What the media is not telling you....Icelandic
people successfully got themselves out of
financial ruin. The elite international
financiers wouldn't want this strategy to
spread. Can you imagine if it did. It would probably cause JUBILEE!
http://www.positivenewsus.org/editions/fal11/fal1105.html
Iceland’s On-going Revolution
We may remember that, at the start of the 2008
financial crisis, Iceland literally went
bankrupt. The reasons were mentioned only in
passing, and since then, this little-known member
of the European Union seemed to drop out of the news.
As one European country after another faces near
bankruptcy, imperiling the Euro, Iceland becomes
a beacon of hope for choosing people over profit. Here’s why:
Five years of a neo-liberal regime led to a
privatization of all banks in Iceland,
(population 320 thousand, no army). In order to
attract foreign investors, these banks offered
on-line banking whose minimal costs allowed them
to provide relatively high rates of return.
The accounts, called IceSave, attracted many
English and Dutch small investors. As investments
grew, so did the banks’ foreign debt. In 2003
Iceland’s debt was equal to 200 times its GNP, and in 2007, it was 900 percent.
The 2008 world financial crisis became the coup
de grace. The three main Icelandic bankswent
belly up and were nationalized, while the Kroner
(Iceland’s currency) lost much of its value with
respect to the Euro. At the end of that year, the country declared bankruptcy.
Citizens reclaim their rights
Contrary to world expectations, the crisis led to
the people taking over their country, through a
process of direct participatory democracy. This
eventually led to a new Constitution, but only after fierce perseverance.
Geir Haarde, the Prime Minister of a Social
Democratic coalition government, negotiated an
over two million dollar loan, to which the Nordic
countries added another two and a half million.
But the foreign financial community pressured
Iceland to impose drastic measures.
Protests and riots followed, eventually forcing
the government to be replaced by a newly formed left-wing coalition.
The coalition eventually gave in to the outside
demands that Iceland pay off a total of three and
a half million Euros. This would require each
Icelander to pay $130 per month for fifteen
years, at 5.5% interest, to pay off a debt
incurred by private parties vis-à-vis other
private parties. It was the straw that broke the reindeer’s back.
What happened next was extraordinary. The belief
that citizens had to pay for the mistakes of a
financial monopoly, that an entire nation must be
taxed to pay off private debts was shattered.
Enlivened relationships between citizens and
their politicians empowered Iceland’s leaders to
act on the side of their constituents. The Head
of State, Olafur Ragnar Grimsson, refused to
ratify the law that would make Icelanders
responsible for bankers’ debts, and supported calls for a referendum.
International community furious
The world only increased the pressure. Great
Britain and Holland warned of dire reprisals that
would isolate the country including cutting off
aid from the IMF and freezing Icelandic foreign bank accounts.
In the March 2010 referendum, 93% voted against
repayment of the debt. The IMF immediately froze
its loan. But Iceland would not be intimidated.
As Grimsson said: “We were told that if we
refused the international community’s conditions,
we would become the Cuba of the North. But if we
had accepted, we would have become the Haiti of the North.”
With the support of a furious citizenry, the
government launched civil and penal
investigations into those responsible for the
financial crisis. As a result, the former finance
minister served a two-year prison sentence while
Interpol put out international arrest warrants
for bankers implicated in the crash.
Icelanders did also agree on certain budget cut
measures such as disbanding their military
infrastructure - the Icelandic Defense Agency
(IDA), ceased to exist in January ‘11.
Iceland’s New Constitution
In order to free the country from the exaggerated
power of international finance and virtual money,
the people of Iceland decided to draft a new constitution.
They elected twenty-five citizens from among 522
adults not belonging to any political party but
recommended by at least thirty people. The
constituent’s meetings were streamed on-line, and
citizens could send their comments and
suggestions, witnessing the document as it took
shape. The constitution that emerged from this
participatory democratic process was submitted to
parliament for approval this fall.
The people of Greece have been told that the
privatization of their public sector is the only
way to keep the nation afloat. The people of
Italy, Spain and Portugal are facing similar
pressures. They, and the rest of us could learn a
lot from Iceland, refusing to bow to foreign
interests and stating loud and clear that the
people can and will take their power back.
More Information:
www.stjornlagarad.is/english/
--
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http://www.reinvestigate911.org/
http://www.thisweek.org.uk/
http://www.911forum.org.uk/
"Capitalism is institutionalised bribery."
_________________
www.abolishwar.org.uk
<http://www.elementary.org.uk>www.elementary.org.uk
www.public-interest.co.uk
www.radio4all.net/index.php/series/Bristol+Broadband+Co-operative
www.facebook.com/media/set/?set=a.1407615751783.2051663.1274106225&l=90330c0ba5&type=1
<http://utangente.free.fr/2003/media2003.pdf>http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic
poison which alienates the possessor from the community" Carl Jung
<https://217.72.179.7/members/www.bilderberg.org/phpBB2/>https://217.72.179.7/members/www.bilderberg.org/phpBB2/
Fear not therefore: for there is nothing covered
that shall not be revealed; and nothing hid that
shall not be made known. What I tell you in
darkness, that speak ye in the light and what ye
hear in the ear, that preach ye upon the housetops. Matthew 10:26-27
Die Pride and Envie; Flesh, take the poor's advice.
Covetousnesse be gon: Come, Truth and Love arise.
Patience take the Crown; throw Anger out of dores:
Cast out Hypocrisie and Lust, which follows whores:
Then England sit in rest; Thy sorrows will have end;
Thy Sons will live in peace, and each will be a friend.
http://tinyurl.com/6ct7zh6
--
Please consider seriously the reason why these elite institutions are not discussed in the mainstream press despite the immense financial and political power they wield?
There are sick and evil occultists running the Western World. They are power mad lunatics like something from a kids cartoon with their fingers on the nuclear button! Armageddon is closer than you thought. Only God can save our souls from their clutches, at least that's my considered opinion - Tony
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