Iceland told the Banksters to fuck off and die…
“While the euro area grapples with record joblessness, led by more than 25% in Greece and Spain, only about 4% of Iceland’s labor force is without work.”
Save the world from the banksters…
 Sequestering the Poor, UFO Phenomena, Wall St. Extorts Washington
Must quibble with the guest about calling Eric Holder “afraid” of prosecuting JP Morgan and the Wall Street banksters. Eric Holder is not afraid. Eric Holder is an employee of said banksters. He is where he is to do the job he is doing. There’s nothing to do with fear at all. Why would anyone believe a criminal’s excuse for why he’s too “afraid” to do his job? He is aiding and abetting the banksters, that makes him one of them.
This contains at least one factual error. Glass-Steagall was repealed in 2000, not 1993. Plus a lot of incendiary, and sometimes inappropriate imagery. Still.
Some are hyping this service as a replacement for banks.
Personally, I like a credit union with oversight and actual physical presence under the jurisdiction of some government entity(ies). This may catch on, but it does seem to have a weakness, and that is the integrity of the system not getting hacked, such that digital “coins” don’t just disappear one day. See what you think?
Everything works perfectly, until it doesn’t. Then what?
Outstanding leadership. Iceland flipped the finger to the banksters of the world in 2008, and did the exact opposite of the US and Europe. And I want to go live there.
“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing here in Europe.
…Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and tele-communication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. People in enlightened democracies are not going to accept that in the long run.“
“An Inconvenient Truth’ for the Economy”
Go to film website.
For Christmas, why not consider watching It’s a Wonderful Life, below?
Frank Capra’s masterpiece has lived on as THE Christmas Movie, in part because it’s in the public domain. Yes, anyone, anywhere can play the film or broadcast it, now that it has slipped into the public domain. A couple of years ago I caught the DVD version, and interviews with Capra’s son. Through a clerical mistake the film’s copyright lapsed. Then it became the most played Christmas movie of all time mostly because it was free, and no royalties need be paid by television broadcasters.
The film should resonate today, as its main character is fighting the evil banksters of the day by championing a public interest bank, like a Credit Union. Economist Ellen Brown has been writing about similar struggles as in the Bank of North Dakota, and efforts to enact state banks that don’t siphon off profits to private profiteers.
The Public Banking Institute is the place to go learn more about that. Their site proclaims, “Public Banking — it already works in the United States and is catching on! 20 States are considering some form of state banking legislation.”
“Peace on earth and good will toward men (and women).”
Hörður Torfason speaks out about how Greece can fight back against the bankster mafia currently ravaging their nation.
Article explores the current situation in Iceland, and how non-violent massive protest (Nordic Spring?) threw out a government and ushered in a fair Constituion that barred banks from raping their nation any longer.
Iceland section of the film Inside Job: