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Iceland Was Right, We Were Wrong: The IMF
08-23-2012, 10:13 AM #1
Jed Member
Posts:230 Threads:40 Joined:Mar 2012
Quote:For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs.

Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.

Now in what may be the greatest economic "mea culpa" in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Iceland's approach to economic triage was the correct approach right from the beginning.

What was Iceland's approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.

The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).

The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species.
http://www.thestreet.com/story/11665082/...e-imf.html

Sure is interestin' but that's how
free market economy works.
Too big to fail was the biggest
scam ever.
The Fed's a fixin' to fire up the
presses again I read.
Why they keep doin' things that
don't help is beyond me.
08-23-2012, 11:13 AM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
Great read Jed! hi5.gif Seems Europe needs a breakup far worse than they need the Euro and the IMF. If you look at the numbers, it's painfully apparent it's just around the corner.

wonder.gif
08-23-2012, 04:14 PM #3
UniqueStranger Art in my heart
Posts:14,881 Threads:420 Joined:Jun 2012
It seems to me they just keep doing the same things over and over again. I read somewhere, once that young politicians with great aspirations to change the system are quickly stomped down and basically told to "not rock the boat" - er, ah, I mean their yacht.
08-23-2012, 04:37 PM #4
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(08-23-2012, 10:13 AM)Jed Wrote:  Too big to fail was the biggest
scam ever.


It has some competition. We have the Sentinel ruling where a precedent was just set that depositors do not own their money, the bank does.
http://www.reuters.com/article/2012/08/1...0T20120810

Then there's the MERS scandal that is still developing, some 70 million homeowners have their house listed with MERS. Whether you have a mortgage or not, if your house was ever listed with MERS it is collateral for bankers, it's been hypothecated and rehypothcated.
http://sgtreport.com/2012/08/breaking-ou...-from-wam/



08-23-2012, 05:13 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
(08-23-2012, 04:14 PM)UniqueStranger Wrote:  It seems to me they just keep doing the same things over and over again.

If there's one thing we learn from history, it's that we learn nothing from history.

(08-23-2012, 04:37 PM)Shadow Wrote:  We have the Sentinel ruling where a precedent was just set that depositors do not own their money, the bank does.


That's great, thieves have legalized theft, for financial institutions. 13.gif Can't forget LIBOR and JP Morgan's manipulation of PM's are two more turds floating in the bowl of worst scams ever. gaah.gif

wonder.gif
08-24-2012, 03:23 AM #6
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Iceland is awesome.

Biere.



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