The tiny Nordic European island country of iceland is presently experiencing one of the greatest economic comebacks of all time. After the privatization of the banking sector completed in 200o, the economy was thrown into a tailspin when over a five year period, private bankers borrowed 120 billion dollars (10 times the size of Icelandís economy). A huge economic bubble was created, causing house prices to double, and making a small percentage of Icelandís population rich enough to buy up overseas investments, mansions, yachts, and private jets, while leaving an absolutely un-payable debt for all Icelanders. Iceland was facing national bankruptcy.
In response to the failed banking system, in October 2008, Icelandís revolution against this financial tyranny began, rather casually in the street, in front of the Icelandic general assembly.
In the duration of five months, the main bank of Iceland was nationalized, government officials were forced to resign, the old government was liquidated, and a new government was put in its place. By March 2010, Icelandís people voted to deny payment of the 3,500 million Euro debt created by the bankers, and about 200 high-level executives and bankers responsible for the economic crisis in the country were either arrested or were facing criminal charges.
In February 2011, a new constitutional assembly settled in to rewrite the tiny nationís constitution, which aimed to avoid entrapment by debt-based currency foreign loans. In 2012, Icelandís economy is expected to outgrow the Euro and the average for the developed world, as estimated by the Paris-based Organization for Economic Cooperation and Development.
So how does a revolution like this take root and activate a citizenry to effectively respond to grand scale economic theft by bankers and politicians?
Worker fired over hospital's hardline vaccination policy 2015-08-04 20:55
Three others suspended under Waikato DHB‚Äôs new rule requiring staff to be vaccinated or wear a mask.
One worker has now been sacked for defying a new hard-line policy forcing unvaccinated Waikato District Health Board staff to get flu jabs or wear masks.
A number of staff at the DHB have come forward with concerns since the Weekend Herald revealed that three ...
Bulgaria keeps out migrants with a 50 mile razor wire fence along Turkish border 2015-08-04 20:27 Keep out: Police chief Ivan Stoyanov at the fenceStretching far into the horizon, this is the super-fence blocking thousands of migrants hoping for a new life in Europe.
As police in Calais struggle to contain thousands trying to storm the Eurotunnel in their desperation to get into Britain, the Bulgarian authorities are shoring up their border with Turkey.
The barriers around the ...
DF wants video to tell refugees to stay away 2015-08-04 20:59
“If you want to seek happiness in Europe, Denmark is not the right place.”
That’s the message that the anti-immigration Danish People’s Party (DF) wants to send loud and clear to asylum seekers.
DF spokesman Martin Henriksen is calling on Denmark to replicate Australia by releasing a video in English and Arabic that will discourage asylum seekers from making their way ...
Dutch King Willem-Alexander declares the end of the welfare state 2015-08-04 18:26
King Willem-Alexander delivered a message to the Dutch people from the government in a nationally televised address: the welfare state of the 20th century is gone.
In its place a "participation society" is emerging, in which people must take responsibility for their own future and create their own social and financial safety nets, with less help from the national government.
Why a Caucasian-Japanese is not Perceived as Japanese 2015-08-04 2:15
The Japan Times has a hilarious article about a White guy who is angry and upset at the horrible and racist world we live in because customs agents and border agents are questioning his "right to be Japanese."
It's seems that Debito Arodou's experience at border crossings suggest that no one takes a White guy seriously, for claiming to be Japanese.