Originally posted by tothetenthpower
No, the average joe was not making ANY money, only the bankers and corrupt politicians were. What planet do you live on? Iceland gained nothing in
the last 10 years from having it's economy pirated to the rest of the international community.
Average Joe didn't profit? Really? What are mortgages for? Average Joe profited in material wealth.
Second, Iceland gained immensely from this transaction.
Iceland Export Value (2002): 204,303,000 ISK
Iceland Export Value (2010): 560,000,000 ISK
Nope, Iceland didn't make a thing of off this...
They won't ever have to do that again, considering they now have their own which prints it's own money as is legally allowed and as is the moral
obligation of any nation. No nation should be borrowing money for it's citizens from foreign investors when it can use it's own natural resources
among other things to drive currency.
They have no choice. They are not big enough to operate independently and they are an economy based on trade. There options are to play by the other
guys rules, or don't play.
How does fish and huts (granted, heated by geo) sound to you? That's pretty much all they can provide with out importing.
No, they won't be borrowing any more fiat currency. They have no need for it. With them also moving to a referendum democracy, Iceland is the model
of politics that we should start importing to other countries.
Incorrect. Iceland does not produce any of the resources critical to the modern world. They are completely dependent on trade. They have no choice
but to put their currency up against the global market. What was the krona at before the collapse? 85-90 ISK/Euro. What's it at today? 157.44
ISK/EURO Let's see where it goes when they run out of money again...oh wait, they are already running massive deficits again.
Do you really know economics? Have you not been around in the last 10 years and seen the destruction that international banking cartels have done to
nations all around the world?
The entire financial crisis was planned and executed by these people with their fiat currencies and illegal money practices. The fact that you would
defend these people and blame the citizens of nations who were lied to by them is kind of jarring.
You are questioning my knowledge on economy while you do exactly what the planners want?
Iceland has just become a fully dependent nation...not independent. The have no credit value, they have no international trust, and they rely on
trade. They have become completely dependent on those they were trying to free themselves of...where's the golf clap emote?
This is what the planners want. They want dependence. Dependence gives obedience.
The way out of this mess, and the way to screw with the planners, is to pay down our debts and NOT GET ENDEBTED AGAIN! Plain and simple.
Pay off your credit cards, pay off your mortgage, loans, etc. And never borrow again. If you don't borrow, they have no power over you.
Edit to add:
You do know that Iceland is currently being propped up by the IMF and the Nordic Nations (Sweden, Norway, Finland and Denmarl)?
To the tune of 4 billion Euros (632.77 billion ISK). 1.56 billion IMF, 2.44 billion Nordic.
None of the general population is privy to the details of those..."loans".
You do also know that all of the future projections for Iceland's recovery have been based on the current ISK rate?
Iceland has been sold out as a slave state by their government. Joe average just hasn't realised it.
They went from an ugly, yet manageable state, to a bought and paid for state...
edit on 12-7-2012 by peck420 because: (no reason given)