Posted on 06/20/2012 9:12:34 AM PDT by freedommom
I’m sure this wont be on any news program.
Considering the entire population of Iceland is about 325,000 and they mostly live in a single city and suburbs with the rest scattered around an island the size of Kentucky, I’m not surprised that people don’t know what goes on there.
As I understand it, Iceland has basically told the worldwide Central Banks and the IMF to take a long walk off a short pier...
That’s a big chunk of the whole NWO crew!
I found the article confusing and I’m trying to figure out if it’s good or bad news. It sounds like they have established a pure democracy. It says the U.S. gave them millions of dollars and it also sounds like Iceland completely defaulted on all their debts.
The sequence of the story seems to be that they threw out at least three different administrations: liberal, conservative, liberal - now democracy?
Arrested some bankers who did what?
I found the article confusing and I’m trying to figure out if it’s good or bad news. It sounds like they have established a pure democracy. It says the U.S. gave them millions of dollars and it also sounds like Iceland completely defaulted on all their debts.
The sequence of the story seems to be that they threw out at least three different administrations: liberal, conservative, liberal - now democracy?
Arrested some bankers who did what?
Walk me through that please....who are we saying NO to? Congress?
Sorry for the double post - computer hiccuped.
Arrested some bankers who did what?
Who crashed their country in 2008.
By doing something illegal? What exactly?
It's a small country population-wise, with a homgenous culture. They are atheistic like all Euro countries but they have a strong Lutheran tradition. They have lots of natural resources and a lot of potential (they're even trying to grown coffee in geo-thermal powered greenhouses! Sounds silly, but the power is free, and they have sun 24 hours like Alaska...anyway, I'm curious to see how all that works out.)
In short, Iceland was allowed to fail early in the game. If we'd been allowed to fail, rather than endure all this refinancing and debasement of the currency...we'd be in good shape by now.
The financial crash in Iceland early October 2008, is a man made catastrophe.
The Government of Geir Haarde as prime minister, and with David Oddson chairman of the Icelandic Central Bank, collapsed the complete financial structure of this small nation Iceland.
Although they knew about it more than 1 year in advance, and now they blame the Icelandic businessmen and private bank sector!
The financial crash in Iceland early October 2008, is a man made catastrophe.
The Government of Geir Haarde as prime minister, and with David Oddson chairman of the Icelandic Central Bank, collapsed the complete financial structure of this small nation Iceland.
Although they knew about it more than 1 year in advance, and now they blame the Icelandic businessmen and private bank sector!
more cut and paste........
The Iceland crash is no ordinary financial crisis, it lies in the criminally insane decisions, made by politicians in Iceland. With full support of the parliament Althingi. The events of this autumn are not new or unforeseen, the situation has been building up steadily stronger the last 10 to 15 years. The Iceland Crash is the fruit of total greed, after the greatest national wealth of Iceland was given out to selected few, despite constitutional laws. The Icesave accounts and the aftermath, is a last resort of a scam, before the financial structure of Iceland crashed. At this time it is known that the last 4 days before the Iceland crash, huge amounts of funds were transferred from Icesave UK through Landsbanki, to foreign bank accounts in Cayman Islands, funds which the citizens of Iceland are now responsible for.
The Icelandic Politicians are mostly responsible for the financial crisis in Iceland. That is a fact. The people in Iceland on the other hand are also responsible for the crisis, since we voted for these so called politicians.. The average Geir and David in Iceland has always spent more then he has earned, that is spend now and pay later. This reflects in a continuing negative external trade balance. In many cases the average Icelander has so much debt that he breaks the No-Ponzi-Game condition. A No-Ponzi-game condition is a constraint, that prevents over accumulation of debt, that is you cant spend more money than your life’s income. But now we have also spent, our childrens life income!
Sounds awful! Depositors withdrew their money.
Based on what happened next, sounds like they did the right thing.
If you're a thief, and you can "persuade" the government to make thieving legal, then when you steal it's not against the law.
For sure, but what law did they charge these bankers with breaking? Or did they just claim “crimes against the state”?
This story was on Drudge this morning. I saw it and figured I would look at it at lunch. Now it is completely gone from Drudge - including his archives. A search doesn’t reveal it. I only found it here. Interesting.....
Well... it wouldn’t ‘profit’ the ruling elite to let the rest of the slaves know that some slaves revolted against their tyrannical masters and won.
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