BS: IMF

Subject: BS: IMF
From: skarpi
Date: 21 May 09 - 10:55 AM

Hallo all ,

Right , so here we are in Iceland havin the IMF over our head
a foundations that we thought were here to help us and guide us
out of crisis , like this we have here .

Now there are two kind of crisis in Iceland , the first one is world
wide crisis and the second one is " the bankrupt of our inner banksystem "

Now at the moment the index from the our National bank is 13%
witch to much high , becouse no firm or a home can live with those index for a long time . The IMF is against that the Index will go more down ,
but what we have to do to get things runnin here again is get the index down to 4 % then the firm starts to get people to work again , the people can pay tax, of their houses, cars and food and then money starts to flow around the system , but the IMF are using us as a
GINNYPICS and its sad realy . IMF put Argentina on its head
many yers back , and there is no way I can trust these foundations ,
and why should I ???


Now those people who are responseble for the bankrupt here , they
more than less all live in UK ( London ) area , those 30 people
are responseble for the ICESAVE and many more things .

No one has asked the Interpol or FBI to take them in , no one has frozen their money or houses , our coverment dont do anything other
than say , you shall pay everthing , its gonna take me this life and three next to pay all up :>) I am not proud of what those men did , shame on them . And they are told to stay away Iceland in the future
people are angry so who knows ....... what will happen to them ....

This Saturday there will be a new protesting , yes here we go again
it was in last October protesting with fights and fires , and why are we protesting again ?? becouse our new coverment wont listen to us ,
instead tryin to get things runnin again they are talkin about things like joinin EU ?? and for what , the EU is not gonna help us ?
we wont get euro for next 30 years they say , .

well these are just thoughts from a folkie .
I am an Icelander and I proud of it , and there is no way I give our
rights to Brussel , so I will vote against EU .

We fought for our indepence for 1000 years , and now people are givin up part of it .

well I hope the crisis are gettin better where ever you live and you are gettin a better live .

All the best Skarpi Iceland .

Subject: RE: BS: IMF
From: Ebbie
Date: 21 May 09 - 11:18 AM

Oh, Skarpi, I was hoping things were getting somewhat better for you and your beloved country.

{{{{hug}}}}

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 11:23 AM

Nobb , its gettin worse every week that goes by .
And no wonder , Iceland is Bankrupt , they just wont tell the
world about it .

all the best Skarpi Iceland .

Subject: RE: BS: IMF
From: SINSULL
Date: 21 May 09 - 11:33 AM

The outlook for 2010 is grim:
http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=956957

Things are nowhere near as bad here, skarpi, but most of us are learning to do without. Plastic money is tight and if you don't have cash, you don't buy. Take care of you and yours. Better times are coming.

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 12:11 PM

The Social Democratic Alliance and the Left-Green Party in coalition created Iceland's first left wing majority government in its history - nevertheless 1% still own 20% of all wealth in Iceland

Regarding Iceland's membership in the European Union, ultimately, the parties agreed to submit a parliamentary resolution on EU membership this spring.
The nation will then vote on EU membership with one referendum so Icelanders will have the right to exercise their democratic vote on this issue

In addition this first liberal parliament will try -- over the next 100 days -- to come up with a new budget, negotiate a settlement with Great Britain regarding English savings accounts with Icelandic banks, overhaul Iceland's Central Bank, create a new labour policy, and reevaluate the Iceland's controversial fishing quota system.

From the Huffington Post -
"Economist Jon Danielsson of the London School of Economics has speculated that the cause of Iceland's total collapse was the recklessness of the so-called New Viking raiders and the complete lack of meaningful governmental regulation.

Perhaps the new government has decided that prudence is the proper remedy to such brashness."

Some, like Economist Professor Hudson, however recommend that Iceland reneague and NOT repay its banks' obligations, but instead use all available revenue to rebuild the nation's wealth.


Iceland's central bank slashed its key interest rate by 2.5 percentage points to 13 percent earlier this month -- its third cut within two months -- and it forecast a further 'significant' cut in June as the crisis-hit island nation's economy stabilised

However the IMF, which has led a multi-billion dollar rescue package for the country, also emphasised the need to take a slow approach to any easing of capital controls.

Their permanent representative in Iceland, Franek Rozwadowski, said

'If interest rates are reduced too much or too fast, it could put unfavourable pressure on the Icelandic crown, leading to its further devaluation,'

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 12:27 PM

Their permanent representative in Iceland, Franek Rozwadowski, said

'If interest rates are reduced too much or too fast, it could put unfavourable pressure on the Icelandic crown, leading to its further devaluation,'

well this is what IMF , left behind in Argentina .

http://video.google.com/videosearch?q=argentinas+economic+collapse&emb=0#
Burnin flames .............. sad it is .

And this Franick , no one trust him or them here in Iceland .

We just dont trust these folks .

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 01:43 PM

Typically, a rescue by the IMF entails harsh measures to restore fiscal and monetary stability .......... the UK experienced this back in 1976 with inflation approaching 27%


Icelandic banks had expanded aggressively in the past decade with little or no government regulation

At the time of the IMF $2.1 billion rescue package last year Prime Minister Geir Haarde said at a press conference in Reykjavik

'Iceland will commit to a sustainable long-term economic policy.' and added
'There are no unacceptable conditions.'

According to David Powell, an analyst at the Bank of America, the level of funding was likely to be adequate for Iceland, provided they maintained the current capital controls they had put in place by controlling exchanges on the currency realistically for a year at least and possibly longer before they are able to do so.


The moral should be I suppose; if you don't trust someone, don't take their money!

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 02:08 PM

well Emma , thats what the coverment are wandering about , about the loan ,

but also , we only have got one payment from the IMF.

about our currency , we have two ways , hold the krona or take up US
dollar . Euro is out of the picture .

we´ll see , the future .

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 03:28 PM

Many of your countrymen apparently do not share your views skarpi!

David Oddson leader of the right wing Inependence Party served as Icelandic Prime minister from 1991 to 2004 and Foreign minister from 2004-5 before taking up chairman of the board of governors of the Central Bank of Iceland which was behind the whole ideology of the extreme market freedom and deregulation, that created an unsustainable financial system nine times the size of its gross domestic product (GDP).

After the collapse of the bank his actions as the chairman of the board were seriously questioned and there were demands for his resignation both by the Icelandic public and by Icelandic Prime Minister Jóhanna Sigurðardóttir

The nationalistic, conservative Independence party is now out of power, both in government and banking, but its 'youth arm' the SUS (many over 30 years old) have agreed to pursue that Iceland adopts the US dollar - they want to talk to the IMF and a deal be made to allow Iceland to use the USD as a reference in commerce and business

The Nestor Media blog however argues that -

'Without a foreign currency change for Iceland, and the only sensible thing is to get the Euro, things will only get worse.
But the strange thing about this SUS idea is the fact that the Independence party has been adamant to keep the ISK.
All their actions either political or economical have had one aim only. Do not enter the EU and fight to the death to keep the ISK.

But, with the economy destabilizing and the currency all over the place, support for joining the EU is growing

A poll published in 2008 by the Icelandic daily Fréttabladid showed that 68% of Icelanders would be willing to open membership negotiations with the EU.

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 03:49 PM

2008 ?? was then , you should see what we say now 2009 about eu .

its not very pritty .

this 68% is now 48 % and is goin down .

more and more people now see that the EU is not gonna help us at any rate , also the the EU have already told us that we would not get any special treatment from them , and after those words from EU many
of us turned against EU .

ofcourse we have nothing to get from EU in the future .
why should we want to go in when others wants to go out ??

NO to EU , .

And note this we will apply , or our coverment will , but its not gonna aproved by the nation .

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 04:01 PM

'Meanwhile, many of the around 320,000 Icelanders have been warming up to the idea of starting EU membership talks in the wake of the global economic crisis.

A Gallup poll on Wednesday showed almost two thirds (61.2%) of Icelanders in favour of the move and 29.6 percent against, although the question of actual membership still divides them.'

07.05.2009 @ 09:20 CET euobserver.com

Only the far right wing and BNP in the UK want out of the EU

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 05:28 PM

ja and only 1300 people were asked ?? out 320, 000 ????

cant tell if this is right ,.is it ..... this will not be ever .

Iceland is not gonna be a member of EU , if that happen I will
start and make An ICE-IRA and fight this from my heart .

and I mean it .

All the best Skarpi Iceland .

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 05:40 PM

Taking a representative sample is the standard recognized way of conducting a poll.

Any opposition party, however discredited, also has the 'right' to oppose a democratic decision - should that happen - but maybe fighting democracy with your 'heart' is better than resorting to other forms of more violent action.

Subject: RE: BS: IMF
From: Paul Burke
Date: 21 May 09 - 05:44 PM

The IMF have always been around to shaft you when you're down. They make third-world farmers grow export cash crops while the country starves and the land turns to desert.

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 06:06 PM

Emma I never said anything about " violent action. " that was only your word not mine .

we who are against EU will fight this other ways . I am , and I will
always be against using violent action , with weapons of any kind .

we have other ways .

Skarpi

Subject: RE: BS: IMF
From: skarpi
Date: 21 May 09 - 06:08 PM

jabb paul they have .

have you heard the song " sand of sudan " the lyric tells a story
and match to this :
third-world farmers grow export cash crops while the country starves and the land turns to desert.

Subject: RE: BS: IMF
From: Emma B
Date: 21 May 09 - 07:37 PM

I never suggested you would use violence skarpi - please read what I said before commenting
However, as much as I agreed totally with the legitimate aims of Sinn Fein I was also working in an area frequently targeted by the mainland bombing campaigns of the IRA in the 1970s and saw some of the destruction of property AND families that such violent tactics achieved.

Subject: RE: BS: IMF
From: katlaughing
Date: 21 May 09 - 11:47 PM

Skarpi, thanks for keeping us up to date on what is happening. I wish it weren't so, but I do agree with Sinsull, it IS going to get better. I wish you and your beloved country much success.

All the best,

kat