What GREAT news from yesterday - Iceland has resolutely VOTED NO in the Icesave referendum!!!
That means that the Icelandic people have basically told their government that they should not re-pay the UK and Netherlands governments billions of pounds for what it has cost those governments to pay their account holders in the Icesave collapse.
What FANTASTIC news!
And, better still, the vote was overwhelming in its resounding NO. Latest estimates from the poll put the 'NO' vote at 93%, with only 2% voting in favour of 'honouring' Iceland's debt to the UK and Netherlands. The rest of the voters cast invalid votes, which pundits assess as being a protest vote in itself. Hence, many believe that, in fact, 98% of Icelandic voters were against the debt re-payment, in one way or another. Amazing.
Talk about a nation united in their collective fury and anger at having to be the 'fall guy' for an unregulated global financial system that is clearly perverted, inequitable and entirely out of control.
It has been stated that the referendum has shown far more all-out opposition to the debt repayment by this small country's citizens than was originally expected. And this in the first referendum held in this country since 1944; one of the world's oldest continuous democracies, by the way.
My respect for the people of Iceland today is enormous. They may still hunt whales (to which I have a huge problem - please, stop that, Iceland), but at least they had the courage to stand up to the British and Dutch bullies and, more importantly, to have the vision to realize that they simply cannot have their economic future held hostage because of what uber-capitalism has become today - namely, unfair, unjust and unsustainable.
There will be tough days ahead for Iceland. That IMF loan has just become a lot more difficult to get. I just wish Iceland would see that for the beautiful silver lining that it will be for the country. Think middle- to long-term, Iceland - you do not need that IMF loan. The cost will simply be too high for your society.
Even EU membership may have to go on hold for now. Too bad. Nothing is worth getting if it means having to sell your soul to the Devil incarnate that is the current global financial system, sick and twisted as it is of now.
The relative silence on this Icelandic vote on most of the major international TV news stations today has been deafening. That in itself says everything. The corporatist powers-that-be are scared. Very scared. This small North Atlantic island nation of just 350 000 people has just scared the living daylights out of the world's financial establishment with the biggest middle finger to the rest of the world in recent times.
The corporate powers-that-be and economic terrorists on Wall Street and in the City of London can pooh-pooh this result all they like. They don't fool me. They know that the tide may just be turning against them. The people, quite frankly, have had enough.
Good for you, Iceland. Now, please Greece, be the next...
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