Submitted by Tyler Durden: That Iceland is so far the only success
story in the continent of Europe, which continues sliding into an ever
deeper depressionary black hole, as a result of the complete destruction
of its financial sector and its subsequent rise from the ashes, is by known to most.
What is still not exactly clear is what conditions have allowed success
and growth to flourish in a barren wasteland where 60% youth
unemployment is increasingly the norm, and where economic
"outperformance" is measured in shades of red. As it turns out, perhaps
the biggest jolt to Icelandic economic growth is what we said was the
correct prescription for resolving not only the US but global growth
malaise that struck in 2008: debt liquidation. 24 Jun 2013
The Secret Sauce Of Iceland's Success Story: Debt Liquidation?
Submitted by Tyler Durden: That Iceland is so far the only success
story in the continent of Europe, which continues sliding into an ever
deeper depressionary black hole, as a result of the complete destruction
of its financial sector and its subsequent rise from the ashes, is by known to most.
What is still not exactly clear is what conditions have allowed success
and growth to flourish in a barren wasteland where 60% youth
unemployment is increasingly the norm, and where economic
"outperformance" is measured in shades of red. As it turns out, perhaps
the biggest jolt to Icelandic economic growth is what we said was the
correct prescription for resolving not only the US but global growth
malaise that struck in 2008: debt liquidation. Former US Treasury Official - Fed Orchestrated Gold Plunge
Dr. Paul Craig Roberts: “They (banks with inside information) cleaned up on
this Fed statement. It’s entirely possible that’s what the Federal
Reserve is doing is orchestrating events that make huge profits for the
banks, and that this is the way it recapitalizes them.”
Eric King: “What were your thoughts on the gold and silver smash?”
Dr. Roberts: “Well,
it’s clearly intended to drive down the price because they always pick
the most unlikely time that anybody who wanted to unload a position for
best price would never pick (to sell). They pick a time when unloading a
position like that is guaranteed to drive the price down the most.
Eric King: “What were your thoughts on the gold and silver smash?”
Dr. Roberts: “Well,
it’s clearly intended to drive down the price because they always pick
the most unlikely time that anybody who wanted to unload a position for
best price would never pick (to sell). They pick a time when unloading a
position like that is guaranteed to drive the price down the most.Nuclear war doesn't scare the markets?
THE PAEDOFILE: Sanctimonious Judge in Jeremy Forrest case faces questions about his own past behaviour
The more one delves into the trial of Jeremy Forrest, the odder it gets
The
Judge who so unreservedly condemned teacher Jeremy Forrest’s behaviour
last week has himself been the subject of controversy in the past. Judge
Michael Lawson QC (left) seems, for one thing, to be in favour
of slave labour. Rebecca Edmonds was doing a criminal law pupillage at
his chambers in Essex Street London some years back. The problem was
that, um, there didn’t seem to be any payment forthcoming from the
altruistic scion of perverts. So Becky sued him, perhaps fearing that
the next step might involve living up his chimney, so to speak. Law
Lords Bingham, Pill and Hale ruled that ‘at the end of the long
procedure leading up to pupillage, it would be surprising if there were
no intention for a contract at all…..on balance, pupils do provide
consideration by agreeing to enter into a close, important and
potentially very productive relationship. The object of the National
Minimum Wage Act 1998 was not, as we understand, to enlarge the
categories of those entitled to be paid wages, but to ensure that those entitled to be paid wages are not paid at anything less than a specified minimum level.”
Or put another way, “Pay up you tight-arsed bastard”.
Father’s Day 2013: The extremists for love - Why would a dad deface the Queen of England?
- Another year of children being forcibly separated from their fathers in secret courts.
- Another year of fathers driven to suicide by the loss of their family and their barbaric treatment at the hands of our secret courts and the Child Support Agency.
Obama called "war criminal" & "hypocrite of the century" in Irish Parliament
Obama's War on Whistleblowers & Journalists
AJ: Alex breaks down the latest developments in the NSA surveillance case as
the whistleblower Edward Snowden is officially charged with espionage
for the national security state crime of revealing details on the NSA's
systematic violation of the Constitution and the Bill of Rights as it
surveils millions of Americans. Alex also covers revelations that the
journalist Michael Hastings had stated hours before his death that he
was going into hiding in response to government harassment and Obama's
war on the press.Tell Obama: Hands Off Snowden!
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Now that NSA whistleblower
Edward Snowden is en route to Ecuador for political asylum, there is a real danger the U.S. government will try to grab him under the guise of law enforcement.
Click here to tell President Obama: Hands off Edward Snowden!
This is urgent. Please do two things in the next minute:
** Click here to tell Obama that the U.S. government must not engage in any abduction or other foul play against Snowden.
** ALSO VERY IMPORTANT: Forward this email to people you know.
-- The RootsAction.org team
Click here to tell President Obama: Hands off Edward Snowden!
This is urgent. Please do two things in the next minute:
** Click here to tell Obama that the U.S. government must not engage in any abduction or other foul play against Snowden.
** ALSO VERY IMPORTANT: Forward this email to people you know.
-- The RootsAction.org team