Hey all
What has happened in Iceland over the past 4-5 years imo is one of the most important events of modern times.
But did the Mainstream Media cover ANY of it? Nope. (shhh!)
Here is a solid little documentary that sums up this incredible, Intelligent, Peaceful, and (most importantly) SUCCESSFUL Revolution not only against their leaders, but against the entire government, media, and banking system itself:
Iceland is leading the way - (Mainstream Media is leading you the other direction):
More Bad-Assery from Iceland
This needs to be revisited
I'm gonna do some research in the next few days of how this is coming along...
I'm gonna do some research in the next few days of how this is coming along...
Iceland continuing to Clean the FUck UP:
Wonderful to see, its amazing the progress they've made not get more serious attention:
http://www.businessinsider.com/iceland- ... tem-2015-4
In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money.
Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.
The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".
"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.
The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.
According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".
Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.
He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions.
In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit.
The central bank can only try to influence the money supply with its monetary policy tools.
Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money.
"Crucially, the power to create money is kept separate from the power to decide how that new money is used," Mr Sigurjonsson wrote in the proposal.
"As with the state budget, the parliament will debate the government's proposal for allocation of new money," he wrote.
Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.
Mr Sigurjonsson, a businessman and economist, was one of the masterminds behind Iceland's household debt relief programme launched in May 2014 and aimed at helping the many Icelanders whose finances were strangled by inflation-indexed mortgages signed before the 2008 financial crisis.
The small Nordic country was hit hard as the crash of US investment bank Lehman Brothers caused the collapse of its three largest banks.
Iceland then became the first western European nation in 25 years to appeal to the International Monetary Fund to save its battered economy.
Its GDP fell by 5.1pc in 2009 and 3.1pc in 2010 before it started rising again.
Wonderful to see, its amazing the progress they've made not get more serious attention:
http://www.businessinsider.com/iceland- ... tem-2015-4
In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money.
Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.
The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".
"The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy," Prime Minister Sigmundur David Gunnlaugsson said.
The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.
According to a study by four central bankers, the country has had "over 20 instances of financial crises of different types" since 1875, with "six serious multiple financial crisis episodes occurring every 15 years on average".
Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.
He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions.
In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit.
The central bank can only try to influence the money supply with its monetary policy tools.
Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money.
"Crucially, the power to create money is kept separate from the power to decide how that new money is used," Mr Sigurjonsson wrote in the proposal.
"As with the state budget, the parliament will debate the government's proposal for allocation of new money," he wrote.
Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders.
Mr Sigurjonsson, a businessman and economist, was one of the masterminds behind Iceland's household debt relief programme launched in May 2014 and aimed at helping the many Icelanders whose finances were strangled by inflation-indexed mortgages signed before the 2008 financial crisis.
The small Nordic country was hit hard as the crash of US investment bank Lehman Brothers caused the collapse of its three largest banks.
Iceland then became the first western European nation in 25 years to appeal to the International Monetary Fund to save its battered economy.
Its GDP fell by 5.1pc in 2009 and 3.1pc in 2010 before it started rising again.
Thank you to our Icelandic friends, you are truly inspiring. Sovereignty needs to be put before globalization, and this is a great way to do so.
it seems like they're doing what the COMER case wants to do?
^ yeah man, there should be way intense communications between COMER and Iceland
I have yet to see any sort of bridge. This is kind of weird, no? I haven't even heard any references to Iceland by COMER lawyers etc (then again I don't read/listen to everything)
Iceland should be teaching seminars on this shit to groups everywhere
I have yet to see any sort of bridge. This is kind of weird, no? I haven't even heard any references to Iceland by COMER lawyers etc (then again I don't read/listen to everything)
Iceland should be teaching seminars on this shit to groups everywhere
Bill Still Approved!!
:D
:D
Icelandic bankers released from jail years early
http://icelandmonitor.mbl.is/news/polit ... ars_early/
Three bankers from the defunct Iceland bank Kaupþing are to be released from jail today – after serving just one year of their 4/5-year sentences.
http://icelandmonitor.mbl.is/news/polit ... ars_early/
Three bankers from the defunct Iceland bank Kaupþing are to be released from jail today – after serving just one year of their 4/5-year sentences.
^ On top of this, the Icelandic President was named as a leading figure in the PANAMA PAPERS ( panama-papers-t3493.html )
Their revolution may not have been as long-lasting as they thought
Their revolution may not have been as long-lasting as they thought
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