27th January 2009
REYKJAVIK, Iceland (AP) — Iceland’s center-left Social Democratic Alliance Party was chosen today to lead the country following the collapse of the island nation’s government amid deep economic troubles and intense political discord.
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Tags: center-left social democratic alliance party, Geir Haarde, iceland, Ingibjorg Gisladottir, International Monetary Fund, Johanna Sigurdardottir, Left-Green movement, Olafur Ragnar Grimsson
Posted in Economic Crisis, Politics/Corrupt | No Comments »
27th January 2009
Global financial meltdown and collapsing banks spark current crisis
Protesters clash with police behind the parliament building in Reykjavik last week.
Tags: banks, Bjorgvin Sigurdsson, central bank, coalition government, collapse, David Oddsson, Economic Crisis, financial meltdown, Geir Haarde, iceland, Ingibjorg Gisladottir, Johanna Sigurdardottir, Olafur Ragnar Grimsson, politics, Reykjavik, Thorgerdur Katrin Gunnarsdottin
Posted in Economic Crisis, NWO, Politics/Corrupt | No Comments »
27th January 2009
FORECAST
As President Barack Obama takes the reigns of power in Washington, the world that awaits him and his administration poses significant challenges.
The Obama administration faces the daunting task of tackling the worst global economic crisis since the Great Depression. By borrowing trillions of dollars against America’s future, the current strategy of averting current disaster is an “all-in” move. If it fails, U.S. power will be severely damaged for at least a couple of generations.
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Tags: barack obama, cold war, dollar, financial crisis, gaza, great depression, hamas, hebollah, iceland, israeli invasion, neocons, NSA, NWO, protests, russell tice, Russia, wwII, Zionism, zionist
Posted in China, Economic Crisis, Energy, Europe, Iran, Iraq, Israel, Middle East, NWO, Pakistan, Palestine, Politics/Corrupt, Russia, Terrorism, Venezuela, War/Draft | No Comments »
24th January 2009
The government of Iceland today became the first to be effectively brought down by the credit crunch.
After several nights of rioting over the financial crisis, Prime Minister Geir Haarde, surrendered to increasing pressure and called a general election for May. Read the rest of this entry »
Tags: credit crunch, depression, financial crisis, geir, Global Economic Meltdown, haarde, iceland, nato, protest, rioting, teargas
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21st January 2009
2009 heralds the start of a “new age of rebellion” according to an editorial in the highly influential London Times newspaper, and the year in which masses of people will take to the streets to riot in response to drastically falling standards of living.
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Tags: anarchy, angry mob, bulgaria, collapse, demosstrator, depression, econmic crisis, Geir Haarde, greece, iceland, latvia, protests, rebellion, Reykjavik, riots, street riots, unemployment
Posted in Economic Crisis, Europe, NWO, Politics/Corrupt | No Comments »
13th December 2008
An economic morality play, in 10 acts
“All financial innovation involves … the creation of debt secured in greater or lesser adequacy by real assets,” wrote the economist John Kenneth Galbraith in 1993. And “all crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.”
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Tags: banks, Economic Crisis, financial meltdown, iceland, John Kenneth Galbraith
Posted in Economic Crisis, Energy, NWO, Politics/Corrupt | No Comments »
5th December 2008
REYKJAVIK, Iceland: Thousands of Icelanders marked the 90th anniversary of their nation’s sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country’s spectacular economic meltdown.
Tiny Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar — leaving a country regarded as a model of Scandinavian prosperity in a state of shock. Read the rest of this entry »
Tags: bankers, collapse, depression, economic meltdown, fed, federal reserve, financial crisis, iceland, icelanders, scandinavia, unemployment
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2nd December 2008
REYKJAVIK, Iceland: Thousands of Icelanders marked the 90th anniversary of their nation’s sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country’s spectacular economic meltdown.
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Tags: anniversary, central bank, David Oddsson, Einar Mar Gudmundsson, eu, Hildur Margretadottir, iceland, Ingolfur Arnarson, International Monetary Fund, krona, Prime Minister Geir H. Haarde, protests, Runar Birgisson, Sedlabanki
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19th October 2008
In this 28th edition of the GEAB, LEAP/E2020 has decided to launch a new global systemic crisis alert. Indeed our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. According to our team, the period that will then begin should be conducive to the setting up of a « new Dollar » to remedy the problem of default and of induced massive capital drain from the US. The process will result from the following five factors studied in detail further in this GEAB:
Tags: bankers, default on debt, depression, dollar, euro, financial collapse, financial crisis, global crisis, great depression, iceland, treasury bonds, u.s. dollar
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