WATCH: Protesters In Iceland Hurl Eggs At Politicians
Dairy missiles fired at politicians.
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Eggs Make All The Difference
It's interesting that we've now seen 2 sets of protests erupt over the bailouts across the globe. In the U.S., the Occupy protests failed, the criminals remain free, and the economy is stagnant, kept alive by a set of industrial strength Hewlett Packard printers in a 10' by 12' shed behind Bernanke's house in Great Falls, Va.
In Iceland, the protests succeeded, the bankers were prosecuted and jailed, the economy is thriving and unemployment is below 5%.
In analyzing this dichotomy, the inescapable conclusion is that what makes the difference between failed protests and successful economic policy are hurled eggs.
Maybe next time...
Reader Comments (5)
Iceland is not heaven. It is following the IMF rules and is using fiat currency with a central bank.
The Iceland government is still commited to making the private bank debts public by treaty.
wake up.
So, what's His Lordship up to ? He's thinking globally, strategising in anticipation of where the bank failures due to govt insolvency will start first.
For Him that's the most important thing to be done, to prevent bank runs, as it keeps the populations calm, while they are being subjected to progressively more austerity by increments, to destitution, their reluctant consent obtained and daily reinforced by pointing at them unpayable govt debt, which in reality is entirely fraudulent compounded interest, the consequence of a network of private central banks issuing the currency of most of the nations' of the world at interest.
Will there be a financial collapse ? No. The hundreds of Trillions of indebtedness will be quarantined, mothballed, sequestered, and will be deemed as not any longer accruing interest. Institutional debtors and creditors will come together over time to organise progressive cancellation of the debt by mutual set offs. Those parts of the debt, which if cancelled, and would cause a sense of injustice in some institutions, will be redeemed by these member banks now being handsomely replenished by the Federal Reserve.
For the above to work, these debts approaching the Quadrillion mark, need be put on ice, that is, attract zero interest, for the whole financial system to regain stability.
If Rabbi Ben Bernanke continues to keep his wits about him, he should pull it off, with negligible inflation, but with a world population reduced to permanent poverty or destitution, as planned.
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Michael
Yes we understand. It's called sarcasm.