A MUST WATCH: Olafur Ragnar Grimsson Iceland president ‘Let banks go bankrupt’

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Vatic Note:   Boy, is he laying it out the way it is.  Listen carefully to what he says about what happened when the high tech people left the Banking industry, AFTER THE BANKS WENT BANCRUPT, their high tech industry took off and "blossomed" as he put it.  When the questioner asked him about London which is a financial center, should the banks be bailed out,  that was the President of Icelands response, NO!

Basically  what he is saying is that banks are not only non productive and do not create wealth, but they actually harm the industries that do, like the high tech industry, so their going bancrupt might actually do some good for the economy, not just because of their manipulations and crimes, but because of their extraction of resources that could be used to actually produce wealth for the nation and the globe.  Its too bad we have to get this kind of news from Davos through a foreign publication, huh?  Yup.  MSM is gone for good.  And more and more of the alternative is not far behind.

So, Iceland has given us the answer to the recovery if we just listen and email this video to your congressmen and senators and tell them if they ignore this advice then they are committing what can be considered treason, since the SOLUTION HAS BEEN GIVEN TO US FOR FREE BY ICELAND.  Its now up to us, to stop the games these bankers are playing in trying to bring us down.  Its worth a try since nothing else has worked.  Icelands employment is back up again.

He said they even helped the poor, at the same time that they did some austerity, so we can do it through NO MORE DAMN WARS FOR BANKER PROFITS AND MILITARY INDUSTRIAL COMPLEX PROFITS. We can then hire an independant audit to find that 2.3 trillion dollars missing from the pentagon and that will go a long way in reducing the debt we have.  Those, alone, will meet our austerity requirements. Now I know we have the courage to stand against them when they come for the guns, but do we have the courage to stand against them when they come for our taxes???

That has to be made perfectly clear to your congressmen and senators. It also has to be made clear that there is no second chance on this issue.  Its that or they are out of office, at the very least, and make that perfectly clear. Lets force some back bone up the backs of our elected officials and remind them they are the leaders of this nation and they better START ACTING LIKE IT OR WE WILL. 

If they insist on subordinating their loyalty to the US with their loyalty to Israel, then they can expect even more reactions from us in the area of treason. YOU HONESTLY NEED TO SAY THAT TO THEM.  I did and it is working.  My congressman is taking a completely different stand than before and told me he did not know about all this. 

THANK GOODNESS FOR DAVOS MEETING or we would not have gotten this insight and information.  No wonder the Davos participants are depressed.  LOL 

Grimsson Iceland president ‘Let banks go bankrupt’
http://www.youtube.com/watch?feature=player_embedded&v=51-Jfh6ADH0
Uploaded by AussieNews1

Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt.

Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.

“We didn’t follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery.”



http://www.youtube.com/watch?feature=player_detailpage&v=51-Jfh6ADH0

"We didn't follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery."

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