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Iceland forgives mortgage debt of its population
UcDat
Registered User
User ID: 54868
04-12-2012 08:19 PM

Posts: 12,439



Post: #1
Iceland forgives mortgage debt of its population
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http://www.youtube.com/watch?v=uyxzg58Jk...ure=colike

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008. teleSUR

Big news that certainly won't make the MSM here!

Looking for alternative sources to confirm the story nothing on teh google anyone here from Iceland or with linkage to their local news?
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MrRash
Torus and The Rabbit Hole
User ID: 89393
04-12-2012 08:21 PM

Posts: 7,601



Post: #2
RE: Iceland forgives mortgage debt of its population
We should do the same here!

f*#k...I love ICELAND...

The MODEL of liberty...

Art: Link To My Website

Art Music: Soundcloud link to original music ideas...
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 08:25 PM

Posts: 32,025



Post: #3
RE: Iceland forgives mortgage debt of its population

There is no such thing as sovereign debt. Nationalize monetary policy at the FED, reinstate Greenbacks.
Wall Street Sales Tax http://www.youtube.com/watch?v=Vb5OQUElilo
United Front Against Austerity
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Just a LOPster
You're lookin at it
User ID: 80419
04-12-2012 08:31 PM

Posts: 12,727



Post: #4
RE: Iceland forgives mortgage debt of its population
This is what a functional representative government looks like, not like our moneyocracy Jhikpghf

There's money to be had.
(This post was last modified: 04-12-2012 09:34 PM by Just a LOPster.) Quote this message in a reply
Richard Eldritch
Hussar!
User ID: 89574
04-12-2012 08:33 PM

Posts: 41,099



Post: #5
RE: Iceland forgives mortgage debt of its population
Iceland only has 14 citizens so the problem was alot smaller. As for the banks they owed money to foriegn nations so that wasn't such a big deal either.

Pope Barbie Imaculata Wrote: (Today 08:28 PM)

Would you like some cheezwhiz with your whine?
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LoP Guest
lop guest
User ID: 89924
04-12-2012 08:33 PM

 



Post: #6
RE: Iceland forgives mortgage debt of its population
while we forgave the banksters debt!
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LoP Guest
lop guest
User ID: 89954
04-12-2012 08:34 PM

 



Post: #7
RE: Iceland forgives mortgage debt of its population
MrRash  Wrote: (04-12-2012 08:21 PM)
We should do the same here!

f*#k...I love ICELAND...

The MODEL of liberty...

THIS
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TX PATRIOT
Registered User
User ID: 88824
04-12-2012 08:35 PM

Posts: 2,205



Post: #8
RE: Iceland forgives mortgage debt of its population
MrRash  Wrote: (04-12-2012 08:21 PM)
We should do the same here!

f*#k...I love ICELAND...

The MODEL of liberty...

kettlnaut  Wrote: (04-12-2012 08:31 PM)
This is what a functional representative government looks like, not like our moenyocracy Jhikpghf

Nothing left to add.

Please, Jesus, protect me from your followers. Amen.
(This post was last modified: 04-12-2012 08:35 PM by TX PATRIOT.) Quote this message in a reply
The Legend of Sexual Chocolate
الشوكولاته الجنسي
User ID: 16352
04-12-2012 08:36 PM

Posts: 24,986



Post: #9
RE: Iceland forgives mortgage debt of its population
Iceland forgave them but did the banks? Does this now mean that the government of Iceland now owns their homes? If so, f*#k that. I'd rather pay my own mortgage

[Image: 524036c385761.jpeg]

If you see me talking to myself,don't worry I am just getting expert advice.
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Florida Sucks
Registered User
User ID: 70660
04-12-2012 08:37 PM

Posts: 744



Post: #10
RE: Iceland forgives mortgage debt of its population
And i bet there wont be a peep about it on the MSM!doomed
and also Yay for Iceland!Cheer
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Luvapottamus
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User ID: 82349
04-12-2012 08:40 PM

Posts: 32,025



Post: #11
RE: Iceland forgives mortgage debt of its population
We could have done that here.

The bailout money could have been used to pay off ALL THE MORTGAGES in the nation, and it still would have gone to the banks.

Instead, they just gave it to the banks and skipped the mortgages.

Stupid way of doing things, EITHER WAY, but we could have done that and got twice the bang for the buck, and a COMPLETE RECOVERY.

Because think of all the cash people would have had to buy things with no mortgage!

[Image: 233E_4F872193.jpg]

There is no such thing as sovereign debt. Nationalize monetary policy at the FED, reinstate Greenbacks.
Wall Street Sales Tax http://www.youtube.com/watch?v=Vb5OQUElilo
United Front Against Austerity
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Richard Eldritch
Hussar!
User ID: 89574
04-12-2012 08:42 PM

Posts: 41,099



Post: #12
RE: Iceland forgives mortgage debt of its population
Luvapottamus  Wrote: (04-12-2012 08:40 PM)
We could have done that here.

The bailout money could have been used to pay off ALL THE MORTGAGES in the nation, and it still would have gone to the banks.

Instead, they just gave it to the banks and skipped the mortgages.

Stupid way of doing things, EITHER WAY, but we could have done that and got twice the bang for the buck, and a COMPLETE RECOVERY.

Because think of all the cash people would have had to buy things with no mortgage!

[Image: 233E_4F872193.jpg]
I agree, and It would have given people some money to spend to keep the economy afloat.

Pope Barbie Imaculata Wrote: (Today 08:28 PM)

Would you like some cheezwhiz with your whine?
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LoP Guest
lop guest
User ID: 85230
04-12-2012 08:42 PM

 



Post: #13
RE: Iceland forgives mortgage debt of its population
Richard Eldritch  Wrote: (04-12-2012 08:33 PM)
Iceland only has 14 citizens so the problem was alot smaller. As for the banks they owed money to foriegn nations so that wasn't such a big deal either.

There is no money and nobody owes it to anyone. There are only numbers in computers. You can safely erase all these numbers and the world will not end!
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Hollow Closet Dweller
Registered User
User ID: 58538
04-12-2012 08:43 PM

Posts: 2,152



Post: #14
RE: Iceland forgives mortgage debt of its population
i have mentioned the state of iceland on a thread before; the way iceland handled the debt that they suffered at the hands of international banker who burnt a shit load of foreign investment was to kick them out of the country and the say f*#k you to the international monetary system (for the most part).

Thats why the IMF stopped using it as its poster child country of 'success' post 2008. The IMFs solution to the debt burden left was to have the population of iceland pick up the debt and pay back, like a mortgage.

They got a new gov and refused to pay back the international investment, as it was the fault of the bankers.

All countries in europe should do that, as we all know the major players/criminals, are relatively few and far between. But that won't happen.

I am glad iceland did tho, they set some kind of precendence.

Imagine not having to pay back your mortgage.. that would be amazing.

thanks for the post.

Heartflowers
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 08:43 PM

Posts: 32,025



Post: #15
RE: Iceland forgives mortgage debt of its population
LoP Guest  Wrote: (04-12-2012 08:42 PM)
Richard Eldritch  Wrote: (04-12-2012 08:33 PM)
Iceland only has 14 citizens so the problem was alot smaller. As for the banks they owed money to foriegn nations so that wasn't such a big deal either.

There is no money and nobody owes it to anyone. There are only numbers in computers. You can safely erase all these numbers and the world will not end!

GLOBAL JUBILEE!

Cheer Cheer Cheer Cheer

There is no such thing as sovereign debt. Nationalize monetary policy at the FED, reinstate Greenbacks.
Wall Street Sales Tax http://www.youtube.com/watch?v=Vb5OQUElilo
United Front Against Austerity
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