content by: Grant Cagann
Explaining the global banking cartel to someone is often difficult, but Iceland’s recent financial history is a great example of the debt-implosion-by-design scheme exposed.
For hundreds of years, the financial and political scientists have collaborated to use debt (either through war funding, entitlements, IMF/World Bank loans for modernization or debt service, palaces and car collections, and most recently…derivatives) to sign the citizens of the world onto bank balance sheets. In case you haven’t been watching..many leaders (like in Libya) that don’t play along with this model get “dealt with”. Add continental central banks to the mix who create the currency (out of nothing) and loan it at interest through conduits (like the IMF, various national treasuries, and global mega-banks), and an environment of eternal debt is created. Think about it…when money is created out of nothing and is loaned WITH INTEREST, it can never be paid back!
Regardless of the type of government, eventually all nations will risk default of this debt, and IN ORDER TO MAINTAIN POWER, SAVE FACE, AND CONTINUE THE AGENDA, THEIR LEADERSHIP WILL SIGN THE CITIZENS ON TO THIS DEBT AND ENFORCE AUSTERITY.
This is the game plan being employed around the world today. You can apply this pretext to any “national financial crisis” story today, and 99.9% of the time the people either follow the lie or are left out of the process (see all global regime changes in the past few years).
Currently, the eurozone nations are being consolidated under banking power in this same fashion. Our own central bank, the Federal Reserve, is doing what it’s always done…offering a guarantee to THE WORLD as a precursor to signing each American Citizen on to ALL GLOBAL DEBT. Remember…THIS IS NOT (Y)OUR DEBT! IT IS NOT Y(OUR) FAULT THE GLOBE IS FACING A LIQUIDITY CRISIS. THIS IS NOT (Y)OUR BURDEN, SO DON’T LET THEM SIGN YOU ON TO IT!!!
Iceland is the first (hopefully of many) example where the sovereign people said NO…
Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country’s banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors. But as investments grew, so did the banks’ foreign debt. In 2003 Iceland’s debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.
Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain. (…)
This is the EXACT same “pain” that we must experience in America to purge ourselves of our banker burden. While we do NOT owe the derivative debt, many Americans have signed on to our unfunded entitlement programs. These cannot and will not survive, and the realization of this fact is something all Americans must accept and push through.
In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.
But Icelanders didn’t stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money.
Do you know what would happen if the IMF froze ALL loans? The global mega-banks would implode and the cartel would crumble. This is KEY, as manufactured debt is the catalyst for removing sovereignty, enforcing a global inflation tax, war profiteering (the expansion of our empire), the continuation of deficit spending without an “out in the open” increase in taxation, and MOST IMPORTANTLY, the continuity of agenda toward a ONE WORLD BANKER DICTATORSHIP.
Say what you want about Iceland’s global warming initiatives and “leftist” governance…the fact remains that Iceland stood up to the banks and stopped the designed implosion in it’s tracks!
NEWSFLASH…the sun still rises and sets over Iceland, which means that there is LIFE AFTER BANKER OCCUPATION! Join your fellow Americans in saying NO to any debts that We The People did not vote in favor of.
additional reading: http://mondediplo.com/2011/08/02iceland