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

Originally posted by poet1b
reply to post by VitriolAndAngst

 

Starting with re-instating the usury laws, and firm regulation of the banks.

I don't see how that will work when the ones with money just buy off the people they need to. The whole system is corrupt. We need something completely different. Centralization of power only means the corruption will happen because it's easy to buy a few people off. Everyday "decentralized" people have lost power. The trend we see is even further centralization of power, to make it even easier for the world to become more corrupt. It's too easy to control the world when only a few monopolies or oligarchies control any given area whether it's political or in business.

If our politicians were forced to live poor or near poor like most of us, we'd have a chance. No special treatment. No fancy packages or pensions. No suits, nothing. I read that a lottery (random) system could be used to elect people to make sure nobody gets in 'with help.' One term per person, and they wouldn't have Secret Service to protect them -- they'd have secret service to make sure they stayed poor like they were before they started. None of this living the damn high life and being wined and dined by the rich corporations and then being protected for life because you did things that are for the detriment of 99% of the people in this country. Being found guilty of corruption should be followed by the highest form of punishment, and we need to make sure it is enforced as often as necessary.

reply to post by sligtlyskeptical


You hit the nail on the head, time to be un-dependent on the gummit. Again the onus is rightly on the person.

Are governments unscrupulous? yes

Are banks unscrupulous? yes

Are people unscrupulous? yes

I don't see how the people were duped???

If I agree to sell you a marble that is worth $0.01 and you buy it for a $100, because I think it is worth $100. Then you are the fool. The value or worth of "anything" is only what 2 parties agree upon at the time of sale. If you let someone tell you what something is "worth" with zero fact checking then expect to be ripped off.

Originally posted by Damrod

Originally posted by Hessling
Go Iceland GO!!!!!!!!!!!!!!!!!!!

Now be a lesson to other nations around the world. Let's hope a trend has begun.

You can bet the people of Greece will be watching this develop.

Greece already did this...in fact, I think they were the first. it is not 100% for everyone....you have to provide a solid reason why your debt should be nullified...I don't know all the details but I know this is not new.

Well if Greece did this and was successful shouldn't they be a beacon of light? Show me how debt resolution is saving any country? I'm not attacking you I just want to see something credible.

I have babies to eat...

Originally posted by hawkiye

Originally posted by milkyway12
Hmmm. People are excited to get out of an Agreement they willfully signed ... sounds about right. GIMME GIMME GIMME.

Dont make an agreement if you dont intend to keep it.

If you sign an agreement that is not fully disclosed to you then it is null and void. Every Mortgage is a fraud no money changes hands because there is no money just debt created from thin air. To bad most people have no clue how their mortgage works and continue to believe the BS propagated by the banksters and politicians that have the whole world on the verge of complete economic collapse. Perhaps they will believe when it becomes hell on earth because these criminals stole all our wealth with this fraud and people are starving and killing one another just to try and survive...

^^^Not a homeowner.

Dude or dudette..really? every mortgage is a fraud? Then I should not pay my mortgage and direct all inquiries to your IP addy? If you are sentient go take an economics class.

You don't like how things are going? then Vote! And tell your incumbents you will help vote them out of office if they don't prescribe to your brand of politics.

edit on 14-4-2012 by hawkiye because: (no reason given)

reply to post by JaneC


It starts with 1 person my friend...you refer to it as "they", as if you are not included in they...I live in America and I want us to do the same, and believe me when I tell you I wouldnt even know where to start, but do not disclude yourself from the rest, as I said it all begins with 1.

reply to post by daynight42

I don't see how that will work when the ones with money just buy off the people they need to.

So we should just give up, bend over, and let em have their way? Seems like that is what someone has convinced you to do.

We have succeeded in regulating banks before, and we can do it again. Just stop buying into the Bull about free markets.

Mob rule: Iceland crowdsources its next constitution article from the guardian:
"It is not the way the scribes of yore would have done it but Iceland is tearing up the rulebook by drawing up its new constitution through crowdsourcing."
link to the article

Icelands proposed new constitution is awesome. Everyone should take a look, only 25 pages!
A Proposal for a new Constitution for the Republic of Iceland

Wiping out citizen's debt was just a step in a plan to reform Iceland to an ideal society.

New direct democracy website opens in Iceland
"The goal of the website is to directly link voters to their representatives, allow MPs to call for ideas and opinions from the public and to increase overall political consensus, RUV reported."

sounds like a victory 4 the people ..... or big trouble 4 the rest of us, these bankers just dont fold and say ohh!!!! you got me . we just call it even... maybe ..... then again maybe not

reply to post by emberscott


That's not what the article says at all. She simply stated that the Icelandic undercover/unmarked police car was like what we have in the US. We're not used to those in Iceland.

Also, the referendum and refusal to repay the "debt" is not a new story. This happened over a year ago (roughly).

Besides the Banks, crooked, predatory "fly by night" morgage companies / brokers, realtors and appraisers have a hand in this whole mess too! These people outright LIE to you, and I learned this lesson the hard way......anyways, thought I would share some information I learned a few years back when I worked for property management Co.

My boss ended up buying a bunch of "de-faulted" loans, these things are sold in "groups", so let's say Chase bank wants to "un-load" a bunch of bad loans, they sell the "deeds" to those houses at pennies on the dollar to basically anyone who has the money and sets up an "investments, LTD, company. My boss hired a lady with real-estate lisence to run this new co. and my assignment for 6 mns ( thank God, it wasn't longer, I was trying to "save" my house, but once I understood what I was helping with and what the Co. was doing, the "moral" implications bothered me a great deal. ) was to be her assistant.

All of these properties were in USA, but all were in different states then where I live, CA, alot of Michagen, Ohio, Arkansas, Oklahoma properties as I can remember. Now the the homeowners have no idea thier mortgage has been sold, and most believe thier home has already been foreclosed on, and had no idea they even still had rights to that home and infact we needed them to either agree to sell the home or re-negotiate a new loan with the co. I worked for, which was the only "silver lining" to this job, some people got some Great new mortgages if they had not already left thier home or wanted to move back into thier home rather then sign the papers to sell. A "real" foreclosure" could be done by our co. if no deal could be made with the homeowner, but that was the the least desirable outcome. ( lol, that's where those whole get rich quick schemes come from, some property is just abandoned, even by the "deed" holder and sold at auctions if you pay whatever taxes are owed.)

Now this is the part that blew my mind, most of the properties that were bought valued between 25k to 150k, if sold at market value, the actual cost that my co. paid was under 5k for most of them, it was crazy, and we're talking very modest homes of working class families, what if they could have bought back thier own home at the same price the bank was willing to sell it for? Wow and heck the banks still could have even doubled thier money if they were even willing to meet half way, heck, even 10% of the way.

Homeowner owes 50k, bank sells deed to 3rd party for 5k, original bank has "washed" thier hands "clean" of "responsibility", lol, I know my boss ultimately regretted getting into this whole mess, and to his credit he really had a heart, and gave people some amazing deals that wouldn't have been offered by a "conventional" bank.

Anyways that's my thoughts on the subject, if you are in a situation of foreclosure, find out who actually holds your "deed" and try and make contact with them, understand you are in a situation to "bargain". I would also say don't leave your house, pay as much as you can, if those payments are accepted, even if under the full amount due, it makes a difference legally. Gosh, the stories and situations people were in was beyond heartbreaking, death, illness, military families, and you really could tell the difference between "deadbeats" and nice people being dealt a bad hand.

Last but not least ,to folks that feel resentful toward others that got caught up in this whole mess, and lost thier homes, I understand your frustration, and acknowledge the hard work and effort you have put in to paying off your homes, but I will ask you to please consider, if the government has the right to take away your home if "deemed" in" OUR " countries "best interest", how safe is your home?

In hindsight if I understood then, what I do now, I would have never given up our home so easily, we had 105k down payment invested, plus 3 years payments on loan, the "DUMB- ASS" thing I did was to re-finance the loan, and for those that say "hey you signed the papers, too bad , too sad" our so "helpful" mortgage broker was a no show and unavailable by phone when the Notary lady showed up at our house at 7 pm in the evening to have us sign papers.

My original intent was to re-finance our loan, knowing that our payments were going to go up, based on the DUMB-ASS deal we made to begin with, I'm talking our payments going up by $800 , lol, it's so funny cause I remember when I raised this concern at the time our real-estate agent said "well, in 2 yrs you'll be doing better, and honestly I believed that at that time.

Anyways.......live and learn, these folks are "slick" and it's way more complicated then I understood at that time.

Originally posted by poet1b
reply to post by daynight42

 

I don't see how that will work when the ones with money just buy off the people they need to.

So we should just give up, bend over, and let em have their way? Seems like that is what someone has convinced you to do.

We have succeeded in regulating banks before, and we can do it again. Just stop buying into the Bull about free markets.

When the government decides who wins and who fails? Free market? No. Crony capitalism more like. Not saying there needs to be regulations to prevent this sort of thing, but the HERP DERP Capitalism is bad rhetoric grows old.

Originally posted by 3litechasr

Originally posted by Damrod

Originally posted by Hessling
Go Iceland GO!!!!!!!!!!!!!!!!!!!

Now be a lesson to other nations around the world. Let's hope a trend has begun.

You can bet the people of Greece will be watching this develop.

Greece already did this...in fact, I think they were the first. it is not 100% for everyone....you have to provide a solid reason why your debt should be nullified...I don't know all the details but I know this is not new.

Well if Greece did this and was successful shouldn't they be a beacon of light? Show me how debt resolution is saving any country? I'm not attacking you I just want to see something credible.

I have babies to eat...

Chill!...I didn't say this was good or bad....simply stated that...while working through their national economic issues....this has already been implemented in Greece....To what level I don't know...I don't live there....I used to talk online with a person from Greece but over the last few months, I have not seen them around. They have issues....who knows what it will take to fix it. If you are 100% socialist supporting and you have gotten over that...that is fine....but you need to realize that someone has to be working and generating revenue....You can't have "Everyone" sitting at home getting a check and housing....someone has to pay the bills.

reply to post by poet1b


sure, renegotiate, but not just wipe out debt. Nothing is free, you shouldn't just be given a free home because the bankers broke their end of the bargain. They of course should be in serious legal trouble and the loans re examined, but not just give away free homes essentially.

reply to post by MaMaa


Most of these people have put down money, and made payments on the mortgage, not to mention investing their time and their hopes in their new property. It certainly isn't fair making them walk away with nothing due to the crimes committed by the bankers.

And, a whole lot of homes out there purchased at inflated prices should see their mortgages reduced.

reply to post by kn0wh0w


I can't help but remember the thread about all the banking resignations and arrests and such. Is this really all it takes to stop them is for the people to be heard? I always kinda thought that was a nice but unrealistic idea but when you see it happen, it really proves that anything is possible. Let's hope it doesn't stop there...

anyone notice the Icelanders are saying this is a HOAX!!!!

Shock Testing the masses of the world to see if were ripe to be bought out.

If you believe this you are a sucker.

Though one can never know but IMHO i think this is just to create the false hope that there is a progresssive move away from the crooked and corrupted normality of the military industrial media complex that we have come to know so well! The truth is unless people stand against these bankers and politicians accross all the lands we will be looking at a total collapse of civilization! You can call me crazy all you want but I have suspected this trend since the late 1990s and now it looks as if there is much evidence of this being a fact! Even if this was true
I would'nt consider it hopeful until a country possessing nuclear capabilities has made this same move! After all
Maybe Iceland will be the next Iraq!

reply to post by kn0wh0w


Yeah... I´m an Icelandic native, and I can tell you for sure that there are no debts what so ever being wiped out except for those of the bankers and the big "investors".

I´m being totally serious. Not trying to burst your bubble, but the source of your information regarding this is either horribly wrong or just flat out lying (witch seems more likely to me. Big brother spreading lies about a recovering economy and hope for justice).

Politically, things over here are baaaaad... our government does nothing but spew out numbers they got from entering questionably accurate information into a computer somewhere, at a questionably not-bias research company.

Hope this clears anything up for you guys.

Have we had enough time to understand and correct typos?

Oh how I wish they would do that in the states. If only to prove a point. The way it stands now you can be twenty years in on a mortgage, having paid nearly twice the amount of the original loan, get foreclosed and STILL end up paying more money.