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Thread: Iceland Declares Independence from International Banks

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    Sweden Avalon Member jorr lundstrom's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by Ilie Pandia (here)
    Indeed Muzz...

    After they join the EU they will have to obey EU laws and regulations.
    Maybye better leave the insane club then. The Icelanders have something called

    honour, once widespread but now very, very rare.
    We are free, have always been. LOL

    There is no sharing.

    Im responible for wot I say, not wot you understand

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    Default Re: Iceland Declares Independence from International Banks

    EU CRACKS UP.

    An Article by Market Oracle
    http://www.marketoracle.co.uk/Article27638.html

    Political upheaval has hit Finland, and it’s merely a foreshadowing of bigger changes ahead. The core issue is whether Finland ought to be paying for bailouts for other EU states. In reaction to establishment support for the bailout, voters ousted the pro-bailout ruling party and gave an upset victory to the bailout-critical conservative party. Against every expectation, the eternal rule of the social democrats is at an end.

    But most striking of all are the gains made by a previously invisible party called True Finns. This is the only party to take a hardcore position: no bailouts at all. It also so happens that this party is predictably nationalist on issues of trade and immigration. But that’s not the source of the appeal. The bailout is what is on everyone’s mind. And you know that the anger must be palpable if it fired up the usually sleepy world of Finnish politics.

    In the sweep of history, few issues are as politically volatile as tax-funded bailouts of foreign countries, especially during difficult economic times. It’s a policy that provokes dramatic political change. The 20th century’s most famous case was in interwar Germany, when nationwide resentment against payments to conquering allied nations ushered in National Socialist rule.

    It should be no surprise that over-taxed Finns have no interest in sending their tax dollars to bail out the banking industry of Portugal, a country that is 2,500 miles and two days travel away. Even governments should have learned long ago that it is never a good idea to enact these sorts of policies. In this case, however, every EU nation is bound by a political contract to bail out any other; the bailouts are embedded in the very structure of how the political, financial, and monetary sector is currently structured.

    The entire EU system is afflicted with the paper money disease. It creates a boom that balloons the banking sector, allows politicians to spend wildly, and encourages private enterprise to expand operations in an unsustainable way. Then the bust comes and everything falls apart. Government revenue crashes, banks are threatened with insolvency, and mass bankruptcies are apparent everywhere.

    There is a fork in the road, one branch labeled liquidation and the other bailout. When the fiat money is available—and with their favorite interest group, the banking establishment, warning of the end of the world—guess which way the politicians choose? This is why member states are being told that they must cough up $129 billion (it will be more) to save Portugal from its own problems.

    It’s not that politicians all over Europe (and the US) love Portugal so much that they are glad to lavish it with more paper money. The real fear is contagion. If Portugal goes, Spain and Italy are next, and then the whole shaky system comes down, first in Europe, then in the UK, and finally in the US. This is the scenario that allows politicians once again to paper over the problem rather than confront it.

    Wasn’t the invention of the European Central Bank supposed to control credit expansion in Europe? Philipp Bagus, in his book The Tragedy of the Euro, identifies a fatal flaw. There is nothing that the ECB can do, even if it wanted to, about sovereign state finances or the fractional-reserve banking system that feeds on government-created debt. The ECB can control money injections, but it can’t stop debt creation or the banks that thrive on it.

    This debt creation generates its own unsustainable boom. A country’s finances then correct to reflect reality and the banking system comes under pressure. Then the bailouts begin. What ends up happening is that the (relatively) frugal states in the European Union subsidize the less frugal ones. There is moral hazard embedded in the very structure of the entire system.

    Nothing is going to fix it. Bailouts are only temporary aids until the next round of credit-fueled profligacy. And there is absolutely nothing that the ECB can do to stop it. Every profligate country knows that it is too big to fail, and that it enjoys presumed access to the financial resources of every other state in the EU. So the result is ongoing and worsening bailouts, leading to total bankruptcy.

    For this reason, everyone knows that there is far more at stake than just Portugal. The entire system of European finance and monetary arrangements is broken. It can’t be repaired with patchwork bailouts. At some point, the flaw in the system will have to be fixed (via a hard currency) or there will be a reversion to sovereign paper currencies and the Euro will be chalked up as yet another failed experiment in monetary and regional planning.

    Keep in mind that this is the third country to be bailed out recently. Ireland and Greece came first. And those bailouts barely worked. Once we plough through the smaller countries, we will move on to the larger countries. And there is not enough money, absent hyperinflation, to bail out Spain, much less Italy.

    The European Central Bank, which has been less irresponsible than the Fed in recent days, is the first world central bank to do what should have been done three years ago. It is raising rates with the intention of tightening money. The Fed should and must do the same thing. But there is a problem. If real interest rates reflected financial reality – with no presumed bailouts and no power to create new money – they would be sky high.

    The Portugal case and the Finnish reaction should serve as a wake-up call. All these bailouts and stimulus packages cannot hide the fact that the governments and banking systems of the US and Europe are fundamentally bankrupt, sustained only by the power to create money out of thin air. Each intervention is working to buy time but not to deal with the fundamental problem. And each time when the problems return, they are worse than before.

    It doesn’t take a True Finn to recognize the injustice of bailouts for foreign governments. Neither nationalism nor bailouts will fix the real problem. We will eventually find our way back to sound money. But it is going to be terrible slogging, and real convulsions, along the way.

    Llewellyn H. Rockwell, Jr. [send him mail] is founder and chairman of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author, most recently, of The Left, The Right, and The State.

    http://www.lewrockwell.com
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    Canada Avalon Member 161803398's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Prime Minister's Office - Stjornarradshusinu vid Laekjartorg - 150 Reykjavik - Iceland (See Map)
    Tel (+354) 545 8400 - Fax (+354) 562 4014 - E-Mail postur@for.stjr.is

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    Scotland Moderator Murray's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Hi folks

    The modus operandi all over the globe for a long time now. Financial criminals bankrupt a country then the EU/UN/IMF/WB gobble it up and steal the resources.

    http://blog.marport.com/2009/01/16/i...eu-membership/

    Heres a handy link to find out whats going on with Iceland and the EU.

    http://eunews.blogspot.com/

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    Sweden Avalon Member jorr lundstrom's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Finland will never pay Portugal. The finnish people love their contry in a very

    healty way. They take care of each other and avoid to get involved in other

    countries´affairs. This is really injteresting times. And I do hope that this insane

    EU-circus is coming to an end asap.
    We are free, have always been. LOL

    There is no sharing.

    Im responible for wot I say, not wot you understand

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    Scotland Moderator Murray's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by 161803398 (here)
    Prime Minister's Office - Stjornarradshusinu vid Laekjartorg - 150 Reykjavik - Iceland (See Map)
    Tel (+354) 545 8400 - Fax (+354) 562 4014 - E-Mail postur@for.stjr.is
    Great idea. As long as they rebel against the banks lets send some support.

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    Sweden Avalon Member jorr lundstrom's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by 161803398 (here)
    Prime Minister's Office - Stjornarradshusinu vid Laekjartorg - 150 Reykjavik - Iceland (See Map)
    Tel (+354) 545 8400 - Fax (+354) 562 4014 - E-Mail postur@for.stjr.is
    Thank you for the e-mail adress. So lets start to encourage the Icelanders.
    We are free, have always been. LOL

    There is no sharing.

    Im responible for wot I say, not wot you understand

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    Scotland Moderator Murray's Avatar
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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by jorr lundstrom (here)
    EU-circus is coming to an end asap.
    Hopefully so my friend. Time for a light hearted post and what better than a bit of Farage.


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    Default Re: Iceland Declares Independence from International Banks

    I have written to Avaaz.org to see if they can get a support network going for Iceland. To get 1,000,000 signatures to support the actions of Iceland. THank you the Prime Minster email, I will put it on Facebook and get many people to send a letter of support.
    [B][COLOR="red"][FONT="Franklin Gothic Medium"]In the end, what is true will come to be known. The truth always appears eventually, despite all efforts to hide it. It is impossible to keep something secret forever[/FONT][/COLOR][/B]
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    Default Re: Iceland Declares Independence from International Banks

    Well done loveandgratitude Im going to follow your lead. Ive just sent a request to Avaaz for a new campaign as well.

    Quote Posted by loveandgratitude (here)
    I have written to Avaaz.org to see if they can get a support network going for Iceland. To get 1,000,000 signatures to support the actions of Iceland. THank you the Prime Minster email, I will put it on Facebook and get many people to send a letter of support.

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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by GlassSteagallfan (here)
    Quote Posted by InTheBackground (here)
    Quote Posted by Muzz (here)
    Quote Posted by Ilie Pandia (here)
    Very interesting... let's see if they are allowed to maintain this position.
    <snip> But... watch out for volcanic activity.
    Muzz, I was just thinking the same thing.
    Agree. If they can't own it, they'll destroy it.
    I want to see them pull that one again. If indeed they did it the first time.

    Fool me once......

    As for the Finns, as I said in the Finn election thread, 'never mess with the Finns'. The Russians and the Germans know that one.

    As well, I said:

    Please consider the possibility that the EU may have been formed in order to have it break up.

    Motives and actions are for creating specific results, and if you don't know the reasons or the agenda.... then observations on realities seen... simply cannot be considered to be, nor do they need to be 'sensible' or 'correct'. That would be an infantile thinking process - To allow expectations and emotions to dictate the ideas behind a given witnessed situation.

    Turn the chessboard around (all kinds of different ways) when musing. Do it often. Surprising things will pop out every now and then.
    Last edited by Carmody; 20th April 2011 at 21:55.
    Interdimensional Civil Servant

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    Default Re: Iceland Declares Independence from International Banks

    Proves cold is good for your brain cells.
    Last edited by 161803398; 20th April 2011 at 21:46.

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    Default Re: Iceland Declares Independence from International Banks

    An article from Globalresearch on the subject
    http://www.globalresearch.ca/index.p...t=va&aid=24262

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    Default Re: Iceland Declares Independence from International Banks

    Moderate Iceland earthquake starts off the eruption of Grimsvotn volcano

    http://earthquake-report.com/2011/05...svotn-volcano/

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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by Muzz (here)
    Moderate Iceland earthquake starts off the eruption of Grimsvotn volcano

    http://earthquake-report.com/2011/05...svotn-volcano/
    So is someone punishing them? I guess this might be too far fetched but still... I will not discount the possibility.

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    Default Re: Iceland Declares Independence from International Banks

    I love Farrage! Pity they paint him a court jester. He is the only one bold enough to spit in Rompuy's face :D

    back to topic...




    Quote Posted by Ilie Pandia (here)

    So is someone punishing them? I guess this might be too far fetched but still... I will not discount the possibility.

    mmmmmmm, been thinking about that. some news from MSM:

    Deja Vu from last year.....


    Obama flies in early to UK due to ash
    .... be gentle with your anger. Sixto Rodriguez, Cape Town 20.02.2013

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    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by Ilie Pandia (here)
    So is someone punishing them? I guess this might be too far fetched but still... I will not discount the possibility.
    I think so. This is from last year but relevent.

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    Default Re: Iceland Declares Independence from International Banks

    Iceland crowdsources its next constitution

    http://www.guardian.co.uk/world/2011...ution-facebook

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    Default Re: Iceland Declares Independence from International Banks

    Insight into the Greek situation. Comparing how the two countries deal with this will be interesting.

    http://projectavalon.net/forum4/show...274-Debtocracy

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    Default Re: Iceland Declares Independence from International Banks

    Aren't they wonderful ? Greece may be following in their footsteps. Lets hope the rest of the world follows these brave people and tells the global robber barons to F#%$* off. If we all unite in this cause, "what are they gonna do, eh?" ha ha I hope I live long enough to see this come to fruition.

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