Best Of The Best Share Discussion Threads

[traderabc] 11/4/2011 13:11

Dutch, I'm all for freedom, justice and the rule of common law. If that makes me an 'anarchist' then so be it. I guess Ron Paul must be an anarchist too so at least I'm keeping good company.

You may call it 'democracy' but it looks like a 2 party dictatorship from where I'm standing. I have never been given any say in how we are really 'ruled'. I didn't vote for corporate/banker takeover nor the war mongering military industrial complex. Where was my vote for the EU super-state and central banker rule?

I didn't borrow more then I could afford and I always take full responsibility for any mistakes I make. I don't expect to be bailed out at someone else's expense for my mistakes. Why can't the most powerful organizations on the planet not extend the same courtesies to me when they get into trouble?

I'm not and never will be responsible nor liable for their mistakes. They never sought my consent and I have no contract with them. They have no legitimate claim from me.
The same can be said for countless millions in the western world, they weren't given any choices, there were no democratic processes at work with regard to this matter.

[dutch alert] 11/4/2011 11:47

Iceland is an example where people are very close to the power. Oke when you are for anarchy its your choice but if you believe in democracy its the other site of the coin you are also responsible. If the speculators where succeeded we now had been talking about the diamond in the ocean.

[traderabc] 11/4/2011 10:22

Un-reserve Dollar? US thinkers up for world order reshape

[traderabc] 11/4/2011 10:21

With Its Economy On The Mend, Iceland Stuffs Bankers For Second Time

Submitted by Tyler Durden on 04/10/2011 11:15 -0400

Creditors Fail Geyser Gross Domestic Product Iceland International Monetary Fund Mutual Assured Destruction Netherlands ratings Ratings Agencies Recession


In a shining example of how it can be done, Iceland, for the second time in as many years, by popular vote refused to provide up to $5 billion to Britain and Netherlands banks. The just completed referendum once again rejected a $5 billion Icesave debt deal, pushed on Iceland by its European banking brethren. "The debt was incurred when Britain and the Netherlands compensated their nationals who lost savings in online "Icesave" accounts owned by Landsbanki, one of three Icelandic banks that collapsed in late 2008." And while Iceland PM Johanna Sigurdardottir did a brief Mutual Assured Destruction tour claiming "economic and political chaos could follow" we can't help but think we are witnessing the early stages of Europe's most flourishing economy over the next decade, while all other countries in Europe fail one after another due to their inability, unwillingness and cowardice to force bankers to experience, gasp, losses for fear of "reprisals." As for the "isolation" that Iceland is threatened with experiencing should it give banksters the finger, we are certain it is just a matter of a few months before some enterprising hedge funds, scrambling for yield career risk offsets, decide to take on the role of the IMF or of repeatedly insolvent Dexia, and lend directly to Iceland.

[traderabc] 11/4/2011 10:21

"Iceland is responsible. Regulators, politicians were partners in crime.
Too many looked the other way. Iceland has until now paid nothing."


I heard Iceland offered some money with reasonable terms and was turned down.

Regulators, politicians and bankers may well be a toxic mix, but why should 'we' (in any nation) be held responsible for their actions? let alone their debts. Can anybody give me just one good reason? as I can't think of one.

Those who bought into the dream faced the consequences when it turned into a nightmare, that's what is meant to happen. People pay for mistakes, it's just the way it is.
What's not meant to happen is that almost every man, woman and child for the next few generations is sold into poverty because the the very same kind of people who caused the disaster decide that their solution is the only one.

Ultimately, with the big picture in mind, the FED is responsible for what happened in Iceland as it is their economic models that were exported globally, many misguided nations followed their insane interest rate policies.
As the $ is the Worlds reserve currency, the FED as guardian has ultimate responsibility for it, they have already failed in their duty to protect it from disastrous devaluation. The pricing of the entire commodity index is testament to that fact.

As the years go by the FED's legacy of compounding failure becomes more evident, this journey cannot end well.

[lifechanger] 10/4/2011 22:57

I could understand the argument if you were talking about national debt but not individual banks

National default will happen across the world. Populations aren't going to accept the level of austerity required to remain solvent. Equally they don't appreciate the immediate impact the act of default will bring down on them

It will just take one country to default and the political pressure on the governments of the others will become irresitable

[dutch alert] 10/4/2011 22:29

Iceland is responsible. Regulaters, politicians were partners in crime.
Too many looked the other way. Iceland has until now paid nothing.
Its too easy to come away from it - and probably starting again.

[lifechanger] 10/4/2011 19:23

The problem was that the regulators and politicians led everyone to believe that the prosperity was the way things were going to be and stay. People who should have known better looked the other way while everyone borrowed from the future to pay for the present. The people of Iceland are no more to blame for the excesses of their banks than those of the UK are for Northern Rock

[dutch alert] 10/4/2011 15:27

Hmmm Iceland resisted banker occupation. No one in Iceland resisted against the financial industry whenn times where good. They all became drunken of the money they made. Even Jim thought before the crash they are an example how to change into a modern society. They all drove bigger and bigger cars and build bigger and bigger houses. Without the cooperation of a large part of their society it would not made possible to plunder the UK and the Netherlands in the way they have done it.

[traderabc] 10/4/2011 11:18

Well done to Iceland, the only western nation resisting banker occupation.


Iceland rejects Icesave repayment deal



Icelanders have rejected the latest plan to repay the UK and Netherlands some 4bn euros lost when the country's banking system collapsed in 2008.

Partial referendum results show 58% voting no, and 42% supporting the plan.

Johanna Sigurdardottir, Iceland's Prime Minister, said the rejection meant "the worst option was chosen".

UK Treasury minister Danny Alexander said the decision was "disappointing" and the matter would go to an international court.

[traderabc] 09/4/2011 18:47

Government Counterfeiting and Economic Terrorism

[traderabc] 09/4/2011 18:43

[OTE104] On the Edge with Ellen Brown

[traderabc] 09/4/2011 18:43

Soros Says ECB Rate Hike "Inappropriate" in Debt Crisis

[traderabc] 09/4/2011 18:38

Apr 09 Hello World Martin Armstrong 321gold pdf

[jeff h] 08/4/2011 12:45

Yes "now expanding" could be good news.

£3m in the bank at January with a profitable business...so seems cheap.

Added a few more.

[lbo] 08/4/2011 12:12

"now expanding"

[lbo] 08/4/2011 11:59

Airport operator BAA has released figures indicating strong demand for flights from travellers based in Scotland last month.

The company's figures for February show that all three of its Scottish bases - Glasgow, Edinburgh and Aberdeen - reported year-on-year increases in traffic and strong performance on scheduled routes to European destinations.

Edinburgh experienced the highest passenger boost of 5%, while Aberdeen and Glasgow recorded gains of 4.9% and 3.9% respectively.

[traderabc] 07/4/2011 11:18

This video is very good aswell, it fully exposes the phony left/right paradine, and gush up corporatism.

Lifting the Veil: Obama and the Failure of Capitalist Democracy

Video

"Barack Obama and the failure of capitalist democracy", this film explores the historical role of the Democratic Party as the "graveyard of social movements", the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself.

Original interview footage derives from Noam Chomsky, Michael Parenti, Michael Albert, John Stauber (PR Watch), Sharon Smith (Historian), William I. Robinson (Editor, Critical Globalization Studies), Morris Berman (Author, Dark Ages America), and famed black panther Larry Pinkney.

Non-original interviews/lectures include Michael Hudson, Paul Craig Roberts, Ted Rall, Richard Wolff, Glen Ford, Lewis Black, Glenn Greenwald, George Carlin, Gerald Cliente, Chris Hedges, John Pilger, Bernie Sanders, Sheldon Wollin and Martin Luther King.

[traderabc] 07/4/2011 10:41

Feds Try To Confiscate $7 Million In Silver Liberty Dollars

Submitted by Tyler Durden on 04/04/2011 14:49 -0400

Federal Reserve Hyperinflation Money Supply Precious Metals South Carolina


Following the recent conviction of Bernard von NotHaus for his "domestic terrorism", "dollar counterfeiting" Liberty Dollar operation (for which he faces up to 25 years in jail and a $750,000 fine), the Feds are now scrambling to recover each and every ounce of physical silver available as part of the fallout. Today, for example, AP reports that Federal prosecutors tried to confiscate NotHaus' hoard of silver "Liberty Dollars" worth about $7 million. Whether or not this 181,000 ounces of "fungible" physical silver will be enough to satisfy Comex silver deliveries by Federal authorities (read a key tri-party repo clearer bank), remains to be seen.

From AP:

[traderabc] 07/4/2011 09:43

Thanks omega09, yes it was a great in depth documentary, extremely well researched, I learned some new stuff from watching it again.

[omega09] 06/4/2011 18:06

This is the recent film 'Inside Job' - it's well worth a watch.

[traderabc] 05/4/2011 17:21

Keiser Report: Virtual Pigs Eat Dirty Cash