comment B:/ this is a step in the right direction... for the people and not the Financial Parasites ..I wish every Nation would have the courage to do as the the govt of Iceland is doing to help its people survive the Financial Predation and Cannibalism of International Loan Sharks and their grovelling , dutiful sycophants. Lets reduce this down to simple bottomline actions. You gain control of Printing Money.....you then issue it at interest and thru usurous means, create endless Debt...this enslaves the borrowers in perpetuity.....and thus hands over manipulation and control to the loan sharks.....by inflating prices you never have enough to buy into your Visions or Dreams and thus must go to the very people who have created the System of Debt, to borrow, at interest etc......to finance your endeavors.....these people then own your endeavors until if you are lucky you can manage to pay off the debt....but then the backdoor is they tax you to death so that you again never have enough to finance your hopes and dreams....an endless cycle of Predation , legalized and enforced by the police who protect them and not you. I could go on, but anyone who has enough experience in life, and seen what Poverty and Broken Hopes can do , knows that the System which is enforced by the very govts which are bought and owned by the Mega Rich , and those who control the Issuance of Money to borrow from Thomas Jefferson create the rules of the game grid upon which humanity by necessity must play and adhere to, or suffer the debilatating consequences.....the entire System as Bernard Lietaer stated in the Future of Money amazon/The-Future-Money-Creating-Wealth/dp/0712699910 is based on Scarcity not Abundance .......it is basically from my point of view a System of Financial Predation enforced by institutions like the Policing Forces and Govts who make sure that the rules remain in favor of those benefiting from the extortion and predation.....it creates Financial Cannabalism among the people who must fight for the crumbs that fall from the masters tables ....euphomistically called Trickle Down Economics ......a joke in my opinion......the Purpose of Life is to create Happiness not Misery....to allow Freedom and Liberty to expand the Horizons of Human Life to its greatest possibilities and expectations....oh well.. so be it....B:/ Iceland Defies Banks: Advance $1.2 Billion Debt Relief Plan By RT December 01, 2013 Information Clearing House - RT - Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions. The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won the late-April elections on a promise of household debt relief. According to the government’s website the household debt will be reduced by 13 percent on average. Citizens of Iceland have been suffering from debt since the 2008 financial crisis, which led to high borrowing costs after the collapse of the krona against other currencies. “Currently, household debt is equivalent to 108 percent of GDP, which is high by international comparison,” highlighted a government statement, according to AFP.The action will boost household disposable income and encourage savings.” The government said that the debt relief will begin by mid-2014 and according to estimates the measure is set to cost $1.2 billion in total. It will be spread out over four years. The financing plan for the program has not yet been laid out. However, Gunnlaugsson has promised that public finances will not be put at risk. It was initially proposed that the foreign creditors of Icelandic banks would pay for the measure. International organizations have confronted the idea with criticism. The International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) have advised against it, citing economic concerns. Iceland has “little fiscal space for additional household debt relief” according to the IMF, while the OECD stated that Iceland should limit its mortgage relief to low-income households. In the meantime, ratings service, Standard & Poors, cut back on its outlook for Icelands long-term credit rating to negative from stable, stating that the economic measure could affect the confidence of foreign investors if it ends up being paid for by the existing creditors of Icelandic banks. [] [] Making a difference one person at a time Get informed. Inform others bellsouthpwp.net/B/i/Biophilos/index.html continuing the work for a better world Please help and support the work and writing of Biophilos for Enlightenment and Humanity Please Donate what you can , and Help my Work to continue [] TRUTH HEALS THE LIE...Biophilos ye shall know the Truth and the Truth shall make you FREE Christos
Posted on: Tue, 03 Dec 2013 09:18:39 +0000
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