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Iceland forgives mortgage debt of its population
Bed
Registered User
User ID: 85401
04-12-2012 08:47 PM

Posts: 2,278



Post: #16
RE: Iceland forgives mortgage debt of its population
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Let's move there.

Treat your bed like your sword, bleed, breed and fall on it.
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Richard Eldritch
Hussar!
User ID: 89574
04-12-2012 08:48 PM

Posts: 39,758



Post: #17
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!

Of course there is. Money represents limited resources.

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

Would you like some cheezwhiz with your whine?
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 08:49 PM

Posts: 29,891



Post: #18
RE: Iceland forgives mortgage debt of its population
Hollow Closet Dweller  Wrote: (04-12-2012 08:43 PM)
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

The really INSANE part is most of these debts are indeed a CIRCLE JERK of DEBT.

France owes Germany, Germany owes England, England owes France, England owes Germany, Germany owes France, etc, etc.

If you just let these circle jerk debts cancel each other out, you'd have progress.

The Federal Reserve BOUGHT 61% of US treasuries last year. REPUDIATE THAT DEBT!

There's money for high speed rail.

I'm amazed how long they've been able to keep floating this debt bubble.

What's next? Turn Forvik into a bad bank?

They could do that. Just have the Sovereign State of Forvik open a central bank and buy up all the toxic debt.

Jptdknpa

http://www.forvik.com

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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Stoppitt
Kruger Ally
User ID: 78835
04-12-2012 08:50 PM

Posts: 4,628



Post: #19
RE: Iceland forgives mortgage debt of its population
I am moving to Iceland as soon as they let me leave the country, which will be never. Thanks banks!
Scream1
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IVnic8U
Dezombification expert
User ID: 79861
04-12-2012 08:56 PM

Posts: 317



Post: #20
RE: Iceland forgives mortgage debt of its population
whats wrong with just paying your mortgage? Don't live beyond your wealth.

(yಠ,ಠ)y
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 09:07 PM

Posts: 29,891



Post: #21
RE: Iceland forgives mortgage debt of its population
IVnic8U  Wrote: (04-12-2012 08:56 PM)
whats wrong with just paying your mortgage? Don't live beyond your wealth.

http://www.youtube.com/watch?v=IJ_R-G_i4Xk

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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LoP Guest
lop guest
User ID: 89992
04-12-2012 09:24 PM

 



Post: #22
RE: Iceland forgives mortgage debt of its population
This should have been done in the US instead of giving all that money to the bankers.
The only thing a US banker will do for home owners is to offer refinancing, but at a 2.5k cost to do so. Bankers suck hard!
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 09:27 PM

 



Post: #23
RE: Iceland forgives mortgage debt of its population
I bet the homeowners whom worked their asses off to pay for their homes are feeling a bit cheated now.

This isn't liberty- it's welfare.

Yes yes, fine, it's good that some people got a freebie, but what about the ones whom actually EARNED what they have?
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Free Range Humans
Registered User
User ID: 89832
04-12-2012 09:33 PM

Posts: 4,621



Post: #24
RE: Iceland forgives mortgage debt of its population
What about the people who already sold their homes for for a pittance just so they could avoid foreclosure?

Those people should be mad enough to kill and rightly so...
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Astrochik
seeking the truth - good or bad
User ID: 55237
04-12-2012 09:34 PM

Posts: 12,889



Post: #25
RE: Iceland forgives mortgage debt of its population
CheerCheerCheerCheerCheer
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 09:35 PM

Posts: 29,891



Post: #26
RE: Iceland forgives mortgage debt of its population
The Evil AC  Wrote: (04-12-2012 09:27 PM)
I bet the homeowners whom worked their asses off to pay for their homes are feeling a bit cheated now.

This isn't liberty- it's welfare.

Yes yes, fine, it's good that some people got a freebie, but what about the ones whom actually EARNED what they have?

chuckle

Yes, misery loves company.

You're right! We should just give the money to the banks without paying off the mortgages. Otherwise you'd be the only sucker who thought the bank actually loaned you money they actually had! Then paid them double or triple of the entire amount, not just the 9% they actually loaned you.

Nothing else would be fair.

chuckle

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 09:39 PM

Posts: 12,338



Post: #27
RE: Iceland forgives mortgage debt of its population
Don't start believing the lies they tell you, scarcity of resources is an artificial reality (scam) used to drive market demand and nothing else. That is what makes these bankers the worst criminals in history TBH.

The fact that not only do they make up money that they profit from, but the fact that there is infinite abundance that is purposely suppressed to ensure that somebody will feel it is worth it to pay for things. Money is just a tool so I won't blame the money itself, but finances and economics are the biggest hokiest scams ever used to control humanity. It's an even worse sham than religion.
Richard Eldritch  Wrote: (04-12-2012 08:48 PM)
Of course there is. Money represents limited resources.

There's money to be had.
(This post was last modified: 04-12-2012 09:39 PM by Just a LOPster.) Quote this message in a reply
LoP Guest
lop guest
User ID: 42895
04-12-2012 09:42 PM

 



Post: #28
RE: Iceland forgives mortgage debt of its population
Iceland iced the bankers.

A tiny country with gigantic balls.

And so very considerate to its people.

I want to be like Iceland.

Everyone will love my balls.

Cheer Jhikpghf Cheer
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Shakey1
Registered User
User ID: 78542
04-12-2012 09:45 PM

Posts: 15,762



Post: #29
RE: Iceland forgives mortgage debt of its population
"we're all icelanders now"

http://www.bbc.co.uk/blogs/thereporters/...s_now.html
http://lunaticoutpost.com/Topic-We-re-al...anders-Now

Don't kid yourselves, though, Lopers: if the NWO isn't orchestrating this remnant of common sense fiscal first-aid in an economically hemorrhaging world, then you can rest assured that the agenda will exploit and punish this wayward northern son and its citizens for daring to compromise its plans.
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 09:46 PM

 



Post: #30
RE: Iceland forgives mortgage debt of its population
Luvapottamus  Wrote: (04-12-2012 09:35 PM)
The Evil AC  Wrote: (04-12-2012 09:27 PM)
I bet the homeowners whom worked their asses off to pay for their homes are feeling a bit cheated now.

This isn't liberty- it's welfare.

Yes yes, fine, it's good that some people got a freebie, but what about the ones whom actually EARNED what they have?

chuckle

Yes, misery loves company.

You're right! We should just give the money to the banks without paying off the mortgages. Otherwise you'd be the only sucker who thought the bank actually loaned you money they actually had! Then paid them double or triple of the entire amount, not just the 9% they actually loaned you.

Nothing else would be fair.

chuckle

Why not give the responsible folks an incentive, too? Maybe waive property taxes, or provide them something... anything. I'm not rooting for bankers, I think you know that.
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