Dutch and British political leaders somehow forgot to mention that Sweden and Norway insured the deposits of their citizens when another Icelandic bank failed in those countries.
Icelanders Stuck with the Bill
Icesave's failed business tactics, negligent regulation by Iceland's
government, and indifferent British and Dutch authorities created the
problem. But citizens are taking the fall.
The usual suspect, the International Monetary Fund (IMF), offered up billions in cash in return for covering the lost deposits for British and Dutch citizens. IMF backed off of this position as it became clear that Icelanders would reject the March 6 referendum. (Image)
Ultimately, the financial machinations by international bankers and G-20 leaders don't matter. The people of Iceland are in no position to pay the bill. Pretending otherwise only prolongs the charade of some order for the comatose global financial system. Who benefits? The financial elite who continue to accumulate more and more money as though it's actually worth something.
Furious Citizens - Bloggers Won't Give Up
Icelanders take their voting seriously. Turnout is usually above 80%. But the turnout for this referendum was 57%, the lowest figure in years.
The very good news is that Icelanders are providing real analysis and hitting the streets on a regular basis to protest the big con pulled by their leaders and financial elite. This is a sample of the vibrant dialog of the people who choose to fight back.
Independent Icelandic News - The Icesave Fraud Case
"The public was deliberately lied to and the deception was complete. The banks fell, the Brits and Dutch, and Germans too are pissed off and we Icelanders have to loose our savings, our homes, our jobs, our dignity. We also have to pay for the Germans, the Dutch and the Brits.
"We are only starting to 'feel the cold dead hand of the
neoconservatist financial free market monster' that tore through the
world and is still squeezing the Icelandic nation, even after its
death. We don't get a recession, we get a complete collapse." June 23, 2009
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Economic Disaster Area - Arrogant, Humiliating, Short Sighted, and Stupid
"Right now the nation is numb. Everyone is waiting for something
while trying to stay afloat. Businesses and individuals who have been
watching their cash fly out the window atop exorbitant interest rates
for years are experiencing a drowning feeling. It seems like many are
just shutting their eyes and resigning their fate to fate itself while
still waiting for rescue to appear somewhere on the horizon.
"Most people agree that something must be done. They just cannot agree on what exactly." @ Dadi, May 24 (Image)
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The Iceland Weather Report - Johanna (Iceland's Prime Minister) sends a clear message
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