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Member since 29 Jun 2006
Member from Shirley
"Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on "Bench of Accused"
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.
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 the banks and politicians that are puppets of the banks and corporations. "
"Iceland is a small but rugged country far from anywhere that has suffered from financial wreckage as severely as any in the developed world after Iceland’s overstretched banks failed in 2008. In a matter of weeks after the banks’ collapse, the unemployment rate jumped to 10 percent, house prices fell, the currency plunged and inflation surged.
During the boom years, Iceland became a nation obsessed with banking. The success of the nation’s banks, however, was deceptive. The economy was fueled almost entirely by foreign money. Then, as the global financial infrastructure teetered on the verge of collapse, the bonds came due, and Iceland’s banks couldn’t repay them.
Depositors in other countries raced to pull their money out of Icelandic banks. The government didn’t have the resources for a bailout; the banks failed. The government did guarantee that Icelanders would not lose the money in their savings accounts, but other financial assets — including the many investment funds that the banks offered — plummeted in value, and many ordinary Icelanders lost large sums that they believed were safely invested.
In March 2012, Iceland opened a criminal trial against its former prime minister, Geir H. Haarde, becoming the first country to prosecute one of its leaders over the financial crisis of 2008."
How interesting. Iceland today - tomorrow...the world?
Member since 23 Nov 2009
Member from Stratford
Of course, We the People have the power - we just don't realise it and even those that do, can't agree on how it should be used and when it should be used.
We are so easily lied to and manipulated and, because most of us, by far the most of us, are decent and honest, we don't realise that our leaders and our media are not telling us the truth.
We don't ask the right questions and we don't go looking for the answers but rely on the usual sources to tell us what's going on. The problem is the usual sources, newspapers and television news, are now players in the Big Game - not independent observers and reporters at all - we can't believe what they are telling us any more.
I am certain our financial system is fatally flawed but it isn't quite in its death throes yet and I suppose there might be a miracle cure on the horizon. Watch and Wait I guess.
In the meantime, go Iceland you good thing!!!
Member since 18 Mar 2007
Member from Papakura
Hang onto your hats girls as this is only the tip...the iceberg's starting to melt. I predicted this about 5 months ago and got shot down big time
by Kragus. Give it a bit of time and the world economy will be quite different to what we know it today.
The world economy is beyond repair and the dough is in the hands of about 1 percent of the people who are in the process of being shot down themselves. Couldn't happen to a nicer mob it has already started.
She's an interesting few months ahead....as that great Aussie announcer says....'go you good thing, go'
Shower and movies o'clock.
Member since 02 Nov 2006
Member from Linwood
Will we, the hoi polloi be the meat in the sandwich, doused with the vinegar as a new cartel of money owners rise in place of the present ones. For every load of despots in the world at the top the killers are no different, as we, the dross have to be kept on the breadline. We are an expensive very huge part of the global economy. Too many of us are unproductive through many reasons not of our making.
Reminds me of that ancient Chinese curse 'may you live in interesting times!'
And it will be extremely interesting,to see what happens with this.
What pills did you take love ??? ole Squirter won't lead ya astray. the new cartel 'will' be the hoi polloi as you put it.
I can't agree Joybel. Nothing, not one single useful thing, is made by anyone other than what you call the hoi polloi, or what I'd call the 99%.
Without workers' labour which rich people swap for money which workers swap for things again, most of those rich people wouldn't have a cent to their names.
Children mostly grow up to be workers. Old people mostly were workers. We are productive - 'they' are the parasite class not us - how they ever managed to convince us otherwise, that they are somehow superior to us, and therefore worth more than us, I can't understand.
Member since 03 May 2006
Member from Point Chevalier
Ouch, arandar - you disappoint me now.The truth is - without work, nothing gets done.But no matter how hard you work - if you consume the lot, at the end of the year you have CREATED NOTHING!If you exchanged the fruits of your labour with someone else and you both consumed the lot - both of you would have CREATED NOTHING beyond primitive of hand-to-mouth survival.But if you or your trading partner did not consume the lot, but saved something for reserves and investment, then that person is the true wealth creator - capitalist - who might eventually be able to create new and better paying jobs - or at least have a job to offer to someone without one.Now arandar - don't you think a person who happily enjoys the higher earning and consumption benefits achieved through capitalism, but refusing participation in the creation and ownership responsibilities of it, is a practical "freeloader", to put it mildly? This is not to justify all the deplorable deeds possible and done under capitalism (usury. slavery, Ponzi, etc, etc), but just to clarify the facts - and wouldn't you agree, that the answer to those misdeeds is not to ban capitalism, but to make it work in a more controllable and fair way, including 100% participation by all of us, so as not to have to rely on only a "clique" - or elite - alone?
Of course I agree with what you say, arander, but it does not change the situation that the workers end up in, no matter who is in control. There are no benevolent capitalists, only feaful ones who have a to work hard at keeping the worker from rising above the station he has been appointed in
.Equality just does not work as well as we would like it to. Spending is the the cause of the workers always never having enough. it is always about having what the rich have, and why not ?
Keeping money in the family and making marriages with the same ilk has always been the way the worlds capitalists and aristocracies have managed to rule the world.
Once money becomes divided amongst family members through inheritance it disappears back into the banks hands as it gives spending power. A fascinating subject.
"For the love of money is the root of all evil"...
The love of it, not money itself... Just saying.
And it is possible for people to make better choices for themselves if they are informed, educated, confident, and can trust others not to take unfair advantage of them.
For people to be informed, educated, selfconfident and trusting requires society to put in place and maintain the means of providing education, information sharing, law and order. Individuals can't do that cost effectively; it requires a joint effort - collectivity. And that requires all to contribute what they can so that all can obtain what they need.
It can happen as a nation, it can happen in communities, it can happen in families... but to ensure that all may access the opportunities equitably, especially in a country so small as New Zealand, we have to ensure that our contributions are used fairly by our government for the benefit of all.
My own KiwiSaver account is slightly up this last financial year for my Balanced Fund but down in my Moderate Account. Because of my age, I chose not to invest in the higher risk options. I am still better off than I would have been had I not saved anything, and had not my employer and my government not contributed also, but am not as good as I hoped to be if the GFC had not occurred and if this government not changed the deal.
I lost my job and went without pay for some months. I have another job but the hours worked are much reduced. My earnings are down, my savings are down, my spending is down. None of that is my fault. Plans I made for my mortgage and my retirement will depend on what happens over the course of the next couple of years when I turn 65.
And so I return to my original concern.
I still think that if governments tax us for our own retirements, and make that compulsory, they must guarantee a minimum pension based on the average wage or some other base-line figure.
In which case, the taxpayers of that time will still have to support pensioners in times of recession when savings are down or lost - as they have been of late - not to mention investments in failed or fraudulent companies or governments o/s.
For example, if our retirement savings are invested in building new highways, unless they are tolled, there can be no dividend to the saver. If they are tolled, the users are paying twice, for the pension they will get in future.
IOW, if saving for retirement becomes compulsory, taxpayers of the time will still have to save for their own retirements, in ways decided by government, at the same time as paying over and above to support the pensioners of the day.
As well as paying tax for every other publicly provided service; health, education, police, corrections, roads, border control, aged care, childcare, accident rehabilitation, EQC, energy, water supply and waste, etc.
Unless the whole lot has been privatized by then and we are all paying cost + profit.
Post deleted at 16 Apr 2012 8:36am by Joybel
""Children mostly grow up to be workers. Old people mostly were workers. We are productive - 'they' are the parasite class not us - how they ever managed to convince us otherwise, that they are somehow superior to us, and therefore worth more than us, I can't understand.""
Good stuff love, and could not agree more. WE, you, me, Joybel, and every other person alive today are born the equal of ANY person, medical situations aside. We the people, us productive ones, have allowed this to happen through negativity and it's high time we started to look deeply within ourselves. It's also past time that people stopped this confounded negativity in their thinking that continually drives us further into the crap and the great divide gets even further wider.
Thank Christ we have positive people world wide who started/are thinking positively by endeavouring to take control of their own lives in South Africa, the USSR block, China, India, Egypt, Libya, and a few more that slips my mind. There's also moves afoot in the USA if people look hard enough.
And isn't Iceland a shot in the arm with their debt relief to their people....what kind of message does that send out to the multitudes world wide.
Negativity just breeds more negativity and the same applies to the positive side of the equation....thank Christ for the positivist folk out there that's starting to make an inroad into that great divide.
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