The continuing devastation unleashed by the US subprime crisis not only impacts Americans and their investments in real estate, it is also having terrible effects on foreign economies. According to Max Keiser and his excellent reporting for the People and Power series on Al Jazeera, Iceland is quaking under the weight of bad US debt.
Below are two links, one on Keiser's work covering the Iceland story back in the Summer of last year (!) and another link to how the...
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