Iceland Votes Today: Will Each Happily Payoff $28,000 of "Their" Multinational Corporations' Gambling Debts?
Americalanders should be watching the situation for Icelanders today VERY closely, because many say that each of OUR unasked for, private debts, as created for us by our ruling class's speculatin' banks, may be similarly large or even far larger than Iceland's. This is not the "national debt" - its private debt that appears to have somehow gotten its hands on the Treasury- and it WONT LET GO! What happened in Iceland? Its becoming a common story- the rich stole a lot of money and they expect the common people to pay it back. With interest.
This huge debt, created by (often quite multinational, in this case, it was an overseas branch of an Icelandic bank) corporate banks and financial instruments based mostly on inflated values of real estate and stocks, looms over many nation's people. How can you tell an infant Icelander that two years of their college education
has already been sacrificed to pay for some CEO's power breakfast. Or a pair of shoes for Imelda so and so.
Identity Theft, or Co-Pillage?
The ability of the robber banks to borrow money against OUR credit and then force politicians to use any means possible to extract that money from helpless people impacts the financial health of all of us.
Its as if there was a huge parasitic worm growing in your body draining your blood and you were powerless to stop it except by leaving the nation, or soon, perhaps, the planet, behind and going far away.
Those who say we could simply "eliminate old social programs and cancel new ones" or raise taxes ignore the fact that most Americans feel in no way responsible for the huge debts accumulated during the 20th and early 21st centuries by the banks, and Wall Street, by debt swapping. They also increasingly feel that they were cheated out of their votes in 2008.
Why do Obama and the Senators feel so responsible? They should let these banks write their bad debts off. If they die, they die. They knew this would happen. Thats why they did this.
Obviously, the banks, even foreign branches of Icelandic banks, as in this case, expected "their" government to wipe up their poop. To bail them out in Iceland, but perhaps, they guessed wrong. We will see today. Icelanders seem to like the idea of being the Cuba of the North, some say. (Britain has declared the clean, incredibly beautiful country a "terrorist nation", triggering all sorts of problems for Icelandic nationals, adding to the anger that has left some Icelanders living in places like the UK besieged by angry small einvestors.)
If the situation here mirrors that in Iceland in a year or two, will Americans follow Obama's instructions, give up social benefits (like those some fools expected to arrive in 2014?) and repay US banks gambling debts like sheep to the abattoir? How much is each of our debt. One person I know who should know says that it could potentially equal the entire GNP of the world for one year, which makes each Icelander's $28,000 debt seem small in comparison.
When will Americans start asking: Who took that money? Where is it? Where are THEY? How can we get it back?
Ask your Senators.
Is Fake HCR Bill A "Stealth Attack" DERAILING Future Efforts To Solve Healthcare Progressively Via Global Trade Agreements?
Read what Public Citizen has to say about GATS Here
"GATS and Health Care
States are increasingly playing a greater role in determining the future of health care in the United States. Pending resolution of the federal gridlock on health care, states have been stepping forward to confront the challenges of rising health care costs and shrinking coverage by implementing statewide reforms. As these efforts experiment with new relationships between the private and public sector, states will need flexibility to implement real reforms that improve access and cost of health care. Unfortunately, federal trade negotiators are bargaining away the ability of state governments to tackle our health care crisis by committing U.S. health-related services, prescription drug distribution, and health insurance to binding GATS rules.
The GATS represents a 180 degree turn from the U.S. approach to health care policy − away from regulating industries for the benefit of the consumer and towards regulating governments for the benefit of industries. Effectively, GATS places binding restrictions on the exercise of democracy in order to promote the agenda of giant financial and insurance firms. These GATS commitments will limit the ability of federal and state governments to adopt innovative solutions to some of our most pressing health care problems, including creating low cost health care alternatives for working families and addressing the high cost of prescription medicines."
Read More Here:
GATS could block any changes in US healthcare structure by locking us into the commercial insurance death march- forever.