Posts Tagged ‘Iceland Banks’

Iceland Thumbs Nose At International Opposition To Advance $1.2 Billion Debt Relief Plan

More sane moves in a land where most people believe in elves. I keep telling people: believing in funny money ponzi schemes and the monopoly money institutions (whose leaders should rightly be jailed or at least straight-jacketed), while not believing in faeries, elves or Nature Spirits seems increasingly bizarre to me. Iceland continues to kick bankster butt, and the nation also honors privacy and land use far better than the “rational” cultures do. Perhaps they’ve learned to appreciate “Respect, Not Control.” In respecting Nature and the Unseens, perhaps Icelanders have also learned to respect themselves.

(Thanks for the link, G!)

Iceland Thumbs Nose At International Opposition To Advance $1.2 Billion Debt Relief Plan

 A general view of houses in the town of Vik in southern Iceland.(Reuters/ Ingolfur Juliusson)


A general view of houses in the town of Vik in southern Iceland.(Reuters/ Ingolfur Juliusson)

RT December 1 2013

Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions.

The measure was introduced by the country’s prime minister, Sigmundur David Gunnlaugsson, the leader of the Progressive Party which won the late-April elections on a promise of household debt relief.

According to the government’s website the household debt will be reduced by 13 percent on average.

Citizens of Iceland have been suffering from debt since the 2008 financial crisis, which led to high borrowing costs after the collapse of the krona against other currencies.

“Currently, household debt is equivalent to 108 percent of GDP, which is high by international comparison,” highlighted a government statement, according to AFP. “The action will boost household disposable income and encourage savings.”

The government said that the debt relief will begin by mid-2014 and according to estimates the measure is set to cost $1.2 billion in total. It will be spread out over four years.

The financing plan for the program has not yet been laid out. However, Gunnlaugsson has promised that public finances will not be put at risk. It was initially proposed that the foreign creditors of Icelandic banks would pay for the measure.

International organizations have confronted the idea with criticism. The International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) have advised against it, citing economic concerns.

Iceland has “little fiscal space for additional household debt relief” according to the IMF, while the OECD stated that Iceland should limit its mortgage relief to low-income households.

In the meantime, ratings service, Standard & Poor’s, cut back on its outlook for Iceland’s long-term credit rating to negative from stable, stating that the economic measure could affect the confidence of foreign investors if it ends up being paid for by the existing creditors of Icelandic banks.

[Hear about even more sanity from Iceland here.]

Ghost Hunting Theories~ Icelandic Elves: Is There Reason to Believe?

I always lose a few subscribers when I post about the Faery Realm, but before anyone considers Icelanders (or me) crazy for believing in elves, consider this:

Instead of bailing out the very banksters who orchestrated the 2008 housing crisis, Icelanders dismantled their corrupt government and arrested the Rothschild bankers. They refused to pay debt from banksters’ reckless risk taking. In the US, by contrast, we bailed out the gangster-banksters, allowed them to Pass Go and collect huge multi-million dollar bonuses, and then … when we learned they were rigging rates and laundering drug money, our “sane” culture decided that banks were “too big to fail and too big to jail.”

In contrast to the exponentially increasing assault on the US Constitution and Bill of Rights, and the decreasing freedom of the press in the US, look what Icelanders did:

“Interpol, meanwhile, had issued an international arrest warrant against Sigurdur Einarsson, former president of one of the banks. This situation led scared bankers and executives to leave the country en masse.

“In this context of crisis, an assembly was elected to draft a new constitution that would reflect the lessons learned and replace the current one, inspired by the Danish constitution.

“To do this, instead of calling experts and politicians, Iceland decided to appeal directly to the people, after all they have sovereign power over the law. More than 500 Icelanders presented themselves as candidates to participate in this exercise in direct democracy and write a new constitution. 25 of them, without party affiliations, including lawyers, students, journalists, farmers and trade union representatives were elected.

“Among other developments, this constitution will call for the protection, like no other, of freedom of information and expression in the so-called Icelandic Modern Media Initiative, in a bill that aims to make the country a safe haven for investigative journalism and freedom of information, where sources, journalists and Internet providers that host news reporting are protected.

“The people, for once, will decide the future of the country while bankers and politicians witness the transformation of a nation from the sidelines.” (source)

Soooo, when you ponder elves and the Faery Realm and feel tempted to consider believers a little kooky or crazy, consider what passes for “normal” and “sane” in this world. Personally, I’ll continue to work with the Faery Realm. I’ll choose a reverence for Nature over drones any day. The Faery Rule, “Respect, not Control” works for me, and imho, lands with higher belief in Nature Spirits and the Faery Realm produce saner policies and superior results! And now for today’s article:

Ghost Hunting Theories~ Icelandic Elves: Is There Reason to Believe?
By Sharon Day

elves_by_gargooh

The belief in elves in Iceland isn’t talked about amongst the people, but if privately polled, a great deal of them believe. The elves are supposedly associated with the Celtic origins of the people and adapted to their rocky surroundings. In fact, people believed the elves lived in rocky caves and rock outcroppings and in gardens that contain a lot of stones. It is for this reason that they’re hesitant to plow down earth and rock for roadways and new construction. A roadway had even been averted to avoid bothering the homeland of elves. Apparently, efforts to break a large rock for a roadway was met with equipment breaking down constantly. They finally gave up and left it.

The country even has mystics and elf communicators when the locals need permission or access to new areas. Such a concept seems quite strange, but remember that in America we have people who burn sage, bless homes, and regularly communicate with the dead through psychics. We also have those who believe they communicate regularly with aliens and ghosts. There are whole industries based on this, i.e. “Ghost Hunters” and “Miss Cleo.” One such Icelandic psychic said, “I think elves want people to preserve nature.” That’s the kind of message I want to hear.

When you look at the creation of folklore such as elves, you have to look at it within the context of the surroundings. For instance, the Christian Church uses tote-ism (eating flesh/drinking blood) which was a pagan practice. When a new religion was begun, it took elements from what had been and adapted it. Should people from Celtic lands have elves, they can enter Icelandic mythology but be adapted to the surroundings. This is a country that is extremely beautiful and bleak and yet dynamic. There is seismic activity, hot springs, geysers, and volcanoes, in a mix that can only be called “potent” for phenomenon.

Wikipedia describes the geology of Iceland as,“unique and of particular interest to geologists. Iceland lies on the geologic rift between the Eurasian plate and the North American plate. It also lies above a hotspot, the Iceland plume, which is believed to have caused the formation of Iceland itself. The result is an island of volcanism and geothermal phenomena such as geysers. Because of the special geological situation in Iceland, the high concentration of volcanoes and geothermal energy are very often used for heating and production of electricity.”

Imagine that power? Imagine those dynamics of being where two tectonic plates meet? Imagine the volcanic and seismic activity? I like to look for things within their context. Repeatedly, the Icelanders associate elves with rocks. The very rocks from a volcanic, dynamic environment are attributed with magical beings.

What do you think? Is it entirely possible that living in a place with so much Earth activity, electrical interruptions, equipment breakdown, and other strange phenomenon could be associated with the geology of the area? Then, with these things occurring and the people taking note of an extensively rocky environment, blame it on something hiding in the rocks.

Yes, something hiding in the rocks…

I’ve talked about the geology of haunted sites and whether the Earth itself creates phenomenon such as spooklights and strange occurrences like seen in the Romanian forest on the season opener of “Destination Truth” where the man appeared to be thrown. The case of Iceland and its elves seems to be a natural and expected folklore. In fact, where you hear ghost stories and you hear strange phenomenon and elemental creatures spoken of, you might be encountering a combination that’s got some truth to it.

It could certainly be that the sense of “something being in the rocks” is a very astute reaction by people who grew up in this dynamic terrain and have felt this presence and witnessed strange “Earth nightmares,” and have created a folklore to explain it. In the context of where they live, the elves in the rocks story is a perfectly logical explanation in order to continue to live in such dynamics and unpredictability.

Hey, in America, we say there are giants in our woods, why can’t Iceland have remarkable little beings hiding amongst the rock outcroppings.

link to original elves article