Thursday, April 12, 2012

UPDATED 4/18/12: Iceland Forgives the Mortgage Debt
 of its Population

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13 comments:

  1. UBER-AWESOME!!!!!!!!!!!!!!
    THANK YOU AK (0:
    it all has to start somewhere....next -
    The WORLD! (0:
    MeherBaba22

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  2. This is just the beginning, my beloveds! 4th D for some 5th D for others. No matter how you slice it, it will be served!

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  3. I love those people they are the bravest toughest people on the planet. They said F*** you dirty, grimy, sleezy, criminal bankers and politicians, we are having no more of your debt based fiat currency enslaving our people and is putting them in prison. I love it. Now is America would just grow some balls and do the same

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  4. same could be done here in portugal, if the people wasn't so brainwashed

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  5. I want this to be true but how can we be sure that this is? Can anyone translate the dialogue? I have searched for this story online & came up with nothing other than this single video which seems worryingly short on detail.
    If it is true, bring it on.

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    1. http://jhaines6.wordpress.com/2012/04/13/icelandic-anger-brings-debt-forgiveness-in-best-recovery-story-by-omar-r-valdimarsson/ Kiss!

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  6. I would love for this to be true also, but like Dwire I too think it is a hoax. But I am amazed as to how quickly it has spread, that is very reassuring in some ways.

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    1. It appears the Spanish TV news report either has a bad English translation or misunderstood that this is write down of any debt above 110% of equity. See above comment dated Apr 13,2012 10:10 PM.

      I will do so more research into this and see what exactly is the case. It appears there is some debt forgiveness going on but its uncertain that its complete mortgage forgiveness.

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  7. Well...I am an Icelander, and this is not true.
    Everybody is still paying their monstrous mortgage.
    Price on everything has gone up due to the economic crises. Food has gone up like 30-40%. My mortgage monthly payments has gone up 100% since 2005! But I still have the same salary as in 2007. People can not afford to do anything. And the left wing government is not helping the people. Which is why the opinion poles show the opposition getting 43% support if we were to vote now. Most people want them to step down. They have not kept their promises.
    So sorry to dissapoint you...but this is the way it is now :(

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  8. Well - there's this:
    "IMF urges authorities to consider debt forgiveness to restore growth" http://www.telegraph.co.uk/finance/financialcrisis/9195844/IMF-urges-authorities-to-consider-debt-forgiveness-to-restore-growth.html

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  9. Could the mortgage debt have been forgiven, but the people of Iceland not been informed? "Drake" referred to the forgiveness of mortgage debt in Iceland in an interview with Bill Wood on April 14th. If he is an insider, he should know, but maybe he is taking the video for granted too. I wonder what the truth is? The only thing I found regarding the forgiveness of Mortgage debt was that video, which is supposed to be wrong.

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    1. Just exactly what's going is not quite clear, there's some sort of forgiveness going on in regards to people who cannot pay their mortgages. Whether its more widespread than that is not known. Its clearly not a hoax. I think the people in Iceland know, but we've yet to find a reliable source that wants to be openly identified. The MSM news is certainly not reporting anything on it, but then did we really think they would? I will update this post as more information becomes available.

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  10. nice idea.. thanks for sharing.

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