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*** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***

 
Anonymous Coward
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11/28/2010 08:45 AM
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*** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.

The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “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.”


[link to blacklistednews.com]



Look people, there's a lesson here. The banks and too-big-to-fail businesses because insolvent thru open criminal activity. The only reason they are being bailed out is because they are so intertwined in the politics of many nations.

This is a artificially manufactured crisis designed to shift the wealth from the lower and middle class to the elite. Are we going to let them win?
Once4All
The Truth Is Clear To Everyone!

User ID: 1176604
United States
11/28/2010 08:48 AM

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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
WoW!!!



USA should have done the same thing!



That's why we call them banksters!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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11/28/2010 09:06 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Good on Iceland! Where our our leaders? Fatcat luncheons?
Anonymous Coward
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United States
11/28/2010 11:47 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
bump

For truth!
Anonymous Coward
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United Kingdom
11/28/2010 11:50 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Thread: Majority of Irish people want their country to default on debt.....
Anonymous Coward
User ID: 1177337
United States
11/28/2010 11:53 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Bailout

another word for 'loot the people to death'

.
Anonymous Coward
User ID: 1177145
Portugal
11/28/2010 11:54 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
yoda They are strong people! PIN THIS!!!
Anonymous Coward
User ID: 1177132
Croatia
11/28/2010 11:59 AM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
CRASH THE SYSTEM!!! DO IT NOW!!!
Anonymous Coward
User ID: 1176179
United States
11/28/2010 12:06 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Our banks ( US) support the capital markets of the whole world. Iceland's banks support a whaleing ship and crew.
Apples to oranges.
Anonymous Coward
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United States
11/28/2010 12:10 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Our banks ( US) support the capital markets of the whole world. Iceland's banks support a whaleing ship and crew.
Apples to oranges.
 Quoting: Anonymous Coward 1176179





Our banks (US) and our "government" loot the capital markets of the whole world. Iceland's banks and government represents and supports their people. Apples to oranges.

There, I fixed it for you.
Anonymous Coward
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Greece
11/28/2010 12:16 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
I wouldn't be so eager to declare triumph. Iceland has a 4 million loan from IMF...
Anonymous Coward
User ID: 1177352
United States
11/28/2010 12:19 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
I wouldn't be so eager to declare triumph. Iceland has a 4 million loan from IMF...
 Quoting: Anonymous Coward 1175448





The IMF is an international fraud. Proven by whistleblowers on the inside.

Iceland simply needs to repudiate the debt. After all, being defrauded is a perfectly good reason to reject the debt.
Anonymous Coward
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United States
11/28/2010 03:11 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
bump
Anonymous Coward
User ID: 1177449
Spain
11/28/2010 03:14 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
WoW!!!




 Quoting: Once4All

pin
Anonymous Coward
User ID: 1172054
United States
11/28/2010 03:21 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
I wouldn't be so eager to declare triumph. Iceland has a 4 million loan from IMF...
 Quoting: Anonymous Coward 1175448


History shows without exception that the bankers will simply hire military tyrants in such cases. There is always some dickhead who will take a few coins and kill his fellow man, so the coin-holders can pick from their choice of destruction. BUT the wild card is that Icelanders know how to lay low and dig deep like the Indians. So if they get a little support, they could theoretically survive every tyrannical means the IMF tries to apply in collection.
Nostrad00mus

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Canada
11/28/2010 03:25 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Amazing. Full props to Iceland.
Anonymous Coward
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United States
11/28/2010 03:26 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
I wouldn't be so eager to declare triumph. Iceland has a 4 million loan from IMF...


History shows without exception that the bankers will simply hire military tyrants in such cases. There is always some dickhead who will take a few coins and kill his fellow man, so the coin-holders can pick from their choice of destruction. BUT the wild card is that Icelanders know how to lay low and dig deep like the Indians. So if they get a little support, they could theoretically survive every tyrannical means the IMF tries to apply in collection.
 Quoting: Anonymous Coward 1172054




What are you talking about? The indians got wiped out.
Anonymous Coward
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United States
11/28/2010 03:28 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
Our banks ( US) support the capital markets of the whole world. Iceland's banks support a whaleing ship and crew.
Apples to oranges.
 Quoting: Anonymous Coward 1176179


And the 1.5 quadrillion derivative bullshit.

The difference; you can use a whaling ship to catch whajes but all you can do is burn paper securities that are worthless.
Anonymous Coward
User ID: 702728
United States
11/28/2010 03:28 PM
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Re: *** Iceland free of debt and no financial crisis -- they allowed the banks to FAIL ***
wait how does that work.. suppose bank of America crashes and all my savings go to zero.. or in case of some one who has worked all his life and saved up almost 700 t0 800 thousand lost all of it but 250K.. wouldnt the US go bezerk ppl lost that money and govenment just says oh we didnt bail them out.. That would be truly insane.

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