Start A Petition


US Politics & Gov't  (tags: cover-up, dishonesty, corruption, congress, Media black-out )

- 2457 days ago -
The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland's DEBT FORGIVENESS. If you Google "ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT" you will get 'About 359,000 Results'.


We hate spam. We do not sell or share the email addresses you provide.


Barbara W (342)
Sunday April 29, 2012, 10:31 am
"Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORED any news about Iceland’s DEBT FORGIVENESS.

If you Google “ICELAND FORGIVES ENTIRE POPULATION OF MORTGAGE DEBT” you will get ‘About 359,000 Results’. Not one of them is a Media Outlet in the US. Not one single Major or Minor news outlet in America has mentioned a single word about this story.

This is TOTAL MEDIA CENSORSHIP and a TOTAL MEDIA BLACKOUT, and it should tell you who owns and runs the Media in America.

BANKERS. Foreign Bankers.

We are allowed to see a tortured, bleeding, dying Gaddafi anywhere, but we are not allowed to know about Debt Forgiveness.

If you Google “DEBT FORGIVENESS” About 1 million 850 results. Not one of them talks about forgiving debt. Okay, 1 does.
But still, out of over a million and a half results.

The MAINSTREAM MEDIA totally censors anything to do with Debt Forgiveness." More at link...

Barbara W (342)
Sunday April 29, 2012, 10:34 am
Iceland Forces Mortgage Debt Forgiveness Of Its Population - USA,World Do The Same!

Icelandic Anger Brings Debt Forgiveness in Best Recovery Story By Omar R. Valdimarsson

Barbara W (342)
Sunday April 29, 2012, 10:39 am
Excerpt: "The IMF said such policies can substantially mitigate the negative effect of household deleveraging on economic activity.

The report noted the well established link between high levels of household debt run up during a housing boom, and the effect of a high debt overhang on economic recovery.

It found that countries, like Ireland, that saw house prices and household borrowing skyrocket, saw a longer than average period of recession after the bursting of the housing bubble.

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further." More at link.

The IMF has said that targeted household debt reduction policies can deliver significant economic benefits.


Barbara W (342)
Sunday April 29, 2012, 10:42 am
If any story needed to go viral it's this one.. American's have been duped and cheated by the very same gr$$dy banksters in this story. Why did the media conveniently not mention this important story? I think we all know the answer to that "QUESTION"


Barbara W (342)
Sunday April 29, 2012, 10:46 am
PLEASE SHARE! Americans need all the help they can get to drive off the corrupt creditors


Sue H (7)
Sunday April 29, 2012, 10:55 am
I guess I'm simple, I don't understand what could possibly be so threatening about this that it's not being reported?? Iceland has the right to do what it wants with it's finances and the whole world should be able to know. ??

Barbara W (342)
Sunday April 29, 2012, 11:22 am
Sue the threat is this story, debt forgiveness, is something that can catch on here in America and that contagion could upset Wall Streets apple cart! Debt forgiveness? Hell Americans get a bankruptcy bill several years ago that has the potential to be very abusive should you not have a good attorney.

Debt forgiveness! Now where have I heard this before. Hello America! Hello CHRISTIANS! It's biblical!

Bianca D (87)
Sunday April 29, 2012, 11:30 am
Noted and shared.
Sue H. Good questions. The problem for the *lenders* (World Bank, IMF, etc.) is that if the lendee refuses to recognize the debt, it'll never be paid and represents a loss for the lender. In fact, a loss that's bigger than the original loan owing to the fractional lending and leveraging practices; i.e. lend $1000, and as long is the debt is outstanding (and still acknowledged by all involved) the lender can then lend 90% of that amount again $900, and so on, essentially converting a $1000 loan into thousands of dollars in outstanding capital (by their weird math), making them on paper/digitally richer and richer, even though the money doesn't actually exist anywhere.

You can get more info about this from the movie Thrive... (; click on Watch Now). It's free. The first part of it is about geometry and energy which doesn't seem related at all, and then it goes on to explore the reasons energy alternatives have not been developed in the world, arriving at the conclusion that very strong "interests" are doing everything they can to prevent inexpensive and free alternatives from becoming aviailable to keep individuals societies permanently in debt and therfore controllable. Much more eloquently presented in the film, and with lots and lots of examples and interesting data.

Henriette Matthijssen (154)
Sunday April 29, 2012, 12:19 pm
The Federal Reserve needs to be dismantle NOW, those who profit at the expense & the sweat of all others are the few at the top who are stealing, since they collect interest on nothing. Money is created out or thin air. This is a crime on the world & all of humanity! Secondly, all wars must end NOW as this benefits those who support both sides & you know now who they all are, none of us, indebtding us all into slaves & poverty for them to push the NWO. None of us are the terrorist, we are being ruled & killed by them who are the evil one in power/control. Wake up everyone. All news outlets are owned by those evils, deceiving you with lies & deception. Thanks Barbara.

Vicky P (476)
Sunday April 29, 2012, 1:04 pm
wow, yeah, you don't hear a lot of Iceland, and this is why I guess, it might make every other country want the same thing, instead of what's happening now with obeying big companies.

Sheryl G (359)
Sunday April 29, 2012, 2:55 pm
Back when this crisis was all taking place, there were news stories on that Iceland was going to handle this in a whole other way. They felt it was the banks fault, not the common people, and the bankers were to take the brunt of their misdeeds.

Iceland has protected it's people from further harm and has done right by the people who were not part of the problem to begin with. It doesn't surprise me that little news is on here about it, but I've seen some news, but then I dig for stuff.

People, you will be dragged through the gutter, allowed to die, allowed to suffer, depression set in, I've known personal stories of suicide, my friends daughters husband for one, children go hungry, Elders left at the mercy of those around them if they are lucky to have anyone, it will not stop, this is like a disease, a gambling disease, only it's with our economic future and lives.

You can beg an alcoholic to stop drinking, a gambler to stop gambling, but when they are sick, when they have full access to the money they will continue to drink and gamble. Alcoholics will destroy their families, drink the money for the childrens shoes, the gambler will spend the food money, the rent money it doesn't matter.

Those on Wall St and Banksters are the same way as the individual with additive habits. And we have a Government that is ENABLING those on Wall St and the banking industry to do so. Only if we Unite, like those of OWS will we make it stop. It's called a MASS INTERVENTION. Because they will not willingly do so on their own and they certainly don't want you to know how other got sober (Iceland).

Eternal G (736)
Sunday April 29, 2012, 4:21 pm
Heaven forbid Americans stand up for fairness! Typical..., spread!

Yvonne White (229)
Sunday April 29, 2012, 4:37 pm
Noted & shared to FB!

Angelika R (143)
Sunday April 29, 2012, 4:41 pm

"Debt forgiveness! Now where have I heard this before. Hello America! Hello CHRISTIANS! It's biblical! "

Exactly right, Barbara! "Our Father in heaven.... and forgive us our sins/ trespasses...."
The German version goes " forgive us our SCHULD" which is the translation of "debt"
...But what do those in control kow about Christianity..., they are no Christians after all...

Thanks for the important story Barbara, - its a shame, but no surprise, after your housing head even objected principle reduction

Barbara W (342)
Sunday April 29, 2012, 6:09 pm
You cannot currently send a star to Angelika because you have done so within the last week.

Arild Gone for now (174)
Monday April 30, 2012, 1:48 am
Way to go Iceland - who cares about the corrupt US media?

Past Member (0)
Monday April 30, 2012, 2:01 am
Finally, somebody does the right thing and Propaganda Minister Murdoch refuses to report it, typical.
Thank you for this story Barbara.
For those who don't really understand how the banking collapse happened:
The Secret History of the Global Financial Collapse

Abdessalam Diab (145)
Monday April 30, 2012, 3:50 am
Wall street,bankers and media owners are all one.

Carole Sarcinello (338)
Monday April 30, 2012, 7:46 am

Hmmmmmmm . . . Received the following when trying to go to the site:

"Bandwidth Limit Exceeded
The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit. Please try again later.
Apache Server at Port 80"


KS Goh (0)
Monday April 30, 2012, 7:52 am
Thanks for the article.

Elisabeth T (0)
Monday April 30, 2012, 7:55 am
Great info, what an "eye opener"...thank so much...

Elaine Pequegnat (0)
Monday April 30, 2012, 7:58 am
debt forgiveness is not even as "charitable" as it seems. With many developing countries, they are already "footing the bill" for Western countries by providing us with low-cost food, manufactured products and raw materials - in ways that destroy their own economies. And all "worked out" by bullying Western countries and the IMF

Jason S (50)
Monday April 30, 2012, 8:49 am

. (0)
Monday April 30, 2012, 9:57 am
I received the same message as Just. Thanks for this very important post Barbara. Sad how greed rules

Barbara W (342)
Monday April 30, 2012, 10:11 am
Here's another link still operating. The powers to be are working overtime to keep this story out of the mainstream.We'll see how long this link will last..

Barbara W (342)
Monday April 30, 2012, 10:12 am
Another link that's still up!

Kenneth Davies (0)
Monday April 30, 2012, 12:11 pm

Mariea G (14)
Monday April 30, 2012, 1:01 pm
Noted, shared, and Green Stars sent!

Caitlin M (104)
Monday April 30, 2012, 1:30 pm
Heaven forbid Americans might realize that there actually are countries whose governments really do care about the well being of their citizens. That's why the blackout, people! Our trusty bankers who run this country (and the internet apparently) don't want the average American to get the idea that a government can actually cancel debt if it wants to. It can make the filthy rich bankers who exploited the "American Dreamers" pay the debt instead of the poor fools who thought they might have a job still so that they could pay their outrageous mortgage amounts. Heaven forbid the little guy should get a fair shake. Oh, no, that's too un-American these days!! (And, yes, I'm an American.)

FYI: In the Lord's Prayer, the word "debts" doesn't refer to money... it refers to moral failures. The King James version uses the word "trespasses," which is a little more understandable. I'm sure somewhere in the Bible there's reference to forgiving of money debt, but it's not as referenced above here.

Kathlene Lentz (30)
Monday April 30, 2012, 1:31 pm
Shared the story on my FB page. There are some things that simply need to become known! Like Romney committing voter fraud in the 2010 special election in Massachusetts. He's a criminal and he's running for President.

Past Member (0)
Monday April 30, 2012, 2:02 pm
And how did they do this? Let's look behind the story a little. After all, money has to come from somewhere. They did it by refusing to pay out to UK and Dutch depositors in their online banks when the Icelandic government took them over. These depositors were just "ordinary people", mostly having less than £50,000 in their accounts. This engendered a diplomatic crisis between the UK and Iceland (I don't know what the Dutch did) and the UK seized Icelandic assets in the UK to the value of the losses and repaid UK depositors in full. Those assets are still not sold, as far as I'm aware, so they "belong" technically to Iceland, so all they've done is to forgive debt on the basis of assets seized - rightly - by another country. So it's still "money on paper".

Past Member (0)
Monday April 30, 2012, 2:07 pm
By the way, I've noted the story as I think it's an important one and I do think we need to know about the non-reporting of these issues. However, imagine trhe chaos if other, larger countries took Iceland's route, refusing to pay foreign depositors on the grounds of wanting to forgive mortgage debt and then having their assets seized. The world as we know it, trade, tourism, communications, etc., would come to an end.

John B (185)
Monday April 30, 2012, 2:31 pm
Noted and thanks Barbara.

Kathy Javens (104)
Monday April 30, 2012, 3:01 pm
Noted & posted to FB. This is absolutly facinating! Gee, I wonder why our government doesn`t want us to know about this??? Hmmmmm.

. (0)
Monday April 30, 2012, 3:19 pm
I'm more than confused.... home owners who have a morgage on their homes can be release from from paying off their loan if they cannot afford it.What the hell is debt forgiveness if the banks are out of luck?
Eventually, the economy cannot sustain this kind of loss. How can banks survive people who simply don't pay their debt?
I am not an economists, but I do know where money should go.

Barbara W (342)
Monday April 30, 2012, 3:41 pm
What's confusing about FRAUD ALLEN? The banks did not act in good faith! They cheated! They lied! They sold mortgages that were under water. They were under water because many of the homes these people bought were over priced. Fraud is what caused this crash!

Interest rates were indiscriminately juggled much as the credit card rates were. We bailed out banks and insurance companies but we did not bail out home owners who were cheated. We left that to the banks to correct! Just as we left the Gulf to BP to screw up! Not all home owners in default did anything wrong with the exception they trusted banks to act in good faith.

Bad faith is taking America into the abyss. Bad faith creates illegal war zones. Bad faith creates homelessness! Bad faith kills because bad faith lives everywhere that the private sector, corporations and the government huddle together behind closed doors!

What does Iceland understand that "We" do not???

Veterans have come home to find their family on the street.

Michael T (82)
Monday April 30, 2012, 3:49 pm
So why can't we offer debt forgiveness to American homeowners and students with huge loans again? Somebody please tell me.

Hartson Doak (39)
Monday April 30, 2012, 5:10 pm

Past Member (0)
Monday April 30, 2012, 5:26 pm
Michael T

For goodness sake, read the thread. I have already explained now Iceland did it and why it would be a disaster if other countries followed their lead.

Ariel P (48)
Monday April 30, 2012, 5:30 pm
I found this on Google+ and shared it, and I'm so glad the story was posted on Care2. Now I wonder why I Care2 didn't place this story where everyone could find it.

Mary Donnelly (47)
Monday April 30, 2012, 6:30 pm
Thanks for post and comments Barbara.

The results of the ex Prime Minister's trial re some of these matters are not encouraging; he was found guilty on one count out of four, after two other charges had been dropped.

Lois Jordan (63)
Monday April 30, 2012, 6:31 pm
Thanks for posting this, Barbara. It seems the people of Iceland are now "in charge" of their country. Wish we could do the same here in the US. Congress' approval rating of 9% shows that those who we elected to represent the majority of us are not doing that.

janet f (29)
Monday April 30, 2012, 7:16 pm
With a few exceptions, everyone here has a knowledge of financial markets of 2 year olds. How the hell can anyone think that forgiving all people's debts could possible be a viable alternative? Who would be responsible for paying all those bills? Would they never be paid? How would any company be able continue to do business without getting paid? How would anyone who works in the education system get paid their salary? How would any home every get built again if builders, electricians, plumbers or even banks who hold mortgages did not see the money that is owed to them? This is just a ridiculous premise.

Sophie R (22)
Monday April 30, 2012, 8:20 pm
Same for EU citizens: Never got a word about what was happening in Iceland dudes!!!

You are not the only ones being lied upon and manipulated by the mainstream media.

Yes the entire world SHOULD KNOW : let s pass it on by ourselves, when we still have an internet we can use for what we want.

Revolution starts with communication.

Barbara W (342)
Monday April 30, 2012, 8:41 pm
John following their lead is one thing. Not finding a way to create an environment where debt forgiveness can be done in America is a horse of another color.. The banking industry, the federal Reserve and the plutocrats made this mess. We have been asked to clean up their mess in the neighborhood of billions.

There should have been a program, early on, that assisted home owners according to their dilemma. After-all. The banking industry began this mess. "Where there's a will there's a way" There was no will on the part of the Congress nor this White house to do anything but give the well heeled a bail out. And then to say, as Obama did, after it was clear that fraud was "The Name Of the Game" say, "This is Yesterdays news! "We" don't need to look back, "We" need to move forward.

Tell that to the many Americans who lost much! Jobs have left America for all the wrong reasons. A fair wage was not the problem but the lack of fairness in the workplace Management & the hierarchy certainly was! And then to get the royal treatment, being a first time home owner, that only a corrupt banker can and will deliver!

There's so many fly's in this ointment it sickening. The banks did not go broke they and others have made more money this year then any time before. Now "How Did They Do That" when America's hurting? There's more to the story! And "YES" we can do more as a government of, by and for the people to assist the least of these, Period!

Wayne W (12)
Monday April 30, 2012, 9:13 pm
There's this to indicate that the reason no one is reporting on it is that it didn't happen.

Did Icelandic households receive a major debt forgiveness? "This is, unfortunately, not true."

The New York Times has Iceland's story here, including the prosecution of former prime minister, Geir H. Haarde, becoming the first country to prosecute one of its leaders over the financial crisis of 2008.:

Barbara W (342)
Monday April 30, 2012, 9:38 pm
BLOOMBERG: Feb 19, 2012 Icelandic Anger Brings Debt Forgiveness in Best Recovery Story

Ruth R (246)
Monday April 30, 2012, 10:27 pm

Ruth R (246)
Monday April 30, 2012, 10:28 pm
If it is not true -- that is not a good thing.

Norm C (74)
Tuesday May 1, 2012, 2:24 am
Iceland did some or even most of what this story says. But it did not forgive all mortgages. It has written down much or most of them.

That is still a very smart thing.

Kathleen R (138)
Tuesday May 1, 2012, 3:29 am

Phil P (94)
Tuesday May 1, 2012, 6:09 am
Great story, great comments.

Christine Linley (12)
Tuesday May 1, 2012, 11:45 am
Sadly there are lots of Icelandics putting up messages saying this is not totally correct
"This is not true. Do a little more research and you’ll discover its PART of the population. Click through to the YouTube video itself and you’ll discover the #1 comment (as of this writing says):

“I am icelandic and live in Iceland and i want to tell everyone that this is not true, a certain type of loans and their terms was corrected through the justice system but the public is basicly still struggling with the money fascists and secret societys. But not for long

Raiin Blue (72)
Tuesday May 1, 2012, 11:50 am

Beth M (138)
Tuesday May 1, 2012, 1:57 pm
Thanks for this info! I'm past angry, I'm at livid! When can Americans take back our country?

. (0)
Tuesday May 1, 2012, 2:59 pm
Debt is a tool that the wealthy use to control the poor - the idea of taking the pressure off the poor (forgiving their debt) would cause the rich to lose some of the power that they have.

Juliette Calderone (91)
Tuesday May 1, 2012, 7:51 pm
Thank you for this info Sharing.

Elize Labuschagne (181)
Wednesday May 2, 2012, 9:09 am
where does the money come from ? Just printing ?
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story

Loading Noted By...Please Wait


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in US Politics & Gov't

Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.

New to Care2? Start Here.