Iceland is on fire. by Wulfenstar

REAL WORLD EVENT DISCUSSIONS

Iceland is on fire.

POSTED BY: WULFENSTAR
UPDATED: Wednesday, January 28, 2009 01:21
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VIEWED: 1174
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Friday, January 23, 2009 8:28 AM

WULFENSTAR

http://youtu.be/VUnGTXRxGHg

Funny how the news agencies here don't report this.

I guess they don't want people getting ideas.

fascist news conglomerates.

http://www.huffingtonpost.com/iris-lee/iceland-is-burning--day-2_b_159
863.html

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Friday, January 23, 2009 11:27 AM

FREMDFIRMA

Oh I been watching it - been cloutin currencies to make a buck off it too.

Got some business interests over there, but they're prolly gonna wind up a writeoff, not too much interest in uncut precious stones when folks are more concerned about food on the table - speakin o which, I hope their fishermen are doin ok, cause all the good fish n chips is based on their takings.

-F

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Saturday, January 24, 2009 7:38 AM

JAYNEZTOWN

If this continues the Icelandic and British systems will be first to experience a complete collapse

Then if Obama does not do right this followed by the failure of the US Dollar

The Europe and the Euro will go, basically because Europe got too heavily connect with the Wall St Crime Syndicate

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Saturday, January 24, 2009 11:22 AM

OUT2THEBLACK

'MSM' report from across the pond :

http://www.timesonline.co.uk/tol/news/world/europe/article5559773.ece#
cid=OTC-RSS&attr=797093

From Times Online January 21, 2009

World Agenda: riots in Iceland, Latvia and Bulgaria are a sign of things to come

Our third global political column explores the start of an age of rebellion over the financial crisis - beginning in Iceland

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Saturday, January 24, 2009 11:29 AM

OUT2THEBLACK

True .

The British pound is finished .

Story :

http://www.informationclearinghouse.info/article21810.htm

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Saturday, January 24, 2009 4:11 PM

DREAMTROVE

They're trying to take out Iceland as an offshore currency center. It's a threat the Euro and the potential global currency unit.

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Monday, January 26, 2009 6:56 AM

WULFENSTAR

http://youtu.be/VUnGTXRxGHg

Now Icelands government has quit.

Wow.

Rule 1.
Don't go toe-to-toe with a bunch of pissed off Vikings.

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Monday, January 26, 2009 9:21 AM

HERO

Quote:
Originally posted by Wulfenstar:
Now Icelands government has quit.

A country has no hope if folks can't spell the names of their cities.

Wrek-Jav-eck?

First thing I'd do as leader is change their capital to Icelandtown, Icelandburg, Iceland City...or Cleveland...

H

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Monday, January 26, 2009 10:45 AM

DREAMTROVE

Doesn't anyone else see the hand of the Euro in all of this destruction of non-euro european currencies?

[edit]

Motive, Means and Opportunity:

Motive is clear, the euro is the benefactor of the localized economic collapses of Iceland and Britain, in fact, the only benefactor.

Means, Brussels has a tremendous amount of economic clout, and the interconnection of credit is such that cutting a few supply lines could do it in the worst situation.

Opportunity, the current credit crunch. It weakened things just enough for an attack.

Just speculating on nothing, but there's a logic here.

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Monday, January 26, 2009 10:58 AM

WULFENSTAR

http://youtu.be/VUnGTXRxGHg

So what are you saying?

Who controls the Euro, and to what extent, and what is the reasoning (should there be any) for collapsing a countries economy?

I never liked the idea of the Euro. Or global currency in general, too much control.

If there really was a global currency, where would the value come from? Who/what would control the value?

Or put another way, dropping the value of said global currency could starve rebellion, weed out insurrection. I mean, how can you even think to fight, when it takes 80 hours a week to earn enough to live on?

Also, you wouldn’t be able to leave for "greener pastures", in another country.

We really need to go back to the "gold-standard" of worth. Or, even better, have money be intrinsically valuable, without the will of governments to make it so.

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Monday, January 26, 2009 12:11 PM

CITIZEN

Quote:
Originally posted by dreamtrove:
Doesn't anyone else see the hand of the Euro in all of this destruction of non-euro european currencies?

No.

Because if you look at it, the present financial crises started in the United States, and the destabilisation of both British and Icelandic economies spread from there, so really the hand that rocked the cradle is the hand that holds the Dollar.

The fact is that Icelandic and British banking regulations were lax, and they bought into the criminally lax systems in the US, and bought the bad debts that started this whole thing in the first place. Most of the EU has fared better, because they didn't buy into the US subprime mortgage market to the same degree. It's a simple and direct chain of cause and effect, and I don't see any wiggle room for a great "Euro economic conspiracy".

Quote:
Originally posted by Wulfenstar:
I never liked the idea of the Euro. Or global currency in general, too much control.

The Euro is hardly a global currency. It's a European currency. The US dollar is used by more people in the states. It's also closer to a global currency, since it's the worlds reserve currency, so I really don't understand the furore over it, unless it's some deep seated fear of lost US prestige.

Quote:
We really need to go back to the "gold-standard" of worth. Or, even better, have money be intrinsically valuable, without the will of governments to make it so.

The Gold Standard never stopped the Great Depression, in fact it might have helped it come about. At any rate there's a problem with money on both the gold standard and of intrinsic worth, and that's simply that there's not enough precious metals and stones in the world to cover it. That and paper money is a lot easier to carry around.

More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.

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Monday, January 26, 2009 12:46 PM

DREAMTROVE

Quote:
WULF
So what are you saying?

Who controls the Euro, and to what extent, and what is the reasoning (should there be any) for collapsing a countries economy?

I never liked the idea of the Euro. Or global currency in general, too much control.

If there really was a global currency, where would the value come from? Who/what would control the value?

Or put another way, dropping the value of said global currency could starve rebellion, weed out insurrection. I mean, how can you even think to fight, when it takes 80 hours a week to earn enough to live on?

Also, you wouldn’t be able to leave for "greener pastures", in another country.

We really need to go back to the "gold-standard" of worth. Or, even better, have money be intrinsically valuable, without the will of governments to make it so.

Wulf

1. The Euro, it's my understanding, is controlled by a private consortium of banks, like the federal reserve. While the Rockefellers are trying to corner the Fed, the Rothschilds are trying to corner the Euro, but collectively, the Fed is trying to corner the American economy, and the Euro is trying to corner the European economy. Any other European currencies with a dominant influence, such as the UK, Iceland or Switzerland represent a threat. Hungary does not. Iceland wouldn't, and neither would the Swiss, if they weren't banking centers.

2. You're spot on about the dangers of universal currency. I think tptb actually have that as a goal. IMHO, I'm not sure I buy into the Amero, as the federal reserve already serves the purpose. But if there are serious attempts to rein in the Fed, the Amero will appear. Ultimately, yes, there will be nowhere to run, that's part of the goal.

3. Ron Paul said during his campaign that the Gold Standard, which he had supported in '88, was a flawed idea. With 20 years to gnaw on the idea, he realized that the flaw was that gold was finite enough to be cornered. It would be difficult, but possible. What he said would be better would be a multi-metal standard, where there was copper backed money, silver backed money, tin backed money, etc. Enough of them so that you could never corner them all, and each one far harder to corner than gold or oil. Then any attempt to corner one would lead to people trading in another. Witness the recent attempt to corner the oil market had everyone scrambling not for more oil, but for alternative sources of energy.

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Monday, January 26, 2009 1:50 PM

OUT2THEBLACK

Government collapse follows currency collapse in Iceland :

http://news.yahoo.com/s/ap/20090126/ap_on_bi_ge/eu_iceland_crisis

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Monday, January 26, 2009 2:21 PM

OUT2THEBLACK

"...The global economic crisis claimed its first government yesterday when Iceland's ruling coalition collapsed amid a cacophony of popular protest. The Government of Geir Haarde, the Prime Minister, resigned en masse after days of mounting anger over the country's financial meltdown. The protests, which began peacefully after the nationalisation and overnight bankruptcy of Iceland's three main banks, turned violent last week with the nation experiencing its 'worst' riots in 60 years."

http://www.timesonline.co.uk/tol/news/world/europe/article5594348.ece

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Wednesday, January 28, 2009 1:21 AM

PARTICIPANT

sounds serious

I hope they can fix this mess

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