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?
Anglo-Saxon Sword and Helmet from Staffordshire Hoard Reconstructed 2015-05-29 0:49
Thousands of metal fragments from the Staffordshire Hoard have been reconstructed into two "significant" new 7th Century objects.
Researchers have pieced together parts of a silver helmet and a previously unseen form of sword pommel.
The hoard, which is valued at ¬£3.2m, was found in a field near Burntwood, Staffordshire in July 2009.
Both items have been put on display at Birmingham's Museum ...
ALEC corruption: Legislators and corporate lobbyists meet in secret at Savannah resort 2015-05-28 23:59
The Georgia Legislature has a message for voters: don't ask us about our meetings with corporate lobbyists behind closed doors.
The 11Alive Investigators tracked lawmakers to a resort hotel in Savannah last week, where we observed state legislators and lobbyists mingling in the hotel bar the night before they gathered in private rooms to decide what new laws would best serve ...
Swedish politician: US is the true cause of the masses of refugees from the Middle East 2015-05-28 20:13
Editors Note: And who controls US foreign policy? Listen to Jeff Gates.
The present Swedish debate about war refugees from the Middle East is an example of peer restricted expression. In the name of political correctness or perceived decency, any questioning of maximum generosity in opening Swedish borders for the refugees is indignantly rejected by the official mainstream. We have a ...
Even if Patriot Act Expires, Government Will Keep Spying on All Americans 2015-05-28 19:52
Government Will Use "Secret Interpretations" to Get Around Legal Prohibitions
Mass surveillance under the Patriot Act is so awful that even its author says that the NSA has gone far beyond what the Act intended (and that the intelligence chiefs who said Americans aren't being spied on should be prosecuted for perjury).
Specifically, the government is using a "secret interpretation" of the ...
The TPP, Monsanto, Rockefeller, Trilateral Commission, Brzezinski 2015-05-28 19:18
All hands on deck for global, economic, corporate dictatorship
There are dots to connect here. They're real, and they're spectacular.
Let me begin with a brief exchange from a 1978 interview, conducted by reporter Jeremiah Novak. He was speaking with two American members of the Trilateral Commission (TC), a group founded in 1973 by David Rockefeller and his intellectual flunkey, Zbigniew Brzezinski.