When I was in the military I was fortunate enough to visit Iceland…..never saw so many REAL blondes and redheads in my life…….gorgeous scenery (wink)…..great people and a crime rate so low it would scare most Americans….I liked Iceland…but until recently I never realized how much I liked it…..
FOR THE second time in two years, the people of Iceland have voted in a referendum against the repayment of Icelandic banks’ supposed debt to Britain and the Netherlands.
In an article written by Jason Netek:
In response, the British and Dutch governments are preparing to sue the Republic of Iceland for the sum of 4 billion euros in an effort to win back money lost by their own citizens in failed Icelandic banks during the financial crash of 2008. But having failed in the court of public opinion, Britain and the Netherlands now intend to move into a regular courtroom, where judgments and the will of the people share a less cozy relationship.
It makes perfect sense that a population which overthrew a government for its relationship with the banksters would continually reject any plan to force them to assume the role of a mass insurance agency for private banks. Such important matters as global finance are never intentionally left to the democratic process for the same reason a burglar does not first seek the consent of a homeowner before breaking a window and making off with the silver. And the legal action against Iceland by Britain and the Netherlands is like lawsuit filed by a burglar who cut himself on the glass during a break-in.So after standing up to their own domestic ruling class hell bent on living large at their expense, the majority of Icelanders may soon find themselves in an even more complex struggle, squaring off against two foreign governments struggling to force their own populations to pay for their own bankers’ misdeeds.
The American people need to take a page from the Icelandic playbook…..we need to tell the banksters that we are sick of paying their dues and they buying our government……maybe my friend and reader in the UK, Quin of Quintessential Havoc (my blogroll will get you to his interesting site…visit often….) can give me some insight on the UK’s point of view on this situation…..there may be more to this story than I have seen….
Hi…you might also want to see my post on this:
http://rpalat.wordpress.com/2011/04/20/iceland-an-independent-people/
Welcome Ravi and thanx for the link……
Very nice. I like that Iceland told the UK and the Netherlands to piss off.
Like I say…there may be more to this than is reported and I will try to keep an eye on it….
Very interesting chuq. I was not aware any thing of this sort was going on. very cool post.
Thanx Phillip…I try to find other stuff to write on…other than the antics of the caged monkeys in Washington….
Yes, it’s more or less as you reported. What is NOT plain is that the principle investors who got their fingers burned were local authorities and pension funds. They invested OUR money in the Icelandic banks who were offering huge interest rates at the time (if it seems to good to be true it probably is – duh!).
What few have asked is a simple question: Why did people like local councils in the UK have money to invest when they are always increasing local taxes and claiming to have NO FUNDS?
Personally, I think Iceland is quite right – or its people are at least. It’s about time the UK told the EU to f*ck off too, with its incessant demands to bail out the Euro and half of Europe including Ireland, Portugal, Greece and probably Spain next.
As far as I’m concerned, if people find themselves in a cesspit because they walked around with their head up their collective ass, screw ’em! Let them dig THEMSELVES out!
Quin, thanx for the input…….I see that the EU wants a 4% increase to their budget…..(off topic, sorry)……But will the UK stand by the EU?