"Watching the crowds in Iceland banging pots
and pans until their government fell reminded me of a chant
popular in anti-capitalist circles back in 2002: `You are
Enron. We are Argentina.'" (All
of Them Must Go by Naomi Klein, 5 Feb 2009). Many commentators
believe this may have marked a decisive populist turning point
against parasitic global banking establishments and New World
Order hegemony around the world. (Photos by Hlynur,
on Flickr, 20 Jan 2009 Icelandic Revolution)
PART I
Introduction and Overview
by William
B. Fox
First edition published 30 May 2010
Last updated 8 Jan 2011.
"I
spoke to a man at the International Monetary Fund [IMF] who had
been flown in to Reykjavík ... Iceland was entirely new
to his experience ... historically rational human beings who had
organized themselves to commit one of the single greatest acts
of madness in financial history. `You have to understand,”
he told me, “Iceland is no longer a country. It is a hedge
fund.'” Wall
Street on the Tundra, by Michael Lewis, Vanity
Fair, April 2009
"...Many
people felt that we were like the regular staff of Enron...And
when everything collapsed in August 2008, most people in Iceland
had no idea what was going on. So it came as a complete shock
to the nation." Birgitta Jonsdottir, Member of Parliament,
9 March 2010 interview
with Alex Jones
Introduction
Iceland's
speculative binge and bust should be seen from a long term cultural
and ideological perspective as well as from a global financial
viewpoint. The Protestant Reformation flourished in countries
with majority Nordic demographics, and gave rise to the Protestant
work ethic. The Iceland financial fiasco symbolizes complete
alienation from core values that once emphasized thrift, savings,
and individual initiative. These values also entailed personal
responsibility, political decentralization, and the creation
of things of real value through mutually beneficial, honest
hard work. They played a key role in making both America and
the UK the leading industrial powers in the 19th century back
when both countries were majority White Anglo-Saxon Protestant
countries run by WASPs, with hard money systems. These values
also provided a shield against both external predators and high
level internal criminals.
From "Iceland:
The country that became a hedge fund," by Peter Gumbel,
Fortune Magazine, last updated: December 4, 2008, subtitle
"Okay, not really. But its main banks and business tycoons
took huge risks and its citizens borrowed to the hilt. Now this
island nation is paying the price."
Iceland
has also been the target of outside predators before. We learn
from "Slavery?—White,
Black, Muslim, Christian" that "In 1627 pirates
from the Barbary Coast of North Africa raided distant Iceland
and enslaved nearly four hundred astonished residents." More
recently, Iceland has been infiltrated and corrupted by outsiders
willing to render its inhabitants permanent debt slaves and an
eventual servant minority within the home of their ancestors.
I
have lived in all regions of the United States. I have had enough
direct contact with individuals on all levels of society to not
only verify facts and interpretations contained in this work,
but also feel see disturbing analogies between Iceland and America
--suppressed by controlled mainstream media. A
huge problem for people who live outside America to understand
this country is that this highly fractured and dysfunctional society
has become heavily steeped in denial and fantasy --to include
interpretations of its own history. This is a major reason why
alternative media and a free Internet are its last best hope for
any kind of sane resolution of its extremely serious social and
economic problems. The
United States became alienated from its founding values as it
underwent major immigration, demographic, and leadership changes
beginning in the 1840's. It increasingly converted over towards
a multi-ethnic, multi-cultural global-imperial social model reminiscent
of ancient Babylon, imperial Rome, and the Zionist New World Order.
Zionists values, which stress financial intrigue, organized crime,
and Mossad-CIA manipulation rather than manufacturing productivity,
took over at the top in New York, Los Angeles, Washington, D.C.,
Chicago, and other urban power centers beginning in the early
20th century. Please see Appendix
IV of Part
6 for more detailed coverage of this history. There
is another interesting social irony at play here. An Icelander
once referred to his own people as "an egalitarian people
with aristocratic tendencies." Iceland has historically been
one of the most naturally libertarian societies in the West with
a large middle class. It also has a relatively homogeneous Nordic
or Nordic-Celtic population. Its treatment of women is so liberal
that one journalist wrote an article titled "The
World's Most Feminist Country." During
the extremist phase of the French Revolution, Jacobins created
a bloody mess by trying to ruthlessly convert their multi-ethnic,
multi-class, and mostly Catholic society into an egalitarian version
of 18th century WASP-run America and Nordic-Lutheran Iceland.
Now certain unwise Icelandic political and business leaders have
created their own horrible mess by trying to turn Iceland into
a "global-financial" version of 20th century Zionist-run
America and "New World Order-New Babylon" Israel.
The logo of Yale's Skull and Bones fraternity, which
has produced a disproportionate number of leaders of the CIA
and major American corporations. It's founders got their start
peddling opium to China in the early 1800's. Today it serves
as a poison label for a sick society.
America
also has a very serious problem with business and political leaders
who are cut off from any real sense of roots or social responsibility
--in fact, even more so than Iceland. Many of them, like George
W. Bush and his father --or for that matter most fellow members
of Yales' Skull and Bones fraternity -- are a psychological
mess. (Please see the first part of Chapter
5 of the Mission of Conscience series which describes
how "W" gets "titilated by evil.")
America's
problems go back to Puritans who first settled New England en
masse in the mid 17th century. They followed a utopian and hardline
interpretation of a religion originated by a very alien people
called the Jews in the first, second and third centuries A.D.
This Semitic religion was subsequently imported into England during
the Dark Ages, where it sought to ruthlessly blot out the indigenous
natural tribal religions of Nordic and Celtic peoples. (According
to the documentary A
Lamp in the Dark, Catholic Church inquisitions made the Dark
Ages even darker). This intolerant, dogmatic, universalistic,
and monopolistic Semitic religion was finally discredited by the
Enlightenment in the mid-1700's. So much so, in fact, that Thomas
Jefferson talked about "Nature's God" in the Declaration
of Independence. Nevertheless, in the 1860's descendants of the
Puritans would implement a secular leftist and "humanist"
interpretation of the old ruthless Semitic religion to militarily
crush States' Rights and turn the South on its head during the
so-called "Reconstruction" era, to include turning "abolitionism"
and the Federal government into a religion, and denying voting
rights to Southern whites while turning their legislatures over
to former Negro slaves and Jewish
carpetbaggers. Glory, glory,
Hallelujah! Three hundred years even later, in the 1960's,
distant descendents of the Puritans would implement an even more
confused leftist secular ideological offshoot of their 17th century
religion -- aided and abetted by Zionist-controlled national media
-- to promulgate a no-win war in Southeast Asia, psychedelic drug
use, forced racial integration, sexual promiscuity, feminist social
reengineering, blank check support for Israel, unlimited federal
government, central bank interventionism, globalism, and the beginning
of a long period of deindustrialization and global competitiveness
decline. Obviously
there have been some major fault shifts and confusion between
American generations about core values and moral and philosophical
anchor points.
.Iceland
is unique by possessing an indigenous culture and religion that
go back to the pagan Viking era. The Icelandic language spoken
today is very similar to Old Norse. In the early 1970's, an Icelander
named Sveinbjorn Beinteinsson revitalized the open practice of
Asatru, the indigenous Nordic religion, after a thousand year
hiatus. Sveinbjorn also supported many nationalist policies. This
author made a special effort to interview
Sveinbjorn through a Norwegian-American journalist in 1993, appreciating
the importance of his work from both an indigenous religion and
nationalist perspective at the time. I also felt inspired to publish
many articles to help introduce the general public to Asatru in
the early 1990's. I have reproduced these articles both in my
author
archive web page and religious
crisis web page, to include a lecture to the Leif
Erikson Society of New York and two
articles about why I believe a tribal religion like Asatru
is more appropriate for Nordic peoples than Christianity. Last
but not least, I link to other significant Odinist or Asatru leaders
who began their public mission in the 1970's, to include Steve
McNallen of the Asatru Folk Assembly, and Else Christensen who
published The Odinist newsletter from 1971-1992. I have
archived
many back issues of Else Christensen's publication, which explained
how many "intangible" social elements ranging from folklore,
customs, culture, and indigenous religion can provide greater
self-sufficiency and strength in politics, economics, and other
key areas of social functioning. .
This ain't
"W." Left: Portrait of Sveinbjorn from a poetry recording
made in 1953. Right, a later picture of Sveinbjorn in front
of a Thor statue he created at his farm.
Sveinbjorn
Beinteinsson passed away in late 1993, not very long after my
interview. Paradoxically, at this very same time other leaders
in Icelandic society started pushing Icelandic society hard
in the exact opposite philosophical direction preached by Beinteinsson.
That is, towards the globalist values of the New World Order.
Their decoupling from anchor points advocated by people like
Sveinbjorn Beinteinsson would ultimately cost Iceland dearly.
Quite
often countries are much better off when their citizens have
a clearer idea of what they are --and what they are not.
Most white Americans raised in the "melting pot" have
no concept of "indigenous values," the principles
of nationalism, or how all these things work together to foster
a successful society. Hopefully my discussion of Iceland as
a case study, combined with my nationalist
analysis section provided later in this work, will make
all these things much more comprehensible to American readers.
Overview
One
of the best introductions to the significance of the Iceland
crisis comes from the Alex Jones interview on 9 March 2010 with
Birgitta Jonsdottir, Member of Parliament, available both on
YouTube and in transcript
form. I also encourage the reader to also look at the transcript
page I have prepared for Birgitta Jonsdottir's 12 March 2010
interview
with Max Keiser. First,
let us start with the opening of the Alex
Jones interview:
Alex Jones: The entire world
is watching what has just happened in Iceland. Goldman Sachs
and others went in, in the last five years, got the country
deep in debt in derivatives, knowing that they were going
to implode the derivatives. This is just the wealth they get
with all this fiat, financial, Madoff,
Ponzi scheme garbage. It is that once it implodes, the banks
come in and loan more money to the government, literally indenturing
the people as slaves. And the whole world is watching because
Greece --the people are revolting, and ten years ago Goldman
Sachs went in, set up a system, got them deep in debt. The
banks got rich off of it. Now they are saying the roads, the
infrastructure, the famous places, the islands must be given
to the private bankers. Top Democratic and Republican lawmakers
are saying the same thing is now going to happen here, where
a year and a half into the banker takeover of October 2008,
the financial terrorism --or they said, "Give us unlimited
trillions or we will have a depression. We are going to use
it to unfreeze the mortgage market." And then they clamp
down on the mortgage market even more, hoarded the money,
and they won't say where the money went. So here is the headline:
"Iceland
votes `No' to Debt Deal for Collapsed Bank." Now
a year ago they declared anti-terror powers on Iceland, froze
people's bank accounts, would not let them get their own money
out, saying "Your money is ours," for the Dutch,
British, and U.S. banks. And Birgitta Jonsdottir and others
ran for office. She is the current chairman of the Civic Movement
parliamentary group on the Icelandic Parliament, leading the
charge against these people. They have got other initiatives
to make themselves a free press zone against the shut-down
of the Internet.... [Link here
to more of this interview transcript].
In
her 12 March 2010 interview
with Max Keiser, Birgitta Jonsdottir explored the global implications
of the crisis:
Max Keiser: Do you see any
connection with what is going on in Greece right now? Birgitta: Yes, and I certainly hope that
this national referendum in Iceland will be an encouragement
for the people of Greece and for the people of Ireland and
the people in the U.S. to demand, to have national referendums
on such issues as bailout and moving private debt on to taxpayers. Keiser: So perhaps part of the motivation
for the UK government to keep applying pressure to Iceland
is a way to show some strength against their own population,
demanding some kind of referendum, and for there to be some
kind of return of the money that was stolen from them from
their own banking terrorists. [Link here
for more of this interview transcript].
Wikipedia article "2008-2010
Icelandic Financial Crisis" caption: "The value
of the OMX Iceland 15 from January 1998 to October 2008."
At the height of this Icelandic stock market bubble, over 75%
of the total market value consisted of the three major banks.
"How
Iceland Collapsed" by the Wall Street Journal.
Caption: "WSJ's Andy Jordan examines how Iceland's
economic miracle came to an abrupt end and explains why the
world should care about the collapse of the small country's
financial system."
Since
this collapse [Oct 2008], the Icelandic stock exchange has
plummeted, the Icelandic crown [Krona] has lost one-half of
its value, and the unemployment rate rose 60% from October
to November. The sudden halt of major construction projects
-- including what was to be an iconic opera house -- has caused
foreign workers to flee the country in droves. Automobile
sales have nearly stopped, and massive residential foreclosures
loom. One-third of Icelanders have indicated that they are
considering leaving the island.
The financial crash in Iceland in 6 minutes according
to ABC´s 20/20, June 2009 (6:10): Caption: "... At
the peak of Iceland's boom, Stefan Alfsson left his fishing
boat and started trading commodities for an investment bank.
`We could do more,' he said. "I got a bigger house, bigger
and more cars, better snowmobiles." Then a modern saga
began to unfold -- that of a nation of fishermen who became
millionaires, only to lose it all and return to the seas."
"Las Vegas" and "Hollywood" come
to Iceland, only here the movie poster's "jackpot"
and "come and get it" phrase refer to a large percentage
of Iceland's GDP, bigger than anything the central banks of
Iceland, the UK, the Netherlands, and other countries were willing
to handle. Indeed, the "fastest guns" --George Soros,
Lehman Brothers, IMF, and Rothschild-controlled City of London--
said "Come and Get It!"
Top:
Satire on President George W. Bush by artist David
Dees, suggesting that "American" black ops and
intrigue have been far more pervasive than anything to do with
just George Soros and Iceland. Bottom: Wikipedia photo
of David Oddsson in the White House in July 2004, shaking hands
with a New World Order creature posturing as President of the
United States.
1. He wanted all the praise so he has to
accept the blame. Within 50 years of ridding itself of a foreign
monarch, the King of Denmark, Iceland had something close
to its own. He went about changing a closed, regulated society
and throwing it onto the free market of everything. Unfortunately
he wanted complete control of where the wealth and power was
supposed to go. He could have become a JFK but ended up a
George W. Bush. You can throw Political Science Professor
at the University of Iceland, Hannes Holmstein Gissurarson
into the mix with David as they are attached lips to butt
anyways. Retired for now, supposed to be writing his memoirs.
Quite a few dinosaurs and Independence Partyjugend would like
to see a return to politics. One of incredibly many top Icelandic
politicians to battle cancer in the last decade.
Ironically,
as recently as 2007, many treated Oddsson like a demigod of
an alleged "Nordic Tiger." Take for example Join Dr.
Steve Sjuggerud's June 2-8, 2007 Newsletter "This
insider’s expedition to Discover Iceland:"
...With
Prime Minister David Oddsson leading the charge, Iceland has
miraculously transformed itself from a Socialist to a Capitalist
state …in a handful of years. Oddsson lowered corporate
taxes from 30% to 18%. He literally created financial markets
(the stock market began in 1993). He cut red tape and took
the government out of industries it didn’t belong in. The
economy responded by growing at a crazy rate. Unemployment
hit an astoundingly low 1% in 2001 and have stayed low. Wages
have risen significantly across the board, with GDP now well
over $30,000 per person. Oddsson has worked all these “miracles”
and yet, by cutting spending and selling state-owned industries,
the Iceland government can be debt free in three years, if
it decided to.
Oddsson
symbolizes that part of Iceland's top leadership which became
infatuated with a perverse brand of anarcho-libertarian ideology
promoted by American Zionist neocons. As I will explain later,
this version contrasts sharply with the Old Right brand of American
libertarianism of 18th and 19th century Americans such as Thomas
Jefferson, James Mason, and Henry Calhoun. This
neocon brand of "libertarianism" is blind to ethnic,
racial, and national differences, and could care less about
causing Nordic Icelanders to lose their cultural, political,
and ethnic popular sovereignty by stripping away all their defenses
against foreign predators and parasites. This includes dropping
all defenses against Zionist "New World Order" takeover. In
the real world, achieving long term economic and social success
involves a much more complicated process than simply fulfilling
the anarcho-libertarian obsession with "privatizing everything."
That is, taking economic assets and putting them up for sale
to the entire world. After all, trading the use of assets for
quick cash to stimulate quick economic activity is exactly what
a woman does with her own body when she poses naked for pornographers
or stands on a street corner to do tricks as a prostitute. Oddsson's
role in the debacle not only illustrates the limitations of
anarcho-libertarian ideology--but also reinforces points I made
in Chapter
29 of the Mission of Conscience series where I
explain how Congressman Ron Paul's own brand of anarcho-libertarian
ideology --also a mishmash of both contemporary "neo-con"
and "Old Right" -- may be "necessary but not
sufficient" in providing answers for America's current
crises.
"Soros:
Republic Enemy #1: Illegal Market Manipulation, Felony Insider
Trading, Villain, Currency collapses" by
Jim O'Neill Tuesday, Canada Free Press, September 15,
2009, comments: "What we have in Soros, is a multi-billionaire
atheist, with skewed moral values, and a sociopath’s lack
of conscience. He considers himself to be a world class philosopher,
despises capitalism, and just loves social engineering....Soros
is a real life version of Dr. Evil..."
The "Bad"
This
consists of "Circle Z," the Dark Ring of Zionist plutocrats
who dominate the City of London, New York City, and Tel Aviv,
starring such Rothschild front men as George Soros (see the Madsen
reports on Soros in Iceland in Part
2, Act II), Alistair Darling (UK Chancellor of the Exchequer),
and the Goldman Sachs gang in New York City. See deep background
on "Circle Z" in "Chapter
5: Profiling the Opposing Forces" of my Mission of
Conscience Trilogy. Also, in "Chapter
33: Wall Street Coup de Etat," I expose high level banker
"false flag" operations and quote from "Economic
9-11: Did Lehman Brothers Fall or Was It Pushed?" by
Los Angeles attorney Ellen Brown, who explains how Alistair Darling
"pulled the trigger" on Northern Rock (2007) and Lehman
Brothers (Sept. 2008) before doing the same thing to Iceland in
October 2008. Darling, Rothschild & Co. invoked anti-terror
laws, froze accounts, and declared Iceland bankrupt in global
media, creating a "run" on Icelandic banks and a self-fulfilling
disaster prophecy. They selectively denied Icelandic banks and
Lehman Brothers liquidity --while granting it for Goldman Sachs,
JP Morgan Chase, Citibank and other cronies. Paul Joseph Watson
noted in his article "Cost
Of Bailout Hits A Whopping $24 Trillion Dollars;" $80,000
for every American, PrisonPlanet.com, 30 July 2009, that top
global bankers are happy to unmercifully soak the U.S. taxpayer.
Icelanders can sorrowfully refrain to their American counterparts
"Join the club."
Left: British propaganda leaflet depicting Vidkun Quisling as
a traitor. Caption in Norwegian "Quisling's conduct has
brought him disgrace and contempt." Quisling declared himself
head of state as a loyal subordinate to Adolf Hitler on April
9, 1940, the day the Nazis invaded Norway, even though his political
party Nasjonal Samling never got more than 5% of the national
vote. Quisling was executed in Norway after WWII for his treason,
but when will Zionist fifth columnists in Nordic countries ever
receive the same justice? Right: American Robber Baron and Rothschild
front man John D. Rockefeller for whom "competition
is a sin," satirized in a 1901 Puck cartoon.
Did Iceland get its own versions of both Quisling and Rockefeller?
5.
Bankrupt a shipping company, run a few risky and failing businesses,
go to post-communist Russia and make a buck, get a loan from
a newly privatized bank to buy another bank because you are
acceptable to the Independence Party, line the bank’s
top positions with the Party’s favorite sons and daughters,
run it almost to the ground, start a shady pyramid scheme
called IceSave, destroy the lives of your countrymen and then
ask for a discount on your loans. Last year Bjorgolfur Thor
said that he had acquired all money could buy and now he was
most concerned about leaving a great reputation. Might qualify
for any worldwide list of top ten disastrous businessmen.
Are now being battered from all sides, which is not surprising
as they owe more money than the population of Central America.
Recently asked for a discount on the loan they took from Bunadarbankinn
to pay for Landsbankinn in the beginning, probably challenging
the world record for chutzpah. Will probably continue to live
in luxury with the money they’ve got stashed away in
tax-havens.
Based
upon their probable Russian [Jewish] mafia connections, as documented
by the Icelandic Review and other eminent sources,
and their likely City of London affiliations, there is another
area where the "two Bjorgolfurs" could possibly rate
ahead of even David Oddsson on the "Top
Ten List." They may have willingly served as "Manchurian
candidates" to infiltrate, destabilize, and ultimately
enslave Iceland to the "New World Order," just like
John D. Rockefeller once served as a Rothschild front man to
help take over America. (See Chapter
10 of Eustace Mullin's work Murder by Injection).
Dodgy
leaders with shady backgrounds are all too common these days,
to include U.S. President Barry Soetero (aka Barack Hussein
Obama II) a suspected Mossad-CIA front man (See Chapter
35: "The Election of `Bush in Blackface'" and
my Obama
Nation web page). According to U.S. attorney Phil Berg,
Barry Soetero was adopted in Indonesia, thereby forfeiting any
claim to "natural born" U.S. citizenship status and
hence any right to become President of the United States under
the U.S. Constitution. According to Alex Jones, "Obama"
also violated
Section 9 of the U.S. Constitution and committed a felony
when as U.S. President he accepted chairmanship of the U.N.
Security Council.
A Quick Aside
In
this work I say many very critical things about America's current
political leaders. However, I do not want to give the reader
the impression that I think all American leaders are evil. To
the contrary, America has had some very good leaders in the
past who have reflected traditional American conservative core
values.
Henry Ford
Henry
Ford and Walt Disney are two good examples. Henry Ford not only
led the world in technological and manufacturing innovation,
but also cast new
light on what he called "America's foremost problem"
in his 1920's work The
International Jew series. This masterpiece identifies
high level criminal patterns that have been more recently repeated
in Iceland. One can also get a good sense of Ford's conservative
values through his Introduction
(and my Foreword)
to his classic work
My Life and Work. Walt
Disney promoted family values and a reverence for European folk
traditions through his Disney characters at a time when Jewish-controlled
Hollywood revealed its tendency to push the envelop on "cultural
Marxism," XXX
pornography, pedophile
protection, and other forms of decadence. Hollywood very
openly and actively encouraged hatred for all things German
beginning with its 1933 declaration war on Germany. (See the
1933 Daily Express headline "Judea Declares War
on Germany," in the article "Revenge
of the Neanderthal" by Willis Carto, May/June 2010
Barnes
Review
special issue).
"Jewish
Professor Says Porn Industry is a Weapon used by Jews
Against Gentiles," davidduke.com, 2/26/2007,
caption: "Jewish Professor of American History at
Aberdeen University in UK, Prof. Nathan Abrams. He boasts
that Jews were the driving force of the modern pornographic
industry and that their motivation is in part to destroy
Gentile morals."
Ford
and Disney probably felt as deep a personal animosity towards
Zionists as Richard Nixon and Rev. Billy Graham (Please see
their recorded phone conversation in the first part of the YouTube
segment "Should
Christians Support Israel" also embedded in Part
5 of this work). Nevertheless, they offered a balance between
creative problem solving and conservative values that did tremendous
good for America. More
on Walt Disney's behind-the-scenes value conflicts with "Judea"
in Appendix
V of Part
6.
`Walt
Disney' by Neal Gabler, New York Times, 3 Dec 2006
caption: "Vice President Richard Nixon and family at Disneyland,
June 1959; Walt Disney is at right, and Art Linkletter in the
bubble on top."
"I
spoke to a man at the International Monetary Fund [IMF] who had
been flown in to Reykjavík ... Iceland was entirely new
to his experience ... historically rational human beings who had
organized themselves to commit one of the single greatest acts
of madness in financial history. `You have to understand,”
he told me, “Iceland is no longer a country. It is a hedge
fund.'” 
Top:
Satire on President George W. Bush by artist 
at
the Battle of Cowpens, S. Carolina, 1781