Sunday, December 4, 2011

Wall St. On the Tundra

Michael Lewis documents the events that led to the debt buildup and collapse of the 300,000 strong nation of Iceland as well as the response of its citizens in the aftermath of the collapse.  In the days and months after Iceland's collapse in October of 2008, Icelanders resorted to hoarding food, cash, and PM's, and intentionally destroying luxury items such as new Range Rovers for the insurance money.
An excellent piece to review for those wondering what the rest of Europe and the US have to look forward to when TSHTF.

Wall Street on the Tundra by Michael Lewis