Icelandís HŲrūur Torfason Ė How to Beat the Banksters
2012-12-17 0:00

By Alex Pietrowski | WakingTimes.com

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 Icelandís economy). A huge economic bubble was created, causing house prices to double, and making a small percentage of Icelandís 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, Icelandís 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, Icelandís 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 nationís constitution, which aimed to avoid entrapment by debt-based currency foreign loans. In 2012, Icelandís 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?




[...]

Read the full article at: wakingtimes.com





Related Articles
Voters in Iceland back new constitution, more resource control
Iceland Was Right, We Were Wrong: The IMF
More Icelandic bankers arrested


Latest News from our Front Page

Galaxy Poll: 86 per cent of Australians want childhood vaccination to be compulsory?
2015-04-17 23:33
Australians want Prime Minister Tony Abbott to make childhood vaccination compulsory and close loopholes that allow vaccine refusers to put all children at risk. An exclusive national Galaxy poll commissioned by The Sunday Telegraph has revealed overwhelming support to ensure every child is vaccinated. The highest support for compulsory jabs is in South Australia, where 90 per cent support the call. The poll ...
Eye in the sky: Local police now using drones to spy on citizens
2015-04-17 22:09
The Harris County Precinct 1 Constable's Office is doing something that no other agency in Harris County is believed to have done yet: Use drones to help fight crime. It's an eye in the sky for law enforcement, without giving up the element of surprise. "It could absolutely save lives," says Constable Alan Rosen. Rosen says the agency's two new $1,200 drones, which ...
New Zealander of the Year: refuse vaccines, lose money
2015-04-17 22:47
Following in the footsteps of Australia, 2014 New Zealander of the Year, Dr. Lance O’Sullivan, wants to punish people who don’t get vaccinated. The New Zealand Herald (4/15) reports: “A leading New Zealand doctor has called on the Government to follow Australia’s example to cut child welfare payments to families who do not vaccinate their children, saying the policy would help protect ...
Iris Scanner Identifies a Person 40 Feet Away
2015-04-17 22:20
Police traffic stops are in the news again, tragically, sparking a new round of discussion on whether and how to outfit police with cameras and other technology. For several years now, researchers at Carnegie Mellon University’s CyLab Biometrics Center have been testing an iris recognition system that can be used to identify subjects at a range of up to 40 feet. Like ...
Yes, You Can Catch Insanity
2015-04-17 22:29
One day in March 2010, Isak McCune started clearing his throat with a forceful, violent sound. The New Hampshire toddler was 3, with a Beatles mop of blonde hair and a cuddly, loving personality. His parents had no idea where the guttural tic came from. They figured it was springtime allergies. Soon after, Isak began to scream as if in pain ...
More News »