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Just when we thought Iceland was safe and recovering, the parasites at IMF are forcing a new bank crisis so the financial overlords can loot Iceland The vultures became owners of two out of three new Icelandic banks. On IMF advice the government negotiated an agreement so loose as to give them a hunting license [...] Icleand has shown us what democracy looks like. They nationalized banks, fired and arrested the banksters, defaulted on bonds, and are now recovering. Renewable eneregy has aided in that recovery. Emphasis added. “I chose the democratic will of the people over the force of the market,” Grimmson said. In other words, the irresponsible bankers, who [...] "I Think of Iceland." Spain protests. Flickr photo by edans From the discussions on our podcast last night: Bachmann did well in the Republican debate because she was non-wacko and thus surprised many. However, Romney is still the frontrunner. The nomination is his to lose, even as a recent poll shows Cain (yes, Cain) [...] Spain protest. juanlusanchez, yfrog The protests are spreading to Italy too. Good. May the protests spread to the entire Eurozone and bring down the corrupt edifice called international banking. When the Iceland banking crisis happened, Iceland choose not to be ground under the boot heel of the banks and be indebted for years to [...] Bloomberg states the obvious Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks, whose assets had ballooned to $209 billion, 11 times gross [...] In a fitting tribute to a disgraceful performance by Irish Prime Minister Brian Cowen in which Cowen crammed losses of Irish banks down the throats of taxpayers, his government has at long last collapsed. Six cabinet members (40%) resigned representing justice, health, trade and enterprise, defense and transport. Earlier in the week his foreign minister [...] Meanwhile, in the USA Iceland gets it. They choose to save their country, not the bondholders. They let their banks collapse, told the bondholders to stuff it (they owe $81 billion and haven’t paid back a penny), and their economy is now recovering. Now they are arresting banksters for market manipulation. Good. The US [...] Click to listen on BlogTalkRadio From the discussion: Maybe we should call what Wikileaks is doing ’4G protest’ rather than ’4G warfare’, because it’s not warfare and saying it is could provoke governments into over-reacting (not that they’d need much help doing this.) Maybe Wikileaks is something new, a digital form of protest, and [...] All the volcano, ash clouds and airline news together. Iceland stills live off geothermal. At least their economic crash didn’t affect the geothermal. The US has huge amounts of untapped geothermal, we just have to use it. |  | ||||
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