Posts Tagged ‘bank’

The Story We Aren’t Hearing – Icelanders’ Debt Forgiven

Friday, May 11th, 2012

When it comes to the Euro zone economic crisis, the mainstream media is quick to highlight the ongoing protests, especially those in Greece, Spain and Italy where riots and clashes with police make for great headlines. And the only solutions they mention bounced between austerity for the people and bailouts for domestic banks by even bigger international banks.

But there is another alternative, one which the media seems to consistently overlook: bailout the people instead of the banks.

This is what Iceland has done, and the results are stupendous. After a short period of recession, Iceland now boasts economic growth close to 3 percent, where as the rest of the Euro zone is limping forward with under 1 percent gains.

Iceland’s solution to the economic crisis is being hailed as one of the world’s best recovery stories. Yet this victory is mostly ignored, many believe, because those who run the media simply don’t want us to know about it.

They’d rather we think our only options are to take on the debt burdens created by the big banks’ poor choices. They’d rather we just enslave ourselves for generations to global loan sharks like the IMF. They don’t want us to be empowered and free from the shackles of a tyrannical economic system.

But that’s just too bad. The world’s people are awakening. We are rising up. Together we will be redistributing wealth and power by preventing big money’s long-standing predatory practices. We are co-creating a far more just global civilization.

Iceland: Beating the Drums of Freedom Once Again

Tuesday, December 6th, 2011

The plucky little island in the North Atlantic ocean – Iceland – is once again showing the rest of the world how an engaged and empowered population should behave.

You might recall how, earlier this year, Icelanders stuck it to the mega-banks and drafted a new people-first constitution. Or how, as of last week, they became the first European nation to acknowledge the State of Palestine.

So what are these champions of freedom up to now? Well, they’ve arrested the ex-CEO of one of their failed banks, along with a top trader and broker.

Finally, some heads might figuratively roll for the over $80 Billion debt left behind from the collapse of Iceland’s three biggest commercial banks. What a refreshing change of pace from what we see in America, where banks directly hire police to suppress the well-earned scorn of the public.

Take note, people of the world. When we work together, we can take on these giant institutions. Be the change we need, and get involved in the movement towards a brighter future.

Banks Losing Billions in Customer Accounts

Saturday, November 5th, 2011

Tired of being gouged by those ridiculous transaction fees? Sick of seeing the big banks getting bailed out while you get sold out? Feel it’s time to shake up the establishment a bit?

Well, if you answered yes to these questions, then you should do what tens of thousands of others have already done and move all of your savings out of your bank and into a local credit union.

In fact, considering how today (November 5th)  is Bank Transfer Day, there’s no better time than right now to be the change our world needs.

Over 4.5 Billion dollars has already been moved into credit unions since September, which is nothing to scoff at. But, with the movement against big banks in its infancy, the real abandonment of Corporate Financial is still to come.

Once again, we see the real power of social media and the Internet. Here is one person with one idea who found a medium to share it with others. The idea resonated so well that it sparked a movement with billion dollar implications.

This adds further support to my belief that we are on the brink of a drastically improved planet. Now that we have proven means to coordinate the undercurrents of discontent into practical and positive real-world results, it’s only a matter of time.

Just imagine, in a few years when engaged and empowered minds answer the call to action, not in the hundreds of thousands, but in hundreds of millions – the world’s system will have no choice but to bend to the will of the people.

And what we want is a more just, more equal civilization where the powerful cannot freely exploit the powerless and people take priority over profits.

Shock Doctrine Hits Egypt

Tuesday, June 7th, 2011

In The Shock Doctrine, journalist Naomi Klein highlights the ways big institutions exploit disaster stricken people and countries when they’re the most vulnerable, shackling entire populations to crippling debts.

Well, this just happened in Egypt. The IMF has given Egypt’s transitional government a $3 Billion dollar loan to help ‘revitalize the economy’.

Unfortunately, this money has just fallen into the corrupt hands leftover from the old regime, meaning the majority of the money will just be embezzled before stimulating the economy or doing the Egyptian people any good.

But that won’t stop the IMF from holding regular Egyptians accountable for the debt. Whatever new regime arises in the coming months, they will be on the hook for this $3 Billion taken on by a few corrupt officials in Cairo.

This is too bad. Now Egypt’s soon-to-arise fledgling democracy, and all the people of Egypt, will be forced to make concessions to a global loan-shark. It’s like they’ve moved from one dictator to another, only the new king is a bank instead of a body.

Unwilling to go out on a down note, let me just say these global dictators, like the mega-banks and the giant corporations, are precisely the forces to be toppled when humanity rises up together on a planetary scale.