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In The Meantime Iceland Is #Winning
While Greece and Europe continue sinking ever deeper into the colonial quicksand of Pax Goldmania, Iceland, which blew up, pushed its banks into bankruptcy, and arrested its corrupt bankers, is well on its way to being the world's only normal country.
- ICELAND RATINGS RAISED TO INVESTMENT GRADE BY FITCH
- FITCH UPGRADES ICELAND TO 'BBB-'; STABLE OUTLOOK
- FITCH DOES NOT EXPECT ICELAND TO SLIP BACK INTO RECESSION
- FITCH SAYS ICELAND GOVERNMENT DEBT PEAKED AT 100% OF GDP IN '11
Too bad the Goldman colony of Greece (and soon everyone else - thank you first lien "bailout" debt) will not see headlines such as these written about it any time in the next century.
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Defaulting is winning!
the bankers do it and then get bailed...hell yeah, defaulting is winning...
starve the beasts bitchez...
fucking love iceland
http://www.brobible.com/bronews/story/13156649-10-volcanically-hot-girls-iceland
Go vikings! Killing ugly people and crazy clergy through out Europe for hundreds of years. Shiiit, no wonder Finland and Norway have such a high standard of living.
Where the fuck do I buy Icelandic Krona!?!?!?!?
Do we have a FEMA Camp big enough to put ALL! of Iceland in?
Cause they be needin sum re-edumakshun! STAT! Mother Fuckers!
Not bad, but it didn't have this half-Icelandic half-Italian beauty:
http://img.karaoke-lyrics.net/img/artists/16787/emiliana-torrini-46071.jpg
http://musichottip.files.wordpress.com/2010/08/torrini.jpg
http://i2.listal.com/image/447183/600full-emiliana-torrini.jpg
Facing reality is winning. Running from it is deadly.
More specifically, refusing to socialize private losses is #winning.
Iceland to the Europe: "Everyone who told me I was doing the wrong thing can now go fuck themselves. Oh wait, you already did"
why didn't Ireland do the same? why? instead, the had to bail out Anglo-Irish...
Read "Boomerang" for some insight....
Just to make it clear Iceland did not default on anything. What they did is to allow private companies to fail and refuse to completely socialise the losses (there was some intervention by the State). Capitalism without bankruptcies is like Chrisitanity without Hell, it just does not work!
GO ICELAND!!!!!
Iceland hasn't been around for 1000 years by lapping up to banksters.
+1 for reality
It isn't that great in Iceland -- but I guess that is true pretty much everywhere
Knowing that some crooks are in jail and the worst may very well be behind you, does a lot to raise spirits and manifest REAL hope.
True, especially if you are not going through the hardship the crash has caused. The inflation has hurt lots of folks there and the government is try various 'public works' projects to try and restimulate the economy (a potentially scary thought). But, the worst is probably behind them -- which is more that I guess I can say for us living here....
Who would've thunk that projectile purging and a major league bowel movement by Iceland of the internal rot and decay could have been so refreshing and invigorating?
Who would've thunk?
they are my heroes. In the whole world, just this island. OK now I'm depressed again.
+1 My great grandparents were from Iceland.
Go rub palms with as many americans as possible. Feed them skyr and hangikjot, whateverthehellittakes
Help me Obi Wan, you're our only hope
Of course it is. This is not a surprise. Like the famous fictitious banker P. Bateman would say: Just - say - no.
Finally something to cheer about on Zerohedge! Now we need a leader that will take us where Iceland went.
Houlihan Lokey?
Sounds good but if I can choose, heather locklear pleeeeze!
Snake Plisskin more likely
“the government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By the adoption of these principles… the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
--Abraham Lincoln
Should be required reading in Greece
they should change their name from Iceland to Utopia
If it wasn't so cold and dark during the winters and the population wouldn't look all the same due to serious inbreeding, I'd consider moving there.
no more in-bred than people here west to Chicago, or blacks of South.
alx
It could be worse, much worse. Just wait and see as history rhymes.
WAY TO GO... VIKINGS RULE
ALX
Winning:
http://www.youtube.com/watch?v=9QS0q3mGPGg
When rating agencies turn bullish the one should short... and by the way, how can government debt peak when there is still a fiscal deficit that exceed GDP growth?
Eyjafjallajökull Bitchez!
Hey Greeks, get a f-ing clue. THIS is what you need to do. Iceland is THE model to follow. Storm parliment, burn it to the ground and tell Euro-Political-Banksters to go screw themselves. Take hold of your prosperity and the short term pain that will come with it.
Guess it's time to drop an "i" from the PIIGS...
Long live the PIGS!!
way to show the way Iceland
ignore this fellow zerohedges..got my piigs mixed up..this marke tputs my brains to sleep
Too bad the Goldman colony of Greece (and soon everyone else - thank you first lien "bailout" debt) will not see headlines such as these written about it any time in the next century.
Or until revolution... whichever comes first.
Iceland to be declared terrorist nation in need of being wiped off the map in 3...2...1 (it's for their own good). <sarc>
This is NOT na outcome that the banksters favor. Send in Jamie Dimon to rectify this.
if only their food were not so completely frightening, I'd live there in a heartbeat.
just close your eyes and hold your nose, it all tastes like chicken then.
Uhh.... the rotting shark the Icelanders consider a national delicacy does not taste like chicken. But the Blue Lagoon football field size hot tub near the airport is pretty relaxing.
Bankster help is needed here. Send in NATO and save the people.
Proof positive that the customer is always right. Banks can threaten to smother the customer, but then they wind up with...you guessed it...a lloss of the customer.
What I want to see is governments now explore the option of taxing commodities producers in the commodities they produce, and use them to backstop their currency. For example, lower the tax rate on gold producers but only on the proviso that their taxes are paid in gold. Same with silver, copper, oil, etc.
Would this work? Would this begin to put a solid floor under currencies? By all means, please comment...the question is theoretical.
The only problem with your plan is I'm SICK of governments TAXING everything. Then you turn around and court clerks cops and all govt workers are driving Mercedes, living in 5k sq ft houses and vacationing in the south of France. These aholes are making TWICE what we make for stamping paper and taxing us for everything we do. Soon there will be a fart tax. And it's pretty obvious the money isn't being spent on us. How about this,........get RID of all this friggin GUBMINT!!!!
You are asking if government command economy works. What do you think?
Read the article again.
Thanks for the Iceland update. So refreshing! Can anyone comment about life in the streets through the default to date?
Yes,
It's freakin cold.
Do you ever get used to it?
From today's Chicago Tribune...
Foreclosure abuse rampant across U.S., experts say
Gee...only about 80% are illegal. That's not too bad.
So they let the markets handle the mess. The banks that made bad business decisions went bankrupt and those who committed fraud were sent to jail.
But Zarcozy said that capitalism doesn't work anymore and Europe will be fixed once they get rid of it for good.
It say's so much about the slavery the banks have us into. Fuc$ 'em and defalut, Everyone! Break the bondage!
shots of Brennivin all around...
NICELAND: fairness, no one above the law, free of debt enslavement and on it's way to prosperity!
Free of debt enslavement.
Well if you consider debt to GDP of 90% is free, then, well, you aren't quite right in the head.
"The four credit rating agencies which monitor Iceland's sovereign debt all lowered their ratings during the crisis, and their outlook for future ratings changes is negative. The Icelandic government had a relatively healthy balance, with sovereign debt of 28% of GDP and a budget surplus of 6% of GDP (2007). Debt is now 90% of GDP and Iceland has a budget deficit.".
http://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis#Sovereign_debt
Ísland - geothermal energy and plenty of fishes, bitchez ...
Why is it that the people of other nations do not see this and do not rebel against their slave masters?. Including US.
the average icelander must be better educated than the rest of the world.
My guess would be - small enough population that personal social interaction was able to counteract the mainstream media disinformation and suppression of social Will.
In larger countries, the situation is well past the point where there would have been violent revolutions, if the only influence was what people discussed with their friends and colleagues.
The mainstream media really are effective social conditioners, and so Sheep become Lemmings...
Burning down parliaments and banks would not be enough. The Zionist/Elite media apparatus also needs purging.
Exactly, TD. Iceland is the story the NWO do not want anyone to hear. Iceland´s turnaround is buried in the news so EU taxpayers don't get any funny ideas about an alternative model how to deal with the odious debts pushed on the sovereigns. The banks made big bets on the fiat socialist Ponzi schemes and they lost, and now they have to pay.
The PIIGS need to work together as a bloc against the banks. The banks certainly don't have any problems coordinating against them, picking them off one by one. Default is the Sovereign's big hammer and they need to collectively make the threat real or just do it before bankers replace every elected politician with Goldman alums.
Are they still Sovereign or not?
Right gwar5, This is war. A sovereign country vs. the banksters except, the only bullets are those being fired against protesters.
You're another one ignorant of the current state of Iceland's sovereign debt. And the 8 people who upvoted you.
"The four credit rating agencies which monitor Iceland's sovereign debt all lowered their ratings during the crisis, and their outlook for future ratings changes is negative. The Icelandic government had a relatively healthy balance, with sovereign debt of 28% of GDP and a budget surplus of 6% of GDP (2007). Debt is now 90% of GDP and Iceland has a budget deficit.".
http://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis#Sovereign_debt
Bearing in mind that Iceland is now Sovereign non grata with the international banking cartel. Aka 'international jewry'.
Can anyone recall what happened last time a country cheesed off the banker tribe by cutting loose from the banker monopoly on creating money as debt? This-
http://www.wintersonnenwende.com/scriptorium/english/archives/articles/j...
Well I guess it won't go quite the same this time. WWIII with Iceland vs everyone else seems unlikely. Though, that's pretty much what happened to Libya, for similar reasons.
But for sure there'll be a great deal of vindictive credit downgrading and disinformation, slandering Iceland.
I just hope that there will be some sanity in other governments and they all tell the bankers to go to hell.
The just say NO defense !
Most unlikely, since the other governments are owned by the bankers. Or in many cases, actually are the bankers.
i just purchased some Icelandic currency today ..i figure they've already had their banking meltdown and have passed (with flying colours) the diseased part and returned to good health (let the cancerous banker scum go bust, just as capitalism intended)
a nice wadge of Icelandic gives me a better feeling than the flogged currencies from the British, USSSR and EUSSR propped up zombie economies
and full credit to the Icelandic people for voting against bailouts of their gambling junkie bankers and Icelands politicians for giving the people a democratic vote on the issue... they've out-thought every politician, civil service and banker across Europe and America (not hard to do with the dumbest most corrupt bunch of village idiots since Rome 2,000 years ago - also destroyed by thieving bankers)
Refreshing
Iceland Rules
Hear Hear!!
I LOL'd
can a Goldman bwanker get into Greece without being skinned alive?
Hardly a 'colony' then, more like a no-fly zone ...time we followed and made bwankers feel uncomfortable and knock em out of their cushy thieving arrogance
Hysterically funny and sad all at the same time. The Squid will have more "colonies" if there is no push back... modern day Knights Templar.
Not only that, but all the distraction was good for fish stocks. Bullish!
Iceland's government of 2008 failed to save the banks, they were just too big.
The current governmetn has socialized lot of private bank debt.
But the Icelandic public voted twice overwhelmingly in plebicites against a sovereign guarantee of cross border deposits of a failed private bank (Icesave dispute).
Given the opportunity, the Icelandic public would probably reject all attempts to backstop banks with taxpayer money.
The lesson from Iceland is: do not socialize of debts of private banks.
Swain the Icelander
Winning, Greece style...
http://9gag.com/gag/2681884
Congrats Island!
Goldman Sachs is a den of vipers. Crush the infernal thing!
Correction
ICELAND RATINGS RAISED TO INVESTMENT GRADE BY FITCH
FITCH UPGRADES ICELAND TO 'BBB-'; STABLE OUTLOOK
FITCH DOES NOT EXPECT ICELAND TO SLIP BACK INTO RECESSION
FITCH SAYS ICELAND GOVERNMENT DEBT PEAKED AT 100% OF GDP IN '11
ICELAND TELLS FITCH TO GO F**K ITSELF
GO ICELAND! Iceland's leading the way for the rest of the free world.
I absolutely love Iceland. Been twice now. (Pre and post crash).
Partying on Friday and Saturday nights is absolutely off the hook. Lots of hot women and the bars don't shut.
For us foreigners, pre crash beer = $20, post crash = $8.
Was there in August and speaking to quite a few locals, who said they are still struggling with inflation. Of course this is cost-push inflation due to Krona devaluation.
Took a tour of the geothermal power plant. Amazing, 3 staff run the whole place!
Greece doesn't have this luxury (of being nearly energy self sufficient).
Fitches Icelandic upgrade to me is some spin they will use on the Greeks to say how they need to follow Iceland's example...
.. unless Greece becomes 97% energy self sufficient, and drops it's population by 10m to match the model doesn't work.
any other nations on earth with free energy?
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