Iceland Recovering Fastest In Europe After Jailing Bankers Instead Of Bailing Them Out

Claire Bernish – After Iceland suffered a heavy hit in the 2008-2009 financial crisis, which famously resulted in convictions and jail terms for a number of top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,” which includes universal healthcare and education.

icelandIn fact, Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go.

Iceland is beautifully, yet unfortunately, unique in how it chose to handle the disaster. It simply let the banks fail, which resulted in defaults totaling $85 billion—lending ample justification for the prosecution and conviction of bank executives for various fraud-related charges. The decision seemed shocking at the time, but the gamble has obviously paid off. Choosing a different route, the U.S. bailed out the banks and let executives off the hook by levying fines that ultimately ended up being paid by the corporations—meaning the executives ostensibly responsible for the mess got off scot-free.

“Why should we have a part of our society that is not being policed or without responsibility?” special prosecutor Olafur Hauksson said after Iceland’s Supreme Court upheld the convictions for three bankers—and sentenced them to between four and five and a half years each. “It is dangerous that someone is too big to investigate—it gives a sense there is a safe haven.”

Hauksson, a police officer from a small fishing village, ended up taking the role of special prosecutor after being urged to do so when the first announcement to fill the position drew no applicants. The Icelandic Parliament even aided the prosecution’s effort by loosening secrecy laws to allow investigation without the hindrance of requiring court orders.

Six of the seven convictions that ended up in Iceland’s Supreme Court have been upheld, and five cases were scheduled for the top court as of February. An additional fourteen cases appear likely to be prosecuted. By contrast, the animosity Americans felt toward their largest financial institutions after the bailout has grown bitter. After the banks pled guilty in May for manipulating global currency and interest rates, the court imposed a paltry fine of $5.7 billion—which won’t even go to the people most affected by the fraud. Iceland’s successful prosecutions and economic recovery remain the subject of envy for Americans.

Shortly, however, Iceland’s economic health will be put to the test.

Strict capital controls that were applied when banks were circling the drain six years ago will now be loosened, allowing foreign investors—whose assets have essentially been frozen since then—to take their business elsewhere. To prevent a possible repeat crisis, the finance minister announced a 39% tax for anyone choosing to do so. “The danger is capital flight and a consequent fall in the value of the krona,” explained University of Iceland economics professor, Thorolfur Matthiasson. “That would be tantamount to October 2008, bringing back bad memories for ordinary people and possibly making most businesses unsustainable due to balance-sheet problems.”

Though many are nervous, there is still cautionary optimism since Iceland has certainly weathered the storm before.

Claire Bernish writes for, where this article first appeared. Tune in! TheAnti-Media radio show airs Monday through Friday @ 11pm Eastern/8pm Pacific. Image credit: Javier Soriano.  This article may be re-posted in full with attribution.

SF Source Activist Post  June 2015

James Gilliland “interviews” Michael ElLegion & Laura Legere, As You Wish talk radio 6-13-15

Learn about the impact we can all have through the Common law courts will rule the land once we get on board.

Kauilapele's Blog

I say “interviews”, because it’s never really an “interview”, more of a discussion.

Found this via GoodETxSG/Corey’s forum. The Blue Avians arre mentioned somewhere after 50 minutes.

[Caution: Laura and Michael (and James) are not normal people. They are “out there”, and this was strongly confirmed by my face to face meeting, back in March, 2015, with two of their accomplices, Bruce and Barbara. Please, if you are not ready to step into a Higher Vibrational level, do not listen to this show.]

[Update: here is a direct link to the show, including an mp3 download link.]

View original post

Cobra Update 6-19-15… “Implants” (or, “Why has the Event NOT yet happened”)

MUST READ! You will get something out of this article on multiple levels if you read it a couple of times with an open mind.
We’ve all been tricked- the hook, the line, the sinker, etc.- but we don’t have to stay hooked, i.e., tricked! This article tells us how it happened.
I don’t understand every detail, and maybe you won’t either. But the gist of it is very obvious, such as the use of karma and the use of frequencies to control us. Thanks very much for including the implant removal techniques!

Kauilapele's Blog

portal2012_logo_vertical133All I can say here is, “Darn that ‘plasma accretion vortex’!!” I knew it all along…

I would be interested in what Corey has to say about this.

“Earth primary anomaly quantum fluctuations well… maintained by the plasma implant grid and supported by plasma strangelet and toplet bomb retaliation mechanisms is the background meta-strategy of the Chimera which maintains quarantine Earth status and still prevents the Event, Disclosure and First Contact.

” The network of implants in the plasma energy bodies of the surface humanity is the deepest hole of the collective subconsciousness and the basis of the planetary plasma anomaly accretion vortex.

” Primary anomaly is the root cause of all suffering, and all negative actions of all sentient beings are a chain reaction of generational trauma, originating in the original fall from grace, the original encounter with the primary anomaly millennia ago, and the original experience of the…

View original post 662 more words

David Wilcock New Article 6-14-15… “Secret Space Program Revealed: Two New Radio Shows, Transcript!”

Great update on the news that counts! Thank you David, KP, et al.

Kauilapele's Blog

David_Wilcock_Search138This just came out at David says the original audio posted from the 5-25-15 Jimmy Church radio show had some missing pieces. So there is an audio (YouTube video) which is the full version.

The downloadable MP3 he has listed is of a 5-28-15 radio show (recorded on 5-26-15).

There’s a lot of data here. I’m posting a few highlights, followed by a bit of text from the article and a link to David’s article at the end.

“Everything is reaching a climax, both on and off-planet. The recent announcement of the hacking of all records for all US federal employees, even the most classified, is only the latest major signpost of a coming, epic change… It is interesting to simultaneously reflect on the fact that “the darkest hour is before the dawn,” and we are far closer to it than most people could ever imagine.

View original post 1,056 more words

FULL ARTICLE Benjamin Fulford 6-2-15… “Will the revolution finally come this autumn?”

Follow the money, dash for the cash! It’s pretty easy to locate the puppet masters if you do this.

Kauilapele's Blog

benjamin_fulford_ottowa_senators_shirt_72Will the revolution finally come this autumn?
Posted by benjamin, June 2, 2015

There are growing signs that world events will be allowed to simmer away until this autumn when there may finally be revolution in the West and an end to cabal rule. In fact, it is the moral duty of all aware people to make sure this happens and the West is freed from Babylonian style debt slavery.

The most likely trigger for the revolution is now expected to be Greece. The latest news on that front is that Greece will “bundle” June payments to the IMF. What this means, according to British MI5 intelligence, is that “if Greece bundles it’s June payments, it defaults to the IMF in early July, this will be reported by the IMF Managing Director after 30 more days followed by some 3-4 weeks of procedural talks inside the IMF.” In other words…

View original post 3,227 more words