In a major victory for taxpayers in Iceland, an obscure transnational court ruled against the European Union and a similar supranational body last week, deciding that the tiny population of the island nation was not responsible for the massive liabilities of a private Icelandic bank that went bust during the 2008 economic meltdown. Establishment analysts blasted the decision as a “blow to global banking,” but Icelanders and proponents of the free market celebrated the verdict as a big win for the people and market principles — after all, they argue, citizens should not be forced to pay for the reckless and potentially criminal actions of a few bankers, widely criticized as “banksters” in recent years.
The Russian city of Volgograd renames itself Stalingrad for five days a year, after Soviet communist dictator Joseph Stalin, in order to commemorate historic World War II events.
Facing a dramatic decline in support for his party due to its continued, albeit half-hearted, support for the controversial European Union, U.K. Prime Minister David Cameron finally promised British subjects a referendum on whether or not to leave the EU — in five years. However, despite the tsunami of public opposition to the union, establishment figures from around the world, including the Obama administration, are using transparent fear-mongering tactics warning Britons to stick with the embattled super state or face dire consequences.
The theme of the World Economic Forum being held in Davos, Switzerland, is the polar opposite of the results they will achieve if they are successful in reaching its goal of world government.
Following the public exposure of late BBC celebrity Jimmy Savile as a pedophile monster who sexually abused hundreds of children over a period of decades — sometimes as part of a satanic ring, according to victims cited in news reports — British police announced last week that the investigation into child sex abuse was widening to include some members of Parliament. However, the police themselves are under fire for declining on multiple occasions to file charges against Savile, whose monstrous crime spree has been called “unprecedented” in U.K. history.