Quote:
Originally Posted by Kundaflower
Hi Jon !
Some countrys like Argentina decleared their debts off to international bankers simply by refusing to pay them since they came impossible to pay.
Simple 
Situation like that is great opportunity for monetary reform. 
There is no need to any country be in debt.
Debt is connected to tax and intrest from which intrest is unnecessary.
Its silly that countrys, companys, privet citizens are all in debt to up to their eyeballs to some bankers. 
So, i know that some people from monetary reform movements have been
there in your country (from US/Canada) what is your understanding
how much people are aware about this ?
Love
K  |
Quick update on the situation.
Iceland has passed a law which states that the state will back up the loans to pay back
IceSave (presumably with our natural resources as collateral, but that is disputed)
The decision now lies with the president how has taken an unprecidented time to decide if he is going to sign the law.
Over 50.000 have signed a petition asking him not to sign it (alot if you consider that Icelanders are only about 300.000)
Alister Darling UKs finance minister has
threatened that if the president doesn't sign the law things will get a lot more difficult for us.