When was the last time you heard about Iceland?

Remember them? The people in the small country on a large volcanic rock in the northern Atlantic Ocean that rounded up their bankers, through them in jail, and declared a debt jubilee?

I have to admit, that I haven't heard about them recently either, until Mr. B.H. sent along the following article, and there are a couple of things that caught my eye and fuel my imagination. As always, my approach here is "assume this story is true" for the sake of some high octane speculation of the day:

All Debts Of Island's Population Are Forgiven By The Government

Now, of course, the first thing that caught my eye was the fact that, apparently, there's almost a complete news media blackout in the USSA by the corporate controlled media, and of course by implication, the major search engines:

As good as an approach that this is it is now being alleged that the US Rothschild Controlled Media has apparently completely blacked out any news involving Iceland's debt forgiveness. Attempting to search Iceland's mortgage debt forgiveness only leads to about 359,000 search results with none of them being from the United States. Neither major or minor news outlets mention a single word about Iceland's decision.
Now, of course, we don't know for certain how much, if any, debt the Rottenchild network held in Iceland, but we take the point: someone somewhere doesn't want anyone looking at Iceland. We all know why, for I suspect few readers of this website would contemplate the picture of a Darth Soros, or a Rockefailure, or a Rottenchild behind bars with anything less than a smile on their face. The same, I suspect, holds true for the current crop of "associates", the Geitners, Yellens, and Draghis of the world. Probably, someone, somewhere, is leaning over a table with their beer or coffee talking to someone else and wondering how these people can be Dominique Strauss-Kahned.
The idea of a debt jubilee itself is slowly and steadily gaining strength. And it's an idea worth considering, for recall, its origins stem from Mesopotamia(as I outlined in Babylon's Banksters), when private debts grew to the point that they could not be repaid. This led to the jubilee year and the ceremony of the "Breaking of the Tablets", when the king would ceremonially break the tablets containing contracts and debts. The reason? When debts could no longer be repaid, people simply left the country to start over somewhere else.  Now, however, in the wake of the bubble-bailout cycle that culminated in 2008, we're told that the derivatives alone represented over 14-17 quadrillion dollars, several times more than the domestic product of the entire planet. It's a nice way for the Rockefailures Soroses and Rottenchilds to enslave several generations.
But there was another statement toward the end of the article that caught my eye, and that fuels today's high octane speculation. It was this:
The US government apparently owns 96% of bad loans, while major banking only owns about 3% of bad loans. This poor allocation leads to US government guaranteeing to collapse, while big banks stay rich and do not have to worry about ever foreclosing on themselves.
I couldn't help but think of former Housing and Urban Development assistant secretary Catherine Austin Fitts' model of rolling out the new financial system, which she has described as the "financial coup d'etat," wherein all the liabilities were moved off the books of the banks, and into the public(government) sector, while all the assets were moved from the latter to the former.
Nifty, huh?
Ok, so what? Where's the high octane speculation in this? Well, try this on for size: imagine you want to sell the idea of a completely cashless society (which of course, really isn't cashless, it's merely a way of protecting your currency issuance central banking cartel). How would one sell the idea? Through a debt jubilee: use our system of blockchain or virtual currency, and all  your debts are forgiven. Only those continuing to use cash will have their debts retained. The "reset jubilee" button coupled to cashlessness... really, if one thinks about it, it's an interesting way to get rid of all that "bad paper" on the ledgers, and I wouldn't put it past them.
See you on the flip side...

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. remibeni on May 16, 2017 at 6:23 am

    I received your blog last night regarding a possible Icelandic debt jubilee. I did some searching around the internet and found nothing to confirm, a total black out here in the USA if it were true. I couldn’t stand not knowing. As I have been jousting with Bank “against” American for almost 8 years.

    I phoned the Hotel Ranga this afternoon in Iceland and spoke with the woman who answered the phone. She was kind and patient. I told her Iceland is famous in the USA for jailing criminal bankers. I also shared with I told her of the quiet news of debt forgiveness in Iceland and she giggled a bit. She responded by saying; said yes we jail some bankers, but i know nothing of debt forgiveness. There is not debt forgiveness here.

    I also phoned a restaurant named Fiskmarkaourinn where the gentleman who answered sounded more like an American in his response to the same comment and question. “He said I wouldn’t really know. I don’t follow politics.” This made me laugh inside as I had this view that all 320,000 people in Iceland were politically active.

    I also phoned this restaurant – Apotek Restaurant. The gentleman I spoke with indicated that there was some debt forgiveness, but not necessarily for the working class. He indicated that much of the forgiveness was for people who already had too much, the very wealthy. I explained to him the trickery of loan modification here in the USA. I think he understood and responded by saying “YES, it was more of that sort of trickery”.

    He closed by saying there is nothing you find on the internet to be black and white. He went on to say that although Iceland did jail some bankers, it did not jail enough of them.

    • OrigensChild on May 16, 2017 at 7:21 am

      Thank you and others for setting this record straight. I, too, found nothing. But as Catherine Fitts has often said, debt forgiveness would stimulate the economy far more than bailing out banks–unless the “bailout” was something very different than what was originally sold to the public. Here in the US the game played by corporations is to shift all healthcare, retirement and training liabilities back to the government and put into place a cheaper, leaner, hungry work force. Fascism is alive and well in the United Socialist States of the Americas.

    • Joseph P. Farrell on May 16, 2017 at 11:49 am

      Thanks Ron and others for tracking it down!!!

  2. Hawkeye Lockhart on May 13, 2017 at 2:32 pm

    Well, one only needs to peruse the comment section to get a reality check from actual Icelanders, to wit: (very surprised this was not researched a wee-bit further, because of course native locals would weigh in….)
    ICE • a year ago
    Icelander here, this is baaad reporting LOL (we’re still in the shit with debts those banksters left us)
    The Saint • a year ago
    Hardly. During the last financial crisis Iceland forgave debt that exceed 110% of the value of real estate. Not the entire mortgage. Geez. Quit with the false sensationalism.
    Thorkell Gudnason • a year ago
    “A good story should never suffer the truth”, is a saying here in Iceland.
    Þorsteinn Halldórsson • a year ago
    What a lousy and stupid article, I live there and nothing here is true….get your fact instead of making them up….
    Árni Steingrímur Sigurðsson • a year ago
    This is a rubbish story. I’m from Iceland and the reason why no articles on debt forgiveness come from googling the term is because it didn’t happen. I should know because I still owe the mortgage. There was a debt reduction plan that was only beneficial for the most wealthy and provided tax relief if you chose to use your pension to reduce the principal.
    Borsteinn Sigurðsson • a year ago
    Hi, sorry but there was no debt forgiveness because there was no debt to
    begin with. The IceSafe issue was an attempt spearheaded by the british and dutch crowns to illegally put a debt on the icelandic state (and therefore
    nation) that belonged to a private enterprise that already had accepted
    legal insurance schemes in place.
    Sebastian Mäki • a year ago
    Looks like mainstream media did well as the claim in this article is false. Was the intention of this article to cast alternative media in a bad light or was it just born out of ignorance?


    • Joseph P. Farrell on May 16, 2017 at 11:51 am

      The trouble with being a one man show and combing through emails everyday is that I haven’t much time to do that… which is why my approach is “assume it to be so for some high octane speculation.” It’s really the speculation part – if such and such is so then why? – that interests me here.

  3. Robert Barricklow on May 12, 2017 at 4:46 pm

    My two comments here
    can join the comment I made on today’s post.
    [misery loves company].
    This is a symptom of enforced monoculture imposed by 21st Century straightjacketed copyright laws, trolls, and other purposed handcuffs on the free flow of information. “They” want a tool booth information freeway; built for Model-T speeds – in other words, the TPTB’s idea of progress as the reality they manufacture.

    • Robert Barricklow on May 12, 2017 at 5:03 pm

      and distribution monopoly[the word escapes me?
      msnomy or other?]

  4. zendogbreath on May 10, 2017 at 10:53 pm

    what exactly is going on in iceland? not having heard anything (while having heard so much bad about everywhere else) is making iceland sound a better and better place to expatriate to. the thought came to mind the first time i read anything of their holding banksters accountable and not bailing out their failed banks. anyone have any decent news sources that are not providing a strictly mr global point of view?

  5. Pierre on May 10, 2017 at 10:16 pm

    yes we need a new ice age to get us all huddling masses together (like in the London underground during the blitz), to chat about the way things are, to read and swap books (Fahrenheit 451 style, by memory, if books are banned) and then to go Berserker , again. Rothschildslandia has only prospered (got away with it) because of the industrial revolution that we, or some of us, have invented and invested in (and suffered certain side effects from), and perhaps some magic that got Nathan the advantage on Napoleon’s Loss , nee Victory. The Nazis (via Vichy France) let a Rothschild get away back to good ol’ England after a temporary incarceration. Iceland 3 Nazis 0.

  6. Robert Barricklow on May 10, 2017 at 7:05 pm

    When I first read it I thought of a power outage.
    You know, they will make an example of anyone who DARES to question they’re divine right to an almighty absolute rule, when it comes to their “hidden” private money monopoly.
    [also the “hidden” security state connections worldwide]

  7. Robert Barricklow on May 10, 2017 at 6:39 pm

    I’ve now read the article[made comments previously]…
    Steve Keen has the solution backed by many REAL economist, including THE economist Michael Hudson. His solution is the central banks create a large sum[use standard model: create out of thin air] to put into EVERYONE’S account! Debtors would be required to use their gift to pay down the debt. Non-debtors would keep the transfer payment-so as to not let demagogic political opponents accuse this plan of awarding the profligate.

    • Robert Barricklow on May 10, 2017 at 6:45 pm

      If this solution is not taken, debtors will continue to lumber under debt and tax conditions where only about a third of their nominal wages are available to spend on goods and services that labor produces. This circular flow between producers and consumers will shrink-being siphoned off by debt service and government taxes to bailout bankers instead of their victims.

      Keen’s solution, of course, requires an Economic of the Future – that is, Reality Economics.

  8. Robert Barricklow on May 10, 2017 at 6:09 pm

    My first two comments were moderated.
    As I wrote and predicted.

    • Robert Barricklow on May 10, 2017 at 6:11 pm

      …in each case, I stated I hadn’t even read the article;
      the title said it all…

    • Robert Barricklow on May 10, 2017 at 6:16 pm

      My, my
      what a touchy, touchy moderator bot.
      So touchy, touchy, you’d think its a female chow wow.
      Loosing count of how many comments sent to the principal.
      [of course, I haven’t even read the assignment]

  9. Robert Barricklow on May 10, 2017 at 6:08 pm

    Before even reading the article/I said I’d be moderated – because the private money cartel won’t put up with ANY entity that DARES challenge its supremacy.
    That was moderated;
    this comment more concise[short].
    It should make it…. ?

  10. Robert Barricklow on May 10, 2017 at 6:03 pm

    Before I even read, I can tell by the title that this is moderator territory. This private money cartel is the mother of all cartels. Even the National Security runs on money The military may run on oil[for façade wars]; but it needs money for those black op options of zero energy]. The list is endless. So ANY challenge to THE cartel is either bought by silver, or buried in lead[darkness].

  11. anakephalaiosis on May 10, 2017 at 12:59 pm

    Relations between Allied forces and the population of Iceland.

  12. Lost on May 10, 2017 at 12:06 pm

    Snopes says this is false, that’s from Feb. 2016.

    And references to these claims are incredibly easy to find online with a basic internet search.

    • LSM on May 11, 2017 at 12:04 pm

      Snopes was proven long ago to be a bogus, untruthfull rogue website-

      Larry in Germany

      • Joseph P. Farrell on May 16, 2017 at 1:11 pm

        The trouble with being a one man show and combing through emails everyday is that I haven’t much time to do that… which is why my approach is “assume it to be so for some high octane speculation.” It’s really the speculation part – if such and such is so then why? – that interests me here.

  13. marcos toledo on May 10, 2017 at 9:56 am

    Does anyone not see the irony of this story is on a website that is devoted to ancient aliens and UFO’s. The satire website The Onion might be the only other place on the internet we would find this story. Our media is a real life Ministry Of Truth right out of 1984.

  14. OrigensChild on May 10, 2017 at 8:10 am

    Finally, a bailout plan that works! Everyone here knows U S Inc could have saved itself trillions if it had paid off mortgages rather than paying ransom payments to banks for the bad loans. The shroud of secrecy surrounding that whole thing leads me to the conclusion there was something analogous to a rotting corpse under that monetary blanket. Thus far, Catherine Fitts explanation is the only one that makes sense of the data. After this, I do wonder if they have been added Iceland to the list for destruction now… I wonder what their immigration patterns look like…

  15. WalkingDead on May 10, 2017 at 7:53 am

    The Babylonian banking system works totally on fraud. In order to understand just what has been going on since the US was taken off the gold standard; and all gold and silver was confiscated; and the “Federal Reserve” was created, you need to familiarize yourself with House Resolution 192 and just what your “birth certificate”
    actually is. Everything operates under the “Law Merchant” or admiralty law now. The United States does not have any employees because there is no longer a United States! No more reorganizations. After over 200 years of bankruptcy it is finally over. (Executive Order 12803).
    The FCC, CIA, FBI, NASA and all of the other alphabet gangs were never part of the U.S. government, even though the “U.S. Government” held stock in the agencies. (U.S. v Strang, 254 US491 Lewis v. US, 680 F.2nd, 1239).
    The United States has NOT had a Treasury since 1921 (41 Stat. Ch 214 page 654).
    The U.S. Treasury is now the IMF (International Monetary Fund) (Presidential Documents Volume 24-No. 4 page 113, 22 U.S.C. 285-2887).

    • WalkingDead on May 10, 2017 at 7:58 am

      Ignorance of the law is no excuse. We have been kept intentionally ignorant of how the “banking system” works and the actual history of just why it works the way it does. It’s never been up to the “government” to educate you on these matters; it has ALWAYS been your responsibility to educate yourself in these matters.

      • Phil the Thrill on May 10, 2017 at 9:50 am

        We are on the same wavelength, Mr. Dead. My original reply landed in moderation; let’s see if it escapes. I don’t use potty language, but the subject matter must touch a nerve somewhere.

        • Phil the Thrill on May 10, 2017 at 9:53 am

          This is an experiment. Titles of Nobility amendment.

          • Kahlypso on May 10, 2017 at 4:35 pm

            it was the ti t.. gets sent to moderation

        • Phil the Thrill on May 10, 2017 at 10:01 am

          Aha! I found which words I used to land my comment in moderation. People, dig up all the info you can on the tie-tulls of noe bill itty amen dment to the US cons titution. It was properly rat ified in the early 1800s, and has never been re pealed.

    • Phil the Thrill on May 10, 2017 at 9:39 am

      That is correct, Mr. Dead. Our government-issued IDs represent a corporation of one, a fictitious business name, spelled like our name but in all CAPITAL letters, which the government created, administrates, and has tricked many of us into believing, is actually ourselves: MARY JANE DOE. Our US citizenship is a form of adhesion contract, the kind which you are presumed to agree to unless you opt out. The IRS is firmly on record as saying the payment of federal taxes is VOLUNTARY, not compulsory. It is a chore to dig up information on the original 13th amendment to the Constitution (the “Titles of Nobility” amendment, which prohibits lawyers, among others, from serving in any branch of the federal government), and also the Act of 1871, whereby the federal government was incorporated; but it is out there. The US “government” is a complete fraud; the members of Congress are the serving officers on the board of a privately owned, for-profit corporation.
      Has anyone ever noticed that, every time we interact with the government, it wants us to confirm our birth date, and swear under penalty of perjury that our birth date is true and correct? I was not cognizant of what day and time I slid down the chute; I will never know, firsthand. I cannot honestly swear I know I was born on my birthday. And besides, Jesus said not to swear anyway.

      • Kahlypso on May 12, 2017 at 8:39 am

        Hi Phil – it has nothing to do with creating a strawman or false business.. Although Im sure the bankers under Rothechild certainly use it that way.
        It has more to do with naming you and having the name recognised.
        I cant go into it on a public forum, but look this way.. When you (supposedly) conjure a demon, you have power of him via his NAME.
        Remember just HOW occultist the PTB are.. Remember also (lots of rememebering to do 🙂 .. the greatest King ever.. Solomon himself was said to have written the strongest keys in Caballistic Magic.

        • Phil the Thrill on May 13, 2017 at 12:57 am

          Hmmmmm. Very interesting. Seems like this Solomon fellah liked to grab tigers by the tails. Well, you can only swing ’em round and round for so long, before your arms get tired.

    • Robert Barricklow on May 10, 2017 at 6:58 pm

      I read a book on that, and it consistently quoted from Admiralty Law, or Maritime Law. The book went into all the NWO shenanigans from ancient time to now; later focused on this law when the U.S. as being formed from the same British Admiralty cloth.

  16. anakephalaiosis on May 10, 2017 at 7:34 am

    I happened to be in the area at the peak of crisis in 2008-10. The bubble started with an Icelandic state visit in Faroe Islands in 2001. The president had special permission from the Danish monarch. A deal was made between Faroese and Icelandic banks and fishing industry. They started to borrow money on the fishing quotas.

    I was approached by someone working for Interpol, who told me about the “Russian” mafia connection. I got many threats, was beaten up couple of times and slaughtered by the newspapers. In later years there are speculations, that the Icelandic bubble was a money laundry operation.

    Fortunes from hidden bank accounts since the crisis have been surfacing, and the Icelandic banksters have returned to the roulette. All Icelandic media is CIA controlled, and there is an ongoing attempt to silence any opposition. The islanders are unfortunately extremely brainwashed by Hollywood.

    With CIA in the cross hairs, Nordic patriots need not to be told to pull the trigger.

  17. DanaThomas on May 10, 2017 at 6:55 am

    This seems to refer to the 2012 news of partial mortgage debt “forgiveness” (hate that word that cu nnin gly makes debt sound like a “sin”). News that Snoops rushed to “debunk” so it must have been worrying. As far as I can tell, there have been follow-up measures, and Icelandic Finance Minister has certainly spoken out on many occasions. There DOES seem to be some algorithm sabotage on this issue by search engines, and with a little patience snippets of news turn up; time consuming, because even articles listed as having just been posted often refer quite far back, even several years.

  18. basta on May 10, 2017 at 6:08 am

    I understand ISIS has recently infiltrated Iceland and the security situation is growing grimmer by the minute. They’ve apparently brought in stolen, nuclear-tipped bottle rockets from Gaza.

    Time to send a carrier task force or two and flatten them before the situation gets further out of hand.


    • Vomito Blanco on May 10, 2017 at 9:25 am

      I was thinking the same thing, Basta. I’m still shocked Icelanders have yet to be punished for their impudence. My guess is the fallout from a “natural” disaster would impact NY and London, either via the volcanic ash or tsunami so this has been ruled out. But the option to punish them with an ISIS attack seems very feasible and geopolitically advantageous all around as ISIS could use biological or chemical weapons they procure from North Korea or their shia enemies in Iran. The whole population of Iceland could be exterminated and to make sure nothing good ever flourishes on this majestic, tiny island ever again, they could salt the island with muslim immigrants from Africa… who would no doubt resort to cannibalism in a week when they show up and their is no white host to roll out the red welfare carpet for them.

      • Phil the Thrill on May 10, 2017 at 9:43 am

        ISIS terrorists can’t swim and are actually afraid of the water. Even if you provide them with those blow-up arm floaty thingies.

Help the Community Grow

Please understand a donation is a gift and does not confer membership or license to audiobooks. To become a paid member, visit member registration.

Upcoming Events