Posted on 04/14/2012 6:48:29 AM PDT by edcoil
his is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population. They are putting the bankers and politicians on the "Bench of the Accused." Which means I assume they are putting them on trial for corruption.
(Excerpt) Read more at sherriequestioningall.blogspot.co.uk ...
I’ve been saying since high school that no American truly owns his home or land;the government only allows you to live there as long as the yearly taxes are paid.Actually no different from the ancient English landholders who paid annual taxes to the king.
And much of those taxes are for services you don’t want but which you are forced to buy/So obamacare isn’t really that radical an idea.
Iceland population: 313,183
“If you owe a bill you owe a bill.”
Number one rule of any agreement or contract is it has to be singed and agreed to by both parties. Was it?
Also, what if you agree with your neighbor to have him loan you $100.00 - then he goes to all of his friend with your note and gets 100.00 from all 10 of them not telling you or the other 9 and that you would pay you them 100.00 he got from you that you did not know about - do you now owe all 10 the original $100.00.
“You need to go farther back to get to what actually happened. There’s a lot more to it, and much of it involves the government forcing banks to make loans to people who were awful credit risks.”
One stop shopping:
http://www.harvard-jlpp.com/33-2/407.pdf
Dear Judge.... could be a good thing if folks work on the pay-go system. We could drift away from being a “consumer” economy and go back to making real hard goods.
Besides the joy of seeing unemployed bankers would be refreshing.
Ciao!
How wonderfully compassionate of them!
Excellent! The first round of forgiveness will be taken out of your 401K and IRAs.
>> “The Almighty never intended us to be thieves either.”
Very true!
That’s flat out criminal!!!!
Put all those lawmakers in prison!
Why can’t I borrow money directly from the Fed at say 0.5% for 30 years and cut out the middlemen, who add very little value.
“Good luck buying furniture, cars or electronics without credit.”
If you haven’t got the cash you don’t need it!!!!
I was raised that way and have lived by that rule all my 75 years!!!
“The Almighty never intended for the profligate and lazy to borrow money they can’t or won’t repay, either.”
Very true!
Here’s one of the aspects of this parallel that fascinates me: In ancient Israel, there was a year of Jubilee every 50 years in which all debts were forgive, all indentured servants were emancipated, and land sold to satisfy a debt was returned to the owner. It was a once-in-a-lifetime event, not a regular things.
Our fiat-money system insures that everyone will eventually work for a bank or the government, which controls the money. You can go agree with God’s arrangement or not, but if you don’t agree, the end result is going to be an economic collapse. According to what I’ve been reading, all fiat-money systems eventually self-destruct after 50-yars or so, with terrible calamity and widespread suffering. The closest and most stark example we have is what happened in Germany between ww1 & ww2 with the collapse of the Weimar Republic. The Germans hyperinflated their currency in order to pay war debts and provide pensions for widows & orphans from those who served in ww1. No one wanted to be taxed to pay war reparations, so they just printed the money. Right now, we are going down the same path to pay people that can’t or won’t work, with Government Employee Unions conspiring with Government to help themselves to pay & benefits the rest of us can only dream of. A day of reckoning is fast approaching, unless we head it off with some honest and sensible solutions.
You’re exactly right. Ever see if you can? I bet they have so many laws, rules and regulations paid for and passed by politicians you cannot.
toe-tag plan....
...work till I drop
>>What people really want is to wipe out their own debts while maintaining their own assets which are someone else’s debt.
Worth saying again. Only perhaps “leftist people” would make it more accurate.
The Fed doesn’t give 30 year loans. They also don’t loan at 0.5%.
Currently, the Fed is lending a whopping $10 million at the discount window.
“This story seems to be fake,”
Youtube of news report.
http://www.youtube.com/watch?v=uyxzg58JkYI&feature=player_embedded
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