UPDATE: GLOBAL BANKS TRY TO BREAK ICELAND

Iceland's president defends Icesave veto.

"A poll among 877 Icelanders and published on Wednesday by the MMR polling institute indicated that 58 percent would vote 'No' to the Icesave bill in a referendum and 42 percent would support it."

Text on T-shirts in Iceland: IceSlave!

Henk Ruyssenaars - Former Scandinavia correspondent

Orientation for those who are not sure yet: the armed robbers of the CIA publish their own Handbook, and have the following information concerning Iceland.*

January 7th 2010 - If one first reads the update how international banks try to get Iceland into the usury fold of their profit and production unit, the by them financed and called European Union, one understands the global dots and connects them. Here it is, at Url.: http://tinyurl.com/yl27mbq

It's no wonder that the president of the 307.000 inhabitants of Iceland, Olafur Ragnar Grimsson, defends his veto of the Icesave plan by the big banks, as always privatizing their own huge profits, and leaving the bill to be footed by the tax payer. And it really is no wonder that the maltreated Icelandic population wants a referendum: they have been sold out by greedy criminals.

ICELANDS PRESIDENT DEFENDS ICESAVE VETO

by Svanborg Sigmarsdottir

AFP - Reykjavik - Jan. 6, 2010 - Iceland's president has defended as "democratic" his decision to veto a compensation deal to cover the Icesave bank collapse, amid anger in Britain and the Netherlands.

President Olafur Ragnar Grimsson also said Iceland was committed to working with London and The Hague to meet its obligations over Icesave, after refusing to sign a bill on compensation for the British and Dutch governments.

Grimsson has instead referred the issue to a referendum, following public opposition to the bill, sparking a political and economic storm, with doubts growing over Iceland's recovery and EU membership bid." [ ]

Comment: One good look at the dark brown roots of their BIS bank and the European Union for instance, convinces everybody of the malignant plans in store for Iceland and the rest of the world. The present global misery in the long term planning of this criminal BIS cartel went further than Iceland: it's global. - Url.: http://tinyurl.com/yjohdgu

AFP: "All over Europe there are countries that trust the people with the referendum," he told the BBC's Newsnight programme late Wednesday. "What I decided to do was simply to follow an honoured European tradition of allowing the people to make the final decision." - [ ]

Comment: Let's hope that in Iceland many people have have seen that the BIS's European Union only is a slave ship on BIS's totalitarian monetary flow - Url.: http://tinyurl.com/d55dk3

As the Washington Post once and for all in 1998 wrote about the BIS, they are the "Key Players Who Control World Money Supply. - By John M. Berry - Washington Post Staff Writer - Sunday, June 28, 1998 - Url.: http://www.mail-archive.com/ctrl@listserv.aol.com/msg35891.html

AFP: "Officials in Britain and the Netherlands have urged Reykjavik to meet its international obligations after they had had to compensate local savers who lost their money in Icesave.

On Wednesday, Standard and Poor's put Icelandic debt on CreditWatch negative, saying the veto could undermine the country's rescue package from the International Monetary Fund - although the IMF has said there was no link. S&P said that "as a result, we could lower our ratings on Iceland by one to two notches within a month."

Moody's Investors Service meanwhile said the president's move had "uncertain credit implications but will certainly complicate any near-term plans (for Iceland) to exit from its financial and economic crisis." - [ ]

Comment: Moody's Investors Service, S & P and Fitch ALL belong to the criminal financial cartel. Moody's is especially bad: they sold their ratings for cash. Quote: "Wall Street paid as much as $1 million for some ratings, and ratings agency profits soared. This new revenue stream swamped earnings from ordinary ratings.

"In 2001, Moody's had revenues of $800.7 million; in 2005, they were up to $1.73 billion; and in 2006, $2.037 billion. The exploding profits were fees from packaging . . . and for granting the top-class AAA ratings, which were supposed to mean they were as safe as U.S. government securities," said Lawrence McDonald in his recent book, "A Colossal Failure of Common Sense."

McClatchy had a very informative article about this global swindle: - "How Moody's sold its ratings - and sold out investors" - Url.: http://www.mcclatchydc.com/227/story/77244.html

Standard & Poor's - run by Deven Sharma, who is called 'president' - is owned by the McGraw Hill company, residing snugly in the New Yorker Rockefeller Center building. The connection is clear, isn't it? - Source: Wikipedia - Url.: http://en.wikipedia.org/wiki/McGraw-Hill

AFP: "On Tuesday, Fitch credit rating agency downgraded Iceland's long-term debt rating to junk status, from BBB- to BB+, citing a "renewed wave of domestic political, economic and financial uncertainty." - [ ]

Comment: As said: also Fitch follows the swindle money and downgrades Iceland's economy, just like the international usury banks want them to: Rothschild's BIS bank in Basel, Switzerland, and Rothschild's privately owned so called 'Bank of England.' And we better take ad notam what an excellent researcher and publisher like Eustace Mullins wrote about Rothschild's ''Bank for International Settlements,'' the 'One World Bank' BIS? - Google 'selection' - To make up your own mind. - Url.: http://tinyurl.com/brapst

AFP: "The Icesave bill, narrowly approved by the Icelandic parliament on December 31, calls for 3.8 billion euros (5.4 billion dollars) to be paid to the British and Dutch governments who had to compensate more than 320,000 British and Dutch savers who lost money in the collapse of the Icelandic bank. The payout has stirred up resentment among many ordinary Icelanders.

About 60,000 people - or about a quarter of the electorate - have signed a petition protesting against the bill which they fear will doom them to decades of poverty, all because of the mistakes of a handful of bankers and financial regulators that sparked their country's financial collapse in October 2008.

The Icelandic parliament is expected to reconvene on Friday to discuss whether to hold the referendum on February 20, a political advisor for Prime Minister Johanna Sigurdardottir told AFP. Sigurdardottir has staked her political future on passage of the bill, suggesting her government could step down if it were blocked.

A poll among 877 Icelanders and published on Wednesday by the MMR polling institute indicated that 58 percent would vote 'No' to the Icesave bill in a referendum and 42 percent would support it. Meanwhile, Britain and the European Commission warned Iceland a 'No' vote could jeopardise its bid to join the European Union." - [ ]

Comment: How many people and I think about the so called European Union, ought to be known by now. - Url.: http://tinyurl.com/ycrg75m

AFP: "A spokesman for the European Commission, which is preparing an opinion for the EU's 27 member states on how long Iceland might need to join the bloc, said "economic questions like the case of Icesave ... will be analysed very closely." - [ ]

Comment superfluous... - Google search: Web Results 1 - 10 of about 133,000 for "European Central Bank" +BIS - Url.: http://tinyurl.com/yjxer4p

AFP: "Baldur Thorhallsson, a political science professor at the University of Iceland and an EU specialist, told AFP he expected the Icesave debate to play a role in Iceland's membership bid. "A decision is expected in March from the EU on whether to start the negotiations and I think the UK and Netherlands will hesitate before agreeing to the negotiations," he said.

Icelandic support for an EU application soared above 60 percent at the height of the country's financial collapse, with the bloc seen by many as a safe haven. But by September, a Gallup poll showed that 50.3 percent of Icelanders opposed EU membership and only 32.7 percent supported it.

The EU implications however took a backseat in Iceland on Wednesday, with more attention paid to the impact the Icesave bill would have on the country's economic recovery as concerns grew that foreign investment could be hit as a result.

"The key to the recovery is that Iceland has access to (international) financial markets," Vilhjalmur Egilsson, director of the Federation of Icelandic Employers, told the daily Frettabladid." - [and end]

Source: French [Sarkozy!] state information and propaganda bureau Agence France Presse - Url.: http://news.yahoo.com/s/afp/20100107/bs_afp/icelandbritainnetherlandspoliticsbanking

Already in July 2009, the Telegraph's Ambrose Evans-Pritchard who was in Reykjavik, wrote an article concerning "Britain’s 'gunboat' diplomacy still angers Iceland."

Britain's application of anti-terrorism laws over failed banks has created lasting resentment in Iceland. People holding placards of Gordon Brown demonstrate in central Reykjavik last December Photo: AFP/GETTY

Iceland's new finance minister Steingrímur Sigfússon is not looking for a fight with Britain. But like every citizen of this rocky outpost, he thinks the British government's draconian sanctions against his country at the height of the financial crisis last year were grotesque and have made it much harder to clinch a deal to refund IceSave depositors in the UK.

"To apply anti-terrorist laws to freeze Icelandic assets is a long way beyond what is acceptable and it has left a lot of bad feelings," he told The Daily Telegraph. Almost nobody on this island nation can fathom what made Britain think it proportional to list Iceland's central bank alongside al-Qaeda as a terrorist organisation.

Letters reveal UK's battles with Iceland over bank crisis

"Somehow we have to solve this problem in a civilised manner, but the IceSave agreement is very unpopular. People feel that this imposes a terrible burden," he said. Indeed, he himself has to walk a daily gauntlet, passing youths wearing "IceSlave" T-shirts on the Hverfisgata drag.

Mr Sigfússon, a Left-Green radical, said his moral mission is to slam the door on the Iceland's 20-year foray into free-market adventurism, an era that saw the big three banks evolve from sleepy state lenders into global-macro hedge funds with liabilities equal to 11 times GDP.

The trio of Landsbanki (mother of IceSave), Glitnir, and Kaupthing collapsed in October with $60bn (£36bn) in foreign debts, a colossal sum for a nation of just 300,000 people.

"We're going to move away completely from these catastrophic policies. We will bring the country back to its course as a Nordic welfare society, with a strong public sector, and a redistribution of wealth," he said.

Einars Már Gudmundsson, Iceland's top novelist, said Britain's conduct had been deeply wounding. "We have always been a good ally. We lost more fishermen shipping cod to England during the war than you lost on the battlefield, proportionally," he said.

"This proves what socialists have always said, that in a capitalist world, nobody is your friend. I have sympathy for British people foolish enough to believe Landsbanki, but I had never heard of IceSave till this happened. We were told that what these banks did abroad was nothing to do with us, but when it all went wrong the responsibility fell back on us. It is why we feel a great sense of injustice," he said.

Officials are angry that Britain used its influence to block a deal with the International Monetary Fund and Nordic states at the worst moment of the crisis last November. (Britain said Iceland had violated its European Economic Area duties by shuffling assets in favour of domestic interests) But what rankles reformers is that Labour has continued to mete out the much same treatment to the Socialist-Green coalition brought to power in February by the so-called "Saucepan Revolution".

"There has not been any real change in Britain's approach. It has been 18th century gunboat diplomacy at every stage," said one official. For Britain, an irksome precedent has been set. Allies can expect no quarter if they spiral into a deep financial crisis. This could come back to haunt." - [and end] - Url.: http://tinyurl.com/yf4fy2k

And the Saucepan Revolution? - Google search Url.: http://tinyurl.com/yf5g2h2

It's a logical question Kevin G. Hall of the McClatchy Newspapers asks: "Why haven't any Wall Street tycoons been sent to the slammer?" - Url.: http://www.mcclatchydc.com/336/v-print/story/75720.html

In the text it's clearly spelled out who - what group - runs the global fiat money system. And everything points in the direction of the BIS bank and it's group of ominous owners. According to many it's the BIS group and their global fake 'fiat money' which is the root of all evil! The usury system they globally run - and which 'they' also try to get Iceland back into - is a disaster for mankind. But it is the empire's global analysis of hegemony: profit through slavery.

And the best slaves are those who think they are free...

If you look at the millions of dead people in the bloody trail this usury monetary system has left everywhere behind, it shows that it was not working for the majority of mankind. One of the biggest problems is, that the main part of humanity nor I, one way or another can comprehend, that there are creatures, psychopaths etc, who swing the gold scepters behind the curtains, creatures which thanks to Internet are more known every day, that make profit over dead bodies. That on purpose start genocides because they are profitable for them.

You know, that seems to be our problem, worldwide! - Url.: http://tinyurl.com/5vhgm2

And these global usury criminals are not only guilty of the genocides: they commit via their system infanticide too! The United Nations Children Fund: "More than 10 million children around the world die before their fifth birthday every year", according to a June 2008 and 'very underreported' report by UNICEF. - Url.: http://tinyurl.com/ye8cnbl

This is very symptomatic for what the inhuman financial cartel's usury system does to most countries and continents in their malignant power, and what's in store for Iceland too: the worst picture depicting - not only - African reality, the vulture waiting for a child to die... - Url.: http://pamirtimes.files.wordpress.com/2008/05/poverty-picture.jpg

And be sure: 'your' minister of finance knows! Your PM knows! Everybody who profits from this system accepts all this! And they shut up everywhere, afraid as the hypocritical are to loose their place at the trough. The fact that they are silent and accept the killing fields for more power and profit makes all of them guilty by association and worse.

The must all be judged, their wealth taken away, and they all must spend the rest of their miserable lives in jail. Whatever they say they are or claim to be.

That's why the international banksters keep trying to force Iceland back into the usury fold, but let's hope the BIS mafia doesn't succeed.

Knowing the Icelanders a bit, I don't think they'll give in to usury...

Never listen to their words: look at what they are doing!

Then make up your mind.

RELATED:

* CIA Handbook concerning Iceland.* - Url.: https://www.cia.gov/library/publications/the-world-factbook/geos/ic.html

* Rothschild's global control of the monetary flow via the usury 'empire' is concentrated in the Bank for International Settlements: "Who controls global monetary affairs? The BIS! Based in Basle, Switzerland, the BIS is central bank to central banks. The BIS has greater immunity than a sovereign nation, is accountable to no one, runs global monetary affairs and is privately owned. This is a must-read report to understand the globalization process." - August Review - Url.: http://tinyurl.com/ooefbb

* The New EU: Definitely a Superstate - Url.: http://www.brusselsjournal.com/node/2831

* European Union: "These Boots Are Gonna Walk All Over You" - An analysis by Prof. Anthony Coughlan - Url.: http://www.brusselsjournal.com/node/2773

* Our New State Is Undemocratic. Is It Also Illegitimate? - Url.: http://www.brusselsjournal.com/node/4197

* The Iceland Review is a good source of information. - "Iceland Prepares for Icesave Referendum" - Url.: http://tinyurl.com/yhtye3p

* The Brussels Journal knows a lot about the EU - Url.: http://www.brusselsjournal.com/search/node/EU

* Google search: HR & Iceland - Url.: http://tinyurl.com/yj5mbwx

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