Iceland Declares Independence From International Banks

Parliament Building in Reykjavík, Iceland.

Parliament Building in Reykjavík, Iceland.

Bill Wilson writes at NetRightDaily:

Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.

On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.

At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.

In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent. “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.

A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank. The referendum was invoked when President Olafur Ragnur Grimmson vetoed legislation the Althingi, Iceland’s parliament, had passed to pay back the British and Dutch…


22 Comments on "Iceland Declares Independence From International Banks"

  1. MadHierophant | Jan 22, 2012 at 2:20 pm |

    Iceland: 1
    United States and most of Europe: 0

  2. Mamagriff50 | Jan 22, 2012 at 2:52 pm |

    Alright Iceland. Wish we would have done it here, U.S. But you know the powerful corporations and such won’t tolerate such independent thought and behavior…….Is Iceland the next war play arena???

    • Trust…I’m sure the Pentagon boyos are busting their brains trying to find a way to ‘respin’ the people of Iceland as non-whites…because its so much harder to sell genocide to Americans when the people in the little box look like they do.

  3. Hadrian999 | Jan 22, 2012 at 3:05 pm |

    admission into the EU is more of the stick than the carrot these days

  4. Mr Willow | Jan 22, 2012 at 3:38 pm |

    Too bad the ‘international banks’ Iceland declare independence from are based here in the US. 

  5. Old news, this occurred 9 months ago…

    • Still relevant.  Many American’s can’t imagine the concept.  Happy to provide the proof that it is possible, if we stick together that is.  

      • Jin The Ninja | Jan 23, 2012 at 2:03 am |

        just a reminder, iceland has a democratic socialist pm, universal healthcare, highly regulated economy, universal tertiary education and a very high standard of living combined with one of the best SS networks in europe. it is possible, but it depends on direction.

        • So you are saying “working together” requires being an exact carbon copy of Iceland?  I don’t know that you have to model the exact paramaters to invoke a similar awareness, if that were so we would have to immediately reduce the population by oh an order of magnitude and shrink our land mass by 3 orders or so….  

          But seriously, when I say everyone, I mean folks from many different backgrounds and political beliefs realizing that an unelected, unconstitutional, foreign bank cartel printing all of our money in the form of debt at interest is something we can all for the most part agree is not what we need.

          • Jin The Ninja | Jan 23, 2012 at 10:42 am |

            I am saying you cannot use the example of Iceland as a ‘free state’ from banking cartels when you are actively seeking the opposite  model of governance. however, i do agree that we need to get rid of banking cartels, corporations, banks, money, the myth of prosperity, capitalismo in it’s entirety sooner rather than later….

          • I can use whatever example of people gaining independence from bank cartels I want.  You don’t know what type of government I want, you just assume.

            Tell me this.  What is your grand plan to remove NDAA?  Challenge the legitimacy of the FED and end WAR? 
            You tell me how that can pragmatically take place.

          • Jin The Ninja | Jan 23, 2012 at 1:46 pm |

            Camron, you are correct in that you CAN use ANY example of governance you CHOOSE; however that does NOT make it ANY LESS problematic. The fact IS – ICELAND is currently under a DEMOCRATIC SOCIALIST gov’t, it’s banking legislation that this article references was decided by REFERENDUM (meaning popular vote by citizens, which by the way is COMPULSORY in iceland).

            You act as if i haven’t ever read you posts before, when in fact, I am very very clear you are a libertarian, ron paul supporter, and truther. None of those at face value are bad things; however- don’t pretend like you are not co opting a nation-state model to subvert for your OWN political ends. Just be honest about it.

            Iceland in no way resembles the US, in composition, character or history. Ron Paul’s platform on banking is very different than Iceland’s current, even if by proxy it has a similiar ‘goal.’ I’m simply pointing out what is OBVIOUS to any reader of this article. Icelanders, are REJECTING finance capitalism and it’s tactics, in favour of scandinavian ‘socialism’ (of a kind). You cannot say A is the same as Zed when clearly they are not.

            If you believe politics is pragmatism you’ve already made my arguement for me. And for the 100th time, i don’t ascribe to the belief in any legitimacy the fed or central banks may have.

  6. Just did..Where am I?

  7. Bush: “Does Iceland have weapons of mass destruction?”

  8. Well…the source may have been the neo-con spooge rag NetRightDaily…but the basics are still correct…and I think its pretty well agreed that the people of Iceland are unquestionably right in rejecting the EUs clamor for loot (which won’t actually be used for anything other than lining a few more banker pockets as the rest of the EUs citizens get handed ‘austerity measures’). A genuinely free market (as opposed to the kind modern conservatives snivel for and hunger to maintain) includes the freedom to fail…the freedom to lose…and the freedom to be indebted by ones mistakes…and the bankers looking to find fresh subsidies to pay off their errors at the expense of the people Iceland can go suck on that freedom. Its looking more and more like Iceland will be leading the charge for independence from the era of unlimited corporate douchebaggery…and we should all take a few notes from their playbook.  

  9. oooh….when do we get to do that?

  10. gwen jackson | Jan 25, 2012 at 4:21 pm |

    ummm, declaring independence from international banks….isn’t that what countries do right before we decide they need NATO to intervene and open up their markets to foreign investment, or am i thinking of something else…wasn’t there once a country called yugoslavia…?

    • Calypso_1 | Jan 25, 2012 at 5:16 pm |

      The US ended the protection of Iceland under NATO auspices with the disbanding of the IDF in 2006 – shortly before Iceland’s banking crisis.

  11. Got rid of the banksters – well done! Bunch of crooks. Ordinary people should not pay, quite right.

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