A group of people broke away from the crowd of protesters this afternoon and tried to break into the Parliament building. Two police officers stopped the small group from entering. Drumming and whistling could be heard from the protesters inside the Parliament.
This noise and commotion going on is in result of a controversial Icesave deal. The third and final round of talks concerning the Icesave deal is being discussed in Parliament during the protests. According to Visir, roughly 300 people attended the protests outside Austurvollur (East Square) in front of the Parliament today.
“The idea is that those who show up and protest this Icesave deal could wind up saving themselves one to two million kronur,” Frosti Sigurjonsson says, who is the managing director of the Dohop Flight Search System.
(Photo/MBL – Jakob)
Running and hiding is not living, that is what you do when you have given up on life Jim.
In both cases, the Agreements (pre-amendment) include a clause that covers Iceland’s ability to pay. Basically, if the IMF says that it’s not possible, the lenders will discuss amending the Agreements.
In either of those situations, assuming the guarantee could not be avoided, Iceland would be looking at sovereign default. That’d wipe the slate clean, although just as with bankruptcy of an individual it’d be disruptive.
Assuming that the current amendments hold (which is a big assumption), Iceland will never have to pay more than 6% GDP for 8 years. Then the debt is written off. If it hasn’t been already as a result of a court case. It’s hard to imagine a better set of conditions for Iceland, if they stick.
Alex – Fight and you may die. Run and you’ll live at least a while. And dying in your bed, many years from now, would you be willing to trade all the days, from this day to that, for one chance, just one chance, to come back on IceNews and tell your enemies that they may take your life, but they’ll never take your freedom!
WHEN I WAS I CHILD I HAD A DREAM. IT WAS A WAR GOING ON. STRANGE. I WAS IN THE MIDDLE OF THE ICE. SOMEWHERE IN THE NORTH OF EUROPE. I NEVER UNDERSTOOD WHAT THE DREAM REALLY MEANT. NOW IT IS CLEAR. I THINK IN FEW YEARS WE ARE ALL GETTING INTO A SITUATION. A SAD ONE. PEOPLE THINK THAT IT IS IMPOSSIBLE. LIKE WHEN THE 2ND WW STARTED. BUT LISTEN, THERE ARE LOTS OF CRAZY PEOPLE OUT THERE HUNGRY FOR POWER AND MONEY. MAYBE MORE TODAY THAN EVER BEFORE. WE HAVE CRATED A WORLD WITH ORGANIZATIONS LIKE THE UNO, ETC… WE HAVE NEW AND BETTER LAWS, BETTER STRUCTURES OF COMMUNICATION, BUT STILL, THE BADS SEEM TO HAVE MADE THEIR WAY ALL TROUGH IT…
IT IS HUNGRY FOR POWER, THAT ONCE AGAIN IS GOING TO PUT US ALL IN DANGER. BECAUSE THEY DON´T HAVE ENOUGH, AND THEY DON´T CARE. DO THEY LOOK LIKE THEY CARE?? THE WARS, PEOPLE LOOSING THEIR HOMES, THE HUGE COMMERCE WITH THE HEALTH SYSTEM, CAMON, YOU DIE IN THE WESTERN WORLD IF YOU DON´T HAVE MONEY TO PAY FOR YOUR CURE. HOW FAIR IS THAT?? MAKING MONEY OF THE MOST ESSENTIAL HUMAN NEEDS, LIKE HEALTH, AND HOUSING… THIS IS, THEIR POWER AND OUR SLAVERY, HERE IN ICELAND AND EVERYWHERE ELSE. THE ICELANDIC MAFIA Y JUST LIKE AT THE BOTTOM OF THEIR PYRAMID. THERE IS PEOPLE WHO ARE AT HIGHER POSITIONS, AND THEY RULE. NOT OBAMA, NOT THE PRESIDENT OF ICELAND.
IS PEOPLE REALLY AWARE OF WHAT IS REALLY HAPPENING HERE?
AND WHAT IS MOST IMPORTANT, OF WHAT IS REALLY COMING NEXT?
The IceSave accounts where 300 thousand. That is roughly 3 accounts per Icelandic household. So if we get 30% recovery rate from Landsbanki then each household stands to pay 40 thousand EUR. Is it just me or does that not seem a bit unfair…
If this would have been 3 million accounts for argument sake, who would have paid the bill then?
The legislation that allowed Icesave is clearly not working and will be changed in the future. When that happens the Icelandic household might be able to resist to pay for this mess.
On Sep 2, 2009, Niels said:
“Bromley,
Exactly, I cannot remember that the EU tried to seize dutch deposits of natural gas or british deposits of oil. The fact that much of our income from gas is wasted is entirely the responsibilitly of the dutch government, not of the EU.”
——————————————————-
Who wrote anything resembling that the EU seize assets?
Fisy?
Are you blindly accepting Bromley was correct in his interpretation of what Fisy wrote?
Rather disingenuous, I would say.
Without even much examination on my part, the reference could well be to EU regulation on policy of economic liberalisation, privatisation of national assets.
A policy implemented at EU level and carried out by member countries since the 1980’s.
Iceland has also carried out privatisation of national assets as an associate member.
“He will gain infamy if he doesnt sign this one into law”
He is already infamous, the most infamous ******* ******* of all times.
“Leaving fishing aside, which everyone accepts is an issue for Iceland, has the EU taken any resources from member states? I don’t believe that it has.”
Iceland is a tiny state, defenseless against the EU once it has entered, when the Lisbon treaty gets rammed down the throats of the Irish, after some bribes and a few bottles of Scotch this may change, the problem with the EU is that its like signing deal on a blank piece of paper, no one can know what his horror may evolve into.
“LOL. The British and Dutch will fight in the EU, they will fight on the court steps, they will fight in the ante rooms and in the courts, they will fight in the appeal court; they will never surrender.”
The British will do what the government tells them to do, like they always do,
the gov will keep printing money to finance rescue packages and give the money to your fatcat friends
you will pay the bill in higher future taxes,
the British will not fight and they have already surrendered.
“None are more hopelessly enslaved than those who falsely believe they are free.”
Johann Wolfgang von Goethe
“i refuse to pay, and i will never surrender anything of mine, including my country”
LOL. The British and Dutch will fight in the EU, they will fight on the court steps, they will fight in the ante rooms and in the courts, they will fight in the appeal court; they will never surrender.
Bromley,
Exactly, I cannot remember that the EU tried to seize dutch deposits of natural gas or british deposits of oil. The fact that much of our income from gas is wasted is entirely the responsibilitly of the dutch government, not of the EU.
>IMF loan is not main issue in taking of resources. EU membership is. Because then EU comission can regulate what it likes in that area
Leaving fishing aside, which everyone accepts is an issue for Iceland, has the EU taken any resources from member states? I don’t believe that it has.
If the EU later decides to “nationalise” all oil production, for example, then Iceland can simply leave the EU.
Axel writes :
>Michael Hudson sums up the problem Iceland is against in this radio interview,
Brumley writes:
>He has so many basic facts wrong, things even Fisy and I wouldn’t argue over.
Yes he does stretch many things and interpreations way far away from what is credible. But he’s right about the desiribility of Icelands resources etc. just not in his main thesis.
IMF loan is not main issue in taking of resources. EU membership is. Because then EU comission can regulate what it likes in that area :
https://www.icenews.is/index.php/2009/04/06/iceland-and-darling-post-match-analysis/#comment-72276
https://www.icenews.is/index.php/2009/04/21/imf-iceland-delay-“not-really-a-problem”/#comment-73063
Axel wrote :
>the president has to sign the law that was passed in Alþingi to make the >state guarantee effective, without his signature the ratified icesave deal is >worthless, he can decide to ask for a referendum,
>
>then the faith of the nation rests with Icelanders them selve
Of course he will sign it. He will not sabotage the Left wing cause and cause this government to fail that he helped to apoint in February.
Parliament has actually done right thing finally with this counter offer overall.
A refendum will not actually add any thing to this process. I do not always belief that, but in this case it is pretty clear.
He will gain infamy if he doesnt sign this one into law. Danish kings will be better loved in history than him if he delays this process further.
He may be a socialist with a short fuse temper but i think he care about his place in history ( such as it will be ).
Michal Hudson is a economist, the size of this matter is so unbelievable it is hard for one person to understand all facts, this Icelandic system collapse is of a titanic size, getting bigger by the minute, it would take a team of specialists some weeks to write a accurate report of what is happening, the Maddoff scandal, Enron etc are all jokes compared to this,
Michael Hudson is in essence absolutely right,
and whats more he is thinking like a normal person should, not like a neo-liberal,
this neo-liberalism is like a Trojan horse, used to trick blue-eyed politicians into opening the gates to a invasion of a evil army that has only one objective, total destruction and profit for some members of the worlds elite,
this ideology and the monetary system work perfectly for a certain period of time, obviously no nation can endlessly print money and expect the whole world to believe it really has value,
at some point they will loose this faith and the house of cards falls, we all know that both UK and USA never intend to pay their debts, why should they, and how could they, its impossible,
why should we accept “money” created out of nothing, based on a promise every one knows will not be kept to be used to buy our country and put us into “debt” slavery,
i refuse to pay, and i will never surrender anything of mine, including my country.
ECONOMIES HAVE TURNED INTO A MIDDLE AGE STYLE. LORDS FROM ONE COUNTRY MAKE RAIDS ON THE POPULATION OF OTHER COUNTRIES. THAT IS WHAT THE ICELANDIC BANKS DID. AND AS IT ALWAYS HAS BEEN, THE LORDS OF THOSE NATIONS WOULD COME BACK AND RECLAIM WHAT BELONGS TO THEM. BUT IN THIS CASE, THE ICELANDIC PEOPLE IS GOING TO PAY FOR IT. THERE IS NOT SENSE OF PATRIOTISM ANYMORE, JUST OPPORTUNISTIC PEOPLE THAT CLIMB HIGH, FILL THEIR POCKETS AND GET AWAY WITH EVERYTHING. WHAT A PUNCH OF CRIMINALS, AND THEN THEY TELL THEIR OWN PEOPLE THAT IT IS SOME OTHER COUNTRIY´S FAULT… WHAT THE FK!! ANYONE HAVE ASKED THEMSELVE WHERE DID ALL THE MONEY GO?? DID IT JUST DISAPPEAR? AND THEN THEY ASK FOR MORE, AND FOR PEOPLE TO PAY MORE, LIKE THE TRILLIONS OF DOLLARS THE US TAXPAYER PAID TO THE BIG BANK CORPORATIONS, THE ONES TAKING THEIR HOMES AND JOBS AWAY… IT IS HAPPENING EXACTLY THE SAME IN ICELAND AND THIS NEW GOVERNMENT WE HAVE, ANOTHER PUNCH OF OPPORTUNISTIC PEOPLE MOST OF THEM. BECAUSE THEY PARTICIPATE OF THE SAME LIE, THE SAME SYSTEM THEY ALL NOW IS ROTTEN. AND SO ON AND SO ON.
IN AMERICA SOME ARE SPECULATING AND SAYING THAT THE “BIG BANG” IS COMING DURING THE YEAR 2012, WHEN WE ALL START REALIZING UP TO WICH POINT OUR DEMOCRACY AND POLITICAL SYSTEM HAS BEEN TOTALLY ABUSED AND ROTTEN BY A PUNCH OF LORDS OF THE MONEY THAT ARE THE TOTAL OWNERS OF THIS WORLD TODAY. OWNERS OF OUR HOMES, OUR FOOD, OUR JOBS AND OUR LIFES. I TOTALLY THINK THAT A NEW ERA IS COMING, IN WICH PEOPLE WILL HAVE TO FIGHT AGAIN FOR WHAT IS THEIRS…
FOR SOME IT IS VERY DIFFICULT TO UNDERSTAND CERTAIN THINGS. THAT A COUNTRY HAVE A DEMOCRATIC SYSTEM DOES NOT MEAN THAT DEMOCRACY IS GENERALLY HAPPENNING THERE. WE HAVE DEMOCRACY IN THE WAY OF ELECTING PEOPLE. BUT WE WILL ALL AGREE THAT POLITICIANS ARE FURTHER AWAY FROM PEOPLE THAN THE EARTH FROM THE MOON.
PEOPLE DO NOT RULE WHAT BIG COMPANIES AND BANKS DO AND DECIDE. POLITICIANS HAVE NOT THE WILL NOR THE POWER TO CONTROL WHAT BANKS AND COMPANIES DO. NOT IN THIS WORLD AND NOT WITH THI CONCEPT OF DEMOCRACY WE HAVE NOW.
WHAT IS REALLY NEEDED IS THAT PEOPLE REGAIN THEIR POWER. JUST IN THE MOST FUNDAMENTAL VALUE OF DEMOCRACY WICH IS EQUAL OPPORTUNITIES FOR ALL TO DECIDE HOW THINGS ARE DONE.
THOSE WHO HAVE THURST FOR POWER WONT RESPECT THE SOVEREIGNTY OF THE PEOPLE. THEY TAKE DEMOCRACY AND CLEAN THEIR ASSES WITH IT AS IF IT WAS TOILET PAPER.
AGAIN, WE LIVE IN A SYSTEM VERY SIMILAR TO A MIDDLE AGE STATE. LORDS WHO CONCENTRATE POWER IN THEIR HANDS AND USE POLITICIANS AS THEY WILL.
EVERYONE TALKING ABOUT RULES, LAWS, ETC… DOES ANYONE REALIZE THAT THIS SISTEM IS JUST A JOKE? THAT OUR DEMOCRACY IS CORRUPTED? NEW WAYS OF SLAVERING HAVE BEEN FOUND. YES, TODAY WE CAN HAVE TVS AND CARS, WHAT A LUXUS, HUMANITY HAS EVOLUTIONATED. WE CAN PRODUCE MORE… BUT WHO IS GOING AWAY WITH MOST OF IT? IT IS SAD TO SEE PEOPLE SLAVERED FOR LIFE JUST TO PAY FOR A ROOF, WHILE OTHER ACCUMULATE UNIMAGINABLE QUANTITIES OF MONEY. AND THEY CALL THIS DEMOCRACY.
THIS GLOBAL CRISIS, THIS ICELANDIC CRISIS, IS NOTHING BUT A SALVAGE AND ULTIMATE WAY FOR SUCKING PEOPLE´S MONEY, NEW WAYS OF LEAVING PEOPLE WITHOUT NOTHING. IT IS INCREDIBLE. BUT HOW LONG IS GOING TO TAKE US TO REALIZE WHAT IS REALLY HAPPENING HERE?
That guy is bat**** crazy. He has so many basic facts wrong, things even Fisy and I wouldn’t argue over.
“the faith of the nation rests with Icelanders them selves, as it should”
Then why bother electing a government? I thought Iceland was a democracy… ;-)
Icelandic terrorists ?
http://www.youtube.com/watch?v=GIoB4b5dDZU&feature=fvw
Michael Hudson sums up the problem Iceland is against in this radio interview,
http://www.kpfa.org/archive/id/53363
this affects the whole world, not just Iceland,
the president has to sign the law that was passed in Alþingi to make the state guarantee effective, without his signature the ratified icesave deal is worthless, he can decide to ask for a referendum,
then the faith of the nation rests with Icelanders them selves, as it should.
Its not just the Icesave deal, the EU and IMF we need to fight,
http://savingiceland.puscii.nl/?p=4081&language=en
lets hope this is the end of a stupid and dangerous experiment,
good job Weeds :)
“Banks are not limited companies”
Actually, almost all banks are limited companies, but their legal liability is irrelevant to the question of whether the state is ultimately liable for deposit account minimum guarantees.
THANKS FOR GOING BACK TO DEMOCRATIC VALUES. I HOPE THIS SITE KEEPS ON THAT PACE.
THANK YOU
Comradekaff said:
“why should private citizens and the public purse be expected to pay the debts of private banks?”
Banks are not limited companies. They are guaranteed by the central bank who regulate them to prevent them over borrowing and bankrupting the nation.
I THINK THAT THIS PLACE OF ICENEWS IS NOT INDEPENDENT AT ALL. IS VERY POLITICIZED. IT IS TOTALLY ABSURD TO OFFER A PLACE OVER THE INTERNET IF PEOPLE CANNOT COMMENT FREELY. IT JUST DOES NOT MAKE ANY SENSE… THE FASCIST OF THE MEDIA, WE WILL ALWAYS HAVE THEM AROUND!! UNTIL SOME PEOPLE REALIZE THAT WHATEVER THEY DO TO HIDE IT, TRUTH DOES ALWAYS COME TO LIGHT, SOONER OR LATER. IT HAS ALWAYS HAPPENED AND IT WILL BE ALWAYS LIKE THAT. FOR THE JUSTICE THOSE WHO ARE ABUSED DESERVE AND FOR THE SHAME OF THOSE WHO DID NOT SHOW ANY RESPECT FOR HUMANITY. FOR YOUR ACTS THEY WILL REMEMBER YOU.
LETS BE MEN WITH SOME SENSE OF DIGNITY
FIRST THE ECONOMIC RUIN, SECOND THE LACK OF FREEDOM OF SPEECH. SO SAD, WHEN INDIVIDUALS DECIDE TO TAKE PART IN CREATING A COUNTRY WHERE THERE IS NO RESPECT FOR THE MOST FUNDAMENTAL VALUES OF DEMOCRACY AND HUMAN RIGHTS. WHO DO YOU STAND BY? THOSE WHO SPEEK FREELY ( BECAUSE EVERYONE HAVE THE RIGHT TO MAKE THEIR OPINION RIGHT? ) OR THOSE WHO SILENCE THE INTELLIGENT MOUTHS?
THIS COUNTRY IS IN REAL DANGER, SPECIALLY BECAUSE OF THOSE WHO BAN THE TRUTH TO BE SAID BECAUSE THEY CANNOT TAKE ANYTHING DIFFERENT THAN THEIR OWN VISION OF THE THINGS.
WELCOME TO FASCISM
“No pity from me expect for Icelanders.”
Thanks but dont pity us, join us ;)
Bónus pig flag flying over Parliament building
trademark of the elite
http://www.youtube.com/watch?v=sBlzahb_Q7E&feature=related
Protesters attack a police station holding the kid who raised the flag, and get him out after a fight with police who used pepper spray to get people out if the police station.
http://www.youtube.com/watch?v=hJqelsyyFbA&NR=1
Big brother watching
http://www.youtube.com/watch?v=8nKnTc7DV8U&feature=related
http://www.youtube.com/watch?v=sBlzahb_Q7E&feature=related
protest last winter
http://www.youtube.com/watch?v=WK3sJeGfd8k&feature=fvsr
This is shot at Hotel Borg when elite owned media stöð 2 (365 miðlar) was trying to air a show called kryddsíld, the protesters prevented the Pm Haarde from getting to the show and destroyed some equipment and killed the tv show
http://www.youtube.com/watch?v=we4ZMgc3V6w&feature=channel_page
Some idiot sent 9 policemen to defend a state building against 2-300 protesters, some of them ripping up the sidewalks and trowing bricks,
some protesters had to step in and defended the police
http://www.youtube.com/watch?v=7QsXuZ_koEg&feature=related
this is new
http://www.youtube.com/watch?v=LBJkXhWAfEA
we kicked the last gov out of parliament, unfortunately it had very little effect because all the politicians serve the same masters,
time to change the system, and not just in Iceland
>What do you say to that from beyond the grave Milton Friedman?
You really dont have a clue do you? I expect you like many on hard left have never read a word that Friedman wrote and get all you information from Naomi Klein webcasts.
Icelanders pay they debts, even this debts caused a much by EU burecrats regulations as our own bankers.
Good discussions continue in this epic thread of information :
https://www.icenews.is/index.php/2009/07/29/more-members-of-parliament-against-the-icesave-deal/comment-page-4/#comment-91026
It’s too late now but I agree with the protest – why should private citizens and the public purse be expected to pay the debts of private banks? What do you say to that from beyond the grave Milton Friedman?
So what if UK Police Authorities, Councils and NHS Trusts and private citizens believed that such high interest rates could be for real?
No pity from me expect for Icelanders.
through rocks at the building!
set it on fire!
ICELAND FOREVER!
>neo-anarchists protesting against
That they express their personalities in any way they like.
Clearly their mothers did not teach them how to behave civilised when they were children.
Idiots who behave as thugs will be arrested and go to jail cells.
Money that Iceland so generously sent to the 3rd world in the past should now be kept in Iceland to use towards it’s economy.
What were these neo-anarchists protesting against: the original agreement, the amendments, the idea of repaying ANY Icesave money, or…?
does our Gus/Sir Euro spend his day (off -24/7) there ?