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Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), joins us to discuss the example of Iceland’s struggle against the banking oligarchy. We examine the history of Iceland’s debt crisis, the government that has effectively signed the country over to the debtors, and the people’s efforts to reclaim their economy. We also look at parallels in the Greek situation and ask what we can learn from what the Icelandic people are going through.