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Now this is something I don’t believe most people know about, or follow, and of course you will not see our MSM say much if anything on this.

How one country told the banks to get lost! And survived!

Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger.

Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association.

“You could safely say that Iceland holds the world record in household debt relief,” said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. “Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that.”

The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area and the developed world on average, the Organization for Economic Cooperation and Development estimates. It costs about the same to insure against an Icelandic default as it does to guard against a credit event in Belgium. Most polls now show Icelanders don’t want to join the European Union, where the debt crisis is in its third year.

The island’s households were helped by an agreement between the government and the banks, which are still partly controlled by the state, to forgive debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer need to cover krona losses.

Crisis Lessons

“The lesson to be learned from Iceland’s crisis is that if other countries think it’s necessary to write down debts, they should look at how successful the 110 percent agreement was here,” said Thorolfur Matthiasson, an economics professor at the University of Iceland in Reykjavik, in an interview. “It’s the broadest agreement that’s been undertaken.”

Read the entire story HERE.


Lefty blogger banned by Daily KOS for questioning Islam  Daily KOS is a very liberal blog owned and run by the most liberal person there is.

What An Israeli Attack On Iran Would Look Like

Krauthammer on payroll tax holiday compromise: ‘Selling crown jewels to buy crack’

DNC now going after Santorum

Sex-changing treatment for kids on the rise


It is said that gas prices will be in the $4.25 range by April. Be interesting to see if that pans out. Am sure, closer we get to April, the better the gas price predictions will be.


Occupy Wall Street is ruining cities, fiscally and aesthetically, to get their message out – CORPORATIONS NEED TO PAY THEIR FAIR SHARE!

Yet, Media Matters operates as a tax exempt organization and leftist loons are taking tax breaks for donating to them.

Mike Huckabee on this…


Time for a laugh, most likely a BIG laugh!

capitalist preservation


Yet another democrat without a clue as to what he is talking about. Geesh…islamics in the USA are being treated by our government with kid gloves.

70 years later, still blaming an ‘enemy within’ — Rep. Mike Honda/WaPo

Sunday, February 19, 2012, marks the seventieth anniversary of President Franklin Delano Roosevelt’s signing of Executive Order (EO) 9066 - a tragic moment in our nation’s history.

On February 19th, 1942, “race prejudice, war hysteria and a failure of political leadership” overwhelmed the best angels of the American character. EO 9066 declared the West Coast a military zone. Japanese Americans were branded as an “enemy within.” 120,000 Japanese Americans were forced to evacuate their homes. My family and I were herded like cattle into the Amache internment camp in southeast Colorado. I was less than one year old at the time. [...]

We cannot stand idly by as an entire American community is demonized as a “religious enemy within.” We cannot hide our eyes when failed leaders like State Rep. Rick Womack of Tennessee declare that Muslims must be purged from our military or that Muslims pray to a false God. We must not stay silent as Rep. Peter King – during a recent hearing on the 70th anniversary of Pearl Harbor – uses tragic but isolated crimes and unnamed sources to proclaim that one group — Muslims— are the source of all homegrown terrorist threats to the military.

We cannot turn away as two American companies – Lowe’s and Kayak – pull their advertising from TLC’s “All American Muslim” television show in the face of Florida Family Association’s extremist assertions that the program misrepresents the “dangerous and radical truth” of the Islamic religion. And we will not stand idly by in the face of evidence that the NYPD and CIA are illegally and unjustly probing Muslim communities in New York City.


Now this, I find funny as hell. That this idiot becomes one with the enemy (muslims) and now wonders why he is not loved in hollywood.

(NY Post) — Sean Stone, son of controversial director Oliver Stone, converted to Islam in Iran last week and says he’s already experiencing a Hollywood backlash.
The ceremony was held in Isfahan, where he is researching a documentary. He now goes by the name of Sean Christopher Ali Stone.

He told Page Six: “I’ve already experienced the reverse of anti-Semitism, having people within the film industry express a reluctance to work with me now that I have said a simple prayer, ‘There is no God but God, and Mohammed is his messenger.’ I am sure I have [bleeped] off some powerful people.” Speaking over dinner at Barrio 47, Sean told us, “Having read the Koran and having been around the Islamic culture, especially in Iran, I do believe that Mohammed is a prophet of the same god worshipped by other religions.

He said his dad welcomed the move.

“My dad said, ‘Allah be with you.’ My father understands that I am trying to bridge certain gaps and bring about peace.”

But he has been shocked by the reaction from others. Sean, about to release his horror movie “Graystone,” said, “I didn’t realize I would be so vilified. It is almost like I am a criminal for having accepted Islam. I didn’t realize Islamophobia was that deep. People have speculated that I have done this because I am from a spoiled family or that I am lost and trying to find myself. That is ridiculous.


Harvard is nothing now but a LEFTIST bastion!


On March 3-4, Harvard will host a two-day conference at the Kennedy School of Government focused, in effect, on dismantling the Jewish state of Israel. A number of student groups and others associated with Harvard are sponsoring “One State Conference: Israel/Palestine and the One State Solution.”

Those who promote a one-state “solution” advocate creating an entity which would, through its merger with the Palestinian Arab population of the West Bank and Gaza and an influx of Palestinians from neighboring states, lose its Jewish majority and its Jewish character. In effect, Jewish self-determination would be nullified.

According to the working definition of anti-Semitism developed by the European Union Agency for Fundamental Rights (FRA), and recognized by the United States Department of State, the One State Conference, in implicitly “denying the Jewish people their right to self-determination,” is an exercise in anti-Semitism.

In a conversation recorded on February 9, 2012 at Imperial College in London, even Norman Finkelstein, who describes himself as having devoted his life to the cause of the Palestinians, told his interviewer, “You know and I know exactly what we’re talking about because if we end the occupation, and we bring back 6 million Palestinians, and we have equal rights for Arabs and Jews, there’s no Israel. That’s what it’s really about.”


49.5% Of All Americans Don’t Pay Income Taxes…

Remember this the next time Obama says everyone must “pay their fair share,” .



Now, if this story was about Christians stoning Muslims it would be page one news here in the US.

(Israel Today) — A mob of some 50 Palestinian Muslims stoned a group of Christian tourists atop Jerusalem’s Temple Mount on Sunday morning. Three of the Israeli police officers who acted to protect the Christian group were wounded by the stone-throwers.

Police arrested 11 Palestinians, several of them minors, for their role in the attack.

The attack is believed to have been instigated by the former Muslim mufti of Jerusalem, Ekrama Sabri, who told Palestinian media over the weekend that Jewish groups were planning to break into the mosques that occupy the holy compound and desecrate them.

Sabri urged all local Muslims to protect the mosques from “the Israeli conspiracy against the city and its holy places.”

Muslim religious figures regularly claim that Israel is plotting to destroy the Dome of the Rock and the Al Aqsa Mosque to pave the way for the rebuilding of the Jewish Temple, which the Muslims now insist never previously existed.

Because of the constant threat of Muslim violence, and despite the fact that the Temple Mount is the most holy place on earth to Jews and many Christians, the Israeli police comply with Muslim demands for harsh restrictions on non-Muslim visitors to the site. For instance, Jews and Christians are forbidden to carry Bibles atop the Temple Mount or to utter even silent prayers within its walls. Jews and Christians are regularly detained for violating these conditions.


Again, Queen Michelle telling us to do as SHE says, not as SHE does!

Daily Caller:

In the midst of a recession, Michelle Obama and her two daughters are spending Presidents Day on the slopes at the star-studded resort of Aspen, a source who is a longtime ski instructor at the mountain confirmed to the Daily Caller.

The source told TheDC that the Obamas are there with their young children and two female friends of the first lady. The group is staying near Buttermilk Mountain, at the “huge private home” of Jim and Paula Crown — the family that owns Aspen Skiing Co. There are a large number of Secret Service agents with them, and the Crowns have reportedly relocated to Little Nell Hotel until things quiet down.

The Crown family is from Chicago, the Obamas’ home town. Paula Crown is a member of President Barack Obama’s President’s Committee on the Arts and the Humanities. Federal Election Commission records show that both of the Crowns are big Democratic donors, with the exception of several isolated donations to Republican candidates such as Sen. Mark Kirk.