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Offline Croix de Fer

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    Can you imagine participating in a protest outside the White House and forcing the entire U.S. government to resign? Can you imagine a group of randomly chosen private citizens rewriting the U.S. constitution to include measures banning corporate fraud? It seems incomprehensible in the U.S., but Icelanders did just that.  Icelanders forced their entire government to resign after a banking fraud scandal, overthrowing the ruling party and creating a citizen’s group tasked with writing a new constitution that offered a solution to prevent corporate greed from destroying the country. The constitution of Iceland was scrapped and is being rewritten by private citizens; using a crowd-sourcing technique via social media channels such as Facebook and Twitter. These events have been going on since 2008, yet there’s been no word from the U.S. mainstream media about any of them. In fact, all of the events that unfolded were recorded by international journalists, overseas news bureaus, citizen journalists and bloggers. This has created current accusations of an intentional cover up of the story by mainstream U.S. news sources.

    An “iReport” on CNN, written by a private citizen in May 2012, has questioned the reasons why this revolution has not been widely covered in the U.S., suggesting that perhaps the mainstream media is controlled by large corporate interests and thus has been unwilling to report on Iceland’s activities. That report is currently making its way around social media. CNN today placed a statement on its website saying: “We’ve noticed this iReport is being shared widely on Facebook and Twitter. Please note that this article was posted in May 2012. CNN has not yet verified the claims and we’re working to track down the original writer.” It is interesting to note that CNN’s European version, CNN Europe, already covered the story of the protests and the government’s resignation, leading many to question why CNN would now need to “look into” the claims.

    Besides CNN Europe’s own coverage of the scandal, the events in Iceland were widely covered by international media and are easily verified by a simple search on Google which leads to a variety of reputable international news sources that ran numerous stories on the Icelandic revolution. A whole documentary has been made on the governmental overthrow called Pots, Pans and Other Solutions, and now, the conversation is focused on whether or not the citizens’ actions actually worked to make Iceland a more equitable nation.

    To understand the enormity of what happened in Iceland, it’s best to draw parallels between the initial banking fraud that caused Iceland’s economy to collapse and the banking fraud in the U.S. that caused the mortgage crisis six years ago. In Iceland, unscrupulous bankers had inflated the value of Iceland’s banks internationally which in turn caused the “bubble” to eventually burst in 2008 and saw most of Iceland’s banks going bankrupt.

    A similar situation happened in the U.S. just one year before the collapse in Iceland, with the mortgage crisis of 2007. Mortgage lenders in the U.S. knowingly lent money to prospective homeowners who could not afford to purchase a home. This, in turn, led to falsely inflated home values and a vicious cycle of too much lending. Just as in Iceland, the bubble burst and many U.S. banks were about to declare bankruptcy. In Iceland, the citizens took to the streets by the thousands, banging pots and pans in what is known as the “pots and pans revolution,” leading to the arrest and prosecution of many unscrupulous bankers responsible for the economic collapse. Icelandic citizens also refused to pay for the sins of the bankers and rejected any measures of taxation to bail them out. In the U.S., the government bailed out the banks and arrested no one.

    The pots and pans revolution in Iceland was not covered by mainstream U.S. media. In fact, any information about this revolution is found only on international newspapers, blogs and online documentaries, not on mainstream front-page articles as would be expected from news organizations covering a story of this magnitude. The New York Times published a small handful of piecemeal stories, blogs and opinion pieces, but mostly glossed over the main narrative by saying the 2008 financial collapse in Iceland caused “mayhem far beyond the country’s borders” rather than pointing out that Icelanders took to the streets with pots and pans and forced their entire government to resign.

    As the saying goes, “there are two sides to every story,” but a more accurate articulation of this phrase would be “in any story, there are multiple sides, viewpoints, opinions and perspectives.” The story in Iceland is no exception. Socialist and Marxist blogs here in the U.S. say that there’s been a massive U.S. news conspiracy and cover up about the revolution in Iceland because the U.S. media is controlled by corporations, including banks, and the “powers that be” don’t want U.S. citizens getting any ideas to stage a revolution of their own. Some conservative Icelandic bloggers claim that while there was, indeed, a revolution, it did not lead to a successful or widely accepted new constitution. They say the situation in Iceland is worse than ever, and that international news reports of an effective democratic uprising leading to a better government are simply myths. Social media commenters are scratching their heads over why they were robbed of the story of Iceland’s pots and pans revolution.

    As with most narratives, the truth may lie somewhere in the middle of all of these varying perspectives. One thing is clear, though: it’s nearly impossible to find one mainstream U.S. news report of the pots and pans revolution in Iceland, the resignation of Iceland’s entire government, and the jailing of the bankers responsible for the economic collapse there. Whether or not the revolution led to a more fair government or a workable and effective constitution is irrelevant to the fact that the U.S. media has essentially skipped over this story for the past five years.

    Is it possible that mainstream media sources purposely covered up the Iceland story to appease their corporate sponsors? It doesn’t seem likely, and yet, what explanation could be given as to why this news never made it to the front pages of our most trusted media organizations here in the U.S.?

    As Iceland struggles to regain its footing with a new government, U.S. citizens may or may not be able to look to Iceland as an example of perfect democracy in action. The real question, though, is why weren’t U.S. citizens given the information about the ousting of the Icelandic government and the jailing of the unscrupulous bankers? Are journalists in control of the mainstream media or is there some truth to accusations that big business may, in fact, be strong-arming reporters to keep quiet about world events that could inspire similar actions here in the U.S.?



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    Blessed be the Lord my God, who teacheth my hands to fight, and my fingers to war. ~ Psalms 143:1 (Douay-Rheims)

    Offline Croagh Patrick

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #1 on: December 06, 2013, 03:36:44 AM »
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  • Have you a link to this please?


    Offline ggreg

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    « Reply #2 on: December 06, 2013, 04:07:12 AM »
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  • There are only 300,000 people in Iceland.  It is more like a small town than a country.

    Their "solution" would not necessarily be applicable to our much much larger economies.

    One problem we could tackle though is corporate fraud.  When corporations break the law and act fraudulently they should be punished not merely fined.

    At the moment the deal is that they make $1billion using deceptive business practices or outright fraud and then pay $200m in fines.  Clearly there is little incentive for them to stop.  They just view it as a tax on profits, which is what it is.

    Directors of large corporations need to face hard time.  Corporations who cheat should be broken up and sold off to the companies who deal honestly.

    Offline Capt McQuigg

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #3 on: December 06, 2013, 09:38:54 AM »
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  • Ggreg is right.

    A big country like the U.S. and, God forbid, a dark future with a one world or half-world government would just hire some thugs to beat the tar out of people who were tired of being merely cogs in a wheel.  This is why I think smaller is better, particularly for nations.  

    Offline Croix de Fer

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #4 on: December 06, 2013, 05:48:26 PM »
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  • And, as Bishop Williamson would probably tell us, any movement or revolution that is not centered around Truth, whom is Christ, through the one true Catholic Faith, is doomed to corruption and failure, thus, spawning more revolutions, as a reaction, that are man-centered and forbidding to our Lord.
    Blessed be the Lord my God, who teacheth my hands to fight, and my fingers to war. ~ Psalms 143:1 (Douay-Rheims)


    Online Matto

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #5 on: December 06, 2013, 05:52:02 PM »
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  • Quote from: ggreg
    Directors of large corporations need to face hard time.  Corporations who cheat should be broken up and sold off to the companies who deal honestly.

    Good luck with that.  :jester:
    I Love Watching Butterflies . . ..

    Offline ggreg

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #6 on: December 06, 2013, 06:29:19 PM »
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  • Agreed, but we might get some of the way down that road.

    Offline Neil Obstat

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #7 on: December 06, 2013, 06:52:04 PM »
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  • Quote from: ggreg
    There are only 300,000 people in Iceland.  It is more like a small town than a country.

    Their "solution" would not necessarily be applicable to our much much larger economies.

    One problem we could tackle though is corporate fraud.  When corporations break the law and act fraudulently they should be punished not merely fined.

    At the moment the deal is that they make $1billion using deceptive business practices or outright fraud and then pay $200m in fines.  Clearly there is little incentive for them to stop.  They just view it as a tax on profits, which is what it is.

    Directors of large corporations need to face hard time.  Corporations who cheat should be broken up and sold off to the companies who deal honestly.



    It sounds good in theory, but who defines which companies deal "honestly?"  

    The big money will define their friends as the ones who "deal honestly," and then you're right back to square one.  


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    Offline Incredulous

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #8 on: December 06, 2013, 07:02:33 PM »
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  • This type of mass resistance overthrow is what the jews fear most.

    Read St. Anne Katherine Emmerich's visions on the Passion of Our Lord.

    She details conversations of the Pharisees and the threat of a riot or an insurrection was the main concern of Caiaphas.



    "Some preachers will keep silence about the truth, and others will trample it underfoot and deny it. Sanctity of life will be held in derision even by those who outwardly profess it, for in those days Our Lord Jesus Christ will send them not a true Pastor but a destroyer."  St. Francis of Assisi

    Offline Neil Obstat

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #9 on: December 06, 2013, 07:22:42 PM »
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  • Quote from: Croagh Patrick
    Have you a link to this please?


    At the bottom of the Opening Post, find the link given thusly
    (I made it blue, though):  

    source




    I have a precedent for this scenario.  I saw it happen.  

    There was a murder in 1998, when a Catholic priest was brutally killed in cold blood.

    It happened in Dane, Wisconsin, on the evening of March 3rd, or the morning of March 4th.  They still have not decided on which date is the one of record.  

    I heard about this right away, through friends, and I was scandalized that it was not front page news.  A Catholic priest was brutally murdered, and no major news agency was willing to cover the story.  No newspapers in America ran it.  No CNN or Fox News or ABC.  Nothing.  

    The news blackout was so thick, people at local parishes (I visited several) disregarded my printed material, saying that it couldn't have happened because it was not in the news!  Something like that would have surely been front page news!

    What about the so-called Catholic Press?  Even there, complete silence.  Circle Media was silent.  The Tidings in Los Angeles was mute.  So I got busy.  I did several things, in my own, small way.  

    First, I called those 'Catholic' newspapers and spoke to the editors.  My jaw dropped.  They told me they were aware of the story, but they chose not to run it.  I asked them all:  "How could you NOT run such a story, when you know it happened?  Isn't that what newspapers are for?"  Their answer was telling.  They actually told me this, and it wasn't just from one of them, they all said it.  They said they didn't think it would be good for the readers to hear about it.  It was too upsetting.  They didn't want their readership to be upset.  And besides, NOT running the story was not a choice they made out of what's right or wrong, but rather, it was a matter OF INTELLIGENCE.  Tod Tamberg at The Tidings told me that, word for word.

    In other words, they thought that they would be stupid to run it.  They didn't even run an obituary -- for a Catholic priest who had died!!

    So just maybe, by the same reasoning, American news outlets did not run the story of the Iceland revolution because they thought they would be stupid to run it.  Shudder at the thought of losing credibility.  They don't want to be called "crackpot!"


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    Offline Neil Obstat

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #10 on: December 07, 2013, 12:11:30 AM »
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  • .


    Woops..... sorry.
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    Offline ggreg

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #11 on: December 07, 2013, 01:15:10 AM »
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  • Quote from: Neil Obstat
    Quote from: ggreg
    There are only 300,000 people in Iceland.  It is more like a small town than a country.

    Their "solution" would not necessarily be applicable to our much much larger economies.

    One problem we could tackle though is corporate fraud.  When corporations break the law and act fraudulently they should be punished not merely fined.

    At the moment the deal is that they make $1billion using deceptive business practices or outright fraud and then pay $200m in fines.  Clearly there is little incentive for them to stop.  They just view it as a tax on profits, which is what it is.

    Directors of large corporations need to face hard time.  Corporations who cheat should be broken up and sold off to the companies who deal honestly.



    It sounds good in theory, but who defines which companies deal "honestly?"  

    The big money will define their friends as the ones who "deal honestly," and then you're right back to square one.  


    .


    Well some corp have been caught and prosecuted.  Trouble is that a billion dollar fine is just fine if you made 5 to 10 billion from the fraud.  The law could state, for example, that for every million dollars you are fined a director has to do a year in jail.

    Clearly if you are paying a million dollars in fines then someone deserves a bit of jail and they can afford it too since it costs less than 1 million to keep them inside.


    Offline Neil Obstat

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    Icelanders Overthrow Govt After Banking Fraud - US Media Blackout
    « Reply #12 on: December 07, 2013, 02:01:39 AM »
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  • .

    Hmmm.. it would have to be a "sliding scale."  

    If it were 1 year per million in fraud, then a 100 million fraud would be 100 years in jail, and 200 million would be 200 years.  

    Nor could it be one of simple direct proportion, because there might be a 500 million fraud or a billion or 10 billion -- that would be 10,000 years in jail.  

    Ouch!

    Can't you just hear the Liberals? "Cruel and unusual punishment!!!"
    (Unless the inmate was a Republican, of course!)


    So the formula would be one of the second or third degree.

    And what of other circumstances, like families victimized or jobs lost or city revenues affected, or damage to the economy or other businesses?

    We could have a whole new topic for mathematicians!  

    But in the end, someone has to decide who the upright corporations are, and there would be a lot of money interest behind positioning for those rep points.

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