Icelanders petition against paying off debts of failed banks

Icelanders, it seems, have shown more backbone than the rest of us by refusing to resign to bailing out the debts and liabilities of irresponsible failed banks without at least some say in the matter.

We can only wonder why the same resistance has not materialised here in the UK or elsewhere.

The reason of course is that the bankers have got us all locked into a system of their creation - you know - the one where the privately owned central banks create money out of thin air and lend it to us at interest and the commercial banks create even more money out of thin air with Fractional Reserve Banking, thereby creating a system where the existing debt is always greater than the actual money supply.

It's designed to crash when too much bad debt builds up so that the 2nd half of the equation - wealth transfer - can take place as the government robs us to bail the mess out so the bankers can buy up all the real assets at fire sale prices, and carry on paying themselves huge bonuses based on this extortion.

You've got to admire the genius:

The bankers say: "We're insolvent due to the Derivatives and Sub-Prime Mortgage crash - you'll have to bail us out"

The government says: "But where can we borrow so much money?"

Bankers: "Don't worry, we'll lend you the money at interest, through our Central Banking System."

Government: "That's really generous of you Mr Rothschild, Mr Rockefeller and Mr's Barclay (et al)!"

Bankers: "Yes, we only have the interests of the public in mind."

Government: "Us too. Don't forget those consultancies you promised us."