FIT NEWS WAS NOT PRINTED!

Success is Wished

to the Brave People of ICELAND!





Take a look at this article describing what Iceland did when attacked by financial interests causing a crisis. This whole thing went uncovered by the US media.     by Deena Stryker

An Italian radio program's story about Iceland's on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.

As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:

Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country's banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors. But as investments grew, so did the banks' foreign debt. In 2003 Iceland's debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.

Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain.

Geir Haarde, the Prime Minister of a Social Democratic coalition government, negotiated a two million one hundred thousand dollar loan, to which the Nordic countries added another two and a half million. But the foreign financial community pressured Iceland to impose drastic measures. The FMI and the European Union wanted to take over its debt, claiming this was the only way for the country to pay back Holland and Great Britain, who had promised to reimburse their citizens.

Protests and riots continued, eventually forcing the government to resign. Elections were brought forward to April 2009, resulting in a left-wing coalition which condemned the neoliberal economic system, but immediately gave in to its demands that Iceland pay off a total of three and a half million Euros. This required each Icelandic citizen to pay 100 Euros a month (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis a vis other private parties. It was the straw that broke the reindeer’s back.

What happened next was extraordinary. The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland's leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland's citizens responsible for its bankers' debts, and accepted calls for a referendum.

Of course the international community only increased the pressure on Iceland. Great Britain and Holland threatened dire reprisals that would isolate the country. As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. The British government threatened to freeze Icelander savings and checking accounts. As Grimsson said: "We were told that if we refused the international community's conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North." (How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.)

In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.

But Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money. (The one in use had been written when Iceland gained its independence from Denmark, in 1918, the only difference with the Danish constitution being that the word 'president' replaced the word 'king'.)

To write the new constitution, the people of Iceland elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty citizens. This document was not the work of a handful of politicians, but was written on the internet. The constituent's meetings are streamed on-line, and citizens can send their comments and suggestions, witnessing the document as it takes shape. The constitution that eventually emerges from this participatory democratic process will be submitted to parliament for approval after the next elections.

Some readers will remember that Iceland's ninth century agrarian collapse was featured in Jared Diamond's book by the same name. Today, that country is recovering from its financial collapse in ways just the opposite of those generally considered unavoidable, as confirmed yesterday by the new head of the IMF, Christine Lagarde to Fareed Zakaria. The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat.

They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.

That's why it is not in the news anymore!

One has to ask why the onslaught on people's liberty, race, autonomy, beliefs, livelihoods and cultures never stops and why people are driven to spend so much still calling other,
now tiny nations, their aggressors.
Only raw evil would miseducate the young and Silence Generations of our Wiser Elders.




As Oðinists, we accept our part in the cosmic drama of upward evolutionary spiral and work toward our own transformation away from pettiness of spirit, being tied to hoarding, owning, and other false measures of self-worth. We work toward the preservation of the planet and its diversity. We work toward our own evolution toward the state of konr, as hinted at in Rigsthula, the heightened state of being in which a human claims for herself the abilities that to most are considered now 'paranormal'.

It is the most satisfying work, when practical help to our survival is identical with soul-purpose type work. The further our world drifted from the cosmic center (the SS), the more unnatural everything became and the more fragmented and alienating our livelihoods.

Betrayals within and without are the results pictured to our noble Folk. It should never have been this way and we work to evolve to higher consciousness and the establishment of noble Vidar's Mundr Vegr here and in places where our people once again can thrive with respect and our own cultures kept intact.




The Gambanreiði Statement, printed since 1979

and offered as an on-line journal at

www.GambanreidiStatement.com



Comments are encouraged and welcomed.

Your input and submissions are important to us.

History & Perspective regarding this Gambanreiði Statement




We encourage you to benefit from and copy respectfully from this work. Our Folk traditions are older than you are and, unlike today's media, do not contain distortions to fit current alien beliefs. If they don't fit you, respect our Folk and our Gods enough to leave them alone and find another theology that is your own.

Many family homes and our kinsmen who were burned, shot, frozen, villified and forced to flee for our lives. Millions of our diverse ancient peoples died and it is illegal even in some homelands today to let many of our old people speak to us truthfully of what they know and experienced during these bitter times.

Ownership of the media is a dangerous thing! Stories like the brave iniatives in Iceland are suppressed. Meanwhile all peoples thereafter including our young are continually mass indoctrinated to carefully control how one thinks -- that all hold the same core views and think they have real debate. Most crimes against humanity were covered and the continued indoctrinations continue racial crimes by building prejudice against and within the psyches of most northern white peoples who are seduced to give away gladly their own ethnic and cultural roots, in short choosing aspects of their own demise.


Please remember that we are not universalists and do not believe that the principles contained herein would be of benefit to "all mankind." We trust the ingenuity and resourcefulness of other peoples to come up with their own evolutionary strategies.

Ours assumes self-control, limiting one's consumption of natural resources and production of offspring, not overrunning and exhausting the earth, and other ethics of a distinctly North European flavor. This work should certainly be shared with other North Europeans.

All we ask is this: if you copy this work, have the honor to use it whole, as this is more representative of the greater body of spiritual writings from which it is excerpted and will avoid the taking of parts out of context.