Don't Look Now But We Are All Iceland

… Iceland is confronted by more powerful nations, headed by the United States and Britain. They are unleashing their propagandists and mobilizing the IMF and World Bank to demand that Iceland not defend itself by wiping out its bad debts. Yet these creditor nations so far have taken no responsibility for the current credit mess. And indeed, the United States and Britain are net debtors on balance. But when it comes to their stance vis-à-vis Iceland, they are demanding that it impoverish its citizens by paying debts in ways that these nations themselves would never follow. … [1]

The Book of Noah (the bits after the Heritage USA thrill ride part at the beginning) provided some timely advice against invading Iraq that nobody really paid attention to. It’s urgent that we all now note that THE BIG GUY HIMSELF came down specifically to register HIS OPINION about stuff like the above:

Then Peter came up and said to him, "Lord, how often shall my brother sin against me, and I forgive him? As many as seven times?"
Jesus said to him, "I do not say to you seven times, but seventy times seven.
"Therefore the kingdom of heaven may be compared to a king who wished to settle accounts with his servants.
When he began the reckoning, one was brought to him who owed him ten thousand talents;
and as he could not pay, his lord ordered him to be sold, with his wife and children and all that he had, and payment to be made.
So the servant fell on his knees, imploring him, ‘Lord, have patience with me, and I will pay you everything.’
And out of pity for him the lord of that servant released him and forgave him the debt.
But that same servant, as he went out, came upon one of his fellow servants who owed him a hundred denarii; and seizing him by the throat he said, ‘Pay what you owe.’
So his fellow servant fell down and besought him, ‘Have patience with me, and I will pay you.’
He refused and went and put him in prison till he should pay the debt.
When his fellow servants saw what had taken place, they were greatly distressed, and they went and reported to their lord all that had taken place.
Then his lord summoned him and said to him, ‘You wicked servant! I forgave you all that debt because you besought me;
and should not you have had mercy on your fellow servant, as I had mercy on you?’
And in anger his lord delivered him to the jailers, till he should pay all his debt. So also my heavenly Father will do to every one of you, if you do not forgive your brother from your heart." – Matthew 18:21-35

Hat to to twist for pointing out the importance of the CounterCurrents article.  Professor Hudson has written some really profound stuff, and Doomers should seriously consider reading his whole article and other resources at his personal site.

———————

[1]: "The Financial War Against Iceland", by Michael Hudson, CounterCurrents, April 17, 2009.

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1 Comment for this entry

  1. twist says:

    John-

    I stumbled across that article when I decided to read more about the situation in Iceland.  I decided I wanted to read more about Iceland after viewing this:

    Somehow the situation seemed less academic and more personal after watching this.

    I don’t know who’s to blame, or what the solution is, but I think it’s time to start paying attention and figure it out.

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