Wednesday, October 24, 2012

ICELAND. No news from the Icelandic Revolution?

This is not a new blog post, but one I haven't seen before on Iceland. -AK

Reblogged from:

Wednesday, May 9, 2012

ICELAND. No news from the Icelandic Revolution?

No news from Iceland? Why? How come we hear everything that happens in Egypt but no news about what's happening in Iceland:

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution. And all of this in a peaceful way. A whole revolution against the powers that have created the current global crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

This is a summary of the facts:
  • 2008. The main bank of the country is nationalized.

    1. The Krona, the currency of Iceland devaluates and the stock market stops.

    2. The country is in bankruptcy.

    3. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.

    4. The country is in bad economic situation.

    5. A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.
  • 2010. The people go out in the streets and demand a referendum.

    1. In January 2010 the president denies the approval and announces a popular meeting.

    2. In March the referendum and the denial of payment is voted in by 93%.

    3. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis

    4. Many high level executives and bankers are arrested.

    5. The Interpol dictates an order that make all the implicated parties leave the country.
In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
  1. Resignation of the whole government.

  2. Nationalization of the bank.

  3. Referendum so that the people can decide over the economic decisions.

  4. Incarcerating the responsible parties.

  5. Rewriting of the constitution by its people.
This move is what got Julius Ceasar killed in ancient Rome. He reduced the mortgage debt of the population by 50%. This would be a viable solution to the problem. Bank shareholders and holders of mortgage debt instruments would suffer, so your life insurance policy and retirement savings might become worthless, but your house would be clear title. This is awesome.

It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population. They are putting the bankers and politicians on the "Bench of the Accused." Which means I assume they are putting them on trial for corruption.

[Warning: Strong language and opinions in the video below.  I don't think hemp is going to cure our economy.  But it might boost the snack food industry!  But this guy sure calls it like he sees it!  Keeping it real! His insight on the J. Edgar Hoover movie is the same thing I noticed. -AK]

Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of politicians that are puppets of the banks and corporations. The government of Iceland has forgiven the mortgage debt for much of its population.

This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

Have we been informed of this through the media? Has any political program in radio or TV commented on this? No! The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world!


  1. The truth is that we're seeing signs of a repeat
    of the same pattern as before the economy collapsed as some fundamental changes to the structure were not made. There are some pretty big earthquakes going on in Iceland right now mostly in the northern parts. That's where most of the attention is as of right now. The dust has settled somewhat since the collapse as the graphs display somewhat similar trends now as back in 2007 - 2008. There have been some news articles out lately about the possibility of another collapse and analysts have been revisiting with their alertings and suggestions.

    Translate this article (Its relatively new) ;

  2. Hello Mr Kabuki! Industrial Hemp can do way more to boost the economy than you are probably aware, but most of all it is far more environmentally sound than most of it's alternatives - just read Wikipedia to start with, then perhaps Google 'Uses for hemp'. It is a fascinating subject in itself, and definitely a more friendly alternative to ourselves and Mother Earth.

    For example ... an acre of hemp can produce the same amount of paper as 3 acres of trees with less chemical processing. The 3 acres of trees can take upto 30 years to grow, the hemp about 4 months (in perfect conditions upto 3 crops on the same acre). This is one use of thousands.

    As far as your comments regarding Iceland. I agree entirely.

  3. The fact that details of Iceland sorting out the situation in the interests of the people by the people themselves is what the powers that be fear. The reason that it's not been spread all over the media is that all main media is controlled and acts in the interest of the 1% not the 99% that it is supposed to serve.

    What more proof do you need that you are being controlled and lied to, because it is not in the interests of the media magnets and the bankers that you get to know of such things

    Stand up to them and your freedom is assured; they are few and we are legion. And if you really want to put the cat among the pigeons, don't bother voting - it only encourages them to think that they're still fooling you into thinking you have a say. As the wonderful prophet George Carlin once said, "You don't!" have a say (unless you can programme a Diebold machine to give you the results you want!)

    The sooner you say 'Not in my name!' the better.

    Kind regards - Anonymous - We are legion!

  4. A "good guy" economist working on the global stage; restructure advisor to Iceland.


This blog is supported by ads and donations. If you enjoy this blog please consider supporting it with a contribution via PayPal.