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Sovereign Default

From WA Today, comes an obsure commentary on why Iceland's decision, to allow it's European & English Bankers to take a loss on the country's domestic bank and sovereign bond holdings, was a far better decision than that taken by its neighbour across the Atlantic, Ireland, who sold out their own citizens in favour of retaining par value on its domestic bank and sovereign bond holdings for its foreign bondholders (ed. read German, Dutch & English banks).

From Gordon T Long, comes the newest in his Tipping Points series of articles in attempting to quantify those events which may be catalysts for an acceleration in the process of global economic breakdown that is slowly taking place in many parts of the world.