Jared Bibler joins the podcast to discuss his book 'Iceland's Secret' and his experience living through that country's financial collapse in 2008.
It was a very dark period in Iceland's history, with individuals losing homes and savings and not being able to buy food. The author experienced this first-hand, initially as an asset manager and later working for regulators seeking to bring the responsible parties to justice.
The crisis in Iceland shocked the world but was quickly overshadowed by the collapse of Lehman Brothers in the U.S. Today it is largely forgotten outside of Iceland. But the author says his experience holds many lessons for the present day.
If nothing else, his experience holds lessons for those interested in hedging against a total collapse of capital markets and civil society.
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