{"id":16114,"date":"2016-01-06T16:19:12","date_gmt":"2016-01-06T21:19:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16114"},"modified":"2016-01-06T16:19:41","modified_gmt":"2016-01-06T21:19:41","slug":"how-iceland-escaped-from-the-one-bank","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16114","title":{"rendered":"How Iceland Escaped From The One Bank"},"content":{"rendered":"<h3><a href=\"https:\/\/www.sprottmoney.com\/blog\/iceland-escape-jeff-nielson.html\" target=\"_blank\">How Iceland Escaped From The One Bank<\/a><\/h3>\n<p>What have the governments of the corrupt Western bloc spent most of their time doing since the Crash of \u201908? We can answer this question in three parts:<\/p>\n<p>1)\u00a0\u00a0Creating increasingly falsified\u00a0<a href=\"https:\/\/www.sprottmoney.com\/blog\/how-to-hide-a-hyperinflation-part-ii-jeff-nielson.html\">\u201cstatistics\u201d<\/a>\u00a0to fabricate the\u00a0<em>illusion<\/em>\u00a0that their economies were not on the verge of all-out economic collapse;<\/p>\n<p>2)\u00a0\u00a0Hacking and slashing every social program in sight in order to generate the false savings known as Austerity; and<\/p>\n<p>3) Creating new funny-money and taking on new debt at an exponentially increasing rate in order to\u00a0<em>delay<\/em>collapse, since all that Austerity accomplished was an acceleration of these death spirals.<\/p>\n<p>Making these points apparent to newer readers will require additional elaboration. The starting point is the Crash of \u201908 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:\u00a0<a href=\"https:\/\/www.sprottmoney.com\/blog\/too-big-to-fail-a-nightmare-which-must-end-jeff-nielson-sprott-money-news.html\">\u201ctoo big to fail.\u201d<\/a><\/p>\n<p>At the end of 2008, the West\u2019s puppet governments succumbed to History\u2019s ultimate act of blackmail at the hands of History\u2019s largest and most rapacious crime syndicate:\u00a0<a href=\"http:\/\/www.sprottmoney.com\/news\/the-one-bank-revisited-jeff-nielson\">the One Bank\u00a0<\/a>.\u00a0<em>\u201cGive us all your money, or we\u2019ll blow up your entire financial system.\u201d\u00a0<\/em>That is the real meaning of \u201ctoo big to fail\u201d: institutionalized extortion, in perpetuity.<\/p>\n<p>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\u00a0<a href=\"http:\/\/www.ritholtz.com\/blog\/2011\/12\/bailout-total-29-616-trillion-dollars\/\">extortion payments\u00a0<\/a>was in the\u00a0<strong>tens of TRILLIONS\u00a0<\/strong>. Obviously the Deadbeat Debtors of the West couldn\u2019t raise more than a tiny fraction of that amount of blackmail money up front. Thus, most of this shakedown of (supposedly) sovereign governments came in the form of future tax breaks and \u201closs guarantees.\u201d<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Iceland Escaped From The One Bank What have the governments of the corrupt Western bloc spent most of their time doing since the Crash of \u201908? We can answer this question in three parts: 1)\u00a0\u00a0Creating increasingly falsified\u00a0\u201cstatistics\u201d\u00a0to fabricate the\u00a0illusion\u00a0that their economies were not on the verge of all-out economic collapse; 2)\u00a0\u00a0Hacking and slashing every [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[40,11535,11074,309,312,317,1833,6354,536,11534,6355,965],"class_list":["post-16114","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austerity","tag-bank-collapse","tag-crime-syndicate","tag-fiat-currency","tag-financial-crisis","tag-financial-system","tag-iceland","tag-jeff-nielson","tag-money","tag-one-bank","tag-sprott-money","tag-west"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16114"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16114\/revisions"}],"predecessor-version":[{"id":16116,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16114\/revisions\/16116"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}