John Sneisen about the drastically overpriced actual estate in Iceland as their housing bubble inflates to world report degrees.
Iceland has the highest household value growth in the world with seventeen.eight%! That is crazy!
John breaks down how central bank fascination rates and massive credit card debt based marketplace manipulation is bringing down the housing marketplace and why this will be of epic proportions.
Josh and John also break down what people need to do to safeguard on their own. We can communicate all working day about how amazing it was that Iceland jailed their bankers, but they just got rid of the devices earning the problems and replaced them with some others. The script carries on to play out. Changing the central planner is not going to adjust the problems of central scheduling!
Keep tuned as we proceed to break this difficulty down! This difficulty is popping up all above the world as banks difficulty collateralized credit card debt obligations/mortgage loan backed securities just like they did in 2007-2008. A storm is coming.
Movie edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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