Iceland looks at getting rid of the Central Bankers. It can be a dangerous path to take.

Vikings Revenge: Iceland Takes Back Power To Create Its Own Money

sent in by Gordon

(TAP – not quite a done deal yet)

APRIL 4, 2015 BY 
The Vikings revenge. Iceland is taking the money back from the clutches of the private fractional reserve lending cartel.

It’s happened before in history, and with great success, but it has also prompted a violent backlash from the elites…

Back in 1914, the Bradbury Pound was introduced by the UK government as an ‘emergency measure’ to bolster a failing economy. It was a huge success. The banking elite were unhappy, however and panicked – before managing to wrestle control of the money supply afterwards.

President John F. Kennedy also introduced a similar ‘Greenback’ in 1961, and again, the banking elite were very unhappy about being pushed out, and losing control of the issuance of money as debt. JFK did not survive past 1963.

TAP – The original Greenback was issued in the Civil War, leading to another famous assassination – Lincoln’s.

Then there was Muammar al-Gaddafi in Libya who, in 2009 announced a new gold-backed dinar, issued by Libya’s state-owned public central bank, and with further plans – negotiating with the other African nations for the creation of an all-African currency to compete with the Euro and the Dollar. Gaddafi did not survive past 2011.

Raúl Ilargi Meijer
Automatic Earth

Who knew that the revolution would start with those radical Icelanders?

One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament.

Can’t see commercial banks in the western world be too happy with this. They must be contemplating wiping the island nation off the map. If accepted in the Iceland parliament , the plan would change the game in a very radical way. It would be successful too, because there is no bigger scourge on our economies than commercial banks creating money and then securitizing and selling off the loans they just created the money (credit) with.

Everyone, with the possible exception of Paul Krugman, understands why this is a very sound idea. Agence France Presse reports:

Iceland Looks At Ending Boom And Bust With Radical Money Plan

Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled “A better monetary system for Iceland”.

“The findings will be an important contribution to the upcoming discussion, here and elsewhere, on money creation and monetary policy,” Prime Minister Sigmundur David Gunnlaugsson said. The report, commissioned by the premier, is aimed at putting an end to a monetary system in place through a slew of financial crises, including the latest one in 2008.

According to a study by four central bankers, the country has had “over 20 instances of financial crises of different types” since 1875, with “six serious multiple financial crisis episodes occurring every 15 years on average”. Mr Sigurjonsson said the problem each time arose from ballooning credit during a strong economic cycle.

He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions. In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit. The central bank can only try to influence the money supply with its monetary policy tools.

Under the so-called Sovereign Money proposal, the country’s central bank would become the only creator of money. “Crucially, the power to create money is kept separate from the power to decide how that new money is used,” Mr Sigurjonsson wrote in the proposal. “As with the state budget, the parliament will debate the government’s proposal for allocation of new money,” he wrote.

Banks would continue to manage accounts and payments, and would serve as intermediaries between savers and lenders. Mr Sigurjonsson, a businessman and economist, was one of the masterminds behind Iceland’s household debt relief programme launched in May 2014 and aimed at helping the many Icelanders whose finances were strangled by inflation-indexed mortgages signed before the 2008 financial crisis.

Learn more about public-issued currency by watch this short film produced by the UK Column, about England’s Bradbury Pound:



14 Responses to “Iceland looks at getting rid of the Central Bankers. It can be a dangerous path to take.”

  1. Jennifer says:

    IMF – finger slip!

  2. Harriet says:

    Strange and bad things are known to happen to countries and people who oppose Zionist Jewish bankers, Zionist Jewish orchestrated wars and Zionist corporations (the US tax system known as the IRS, companies that manufacture GMOs, pesticides, toxic drugs and vaccines etc) and/or criticize organized Jewry, the Jewish Holocaust and/or criminal Zionist state: Israel.

    Some of the people who opposed the Zionist plan for world domination have died of car and/or airplane and other accidents. It is strange that Israeli planes never crash and Jews don’t die from accidents like non Jews. Sometime ago 90 plus people (politicians and government employees) from Poland died in a single plane crash and more recently a politician and his supporters from a South American country died in a smaller airplane crash. There was also a plane crash that killed ten people from Laos.

    Belgium MP Laurent Louis spoke against war and child sex trafficking and he was violently and falsely arrested and beaten up.

    President of Iceland Olafur Ragnar Grimsson got rid of the parasitic bankers. Iceland Interior Minister Ogmundur Jonasson said no to the Zionist FBI. FBI no doubt was trying to infiltrate into this nice country: Iceland to create trouble to the Iceland Government and people and because of the astute politician the country was saved. Iceland Minister of Interior also spoke on behalf of Palestinian rights, Iceland Foreign Minister wanted UN to immediately stop the Gaza genocide and Icelanders took to the streets to protest against Gaza murders and these things have angered the Zionists – and a volcano and earthquakes began to surface in Iceland. It looks like Communist Zionists are having a secret plot to harm Iceland to take revenge and get even.

    The most recent news is that Iceland Government is going to do the money printing instead of allowing Zionist Jewish bankers to do that which has produced a lot of financial trouble to Iceland and most other countries in the world.

    The entire world needs to watch for the safety and security of Iceland politicians, other Icelanders and the country: Iceland.

    We need to pray for this tiny and lovely country because Zionist bankers are a cruel lot and we are watching.

  3. Harriet says:

    As aforementioned a few months ago Iceland had a volcanic eruption. Ongoing volcanic activity has become a problem and life in Iceland is still not totally safe because of this and the earthquakes and these are caused by manmade weather manipulation which is a known cause for disaster making – another tool in the dangerous Zionist hand to be used to create more chaos and harm to innocent people who through their opposition to Zionist tyranny have become a serious threat for the New World Order of Jewish world domination and the establishment of Greater Israel as per the Protocols of Zion – and thus has become a target for the angry Zionists. God Bless the courageous and good-hearted Iceland politicians and lovely people in Iceland and their beautiful country!

    Hungary had floods! Hungary said they did not want GMO food and they destroyed all GMO crops in their country. Hungary also got rid of Zionist banks. And Hungarian Jobbik Party has recognized the harm Zionist Jews are doing (have done) to Hungary and Hungarian people and are voicing it openly and fighting back this undesirable and negative force that can totally ruin their country and people. They have been falsely branded “Extremists” by Zionist Jews for trying to take back their country from the grip of the Zionist invaders. In reality these Jews who cry wolf about patriotic Hungarians being anti-Semitic are the extremists.

    Japan had Fukushima! Japan refused Zionist vaccines and Zionist GMO food, Japan printed the “Protocols of Zion” which is the secret Zionist agenda (sort of a blue print Zionists have been using from generation to generation) to achieve the Communist Zionist dream of Jewish world domination and for a “Greater Israel” at the expense of all other non Jewish people globally. We need to find out about other things Japan may have done to anger the Zionist Jews who were Communists before they became Zionists.

    Several years ago Indonesia (a Muslim country) and Sri Lanka (A Sinhala Buddhist country) were both affected by the same Tsunami and in Sri Lanka there has been a land grab after the Tsunami and many Sinhala citizens lost their homes, businesses and land, There also could have been Muslims who were living in the Southern parts of Sri Lanka who lost their homes, businesses and land. Since the Tsunami crime rate in Sri Lanka has escalated. What do these things indicate? They indicate that an evil force has taken over the Island and that Tsunami was a creation of the geo engineers who are criminals that prey on countries and the innocent people living in those countries.

  4. Harriet says:

    “Let banks go bankrupt” says courageous Iceland President Olafur Ragnar Grimsson.

    We are watching for his safety because we know that Zionist bankers are cruel.

  5. Divide and conquer as a means to take over countries and this mechanism is being used every where.

    “The foreign occupiers that landed realized that one factor came between their plan to conquer and possess the land– the Sinhalese Buddhists. The aims and objectives of all occupiers and invaders was to repress Buddhism, divide the Sinhalese and break up the sense of ownership right that defended their nation”.

  6. The Vatican is one of the worst crime centers in the world and it serves terrorists and criminals.

  7. How many other secret ways Zionists may plan to take over Iceland?

    It has been written that Iceland tourism is booming which can only be beneficial to Icelanders if their country is not being infiltrated by ruthless people who have secret agendas to subvert their beautiful nation: Iceland in order to control Iceland and Icelanders where Zionist bankers left.

    Iceland politicians and other citizens need to monitor foreigners closely in order to make sure there is no risk to their well being.

  8. Zionists are using Prime Minister Narendra Modi of India to steal Sri Lanka the land of ethnic Sinhala people who have lived there for thousands of years in the same way Jews stole Palestine from people who lived there for thousands of years.

    [Another place to watch is Iceland!]

    Professor William Cook has done excellent work on the story of Palestinian land theft by Jews.

    The Untold Story of the Zionist intent to turn Palestine into a Jewish State

    William A. Cook

    May 11, 2010

    (Based on classified documents from the Jewish Agency and its affiliated organizations seized by the British Mandate Police, materials that confirm that the Zionist controlled Jewish community intended to remove the Arab inhabitants of Palestine from their land and make the whole of Mandate Palestine a Jewish State, an intent that continues to the present day as the new book, The Plight of the Palestinians: a Long History of Destruction, available at, demonstrates.)

    A Tale of Lies, Deceit, and Terrorism: the Birth of Israel

    “Jewish villages were built in the place of Arab villages. You do not even know the names of these Arab villages, and I do not blame you because Geography books no longer exist, not only do the books not exist, the Arab villages are not there either … There is not one single place built in this country that did not have a former Arab population.” (Moshe Dayan, Address to the Technion, Haifa, as quoted in Haaretz, 4-4-1969)

  9. Israeli soldier: Palestinians are our training targets

    The Israeli army uses Palestinians as targets for their training, Haaretz reported a former soldier as saying.

    In an article entitled “From an Israeli combat soldier to conscientious objector”, Haaretz said that “after two years in the Israel Defence Forces, Yaron Kaplan, 21, of Lod, is declaring himself a conscientious objector and is refusing to continue his service because of Israel’s occupation of the West Bank.”

    “From the moment I began my training I understood how violent this place is,” he said. “It was a totally traumatic experience. Every time we would do shooting practice, we would be ‘executing’ someone – ‘Now we shoot Mohammed; now we shoot at Ahmed’,” he said.

  10. Israel’s addiction to Nuclear Blackmail and Terror By Dr Preston James

    Israel has become a rogue Nuclear Terror State and has detonated mini-nukes in America in covert Gladio-style False-flag operations to set up a phony War on Terror so they could create and deploy their DHS Secret Police Occupation Force against “We The People.”

    Seymour Hersh was the first investigative journalist to publicly disclose Israel’s Samson Option.

    Israel’s Samson Option is a long standing nuclear retaliation program they set up during the 1970’s after they were able to acquire a substantial amount of weapons grade Plutonium from America.

    This Israel program of nuclear revenge was based on their determination to destroy the rest of the World if they were ever seriously attacked and destroyed by another large nation or superpower.

    This plan was of course privately communicated to the World’s top leaders because with out doing so no motivation would be obtained for these World leaders to cooperate with Israel’s defense establishment and help support the survival of Israel.

    Israel chose the name “Samson Option” based on the Old Testaments depiction of the Biblical character Samson committing suicide and pulling down the King’s building and wiping out his court after Samson was captured and weakened.

    The key belief and message here to the leaders of the World’s major powers from this Samson Option is that they better not allow Israel to be destroyed or they will be destroyed by Israel’s nuclear retaliation with nukes planted in their large cities.

  11. Dr Preston James says…

    Israel’s Samson Option was first disclosed as a final option, Israel’s form of mutually assured destruction and was based on Israel’s ability to plant numerous suitcase and even larger self-contained nukes in the major cities of America and Europe.

    According to the Israel Samson Option, any direct and serious attack on Israel which threatened its very existence would be followed by simultaneous detonations of these stored and well-placed devices in the targeted major American and European cities.

    The Samson option is an ongoing nuclear threat against the Top leaders of America and Europe and actually is a form of nuclear blackmail that these top World leaders had better not allow Israel to be attacked and destroyed or else Israel will nuke their major cities and power grids, thereby destroying them.

    Israel and the Rothschild Khazarian Mafia have gotten away with this monetary manipulation and nuclear blackmail of elected officials in America and all over the World so long that it has become an addiction which is now threatening all Americans and all humanity.

  12. We now know for certain the Israel blackmailed Bush2 soon after their nuclear attack on America of 9-11-01 that they would be detonating more nukes in American Cities if he didn’t help them establish the Department of Homeland Security. As we know, DHS is little more than a consolidation of all American Law Enforcement Agencies and Alphabets to form a single large Israeli-run Secret Police Occupation Force inside America.

    On January 3, 2015 a Senate Evaluation of the effectiveness of DHS was released with the following conclusions:

    Despite spending nearly $61 billion annually and $544 billion since 2003, the Department of Homeland Security DID NOT successfully execute any of its five main missions:

    Preventing terror attacks in America. Mission Failure.

    Effectively Securing America’s borders. Mission Failure.

    Effectively Administering and enforcing the America’s immigration laws. Mission Failure.

    Effectively Protecting America’s cybersecurity. Mission Failure.

    >Effectively Helping Americans quickly recover from national disasters. Mission Failure.

    It should not be a surprise that DHS has failed in all of its official goals which were its publicly stated reasons for its creation and existence. We now know for certain that the only terror attacks we have now have been set up by criminals in the FBI who entrap and use mentally ill and/or mind-kontrolled patsies whom they quickly “catch.”

    The actual secret reason DHS was created in America should send chill down the back of every American and motivate them to do everything they can to publicize this sinister enemy within the Gates of America.

    We also know that the true covert reasons that DHS was set up was to serve as a large Israeli-run Secret Police Occupation Force inside America to be used to progressively destroy America and mass-murder about 90% of its civilians after transforming America into GAZA II, the World’s largest open-air prison camp and making Americans the World’s New Palestinians.

    We now know for certain that as Israel’s private Occupation Force inside America, the goals of DHS are to fully subjugate Americans and systematically and progressively oppress and tyrannize them, asset strip them of all their property and wealth, make them homeless, destroy their food production and water supplies, disarm them, and then proceed to systematically mass-murder 90% of all Americans.

    Israel very craftily deployed the 9-11-01 nuclear attack on America to create the phony War on Terror which is only the handiwork of the World’s largest Organized Crime Syndicate, the Rothschild Khazarian Mafia (KM).

    Of course we now understand that one of the main reasons Israel nuked America on 9-11-01 and falsely blamed it on imaginary Mideast terrorists, was to create the phony War on Terror, which was their concoction start to finish, just like their ADL run programs to militarize our Police and turn too many of them into stone-cold murderers for any non-compliance.

  13. “The Jews of Khazaria” By Jonas Alexis

    “Jewish Encyclopedia: “According to A. Harkavy (‘Meassef Niddaḥim,’ i.), the conversion took place in 620; according to others, in 740.”

    “A Mongolian people who embraced Judaism and flourished from the 8th through the 10th centuries on the territory extending between the Don and the Volga rivers, and the shores of the Blacks, Caspian and Azov Seas.”

    Read here:

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