“Due to these harsh actions taken by British and Dutch governments all flow of capital to and from Iceland was stopped.”

Hi Max,

we are a small group of Icelandic citizens that sent this letter to the head master of the EU. I send it to you for your information.

Yours sincerely

Gunnar Skúli Ármannsson Cand. Med..
Department of Anaesthesia & Intensive Care Medicine,
Landspitali University Hospital at Hringbraut,
IS 101 Reykjavík,
ICELAND
Tel: 00354 5431000/7348
Mobile: 00354 8641587
e-mail: [email protected]

Reykjavik 18.03.2011

Mr Herman Van Rompuy

President of the European Council

European Council
Rue de la Loi 175
B-1048 Brussels

Belgium

Dear Mr Van Rompuy

The Icelandic banks (90%) collapsed in autumn 2008 and with the banks Landbanki’s subsidiaries in London and Amsterdam (the Icesave deposits). According to the principal rule of the European Economic Area Treaty, the concept of market equality is the basis of co-operation within the European Community as stated in the Agreement on the EEA Part I: Objectives and principles, article 2, item e:

„the setting up of a system ensuring that competition is not distorted and that the rules thereon are equally respected…”. (Highlighted by signatories) It is clearly stated that the principal rule of the EEU co-operation is to prevent distortion of competition.

In this light, British and Dutch authorities were obliged to ensure that Landsbanki branches in London and Amsterdam had satisfactory securities from The Depositors’ and Investors’ Guarantee Funds within their own borders. If that were not the case, it would have been marketing distortion.

Britain and Netherlands unilaterally decided to make the Icesave deposits a political issue instead of a legal one. On that basis, they have demanded that Icelandic taxpayers pay the Icesave deposits which under EU regulations should have been covered by British and Dutch Depositors‘ and Investors‘ Guarantee Funds, as is clearly stated in European Economic Area treaty.

The first reaction of the Icelandic government was that Iceland was being bullied and the Icesave dispute should be resolved in courts. Britain and Netherlands refused but prior to that the British government had taken the unprecedented action to use anti-terrorism legislation against Iceland and Landsbanki. As a consequence, Kaupthing bank operations (Singer & Friedlander) in Britain were closed down and with it fell Iceland‘s biggest bank.

Due to these harsh actions taken by British and Dutch governments all flow of capital to and from Iceland was stopped. Iceland state finances were taken hostage by a foreign power. As a consequence, Iceland was forced to negotiate the Icesave deposits if the country was to get assistance from the International Monetary Fund. The IMF demanded that Iceland negotiated the Icesave deposits due to pressure from Britain, Holland and European Union countries.

The current Icesave agreement can cost Iceland up to half of its state budget. If the Emergency law of October 2008 will not stand up in court of laws, the Icesave deposits will amount to double state budget. The people of Iceland have found it hard to accept being forced to pay for actions made by reckless and irresponsible bankers: burdens which according to EEA-regulations actually belong to British and Dutch Depositors’ and Investors’ Guarantee Funds as applied to fair and equal competition within the European Economic Area.

The Icelandic nation will vote in a referendum on the latest Icesave-agreement on the 9th of April 2011. We refused to accept the last one in a referendum. We therefore feel compelled to get answers to the following questions before the referendum.

1. What is the moral value of an agreement between three parties (latest Icesave-agreement) where two parties (Britain and Holland) force the third party (Iceland) to the negotiation table when the matter should be on the table of The Depositors’ and Investors’ Guarantee Funds in Britain and Holland?

2. Why has Iceland not been able to defend itself in courts of law against British and Dutch claims?

3. In the light that Landsbanki had to apply to British law, why was the bank allowed to open saving accounts before it had made the necessary arrangements with the Depositors’ and Investors’ Guarantee Funds?

a. Did it not distort competition as Landsbanki was not obliged to make arrangements with the Guarantee Funds in Britain and Holland?

b. Was the interest of British and Dutch consumers not looked after, as Landsbanki did not have to pay to the Guarantee Funds like its competitors?

c. Is the European Union going to let Britain and Holland violate the principals of the EEA-treaty on equality of competition?

4. Is it in accordance with EU policy to let the taxpayers bear the burden when private banks go bankrupt?

5. Are Depositors’ and Investors’ Guarantee Funds of any country within the European Union strong enough to guarantee deposits in the case of (90%) banking collapse?

6. What will be the reaction of the European Union if the people of Iceland reject the latest Icesave agreement on the 9th of April 2011?

Sincerely and with requests for good answers

Ásta Hafberg, student business management
Baldvin Björgvinsson, certified electrician, teacher
Björn Þorri Viktorsson, supreme court attorney
Elinborg K. Kristjánsdóttir, journalist, student
Elías Pétursson, CEO

Guðbjörn Jónsson, retired consultant
Guðmundur Ásgeirsson, software developer
Gunnar Skúli Ármannsson, cand med
Haraldur Baldursson, technologist
Helga Garðasdóttir, student
Helga Þórðardóttir, teacher
Inga Björk Harðardóttir, teacher, artist
Karólína Einarsdóttir, biologist and teacher
Kristbjörg Þórisdóttir, cand. psych.

Kristján Jóhann Matthíasson, retierd fisherman
Pétur Björgvin Þorsteinsson,deacon, Evang.Lutheran Church
Rakel Sigurgeirsdóttir, teacher

Sigurjón Þórðarson, biologist

Sigurlaug Ragnarsdóttir, bachelor of fine arts
Steinar Immanúel Sörensson, ideologist
Þorsteinn Valur Baldvinsson Hjelm, surveillance officer

Answers and/or questions should be sent to

Gunnar Skúli Ármannsson Cand. Med.

Seiðakvísl 7

110 Reykjavík

Iceland
e-mail: [email protected]

A copy of the letter has been sent to several officials within the EU and EFTA as to the ministeries of Britain, Holland and Iceland to whom this case belongs. A copy has also been sent to several European newsmedia.

Fyrirvari / Disclaimer http://www.landspitali.is/disclaimer

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21 Responses to “Due to these harsh actions taken by British and Dutch governments all flow of capital to and from Iceland was stopped.”

  1. @Oky1

    I agree with living as the people did in 1880, with a couple caveats:

    Sanitation and hygiene standards among the Amish are virtually nonexistent. Garbage collection does not exist. Instead, they dig a big hole on their property and dump their garbage in it. They shit behind the barns, use no toilet paper, and no washing of hands afterwards….. Diarrhea is rampant. Amish eat their food out of canning jars – not fresh out of the garden.

    Due to few converts to the Amish religion, marrying relatives is common. Birth defects and retardation are therefore widespread. They do not allow their kids to receive education beyond the 8th grade.

    They don’t believe in cars, yet they own them and hire people to drive for them. The don’t believe in technology, yet they all own cell phones. They argue not to be a part of the world, yet they allow their teenage kids to engage in a practice called “Rumspringa, ” which is a wild period of drinking, drugs, and promiscuous sex.

    http://en.wikipedia.org/wiki/Rumspringa

    In this global economy, the Amish are viewed by the American elite as a pious group of German-speaking Mexican laborers. But unlike the Mexicans, they refuse to participate in social security and refuse any form of government help.

  2. @Peter Pan “…Eurocommissars are the same commissars that organized the Soviet Union…” Had to bitterly laugh. I use exactly the same analogy to describe the undemocratically appointed nomenclature in Brussels. A corrupt, inbred, waste oozing construct for failed politicians and bureaucrats. But who is surprised? After all, J M Barroso, the Ueber-Kommissar, is a Maoist. What does he know about democracy? He does not even have the decency to go home to his Portugal and clean up the sovereign debt mess he was responsible for as prime minister.

    To my direct-democratic Icelander friends: It is useless to write to useless people. Just hang in there, tell them to go to hell. You can survive decently, with good warmth and energy for all sorts of services and industries from your geothermal sources, plenty water, tourism, fishing, and, most of all, superior education and brain power.

    And if they want to get nasty, just open the chimney of one of your Eyjafjallajoekulls and have it eyjakullate its dusty stuff and bury them low life bullies.

  3. Be more like the Amish is also a great starting point:

    http://www.naturalnews.com/031782_Amish_health.html

  4. Peter Pan,

    Great suggestions, that’s exactly what we’ve been doing here the past few years & suggesting others join in & do the same!

    ** Peter Pan
    Mar 22, 2011 at 6:09 pm
    I don’t even understand why these people write to the globalist pig. Why bother? He is going to wipe his ass with their letter anyways. He is there to perform a duty, and the duty is to loot other countries and bring one world government. Just show him a middle finger. Of course you are risking to become the next in line to experience a “Libyan solution”. But so what? This is a democracy after all. Two wolves deciding what sheep is going to be for dinner. Yesterday it was Libya, tomorrow it’ll be Iceland. Don’t you people understand that all these games in democracy and European treaties (and all other nonsense) are just a Trojan hoarse to get your sovereignty? Once you sign out your sovereignty away to some foreign body 2000km away from you, that’s the end of your country. Eurocommissars are the same commissars that organized the Soviet Union. They are financed by the same banksters. Now they’ve organized the Soviet European Union, but their goals are the same – dictatorship. They use armies only when they cannot conquer financially via trans-national corporations and banks. What to defeat them? Stop buying corporate products – Coca-Cola, Pepsi, other products, support your local farmers growing organic food, buy silver and gold. Buy buying real commodities you are exchanging their soon to be worthless papers to real goods that have values. Do yourselves a favour, start using your brains.
    **

  5. Arrest the perpetrators in three piece suits, claw back the money if you have to hold their wives and children for ransom, throw them in jail like Bernie Madoff; it’s time to fight corruption with the same level of violence they have for us. Every generation has these scum, one bullet would have taken care of Hitler, instead 20 million people died.

    It’s long past the time where ‘rule of law’ was working. Pitchforks, pikes and guillotines! For every ONE of them, there’s MILLIONS of us!

  6. So if the Icelanders rightfully say ‘fuck you’ during the referendum, then of course our Dutch/English ministers of Finance will shift the burden to the taxpayer.
    How could we roll that over to the original Dutch/English account holders of the Icelandic banks?
    It is easily said, but harder to implement…
    A Dutch start would be to have mr Bos stand trial for socializing risk of the Dutch gamblers that put their money in Iceland without being warned by the DNB (Dutch Bank for oversight) until it was too late.
    Mr Bos, during his term, spent more money on socializing Icelandic debt, saving banks etc than many other minister that would do things that *help* the people.
    Of course it was wiser to write of part of the problems, but now we created moral hazards which even causes banks to self-regulate(!) their bonuses (ING..) because the public opinion doesn’t like them…

  7. I don’t even understand why these people write to the globalist pig. Why bother? He is going to wipe his ass with their letter anyways. He is there to perform a duty, and the duty is to loot other countries and bring one world government. Just show him a middle finger. Of course you are risking to become the next in line to experience a “Libyan solution”. But so what? This is a democracy after all. Two wolves deciding what sheep is going to be for dinner. Yesterday it was Libya, tomorrow it’ll be Iceland. Don’t you people understand that all these games in democracy and European treaties (and all other nonsense) are just a Trojan hoarse to get your sovereignty? Once you sign out your sovereignty away to some foreign body 2000km away from you, that’s the end of your country. Eurocommissars are the same commissars that organized the Soviet Union. They are financed by the same banksters. Now they’ve organized the Soviet European Union, but their goals are the same – dictatorship. They use armies only when they cannot conquer financially via trans-national corporations and banks. What to defeat them? Stop buying corporate products – Coca-Cola, Pepsi, other products, support your local farmers growing organic food, buy silver and gold. Buy buying real commodities you are exchanging their soon to be worthless papers to real goods that have values. Do yourselves a favour, start using your brains.

  8. The Icelandic people should not have to pay for the reckless insouciance of private banks. Neither should the people of the UK have paid for the reckless insouciance of its banks. We are all sick of banking and corporate greed.
    Ordinary people of the world unite!

  9. I’m British and look with envy at how well the Icelanders managed the banks. To the brave people of ICELAND tell the British and Dutch goverments to fuck themselves :)

  10. @ Harry what can any of us do?
    The powers that be do as they see fit.
    Laws have been thawarted this situation can not stand.
    Icelanders will not vote for their own distruction at the hands of the banksters.

  11. Yes, I am Dutch.
    So what can we do to help the Icelandic situation?
    The Dutch ex-minister responsible for arranging this mess took a 4 day job with KPMG I believe, `earning` him 400K euros per year. (for what? his incompetence showed by only this Iceland deal alone)
    Current minister is just following up on the mess that was created without really changing anything except the interest rate, speed of paying off, etc.
    I am against socializing debt, bank risks, etc, so also this time I want stuff different.
    So how to proceed?

  12. Yes…I live in hope that our politicians will send washington and wall Street a similar letter about the asset stripping of Britain by them and by the EU…..an EU that is just a CIA/Soros/Wall Street conspiracy to take over the old soviet countries and corrupt southern Europe at the expense of British people for the benefit of Americans and other global economic pirates.

    End the socialisation of debt in the first world now..and cancel first world debt as well…..and direct some Cruise missiles at the main global moneylenders of the world if they don`t agree!

    Why should we borrow money from moneylenders to prop up casino capitalism and fight wars in the moneylender`s defence? Gaddafi uses mercanaries….so let`s tell the moneylenders to hire some too……and expose all this thirst for so called democracy and regime change for what it really is……..and it ain`t humanitarian for a start!!

  13. MirrorMirror

    @susan ….”OT – Sorry, but”

    No need to apologize, at least someone here has their eye on the ball.
    The problems have not even started yet if what is happening in J is what I think.

  14. Mike/Liverpool

    Fibon
    “They” used every lie & excuss going, the “F.I.R.E econermy” went out & they can’t relight the fire………the £ is climbing becuse it is thought they lift rates, they won’t. By the oct/nov ish the thing will be out of control.
    mike

  15. Max and Stacy

    Video says it all i guess. This man should be leading the charge on the BANKS

    http://www.youtube.com/watch?v=koY6kXhQDQo&feature=player_embedded

  16. OT – Sorry, but

    How to deal with radioactive fallout, just in case the news blackout is hiding something, as Ruppert (among others) suspects. This report to be shared far and wide, especially in areas affected by Japanese accident:

    http://www.collapsenet.com/free-resources/collapsenet-public-access/item/703-supplements-shown-to-help-prevent-effects-of-radiation-fall-out

  17. Dear Icelandic citizens,

    I strongly suggest you keep telling British and Dutch governments to piss off & die!

    Irish citizens, citizens of the world, I strongly suggest you follow Iceland lead & tell all these Wanker Wallst/London Bank/Insurance company terrorist scum to Piss Off!

  18. Golly Max, ain’t that girl in the pool a bit young?

  19. It cant be? It isnt Peter Schiff, behind that blond with the white mask ?

    http://www.youtube.com/watch?v=6kZZQNeMTAY