Josh Sigurdson talks with author and economic analyst John Sneisen about the dramatically overpriced real estate in Iceland as their housing bubble inflates to world record levels.
Iceland has the highest house price growth in the world with 17.8%! That is insane!
John breaks down how central bank interest rates and massive debt based market manipulation is bringing down the housing market and why this will be of epic proportions.
Josh and John also break down what individuals need to do to protect themselves. We can talk all day about how cool it was that Iceland jailed their bankers, but they simply got rid of the machines making the problems and replaced them with others. The script continues to play out. Replacing the central planner isn’t going to change the problems of central planning!
Stay tuned as we continue to break this issue down! This problem is popping up all over the world as banks issue collateralized debt obligations/mortgage backed securities just like they did in 2007-2008. A storm is coming.
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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