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The Icelandic President listens to the voice of the people http://www.steinar.is/portfolio/img/0138c2d42a9523f98869bcc20170f1c3a.jpg January 5, order discount vanadyl 2010 The Icelandic President Olafur Ragnar Grimson refused to sign the Ice-save bill, order discount vanadyl which would have obligated the Icelandic tax-payer to pay unconditionally for the debts of the Ice-save division of Landsbanki, order discount vanadyl a private bank, order discount vanadyl which had collapsed in 2008. Order discount vanadyl 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, order discount vanadyl although most disagreed with it personally. The Icelandic government in turn had been for many months under strong pressure by the IMF, order discount vanadyl the British and Dutch government as well as from the European Union, order discount vanadyl 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, order discount vanadyl that Iceland would pay as a percentage of national income. Order discount vanadyl In other words the parliament had agreed to pay, order discount vanadyl but only so much that it wouldn´t hurt the Icelandic economy. The British and Dutch governments, order discount vanadyl under pressure of the international financial elites represented in the IMF, order discount vanadyl however, order discount vanadyl didn´t allow for any reasonable conditions. Order discount vanadyl 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, order discount vanadyl as in the times of the Danish rule. National sovereignty would have been a thing of the past, order discount vanadyl a short past which had lasted only from 1944 til 2008. The Icelandic parliament and the government gave in to the pressure, order discount vanadyl since it had been made clear to them, order discount vanadyl that if Iceland wouldn´t surrender unconditionally it would have meant a declaration of war (an economic war, order discount vanadyl probably). Order discount vanadyl The Icelandic minister of finance actually said so in a press interview. The Icelandic government knew from very recent experience, order discount vanadyl what this would mean. Right at the beginning of the banking crisis, order discount vanadyl Iceland had been put on the list of terrorist supporting countries – right next to Iran. Order discount vanadyl Subsequently all Icelandic assets in Britain were frozen, order discount vanadyl and the last and the largest Icelandic bank, order discount vanadyl which had not yet been bankrupted then and might have possibly weathered the storm, order discount vanadyl went down. All financial lines to Iceland were cut. Order discount vanadyl No payments could be made to and from Iceland. Order discount vanadyl After three weeks Icelandic retailers warned that they were running out of food and were unable to import anything, order discount vanadyl because of the international financial boycott on the country. Order discount vanadyl Fuel supplies for the fishing industry would have run out after a few months as well. Order discount vanadyl Without fish or any other food, order discount vanadyl the country would literally have to starve. However, order discount vanadyl in spite of all those threats the vast majority of the Icelandic people do not want to give in. Order discount vanadyl They see the Ice-save debts as not belonging to them, order discount vanadyl but to the corrupt banks and their owners. One thing, order discount vanadyl 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, order discount vanadyl Mark Sismey-Durrant, order discount vanadyl was an important well-integrated British banker, order discount vanadyl a member of the “Worshipful Company of International Bankers”, order discount vanadyl the British banker guild. Order discount vanadyl 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, order discount vanadyl HSBC. The HSBC “advisors” had been responsible for talking the Icelandic government into privatizing the banks in 2003. Order discount vanadyl Five years later those banks crashed, order discount vanadyl and they crashed the countries´economy. Before the privatization Icelandic banks had been in public hands. Order discount vanadyl One belonged to the central government others to the communities around the country, order discount vanadyl 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, order discount vanadyl from roads to tunnels to hydro-electric energy and thermal energy to warm our houses and public buildings. Order discount vanadyl All of this had been built before the privatization, order discount vanadyl none of it was built with foreign money. Iceland already had two large aluminum factories, order discount vanadyl 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, order discount vanadyl Icesave, order discount vanadyl 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, order discount vanadyl which had been accepted by the parliament. Order discount vanadyl The Icelandic president listened. Order discount vanadyl He didn´t sign. Order discount vanadyl He wants the people to decide in a referendum what should be done. Of course the Icelandic mass-media, order discount vanadyl like all mass-media fully in the hands of the elites, order discount vanadyl is now busy at work convincing people that they would have to agree to pay debts they haven´t made. Order discount vanadyl We are now told night and day that all hell will break loose if we don´t. Order discount vanadyl For if the British and the Dutch governments don´t like the decision of the Icelandic people, order discount vanadyl even before the people have spoken, order discount vanadyl then they will go to courts. Order discount vanadyl And supposedly the courts will have us pay far, order discount vanadylfar, order discount vanadyl far more. How much more they can make us pay, order discount vanadyl I can´t see. As far as we know, order discount vanadyl the per capita debts on the people of Iceland because of Icesave is even now greater than the per capita debts the allies put unto the heads of the German people after WWI. Order discount vanadyl This, order discount vanadyl by the way, order discount vanadyl was one of the reasons for the total destruction of the German financial system, order discount vanadyl the German economy and later on the rise of Nazism. And then there is still the threat of another international boycott. Time will tell, order discount vanadyl what will happen. At the moment the decision of the Icelandic president was a victory for the people, order discount vanadyl a victory for real and direct democracy. Order discount vanadyl Original piece can be found at: http://notsylvia.wordpress.com/