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The Currency Collapse
In October 2008, the effects of the 2007/08 global financial crisis
brought about a collapse of the Icelandic banking sector. The value of
the króna plummeted, and on 7 October 2008 the Icelandic Central Bank
attempted to peg the króna at 131 against the euro. This peg was
abandoned the next day. The króna later fell to 340 against the euro
before trade in the currency was suspended (by comparison, the rate at
the start of 2008 was about 90 krónur to the euro). After a period of
tentative, very low-volume international trading in the króna,
activity is expected to pick up again throughout November 2008, albeit
still with low liquidity, as Iceland secures an IMF loan.
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What Happened?
Iceland Jewish Prime Minister Geir Haarde allowed the country to become an
international Zionist banking center. They offered astronomical rates
on CDs, and people transferred their money in.
7 Then
the Zionists took the money. and the banks collapsed.
He attended Brandeis university on a Jewish scholarship.
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Their Bags Are Always Packed
These scoundrels took the banks deposits and reinvested the funds
in offshore ventures, and they all went sour. They say 'It's not our
fault'.
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Iceland's First Lady
Dorrit Moussaieff is an Israeli, whose father is a Jewelry czar.
Her grandfather is
Shlomo Moussaieff who is one of the
wealthiest real estate moguls in Jerusalem.
Sholmo got his start robbing graves for jewelry.
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Icelandic Bank Rip-Off: Behind the Scenes
Early in September 2008, four weeks before the country went bankrupt,
the President of Iceland, Olafur Ragnar Grimsson, made a
"private visit" to Israel,
accompanied by his well-connected Israeli wife, Dorrit Moussaieff.
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The International Monetary Fund To The Rescue
Iceland is suppose to get a
$15 billion dollar bailout. The
people of Iceland get the bill, and the bankers will get the money.
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