Iceland Wipes Out Citizen´s Debt! Bankers On Trail!?, page 5


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reply posted on 14-4-2012 @ 09:13 AM by curiouswa
The important thing here is to make sure the source is reporting accurately. I couldn't find a reputable news source, even in Iceland reporting what we read in the opening thread.

www.reddit.com...

Iceland forgives mortgage debt of its population (youtube.com)

I live in Iceland and this statement is far from true. Only in certain situations does this apply. The elderly, the disabled and other minority groups are not only losing their homes but also starving. The more you owed to the banks the more likely you could have your mortgage lowered. Why? It is more likely the banks will be able to get some of the debt back instead of sending all to bankruptcy And # the old and disabled people, they will never be able to repay so why spend a dime there?

I am icelandic and live in Iceland and i want to tell everyone that this is not true , a certain type of loans and their terms was corrected through the justice system but the public is basicly still struggling with the money fascists and secret societys. But not for long


reply posted on 14-4-2012 @ 09:29 AM by wmd_2008
reply to post by kn0wh0w


A lot of Icelands debt is to foreign banks SO if that effects YOU I wonder how long you will support the Icelanders



reply posted on 14-4-2012 @ 09:47 AM by rjomaterta
reply to post by kn0wh0w


I'm from Iceland and i can tell all of you that this is straight up BS.


reply posted on 14-4-2012 @ 11:26 AM by Patifier
Originally posted by rjomaterta
reply to post by kn0wh0w


I'm from Iceland and i can tell all of you that this is straight up BS.

Why and how?


reply posted on 14-4-2012 @ 11:33 AM by randyvs
reply to post by curiouswa


The important thing here is to make sure the source is reporting accurately. I couldn't find a reputable news source, even in Iceland reporting what we read in the opening thread.


I agree to the max.Five pages with nothing reputable ? Could this be dis info on the part of the bankers ?


reply posted on 14-4-2012 @ 01:00 PM by rjomaterta
reply to post by Patifier


Because I pay attention to the news everyday and especially politics and economics.
2 Years ago if I remember correctly some of the international basket loans that the banks where offering were condemned illegal by the Icelandic court(Hæstiréttur).
But these basket loans were mostly for automobiles and the people who had those loans didn't need to pay them anymore and some, like me, got refunded for the loan.
But Iceland's dept is still #ing high, and thank good we said no to paying the Ice Save accounts. No way in hell that i am paying for the mistake of some few #ers.
And another thing about Iceland is that we have a really socialistic government right now trying to eliminate competition be increasing taxis and regulations. Which makes it difficult for the middle class and small companies, for example my grandfathers company is struggling and he has almost no work projects.
Every country on this planet is using fiat currency, including Iceland.
Our government is still spending money like crazy and that is adding on to the dept, but they just try to increase taxis instead without thinking about the negative aspect of doing so.
Our president just signed some treaty/act with David Cameron about "making the internet more safe and legal" some BS.

Iceland is really #ed up. Unemployment is really high and a lot of people would rather get benefits from the government because it's higher than the minimal wage.

# just seems to be getting worse if something.


reply posted on 14-4-2012 @ 01:05 PM by troubleshooter
reply to post by kn0wh0w

My understanding is that this happened last years ie old news.
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