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Iceland 2008 firsthand By Cointelegraph



What it’s like when the banks collapse: Iceland 2008 firsthand

Many Bitcoiners look forward to the day in the future when the banking system collapses and hyper-Bitcoinization occurs.

But Jared Bibler an American who experienced the most dramatic banking and share market collapse in living memory in Iceland in 2008 says the reality is something no one would ever want to experience.

Jared Bibler amassed piles of evidence during the investigation. (Supplied)
Reykjavk is home to 120,000 people and is the capital of Iceland (Pexels)

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A most peculiar bank

Jared Bibler hard at work. (Supplied)

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Iceland offers amazing views of the Northern Lights and runs on almost 100% geothermal and hydro power. (Source: Pexels)

The investigation

Justice denied

Bibler believes the punishments handed out were not enough to act as a deterrent. (Supplied)
Jared Bibler has written a book about the fallout from the GFC on Iceland.

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