Wednesday, December 8, 2010

Iceland is No Ireland as State Free of Bank Debt

Back to Iceland vs Ireland and the ruination caused by the banksters.
Iceland Is No Ireland as State Free of Bank Debt, Grimsson Says

Perhaps with some advice to the Irish and the rest of the World?

Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.

“The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview today.
“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”

As a consequence
, “Iceland is faring much better than anybody expected,” Grimsson said.

“How far can we ask ordinary people -- farmers and fishermen and teachers and doctors and nurses -- to shoulder the responsibility of failed private banks,” said Grimsson. “That question, which has been at the core of the Icesave issue, will now be the burning issue in many European countries.”
Indeed, how far and long can the populace be burdened with the crimes of the banksters?


  1. I suppose the USA will avoid copying Ireland.

    - Aangirfan

  2. Gotta love those vikings, showing us all the way forward.

    Tell the bankers to go f**k themselves.

  3. So another choice has been made for the Irish people. Taken by shallow empty men and women seeking what is best for them and not for their people. No sign of any collective or individual responsibility.

    That’s fine – we have long memories and some of us are still working on grudges from the 16th and 17th century.

    This was a lost battle and not the whole war. The stage is bigger than one Island floating in a septic sea. By removing options for peaceful change within the existing paradigm the remaining options are narrowed and magnified.

    A big thaw is now underway here – both physical and spiritual. Many of the timid souls will have had a good fright by the experience of being cut off from their cosy consumerism. Some of us found it exhilarating. I pray we’ll have some real emotion when it comes time to sing Auld Lang Syne this New Year’s Eve.