Iceland's Voters About to Tell Global Banksters to Shove It

Iceland's Voters About to Tell Global Banksters to Shove It

www.economicpolicyjournal.com

A vote is set for Saturday in Iceland on a referendum that would require Iceland to pay funds to the U.K. and the Netherlands based on U.K. and Netherlands investors who lost money because of the collapse of an Icelandic bank.

The EU (based on some complicated rules) wants the residents of Iceland to bailout depositors in the United Kingdom who deposited money in an Icelandic bank that opened a subsidiary in the UK and then failed.The tab is £3.5 billion. The population of Iceland is 320,000

(visit the link for the full news article)

I think the Icelandic people do a great job when the vote against the bankers of the UK and the Netherlands. It would be completly b.s. to make those people pay for the mistakes of a handfull of people at the top of the banking cabbal.

I wish the Icelandic people all the strenght they need to make those votes count.

Peace.


www.economicpolicyjournal.com
(visit the link for the full news article)

reply to post by Nightofthehowlingwolf


Who owes the bankers that money, not the citizen of Iceland i think. The central bank of the countries involved must have seen it coming. Not the people of Iceland. It is not their fold and yet they would become in so much debt they could never repay it.

Peace

[edit on 6-3-2010 by Vincent84]

Good for the people of Iceland. They need to liberate themselves from the shackles of their corporate masters, start by not paying those bumbs. It's not the people who screwed up their country so why should they have to pay for it?

S/F

Im glad, you're from Holland and not backing the Nederlands!!

Gotta love it when people have to pay for other peoples mistakes... if you're the one who made the mistake...

POWER TO THE PEOPLE OF ISLANDIA!!

stick it too them, icelanders!!, the banks here in britain have become too powerful, both of the main political parties are subservient to them and their interests, they rule britan now, arrogant greedy and untouchable. they are the scum of the earth.
show the world they can be defied, stick 2 fingers up at the buggers, and tell them to p!$$ off!

There is only one way to stop these corporate bankers and put them in their place. Many nations are falling pray to them by being subservient, this is what we need to do in all democracies. We need Direct Democray .

Direct democracy, classically termed pure democracy, is a form of democracy and a theory of civics in which sovereignty is lodged in the assembly of all citizens who choose to participate. Depending on the particular system, this assembly might pass executive motions, make laws, elect or dismiss officials, and conduct trials. Direct democracy stands in contrast to representative democracy, where sovereignty is exercised by a subset of the people, usually on the basis of election. Deliberative democracy incorporates elements of both direct democracy and representative democracy.

en.wikipedia.org...

Instead of letting our corrupt politicians have all control we could hand many of the critical votes to the people, because you can't buy the whole country. Then again they owne the media so they would launch a full scale brainwashing campaign, maybe it wouldn't work. Darn it, they are unstoppable!

I don`t think that the people of Iceland should pay...But it is clear that there must be a compensation for the investments made...i belive that the matter should be settled in a way either by a loan that will be repayed by iceland as result of it`s growth...or through a way of diminishing the value to be repayd by way of agreement...

Wow isnt Iceland broke because of thier investing in american and uk junk ventures? From what I here they have already been ripped off.

reply to post by Ridhya


I will stick to justice not the Netherlands in particular. This time the people in Iceland need justice from greedy banksters. I mean if a bank is not worth the money invested the Central Banks need to take actions, they didn't so the people of Iceland who have nothing to do with that have to pay. The world becomes much more logic these days.

The system is wrong is my conclusion about all of this. It needs to be replaced with something completely else. This is a different discussion so i stop with that quote.

Peace

Originally posted by Logarock
Wow isnt Iceland broke because of thier investing in american and uk junk ventures? From what I here they have already been ripped off.

No, Iceland is broke because of corruption, plain and simple. The people should not be made to pay for this... the corrupt leaders SHOULD. Investigate before you spout off ignorant comments like this. Sorry to be so abrupt but comments like this really, really irk me.

Financial collapse: Confidential exposure analysis of 205 companies each owing above EUR45M to Icelandic bank Kaupthing, 26 Sep 2008

the son of the Reykjavík District Commissioner, Guðjón Rúnarsson, is head of the Icelandic Financial Services Association and one of the top spokesmen for the failed banks. Among other things, he has fought to have the state’s Housing Financing Fund [which supplies the general public with affordable mortgages] abolished so that the banks could have exclusive dibs on the mortgage market.

Another son of the District Commissioner is Frosti Reyr Rúnarsson, who just happens to be the former head of Kaupthing’s securities brokerage division and one of the recipients of Kaupthing’s infamous bullet loans.[1]

An article in Visir based on this document revealed that loans made to the core investors of Kaupthing [the brothers Ágúst and Lýður Guðmundsson], and companies owned by them, amounted to some ISK 300 billion [USD 2.3 bn / EUR 1.6 bn].

Robert Tchenguiz, a member of the board of Exista [owned by the brothers] received loans of some ISK 330 billion.

Ólafur Ólafsson, he who once flew in Elton John to perform at his birthday bash [and who is associated with shipping company Samskip], received a loan of some ISK 140 billion.

Companies associated with the Baugur family received a loan amounting to some ISK 320 billion at the current rate of exchange.

The largest loans are to, effectively, Kaupthing itself. Exista was a major Kaupthing shareholder.

[edit on 6/3/2010 by Iamonlyhuman]

Hi , everyone .

I'm from Iceland so if there are any questions you'd like answered about the Icelandic situation then go ahead.

I personally chose not to partake in this vote, I did however partake in taking down the previous government as that's more my style.

Originally posted by olivi
I don`t think that the people of Iceland should pay...But it is clear that there must be a compensation for the investments made...i belive that the matter should be settled in a way either by a loan that will be repayed by iceland as result of it`s growth...or through a way of diminishing the value to be repayd by way of agreement...

Investments are gambles. The investors lost. Game over.

Go Iceland! It is time to break this banking cartel and send them to the poor house. People need to understand that we do NOT need the banks to enjoy the fruits of our labor. I am hopeful that this is just the first step in people foresaking this corrpt system!

If they had the same vote in the US, the banks would have not received a bailout.

But remember who pushed congress to vote for it? OBAMA and BUSH.

Doesn't matter that 90%+ of americans were against it... OBAMA AND BUSH MADE SURE IT PASSED.

GO ICELAND!

[edit on 6-3-2010 by Vitchilo]

All these banking issues.....

Makes me sad to live on this planet sometimes.

Iceland:

Thought I'd share with you guys the BEST bank in any country:

[atsimg]http://files.abovetopsecret.com/images/member/8a7e9f557548.jpg[/atsimg]




[edit on 6-3-2010 by pyrael]

I applaud the people of Iceland just as I do the people of Greece and others around the world who are FINALLY taking notice of how their futures are at stake because of the hands of a greedy few.

I hope it works out for them. I think everyone should as well. If we are going to defeat these criminals we have to see past national, ethnic, and religious differences.

Whether you are an Icelander, Greek, American, Iranian - we all face the same fate once these bankers accomplish what they want to accomplish. If we do not see past these petty differences and use our very great strength in numbers, we deserve what we have coming to us.

Originally posted by Iamonlyhuman

Originally posted by Logarock
Wow isnt Iceland broke because of thier investing in american and uk junk ventures? From what I here they have already been ripped off.

No, Iceland is broke because of corruption, plain and simple. The people should not be made to pay for this... the corrupt leaders SHOULD. Investigate before you spout off ignorant comments like this. Sorry to be so abrupt but comments like this really, really irk me.

[edit on 6/3/2010 by Iamonlyhuman]

Dont care if it irks you. There were many average joe investors that lost large sums buying into the same things that lost money for folks around the world, that what I was talking about.

So iceland is rotton at the top just like the US and UK whats new.

Fair play to the Icelanders - Tell them to beat it.

I can't see how the Icelandic people can possibly be acountable for the mistakes and corruption of the few at the head of their banks and government. Greed corrupts and the Icelandic people are in the firing line instead of the real culprits that perpetrated those crimes.

The mugs that invested the cash and then gambled it should be the ones pay the price. Yet in the good ol UK the perpetrators keep their jobs even though they commited numerous crimes and frauds, all whilst basking in the huge bonuses payed to the lucky gamblers! This is still happening - WTF!?

We are with you Iceland!