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Iceland forgives mortgage debt of its population
ϚHAIRMAN MΣOW
APEX PREDATOR
User ID: 78469
04-12-2012 10:18 PM

Posts: 8,204



Post: #46
RE: Iceland forgives mortgage debt of its population
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LoP Guest  Wrote: (04-12-2012 10:18 PM)
Luvapottamus  Wrote: (04-12-2012 10:16 PM)
LoP Guest  Wrote: (04-12-2012 10:11 PM)
BREAKING NEWS:

Iceland is suspected of a covert WMD program.

Aircraft carrier is being dispatched to the region.

This is a developing story.

We need to liberate them from their tyrannical government!

I hear they are developing a dangerous hydrogen car!

They are opening a steam bourse that only trades in gold and kroner!

chuckle

chuckle

chucklechuckle

[Image: 8JfLId2.png]
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Fester NLI
lop guest
User ID: 15284
04-12-2012 10:32 PM

 



Post: #47
RE: Iceland forgives mortgage debt of its population
Richard Eldritch  Wrote: (04-12-2012 08:48 PM)
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.

The population of Iceland is over 300000 in fact.

There are many definitions of money. Ideally shouldn't it be a neutral and consistent medium for trading goods and services?

I don't believe the failure of Icesave was due to local mortgages. More likely it was the purchase of foreign toxic assets. That would kind of eliminate local responsibility don't you think? If you have some evidence to the contrary please do share.
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Her Ladyship
Registered User
User ID: 90000
04-12-2012 10:34 PM

Posts: 88



Post: #48
RE: Iceland forgives mortgage debt of its population
Chairman Meow  Wrote: (04-12-2012 10:18 PM)
LoP Guest  Wrote: (04-12-2012 10:18 PM)
Luvapottamus  Wrote: (04-12-2012 10:16 PM)
We need to liberate them from their tyrannical government!

I hear they are developing a dangerous hydrogen car!

They are opening a steam bourse that only trades in gold and kroner!

chuckle

chuckle

chucklechuckle

chuckle
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BeelzeBob
Registered User
User ID: 14698
04-12-2012 10:34 PM

Posts: 648



Post: #49
RE: Iceland forgives mortgage debt of its population
As long as the welfare handouts get spread equally amongst the citizens, I'm good with it.

So lets say you need 110k to pay your debt, and the hand out is 100k. You get a 100k towards that debt, now you only got 10k to go. Me, I only need 30k, so of my 100k the remaining 70k gets placed in briefcase and I walk away.

Any other solution (e.g. giving unequal amounts of money to people or none at all) is complete and utter BS.

And pleaaassee don't whine...but, but the banks got this so I should get the same. If you're gonna say that you get the same, then so does everyone else...it's either all in or all out, not just a handout to those who have overspent, or smirk "gotten taken advantage of" on a loan.
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 10:38 PM

 



Post: #50
RE: Iceland forgives mortgage debt of its population
BeelzeBob  Wrote: (04-12-2012 10:34 PM)
As long as the welfare handouts get spread equally amongst the citizens, I'm good with it.

So lets say you need 110k to pay your debt, and the hand out is 100k. You get a 100k towards that debt, now you only got 10k to go. Me, I only need 30k, so of my 100k the remaining 70k gets placed in briefcase and I walk away.

Any other solution (e.g. giving unequal amounts of money to people or none at all) is complete and utter BS.

And pleaaassee don't whine...but, but the banks got this so I should get the same. If you're gonna say that you get the same, then so does everyone else...it's either all in or all out, not just a handout to those who have overspent, or smirk "gotten taken advantage of" on a loan.

Cmicsfee
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Free Range Humans
Registered User
User ID: 89832
04-12-2012 10:38 PM

Posts: 4,611



Post: #51
RE: Iceland forgives mortgage debt of its population
Unlimited Geothermal Energy to produce heat, electricity and hydrogen means that money isn't the most important thing in that country.

They are on the verge of breaking away from the global system under their own power.
(This post was last modified: 04-12-2012 10:38 PM by Free Range Humans.) Quote this message in a reply
Luvapottamus
Registered User
User ID: 82349
04-12-2012 10:41 PM

Posts: 31,450



Post: #52
RE: Iceland forgives mortgage debt of its population
Fester NLI  Wrote: (04-12-2012 10:32 PM)
Richard Eldritch  Wrote: (04-12-2012 08:48 PM)
LoP Guest  Wrote: (04-12-2012 08:42 PM)
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.

The population of Iceland is over 300000 in fact.

There are many definitions of money. Ideally shouldn't it be a neutral and consistent medium for trading goods and services?

I don't believe the failure of Icesave was due to local mortgages. More likely it was the purchase of foreign toxic assets. That would kind of eliminate local responsibility don't you think? If you have some evidence to the contrary please do share.

Yeah they stuffed those banks with toxic paper just like Ireland. And used those banks to launder Russian mafia money. They were infultraded and taken advantage of because they HAD a really SOLID banking system before the 'sters moved in on them. Mobsters and banksters.

And Ireland tried to do the same thing, they even VOTED to do the same thing, then got screwed anyway.

Wow, Iceland is about the population of Tulsa.

I wish them the best, they really have everything they need to set a great example for how to operate a successful society.

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 10:43 PM

Posts: 40,815



Post: #53
RE: Iceland forgives mortgage debt of its population
Fester NLI  Wrote: (04-12-2012 10:32 PM)
Richard Eldritch  Wrote: (04-12-2012 08:48 PM)
LoP Guest  Wrote: (04-12-2012 08:42 PM)
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.

The population of Iceland is over 300000 in fact.

There are many definitions of money. Ideally shouldn't it be a neutral and consistent medium for trading goods and services?

I don't believe the failure of Icesave was due to local mortgages. More likely it was the purchase of foreign toxic assets. That would kind of eliminate local responsibility don't you think? If you have some evidence to the contrary please do share.

meh close enough.....

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

Would you like some cheezwhiz with your whine?
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 10:45 PM

 



Post: #54
RE: Iceland forgives mortgage debt of its population
If money represents limited resources how come they keep printing more?
And how is it people can sell their ideas, are ideas limited?
Books?
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Luvapottamus
Registered User
User ID: 82349
04-12-2012 10:47 PM

Posts: 31,450



Post: #55
RE: Iceland forgives mortgage debt of its population
BeelzeBob  Wrote: (04-12-2012 10:34 PM)
As long as the welfare handouts get spread equally amongst the citizens, I'm good with it.

So lets say you need 110k to pay your debt, and the hand out is 100k. You get a 100k towards that debt, now you only got 10k to go. Me, I only need 30k, so of my 100k the remaining 70k gets placed in briefcase and I walk away.

Any other solution (e.g. giving unequal amounts of money to people or none at all) is complete and utter BS.

And pleaaassee don't whine...but, but the banks got this so I should get the same. If you're gonna say that you get the same, then so does everyone else...it's either all in or all out, not just a handout to those who have overspent, or smirk "gotten taken advantage of" on a loan.

I'd be fine with that.

I'd be fine without relief too, but I want the foreclosed houses surrounding me filled with OWNERS, not renters. The banks should have to auction them, or only sell them for a little more than was still owed on them.

The one behind me sold for $85k, and my neighbor had paid over $40k on it.

I don't care if somebody picks it up for $55k. I paid more for mine, but we need to get people into homes they can afford. That bank only loaned out $8.5k(if that much) they'd still be getting 10X what they risked.

But there's probably better solutions. We just need a congress that wants to solve problems instead of creating them.

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 10:47 PM

Posts: 40,815



Post: #56
RE: Iceland forgives mortgage debt of its population
The Evil AC  Wrote: (04-12-2012 10:45 PM)
If money represents limited resources how come they keep printing more?
And how is it people can sell their ideas, are ideas limited?
Books?

Because if they didn't half of us would be eating mud and flies. So they defer the mud and flies for a "later" generation ( coz we'll be dead and tough shit kids)

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

Would you like some cheezwhiz with your whine?
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 10:50 PM

 



Post: #57
RE: Iceland forgives mortgage debt of its population
Luvapottamus  Wrote: (04-12-2012 10:47 PM)
...
But there's probably better solutions. We just need a congress that wants to solve problems instead of creating them.

Progress congress
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The Evil AC
I am not a number!!!
User ID: 666
04-12-2012 10:50 PM

 



Post: #58
RE: Iceland forgives mortgage debt of its population
Richard Eldritch  Wrote: (04-12-2012 10:47 PM)
The Evil AC  Wrote: (04-12-2012 10:45 PM)
If money represents limited resources how come they keep printing more?
And how is it people can sell their ideas, are ideas limited?
Books?

Because if they didn't half of us would be eating mud and flies. So they defer the mud and flies for a "later" generation ( coz we'll be dead and tough shit kids)

I rather think the half eating the mud and flies would attack the other half.
Cultures existed without money, but money makes empires. Those that print the money are the owners of empires.
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LoP Guest
lop guest
User ID: 84193
04-12-2012 11:05 PM

 



Post: #59
RE: Iceland forgives mortgage debt of its population
Luvapottamus  Wrote: (04-12-2012 08:25 PM)
http://www.youtube.com/watch?v=xxBW4mPzv6E


Sorry, but that song is creepy.
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Phoenix Rising
Registered User
User ID: 14525
04-12-2012 11:10 PM

Posts: 35



Post: #60
RE: Iceland forgives mortgage debt of its population
And let the call go out through all lands...on all streets...let it be written on the walls of all of the capitals..."WE...ARE ICELAND!"

No more oppresion...no more debt...no more bankster theft..

WE...ARE ICELAND!

Rise Above!
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