2016 The Alternative Media Continue To Look At Iceland For Leadership

Posted on October 11, 2016 by RonMamita — 2 Comments

protesters jailed but not the financial crooks and robbers
The worldwide crisis continues as institutional crime controls governments.
The alternative media has crowned Iceland as the world leader in problem solving the financial crisis.
While I saw the positive sign when Iceland said no to the bank bailouts and then chose to prosecute high ranking senior corporate executives, and politicians guilty of crimes, what remains to be addressed is the fraudulent international monetary system.
Iceland still has to address the monetary system and capital controls (their foreign trade, central bank and national currency creation).
The Icelandic government is considering legislation to lift capital controls with recommendations from the IMF.
To say Iceland is the model for the world would be short-sighted.

However, public pressure to enforce their rule of law and arrest criminals in important offices is a good thing with a clear message:
“Banksters” are not welcomed in Iceland. ~Ron

Iceland finds all guilty in banker market-abuse case

Politics and Society | Thu 6 Oct 2016

Hreiðar Már Sigurðsson, Ingólfur Helgason and Sigurður Einarsson. Photo: Iceland Monitor

Iceland’s Supreme Court has return a guilty verdict for all nine defendants in the Kaupþing market manipulation case, the court trial for which began in April 2015.

Back in June last year, the Reykjavik District Court found seven of the nine defendants guilty, acquitting two.

Birnir Sær Björnsson, Einar Pálmi Sigmundsson and Pétur Kristinn Guðmarsson. Photo: Iceland Monitor

By fully financing share purchases with no other surety than the shares themselves, the bankers were accused of giving a false and misleading impression of demand for Kaupþingi shares by means of deception and pretence.

The Supreme Court has now overturned the acquittals, finding Björk Þórarinsdóttir (credit representative at Kaupþing) and Magnús Guðmundsson (former CEO of Kaupthing Luxembourg) also guilty alongside the other seven.

Magnús Guðmundsson, Bjarki Diego and Björk Þórarinsdóttir. Photo: Iceland Monitor

No punishment has been handed out to Þórarinsdóttir and Guðmundsson, however.

In addition, Hreiðar Már Sigurðsson, former Director of the bank, who had initially received no further penalty, having previously been sentenced in the ‘Al-Thani affair’, has now been given a sixth-month extension to his prison sentence.

2 comments on “2016 The Alternative Media Continue To Look At Iceland For Leadership”

RonMamita says:

October 11, 2016 at 5:21 pm

Reports About Iceland:

They Allowed the BANKS To Fail – but only because the outraged citizens en masse locked the legislators into the parliament building while banging pots very loudly.

Title: Secret of Iceland economic miracle: Jail bankers, let banks go bust & no bail-out
Video posted 13 Jun 2015

Title: Iceland jails four ‘banksters’ in financial fraud case
Video posted 13 Dec 2013

___________________________

Realist News Reviews The Headlines:

Joe comments on what is written or heard from the news media.

Title: REALIST NEWS – This is exactly why I say STAY OUT OF THE STOCK MARKETS
Video posted 11 Oct 2016

Title: REALIST NEWS – Iceland Finds More Bankers Guilty – UNLIKE U.S.
Video posted 11 Oct 2016

Title: REALIST NEWS – CEO of Deutsche Bank Comes Home With No Deal with DOJ
Video posted 10 Oct 2016

LikeLike

Reply
RonMamita says:

October 12, 2016 at 9:12 am

Nova Scotia Bank Failed To Keep This From Going To Trial

Should we expect Nova Scotia Bank to lose documents and emails in an attempt to destroy evidence?

Will more bank personnel become “sudden death” victims?

U.S. District Judge Valerie Caproni ruled that investors may pursue antitrust and manipulation claims against Bank of Nova Scotia (“ScotiaBank”) and HSBC Holdings Plc, clearing the way for silver manipulation price-fixing litigation.
Caproni said the investors sufficiently, “albeit barely,” alleged that Deutsche Bank, HSBC and ScotiaBank violated U.S. antitrust law by conspiring opportunistically to depress the Silver Fix from January 2007 to December 2013.

This means that a U.S. Federal Court has found that a lawsuit – the first of its kind – has merit and will now proceed to rule on the following claims versus HSBC and Bank of Nova Scotia:
- employment of a manipulative device claims
- bid-rigging, and unjust enrichment.
- price fixing and unlawful restraint
- price manipulation claims
- aiding and abetting and principal-agent claims.
And so the discovery process begins, which will expose just how much market manipulation takes place in the silver (initially as there is a parallel lawsuit taking place with regard to gold) market by major banks.
Read:
http://www.zerohedge.com/print/574028

Title: REALIST NEWS – ScotiaBank Ordered to Produce Internal Documents – PM Manipulation Lawsuit
Video posted 12 Oct 2016

LikeLike

Reply