The tiny Nordic European island country of iceland is presently experiencing one of the greatest economic comebacks of all time. After the privatization of the banking sector completed in 200o, the economy was thrown into a tailspin when over a five year period, private bankers borrowed 120 billion dollars (10 times the size of Iceland’s economy). A huge economic bubble was created, causing house prices to double, and making a small percentage of Iceland’s population rich enough to buy up overseas investments, mansions, yachts, and private jets, while leaving an absolutely un-payable debt for all Icelanders. Iceland was facing national bankruptcy.
In response to the failed banking system, in October 2008, Iceland’s revolution against this financial tyranny began, rather casually in the street, in front of the Icelandic general assembly.
In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place. By March 2010, Iceland’s people voted to deny payment of the 3,500 million Euro debt created by the bankers, and about 200 high-level executives and bankers responsible for the economic crisis in the country were either arrested or were facing criminal charges.
In February 2011, a new constitutional assembly settled in to rewrite the tiny nation’s constitution, which aimed to avoid entrapment by debt-based currency foreign loans. In 2012, Iceland’s economy is expected to outgrow the Euro and the average for the developed world, as estimated by the Paris-based Organization for Economic Cooperation and Development.
So how does a revolution like this take root and activate a citizenry to effectively respond to grand scale economic theft by bankers and politicians?
EU on high alert as Germany accepts Ebola patients 2014 07 30
A German hospital has agreed to treat Ebola patients amid widespread fears of a possible outbreak of the deadly disease in Europe. Over 670 people have already been killed by the disease in West Africa with doctors struggling to control the epidemic.
A German hospital in Hamburg agreed to accept patients following a request from the World Health Organization (WHO), Deutsche ...
Bolivia declares Israel terrorist regime 2014 07 30
Bolivia has declared Israel a “terrorist state” and revoked a visa exemption agreement with Tel Aviv in protest at the ongoing Israeli attacks on the besieged Gaza Strip.
The move "means, in other words, we are declaring (Israel) a terrorist state," President Evo Morales said during talks with a group of educators in the city of Cochabamba ...
Pagan Traditions: Mysteries of medieval graffiti in England’s churches 2014 07 30
Medieval graffiti of straw kings, pentagrams, crosses, ships and "demon traps" have been offering a tantalising glimpse into England’s past. What do the pictures reveal about life in the Middle Ages?
A project to record the graffiti, which began in Norfolk, has now been rolled out to other areas and is gradually spreading across England.
Armed with just a torch and a ...
More Gigantic Holes Appear in Siberia’s ’End of the World’ 2014 07 30 Is it the end of the world in Siberia’s ’End of the World’?
Scientists suspect not, but they’re still investigating the strange and alarming holes that are swallowing up the Siberian north.
This week two new holes have been discovered, and with similar characteristics as the first reported hole: a very deep shaft with smooth sides, debris surrounding the rim, and water ...
BLACKLISTED: The Secret Government Rulebook For Labeling You a Terrorist 2014 07 30 The Obama administration has quietly approved a substantial expansion of the terrorist watchlist system, authorizing a secret process that requires neither “concrete facts” nor “irrefutable evidence” to designate an American or foreigner as a terrorist, according to a key government document obtained by The Intercept.
The “March 2013 Watchlisting Guidance,” a 166-page document issued last year by the National Counterterrorism Center, ...