A salute to a free Iceland for boldly telling the international mob banksters to go stuff it. “The state did not shoulder the responsibility of the failed private banks” Iceland President Olafur Grimsson told Bloomberg Television. “Taxpayers should not be responsible for paying the debts of a private institution”
For the second time the Icelandic people have rejected the demands from the U.K. and the Netherlands to pay billions of pounds and euros to the British and the Dutch by way of a loan offered at 3 percent interest until the year 2046, along with admission into the EU.
The demands are supposed ‘payback’ resulting from bank losses suffered during Iceland’s financial crisis of 2008 when the Icelandic people and government felt they should bear no responsibility for the losses that foreigners endured. The ‘private’ banks during that time had debts near 120 billion, 10 times the GDP of Iceland itself. Iceland refused to bail them out and in turn, let them fail.
This latest ‘offer’ from the Brits and the Dutch was soundly rejected by the Icelandic people who insist on independence from the international bankster institutions who themselves have no interest in borders, nations, or independence.
Perhaps the time has come for the nations of the world to issue themselves debt free currency instead of borrowing money printed from private banks. After all, the United States used to do it, before the birth of the Federal Reserve Bank in 1913. Every dollar printed into existence (paper or digital) is born into debt because of the way this system works.
Perhaps governments should not get involved with the private sector and too-big-to-fail policies. Why should the people, who pay the government, pay for the risky behavior and losses of international conglomerations who themselves could care less about the people or the nation itself? Just doesn’t seem right does it…
Could it be that ‘the people’ have now for the most part, isolated their real enemy, a common enemy amongst many nations people — the central banksters?
Revolution is sparking up all over. The banksters in their house-of-cards built with quadrillions of dollars of teetering leveraged promises must know that the gig is about up… Like a cornered rat, they are dangerous, and will surely fight back. Except they are outnumbered.
From netrightdaily.com, “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.”
So now that Iceland has slapped down the international powers-that-be, what will be the retribution dished back? Time will tell.
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