If only we had followed the example of Iceland which appears to have gone down well with the IMF.
So the IMF learned from the Icelandic example. And we thought they were the experts.
This is quite staggering when you think about it. Even the gap between the lucky and not so lucky ones closed.
Notice that the judiciary was brought in to draw up new legislation. Regulation. Calls for less regulation in Britain seems a disaster in the making.
One can only assume that our controllers have something else in mind and it isn't anything like what happened in Iceland that went down so well with the IMF. Now, who would be so keen on public ownership? Difficult to say, when it's profits for capitalism - losses for the public sector.
Krugman seems to have been Iceland's guiding light.
Interesting point about the number of banks in relation to the population. Too many banks apparently.
Too many profit centers. Too many gamblers. Too many leeches.
Credits: Doctors and Scientists issue warning to NATO: A Nuclear Strike Could Starve The World because a limited nuclear war is being contemplated by the ‘Doctor Strangeloves’ in the Pentagon. Channel 4 Dispatches documentary Murder in St. James’ (1996) about the murder of PC Yvonne Fletcher in 1984 which was blamed on the Libyans but looks to have been a contract killing by a Berlin gangster, commissioned by US CIA and British intelligence services to discredit the Libyans.
Who Owns Britain? (And Ireland?)Journalist Kevin Cahill got interested in land ownership researching for the Sunday Times Rich List with the editor Philip Beresford. Inadequacies of the Land Registry which is constructed to conceal land ownership. Kevin’s book, Who Owns Britain (2002), took 13 years to research and write. BBC TV programme ‘Whose Britain Is It Anyway’ (2006) was based on the book but missed out fundamental aspects of Kevin’s findings. Freeholds are all in fact owned by the Queen so they are leases from the Queen in the small print of land title deeds. The Church of England have sold 2.1 million acres of glebe land slowly over the years. There is 60 million acres of land in Britain to share out among 62 million inhabitants. 1% of the population (159,000 families) own 71% of the land. Domesday book of 1066 was William the Conqueror’s ‘swag list’ inventory of resources to tax. There was a little known second domesday book of 1872. Do we really need land in a merchantile, money economy? 65% of families have a stake in their home either owning it or taking out a mortgage to buy it. US folk song ’This Land Is Your Land’ (1940) by Woody Guthrie. Enclosure and privatisation of land through no representation of the people. If you could not graze your animals or pick up wood in the winter you were dead. The pressure of evicted peoples’ need for land as it was privatised was taken off by the cities, the factories and the colonies. 800 man hours of labour plus 700 man hours of materials is 1500 man hours or £15,000 at £10/hour. The repayments on a 50 year interest free loan would be about £6 a week. A home is a fundamental human right so how to ake sure everyone has a home that nobody can evict you from? Fiona O’Cleirigh and Kevin are working on a second edition of Who Owns Britain which is due to be published in the Autumn. Did you know the Queen owns 1/6th of all the land on earth? Have you ever heard of the British Indian Ocean Territory, a land area of 15,000 acres which is now believed to be used as a secret prison for captives of the war on terror? Kevin Cahill, asserts that the main cause of most remaining poverty in the world is an excess of landownership in too few hands. He says private ownership of a very small amount on land – one-tenth of an urban acre or an acre or two of rural land – granted to every person on the planet has the potential to begin ending poverty. Kevin says the right to land is a fundamental human right and also wrote the book Who Owns The World (2006)
Tonight’s playout track is Hearts by L.S.G. - aka. German musician Oliver Lieb.
LOW VOTER TURNOUT HINTS IRISH
MAY REJECT EU AUSTERITY TREATY
Ireland has been voting today on whether it will sign on to Angela Merkel 's
banker-inspired neoliberal financial agenda for Europe.
If the Irish vote "Yes," they will be endorsing higher taxes and slashed
social spending required to meet new tight budget targets and fund a
decade-long bank bailout of over €30 Billion by taxpayers.
Who the hell in their right mind would vote for that!?
Well, about 57% of sheeple would - once whipped into a frenzy by propaganda that unless Frau Merkel rules, Ireland will get no more loans
from the EU-ECB-IMF Troika - and thus all hospitals, schools will close etc...
But, the outcome of the referendum is not who leads in opinion polls.
It's who shows up at the voting booths to mark the paper.
And today in Ireland, in a change from a recent spate of overdue
sunshine it was damp, dreary, drizzly and downright miserable:
In other words, the worst possible voting weather
Here's why that's critical - On a dreary day we'll find that:
"Yes" voters have little motivation to vote for high taxes and bankers.
"No" voters have VERY high motivation to vote down austerity and at
the same time send a message to the government and their bankers.
And the early estimates say turnout was probably near 45%.
So it's damn all use that 57% of voters would have voted "Yes."
Because, it's likely less than 4 out of ten of them showed up.
Whereas perhaps 6 out of ten "No" voters made their mark.
That would shave it for the "No" side by say 52% to 48%
Looks like this one is going right down to the wire.
The vote count begins Friday AM, with
an outcome predictable by 11amBST _________________ Minds are like parachutes.
They only function when open.
Last edited by Fintan on Thu May 31, 2012 8:56 pm; edited 2 times in total
By Shaun Connolly, Political Correspondent - Friday, June 01, 2012
Voters stayed at home in large numbers despite Ireland’s future role in
Europe being at stake in the fiscal treaty referendum.
Turnout struggled to break through the 50% barrier in many areas as
participation appeared to be well down on the 59% recorded in the first
Lisbon Treaty poll in 2008.
Both sides predicted the lack of voter engagement would make the result
closer than expected.
A leading Government yes campaigner said: "If turnout hits 55% and
above, I think we’re safe, but if it’s below 50%, I’d be seriously worried."
No campaigners took heart from the figures, with a Libertas adviser
saying: "We are daring to dream. On this turnout the result is going to be
much closer than the picture the polls painted. Some areas of south Dublin
that were expected to be heavy yes areas are just scraping 50% turnout,
while parts of the country like Sligo, which have strong anti-Government
local issues in play, are seeing a good turnout."
A scrappy, confusing, and bad tempered campaign that failed to catch the
public imagination was blamed for the no-show by many voters, as well as
poor weather in many areas which saw turnout in some areas dwindle to
Another leading yes campaigner expressed concern, saying: "I think it’s
going to be around 50% nationally, and that’s not good news for us, but I
still think we have it, but not by the margin we hoped for."
Though more than 3.1m people were eligible to vote, turnout was slow
throughout the day, but saw a modest pickup in the evening.
By teatime, voting across the country saw turnout stand at about 30%,
with urban areas registering greater interest than rural ones.
Europe’s power-brokers are keeping a keen eye on the result as the
Republic is the only EU state to hold a popular vote on the intergovernmental
treaty, which imposes tougher budgetary rules on member countries.
However, ratification can still proceed with or without Ireland as long as
12 eurozone countries agree to it.
The treaty has so far only been ratified by three of the 25 countries that
agreed to it in December: Greece, Portugal, and Slovenia.
Taoiseach Enda Kenny remained upbeat as he cast his vote in Mayo,
insisting ratification was essential for the country’s future stability.
Meanwhile, the Defence Forces confirmed that a suspicious device found
at the constituency office of Sinn Féin TD Mary Lou McDonald was a hoax.
The alarm was raised at the building on Dublin’s North Strand by a staff
member at the office of the Dublin Central TD.
The suspect device was removed by bomb disposal experts. Subsequent
testing has confirmed it did not contain any explosive.
Joined: 04 May 2008 Posts: 818 Location: Outer Heaven
Posted: Fri Jun 01, 2012 1:57 am Post subject:
Sheesh, I remember the Icelanders from a report from Dunne a while ago (I think it was Iceland...?) but this was an article I recently came across and figured this was a good place to post since it isn't totally new.
Why Iceland Should Be in the News, But Is Not
By Deena Stryker · 15 Aug 2011
An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:
Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country’s banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors. But as investments grew, so did the banks’ foreign debt. In 2003 Iceland’s debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.
Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain.
Geir Haarde, the Prime Minister of a Social Democratic coalition government, negotiated a two million one hundred thousand dollar loan, to which the Nordic countries added another two and a half million. But the foreign financial community pressured Iceland to impose drastic measures. The FMI and the European Union wanted to take over its debt, claiming this was the only way for the country to pay back Holland and Great Britain, who had promised to reimburse their citizens.
Protests and riots continued, eventually forcing the government to resign. Elections were brought forward to April 2009, resulting in a left-wing coalition which condemned the neoliberal economic system, but immediately gave in to its demands that Iceland pay off a total of three and a half million Euros. This required each Icelandic citizen to pay 100 Euros a month (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis a vis other private parties. It was the straw that broke the reindeer’s back.
What happened next was extraordinary. The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland’s leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum.
Of course the international community only increased the pressure on Iceland. Great Britain and Holland threatened dire reprisals that would isolate the country. As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. The British government threatened to freeze Icelander savings and checking accounts. As Grimsson said: “We were told that if we refused the international community’s conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North.” (How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.)
In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.
But Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money. (The one in use had been written when Iceland gained its independence from Denmark, in 1918, the only difference with the Danish constitution being that the word ‘president’ replaced the word ‘king’.)
To write the new constitution, the people of Iceland elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty citizens. This document was not the work of a handful of politicians, but was written on the internet. The constituent’s meetings are streamed on-line, and citizens can send their comments and suggestions, witnessing the document as it takes shape. The constitution that eventually emerges from this participatory democratic process will be submitted to parliament for approval after the next elections.
Some readers will remember that Iceland’s ninth century agrarian collapse was featured in Jared Diamond’s book by the same name. Today, that country is recovering from its financial collapse in ways just the opposite of those generally considered unavoidable, as confirmed yesterday by the new head of the IMF, Christine Lagarde to Fareed Zakaria. The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat.
They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.
That’s why it is not in the news anymore.
Stryker is an American writer that has lived in six different countries, is fluent in four languages and a published writer in three. She looks at the big picture from a systems and spiritual point of view.
This article was originally published by the Daily Kos. SACSIS cannot authorise its republication.
The Irish People have initiated a process of suing the banks en-masse.
On October 15th over 100 cases were filed in the High Court in Dublin suing
various mortgage providers.
We believe the bankers have broken the law by their practices, resulting in widespread ruin in Ireland as businesses close, mortgagors default, families are evicted from their homes, our young people are forced to emigrate and, tragically, many people turn to suicide.
This situation has been caused by the banks, and we will take them to task through the courts to put right their wrongs.
GOT DEBT ? GOT OPTIONS
During the last 2 years we, real ordinary people, have watched our country come to its knees due to a gamble of the banks, the sell out of OUR resources by our politicians and lies and ommitions about our place in the world crises. The sense of hopelessness has brought hundreds to a very dark place and with no hope they believe in sight many have taken their lives!
There are always Options. We have had enough and got up off our knees and taken control of our own lives again. We are not professionals, just honest! If you need to talk - we can listen and due to our self-education we can tell you how we have taken back our lives. We are not now and never will be slaves.
_________________ Minds are like parachutes.
They only function when open.
My god, what took the Irish so long; they have been conned by the banks and then they got to pay the price for this as well, as Irish bank debt was suddenly transformed by on-the-take politicians into sovereign Irish debt. Iceland could serve as a good example, not only for Ireland, but for the entire world as they gave bankers and international creditors a big fuck you, prosecuted their corrupt politicians and bankers and are well on their way to recovery (unreported by the MSM of course)! Better late than never I guess... _________________ "A person hears only what he understands."
Johann Wolfgang von Goethe
Posted: Tue Feb 12, 2013 2:00 pm Post subject: And we're off!
I have over the past month been tracking a new and very encouraging phenomenon: Direct Democracy Ireland (DDI).
It has been around since 2010 but it got some serious impetus in 2012, when Ben Gilroy joined it as leader. It's fast becoming a grassroots' phenomenon, as more and more Irish people reject the mortgaging of their country until 2053 by the international banking cartel. With last week's legal shenanigans in Dublin, it could not come at a better time.
I have been in contact with DDI's founder Raymond Whitehead to urge them to reach out to the emigrant population (who have no vote) and also to offer my assistance and experience in the area of education. I am aiming to meet up with them this summer, when I'm home.
DDI is currently in a transition phase of organisation and formation of operational protocol, particularly regarding the constitutional mechanics of participatory democracy. They emphasise the fact that the 1922 Constitution of the Irish Free State had a provision (never enacted and erased by the 1937 Constitution) that any Irish Citizen could instigate a national referendum, once they could obtain 75,000 signatures. This would bring Ireland closer to the Swiss system, with also the power to select candidates, elimination of the 'party whip' system and the power to recall public representatives.
So, to give you a flavour of how this is snowballing here are some links and videos.
What is direct democracy?
Direct democracy is a form of democracy in which the people have the right to:
Select their own candidates to represent them.
Call a referendum on any topic if a sufficient number of people deem it necessary, by gathering a set number of signatures.
Create legislation and put it to a referendum if a sufficient number of people agree with it, by gathering a set number of signatures.
Recall, remove from office, any representative deemed to have acted in breach of their terms of employment.
Yep. The Irish have realized that their situation is
just as economist Yanis Varoufakis describes here:
The ECB’s recent announcement of its agreement on the conversion
of Ireland’s promissory notes into long term bonds concludes this deal:
The Irish taxpayer will continue to be burdened with huge, unsustainable
long term debts taken out by bankers who are now defunct and who should
never been backed by the Irish state. Austerity-driven self-perpetuating
recession, and the resulting stalled recovery, will remain the order of the
As the razamataz smoke surrounding the grand debt "restructuring" has
cleared, the people see that nothing has changed. The Bankers still rule;
the economy is still screwed; the rich get richer even amid the collapse.
Somethin's brewing, alright.
And it ain't coffee. _________________ Minds are like parachutes.
They only function when open.
2 Cathal Spelman gave a presentation on monetary policy 5 days ago at DDI's freely-donated offices in Trim.
3 A mighty DDI meeting was held last week in Waterford. A second one is to take place on February 27th. Donegal and Kildare are onboard; Westmeath and Louth are taking root. It's only a matter of time before Cork, Kerry and Mayo take off.
4 The Dalkey oil prospect has hit a slight hitch which may offer a window of opportunity-
Posted: Thu Feb 21, 2013 6:03 am Post subject: Update 21.02.2013
Ben Gilroy is in London today to be interviewed by Max Keiser on RT-
Direct Democracy Ireland
11 hours ago via mobile
Have to get my beauty sleep. Up early and over to London to be interviewed by Max Keiser for RT because the irish media keep ignoring the elephant in the room that is DDI but not for long
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