Dump the Debt

Icelanders to Have Final Say on British, Dutch Depositor Debt

Iceland’s President Olafur R. Grimsson will give his country’s voters the final say on repaying about $5 billion in debts owed to the U.K. and the Netherlands to cover depositor claims.

Grimsson’s announcement yesterday that he won’t sign a depositor accord struck between the three countries’ governments in December follows lawmaker approval of the bill. He told reporters he was responding to popular demand for a referendum after more than 42,000 of Iceland’s 318,000 inhabitants signed a petition asking him to block the accord. Forty-four of the Reykjavik-based parliament’s 63 lawmakers voted for the bill on Feb. 16.

“There is support for the view that the people should once again, as before, act together with the parliament as the legislator in this matter,” Grimsson said.

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Good for the people of Iceland for resisting. Don't pay the fake debt! Same goes everywhere!

It's all fake, just like in Ireland, the international bankers create fraudulent assets then when they blow up, try to shovel the losses onto the people of the occupied nation. And then (in this case) they get ordinary British/Dutch people who did lose their savings and were wronged, to blame the people of Iceland for daring to refuse to pay the 'debt', rather than the banking fraud in the first place that caused the problem.

Many of the biggest Icesave losers were UK local councils, who 'invested' their (stolen) funds into this 'opportunity' (Ponzi scheme). And then, oops, the bankers took it by fraud. Aaaaaand it's gone. Oh dear, what an unfortunate loss for the government, who as we all know only funnel wealth to the poor and would never funnel wealth to the superclass...

If we had rule of law that applied to everyone, rather than central bank/fractional reserve legalised (regulated) counterfeit, most bankers would either be in prison or not be doing what they are doing, and we wouldn't be in this situation.

Nobody ever really asks, if not by fraud, why does a bank collapse? After all, they have all those peoples' savings in there, don't they? Don't they?

Apples don't fall without gravity. Banks don't collapse without fraud.