Icesave Billionaire Says Landsbanki Deposits Went to Money Heaven

Posted on March 8, 2010 by stacyherbert| 85 Comments

Stacy Summary:  Money heaven?  Max is right, these market fundamentalists have their own religion.  Did this dead money find many virgins in money heaven I wonder?

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85 Responses to Icesave Billionaire Says Landsbanki Deposits Went to Money Heaven

  1. Creative Destruction Engineering | March 8, 2010 at 8:33 pm |

    “I am not a catholic!” insists Pope.

  2. Marc Authier | March 8, 2010 at 5:30 pm |

    @White Hunter
    I think you are right about Nixon. A choir boy compared to those that followed.

  3. frances snoot | March 8, 2010 at 3:36 pm |

    1988: The Economist “Get Ready for the Phoenix”

    “The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.”

    http://74.125.47.132/search?q=cache:cpfSEVs9jrgJ:www.singleglobalcurrency.org/documents/ArticleEconomist1988GetReadyforthePhoenix_001.doc+economist+%22get+ready+for+the+phoenix%22&cd=1&hl=en&ct=clnk&gl=us&lr=lang_en&client=safari

  4. white hunter | March 8, 2010 at 3:28 pm |

    nixon was a choir boy compared to all of those who came after

  5. DepressionAlert | March 8, 2010 at 3:21 pm |

    Richard Nixon…… I am not a crook.

    Of course your not.

  6. frances snoot | March 8, 2010 at 3:15 pm |

    http://www.businessweek.com/news/2010-03-01/ukraine-faces-eu-pressure-to-conclude-loan-pact-with-imf.html

    EU working in tandem with the IMF against Ukraine’s best interests.

  7. frances snoot | March 8, 2010 at 3:12 pm |

    “It has long been obvious that the defeat of the incumbent, Viktor Yushchenko, who has painted himself into the anti-Russian nationalist corner, would produce a political rapprochement between Ukraine and Russia. Mr. Yanukovych is committed to non-alignment (meaning no application for NATO membership) while Ms. Tymoshenko promises to submit to popular referendum any decision to join a military alliance (in practice ruling out NATO membership, which, as revealed by a long series of opinion polls, is opposed by a solid majority of Ukrainians). What seems much less widely appreciated is the prospect of this geopolitical shift being magnified by Ukraine’s imminent national bankruptcy—casting Russia in the role of “Abu Dhabi” to Ukraine’s “Dubai” in the sense of easing the financial distress of a closely related neighbor.

    In October 2009, the IMF suspended the latest planned disbursement of $3.8 billion (€2.6 billion) from its $17 billion rescue loan to Ukraine, citing the need to wait for the presidential election campaign to run its course before the Ukrainian authorities would be in a position to pursue responsible economic policies. In the meantime, the IMF has quietly helped keep Ukraine’s funding crisis at bay by a series of expedients, culminating in approval for a drawdown of $2 billion of the Ukrainian central bank’s foreign-exchange reserves to meet this month’s $900 million payment for imported Russian gas.

    From now on, however, the cupboard is bare. Total austerity will be the only way to preserve Ukraine’s reserves and prevent another run on the currency—which would be ruinous, given the mountain of public and private debt denominated in foreign currency (exceeding 100% of GDP at the start of the crisis). The newly elected president, and whatever government emerges from the presidential election, will have to abandon their election promises by slashing public spending (the budget deficit reached around 12% of GDP in 2009, largely financed by printing money) and passing on higher energy costs to domestic consumers. Failure to cut spending will lead to widespread defaults. Already, the state-owned energy and railway companies (Naftohaz and UkrZaliznytsya) have been unable to meet their contractual obligations on foreign loans and entered into restructuring negotiations with their creditors.”

    http://online.wsj.com/article/SB10001424052748703569004575008990183229012.html

  8. frances snoot | March 8, 2010 at 2:45 pm |

    “Strategic position as a buffer state”

    http://www.cnn.com/2009/WORLD/europe/01/01/russia.ukraine.gas/index.html

    http://www.kyivpost.com/news/nation/detail/60730/

    Torn into pieces as a buffer state you mean.

  9. frances snoot | March 8, 2010 at 2:37 pm |

    @Marc:
    It’s not the fault of the native people: it relates to currency issues with the EU as a trading bloc. You need to investigate the role of currency within the systematic disruption of nation/states.

  10. Marc Authier | March 8, 2010 at 2:34 pm |

    Facsist international banksters tyranny is coming soon in Europe and the United States. It’s a question of a couple of months. Enjoy your freedom whil it last.

  11. Youri Carma | March 8, 2010 at 2:31 pm |

    Internet access ‘a human right’ http://news.bbc.co.uk/2/hi/technology/8548190.stm

  12. Youri Carma | March 8, 2010 at 2:20 pm |

    @Mep

    Bout Joe Stack

    Fire reported at 9:18 a.m and Crash at 9:56 and that’s JUST 38 MINUTES. That combined with that crazy explosion at the building says enough. Inside Job written all over it.

    All the rest is bs, driving time to the hangar, take of time, oil drums, chairs taken out of the plane, Joe lighting that fire and all this in 38 minutes is just BS.

    Later they say that he was 2 hours before at the hangar? So how could he have ignited the house fire?

    Joe Stack had NSA and military clients and worked on REMOTE CONTROLLED AIRPLANE PROJECTS and hired his airplane hangar together with an NSA dude who also had access to the hangar Duh!

    His family said that he couldn’t have written his manifesto immediately after Duh!

  13. Marc Authier | March 8, 2010 at 2:12 pm |

    @France Snoot
    The stupid Ukrainians have only themselves to blame. This country is runned by naive people. Doing business with the likes of George Soros the “liberator” is looking for economic trouble. Sure enough that sun of bitche shows up in a country, a couple of months later, exactly like with Goldman Sachs men, the freakin country goes up in smoke. It ain’t a coincidence. Ukraine should cultivate its strategic position as a buffer state instead of confronting Russia like they did. Not really intelligent when you know that the main export market if not the ONLY one is Russia. Stupid pollocks like would say Archie Bunker. The country was runned be a meat head.

  14. AngryGreek | March 8, 2010 at 2:10 pm |

    Greek debt virus at work..?
    EU Top Fiscal Performer Faces Greek-Led Bank Decline : http://www.bloomberg.com/apps/news?pid=20601110&sid=aNkVCqrExHLQ

  15. Marc Authier | March 8, 2010 at 2:07 pm |

    Indeed an icelandic Richard Milhaus Nixon. Hire a bounty hunter. It would be a fantastic. Capture the s.o.b. and bring him back to Iceland with his arms tied behind his back.

  16. Mep | March 8, 2010 at 1:59 pm |

    @ Youri – If you think about it, the point Alex made about each of the recent “terrorists” having been previously outed by to the government by their parents is a good one. With the exception of Joe Stack, all of the others had someone notify the government about them. So why don’t we just scrap the “Patriot Act” and instead start investigating concerns brought up by parents?! Could it be that we don’t actually WANT to completely stop attacks? . . . that “we” prefer the opportunity to instill fears about terrorists into the population from time to time . . . just to remind them that the threat is ALWAYS there and that the “war on terror” is real and ongoing?

  17. Youri Carma | March 8, 2010 at 1:53 pm |

    @Mep

    Al Qaeda=CIA. Al Qaeda was an invention of Zbigniew Brzezinski

    Zbigniew Brzezinski to Jihadists: Your cause is right! http://www.youtube.com/watch?v=OJTv2nFjMBk

    Barack Obama, Zbigniew Brzezinski and Al Qaeda http://www.youtube.com/watch?v=9V-bxx7OyZ0

  18. Mep | March 8, 2010 at 1:48 pm |

    @ Youri – Good for Alex. I’m waiting to hear more about the “American al-Qaeda” leader who was caught by Pakistan. We were told right away that it was Adam Gadahn who was caught, now the news is suggesting that it was someone else. It would be hilarious if Pakistan caught a Blackwater/CIA op. and confused him for an American al-Qaeda leader.

  20. paganrongs | March 8, 2010 at 1:46 pm |

    Average UK house prices measured against gold and silver (page down for silver)
    http://www.sharelynx.com/chartstemp/USHLSPOG1.php

    Average US house prices measured against gold and silver
    http://www.sharelynx.com/chartstemp/USHLSPOG.php

  22. Youri Carma | March 8, 2010 at 1:37 pm |

    FOX GOT PWNED! by Alex Jones

    Alex Jones exposes attempt to demonize 9/11 Truth on Geraldo following Pentagon incident http://www.youtube.com/watch?v=K-XjX00UHkk

  23. frances snoot | March 8, 2010 at 1:30 pm |

    Text of speech by Strauss Kahn indicating need for new currency reserve asset:

    http://www.imf.org/external/np/speeches/2010/022610.htm

  24. Youri Carma | March 8, 2010 at 1:28 pm |

    Webster Tarpley World Crisis Radio 3-6-2010 http://tinyurl.com/yhff847

  25. paganrongs | March 8, 2010 at 1:28 pm |

    Idaho lawmaker wants gold, silver standard for the state: “If Challis Republican Lenore Barrett has her way, electronic transactions in gold and silver will become an alternative form of legal tender for paying bills or taxes in Idaho.”
    http://www.spokesman.com/stories/2010/mar/07/lawmaker-wants-gold-silver-standard-for-state/?print-friendly

  26. frances snoot | March 8, 2010 at 1:27 pm |

    “IMF managing director Dominique Strauss-Kahn raised the question in a recent policy speech as to whether a new global reserve asset is needed.

    ‘Having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country,’ he said.

    ‘One day,’ he added, the IMF ‘might even be called upon to provide a globally issued reserve asset, similar to – but in important respects different from – the SDR.’”

    Published March 8, 2010

    China may want slot for yuan in IMF currency basket

    http://www.businesstimes.com.sg/sub/news/story/0,4574,375609,00.html?

    2015? 2010? SDR reweight?

  27. x | March 8, 2010 at 1:27 pm |

    It could be argued that AUD is a western proxy for CNY.

    EUR/AUD 5 year chart:

    http://finance.yahoo.com/q/bc?s=EURAUD=X&t=5y&l=on&z=l&q=l&c=

  28. jim | March 8, 2010 at 1:12 pm |

    looks like McDonalds “sells” a lot better outside of the US than in….go figure. Calling that stuff a “meal” is truly Orwellian.

  29. Youri Carma | March 8, 2010 at 1:12 pm |

    Iceland’s Debt May Be Cut to Junk Bloomberg Vid http://www.youtube.com/watch?v=cLcwbWMOWb0

  30. frances snoot | March 8, 2010 at 1:11 pm |

    http://www.artukraine.com/old/econews/mikulintsi.htm

    UKRAINE SEES A NEW ‘IRON CURTAIN’ IN EU EXPANSION
    Feeling Left Out, Many Anticipate Harder Time Finding Work Abroad

    By Peter Baker, Washington Post Foreign Service
    The Washington Post, Washington, D.C.
    Sunday, April 25, 2004

  31. Rolf | March 8, 2010 at 1:06 pm |

    Has anyone seen that documentary mentioned in that article called: Maybe I Should Have by its director, Gunnar Sigurdsson?
    Anyone has a link maybe?

  32. frances snoot | March 8, 2010 at 1:04 pm |

    http://ictsd.org/i/news/bridgesweekly/6946/

    “Last Friday, the presidents of the four biggest former Soviet Union states — Russia, Ukraine, Belarus and Kazakhstan — signed an agreement to create a “Common Economic Space,” with the intention of opening borders to trade, unifying tax and customs systems and creating shared energy, transport and tariff policies. This common market would, according to Russian President Vladimir Putin, “increase (the) competitiveness of our goods in international markets, ease contacts between manufacturers within the Commonwealth of Independent States and create good conditions for the development of our economies”. Some officials felt that creating an integrated trading bloc similar to the EU could be beneficial, especially since these countries are not part of the WTO or the EU.”

    25th September 2003

  34. x | March 8, 2010 at 1:00 pm |

    € fiasco

    Greece is simply the canary in the coal mine.

  35. savagegoose | March 8, 2010 at 12:55 pm |

    this is money heaven

    secret accounts in offshore trusts

    quote

    The documentary has been shown in Icelandic cinemas and was brought to Britain last week by its director, Gunnar Sigurdsson, whose attempt to trace the billions lost in the banks takes him to London, Guernsey, Luxembourg and the British Virgin

    /quote

  36. Youri Carma | March 8, 2010 at 12:48 pm |

    Riots erupt at UC Berkeley campus – RT America 100302: http://www.youtube.com/watch?v=iDAq5VlEsM4

    Students vs State: US budget too cool for school?: http://www.youtube.com/watch?v=TGij8qVotjw

  38. AngryGreek | March 8, 2010 at 12:47 pm |

    FINALLY!! A Greek Journalist with the cahonies to interview Max Keiser!!! … the interview just aired live on Athens 104.4 fm. Max started off by asking if we arrested any bankers this morning and if not… why? He ended the interview explaining the IMF’s interests in Greece. THANKS MAX!!! GREAT INTERVIEW!!!! I hope you post it. Thanks Helen Skopis for not being a “sheeple” journalist!

  39. Mike2liverpool | March 8, 2010 at 12:46 pm |

    Youri
    Replacement of the $
    Mike

  40. Grisu | March 8, 2010 at 12:44 pm |

    to all those who adore the dambusters:

    of the more than 1600 human beings killed by the attack on the möhnesee dam,
    more than 1200 were pows and women in a labor camp.

  41. TJ | March 8, 2010 at 12:42 pm |

    Is this the same banker who claims to be the Maitreya?

    http://www.youtube.com/watch?v=rVdtExDYc-k

  42. Alister | March 8, 2010 at 12:42 pm |

    MAX SAYS CULTURE IS ENRICHED IN DOWN TURNS

    really? or is the veil normally shrouding reality merely lifted a bit

    http://www.youtube.com/watch?v=lN7C-i9PezE

  44. Youri Carma | March 8, 2010 at 12:36 pm |

    University of California Campus Erupts In Riots; Student Loan Scam Drives Up Cost Of Education; Expect More Riots http://globaleconomicanalysis.blogspot.com/2010/03/university-of-california-campus-erupts.html

  45. big ben | March 8, 2010 at 12:13 pm |

    “I am not a criminal” says man behind Landsbanki

    “so am i” says alen greenspan

    “me too” says ben bernanke

    “we all” says robert rubin,larry summers,timmy geithner,hank paulson,neil kashkari etc

  47. Youri Carma | March 8, 2010 at 12:09 pm |

    @Mike2liverpool

    “talks are going on with China/India/Russia” about what?

  48. Mike2liverpool | March 8, 2010 at 12:07 pm |

    Youri
    I know this sounds “X-Files” but i think talks are going on with China/India/Russia…………until they finished everything will be in a holding pattern.
    Mike

  49. Youri Carma | March 8, 2010 at 12:04 pm |

    Reykjavik to seek fresh debt agreement http://tinyurl.com/yz5kddt

  51. Palantíri | March 8, 2010 at 11:53 am |

    I am not a criminal! I am a human being! I…am…a man!

  54. paganrongs | March 8, 2010 at 11:40 am |

    Following announcement that Farmville is integrating RW (real world) gold coins into its VW (virtual world) trading system, this video shows how a computer glitch enables you to counterfeit VW/RW money.

    http://www.youtube.com/watch?v=I-uyUCMvk-s&feature=PlayList&p=76A197C494F9E2D8&playnext=1&playnext_from=PL&index=7

    Implications on a postcard please….

  55. Martijn | March 8, 2010 at 11:29 am |

    @Stacy

    Re: history of Christianity

    Did you notice how at the reformation (episode 4) many groups stood up an claimed to be the only true interpretation of the bible?

    This happened after people outside of the clergy were able to read.

    Did you notice the similarity with the introduction of the internet and the resulting diversity in opinions on or explanations of world events?

    We are all reformists now…

  57. The Man from Glad | March 8, 2010 at 11:19 am |

    @Youri Carma

    Imperial Stormtroopers’ Take Your Daughter to Work Day

    http://www.youtube.com/watch?v=e6gbMsUgHRE

  58. The Man from Glad | March 8, 2010 at 11:07 am |

    @Youri Carma, That blowed up real good. Hard to believe they were still turning out escapist WWII flicks in ’78. I think that was Harrison Ford’s first post-Star Wars movie.

  59. Mike2liverpool | March 8, 2010 at 11:06 am |

    Max
    We got to do something like this:-
    http://www.youtube.com/watch?v=RAXdie_gifI
    Mike

  60. Youri Carma | March 8, 2010 at 11:04 am |

    Darth Vader: Complete Asshole http://www.youtube.com/watch?v=oKUYxQE64bA

  61. Youri Carma | March 8, 2010 at 10:55 am |

    @The Man from Glad

    Was looking for a clip were they show this scene but couldn’t find it. Here is the scene just shortly after. http://www.youtube.com/watch?v=fsJCghhCwmI

  63. The Man from Glad | March 8, 2010 at 10:48 am |

    @Youri Carma, Good metaphor. There are some shots of that in the trailer. I watched a lot of those looking-back WWII movies when I was a kid, when they were still coming out. Miss them. There were still enough veterans of WWII to be a market to make films for.

    http://www.youtube.com/watch?v=fbJS7FU1Z4s&feature=related

  64. namarama | March 8, 2010 at 10:28 am |

    @stacy. Please get David McWilliams on.

  65. Youri Carma | March 8, 2010 at 10:26 am |

    @The Man from Glad

    Actually it is the Force 10 from Navarone http://www.imdb.com/title/tt0077572/

    The explosive went of but the dam is not bursting right away. But slowly and gradually the dam cracks and the water force does do the rest. So from a small crack to an exponential burst.

  66. Danny | March 8, 2010 at 10:22 am |

    “Ernst and Young – auditors of Anglo Irish Bank who turned a blind eye and signed off on all Anglo’s accounts – have been appointed to NAMA to make sure we the taxpayer don’t over pay! The “insiders” win again in Ireland.”
    David McWilliams

  67. Mother Earth | March 8, 2010 at 10:19 am |

    I unplugged my fridge just to get back at the bastards..

  68. turbulence | March 8, 2010 at 10:18 am |

    @ stacy

    Potential Guests for your TV-shows:

    1.Jim Sinclair, he has many knowing of Financial-history, e.g.
    please listen to his Interview with Eric King.
    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/8_Jim_Sinclair.html

    2. Bob Chapman (international forecaster)

    3. Robert Prechter (eliott-wave)

    4. H.S.Dent

    5. mogambo guru

    6. Marc Faber

    @Max, what kind of gold to hold? Ounces and smaller is the best i think.

  69. The Man from Glad | March 8, 2010 at 10:13 am |

    @AngryGreek, That money was never anything more than entries in cyberspace. It’s kind of like asking where the peanuts in a shell game went.

  71. AngryGreek | March 8, 2010 at 10:02 am |

    I hope we can find this “Money Heaven”… then maybe we can find the Greek money also. Maybe… just maybe… it didn’t go to “heaven” but a money hell in which I am sure politicians are doomed to an eternity of ironing their own laundered funds! …. Come to GREECE MAX AND STACY!!!!!!

  72. Rastaman | March 8, 2010 at 9:57 am |

    @Max

    all we need is one country and one instance to take one of these billionaire elites to be found guilty and have capital punishment carried out.

    the rest of these dominoes will fall like the first…..Iceland should lead the pack.

    worldwide revolution…..BRING IT ON.

  73. stacyherbert | March 8, 2010 at 9:55 am |

    @Mike – correct! You win the prize! When asked what he thought of the UK selling half of their gold, Alan Greenspan warned, “”Germany in 1944 could buy materials during the war only with gold. Fiat money in extremis is accepted by nobody. Gold is always accepted.”

  74. The Man from Glad | March 8, 2010 at 9:49 am |

    What are Icelandic Voters Trying to Tell the World on Icesave?

    ‘…the mood at the coffee tables around Iceland was that the old colonial powers of Holland and Great Britain were trying to bully Iceland in to an unfair agreement. “The Brits are trying to punish us now because they lost the cod wars,” one salesperson said on Friday.’

    http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=358930

  76. Mike | March 8, 2010 at 9:47 am |

    The reason that nations hoard gold is so that they can pay their armies in times of distress.

  78. Bonn | March 8, 2010 at 9:45 am |

    I tink right now tey tinkin of a Ponzi scheme fer ta Icelanders IMO
    Hic ;-)

  80. Ptah | March 8, 2010 at 9:34 am |

    Another market fundamentalist religious nut case – Richard Lambert is begging for austerity measures in the UK. Nice guy. I say, If he wants books balanced why not get his mates in the city to pay back their debts.

    http://news.bbc.co.uk/1/hi/business/8554353.stm

  81. Mini US | March 8, 2010 at 9:31 am |

    Venezuela to buy local gold.
    Hmmm is that buy or just take it at a Chavez discount?

    http://www.bloomberg.com/apps/news?pid=20601086&sid=awESVDHFnzbQ

  82. SuperGreek | March 8, 2010 at 9:30 am |

    @JT
    Ditto!!!

  83. Mini US | March 8, 2010 at 9:27 am |

    Iceland has 9% if you’re game.

  84. Mini US | March 8, 2010 at 9:26 am |

    Ha!
    Jails are full of people who didn’t do it The Great Landbanski.

    Brazil has 8.75% bank interest rate. Egypt has over 8% too.

    List…

    http://www.fxstreet.com/fundamental/interest-rates-table/

  85. JT | March 8, 2010 at 9:24 am |

    1st….happy days :)

    And happy International Women’s Day ladies!