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?
France delivered arms to Syrian rebels, Hollande confirms 2014 08 22
President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar al-Assad “a few months ago.”
The deliveries took place “a few months ago, when the Syrian rebels had to face both the armies of the dictator Bashar al-Assad and this terrorist group Islamic State,” Hollande told reporters on a tour of the ...
Brooklyn DA exposes hidden Child Sexual Abuse in the Orthodox Jewish Community 2014 08 22
Comment: We all know that the sex abuse cases within the Catholic church have been plastered all over the media in the last 6-8 years, but when do you ever hear about the rapes, sexual molestation and child sex abuse cases within the jewish orthodox community? Is the media helping to cover it? Will they give the same treatment of ...
California’s Economic Collision Course: Immigration and Water 2014 08 22 You have heard it before: “As California goes, so goes the nation.” If that is the case, the national economy will be harmed for decades to come because of California’s misplaced priorities today. Indeed, by emphasizing high-speed rail over water and failing to deal with its debt crisis, California poses a long-term threat to our national economy and ...
ISIS offered to swap Foley for ’Lady Al Qaeda’ - neuroscientist MIT-graduate 2014 08 21 An MIT-educated neuroscientist terrorist known as ’Lady al Qaeda’ was named on a ’laundry list’ of demands from ISIS captors holding James Foley named, it was revealed today.
Petite mother-of-three Aafia Siddiqui is currently serving 86 years in a Texas jail after being arrested with plans for a ’mass casualty attack’ in the US, including infecting people with Ebola and a ...
James Foley beheaded - Financed by USA 2014 08 21
John McCain is a traitorous piece of garbage.
Last year McCain worked with the "Syrian Emergency Task Force" to help overthrow the Syrian government. Investigative work (see the detailed article below) revealed that this task force was just a front organization for AIPAC.
McCain met with known terrorists, including the infamous al-Qaeda. Yeah, the terrorist organization that was behind 9/11 received aid ...