+ Reply to Thread
Page 3 of 4 FirstFirst 1 3 4 LastLast
Results 41 to 60 of 77

Thread: Iceland Declares Independence from International Banks

  1. Link to Post #41
    Scotland Moderator Murray's Avatar
    Join Date
    23rd March 2010
    Age
    39
    Posts
    2,606
    Thanks
    8,664
    Thanked 6,898 times in 1,365 posts

    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by felixq78 (here)
    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.
    Well said my friend.

  2. The Following User Says Thank You to Murray For This Post:

    Tane Mahuta (15th August 2011)

  3. Link to Post #42
    UK Avalon Member ktlight's Avatar
    Join Date
    2nd March 2011
    Location
    West London
    Posts
    5,946
    Thanks
    11,664
    Thanked 21,084 times in 4,706 posts

    Default Iceland Declares Independence from International Banks

    FYI:

    Quote June 21, 2011 "Netright" -- – Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.

    On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.

    At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.

    In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent. “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.

    A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank. The referendum was invoked when President Olafur Ragnur Grimmson vetoed legislation the Althingi, Iceland’s parliament, had passed to pay back the British and Dutch.

    Under the terms of the agreement, Iceland would have had to pay £2.35 billion to the UK, and €1.32 billion to the Netherlands by 2046 at a 3 percent interest rate. Its rejection for the second time by Iceland is a testament to its people, who feel they should bear no responsibility for the losses of foreigners endured in the financial crisis.

    That opposition to bailouts led to Iceland’s decision to allow the bank to fail in 2008. Not that the taxpayers there could have afforded to. As noted by Bloomberg News, at the time the crisis hit in 2008, “the banks had debts equal to 10 times Iceland’s $12 billion GDP.”

    “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland President Olafur Grimsson told Bloomberg Television.

    The voters’ rejection came despite threats to isolate Iceland from funding in international financial institutions. Iceland’s national debt has already been downgraded by credit rating agencies, and now those same agencies have promised to do so once again as punishment for defying the will of international bankers.

    This is just the latest in the long drama since 2008 of global institutions refusing to take losses in the financial crisis. Threats of a global economic depression and claims of being “too big to fail” have equated to a loaded gun to the heads of representative governments in the U.S. and Europe. Iceland is of particular interest because it did not bail out its banks like Ireland did, or foreign ones like the U.S. did.

    If that fervor catches on amongst taxpayers worldwide, as it has in Iceland and with the tea party movement in America, the banks would have something to fear; that is, the inability to draw from limitless amounts of funding from gullible government officials and central banks. It appears that the root cause is government guarantees, whether explicit or implicit, on risk-taking by the banks.

    Ultimately, such guarantees are not necessary to maintain full employment or even prop up an economy with growth, they are simply designed to allow these international institutions to overleverage and increase their profit margins in good times — and to avoid catastrophic losses in bad times.

    The lesson here is instructive across the pond, but it is a chilling one. If the U.S. — or any sovereign for that matter — attempts to restructure their debts, or to force private investors to take a haircut on their own foolish gambles, these international institutions have promised the equivalent of economic war in response. However, the alternative is for representative governments to sacrifice their independence to a cadre of faceless bankers who share no allegiance to any nation.

    It is the conflict that has already defined the beginning of the 21st Century. The question is whether free peoples will choose to remain free, as Iceland has, or to submit.

    Bill Wilson is the President of Americans for Limited Government. You can follow Bill on Twitter at @BillWilsonALG.
    source
    http://www.informationclearinghouse....ticle28391.htm

  4. The Following 19 Users Say Thank You to ktlight For This Post:

    Ba-ba-Ra (29th June 2011), Bhusunda (29th June 2011), ceetee9 (29th June 2011), christian (29th June 2011), Cidersomerset (29th June 2011), GCS1103 (31st July 2011), GlassSteagallfan (29th June 2011), Ilie Pandia (29th June 2011), jasontorque (29th June 2011), Marikins (29th June 2011), Midnight Rambler (29th June 2011), NancyV (29th June 2011), oceanz (29th June 2011), pharoah21 (29th June 2011), phillipbbg (29th June 2011), ponda (29th June 2011), RMorgan (29th June 2011), Tane Mahuta (15th August 2011), TWINCANS (29th June 2011)

  5. Link to Post #43
    Romania Administrator Ilie Pandia's Avatar
    Join Date
    5th September 2010
    Location
    Bucharest, Romania
    Age
    30
    Posts
    5,636
    Thanks
    3,531
    Thanked 15,053 times in 2,350 posts

    Default Re: Iceland Declares Independence from International Banks

    Way to go Iceland!

  6. The Following 5 Users Say Thank You to Ilie Pandia For This Post:

    GCS1103 (31st July 2011), Marikins (29th June 2011), pharoah21 (29th June 2011), Tane Mahuta (23rd August 2011), TWINCANS (29th June 2011)

  7. Link to Post #44
    United States Avalon Member GlassSteagallfan's Avatar
    Join Date
    21st January 2011
    Location
    The Berkshires
    Posts
    1,136
    Thanks
    2,197
    Thanked 3,993 times in 911 posts

    Default Re: Iceland Declares Independence from International Banks

    If Obama wasn't such a British monarchy kiss a$$, we would have already restored the Glass Steagall Act via HR 1489, and given the 17 trillion dollar debt back to wall st and london.

    If the U.S. is ever to recover, Glass Steagall MUST happen.

    Then we employ 8 million+ high skilled engineers to build the NAWAPA project (North American Water and Power Alliance).

    See larouchepac.com for details.

    Oh, and Bin Bernanke should be waterboarded.

  8. The Following 5 Users Say Thank You to GlassSteagallfan For This Post:

    GCS1103 (31st July 2011), Marikins (29th June 2011), modwiz (29th June 2011), NancyV (29th June 2011), Tane Mahuta (15th August 2011)

  9. Link to Post #45
    Avalon Retired Member
    Join Date
    14th May 2011
    Posts
    137
    Thanks
    1,469
    Thanked 445 times in 118 posts

    Default Re: Iceland Declares Independence from International Banks

    Go Iceland!

  10. The Following 4 Users Say Thank You to Marikins For This Post:

    GCS1103 (31st July 2011), modwiz (29th June 2011), pharoah21 (29th June 2011), Tane Mahuta (15th August 2011)

  11. Link to Post #46
    UK Avalon Member Cidersomerset's Avatar
    Join Date
    16th May 2011
    Location
    Bridgwater somerset UK
    Age
    53
    Posts
    8,521
    Thanks
    14,453
    Thanked 28,704 times in 7,084 posts

    Default Re: Iceland Declares Independence from International Banks

    Thanks Klight ...If they let Iceland go a head with this ....It either suits there agenda or they don't care if this sets a precedent....Because Iceland though a 'Brave' little country ....with a population of 319,062 people in 2009 it is a 'flea on the Elephant'......
    Financially its nothing to the elite , the only problem is if other countries do the same......Saddam & Gaddaffi both talked about setting up alternate 'backed' currencies and looked what happened to them !!!! cheers Steve
    Last edited by Cidersomerset; 29th June 2011 at 19:34.

  12. The Following User Says Thank You to Cidersomerset For This Post:

    Tane Mahuta (15th August 2011)

  13. Link to Post #47
    UK Avalon Member Cidersomerset's Avatar
    Join Date
    16th May 2011
    Location
    Bridgwater somerset UK
    Age
    53
    Posts
    8,521
    Thanks
    14,453
    Thanked 28,704 times in 7,084 posts

    Default Re: Iceland Declares Independence from International Banks

    Hi GlassSteagallfan.....I thought Obama was British on his dads side...LOL...........The other thing is the US do not only owe money to the banks , apparently the chinnese people owns the united states.. dept.

    It goes back to Nessara when president Jackson bought the Louisianna lands from Napoleon 1 from the French. Its very complicated and still going on...Any one else come accross this..Cheers Steve..

    http://informationfarm.blogspot.com/...l/St%20Germain

    Listen to 4th mp3 recording down......
    Last edited by Cidersomerset; 29th June 2011 at 19:35.

  14. The Following User Says Thank You to Cidersomerset For This Post:

    Tane Mahuta (15th August 2011)

  15. Link to Post #48
    Avalon Member avid's Avatar
    Join Date
    19th March 2010
    Location
    NW UK
    Posts
    690
    Thanks
    4,911
    Thanked 2,315 times in 543 posts

    Default Re: Iceland Declares Independence from International Banks

    Well done Iceland!!!
    However - if one goes against the giant NWO bankster folk - you can depend on an 'unnatural' disaster fairly soon. They'll 'hotwire' your volcanoes to make you suffer, they may even do an unearthly giant quake - but we KNOW if one says NO they get a bit naughty! Lots of love and gratitude to those brave folk up there - and pray for their protection against the vile atrocities being perpetrated all over the world by those manic EMF 'players'. It's like a childhood nightmare where the evil one went mad on an olde worlde organ - hammering all the keys in an untuned symphony. I realise now that there are those in that position doing just such terrible things. The manic ones are still desperate - let's CONCENTRATE positively against them.
    Avid
    The love you withhold is the pain that you carry
    and er..
    "Chariots of the Globs" (apols to Fat Freddy's Cat)

  16. The Following 2 Users Say Thank You to avid For This Post:

    GCS1103 (31st July 2011), Tane Mahuta (15th August 2011)

  17. Link to Post #49
    Romania Administrator Ilie Pandia's Avatar
    Join Date
    5th September 2010
    Location
    Bucharest, Romania
    Age
    30
    Posts
    5,636
    Thanks
    3,531
    Thanked 15,053 times in 2,350 posts

    Default Re: Iceland Declares Independence from International Banks

    Actually I think that Iceland will make a difference!

    They are proof of what a group of aware people can do by rejecting the referendum twice (and I hope as many times as it takes!).

    Let's wish them well and follow their example.

  18. The Following 7 Users Say Thank You to Ilie Pandia For This Post:

    Limor (1st July 2011), Marikins (29th June 2011), modwiz (29th June 2011), pharoah21 (29th June 2011), seko (30th June 2011), Tane Mahuta (15th August 2011), TWINCANS (29th June 2011)

  19. Link to Post #50
    UK Avalon Member Cidersomerset's Avatar
    Join Date
    16th May 2011
    Location
    Bridgwater somerset UK
    Age
    53
    Posts
    8,521
    Thanks
    14,453
    Thanked 28,704 times in 7,084 posts

    Default Re: Iceland Declares Independence from International Banks

    Thats a good point avid I wonder if that volcano ' Eyjafjallajokull' that few can pronounce LOL ....I never thought before... Apparently it is only a minor volcano by Icelandic standards....What if that was a Haarp induced event . A shot accross the bow so to speak......Depending on events, maybe they may set off a bigger one !!! pure speculation of course....but worrying Steve

  20. The Following User Says Thank You to Cidersomerset For This Post:

    Tane Mahuta (15th August 2011)

  21. Link to Post #51
    Avalon Member
    Join Date
    28th December 2010
    Posts
    31
    Thanks
    123
    Thanked 79 times in 23 posts

    Default Re: Iceland Declares Independence from International Banks

    Many Icelanders believe in what they call elves, (you know what i'm talking about so just use your words here) and they do things like make major turns in their highway system in order to not destroy or even disturb places where said elves live.

    Im sure in return the elves have the Icelander's collective back.

  22. The Following 7 Users Say Thank You to pwn_thyself For This Post:

    amedeejp (29th June 2011), Marikins (29th June 2011), modwiz (29th June 2011), seko (29th June 2011), Tahi (3rd July 2011), Tane Mahuta (15th August 2011), TWINCANS (29th June 2011)

  23. Link to Post #52
    Avalon Member avid's Avatar
    Join Date
    19th March 2010
    Location
    NW UK
    Posts
    690
    Thanks
    4,911
    Thanked 2,315 times in 543 posts

    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by Cidersomerset (here)
    Thats a good point avid I wonder if that volcano ' Eyjafjallajokull' that few can pronounce LOL ....I never thought before... Apparently it is only a minor volcano by Icelandic standards....What if that was a Haarp induced event . A shot accross the bow so to speak......Depending on events, maybe they may set off a bigger one !!! pure speculation of course....but worrying Steve
    They should never ever dare as we are aware of the power of geo-engineering - which is in the forefront of all 'weather problems' at the moment, the diversion of storms via chemtrails, (they could have directed the wet weather to put out the fires) the hammering of the New Madrid fault (why???), but who knows???? Well definitely to trash the landscape to make it 'useless' so Agenda 21 can progress, and the Soros-backed companies can buy up the best most fertile land to plant their GMO crops ... Surely not? But backtrack on the business planning or the Soros-based/liked companies, and this was an agenda item 2 years ago - IT WAS PLANNED!!!!
    The love you withhold is the pain that you carry
    and er..
    "Chariots of the Globs" (apols to Fat Freddy's Cat)

  24. The Following 3 Users Say Thank You to avid For This Post:

    Cidersomerset (29th June 2011), seko (30th June 2011), Tane Mahuta (15th August 2011)

  25. Link to Post #53
    Canada Avalon Member TWINCANS's Avatar
    Join Date
    30th March 2011
    Location
    Pacing in the Cage
    Age
    62
    Posts
    766
    Thanks
    1,922
    Thanked 2,481 times in 633 posts

    Default Re: Iceland Declares Independence from International Banks

    Also remember that Iceland has a 400 year history of oppression by the Danes when they couldn't own land, or a boat, or trade freely or any healthcare. Thousands died evry time there was an epidemic because the people were just above starving level. Subsistence farming and overtaxed. When they were finally allowed to travel there was a Big Group that came here to Canada. That's my grtgrt grandparents story anyways. So Icelanders can take it.

  26. The Following 3 Users Say Thank You to TWINCANS For This Post:

    Marikins (29th June 2011), seko (29th June 2011), Tane Mahuta (15th August 2011)

  27. Link to Post #54
    Mexico Avalon Member seko's Avatar
    Join Date
    3rd February 2011
    Location
    tropic of cancer
    Age
    37
    Posts
    884
    Thanks
    25,369
    Thanked 3,353 times in 693 posts

    Default Re: Iceland Declares Independence from International Banks

    Talking about Iceland and how great they are, lets play some of their music. Which I think is wonderful. Relaxing.
    Name of the band is Sigur Ros. (Victory Rose) in English.


  28. The Following 2 Users Say Thank You to seko For This Post:

    Marikins (29th June 2011), Tane Mahuta (15th August 2011)

  29. Link to Post #55
    Romania Administrator Ilie Pandia's Avatar
    Join Date
    5th September 2010
    Location
    Bucharest, Romania
    Age
    30
    Posts
    5,636
    Thanks
    3,531
    Thanked 15,053 times in 2,350 posts

    Default Re: Iceland Declares Independence from International Banks

    Ah yes, Muzz, I knew there was another thread about the financial situation in Iceland. I've merged them together for more easy tracking.

  30. The Following 2 Users Say Thank You to Ilie Pandia For This Post:

    Murray (29th June 2011), Tane Mahuta (15th August 2011)

  31. Link to Post #56
    Mexico Avalon Member seko's Avatar
    Join Date
    3rd February 2011
    Location
    tropic of cancer
    Age
    37
    Posts
    884
    Thanks
    25,369
    Thanked 3,353 times in 693 posts

    Default Re: Iceland Declares Independence from International Banks

    A little more Sigur Ros, now that we are talking about Iceland. This video shows Iceland's small towns. Beautiful country.

  32. The Following User Says Thank You to seko For This Post:

    Tane Mahuta (15th August 2011)

  33. Link to Post #57
    Scotland Moderator Murray's Avatar
    Join Date
    23rd March 2010
    Age
    39
    Posts
    2,606
    Thanks
    8,664
    Thanked 6,898 times in 1,365 posts

    Default Re: Iceland Declares Independence from International Banks

    And finally the penny drops...

    Could Iceland be a model for debt-ridden Europe?

    Great news

  34. The Following 5 Users Say Thank You to Murray For This Post:

    fifi (15th August 2011), Ilie Pandia (1st August 2011), loveandgratitude (15th August 2011), seko (31st July 2011), Tane Mahuta (15th August 2011)

  35. Link to Post #58
    Scotland Moderator Murray's Avatar
    Join Date
    23rd March 2010
    Age
    39
    Posts
    2,606
    Thanks
    8,664
    Thanked 6,898 times in 1,365 posts

    Default Re: Iceland Declares Independence from International Banks

    25 Ordinary Citizens Write Iceland’s New Constitution With Help From Social Media

    The newest government in the world was designed with help from comments on the internet. God help us all. After Iceland’s economic collapse in 2008, the island nation decided it was time to write a new constitution, this one not based on its parent country of Denmark but rather made from the original ideas of its citizens. Iceland’s small population of 320,000 elected 25 assembly members from 522 ordinary candidates (including lawyers, political science professors, journalists, and many other professions), who in turn opened their process up to the public in an unprecedented fashion. The Constitutional Council was highly active on Twitter, Facebook, YouTube and Flickr, where they solicited comments and suggestions for the new government. On Friday July 29th, 2011, the Iceland parliament officially received the new constitution, comprised of 114 articles divided into 9 chapters. Set to be reviewed, and then put before vote for ratification by October 1st, the internet-assisted document marks a possible paradigm shift in governing. In the 21st Century, we’re writing our constitutions with social media. The future is a crazy place.

    read more

  36. The Following 2 Users Say Thank You to Murray For This Post:

    loveandgratitude (15th August 2011), Tane Mahuta (15th August 2011)

  37. Link to Post #59
    New Zealand Avalon Member Tane Mahuta's Avatar
    Join Date
    25th October 2010
    Location
    South Auckland, New Zealand
    Age
    52
    Posts
    860
    Thanks
    6,315
    Thanked 2,541 times in 725 posts

    Default Re: Iceland Declares Independence from International Banks

    Quote Posted by Ilie Pandia (here)
    Very interesting... let's see if they are allowed to maintain this position.

    Yes I too hope that TPTB not interfere.........like fricken leave them alone!!

    The World needs more ICE!!....

    Awesome, "touchy feelee" post

    TM
    "Seek the Truth.....and the Truth shall set you free!!!"

  38. The Following User Says Thank You to Tane Mahuta For This Post:

    Murray (15th August 2011)

  39. Link to Post #60
    Scotland Moderator Murray's Avatar
    Join Date
    23rd March 2010
    Age
    39
    Posts
    2,606
    Thanks
    8,664
    Thanked 6,898 times in 1,365 posts

    Default Re: Iceland Declares Independence from International Banks

    Some good background on this story.

    Inside Job

  40. The Following 2 Users Say Thank You to Murray For This Post:

    aonascimento (22nd August 2011), Ilie Pandia (22nd August 2011)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts