Iceland

Status
Not open for further replies.
It's tough when the the profits go to private parties when times are good, and the citizens are required to pay the losses when the times are bad. While in the US we are more than happy to bail out the "too big to fail" types because we love them despite their screw-ups, the Icelanders are not quite that stupid.
 
Another proof that financial crisis in US and now in Europe is an engineered phenomenon with a specific outcome in mind. Iceland citizens simply saw what was coming, i.e. that they would become slaves. Meantime we cheer for the next American Idol while handing over billions of tax dollars to “save the planet” or bail out failed companies.
 
Originally Posted By: greenaccord02
In before the lock! The real problem is bailing out private business with public funds. There is no such thing as "too big to fail".
apples and oranges. most of the banks in iceland are foreign entities. You'd have to be nuts to think a complete failure of the US banking and wall street would have been preferable.
 
Originally Posted By: FXjohn
Originally Posted By: greenaccord02
In before the lock! The real problem is bailing out private business with public funds. There is no such thing as "too big to fail".
apples and oranges. most of the banks in iceland are foreign entities. You'd have to be nuts to think a complete failure of the US banking and wall street would have been preferable.
Don't worry, they'll fail again. Maybe next time we'll do it right!
 
Originally Posted By: bullwinkle
Originally Posted By: FXjohn
Originally Posted By: greenaccord02
In before the lock! The real problem is bailing out private business with public funds. There is no such thing as "too big to fail".
apples and oranges. most of the banks in iceland are foreign entities. You'd have to be nuts to think a complete failure of the US banking and wall street would have been preferable.
Don't worry, they'll fail again. Maybe next time we'll do it right!
right. who needs regulations or prosecution of white collar criminals. Iceland is now doing what all countries - especially the U.S. - need to do. Prosecute the actual individuals responsible for the collapse, and go after their personal assets, off-shored or not. Instead, all too often, laws of incorporation mean that the corporation, and its workers, are liable for civil penalties, but the CEOs, CFOs and board members cannot be held criminally liable. It's time to change that. Remove the profit motive from white-collar crime. Reinstitute individual criminal penalties by legally piercing the corporate veil. Let amoral greedheads know that all they'll get is trouble and jail cells. There should be phalanxes of cops in riot gear walking into Goldman Sachs, pepper spraying their officers and board members, and dragging them away in handcuffs
 
Yeah, give it a year or so and we'll see how it plays out in round 2. I'll bet a lot of people will wish that we bit the bullet and did it right the first time.
 
Originally Posted By: greenaccord02
Yeah, give it a year or so and we'll see how it plays out in round 2. I'll bet a lot of people will wish that we bit the bullet and did it right the first time.
how do you think a total economic collapse of the US would affect you and your assets?
 
Originally Posted By: KrisZ
Another proof that financial crisis in US and now in Europe is an engineered phenomenon with a specific outcome in mind. Iceland citizens simply saw what was coming, i.e. that they would become slaves. Meantime we cheer for the next American Idol while handing over billions of tax dollars to “save the planet” or bail out failed companies.
Agreed. Of course the Federal Reserve is not even a LEGAL concern in the USA, not only that is it completely unlawful and unconstitutional to boot. It is an outlaw entity printing FUNNY MONEY (fiat currency) Until the American People take matters into their own hands to drive the tyrants out of power nothing will improve. The Icelandic people are extremely intelligent, homogeneous, and have excellent critical thinking skills, unfortunately the US have little or none of these qualities today. A fractured country will eventually fall, history has repeatedly borne this out. As for prosecution of the guilty parties..well how can this be achieved when our ENTIRE government is corrupt and criminal? Also you have the same people churning in and out of government and business. A VERY BAD SCENARIO! Can you say conflict of interest?
 
Last edited:
Originally Posted By: greenaccord02
Yeah, give it a year or so and we'll see how it plays out in round 2. I'll bet a lot of people will wish that we bit the bullet and did it right the first time.
Won't happen. These are the guys, the plutocrats, who run the country. One recent example, there is resistance to extending the 2% payroll tax cut that expires December 31, 2011 (affects people making less than $104,000/year). And there is resistance to reversing the tax cuts on the plutocrats (affecting people making $250,000 and up). And the resistance is by the same people. How they manage to sell us these two contradictory ideas is beyond me. Must be something in our water...
 
Originally Posted By: FXjohn
Originally Posted By: greenaccord02
Yeah, give it a year or so and we'll see how it plays out in round 2. I'll bet a lot of people will wish that we bit the bullet and did it right the first time.
how do you think a total economic collapse of the US would affect you and your assets?
I won't pretend to understand what all this means, but its an interesting read. http://en.wikipedia.org/wiki/Financialization Basically how I understand it, is that the guys on wall street are just spinning there financial machinery faster making more virtual profits. So for those of us who actually produce goods and services that people actually can see and use, maybe a "financial collapse" is a good thing?
 
Propaganda. Calling any American a plutocrat is absurd. It's nice for all the little trust fund kiddies to write words like that on their signs and march around and "occupy" while the world laughs at them - it's cute or whatever - but behavior like that is why this silly "movement" of percentages isn't being taken seriously. And it shouldn't be. Yes, it's true that the term can be used to label those with higher relative wealth - but it's an extremely politically charged term.
 
Originally Posted By: greenaccord02
Propaganda. Calling any American a plutocrat is absurd. It's nice for all the little trust fund kiddies to write words like that on their signs and march around and "occupy" while the world laughs at them - it's cute or whatever - but behavior like that is why this silly "movement" of percentages isn't being taken seriously. And it shouldn't be. Yes, it's true that the term can be used to label those with higher relative wealth - but it's an extremely politically charged term.
OK, let's call the plutocrat a more scientifically, statistically correct term - a 1%-er. Do you really think you have as much influence on your world as a 1%-er?
 
Originally Posted By: greenaccord02
Politically, yes. But the role of government in a capitalist democracy isn't to level the playing field in all areas of life.
Agreed about the role. But it shouldn't be about the opposite either.
 
Originally Posted By: CivicFan
Originally Posted By: greenaccord02
Politically, yes. But the role of government in a capitalist democracy isn't to level the playing field in all areas of life.
Agreed about the role. But it shouldn't be about the opposite either.
Fair enough, but taxing people who have money disproportionately is not right either. We are equally represented in government, so let us be equally taxed by government.
 
Originally Posted By: CivicFan
[ OK, let's call the plutocrat a more scientifically, statistically correct term - a 1%-er. Do you really think you have as much influence on your world as a 1%-er?
Nice to see that there are still some critical thinkers left in the USA with the ability to use independent thought as well.
 
Status
Not open for further replies.

Similar threads

A
Another McDonald's hot food burn lawsuit.
2 3 4
Replies
65
Views
2K
64bawagon
dishdude
Home Depot Delivery - Impressed!
Replies
5
Views
225
Owen Lucas
K
  • Locked
Why Dollar Stores are bad for health, and aren't actually that cheap
2
Replies
30
Views
958
Astro14
dnewton3
  • Locked
Disturbing trends in education ...
7 8 9
Replies
178
Views
4K
Astro14
skyactiv
What job for a young, intelligent woman with a communications degree?
3 4 5
Replies
84
Views
2K
TomYoung
Top