I just posted the comment below at the Ice News website, which provides news about Iceland in English, commenting about the coming referendum on the unjust demands of the British and Netherlands governments regarding the responsibility of the people of Iceland to make good on the deposits of British and Netherlands citizens in Icelandic banks.
Begin comment. . .
I say “Three cheers for the brave Icelandic people who refuse to be impoverished by the demands of the crooks and fools running the British and Netherlands governments.” It is at best disingenuous to lay all of this on the nation of Iceland. If the British and Netherlands governments allowed these banks to operate in their territories, then their regulators are at fault for not noticing how thinly the guarantee fund was financed.
In the comment thread above, several statements have been made about the credit-worthiness of the United States government. Anyone who believe this is delusional. Anyone who thinks that US taxpayers will actually be able to pay the many trillions of dollars our own crooks and fools have obligated us for is also delusional (cf all the guarantees we’ve been handing out like candy to the crooks on Wall Street and in the big transnational banks).
Beware of anything you hear the US government saying about its finances. Tax receipts for governments — local, state, national — are plummeting. The feds are fiddling with their statitics just like they did in the old Soviet Union. Unemployment is at least twice what the government is reporting.
So if we ever actually pay our bloated debt and bank/finance system guarantees, it will only be thanks to a hyper-inflation where the price of a cup of coffee at my favorite local cafe has risen from US$1.00 to US$100 or even more. A lot of good your US dollars will do you then. I have thought that maybe they could be shredded and used for insulation, and I suppose they could be composted and used to grow vegetables.
Keep banging those pans, Icelanders. Make a noise loud enough to sound across the world.