same o’ same o’
ARVE error: need id and provider
Revisionist History
CONFIDENTIAL (get involved?)
CONFIDENTIAL (billion usd loan)
CONFIDENTIAL//NOFORN (coalition saved?)
CONFIDENTIAL (energy tax)
Debt
Most Censored 2009-2010
The free and hard-hitting western press, the forth estate and all that B.S., has totally “missed” this: Global Plans to Replace the Dollar.
“The cycle supporting a permanent US war economy appears to be almost over. Once the dollar cannot flood central banks and no one buys US treasury bonds, the American global military empire collapses. The impact on daily living for the US population could be severe.”
“The United States tells debtor economies to sell off their public utilities and natural resources, raise their interest rates and increase taxes while gutting their social safety nets to squeeze out money to pay creditors. ”
“When Mr. Geithner put on his serious face and told an audience at Peking University in early June that he believed in a “strong dollar” and China’s US investments therefore were safe and sound, he was greeted with derisive laughter.”
It may be helpful if “Geithner can show us some arithmetic,” said Yu. “We need to know how the U.S. government can achieve this objective.”
Referring to the Federal Reserve “as the world’s biggest junk investor,” and to Chairman Ben S. Bernanke as “helicopter Ben,” Yu said the Fed has dropped “tons of money from the sky since the subprime crisis.”
If the IMF, the World Bank and the WTO are but drawers in the US Treasury, what does that mean for an Icelandic Finance Minister of the left freaking kind who pusses their neocon economic theories (confirmed by a typewriter) culminating the absurdity by speaking at Goldman Sachs meat. Are we insane or just simple farm-folks.
Chris Hedges, The American Empire Is Bankrupt
Michael Hudson, De-Dollarization: The Yekaterinburg Turning Point
Fred Weir, Iran and Russia Nip at US Global Dominance
Lyubov Pronina, Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
Edmund Conway, UN Wants New Global Currency to Replace Dollar
Jose Arturo Cardenas, Latin American Leftists Tackle Dollar with New Currency
Björk’s Open Letter to the Members of Parliament
” MEMBERS OF THE PARLIAMENT! WE ICELANDERS ASK YOU FOR A
TRANSPARENT, OPEN DISCUSSION AND RECONSIDERATION
CONCERNING THE SELLING OF THE ACCESS TO OUR NATURAL
RESOURCES !
In two weeks Magma Energy Sweden AB could become the biggest shareholder of HS Orka. The company would then have access to some of our most important natural resources for the next 65 years, with an optional extension for another 65 years. 130 years! Is this in accordance with the laws that state only the Icelandic government should have the right to harness and govern the natural resources of Iceland?
Shouldn’t we ask for an investigation of this deal and get a report on the business exchange concerning our resources, as we got a report on the banks?
Shouldn’t the nation be able to decide for itself if it is willing to sell off it’s natural resources, by means of a law change to enable a national referendum?
One of the IMF’s suggestions is that Iceland should open up access to it’s natural resources to foreigners. According to the letter of intent signed by the government last April, it seems that those suggestions will be followed. Are we thus going to use our nature in this way to pay off the Icesave-debts of those few Icelandic venture capitalists?
.
.
Allegedly the Magma deal is about the benefits of foreign investment. How does that compute with the fact that 70% of the purchase price is financed with a local bullet-loan with collateral in the shares?
.
.
Is there anything that guarantees jobs will be created in Iceland through this deal?
.
.
In the future, water will probably be the most valuable resource in the world. Will the deal with Magma Energy possibly set a legal precedent, and be used in the future to enforce the sale of more natural resources?
What will our grandchildren think of the deals we’re making now? “
Open Letter to the Members of Parliament (full text)
Petition to the Government
” I urge the authorities to stop the sale of HS Orka and for Alþingi to hold a national referendum on the ownership and the utilisation of our energy resources. ”
—
It’s Oh (Not) So Quiet. More than 16,000 people have already signed.
Mapping this onto the UK and US census, this would mean more than 3.3 and 16 million signatures respectively.
—
Denial-of-service attack?
—
Public Services International -Privatisation in the energy sector (pdf)
Freedom of establishment for companies and abuse of rights in EU/EEA law – Energy policy
—
Oh my God, the holy trinity of “free” market economics: growth, (foreign) investment and job creation (lol) is at risk!
By the way, we are living and paying for a disgraced profession (one of many), bought and payed for by the likes of the current vulture.
—
What we are seeing now is an “operation” of suppressing the truth and splitting hairs.
—
” Who owns Magma Energy? Have MPs and Ministers seen and studied the list of shareholders? If not – how dare they sell valuable assets and rights of usage of the Nations natural resources to complete strangers, men without any reference at all? ” – Lara Hanna
Vulture Capitalism
After a successful spell of Shock Doctrine, the Vultures flock to our shores in all shapes, forms and disguises.
Our own Vultures either attack or welcome them according to their own Vulture interests. Foreign investment in a “free” market system is paramount. To hell with the fact that we can’t pay “our” current debt, lets borrow some more money. We can’t save our selfs without more, without more “stuff” we suffer from irritability, insomnia, depression, anorexia, you name it.
What can we sell, how can we prostitute our selfs, we must satisfy our addiction for more, more, yes for the golden sustainable and endless growth.
Yes, our next fix will come from: casinos, money laundering, destroying our natural resources, and inviting “Blackwater” to use our airspace to prepare for the next war. Sure, our daughters could do with some money.
Vulture Capitalism
Keiser Report:
No.23 Greg Palast @gregpalast.com
No.28 Helen Skopis @Athens International
Victory for Democracy
Democracy hasn’t been doing well lately, or as Arundhati Roy put it “the crisis of modern democracy is a profound one. Free elections, a free press and an independent judiciary mean little when the free market has reduced them to commodities available on sale to the highest bidder”.
The priesthood for the private banker’s theology is all pervasive, and governments have become little more than “escorts” on their payroll. This is all the more peculiar as it should be the legal prerogative of governments of the people by the people to give money its value.
But today we celebrate victory, the people say NO 93,3% – Yes 1,7% to the bailing out of private banks that have pretended to work on the behalf of the people, and in their infinite arrogance, have claimed to be doing Gods Work.
Congratulations Iceland with the National Referendum the first in the history of the Republic.
The Referendum
Birgitta Jonsdottir On the edge with Max Keiser [1] [2]
The “best little whorehouse”
.
Michael Payne writes “It’s time for Americans to face this grim reality; that government of the people, by the people, for the people is no more, it has perished.”
For the rest of us the story is much the same. Private banks dump their enormous debts onto the public and the Government-Banking Cartel talks about “honoring obligations”. – Just Not Theirs.
Prejudicial European Justice?
Dr. M. Elvira Méndez-Pinedo writes: “Whatever the reason or the economic or political arguments, it can be observed now that this lacuna or gap in the EEA Agreement, together with the legal uncertainties of EU banking and financial law, has been extremely prejudicial for Iceland. Icelandic citizens do not have access to justice to the ECJ either. In EU law, any country could start an infringement case or simply take the issue of the interpretation of the State liability deriving from Directive 94/19/EC and the principle of non-discrimination before the ECJ. Iceland, on the other hand, seems to have accepted the principle of State liability and nationalisation of private debt of banking entities abroad without being entitled in the subsequent Icesave agreements to proper judicial and independent review of its legal arguments.”
Dr. Gunnar Tomasson (The Gang of 8 ) refers to “Odious Debt”: „In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.”
In The Dilemma of Odious Debts; Lee C. Buchheit, G. Mitu Gulati and Robert B. Thompson (pdf) write: “The prospect of yoking innocent generations of citizens to the repayment of any Profligate Debt causes an audible grinding of the moral teeth; the prospect of forcing this result on people who have already been victimized by a corrupt and despotic regime is even more distasteful.”
Reparations
From Haiti, Germany, Japan, Iraq to Iceland.
In Africa they support us and say that we are refusing to turn up for our own funeral. Some of us predict that we are becoming the next Haiti, not because of the current tragedy but because of the Revolution(1791–1803) and resulting reparations(1825). 75 years later they where sill paying 80% of their national income to predatory creditors, this finally ended in 1947, 122 years later. The first step is always to establish a liability (which is easy for the powerful) and then the rest is history.
War reparations
The Haitian Revolution (1791–1803)
“La dette de l’independance”
Human rights must be at the core of relief efforts and the reconstruction of Haiti
The slings and arrows of outrageous fortune,
Law no. 1 / 2010, amending Act no. 96/2009, the authorization for the Minister of Finance, on behalf of the Treasury, to guarantee The Depositors’ and Investors’ Guarantee Fund because of depositors and investors from the British and the Dutch states to cover payments to depositors in Landsbanki., Which parliament approved but the president declined confirmation that now hold value. Response options are Yes, they are to take effect, or No, they are to expire.