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The Icelandic President listens to the voice of the people http://www.steinar.is/portfolio/img/0138c2d42a9523f98869bcc20170f1c3a.jpg January 5, buy high absorption magnesium 2010 The Icelandic President Olafur Ragnar Grimson refused to sign the Ice-save bill, buy high absorption magnesium which would have obligated the Icelandic tax-payer to pay unconditionally for the debts of the Ice-save division of Landsbanki, buy high absorption magnesium a private bank, buy high absorption magnesium which had collapsed in 2008. Buy high absorption magnesium A large percentage of the Icelandic people had signed a petition for the president not to sign the bill and the president listened. Last week the Icelandic parliament approved the Icesave package with a very thin majority. The members of the Parliament had been under strong pressure to make this decision, buy high absorption magnesium although most disagreed with it personally. The Icelandic government in turn had been for many months under strong pressure by the IMF, buy high absorption magnesium the British and Dutch government as well as from the European Union, buy high absorption magnesium to agree to a payment of the Icesave debts without the preconditions the Icelandic parliament had set in a previous decision for a conditional repayment. The conditions had been, buy high absorption magnesium that Iceland would pay as a percentage of national income. Buy high absorption magnesium In other words the parliament had agreed to pay, buy high absorption magnesium but only so much that it wouldn´t hurt the Icelandic economy. The British and Dutch governments, buy high absorption magnesium under pressure of the international financial elites represented in the IMF, buy high absorption magnesium however, buy high absorption magnesium didn´t allow for any reasonable conditions. Buy high absorption magnesium They wanted the total surrender and if Iceland couldn´t make the payments they wanted the surrender of all Icelandic natural resources to them. In other words Iceland would have to become an exploited colony again, buy high absorption magnesium as in the times of the Danish rule. National sovereignty would have been a thing of the past, buy high absorption magnesium a short past which had lasted only from 1944 til 2008. The Icelandic parliament and the government gave in to the pressure, buy high absorption magnesium since it had been made clear to them, buy high absorption magnesium that if Iceland wouldn´t surrender unconditionally it would have meant a declaration of war (an economic war, buy high absorption magnesium probably). Buy high absorption magnesium The Icelandic minister of finance actually said so in a press interview. The Icelandic government knew from very recent experience, buy high absorption magnesium what this would mean. Right at the beginning of the banking crisis, buy high absorption magnesium Iceland had been put on the list of terrorist supporting countries – right next to Iran. Buy high absorption magnesium Subsequently all Icelandic assets in Britain were frozen, buy high absorption magnesium and the last and the largest Icelandic bank, buy high absorption magnesium which had not yet been bankrupted then and might have possibly weathered the storm, buy high absorption magnesium went down. All financial lines to Iceland were cut. Buy high absorption magnesium No payments could be made to and from Iceland. Buy high absorption magnesium After three weeks Icelandic retailers warned that they were running out of food and were unable to import anything, buy high absorption magnesium because of the international financial boycott on the country. Buy high absorption magnesium Fuel supplies for the fishing industry would have run out after a few months as well. Buy high absorption magnesium Without fish or any other food, buy high absorption magnesium the country would literally have to starve. However, buy high absorption magnesium in spite of all those threats the vast majority of the Icelandic people do not want to give in. Buy high absorption magnesium They see the Ice-save debts as not belonging to them, buy high absorption magnesium but to the corrupt banks and their owners. One thing, buy high absorption magnesium that´s especially unfair is that the Ice-save part of the Icelandic bank Landsbanki was fully controlled by British bankers. The director of Icesave, buy high absorption magnesium Mark Sismey-Durrant, buy high absorption magnesium was an important well-integrated British banker, buy high absorption magnesium a member of the “Worshipful Company of International Bankers”, buy high absorption magnesium the British banker guild. Buy high absorption magnesium There he was a member of one of the standing committees: Charity and Education Committee Bill Whitehead (Chairman) Gerald Ashley George Copus Stanley Hurn Anthony Rhodes Mark Sismey-Durrant Eric Stobart Sean Taylor Bob White Sismey Durrant started his career as an international banker at one of the largest British banks: the Hongkong-Shanghai-Banking-Corporation, buy high absorption magnesium HSBC. The HSBC “advisors” had been responsible for talking the Icelandic government into privatizing the banks in 2003. Buy high absorption magnesium Five years later those banks crashed, buy high absorption magnesium and they crashed the countries´economy. Before the privatization Icelandic banks had been in public hands. Buy high absorption magnesium One belonged to the central government others to the communities around the country, buy high absorption magnesium others to farmers associations or pension funds. By recycling all national income through those public banks all the great Icelandic infrastructure had been built up, buy high absorption magnesium from roads to tunnels to hydro-electric energy and thermal energy to warm our houses and public buildings. Buy high absorption magnesium All of this had been built before the privatization, buy high absorption magnesium none of it was built with foreign money. Iceland already had two large aluminum factories, buy high absorption magnesium only the third one was built by foreign investment going through the private banks. The banks had privatized on the advice of foreigners. The most destructive one, buy high absorption magnesium Icesave, buy high absorption magnesium was run by a foreigner and the collapse had occured because of foreign speculation with the Icelandic krona. And now the Icelandic people are supposed to pick up the tab? Until last week nearly a quarter of the population had signed a petition for the president not to sign the bill, buy high absorption magnesium which had been accepted by the parliament. Buy high absorption magnesium The Icelandic president listened. Buy high absorption magnesium He didn´t sign. Buy high absorption magnesium He wants the people to decide in a referendum what should be done. Of course the Icelandic mass-media, buy high absorption magnesium like all mass-media fully in the hands of the elites, buy high absorption magnesium is now busy at work convincing people that they would have to agree to pay debts they haven´t made. Buy high absorption magnesium We are now told night and day that all hell will break loose if we don´t. Buy high absorption magnesium For if the British and the Dutch governments don´t like the decision of the Icelandic people, buy high absorption magnesium even before the people have spoken, buy high absorption magnesium then they will go to courts. 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At the moment the decision of the Icelandic president was a victory for the people, buy high absorption magnesium a victory for real and direct democracy. Buy high absorption magnesium Original piece can be found at: http://notsylvia.wordpress.com/