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Quelle surprise!    8 March 2010

Stephen King, writing in today's Independent, reckons that the big surprise in store for the economy will be deflation.

I usually find Mr King to be amongst the more insightful economic commentators in the Independent. Thus I am surprised that the notion of deflation should be a surprise!

We have clearly entered into a massive deflationary spiral wherein trillions of dollars of debt are wiped out (as the toxic contents of the fraudulent banksters asset sheets are gradually exposed).

The problem is that the criminal activities of Bernanke, King et al., who are furiously monetizing debt, mean that the deflationary period will be followed by hyper-inflation.

Ouch! - well at least the Icelanders are showing the way in refusing to feed the junkie money fix of the financial cabal.


Posted by Nicholas Moore    10:34:18 am
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Iceland - showing the way.    8 March 2010

Well, we have some great news this weekend. The people of Iceland have voted (by 93%) in favour of not bailing out their corrupt bankers. Wonderful.

It was really simple - the regular people, farmers, nurses, shopkeepers, retail assistants - could not see why they should personally pay for the banksters fraud. You could hear the hysterical shrieks from the UK Establishment (as usual orchestrated by the BBC) spreading across the media.

How dare they! They are welching on a deal! They owe it to the British (and Dutch) people!

 

Wrong. The banksters are the ones who profited when they stole the money - they are the ones who should pay. And don't be fooled by the idea that they were 'Icelandic' bankers. The global banking cartel is indeed global. Look at Goldman Sachs role in the Greek crisis. As President Grimmson points out in the above clip, this is a democratic process - remember that quaint idea - where people are involved in decisions that affect them?

Of course, what really sticks in their throat is the fact that the UK government might have inadvertently put some bail-out money into the hands of real people, the IceSave investors, rather than shovelling it straight to the banks. It was a mistake - it only happened beacause they thought they could wring it out of the Icelandic tax payers. Let's hope this revolution is contagious. We need some such insurrection against the corrupt financial cartel that have taken over our governments.


Posted by Nicholas Moore    11:53:35 pm
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