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Thread: Iceland’s Revolution Against International Bank Bailouts Goes Global

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    Iceland’s Revolution Against International Bank Bailouts Goes Global

    In April, the people of Iceland went to the polls, decisively rejecting a bailout of British and Dutch investors who lost billions in the Icesave bank in 2008. Iceland is the rare example of a nation that allowed its banks to fail in the wake of the financial crisis.

    Now it appears to be an example for the whole world, and has inspired protests in Spain and Italy, a movement called M15. Some of the movement’s slogans include, “When we grow up we want to be Icelanders,” “don’t rescue the banks,” “let the culprits pay the crisis,” “banks rob us,” and “bipartisanship is dictatorship”.

    While some in the media have characterized the movement as left-wing, it appears to be appealing to individuals across the political spectrum, young and old. One video promoting the movement spoke out against both of the major parties in Spain, the center-right Popular Party, and the leftist PSOE.

    And dispelling the notion entirely, the group’s founding website, “Real Democracy Now,” articulates a broad message for folks of all political stripes: “Some of us consider ourselves progressive, others conservative. Some of us are believers, some not. Some of us have clearly defined ideologies, others are apolitical, but we are all concerned and angry about the political, economic, and social outlook which we see around us: corruption among politicians, businessmen, bankers, leaving us helpless, without a voice.”

    This all sounds quite familiar. In this narrow sense, M15 appears to at least in part resemble America’s tea party movement. It’s a revolutionary sentiment that surpasses party factions.

    These protesters, like the tea party, oppose efforts to bail out international banks that bet poorly on housing and sovereign debt. They also recognize — and oppose — the tyranny of the few that has emerged in the wake of the sovereign debt crisis where financial institutions refuse to take any losses on their bad investments.

    Notably, the tea party has been noted for its opposition to the bailouts, whether it’s a Republican administration proposing them or a Democrat one. It was similar sentiment that knocked Republicans out of power in 2006 and 2008, only to put them back control of the House in 2010.

    Similarly, in Spain, the unrest has now seen the socialists dealt a decisive loss in the May 22 regional elections to the Popular Party. Clearly, the center-right party was the beneficiary of the dour economic situation in Spain.

    But, that victory will likely not be long-lasting if that party cannot follow through on its promises of reform. In Ireland, Fine Gail was catapulted back into power on the promise to end the bank bailouts. But after that nation’s central bank said they would need another €24 billion to stay afloat, Prime Minister Enda Kenny went back on his word and stepped in to prop up the banks, earning the enmity of the Irish people who oppose the bailouts.

    In Finland, the True Finn Party achieved an historic 19 percent of the vote in the latest elections opposing bailouts of sovereigns like Portugal, Ireland, and Greece, rising from its relatively obscure 4 percent showing in the prior election.

    Because of special rules in Finland that allow its parliament to vote on European Union decisions, the True Finns were in a unique position to stop the European Union €78 billion bailout of Portugal. That was because Social Democrats there had demanded that bondholders of Portuguese debt take losses in exchange for the bailout. Without their support, the deal was in doubt.

    But, like Fine Gail in Ireland, the Social Democrats have now gone back on their word against bailing out Portugal and the banks that lent them billions. Now, the Finnish parliament has approved the bailout with the Social Democrats’ help, and the True Finns will likely benefit from this betrayal in future elections.

    Here in America, as citizens attempt to persuade their leaders to regain control of the nation’s finances with a $14.3 trillion national debt, the largest in the world, they too have been frustrated at the apparent lack of progress made. They were promised $100 billion of spending cuts in 2011 by Republicans, only to see that reduced to $61 billion, and again reduced by a deal to cut $38.5 billion in spending authority that only resulted $352 million in net cuts for the year.

    If Republicans cannot find a way to rein in the unbridled spending and borrowing in Washington — which benefits the same international banks that are so unpopular in Europe with hundreds of billions of dollars of interest payments — their newfound majority may not be long-lived.

    They might learn a thing or two from the Icelandic revolution that is spreading throughout Europe. The primary lesson is to listen to the will of the people, or endure their wrath at the polls. Because the people are in charge, not the banks.
    Source http://netrightdaily.com/2011/05/ice...s-goes-global/

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    There is a reason that the Movements in various countries appear to be similar. No matter what you call it "M15" "Tea Party" or what have you. Fact is Fractional Reserve Banking has hit the wall, as a viable option.

    Most people in most countries including Iceland are feeling the pressure of being given paper for their labor and then being doled back what the international Bankers feel is right for them to have.

    Reality is we are entering a new era of economics. The old rules may no longer apply.

    The Icelanders were right though to let these banks fail, that is basically the laws of economics working to get rid of business which are poorly managed.

    I think the next step we will see if, Iceland or any other country will catch on when it comes to developing smaller more localized industry as opposed to relying on international industry.

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    Senior Member Leof's Avatar
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    What really bothers me is how few people truly ask themselves where all that money went. Trillions of dollars is missing from the world economy and not a single blood hound is dispatched. This is troubling to say the least.

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    Quote Originally Posted by Leof View Post
    What really bothers me is how few people truly ask themselves where all that money went. Trillions of dollars is missing from the world economy and not a single blood hound is dispatched. This is troubling to say the least.
    We investigated it in Norway, the bankers might already started to plan the bank crisis as far back as in 1999. Translated articles:

    http://translate.google.com/translat...999%253F%C2%BB


    http://translate.google.com/translat...kt%2F1.6322990

    Recommended reading, even though google translate sucks.

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    It's interesting how, in the controlled press, there are attempts to portray the anti-banker movement as a "left-wing" phenomenon with the intention no doubt being to split the population and persuade the "right-wingers" to distance themselves from it.

    Isn't this a perfect example of how a false left/right paradigm has been created and successfully maintained for decades and when will the public finally realise that there's no such thing? - it's them versus the Establishment, run by an elitist cabal of International bankers!!!

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    In Iceland these bankers bought all the media. Pretty clever...

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    Hersir, it doesn't look anything like the tea party of the United States because the tea party here sold themselves out a long time versus the Icelandic movement that has not.

    I wish nothing but the success of the Icelandic people.
    National Socialism is the only salvation for Germanics and Europids everywhere. Capitalism, libertarianism, and communism is the enemy.

    National socialized collectivism must prevail over radical individualism.

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    Eala Freia Fresena
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    the actual debt in the US without all the trickery to hide it is about 75 trillion USDollar.
    75,000,000,000,000 $

    Which means any head in the US has a debt of around 220,000 Dollar.

    With the change of the bankruptcy laws (its being made more difficult) the stance to enslave the people of the US is getting closer. The whole wealth, inlcuding the land might just go into the hands of jewish central bankers so they control everything. They have a short time to establish that before the whoe currency drashes and their paper-shit is worth nothing. After the crash without getting the wealth the whole thing does not make sense. I assume that is why the current mad dash to the inferno is so valid. they also have trouble in the US because they chose an imbecile negro as President who obviously is so dumb that he can't even do what the NWO is expecting of him.

    There is some (planned) chaos ahead and it seems the central bankers aren't ready for the sh*t they started. They try desperately to delay the crash (the Dollar has to be the last currency to go down) that they have to create a lot of desasters to divert the attention so they can go ahead faster with their measures.

    It seems to me that the awakening of the people threw a wrench into the transmission which now causes them trouble. Addition there is some introfractional wars going on which seem also out of control.

    As Goethe once said: 'The spirits I called in, how do I get rid of them now?'

    Seems we are all going to crash down, including the bankers.
    weel nich will dieken dej mot wieken

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    Eala Freia Fresena
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    The transformation of nation-states into companies which lend money and have to give securities is almost complete. That means there will be no more states, but companies 'citizen' are part of and therefore also part to the debt, the corrupt politicians created. That means they will be after your personal wealth in order to steal from you and render you powerless and enslaved. You will have to work for them and being kept barely alive.

    Seems that is the plan.
    weel nich will dieken dej mot wieken

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