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Tag Archive: Iceland


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Iceland in grips of cold snap

Frost and snow in parts of Iceland today.

Frost and snow in parts of Iceland today. Photo: Rax

Anybody venturing outside in Iceland yesterday evening will have found that predictions of bitterly cold weather were not exaggerated.

Even the most extreme forecast minimum temperature was reached – it was exactly -20°C at the Icelandic Met Office weather station at Sandbúðir in inland South-East Iceland early this morning.

It is currently -9°C in the capital Reykjavik and temperatures will struggle to exceed -4°C at their very warmest today.

 

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London, Britain © Toby Melville
Bankers who are found guilty of market rigging, fraud and irresponsible lending should be imprisoned, a member of the Scottish Parliament has said.

Scottish Government Cabinet Secretary Keith Brown said the UK should follow Iceland’s example of jailing corrupt financiers, rather than merely imposing fines, which is the current punishment for rogue bankers in Britain.

Speaking to the BBC on Thursday, Brown praised the actions of Iceland, which jailed its top banking chiefs for criminal behavior.
Iceland, which suffered a deep recession after the 2008 crash, set up a prosecuting team to investigate 21 alleged reports of illegal banking practice.

This resulted in the chiefs of Iceland’s three biggest banks – Glitnir, Kaupthing and Landsbanki – being convicted.

 

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LiveScience

Iceland’s Hekla Volcano Close to Erupting, Scientist Claims

  

Earth from Space Iceland 1000
This Envisat image shows us a very rare, cloud-free view of Iceland. This image was acquired on July 21, 2010.
Credit: ESA

Hekla volcano, one of Iceland’s most active volcanoes, could be close to erupting, a University of Iceland geoscientist claims.

The most prominent sign of an impending eruption is bulging ground on the northern side of the volcano. This surface swelling indicates magma (molten rock) is rising under the volcano, pushing up the ground as it fills fractures and pipes beneath Hekla. According to GPS monitoring of the expanding surface, there is now more magma underneath Hekla than before the volcano’s last eruption in 2000, University of Iceland geophysicist Páll Einarsson said in a report published in the Icelandic newspaper Morgunblaðið on Monday (March 17). Hekla volcano “could erupt soon,” Einarsson said.

 

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Britain ‘snooped’ on Icelandic officials’ emails to recover cash from broken banks

Published time: November 10, 2013 12:06

AFP Photo / Nicholas Kamm

AFP Photo / Nicholas Kamm

An Icelandic MP says Britain spied on Iceland while wrestling to rescue its citizens’ cash from collapsed Icelandic banks after the financial crisis. Birgitta Jónsdóttir claims she received a tip-off from WikiLeaks founder Julian Assange.

Jónsdóttir, who represents Iceland’s Pirate Party, maintains that the UK’s intelligence agencies systematically intercepted messages sent by Icelandic negotiators when Britain tried to recover savers’ cash held in the country’s banks that went bankrupt.

Jónsdóttir, a prominent WikiLeaks supporter, said that she was tipped off to the spying in 2010 by Assange, Iceland’s Visir newspaper reported.

Having received the tip-off, she warned members of Iceland’s negotiating team not to send emails to each other.

“The UK authorities had very good access to everything that was going on between members of the team. It is the role of intelligence, for example MI5, to spy on other countries, especially if it concerns their national interests. Their duty was to gather information and intelligence about us, and the duty of the Icelandic government was to do everything to protect us against such espionage,” Jónsdóttir told the newspaper.

The revelation could reignite tensions between the UK and Iceland, which were stoked in 2008 when the UK government used anti-terrorism legislation to freeze an Icelandic bank’s assets in the UK. The British Chancellor of the Exchequer at the time, Alastair Darling, seized the funds of Landsbanki’s Internet bank, Icesave, to protect UK depositors’ money after the Icelandic government reacted to Landsbanki’s toxic debts by nationalizing the bank.

Last week, Britain got involved in another major spy scandal when it was reported that the UK has been allegedly using its Berlin embassy to spy on the nearby Bundestag, as well as the office of Chancellor Angela Merkel.

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How long  before it  affects  you too ?????

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Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe

The EarthNow that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again.  In fact, Cyprus-style wealth confiscation is already starting to happen all around the world.  As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy.  Unfortunately, this is just the beginning.  The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.  It is only a matter of time before we see this exact same type of thing happen in the United States as well.  From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.

Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe…

Poland

For years, there have been rumors that someday the U.S. government would raid private pension funds.

Well, in Poland it just happened.

According to Reuters, private pension funds were raided in order to reduce the size of the government debt…

Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned.

The Polish government is doing the best that it can to make this sound like some sort of complicated legal maneuver, but the truth is that what they have done is stolen private assets without giving any compensation in return…

The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.

Announcing the long-awaited overhaul of state-guaranteed pensions, Prime Minister Donald Tusk said private funds within the state-guaranteed system would have their bond holdings transferred to a state pension vehicle, but keep their equity holdings.

He said that what remained in citizens’ pension pots in the private funds will be gradually transferred into the state vehicle over the last 10 years before savers hit retirement age.

Iceland

For years, Iceland has been applauded for how they handled the last financial crisis.  But now it is being proposed that the “blanket guarantee” that currently applies to all bank accounts should be reduced to 100,000 euros.  Will this open the door for “haircuts” to be applied to bank account balances above that amount?…

Following the crisis in October 2008, Iceland’s government declared all deposits in domestic financial institutions were ‘blanket’ guaranteed – an Emergency Act that was reafrmed twice since. However, according to RUV, the finance minister is proposing to restrict this guarantee to only deposits less-than-EUR100,000. While some might see the removal of an ’emergency’ measure as a positive, it is of course sadly reminiscent of the European Union “template” to haircut large depositors. This is coincidental (threatening) timing given the current stagnation of talks between Iceland bank creditors and the government over haircuts and lifting capital controls – which have restricted the outflows of around $8 billion.

Europe

European finance ministers have agreed to a plan that would make “bail-ins” the standard procedure for rescuing “too big to fail” banks in the future.  The following is how CNN described this plan…

European Union finance ministers approved a plan Thursday for dealing with future bank bailouts, forcing bondholders and shareholders to take the hit for bank rescues ahead of taxpayers.

The new framework requires bondholders, shareholders and large depositors with over 100,000 euros to be first to suffer losses when banks fail. Depositors with less than 100,000 euros will be protected. Taxpayer funds would be used only as a last resort.

What this means is that if you have over 100,000 euros in a bank account in Europe, you could lose every single bit of the unprotected amount if your bank collapses.

Italy

As Zero Hedge reported on Tuesday, a “bail-in” is now being organized for the oldest bank in Italy…

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10 Signs The Global Elite Are Losing Control

Eric Blair
Activist Post

Karma is coming for the elite in a big way. As the Powers That Be head toward a devastating defeat in their war plans for Syria, signs are emerging that their rule over humanity is rapidly diminishing.

Over the last decade the global elite have been on a mad dash to consolidate power over the world. It’s always been their plan like some evil villain in a comic book, but after 9/11 the plan went into overdrive and then turbo charged during the financial crisis of 2008.

Yet it’s doomed to fail because humans are meant to be guided by their own free will, not controlled like livestock. The more the elite try to control humanity, the more entropy occurs. Entropy, for those who don’t know, is the lack of order or predictability; a gradual decline into disorder.

Although the elite still enjoy a huge wealth advantage over the masses, they are now resigned to behaving like tyrants to maintain control. This, in turn, exposes their dark side which has been cleverly concealed for ages. Not anymore.

People are waking up in droves, at least as fast as the elite can build their full-spectrum prison matrix.  Let them try.  To paraphrase Victor Hugo, “No army can stop an idea whose time has come.”

Here are ten signs that the elite are losing control over the people:

1. Official lies no longer effective: The lies they tell simply don’t work anymore. There was a time when official lies, especially about war and peace, were believed. Because, after all, how evil would it be to lie about such things? Generally people want to believe they are being told the truth when life and death is at stake. The boy who cried wolf has cried one too many times. Even if they told the truth at this point, very few would believe them.

2. No confidence in politics: US politicians have a paltry approval rating. The trust in government is at all-time lows here and around the world. Mainstream polls show only 10% of the public has confidence in Congress. In other words, 90% don’t believe in them to be competent to govern.

Watch this Town Hall exchange below where a man threatens US Senator John McCain with arrest for treason to his face. This would have never happened just a year or two ago:

John McCain DESTROYED By True American Patriot

ThinkOutsideTheTV ThinkOutsideTheTV

3. No confidence in media: The most recent polls show that 77% of the population no longer trusts corporate TV news. Is it any wonder why the establishment media failed to sell the lies about the alleged Syria chemical event?  With all their monopoly might over the airwaves, they can no longer claim that black is white simply because officialdom says so.

4. Bankers rejected: Hungary recently became the first country to follow Iceland’s lead by shedding international bankers (IMF) and is considering pursuing prosecution of past prime ministers who enslaved the people with debt.

Cutting Loose: Hungary pays off IMF debt, may eye EU exit

RT RT

Published on Aug 18, 2013

Hungary is about to pay off its debt to the International Monetary Fund and then wants the creditor gone. The country was saved by Washington-based group with $25 bln loan five years ago but isn’t renewing the aid in order to avoid closer scrutiny of its policies. Alexey Yaroshevsky looks at how Budapest is cutting loose.

RT LIVE http://rt.com/on-air

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vigilantchannel·

Published on Jul 22, 2012

The man who forced the government of Iceland to resign and kicked out the IMF representatives from his country, Hordur Torfarson, is now teaching meta-modern democracy throughout Europe.The rest of the world would benefit from following the example set by Iceland: Arresting the corrupt bankers who are responsible for the current economic turmoil.

Debtocracy documentary about Greece // ΧΡΕΟΚΡΑΤΙΑ http://www.debtocracy.gr/

Full employment contributes above all to achieving human dignity.”
”It’s nice to be important ,but is more important to be nice.”

The financial crash in Iceland in 6 minutes according to ABC´s 20/20.
http://youtu.be/X35R_3ZN-t8

Iceland economic crisis documentary
http://youtu.be/5R7DczXyIcA
http://www.crisiswatch.net/EconomyCri…

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Olafur Ragnar Grimsson Iceland president ‘Let banks go bankrupt’

AussieNews1 AussieNews1

Published on Jan 25, 2013

Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt.

Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.

“We didn’t follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery.”

Source, credit to Aljazeera- http://www.aljazeera.com/video

FAIR USE NOTICE: This video has been posted to further advance our understanding of environmental, political, human rights, economic, Technological, democratic, scientific, and social justice issues which constitutes a “fair use” of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107 for research and educational purposes.

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Wild Life Extra

Iceland whale meat returned to Iceland

whales/2013/iceland_whale_meatSpotlight Iceland: what is the point of your whaling Mr. Loftsson?

Shipping lines and ports refusing to carry Iceland’s whale meat

July 2013.

For years the International Fund for Animal Welfare (IFAW) has been asking “what’s the point?” of his whaling operation. Besides being cruel, his whaling has never looked profitable. His only possible market, Japan, has never been particularly inviting and now he’s having trouble finding anyone who will carry the products of his cruel trade.

Whaler meat found in Rotterdam Harbour
Mr Loftsson’s most recent troubles began at the beginning of July when whale meat was discovered in a merchant vessel in Rotterdam harbour. It was labelled as “fish”, but the six containers were estimated to contain the meat of between five and six Fin whales. After a huge on-line Avaaz campaign deluged a million emails on the port authorities, they announced that no further whale meat would be allowed into their port as such a trade was in breach of their corporate responsibility policies.

Attention then turned to the exporter, Samskip. Within days they issued a statement saying they would not carry the six containers to Japan and that”, for the sake of avoiding any misunderstanding, Samskip confirms that it does not plan to ship whale meat in the future.”

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Bolivian president offers asylum to NSA leaker Snowden

Nicaragua’s President Daniel Ortega, Venezuela’s President Nicolas Maduro, Bolivian President Evo Morales

The president of Bolivia joined a group of South American countries that have indicated they would offer asylum to fugitive NSA leaker Edward Snowden, who is believed to be hiding inside the transit zone of Moscow’s Sheremetyevo Airport as the United States continues efforts to have him extradited.

Nicolas Maduro of Venezuela and Daniel Ortega of Nicaragua said Friday they would grant safe haven to the former National Security Agency contractor.

Evo Morales of Bolivia made his offer Saturday, three days after a plane carrying the leftist leader over Europe was rerouted amid reports that Snowden was aboard, setting off a diplomatic storm that heightened tensions between the U.S. and the South American nation.

 

Venezuela “decided to offer humanitarian asylum to the young American Edward Snowden” so he can live without “persecution from the empire,” Maduro said, referring to the United States. He extended the invitation to Snowden during a speech Friday commemorating the anniversary of Venezuela’s independence, according to the Associated Press.

 

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York Dispatch

Iceland lawmakers discuss citizenship for Snowden

By JENNA GOTTLIEB Associated Press

 

 

REYKJAVIK, Iceland—Icelandic lawmakers introduced a proposal in Parliament on Thursday to grant immediate citizenship to National Security Agency leaker Edward Snowden, who admits to revealing key details of U.S. surveillance activities.

Ogmundur Jonasson, whose liberal Left-Green Party is backing the proposal along with the Pirate Party and Brighter Future Party, put the issue before the Judicial Affairs Committee, but the idea received minimal support.

Snowden is believed to be stuck in a Moscow airport transit area, seeking asylum from more than a dozen countries. At one point, he told the Guardian newspaper that he was inclined to seek asylum in a country that shared his values—and that “the nation that most encompasses this is Iceland.”

But to apply for asylum in Iceland, Snowden would have to reach the island nation’s soil.

Granting Snowden immediate citizenship would circumvent that issue. The same tactic helped get eccentric chess master Bobby Fischer to Iceland from Japan in 2005 to escape U.S. prosecution for breaking sanctions imposed on the former Yugoslavia.

 

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ToledoNewsNow.com

 

Iceland businessman says plane ready for Snowden

Posted: Jun 21, 2013 8:43 AM CST Updated: Jun 21, 2013 10:43 AM CST

 

(AP Photo/Kin Cheung). A banner supporting Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, is displayed at Central, Hong Kong's business district, Friday, June 21, 2013. (AP Photo/Kin Cheung). A banner supporting Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, is displayed at Central, Hong Kong’s business district, Friday, June 21, 2013.

 

(AP Photo/Kin Cheung). A TV screen shows the news of Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, at a shopping mall in Hong Kong Friday, June 21, 2013. (AP Photo/Kin Cheung). A TV screen shows the news of Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, at a shopping mall in Hong Kong Friday, June 21, 2013.

By JENNA GOTTLIEB
Associated Press

REYKJAVIK, Iceland (AP) – An Icelandic business executive said Friday that a private plane is on standby to transport National Security Agency secrets leaker Edward Snowden from Hong Kong to Iceland.

Olafur Vignir Sigurvinsson said he has not spoken directly with Snowden but has been in touch with a third party representing him.

The businessman, who has connections to the WikiLeaks secret-spilling organization, said he has access to planes in Hong Kong and mainland China that Snowden could use.

But Iceland’s government says it has not received an asylum request from Snowden, who has revealed his role in providing secret NSA documents about widespread surveillance programs.

Iceland Interior Ministry spokesman Johannes Tomasson said Snowden hasn’t approached the ministry and could initiate an asylum request if he was already in Iceland.

When asked about the reports of Sigurvinsson chartering a private plane to fly Snowden to Iceland, Tomasson said: “We don’t object to that. But we don’t have any knowledge other than what has been in the news. We can’t comment any further on that.”

U.S. officials have expressed an interest in prosecuting Snowden for his admitted role in the publication of the documents. Snowden fled to Hong Kong and is hiding.

Sigurvinsson said that Snowden’s potential private flight is being funded by private donations.

 

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RussiaToday RussiaToday

Published on Jun 23, 2013

US whistleblower Edward Snowden is en route to Moscow from Hong Kong on an Aeroflot flight, authorities have confirmed. Washington has filed an extradition order to Hong Kong on charges of espionage, theft and conversion of government property – READ MORE http://on.rt.com/jqm8cb

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On the run again: Snowden leaves Hong Kong for Moscow, Ecuador

Edward Snowden, the former contractor for the National Security Agency who has been charged with espionage, left Hong Kong, where he has been hiding out. The Hong Kong government said the U.S. extradition request did not comply with the law, which gave Snowden an opportunity to leave. NBC’s Ian Williams reports.

Edward Snowden, a former contractor for the National Security Agency who has been charged with espionage, was allowed to leave Hong Kong on Sunday because the U.S. extradition request did not comply with the law, the Hong Kong government said. He was on his way to Ecuador via Moscow, according to WikiLeaks.

The U.S. was reaching out to “countries in the Western Hemisphere” that Snowden might pass through or end up in to advise them that he is wanted on felony charges and should not be allowed to travel further, a State Department official said.

Snowden’s latest move was confirmed by the government of Hong Kong in a statement early Sunday.

“Mr Edward Snowden left Hong Kong today (June 23) on his own accord for a third country through a lawful and normal channel,” it said.

It did not identify Snowden’s final destination, but the South China Morning Post newspaper reported he left on a flight for Moscow.

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Game Set Match: ‘US loses as Snowden slips from their hands’

RussiaToday RussiaToday

Published on Jun 23, 2013

US whistleblower Edward Snowden is en route to Moscow from Hong Kong on an Aeroflot flight, Hong Kong authorities have confirmed. The US filed an extradition order for Snowden alleging espionage, theft and conversion of government property. Asia times correspondent and international affairs analyst Pepe Escobar believes we’ll witness an unprecedented persecution of whistleblowers by the U.S. from time to time – READ MORE http://on.rt.com/jqm8cb

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