Awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country.

22 comments on “Awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country.
  1. ronron says:

    hi max

  2. ronron says:

    @Tracy. i know your heading up the coast to see family. you said you would come to Montreal this time. it was a fucking date. don’t fuck me around. :-)

  3. ronron says:

    @Tracy. we can walk around on crescent rue and have a ball. bring Max.

  4. ronron says:

    @Tracy, and if you bring Vonda as well. give you a tube of keisers. :-) bring a golf bag? 30 bucks.

  5. ronron says:

    @Beardo. right you are. go in debt for junk hydro. the IMF will straighten this out.

  6. ronron says:

    oh, the g20 pledges money to the IMF. it is not a loan. you get bought with your own money. hahaha. too much. smart fuckers.

  7. Happy Dick says:

    GREAT NEWS!! That;s a WINNER! One big win, let’s keep working hard.

  8. SilverCondom says:

    Iceland is the only true democracy on the planet. Period.

  9. Keehotee says:

    DO STAND UP, like Carlin, or Kineson, or maybe even Chapelle

  10. Jim says:

    Right on. I couldnt believe it when I read it.

    FEMA For Bankers!

  11. The Beat says:

    The Telesur statement appears to be acknowledging the debt forgiveness that Iceland announced back in January. This is nothing new.

  12. Fusman says:

    sigh, this video made it here as well I see.

    I’ll start by saying I am Icelandic.

    This video isnt accurate at all, no forgiveness for the population has taken place.

    This *seems* to be based on a misunderstanding of a recent supreme court ruling which says that a part of certain types of loans should be lowered. However the part that is suppose to be lowered is the part that went up in the crash. They are simply saying that the increase in these mortgages was not legal.

    The banks however… don’t give a crap. They are doing business as usual and these reductions in loans have not been implemented by them. Even if these reductions do happen they are just decreasing these certain mortgages by the increase that happened a few years ago it is not wiping out anything else, if it wipes out anything at all. Like I said, so far the response from the banks to this ruling has been basically giving the population the middle finger.

    So to take a really simple hypothetical example, if you owed 1 million before the crash and owed 1.5 million after the crash then this court ruling says you now owe the original 1 million instead of the bloated 1.5.

    The reason some loans went up after the crash was because they were tied to foreign currencies and during the crash the local currency, the Krona, crashed. This meant that people that had their loans tied to foreign currencies all of a sudden owed way higher amounts than before. This increase due to the crash of the Krona is what the supreme court ruling was about.

    This case was just 1 family with 1 mortgage vs 1 bank, it was not a class action lawsuit or anything like that.

    Everywhere I post this info people dont believe me because who am I compared to some fancy translated spanish video…

    Well what I did was make a list of pretty much all the Icelandic news websites including emails and phone numbers and am telling people to simply contact them and ask them if this video is accurate, but that list has been censored everywhere I try to post it.

    I am Icelandic saying this isnt true, the Icelandic commenters on Youtube are saying this isnt true, none of the Icelandic news websites are reporting this. Nobody is bothering to check with local news at all, everybody is too busy trusting this single source of translated El Mundo Youtube video. sigh

  13. @Max,

    Iceland’s Debt Jubilee is Showing Economic ‘Experts’ What a Bunch of Frauds They Are (and how CORRECT Dr. Michael Hudson is) http://wp.me/p1zLzF-sa

    looks like the vikings are showing the Greeks what democracy looks like.

  14. Eric says:

    @Max

    This story is more “hope” than “change”.

  15. Jim says:

    Iceland was the first to get hit and now they are the first to hit back!

    http://www.youtube.com/watch?v=YbfoAKet8Vc

  16. Jayme says:

    @Fusman

    Sorry to hear that the mortgage debt isn’t forgiven. I think Keen’s method for debt jubilee is a good idea. It would be good if the people of Iceland could set the example. The article says it might not be true below the video but it does raise a lot of false hopes which is bad. If Iceland were ever to become free, the IMF beggars in Iceland would be kicked out – imo.

  17. curious says:

    who is behind the hoax? evil likes to tease too.

  18. User2323 says:

    Wow Iceland’s getting their first taste of bankster-driven media blackouts. Hmmm I wonder who’s to blame…

  19. Mark says:

    What in the hell, Max? I’ve got a reader who says that what is posted on your thread is absolutely not true. On the other hand, I take your side because I believe you did your research before you posted that material.

    Look, people, Iceland only has a population slightly about 311,000 people. In comparison there are several other countries in that area with a much larger population. Since I’m only commenting and I do my own writing, I’m not going to list them all.

    Max, what I would like to hear from you is whether or not this story is true. It it’s not true, I would like to hear you explain why you put it on your site? You’re a reporter, and some of us around the world that are also reporters count on other reporters to get their facts straight. From what I am seeing and hearing, that information is incorrect about Iceland forgiving mortgage debt.

    It appears to me there was a serious error in judgment on this issue. Unless I can find someone to prove me wrong, I will go out on a limb and say thanks to Max for making me look like a second rank researcher.

    Anybody with real knowledge on this issue can contact me via Skype @ mark.mayr2 or at mmayr64@gmail.com.

    Peacefully yours,

    Mark

  20. blurf says:

    Free houses. Awesome. Yeah. That’ll show ‘em! “Speculators vs savers” my foot.

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