SIR - Some will recall that following the 2007-08 financial crisis, small, inconsequential Iceland was technically bankrupt as a country.

Unlike the countries of the G20, it had been effectively “ordered” to impose austerity measures to keep their crooked, zombie, technically bankrupt banks afloat.

Iceland came up with a novel approach to their problem – they arrested all the crooked bankers, put them in jail and refused all International Monetary Fund loans – which are also known as devices to allow other banks to take charge of the country.

Of course, the one per cent that actually run the world through their bought and paid-for politicians did not want this maverick behaviour becoming widespread, so they made sure the mainstream media (MSM) did not report Iceland’s return from the economic grave.

Just this week, Iceland has announced future plans to prevent further corruption causing boom-bust scenarios.

It is withdrawing private banks’ facility to create money out of fresh air and lend it at interest (97 per cent of the UK money supply is created in this way).

Readers will not be surprised to discover that the MSM have chosen not to report this revolutionary economic approach either.

Christopher Hindle, Osterley Grove, Bradford