Shadowtraders

Full story here from ZeroHedge. Just to prove the world is turning upside down: here and here.

In an advance preview of what will happen in the US once tens of millions of “homeowners” are forced to actually start paying their mortgage bills, Iceland’s disgruntled population “gathered in their thousands, beating makeshift drums and hurling red paint at the legislature.” As Bloomberg further describes the festivities: “protestors lit a bonfire and threw firecrackers at police while others threw eggs, tomatoes and paint at the parliament as they tried to break through the steel fence protecting the building.” And while 8,000 protesters seems like a de-minimis number, keep in mind it is 2.7% of the country total population, and would be equivalent to 9.5 million American lining up to throw rotten vegetables at Ben Bernanke. Seeing how not even one has done so ever, it appears the Volcano dwellers have infinitely more guts than their infinitely more weaponized American equivalents. As to what sparked the ire of the egg-throwers: “A six-month freeze on mortgage repayments put in place by the government expired on Thursday, triggering the anger of many Icelanders who will fall short on home payments.” Perhaps when in a decade or so, Americans are once again forced to pay down their debts, we may actually see comparable footage in the US as well. Too bad the world’s central banks will start a world war long before that (and yes, youcan eat eggs). (more…)