'GO LITTLE ICELAND' - Around 90% vote NO in Icelands debt referendum

The initial feedback I am getting from those on the ground in Iceland is, that around 90% of those that have voted, have voted NO in their Icesave debt referendum.

Thank You Mr Grimsson.

http://www.timesonline.co.uk/tol/news/world/europe/article7052532.ece

http://www.businessweek.com/news/2010-03-06/iceland-rejects-icesave-bill-in-r...

Also worth watching is this discussion between Icelands president Mr Olafur Grimsson and the BBC's lacky Jeremy Paxman.

http://www.youtube.com/watch?v=e2VuElk5_Bg

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[KoopaKabana]

WE'LL SEE YOU IN COURT.

[NowisEvollovetion]

@KoopaKabana Would that by chance be the Banker run european court?

Nations like Britain are responsible for the terrible mess the worlds financial system is now in, precisely because the allowed the controls that were placed in position to stop such an occurrence to be dismantled.

The good people of Iceland had nothing to do with the collapse of the banking industry all around the globe.

Wake up and smell the coffee.

[KoopaKabana]

Iceland needs to honour its financial obligations to both the UK and The Netherlands- expecting these two nations to pay for the faults of the Icelandic banking system is unacceptable. The Icelandic people have made a colossal mistake by voting no- credit rating will be downgraded, EU membership will rightfully be vetoed. What a mess. Your anti capitalistic views are laughable. The Icelandic taxpayer should pay for the mess their Government has created- like every other recession hit economy.

[NowisEvollovetion]

@KoopaKabana You obviously have no understanding of the workings of a capitalistic system.

For your information the 'capital' bit of capitalism actually refers to 'savings', not debt.

Our current world monetary system relies solely upon the creation and distribution of 'debt', and debt of course can never be classed as capital.

Capitalism died on the very day that all money became fiat, and purely created 'as debt'.

And as for the downgrading and EU aspects, who really cares?

[Rizky06]

@NowisEvollovetion

Once upon a time Britain was the world's reserve currency (they blew it) Once upon a time the United States was the world's reserve currency (they blew it) Once upon a time the Bank of the World was the entire world's reserve currency (they blew it ) everyone Cheered when they were no longer Fiat/Ponzi Debt Slaves!!

[FatKittensMedia]

I also want to add, there is a reason Grimsson let people vote. It is because they asked for it. And in Iceland, the public opinion matters the most.

I have not seen any huge crowds forming anywhere in the United States or the United Kingdom. Why? Maybe because you aren't as well informed as that tiny island.

Take for example the united states, the media hasn't even talked about this. At all, 0 news at cnn. One tiny article in fox news. and so on.

[TheSkarri]

@NowisEvollovetion Cheer's for your support friend. Good to see there's some reasonable people left in this world. =)

[TheSkarri]

@KoopaKabana

Hahh.

"The vote was a colossal mistake"

"EU membership ftw"

I see democracy isn't particularly high on your list of priority's.

Much like our pollination come to think of it... I think you'd like them scumbags.

[reykjavik79]

Thanks for the vid m8, as we voted again, NO about a year after your vid, I'll say first Iceland is not little its about the same size is little England, -in the grand scheme of things, 2nd now in April of 2011, Landsbanki has allot of monies/building on English soil, that will be sold/given back, at the end of this summer, effectively nulling out this debt, resulting in all this matter been blown out of per-portions on both sides, over chump change/nickles and dimes.

[seltjorn1]

Many people talk like the UK and Holland will never get any penny when the fact is that they will -and it's been a fact for a while now- get the quite large sum that is the old Landsbanki's bankrupt estate.

We voted No on a "deal" where we would have had a great risk allowing these foreign governments to seize any natural resource they wanted -or even piece of land for that matter.

Also like nobody here lost anything in the crash. Many many people lost their life savings, houses etc.

[KoopaKabana]

No Iceland clearly had no understanding of capitalistic system hence the financial mess it is in. Downgrading a country's credit rating is the last thing a crippled economy needs- also EU membership for Iceland has been on the agenda for years, perhaps if it were part of the EU in the first place it wouldn't be in such a mess. This argument is going nowhere, you're void of the truth and diselosinal- how anyone can argue for Iceland not to pay its financial obligations is beyond me.

[Kjalli]

@jamieperrydude I feel bad for all the dutch and UK depositors who lost money on Icesave, and I also feel bad for all the Icelanders who might have to pick up at least a large part of that bill.