Paul Joseph Watson
Tuesday, November 25, 2008
Demonstrators call for government to resign in wake of financial collapse
Riots and protests in Reykjavik calling for the government of Iceland to resign have increased following a financial catastrophe that has wiped out half of the krona’s value and put one third of the population at risk of losing their homes and life savings. Could similar scenes of civil unrest be repeated in the United States as the economy continues to implode?
“It was the latest in a series of protests in the capital since October’s banking collapse crippled the island’s economy. At least five people were injured and Hordur Torfason, a well-known singer in Iceland and the main organiser of the protests, said the protests would continue until the government stepped down,” reports the Scotsman.
As crowds gathered in the drizzle before the Althing, the Icelandic parliament, on Saturday, Mr Torfason said: “They don’t have our trust and they are no longer legitimate.”
Hundreds more gathered in front of a local police station, pelting eggs at the windows, using a bettering ram to force the doors open and demanding the release of a protester.
A banner hung from a government building read “Iceland for Sale: $2,100,000,000,” the amount of the loan the country will receive from the IMF.
Gudrun Jonsdottir, a 36-year-old office worker, said: “I’ve just had enough of this whole thing. I don’t trust the government, I don’t trust the banks, I don’t trust the political parties, and I don’t trust the IMF.
“We had a good country and they ruined it.”
These aren’t the actions of unwieldy mobs in third world countries, we’re talking about a country that had one of the highest living standards in Europe and a relatively wealthy and sedate population, the vast majority of whom are now in revolt over mass redundancies and the fast disappearing values of their paychecks and savings.
More peaceful protests against the Federal Reserve during the End the Fed events over the weekend were largely ignored by the U.S. corporate media, but the potential for wider chaos exists should the dollar finally cave in to the hyperinflationary bubble that is being created by the ceaseless printing of money to fund the multi-trillion dollar bailout.
Those who continue to assert, “It can’t happen here,” only need to look at the scenes in Reykjavik to realize that similar events could unfold across the U.S., where the reaction of militarized riot cops and even the military itself may be a little more heavy handed to say the least.
With top Russian analysts predicting the breakup of the U.S. into different parts, allied with people like deadly accurate trends forecaster Gerald Celente warning of food riots and tax rebellions, the scenes in Reykjavik may be amplified in the U.S. should a significant portion of the public wake up to the monumental fraud of the bailout and begin to feel the impact of its consequences as we enter 2009.