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By Jeff Nielson (Reporter)
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How Iceland Escaped From The One Bank

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What have the governments of the corrupt Western bloc spent most of their time doing since the Crash of ’08? We can answer this question in three parts:

1)  Creating increasingly falsified “statistics” to fabricate the illusion that their economies were not all on the verge of an all-out economic collapse.

2)  Hacking-and-slashing every social program in sight, in order to generate the false-savings known as Austerity.

3)  Creating new funny-money and taking on new debt at an exponentially increasing rate, in order to delay collapse, since all that Austerity accomplished was to accelerate these death-spirals.

Making these points apparent to newer readers will require additional elaboration. The starting point is the Crash of ’08 itself. What caused these nations to go from being merely heavily indebted to hopelessly insolvent, overnight? That can be summed-up in a single euphemism of fraud and crime: “too big to fail”.

At the end of 2008; the West’s puppet governments succumbed to History’s ultimate act of blackmail, at the hands of History’s largest and most-rapacious crime syndicate: the One Bank. “Give us all your money, or we’ll blow up your entire financial system.” That is the real meaning of too-big-to-fail: institutionalized extortion, in perpetuity.

What was the real price-tag for this massive extortion operation? Forget the phony numbers published by our corrupt governments, and their mouthpieces in the Corporate media. The total quantum for these extortion payments was in the $10’s of TRILLIONS. Obviously the Deadbeat Debtors of the West couldn’t raise more than a tiny fraction of that amount of blackmail-money up front. Thus most of this shake-down of (supposedly) sovereign governments came in the form of future tax-breaks and “loss guarantees”.

In the Shake-Down of ’08, our governments did not merely clean out every penny they could scrounge from our public Treasuries, and also borrowed every penny that they could. In addition, they mortgaged the future of our children and grandchildren, by pledging infinite corporate welfare for the One Bank.

Western governments had no money left to spend on their own people after committing $10’s of trillions in extortion payments to this banking crime syndicate, while also having to deal with rapidly rising interest payments (to the same crime syndicate) on all their new debts. So Western governments then pulled out their chain-saws, and attacked our social programs.

Infinite dollars in “interest payments” go to the crime syndicate; no pennies are left for the people. That is Austerity. However, so-called Austerity represents more than simply another act of economic treason against Western populations, it is also the fatal, self-inflicted wound for these economies.

Austerity treason took economies which were already in a slow-motion descent toward collapse, and rapidly sped-up that suicide cycle. The evidence here is overwhelming, but can be summed-up most easily in one word: Greece.

Greece has had far greater and more-punitive amounts of Austerity treason heaped upon its victim population than any other regime in the Corrupt West. It was demanded by the economic sadists known as “the Troika”: the European Union, the European Central Bank, and the International Monetary Fund. The result? This nation was bankrupted twice within a span of five years.

Which nations are closest behind Greece in Europe’s Bankruptcy Derby? Spain and Portugal. These are the #2 and #3 nations, in terms of inflicting the greatest amounts of this suicidal Austerity on their own populations. Austerity kills. More Austerity kills faster.


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