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Debt Moratorium with 1%Tax? The Arctic Mouse that Roared
We have heard from many experts regarding horrendous tales of the International Monetary Fund. They warn us against continuing on the road we are on. Do these fine individuals know what they are talking about? One of them is a Nobel Prize winner in economics and worked for the IMF a long time, the other was an economic hit man and yet another one is a world-renowned economist. Some experts have proposed that we join other nations that have defied the IMF, or at least seek advice from nations that have fared badly under IMF conditions. Will we be able to preserve economic independence, if we continue to believe that the only possible solution to the debt problem is to create more debt? People who are dealing with excessive consumption of some sort should probably not use this cure since the solution seems to be to consume more to cure the over consumption. I simply don’t understand this methodology.
Unfortunately, the reality is that if we continue on the way the government is going, our nation will be crushed under the interest burdens of foreign debt. Payment of foreign debt will take a big chunk of our economic growth and our GDP. The government proposes two ways out of this problem, slashing our welfare state and increasing taxes. Furthermore, we have not seen any reasonable proposal to correct the injustice that the public has suffered. How can we expect the nation to shoulder such burdens as the proposed cuts and tax increase suggests if we can not trust that the hardship will have positive results in the end? It simply cannot be expected.
We now need to make decisions based on hope, justice, and the resurrection of pride which comes from living in a country which many people believe is almost uninhabitable. We can and should seek all possible ways to find common solutions. Britain declared war on our nation when they labeled us as terrorists. The British authorities waged economic terrorism against us by misusing the IMF, and using our EU membership application as leverage in order to extort from us what they want in the Icesave Debate:
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It is morally wrong to lay debts on the shoulders of the public and future generations, which had nothing to do with it in the first place.
Our government doesn’t seem to realize we are indeed in an economic war and that the nation has been attacked in such a way, which makes a courteous response impossible. It is impossible as well to state without blinking we should pay the debts of financiers that mortgaged the work of the nation undisturbed while the administration slept.
The demands of Britain and Holland regarding Icesave have to be rejected on the basis of national well-being and security. If government tries to honor the Icesave agreement and follow the IMF program it could lead to mass emigration, damage our healthcare and education system, diminish the workforce, inhibit productive investments and usher in a period of permanent national decline.
