Finally serious economists are trying another approach to banking since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.
The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.
If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a major Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.
This is TOTAL MEDIA CENSORSHIP and a TOTAL MEDIA BLACKOUT, and it should tell you who owns and runs the Media in America.
We are allowed to see a tortured, bleeding, dying Gaddafi anywhere, but we are not allowed to know about Debt Forgiveness.
If you Google “DEBT FORGIVENESS” About 1 million 850 results. Not one of them talks about forgiving debt. Okay, 1 does.
But still, out of over a million and a half results.
The MAINSTREAM MEDIA totally censors anything to do with Debt Forgiveness.
The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sink one of the most prosperous economies in 2008.
Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused.” This is awesome. Iceland is forgiving and erasing the mortgage debt of the population. They are putting the bankers and politicians on the “Bench of the Accused.” Which means I assume they are putting them on trial for corruption.
Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations. The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the parasite bankers and out of the economy, great idea. If it was warmer I’d move to Iceland.
This could very well be the first chime of many to signal the Death of the World Banking System headed by our ‘good’ friends the Rothschild’s. Iceland Strikes the First Major Blow Against the World Banking (Fraud) Cartel. This is what can immediately put money into the hands of many American’s.
The Us Government through Fannie Mae, Freddie Mac and FHA own 96% of all bad housing loans. Many have stated, that in effect, “The US Government is Foreclosing on itself.” This is the very definition of Insanity. It is a form of Suicide.
Seriously, the most advanced place on Earth. Bloomberg writes:
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger.
Since the end of 2008, the island’s nationalized banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population.
The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area and the developed world on average, the Organization for Economic Cooperation and Development estimates.
Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets. Once it became clear back in October 2008 that the island’s banks were beyond saving, the government stepped in.
Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout
Iceland — You could ice skate in Hell sooner than see the United States follow in Iceland’s footsteps with this move. Since 2008 Iceland has jailed 26 bankers. They were sentenced to prison for a combined 74 years between them — each of them jailed for their roles in the 2008 economic collapse.
Five top bankers from Iceland’s two largest banks — Landsbankinn and Kaupþing — were found guilty of embezzlement, market manipulation, and breach of fiduciary duties. Though the country’s maximum penalty for financial crimes currently stands at six years, the Supreme Court is currently hearing arguments to extend the limit. Most of those convicted have so far been sentenced to between two and five years.
Do those sentences sound light to you? Perhaps. Until you consider the curious method of punishment the U.S. employed for its thieving bankers.
While Iceland allowed its government to take total financial control when the 2008 crisis took hold, American bankers received $700 billion in Troubled Asset Relief Program ( TARP ) funds. Thank you, Congress.
Icelandic bankers are still being held to task for their illegal market legerdemain that nearly brought down the financial planet. In contrast, not one banker in America has ever (nor will ever?) be held responsible for their criminal acts. Instead, essentially in addition to the $700 billion windfall — Big Banks are now raking in over $160 billion in profit every year.
Iceland’s president, Olafur Ragnar Grimmson, described how his country not only weathered the storm, but has been labeled the first European country to fully recover from the crisis: “We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing in Europe.”
If the U.S. government weren’t criminal they might be capable of employing logic.
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