Long-Term Unemployment, the Shrinking Social Safety Net, and the Mass Strike

February 22, 2010 (LPAC)—As the U.S. and global economies continue to evaporate, the problems of Americans who have lost their jobs and have little to no prospect of landing new ones, grows by the day. Even the official unemployment statistics, which dramatically understate the problem, are horrible: Some 6.3 million Americans have been unemployed for six months or longer, the largest amount since the Labor Department began tracking that figure in 1948. Roughly 2.7 million people will lose their unemployment compensation before the end of April, unless Congress once again extends the benefit program.

Already, one-third of the unemployed receive no unemployment benefits at all, either because they have already run out of benefits, they never even applied, or because they didn't "qualify." For example, starting in 2006, benefits were denied in 44 states to anyone with a household income of 75% or higher of the official—and artificially low—poverty rate.

In New York City, there are 450,000 unemployed people and only 21,500 jobs available, according to the state labor department. That's one job for every 20 people who need work. In the city, some 51,000 people are facing the loss of unemployment benefits March 28 and, statewide, some 356,000 are expected to lose those benefits by June.

Some one in six of all Americans now live in poverty, and nearly 50 million people—including one child in four—had trouble getting enough to eat in 2009. At least 15 million Americans who do have jobs, still fall below the poverty line.

The National Governors Association, which began its winter meeting in Washington, DC, on February 20, reports that plunging revenues led 43 states to cut $31 billion from their budgets in fiscal 2009, and that for fiscal 2010, even with $30 billion in additional revenue from tax and fee increases, 36 states have cut another $56 billion. A study of 45 states showed that, despite $87 billion in closed budget gaps in fiscal 2010, they still face $19 billion in deficits, with a deficit total of $134 billion projected for 2010. These revised projections of deficits will prove optimistic, as the bottom continues to fall out of their revenue base. The states also face large increases in new Medicaid costs under the healthcare bills passed by the House and the Senate.

In short, in 2010 what little remains of the U.S. social safety net will rapidly run out, with the funding ending this year for most programs—and meanwhile, the economy keeps falling, meaning that the money really isn't there to extend these programs, and protect an increasingly vulnerable population.

This disintegration of the economy, and the standards of living of the American population, are fueling the mass strike process, as more and more of our citizens reject the fascist, financier-directed policies which are destroying them. The Obama Administration is under growing political pressure to act, but refuses to do so, since the only policy that could turn things around is the LaRouche Plan, and that plan would destroy the power of Obama's masters in the British Empire. But unless and until that shift is made, there is no possibility of fixing our economy, and the situation will only get worse, at an accelerating rate.

The Anglo-Venetian Empire's Rothschilds Run Spanish Banking

February 22, 2010 (LPAC)—The Rothschild banking family, one of the top financial warfare and looting operations of the Anglo-Venetian oligarchic slime mold, controls at least the top two Spanish banks, Banco Santander and Banco Bilbao Vizcaya Argentaria (BBVA). Banco Santander is a member of the Rothschild-controlled Inter-Alpha Group of banks, which is led by the Royal Bank of Scotland, and includes leading banks in Italy, France, Germany, the Netherlands, Belgium, Scandinavia, Greece, Ireland, and Portugal. From 1986 to 1998, BBVA's predecessor, Banco Bilbao Vizcaya, was the Spanish member of the Inter-Alpha Group, but it left in 1998, paving the way for Banco Santander to take its place. Both Banco Santander and BBVA have extensive operations in Ibero-America, serving as vehicles for imperial looting.

Banco Santander was a Rothschild bank from its beginning in 1857, with one of its six founders being the son of the Rothschild agent in the city of Santander. The Botin family, which runs the bank today, married into the family of this Rothschild agent. There has been much speculation over the years as to how the Botins manage to maintain control of the bank while owning such a small amount of its stock, but the answer is simple. Sometimes, it is not what you own, but what owns you, that is the determining factor. In this case, the Botins are controlled by the Rothschilds, making them little more than puppets of the empire.

The Unpopular Corpse

February 22, 2010 (LPAC)—Lyndon LaRouche has emphasized that the Obama Presidency is, at this point, nothing but a political corpse waiting for the undertaker to remove his smelly presence from the American political scene. LaRouche has issued a clarion call for him to "git"—either by impeachment or resignation—and he has called on other patriotic forces to rise to the occasion and join him in that call.

So far, politicians in Washington haven't dared to "go there." But the American population has clearly had it with the stench. The latest Rasmussen poll reports that Obama set a record low, with a mere 22% of voters saying they "strongly approve" of his Presidency, while 41% "strongly disapprove."

To make matters worse, this week Obama, set on a suicidal course by his London controllers, is planning to hold a bipartisan meeting on healthcare in Washington, DC, where he will try to ram through exactly the same Nazi policies, such as IMAC, which earned him the moustache in the first place.

Add to that the fact that the few remaining safety nets the American population still have—some unemployment benefits, Medicaid, federal support for COBRA health insurance coverage— are all going to wind down or vanish altogether over the course of 2010, and you have the makings of a true shock wave hitting an already enraged population. So don't expect the resulting mass strike to take any prisoners.

Then there is the other corpse that LaRouche has pointed to—the thoroughly bankrupt international financial system—which is also only waiting for the undertaker, and whose stink competes with that of the Obama administration that is trying to salvage it.

London is still singed over Lyndon LaRouche's operation over the past couple of weeks, which delivered it a serious blow by exposing that the so-called "Greek" financial crisis, was in fact a crisis of Spain and the entire London-run euro zone, with its addiction to the thoroughly insolvent Brazil carry trade— courtesy of the London-run Santander bank.

Now, the Rothschild outlet, the London Economist magazine, has mounted a lame comeback to LaRouche and a threat, in a Feb. 18 article, "Domino Theory." The next domino to fall in the "Greek" crisis, it writes, might not be Spain or Portugal, but the United States, since there could be "a sudden loss of confidence in all sovereign debt, and especially in American Treasuries." The only way to avoid this, it blusters, is by slashing U.S. spending through a "credible medium-term plan to cut deficits. Otherwise, Greece's problems could be the start of something much bigger."

President Obama is of course making every effort to comply, but, corpse that he is, he isn't able to deliver much anymore for his British masters.

As LaRouche said: it's time for the undertaker—on both counts.

The End of the Obama Administration.

Economic Dictatorship Ahead? The Eurozone Is Finished!

by Helga Zepp-LaRouche

The author is the chairwoman of the Civil Rights Solidarity Movement (BueSo), a German political party. Her article was translated from German and will appear in the Feb. 26, 2010 issue of Executive Intelligence Review.

February 19, 2010—Germany is in existential danger, in more ways than one. The French media report that Chancellor Angela Merkel (CDU), apparently for the first time, at the EU summit on Feb. 11 in Brussels, abandoned her previous resistance to the establishment of a European economic government. This means that in the future, the Council of Europe, supported by 30,000 green bureaucrats from the EU Commission—and thus, of course, a body that is not accountable to the voters—is supposed to determine economic policy in Germany. This move toward an oligarchic dictatorship, which was foreseen in the Lisbon Treaty, will do absolutely nothing to change the fact that the financial system and thus, the Eurozone itself, are flying apart in all directions, because Spain and Great Britain are even more bankrupt than Greece.

Secondly, the CDU (Christian Democratic Union) in the state of North Rhine-Westphalia (N.R.W.) is openly heading toward an alliance with the Greens, which—even without a financial crash—would drive Germany, as an industrial nation, even further into ruin, and drastically reduce the living standards of the population. That is, if it is not stopped.

- The 'Tragedy' Is Not Greek -

It is quite likely that the planned European economic government would be enthroned on a corpse. For a "Greek tragedy threatens Britons," as the Financial Times Deutschland writes, while Jim Rogers, co-founder of the Quantum Fund, says, "I would advise you to sell any sterling you might have. It's finished," and Bill Cross of the Pimco investment fund warned against any investment in Great Britain, "because British gilts [government bonds] are resting on a bed of nitroglycerin."

The figures speak for themselves: In January, the British government was unable to borrow on the financial markets, and had a budget deficit of £4.3 billion instead of the expected £2.8 billion surplus; income tax revenues tumbled by 19.8% compared to the previous year; net debt rose to 59.9% of GDP, and the budget deficit to 12.8%—higher than in Greece.

But the worst is yet to come for Great Britain, because Spain, with which the City of London is closely intertwined, is a much larger financial bomb than Greece. The Union Bank of Switzerland (UBS) recently published a comprehensive 68-page report, warning its customers that the Spanish banks are covering up their losses, especially in the mortgage market and commercial real estate. The Spanish real estate market, according to the bank, was overvalued by more than 30%, and NPL (non-performing loans) were probably on a scale of 30-40%, which was concealed by all sorts of restructuring.

The Financial Times wrote on Feb. 18 that people should be much more worried about Spain than about Greece, because Spain's debts are so massive that even Germany and France combined could not save it. And the guru of a one-world currency, Robert Mundell, told Bloomberg that Italy is the biggest problem of the Eurozone.

While the media initially tried to focus on the relatively small crisis in Greece, and the EU desperately tried to make it a bloody example of austerity policies, still the magnitude of the crisis can no longer be swept under the rug: In fact, we are dealing here with the collapse of the international debt bubble whose center is the British Empire—i.e., the conglomerate of investment banks, hedge funds, and financial institutions that, since the crisis broke out in late July 2007, have insisted, again and again, on "rescue packages," at the taxpayers' expense.

This conglomerate is "too big to save." Because the attempt to "save" all the countries that are threatened with state bankruptcy—which have meanwhile mutated from "PIIGS"¹ to "STUPID" (Spain, Turkey, United Kingdom, Portugal, Italy, and Dubai; and we would have to add a whole series of other countries)—could only lead to a massive hyperinflationary policy, opening the monetary floodgates. Such a depreciation of the currency would have incalculable social consequences for the so-called little people, who are already furious at the fat bonuses given to the bankers.

If the collapse of Germany and other European states is to be prevented, then the entire banking system needs to be immediately placed under a Glass-Steagall standard, and the financial instruments and debts that cannot be refinanced should be instantly cancelled. The Eurosystem, with its rules established by the Lisbon Treaty, must be dissolved, and Europe must revert to its sovereign nation-states.

Germany has every right to revoke the Eurodiktat imposed upon it by Margaret Thatcher, Francois Mitterrand, and George Bush, Sr., and, like any country, under international law, can repudiate an international treaty if it is contrary to its fundamental interests. And steps must be taken immediately to return to the deutschemark. The difficulties that would have to be overcome to do that are a piece of cake, compared to the problems Germany would face as paymaster for the bankrupt Eurozone.

- Elections in North Rhine-Westphalia -

Until the election in North Rhine-Westphalia in May, Chancellor Merkel and the CDU are, above all, trying to downplay the true extent of the disaster, and draconian cost-cutting measures will be announced right after the election—but this will be difficult to pull off, given that time is running out, and taking into account the dynamic of the collapse. This dynamic includes not only the member-states of the Eurozone, but, not least, the German municipalities. The massive breakdown of local business tax revenues has brought many cities and towns to the brink of ruin, and is forcing the closure of day-care centers, swimming pools, libraries, etc.—accomplishments that took decades to build. And that also means a huge cut in the citizens' quality of life.

Given this overall situation, it is really a bit much to see how shamelessly the CDU (popularly identified with the color black) in North Rhine-Westphalia is heading for an alliance with the Greens. While a large proportion of FDP (Free Democratic Party) voters now clearly realizes that it was perhaps not so smart to vote for the FDP, Mrs. Merkel has given Environment Minister Norbert Roettgen (CDU) a free hand, with his statements about getting out of nuclear power as soon as possible, paving the way for a black-green coalition in N.R.W..

Voters in North Rhine-Westphalia are well advised, before the election, to imagine very clearly what this means, in a federal state that has already become the biggest victim of the cultural paradigm shift: that N.R.W. has been transformed from a region with a great density of ultra-modern industry and infrastructure, into an area in which the most modern steel mills were shut down, and today, what were formerly factories are now museums, and casinos, banks, and insurance companies will dominate the skyline of the cities. Instead of building the Transrapid maglev train, in conjunction with the CargoCap,² large parts of N.R.W. were declared Emissions Zones,³ and the traffic jams on the highways are getting longer and longer.

Black-green: a nightmare for North Rhine-Westphalia!

More: http://www.larouchepac.com/node/13623

 

Advocate for British Famine Policy Confronted on Cartel Seed Control

February 21, 2010 (LPAC) — At the plenary of the 83rd annual conference of the U.S. Department of Agriculture, guest speaker Dr. Nina Fodoroff, a State Department science adviser, who co-authored a recent Science article re-stating British globalist food (famine) policy, was challenged by EIR's Marcia Merry Baker on the point that patenting of food genetics—a hallmark of globalization—was always against the American System, and explicitly opposed by the FDR Administration's Agriculture Secretary Henry Wallace. Private food-seed patenting should be rolled back now.

Fodoroff, whose speech and Science article, called for the opposite—namely for a new worldwide "regulatory framework" to give even more power to the private GM (genetically modified) seed patent-holders—sternly replied to Baker, that the issue is "intellectual property protection." Fodoroff was referring, to "protection" for the tight circle of GM seed patent-holders: Monsanto, DuPont, Bayer, Cargill, Syngenta and very few others. She said that no roll-back of privatized patenting is to happen. "The train has left the station."

Fodoroff's reaction is strictly in line with that of the new Obama Administration appointee for the top position of Science Adviser to the USDA, Dr. Roger Beachey, who is directly associated with Monsanto. Appointed to the USDA in October 2009, Beachey, a plant geneticist, came from being Director of the Donald Danforth Plant Science Center in St. Louis, which he founded in 1998 with Monsanto Foundation funding. Monsanto President and CEO Hugh Grant is on the board of trustees.

The Baker-Fodoroff exchange took place as the first question of the 1600 person webcast USDA "food security" plenary. Baker spoke of the economic breakdown today, the potential for turnaround to re-build national economies through the right emergency measures, and referred specifically to the surge of commitment to nuclear power in Asia, citing Russia, China, India and others. "Going nuclear" is a policy shift. She said that we must unleash real scientific research, have vast agriculture expansion, and end the wrongful practice of the last 40 years, of private patenting of food genetics. She also joked at the fact that, "in any case, Monsanto and DuPont are suing each other over patent rights," referring to court fights now underway in St. Louis.

In reply, Fodoroff referred to the (infamous) 1970 U.S. Plant Variety Protection Act, which for the first time ever, allowed "patenting of life forms," in terms of bacteria modification and food. She said that "we would lose more than we would gain," by returning to "public sector" rights.

Fodoroff said that she was in India last week, where "they are ambivalent" on the matter of GM seed rights, because of their history of "public sector" involvement. (In fact, it was India's public sector implementation of the Green Revolution that allowed the nation to become food self-sufficient in 1974.) But, Fodoroff insisted, there is no doubt that a nation should NOT revert to the "public sector," because it is "inefficient."

Her article in Science (Feb. 12 issue), "Radically Rethinking Agriculture for the 21st Century," includes among its co-authors, Dr. Beachey, and another Monsanto scientist, D.A. Fischhoff. It is part of a special Science feature on, "Food Security: The Challenge of Feeding 9 Billion People," co-authored by two officials of the British Government Office of Science.

Anglo-Israeli "Doomsday" War Scheme Advances

February 21, 2010 (LPAC)—Sources close to the Israeli government have warned Executive Intelligence Review that Prime Minister Benjamin Netanyahu's inner cabinet is close to making a decision to launch a preventive strike against Iran's nuclear facilities. Such a decision, that would be a further step closer to a devastating regional confrontation, could come as early as Sunday, when the Israeli cabinet convenes. According to the source, a fierce debate is raging within the Israeli military, over whether Israel has the capacity to successfully strike Iran's nuclear facilities at Natanz or elsewhere. Recently former Israeli Defense Forces Chief of Staff Gen. Dan Halutz told Israeli media that the IDF does not have the ability to seriously damage the Iranian program. But, according to an Israeli source close to the inner cabinet, several options are being reviewed for just such an attack. According to the source, in recent visits to Russia, both Netanyahu and Foreign Minister Avigdor Lieberman pressed Russian Prime Minister Vladimir Putin for permission to stage attacks against Iranian targets from sites inside Russia. Putin reportedly strongly shut the door on that option; however, similar approaches have been made to the government of Kazakhstan, according to the Israeli source. The source added that the preferred option, being promoted by factions in the IDF, is to launch attacks from Israeli submarines, equipped with Cruise missiles. The source noted that the accuracy of the Cruise missiles, launched from Israeli submarines is unreliable, and most of the Iranian sites on the Israeli target list are in urban areas.

The sources confirmed that the Obama Administration's national security team has delivered a series of strongly worded messages, warning Israel against any unilateral attacks on Iran. U.S. military leaders, as well as Defense Secretary Robert Gates, Secretary of State Hillary Clinton, JCS Chairman Adm. Michael Mullen, National Security Advisor Gen. Jim Jones, and Vice President Joe Biden, all recognize that a military strike against Iran is the worst-case, last option, and that we are not even close to the point of having to make that decision. It is widely believed, including among Israeli planners, that Iran has a retaliatory asymmetric capability that would involve crippling the entire Persian Gulf oil flow, blowing out the entire world economy, if attacked.

Lyndon LaRouche warned that circles in London, including former Prime Minister Tony Blair, are the real potential architects of this "doomsday" scheme. It is those in London, who are desperate over the collapse of the entire British System, who may be contemplating an Israeli breakaway ally attack on Iran, that would bring on a planetary dark age. Just recall Blair's testimony before the Chilcot Commission, in which he taunted the commissioners with the need to take military action against Iran today, just as he lied the U.S. and Britain into the 2003 invasion of Iraq. These people would have to be totally desperate, to be contemplating such a doomsday act, and I am afraid that they are, LaRouche warned.

Israeli Source Confirms: Brits Were Fully In On Hamas Hit

February 21, 2010 (LPAC)—A senior Israeli source, closely tied to the Netanyahu government, has confirmed that the British were fully complicit in the Mossad assassination of a prominent Hamas official in Dubai on Jan. 20. According to the source, the British intelligence services provided Mossad with all of the passports used, to conceal the identities of the hit squad members. "Not only were the British passports given to the Mossad. The Brits provided the German and Irish passports as well," the source said. "They were fully witting before the fact."

According to the source, the M.O. of the assasination was similar to the murder, decades ago, of weapons designer Gerald Bull, who was assassinated in March 1990 outside of his apartment in Brussels. He explained that the friction between the British and the Israelis after the killing of the Hamas official, was due to the fact that the Israelis obtained a large number of documents from the murdered man's briefcase, and have so far refused to share the contents with the British.

It's Official: Britain Is the Top "PIG"

February 20, 2010 (LPAC)—"Shock as British Deficit Equals That of Greece," headlines the London Independent. The collapse of tax revenue that caused a record £4.3 billion deficit for January, is front-page headline news all over the British media. Now, almost all the relevant numbers have made Great Britain the top PIG. First, the announcement pushed up the interest on British 10-year treasury bonds, or "gilts," to 4.2%, up 17 basis points. While this is still lower than Ireland (4.75), Greece (6.53), and Portugal (4.41), it is considerably higher than Spain's, which are 4.02%, and Italy's, which are at 4.05%. As for the deficit as percentage of Gross Domestic Product, Britain is headed toward 12.8%, as compared with Greece's 12.7%. Even if Britain is within the government's own official forecast, it will be at 12.6%. The overall borrowing this fiscal year, which ends in March, is officially forecast to be £178 billion, but could exceed £180 billion.

The government maintains that it cannot be compared to the PIGS, because its public debt is only 60% (£848.5 billion) of GDP. But even this is worrying, since it has increased by 10 percentage points this year alone, from 50% (£708 billion). But this is a phony figure, because last year the Office of National Statistics maintained that the government's bank bailout has to be included. This would bring the debt to £2 trillion, or 147% of GDP, which is 50% larger than Greece's. The ONS stated that since the government has put in billions to save the Bank of Scotland and Lloyds Banking Group to the point where it controls their management, they should be considered part of the public sector.

Meanwhile a closer look at the "fundamentals" of tax receipts, shows it could hardly be worse. The collapse of revenue was 9% in a month—January—for which economists had forecast a 2.8% increase. Income tax returns collapsed by 20%, and corporate tax by 6%. The Value Added Tax (VAT) increased only because the rate was increased from 15% to 17.5%. Public spending increased 15%, especially because of increased unemployment benefits. The Independent reports that the figures may have been massaged, because there are indications that the government has been holding back the reimbursements for overpaid income tax, which would make "the figures better now, at the cost of making them worse in a couple of months time." Because income tax is collapsing, especially in the top 10 percentile which accounts for 53% of the intake, the VAT will likely be increased to 20%.

Meanwhile the collapse of revenues among British municipalities is expected to lead to the loss of more than 20,000 municipal jobs.

The Bitch is Very Upset!

February 20, 2010 (LPAC)—Lyndon LaRouche's most recent command-actions directed towards clearing away the obstacles the British have placed in the way of his four-power initiative and a global Glass-Steagall bankruptcy reorganization, have been both unexpected by and unexpectedly effective against the enemy. His call for Obama's impeachment has had a profound effect. Then, when the British attempted the fraud of pointing to Greece as the factor that was collpsing the euro system amidst the world systemic collapse, LaRouche executed a successful flanking maneuver: by exposing the fact that it was really not Greece, but Spain and the British-controlled Spanish bank, Banco Santander, LaRouche proved the fraud of the bankrupt BRIC (Brazil—or is it British Empire, Russia, India, and China?) grouping with which the British were attempting to destroy LaRouche's Four-Power Initiative for Russia, China, India, and the United States. In fact, it is the British world system which is totally bankrupt.

The old bitch is very, very upset. Now, with the United States up for grabs in the mass strike, she has just dispatched her toady Tony Blair, to attack LaRouche here in Washington, D.C., using precisely the same channels through which Blair earlier entangled the George W. Bush Administration into the Afghanistan War, and then the Iraq War.

Michael Gerson has an op-ed column in Friday's Washington Compost which warns the "Tea Partiers" that they must "repudiate" LaRouche if they wish to become "legitimate." (Read: "or else!") He even tells them exactly what to say: "This is not 1776,... Those who take a revolutionary metaphor too literally are not engaged in politics, they are engaged in sedition.... The Federal Reserve, by the way, just helped to prevent a depression by increasing the money supply. It deserves a little thanks."

Gerson knows whereof he speaks on "conspiracy theories." As a Bush speechwriter 2001-06, he was a member of the "White House Iraq Group" (WHIG) which tried, in secret, to sell Americans on the forthcoming Iraq War. This was the group which counterattacked against the exposure of the forged "yellowcake" document, and whose records were subpoenaed by Special Counsel Fitzgerald in investigating the leak of Valerie Plame's identity. And of course "Scooter" Libby, who was convicted in that case, was a member.

In the WHIG's secret meeting of Sept. 5, 2002, it was Gerson who proposed the phrase which was later farmed out to then-Secretary of State Condoleezza Rice: "The smoking gun must not become a mushroom cloud." But note that in proposing that, Gerson was only bringing to Washington the lying "September Dossier" of Britain's then-Prime Minister Tony Blair, with his "weapons of mass destruction with which Saddam could hit London in 45 minutes." In fact, a look at the files establishes that the White House Iraq Group, also called the White House Information Group, was joined at the hip with another secretive organization called the Coalition Information Center. This was a U.S.-British organization headquartered in the White House and 10 Downing Street, set up first to promote the Afghanistan, then the Iraq war, and which filtered Blair's orders and Blair's disinformation into the U.S. government. The Coalition Information Center was renamed the Office of Global Communications (OGC) in October 2002. Reuters reported that the OGC held "daily telephone conference calls to coordinate foreign policy messages among U.S. government agencies and representatives of British Prime Minister Tony Blair." The "Coalition Information Center" was exposed in the Feb. 21, 2003 EIR by Jeffrey Steinberg.

Since leaving the White House in 2006, Gerson, who is a freaky fundamentalist of the cult variously called "The Family," or "The Foundation" (along with Chuck Colson), has become an open Blair retainer and sycophant under various political and religious covers. Gerson is Senior Research Fellow at the Institute for Global Engagement, a grouping of far-out U.S. fundies and some foreign religious leaders which dedicates itself to promoting Tony Blair as almost the Messiah. Gerson's own contributions to Blair hagiolatry include "Tony Blair's Unshaken Logic," townhall.com, May 18, 2007, and "The Faith That Moves Tony Blair," Washington Post, June 4, 2008.

The old bitch is upset, indeed.

Saving The People of Iceland

 

# 4,217:

9:28 pm PST, Feb 19, Miguel De Sousa, Australia
wikileaks has a memo from US Embassy in Iceland that shows efforts to stop the referendum from taking place at all. VOTE NO PLEASE, for all us in the rest of the world

# 4,216:

8:42 pm PST, Feb 19, Izache Corzo, New York
Supporting your fight against the banksters! This is criminal and the people shouldn't stand for what the bank are trying to do. May God be on your side!

# 4,215:

5:46 pm PST, Feb 19, Evan Tector, Hawaii
Nobody pays full amount on debt negotiations or such bad terms terms. Stand up and hold out! Be fair to the next generations. Beware in the future of relationships that lead to this. Best to all. Aloha

# 4,212:

1:49 pm PST, Feb 19, Richard Brousseau, Canada
It is immoral to impoverish the entire population of Iceland for the reckless behaviour of a few. Debt recovery from a failed private corporation should not be forced upon the host country's taxpapers. This is an absurb argument and there is very little precedence to support the British and Dutch governments claims. Heads should roll and possible hefty fines and prison terms to the worst of the Perpetrators seem in order, but to harm innocents is a nasty, vicious act.

http://savethepeopleoficeland.com/