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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Iceland Jails Bankers, Erases Citizens’ Debt, Recovers Strongly: No More Banks!

Iceland Jails Bankers, Erases Citizens’ Debt, Recovers Strongly: No More Banks!

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ymoilman2


Iceland Jails Bankers, Erases Citizens’ Debt, Recovers Strongly: No More Banks!
Friday, July 20, 2012


Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger.

1. Iceland Continues To Grow Using ‘Startups’ By Replacing ‘Banks’: Iceland Refused To Bailout Rothschild’s Corrupt Banking Cabal.

Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population.
The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area and the developed world on average, the Organization for Economic Cooperation and Development estimates.
Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn. Once it became clear back in October 2008 that the island’s banks were beyond saving, the government stepped in, ring-fenced the domestic accounts, and left international creditors in the lurch. The central bank imposed capital controls to halt the ensuing sell-off of the krona and new state-controlled banks were created from the remnants of the lenders that failed.
Iceland’s special prosecutor has said it may indict as many as 90 people, while more than 200, including the former chief executives at the three biggest banks, face criminal charges. That compares with the U.S., where no top bank executives have faced criminal prosecution for their roles in the subprime mortgage meltdown. The Securities and Exchange Commission said last year it had sanctioned 39 senior officers for conduct related to the housing market meltdown.
Disinfo
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Posted by John MacHaffie at 7:09 AM


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HunterJumper

HunterJumper
That is awsome :bounce: ☀ :bounce:

Herb Lady

Herb Lady
Thanks YM! This is great news!



Take care of the land and the animals and they will take care of you!

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PurpleSkyz

PurpleSkyz
Admin
Beautiful pic LIR!



  

Guest

Anonymous
Guest
Banksters... who needs 'em?!

Violators of "equal weights & measures" Old Testament directive.... BIG TIME!!!! Only been done by WtP's "consent" and lack of "full disclosure".... Time to ......

Ban Banksters-- Re-Claim Our Stolen Money Power!!

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