ICELAND'S Economy now growing FASTER than the U.S. and EU after arresting corrupt bankers | |
Anonymous Coward User ID: 25305051 United States 10/10/2012 11:45 AM Report Abusive Post Report Copyright Violation | The USA had the opportunity to do the same...let the gambling banksters Quoting: Torchbearer fail... and arrest the criminals. By electing RON PAUL president, then auditing the Federal Reserve... demonstrating the rampant corruption of the banksters... we could soon be on the path to sustainable growth and prosperity without war. Instead...the American public has been quaffing their allocation of brew, eyes glued incessantly to sporting events of all kinds, and contemplating the lint in their navels. So now we will be facing a " Perfect Storm of Ugly "... with a rapidly devaluing currency, disappearing jobs, and a ramped up police state. This proves the voting system is broken and corrupted. |
Anonymous Coward User ID: 19559803 United States 10/10/2012 11:50 AM Report Abusive Post Report Copyright Violation | You can't really compare US economy with Iceland's economy. US is a flagship of the world, like it or not, and Iceland is one of the tiniest fractions. It doesn't mean they can't do well but blindly use the same methods on scale of US is idiotic to say the least. Quoting: Anonymous Coward 1544773 BULLSHIT |
Anonymous Coward User ID: 25297521 Germany 10/10/2012 11:52 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25187362 Portugal 10/10/2012 11:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25187362 Portugal 10/10/2012 11:55 AM Report Abusive Post Report Copyright Violation | |
Terpsichore User ID: 21559870 United States 10/10/2012 12:04 PM Report Abusive Post Report Copyright Violation | The government could have just redirected the bailout to the clients, not the institutions in order to stave off systematic destruction. Immediate foreclosures should have been limited to only those who never should have qualified in the first place. Wash the mortgage foreclosure from their record and return to their previously and already poor credit rating instead of making it worse. Anyone during the bubble who eventually couldn't pay should still have been foreclosed on, but credit protected. Then very basic credit requirements and income levels should have been instituted for future loans to consumers. Quoting: Anonymous Coward 25283351 Then the big banks should have been splintered into piece meal and sold off in the free market in a way that would not have allowed them to be clumped together anytime soon. During this time, the Treasury could have taken over "the Fed" and finally regulate it and audit it. Competition would have ran rampant ( good for consumers) and the new splintered banks would more than likely focus on investing into small business. And those who bought during the bubble with pristeen credit and great paying jobs with 40% cash down, only to see losses of equity in the level of 400% in under 4 years? then job loss, what about those peeps? |
Anonymous Coward User ID: 20886100 United Kingdom 10/10/2012 12:05 PM Report Abusive Post Report Copyright Violation | Bankers took the money and tried to stick the people with the bill. Talk to the banks. The banks probably did take the money, but by not standing by its commitments the Icelandic govt shafted UK savers and taxpayers. The Icelandic govt was happy to tax the banks who were taking money from UK savers and live off the good times that flowed from it. |
Anonymous Coward User ID: 25305051 United States 10/10/2012 12:08 PM Report Abusive Post Report Copyright Violation | Bankers took the money and tried to stick the people with the bill. Talk to the banks. The banks probably did take the money, but by not standing by its commitments the Icelandic govt shafted UK savers and taxpayers. The Icelandic govt was happy to tax the banks who were taking money from UK savers and live off the good times that flowed from it. Why should the people pay for the bankers crimes? I'm sorry for the other people's losses. Maybe they should sart stripping wealth from bankers and return it to the people they stole from. |
Mr. D User ID: 4603964 United States 10/10/2012 12:10 PM Report Abusive Post Report Copyright Violation | Bailing out the people means way less or no taxes at all. All that cash will flow into the system anyways. Of course gubberments will have to become extremely small (as was intended in the first place). As for the debt, it is the peoples money that was lent to corporations, banks and governments which of course they try to say that it is the peoples debt now. Delete the debt, it's all 1's and 0's anyway.....an easy fix with the simple push of the delete button on the banksters computers. |
Anonymous Coward User ID: 11899033 Netherlands 10/10/2012 12:20 PM Report Abusive Post Report Copyright Violation | |
Hypertiger User ID: 12277324 Canada 10/10/2012 01:15 PM Report Abusive Post Report Copyright Violation | The US was "saved" and that is why Iceland is doing so good. In 1944 the USA was made the demand of the world. With everyone else the supply. the goods and services globally flow because of the consumers of the USA. Whne the USA slows down...the rest of teh world collapses. 911 was the end of the 1971-2001 new economy. from 2001 until 2008...was the changing of the rules to sustain the war against deflation. It's a controlled collapse. Because after the roaring 6 decades...The US consumer is maxed out and can no longer be the supply of the demand of the global trade system. Iceland is a small country that is a net exporter that the net importers depend upon. In the absolute capitalist hierarchical food powered make work enterprise. The net producers take more than they give from the Earth/Universe and the net consumers take more than they give from the net producers. If the net producers of power stop supplying power for any reason. The net consumers will suffer serious negative consequences. So Iceland has to be treated better. Greece is not a net exporter. |
Log in User ID: 25315376 Canada 10/10/2012 01:42 PM Report Abusive Post Report Copyright Violation | A Fiat currency , by its definition of not being backed by nothing accept your gulability , when duplicated to perfection ( the ' serial number ' gimick is irrelevant ) can be used as the same face value as the original . |
Chrit User ID: 15366081 United States 10/10/2012 01:57 PM Report Abusive Post Report Copyright Violation | Iceland’s economy crashed worse than any in the world so yes it is growing but they are still only worth a tiny fraction of what they used to be worth. The banks walked away with ALL the money and ALL the land holdings leaving the people of Iceland nothing. When the banks stopped loaning to Icelanders they instead started loaning to outside investors came in and bought up the assets of the country, they are now being used to prop up the euro zone; the whole country is being fleeced royally. We have a country that is “growing” because they were at rock bottom and now are a play zone for European banks! The banks want you to believe this is a good thing. This is Iceland’s stock market; they are currently floating around 645, little different form the 9000 they used to be worth. Also way lower than the 1000 points they were floating stable at in 1999, but if the people of Iceland believe it is good, then it is good. It’s all a mind game put on by the investors. [link to www.tradingeconomics.com] I'm only human, it's my biggest flaw. We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three. |
Anonymous Coward User ID: 25298747 Poland 10/10/2012 02:04 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25310411 Germany 10/10/2012 02:19 PM Report Abusive Post Report Copyright Violation | |
Chrit User ID: 15366081 United States 10/10/2012 02:30 PM Report Abusive Post Report Copyright Violation | Island is the way to go. Quoting: Anonymous Coward 25187362 Portugal, Spain, Italy, Greece and Ireland WILL follow their plan. EU is fucked. Done. Corrupts in JAIL now. who cares. The German is correct! You bought in to the EU and they used it to put you in debt, now they want you to pull out so they can acquire more hard assets at a highly deflated rate when you try to implement your old currency’s back. Go ahead buy in to the lie; let the German bankers buy out Portugal so they can tell you you’re better off now. You’ll learn the truth the hard way. I'm only human, it's my biggest flaw. We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three. |
Anonymous Coward User ID: 787724 United States 10/10/2012 02:37 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23813588 India 10/10/2012 03:04 PM Report Abusive Post Report Copyright Violation | Bernanke is awesome. The more money he prints, the more the USD inflates. Which means the US makes money in the expense of savers and lenders, who at the moment are primarily China and Japan. China and Japan have no way out of this cycle, because they need the USD to buy oil. Bernanke and Co. are geniuses. Quoting: Anonymous Coward 525676 They are not geniuses anymore. Russia and China announced on the 6th Sept they are going to stop trading oil in Dollars. Other countries are following suit. The 6th of Sept 2012 was the day the Dollar started dying. |
Anonymous Coward User ID: 532034 Puerto Rico 10/10/2012 07:25 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8443185 United States 10/23/2012 03:31 PM Report Abusive Post Report Copyright Violation | |
Digital mix guy User ID: 26162130 United States 10/23/2012 03:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8443185 United States 10/23/2012 03:32 PM Report Abusive Post Report Copyright Violation | |