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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.
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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’
Sex-changing treatment for kids on the rise
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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.
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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…
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Time for a laugh, most likely a BIG laugh!
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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.
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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.
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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.”
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49.5% Of All Americans Don’t Pay Income Taxes…
Remember this the next time Obama says everyone must “pay their fair share,” .
Go HERE.
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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.
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Again, Queen Michelle telling us to do as SHE says, not as SHE does!
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.
You Know We Live in Upside Down Land
I went to the gym this morning. Left before wife and her sister went up to Des Moines. Tell you, I hit the damn bike too hard! My legs, when I finally got off, were yelling at me! Could not even get on the treadmill or the stride machine. So just got into massage chair and stayed for some time, hitting all the possible ways it could massage my back. Even now, legs are still murmuring about the workout they got. Hahahahahaha….But odd that all that bicycling I did, only showed burning 165 calories. Geesh. Take me forever to drop a pound at that rate. I still enjoyed myself and know I have to keep this up every day until I get it right.
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• A Muslim officer crying “Allah Akbar” while shooting up an army base is considered to have committed “Workplace Violence” while an American citizen boasting a Ron Paul bumper sticker is classified as a “Domestic Terrorist”.
You know you live in Upside-down Land if…
• Your government believes that the best way to eradicate trillions of dollars of debt is to spend more money.
You know you live in Upside-down Land if…
• A seven year old boy can be thrown out of school for calling his teacher “cute” but hosting a sexual exploration class on a college campus is perfectly acceptable.
You know you live in Upside-down Land if…
• The Supreme Court of the United States can rule that lower courts cannot display the 10 Commandments in their courtroom, while sitting in front of a display of the 10 Commandments.
You know you live in Upside-down Land if..
• Children are forcibly removed from parents who appropriately discipline them while children of “underprivileged” drug addicts are left to rot in filth infested cesspools.
You know you live in Upside-down Land if…
• Working class Americans pay for their own health care (and the health care of everyone else) while unmarried women are free to have child after child on the “State’s” dime while never being held responsible for their own choices.
You know you live in Upside-down Land if…
• Hard work and success are rewarded with higher taxes and government intrusion, while slothful, lazy behavior is rewarded with EBT cards, WIC checks, Medicaid and subsidized housing.
You know you live in Upside-down Land if…
• The government’s plan for getting people back to work is to provide 99 weeks of unemployment checks (to not work).
You know you live in Upside-down Land if…
• Being self-sufficient is considered a threat to the government.
You know you live in Upside-down Land if…
• Politicians think that stripping away the amendments to the constitution is really protecting the rights of the people.
You know you live in Upside-down Land if..
• The rights of the State come before the rights of the individual.
You know you live in Upside-down Land if…
• Parents believe the State is responsible for providing for their children.
You know you live in Upside-down Land if…
• You can write a post like this just by reading the news headlines.
You know you live in Upside-down Land if…
• You pay your mortgage faithfully, denying yourself the newest big screen TV while your neighbor defaults on his mortgage (while buying iphones, TV’s and new cars) and the government forgives his debt and reduces his mortgage (with your tax dollars).
You know you live in Upside-down Land if…
• Your government can add anything they want to your kid’s water (fluoride, chlorine, etc.) but you are not allowed to give them raw milk.
You know you live in Upside-down Land if…
• Being stripped of the ability to defend yourself makes you “safe”.
You know you live in Upside-down Land if…
• You have to have your parents signature to go on a field trip but not to get an abortion.
You know you live in Upside-down Land if…
• You can get arrested for expired tags on your car but not for being in the country illegally.
You know you live in Upside-down Land if…
• Using the “N” word is considered “hate speech” but writing and signing songs about raping women and killing cops is considered “art”.
Unfortunately, this list could go on and on. Our world has been turned upside-down. We are in distress. Where do we go from here?
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Congress is set to make the Navy Secretary accountable for the naming of ships.
Given that they’ve been named after a labor activist and union thug, a congress-critter that hated Marines and another congress-critter whose only claim to fame was surviving being shot I think it is more than about time:
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In vivid proof that democrats have no backbone, are yellow-bellied,lily livered cowards, and prefer to kiss Islamic ass, we have this poll showing 62% of republicans think we need to support Israel in a strike against Iran but only 33% of democrats support Israel:
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The head of Media Matters, who is raking in hundreds of thousands of dollars for the president, and is anti-gun, goes on the streets with a bodyguard carrying a Glock.
Sheer hypocrisy!
The recent revelation that the head of Media Matters walked the streets of Washington with a Glock-toting personal assistant acting as a bodyguard may make it a little awkward for the group the next time it seeks a donation from a gun control advocacy group.
Media Matters reportedly took more than $400,000 from the Joyce Foundation specifically earmarked to promote a $600,000 initiative on “gun and public safety issues.” At the same time, Media Matters’ gun-guarded boss David Brock reportedly obsessed over his own security.
“It doesn’t look good,” said Fraser Seitel, president of Emerald Partners Communications and a public relations expert who authored the book “Rethinking Reputation.”
“But it is a gray area in terms of public relations. Since (Media Matters) is so anti-NRA, to have their members packing heat leaves them open to criticism,” he said.
Brock reportedly told confidantes that he feared for his safety and needed hired guns to keep him safe. The District’s gun laws are among the strictest in the nation, which raises the question of whether Brock’s assistant at times was in violation of its ban on carrying a concealed weapon.
(what I have said many times, these anti-gun people are people who have armed bodyguards!)
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Are you one of these? If so, this is how others see you.
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Treasury Secretary Timothy Geithner today admitted under questioning from Sen. Sessions that the president’s own budget is “unsustainable.” Sec. Geithner made a similar admission last year, when he said that “with the president’s plan, even if Congress were to enact it and even if Congress were to hold it and reduce those deficits to three percent of GDP over the next five years, we would still be left with a very large interest burden and unsustainable obligations over time.”
Testifying before the House Budget Committee today, U.S. Treasury Secretary Tim Geithner told Chairman Paul Ryan the following:
“We’re not coming before you to say we have a definitive solution to that long-term problem. What we do know is we don’t like yours.” [snip]
At one point during the hearing, Ryan brought out this chart illustrating the impact of the Ryan debt plan, the one Geithner said “we don’t like”:
Read the article and watch the video here.
(obama and his regime do not give one crap about our economy, our money, our future! they just want to make it easier for the islamics to take over)
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The tea party isn’t dead. It’s just looking down ballot. While fiscal conservatives remain split over the GOP presidential candidates, grassroots activists are coalescing around a stellar slate of limited-government candidates looking to reinforce and reenergize the right in Washington.
And in the spirit of the modern-day tea party movement, no entrenched incumbent — Democrat or Republican — is safe.
Utah was Ground Zero for the movement’s first major electoral upset. In April 2009, this column first reported on a Salt Lake City tea party protest of 2,000 Utahans who repeatedly booed GOP Sens. Bob Bennett and Orrin Hatch for supporting the $700 billion TARP bank bailout. In May 2010, the three-term, 76-year-old Bennett got the boot at the GOP state convention. Young conservative lawyer Mike Lee, who clerked for Supreme Court Justice Samuel Alito, went on to win the seat.
Now, young conservative entrepreneur and renowned state pension reformer Dan Liljenquist is taking on Utah’s other big government Republican barnacle, 77-year-old Hatch. Liljenquist excelled in the private sector as a global management consultant and business strategist; he also helmed a privately owned call center company that grew from two to 1,500 employees since its 1995 founding. Liljenquist was elected to the Utah Senate in 2008, where he spearheaded state pension and Medicaid reforms that earned him the non-partisan Governing magazine’s 2011 “Public Official of the Year” award.
The 36-year, six-term Hatch was first elected in 1976 on an anti-entrenched incumbent platform. Hatch’s campaign line then against his opponent Frank Moss: “What do you call a Senator who’s served in office for 18 years? You call him home.” Now, Hatch is clinging to power after almost four decades in government — and vainly attempting to claim the tea party mantle to stave off Liljenquist’s David vs. Goliath primary challenge.
Hatch co-sponsored the $6 billion national service boondoggle and dedicated it to his good friend Teddy Kennedy, with whom he also joined hands to create the ever-expanding SCHIP health care entitlement. Heslobbered over corruptocrat Democratic Sen. Chris Dodd, supported tax cheat Treasury Secretary Tim Geithner from Day One, lavished praise on Joe Biden’s manhood, and embraced and defended Attorney General Eric Holder’s nomination because, he said, “I like Barack Obama, and I want to help him if I can.”
In Indiana, another aging liberal Republican dinosaur is fighting for his political life by masquerading as a tea party standard-bearer. The six-term 79-year-old Sen. Dick Lugar — who prides himself on being Obama’s favorite Republican — hasn’t lived in his home state since 1977. He supported the Obama stimulus law, job-killing environmental mandates and the taxpayer bailouts of Fannie Mae and Freddie Mac, as well as the auto and banking industry bailouts.
Go HERE for more!
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Rick Santorum told a town hall in Tioga, ND yesterday that Pres. Obama thinks “you can’t be trusted with freedom.”
“He has decided that all the knowledge and all the compassion and concern resides inside the Beltway in Washington D.C. And that you can’t be trusted with freedom.”
Listen to the sound-bite here.
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SHARPTON PULLS RACE CARD AS HIS CAR IS TOWED AWAY
The race baiter didn’t even have it insured!!
Can I get a witness?
The Rev. Al Sharpton tried to move heaven and earth yesterday to keep his SUV from being towed at La Guardia Airport — but no amount of preaching could stop Port Authority cops from impounding the vehicle.
An officer rolled up on the 2008 Lincoln Navigator at around 2 p.m. outside the Delta and US Airways terminal as the MSNBC host’s driver waited to pick him up in a clearly marked “no standing” zone, said PA Police spokesman Al Della Fave.
PAPD cop Oscar Ruiz asked the driver for his paperwork and quickly discovered that the SUV had a suspended registration “due to lack of insurance,” the spokesman said.
At that point, Sharpton emerged from the terminal after a flight from Washington, DC, and raised holy hell over the situation.
“He begins yelling, saying the cop was just doing this because of who he was,” a source said.
(see, if you are not white, just use the race card at every damn opportunity! this guy should be out of office, out of the limelight, out of America)