Topic: Debt Laws

Icelandic citizens voted in a referendum to reject paying back international banksters following the collapse of their banking system. The hosts recall how former UK Prime Minister Gordon Brown used anti-terrorism laws to freeze Icelandic assets during the crisis. They praise the Icelandic people for refusing austerity measures imposed by the Netherlands and the United Kingdom.

The economic collapse in Dubai is highlighted, specifically the impact of falling oil prices on real estate values. Due to strict laws where unpaid debt can lead to imprisonment, thousands of luxury cars have reportedly been abandoned at the Dubai airport by fleeing expatriates. The difficulty of finding skilled labor in the region is also noted.