Iceland

We like Iceland, we’ve never been there, but that doesn’t matter. Besides the outstanding natural beauty, Iceland, unlike the US, UK and practically everywhere else, holds bankers accountable. Last time we checked, 29 had been jailed. As we discussed, it also holds its leaders accountable (partially – see below) when they are complicit in exonerating convicted child rapists. Such an event brought down Iceland’s government in September.

Authored by Carey Wedler via TheAntiMedia.org,

Iceland’s justice system has received praise in recent years for its successful prosecution of multiple bankers who helped bring on the 2008 financial crisis. Though some of those bankers have been released early from prison, the latest controversy in the country stems from an entirely different miscarriage of justice.

Authored by Mac Slavo via SHTFplan.com,

Iceland’s largest volcano, Katla, was just moved to yellow status.  

But that isn’t all that’s concerning. There have also been over 500 earthquakes in Iceland in the last four days.

Authored by Wayne Madsen via The Strategic Culture Foundation,

By Chris at www.CapitalistExploits.at

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.