“You could even argue that the bigger the banking sector is, the worse the news is for your economy,” he [Ólafur] adds, later blaming the huge growth of Iceland’s banking sector on the prevailing European banking philosophy and incompetent rating agencies.
Imagine this problem stretched out over most every community on the planet. I think this is where Catherine Austin Fitts was burned when she was looking into how a community is financed. Big banks come into a community to be exploited, set up shop and start siphoning wealth back to corporate accounts in the form of debt/money that never makes its way back into community improvements that allow wealth to integrate over time. These bankers effectively leach the life blood of the community until it’s just a dead husk. It appears to me to be the same model used by economic hitmen and corporate take over of a nation. This model of intra-national as well as transnational theft must be stopped. There is no net benefit to the overall wealth of either nation, community, or the individuals that compose them. Only the exploiters benefit. As this works toward resolution, this kind of model for financial parasitism must stop. JAK banks, or community banks, or whatever bank that isn’t based on exorbitant usury, over extension and wealth destruction through high risk global gambling by ‘investment’ bankers seems to be an essential outcome – imo.
Sweden Grants Religious Recognition To File-Sharing Church!
(not to mention the USA)
(… and Canada)
Iceland had a unique situation, in that the financial sector did not control all the government officials with bribes, graft, and corruption. In the USA politicians at the federal level are installed into office by the machinations of the insane oligarchy, and they in turn install their cronies into other government positions. So it is too late for the people in this country to peacefully resolve the criminality of government and monetary system officials.
Wishing things like this were happening here in Canada.
Here’s the best of all English ass-kickers.
After the Revolution we should have sunk the whole God damned stinking island, “The-Crown, Inc.” and CENTRAL LONDON along with it !!!!!
Brilliant report from ATOL
Central banking as sport
By Chan Akya
About 10 years ago, at the time global markets came to grips with the significant frauds at the heart of various organizations such as Enron, WorldCom and Tyco,…………
The reason for that bit of irritation with Maro Draghi, president of the European Central Bank since last November, was of course the idea that instead of serving as a central banker he had become a full-fledged market participant himself.
Consider the famous “LTRO” or Long-Term Repo Operations that the ECB took up………
An analogy would be for a football (soccer) referee to start playing for one of the teams right in the middle of the game, even as he attempted to call off-sides and dish out yellow cards for foul tackles along the way. Conflicts of interest are much worse in the world outside sport, but are unfortunately not as easy to spot. ………..
Steve Keen: Instability in Financial Markets 3/5:
I like the bit where he says it was like making the UK taxpayers responsible
for a failed banking system in Spain, Italy etc.
Excuse me, but I thought we were, and a lot more besides.
Save a nation, burn a bank today!
Like Olafurs attitude…He basically said “Fuck’em!” (the banks that is).
Romania needs to follow suit http://www.youtube.com/watch?v=OvksSFhZ4dU&list=UU5gtqdJOvhGdh-6WRO2CTpw&feature=player_detailpage#t=767s Many others too.
Jones, and Icke are reporting that Iceland has forgiven mortgage debts. The only news I’ve seen on this was a clip from a Cuban news outlet.. Hmmm? Damn sure, the MSM won’t pick up on this story?