Iceland Was Right, We Were Wrong: The IMF
By Jeff Nielson | TheStreet.com
For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs.
Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.
Now in what may be the greatest economic "mea culpa" in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Icelandís approach to economic triage was the correct approach right from the beginning.
What was Icelandís approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.
The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).
The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after three-plus years of this absolute dichotomy in economic policymaking, a clear picture has emerged (despite the best efforts of the propaganda machine to hide the truth).
In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history, as shown in this Bloomberg Businessweek excerpt:
...the islandís approach to its rescue led to a "surprisingly" strong recovery, the International Monetary Fundís mission chief to the country said.
In fact, from the moment the Crash of í08 was orchestrated and our morally bankrupt governments began executing the plans of the bankers, I have written that the only rational strategy was to put People before Parasites. While I wouldnít expect national policymakers to take their cues from my writing, when I wrote out my economic prescriptions for our economies I didnít base my views on compassion, or simply "doing the right thing."
Rather, I have consistently argued that it was a matter of simple arithmetic and the most-elementary principles of economics that "the Iceland approach" was the only strategy which could possibly succeed. When Plutarch wrote 2,000 years ago "an imbalance between rich and poor is the oldest and most fatal ailment of all Republics," he was not parroting socialist dogma (1,500 years before the birth of Socialism).
Plutarch was simply expressing the First Principle of economics; something on which all of the modern capitalist economists who followed in his footsteps have based their own theories. When modern economists produce their own jargon, such as the Marginal Propensity to Consume; it is squarely based on the wisdom of Plutarch: that an economy will always be healthier with its wealth in the hands of the poor and the Middle Class instead of being hoarded by rich misers (and gamblers).
Read the full article at: thestreet.com
Also tune into Red Ice Radio:
Birgitta Jonsdottir - Financial & Political Update from Iceland
Bill Still - Hour 1 - The Money Masters & The Secret of Oz
William Dean A. Garner - Hour 1 - World Control, Gold & The Jesuits
Tracy Twyman - Alconomics, Money & Magic
Ellen Brown - The Web of Debt, The Manufactured Financial Crash, Global Tax & The Basel Accords
Joseph P. Farrell - Babylonís Banksters, Global Financial Blackmail, Geo Warfare & The End Game
Ireland has done what the IMF wanted, but where is the reward?
Latest News from our Front Page
'What is Golden Dawn?' - Andreas Giallourides
YouTube description: "We must not be ashamed of what we are.."
Andreas Giallourides is an accredited Parliamentary Assistant in the European Parliament for Popular Association Golden Dawn. Here he refutes the controlled media dogma associated with Golden Dawn, and outlines their founding principles, current activism and future goals. The London Forum is extremely glad to have Andreas speak to us and ...
Galaxy Poll: 86 per cent of Australians want childhood vaccination to be compulsory?
Australians want Prime Minister Tony Abbott to make childhood vaccination compulsory and close loopholes that allow vaccine refusers to put all children at risk.
An exclusive national Galaxy poll commissioned by The Sunday Telegraph has revealed overwhelming support to ensure every child is vaccinated.
The highest support for compulsory jabs is in South Australia, where 90 per cent support the call.
The poll ...
Eye in the sky: Local police now using drones to spy on citizens
The Harris County Precinct 1 Constable's Office is doing something that no other agency in Harris County is believed to have done yet: Use drones to help fight crime.
It's an eye in the sky for law enforcement, without giving up the element of surprise.
"It could absolutely save lives," says Constable Alan Rosen.
Rosen says the agency's two new $1,200 drones, which ...
New Zealander of the Year: refuse vaccines, lose money
Following in the footsteps of Australia, 2014 New Zealander of the Year, Dr. Lance O‚ÄôSullivan, wants to punish people who don‚Äôt get vaccinated.
The New Zealand Herald (4/15) reports:
‚ÄúA leading New Zealand doctor has called on the Government to follow Australia‚Äôs example to cut child welfare payments to families who do not vaccinate their children, saying the policy would help protect ...
Iris Scanner Identifies a Person 40 Feet Away
Police traffic stops are in the news again, tragically, sparking a new round of discussion on whether and how to outfit police with cameras and other technology.
For several years now, researchers at Carnegie Mellon University‚Äôs CyLab Biometrics Center have been testing an iris recognition system that can be used to identify subjects at a range of up to 40 feet.
|More News » |