The video below shows coverage of how Iceland chose a very different way of stopping the crisis of 2008 from the rest of the European countries. The Iceland government made a conscious decision to hear the requests of the population, and to put politicians and bankers on the bench of the accused three years after their financial excesses sank one of the most prosperous economies in 2008. The result was the government of Iceland forgave the mortgage debts for much of its population.
Let’s be clear here: I have NO LOVE for the government, and just as little for the media because I’m on the receiving end of censorship almost daily in one venue or another. With that said, I can’t speak to Google’s algorithm, but the reason Google is so successful is because it provides relevant results to what a person is searching for in milliseconds. Perhaps Google doesn’t display the solution Iceland used in 2008 (what the author below complains about) because it’s as relevant and as likely to happen in the U.S. as I am likely to to flap my arms and get to Mars. In 2015, Iceland had a population of around 320,000 people, and if you read the article, it says it forgave the mortgages of “much’ of it’s population.
The U.S. is the largest economy in the world, we live WAY beyond our means, and we have a population of 320,000,000. To even suggest the U.S. government forgive people’s mortgages is about as moronic of an idea that’s EVER been suggested in the history of U.S. Economics. I give it 10:1 odds it was a Millennial who wrote the article suggesting that idea too!
Here’s a better idea: You were given the terms of any debt you have before you were given the credit, and you signed it, so “man up,” find a smidgen of integrity, and hold up your end of the bargain. I owe six figures from law school, but I sure as hell don’t support the idea of student loan forgiveness.
The lender was there to do their part when I needed something, and now it’s my turn to do something, and return what I borrowed. Americans need to learn, but Millennial’s more than anyone…
“THERE IS NO SUCH THING AS A FREE LUNCH!”
GO TO YOUR ‘SAFE SPACE” AND REPEAT THAT UNTIL IT SINKS IN!
Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancelation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.
The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.
If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story. This is TOTAL MEDIA CENSORSHIP and a TOTAL MEDIA BLACKOUT, and it should tell you who owns and runs the Media in America.
We are allowed to see a tortured, bleeding, dying Gaddafi anywhere, but we are not allowed to know about Debt Forgiveness.
If you Google “DEBT FORGIVENESS” About 1 million 850 results. Not one of them talks about forgiving debt. Okay, 1 does.
But still, out of over a million and a half results.
The MAINSTREAM MEDIA totally censors anything to do with Debt Forgiveness. The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.
Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused”
This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population.
They are putting the bankers and politicians on the “Bench of the Accused.” Which means I assume they are putting them on trial for corruption.
Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations.
The beauty of it is that they will have a load of cash to circulate into the economy and into service industries etc…instead of feeding it to the parasite bankers and out of the economy, great idea. If it was warmer I’d move to Iceland.
This could very well be the first chime of many to signal the Death of the World Banking System headed by our ‘good’ friends the Rothschild’s.
Iceland Strikes the First Major Blow Against the World Banking (Fraud) Cartel. This is what can immediately put money into the hands of many American’s.
The Us Government through Fannie Mae, Freddie Mac and FHA own 96% of all bad housing loans. Many have stated, that in effect,
“The US Government is Foreclosing on itself.” This is the very definition of Insanity. It is a form of Suicide.
Major Banks only hold 3% of bad housing loans, 3%!
This is not a banking problem, it is a Government problem, they hold the loans!
We were just about to do a story on America Foreclosing on itself when this article came across our computer.
Times have just gotten brighter ( via truedemocracyparty.net ).