Friday, May 21, 2010

Iceland's Economic Collapse: Guess What You Find When You Dig Deep Enough?

Back in late 2008, we watched as the major banks in Iceland collapsed and turned that nation into an economic mess. Overnight, that nation of only 250,000 people lost close to 20 Billion dollars. Overnight the people of Iceland were left basically destitute, as the international Jewish bankers came calling and demanded repayment of the massive loss. These proud people rejected the demands of these Zionist bankers, and only now have the Icelandic people began to rebuild the country from basically scratch.

The questions still arise as to exactly what happened, and who was behind the financial debacle. Well, according to this article from, it seems that Parasitic Israelis were behind the entire scheme that led up to the total collapse of Iceland's economy. Here is that article:


The looting of much of the wealth of Iceland is one such mega-crime in which we find Israelis involved at the highest level. The First Lady of Iceland, Dorrit Moussaieff, is an Israeli Jew, which adds a significant wrinkle to the whole plot.

The Israeli Dorrit Moussaieff is the "fabulously wealthy socialite wife of the President of Iceland." So why did a "fabulously wealthy" Israeli Jew marry the president of a small Nordic nation in the North Atlantic?

Iceland recently arrested several former executives of the former Kaupthing bank, the largest Icelandic bank involved in the collapse of the Icelandic economy in the fall of 2008. Kaupthing and a couple other banks were responsible for the looting of much of the wealth of Iceland (and other nations). Two of the former executives of the bank were recently held in solitary confinement to facilitate the Icelandic investigation.

Iceland's special prosecutor is investigating a number of former Kaupthing executives for alleged market manipulation and forgery. Before its collapse, Kaupthing lent more than $12 billion in shady deals that were "if not illegal, completely unethical," Prime Minister Johanna Sigurdardottir said. When Kaupthing, Glitnir Bank, and Landsbanki Islands collapsed in October 2008 they had amassed debts equivalent to 12 times Island’s gross domestic product. After taking control of the three banks, the government was forced to seek a $4.6 billion International Monetary Fund-led loan to stay afloat. If an intelligence agency of a foreign government were involved in bankrupting Iceland, a member of NATO, it should be considered an act of war.

Kaupthing's loan book (leaked on the Internet) shows that around one third of its $20 billion in corporate loans went to a small elite connected to the bank's owners and management. One of Kaupthing's owners and the bank's largest debtor when it collapsed is an Iraqi-Iranian Jew named Robert Tchenguiz (pronounced like Genghis, as in Khan). The bank's leaked loan book shows that Tchenguiz borrowed some $3 billion from the bank to finance his private investments. Tchenguiz and his brother Vincent are London-based business tycoons. Robert was an owner of Kaupthing as one of the largest shareholders in Exista, a company that was the largest shareholder of the bank.

Robert Tchenguiz - "I can't comment on what Hrediar did or didn't do. It is very difficult for me to discuss this. I don't know why he was arrested. I don't know anything about the case."

Tchenguiz siblings Vincent and Lisa

Tchenguiz claims that he lost everything with the bank's collapse. "I lost all my money with the collapse of Kaupthing and I am suing the bank so I have to watch what I say," he said recently. High-profile "losers" like the Tchenguiz brothers, who lose billions of dollars, are typical of Mossad financial scams. Like Bernard Madoff, the Tchenguiz brothers claim to have lost billions of dollars, but where did the money really go?

As I pointed out in the Madoff scam, the missing billions probably went to secret Zionist-controlled bank accounts, for example at the Swiss branch of Israel Discount Bank where Madoff's friend and business partner Sy Syms (a.k.a. Seymour Merinsky) was a long-time director. In the Tchenguiz case, the Israeli partner-in-crime was probably his father, Victor, whose original surname is reported to be Kedourie Molaaem, and who has lived in Israel since at least 2003.

Victor Tchenguiz, an Iraqi Jew from Baghdad, has evidently worked with the Israeli Mossad for decades, and was reported in the British press in 2003 to be "the brains" behind the Tchenguiz business empire: "One reason that Victor Tchenguiz was long supposed to be the brains behind Rotch was that his Ferrari-driving sons didn't seem to spend much time at their desks," Conal Walsh wrote in the Observer of May 25, 2003.

The Tchenguiz kids, Vincent, Lisa, and Robert are well known for living high on other people's money. As the Observer noted in 2003: "The Iranian Jewish community is also legendary when it comes to shopping and partying. One reason that Victor Tchenguiz was long supposed to be the brains behind Rotch was that his Ferrari-driving sons didn't seem to spend much time at their desks."

About the Israeli connection with the Tchenguiz family, Walsh wrote:

Victor Tchenguiz, 80 and now living in Israel, is a larger-than-life figure who apparently traded in his original surname of Kedorie for Tchenguiz, Persian for 'Genghis', in honour of the great Mongol warlord.

An Iraqi-born Jew, he reportedly fled Baghdad to avoid persecution in 1948, landing in Iran and swiftly becoming a favourite of the Shah. How Victor did this is unclear - Robert has hinted that he married well - but by the Seventies he was jeweller to Iran's royal family and, it has been reported, in charge of the royal mint. When the Shah was deposed in 1979, Victor fled to London, with his fortune seemingly intact.

The British press seems to be quite clueless about Victor Tchenguiz's high-level connections to the Shah of Iran and how he got there, as Chris Blackhurst wrote in his MT interview with Robert Tchenguiz:

Somehow, despite being a foreigner, Victor became a member of the Shah's inner circle, becoming the royal jeweller and also head of the country's mint. The family were in the elite of Iranian society - the children were pupils at the International School in Tehran and the sons went to university abroad - Robert to Pepperdine in California.

Then the Shah fell. Victor moved the family to London, again displaying enormous dexterity by managing to bring their money over as well.

While the press reports are quite sketchy, the name suggests that the Tchenguiz family may originally be Iranian Jews, perhaps named Molayem (i.e. soft), which would fit the unusual "Molaaem" spelling of the family name. Although Victor and Violet met in Baghdad, they were married in Iran after a very short courtship, apparently in 1955 according to a 2009 interview with their daughter Lisa. There would be no reason for Iraqi Jews to be married in Iran if they did not have family there:

Lisa's own parents, who are both Iraqi Jews by origin, had a semi-arranged marriage. Her father spotted her mother walking beside the canal in Baghdad, and introduced himself to her father at a café. Several coffees later, the deal was done. 'My mother was at home when her mother came in and told her that she was having an engagement party the following week.' The couple 'dated' for five days, heavily chaperoned, then married in Iran.

Fifty-four years later, they are still together and, says Lisa, happily so.

It is well known that the Mossad, Israel's intelligence agency, played a key role in supporting the Shah of Iran and his secret police, the SAVAK, as the Wikipedia article on the Mossad notes:

Prior to the Iranian Revolution of 1978–79, SAVAK (Organization of National Security and Information), the Iranian secret police and intelligence service was created under the guidance of United States and Israeli intelligence officers in 1957 to protect the regime of the shah by arresting, torturing, and executing the dissidents (especially Leftists). After security relations between the United States and Iran grew more distant in the early 1960s which led the CIA training team to leave Iran, Mossad became increasingly active in Iran, "training SAVAK personnel and carrying out a broad variety of joint operations with SAVAK."

As the Jew who headed the Iranian mint and served as court jeweller for the Shah, Victor Tchenguiz would have worked closely with the Mossad. The Mossad connection would explain why Victor lives in Israel while his "billionaire" children and grandchildren all live in Britain. Why would Victor leave his family and home to retire in a country where he has never lived? The evidence suggests that Victor is indeed "the brains" behind the looting of Iceland and probably needed to be in Israel - close to his Israeli partners-in-crime - to pull off the mega-heist.

Sources and Recommended Reading:

"Robert Tchenguiz: I lost everything with Kaupthing", by Jóna Ann Pétursdóttir, Pressan (Island) May 7, 2010

"Persian playboy goes shopping", by Conal Walsh, The Observer, May 25, 2003

"The Tchenguiz sister", by Lydia Slater, London Evening Standard (U.K.), May 15, 2009

Wikipedia article on Mossad

NTS Notes: Why does it always seem that when you dig deep enough into any financial debacle or crisis today, or throughout history, you find Zionist Jews involved? There seems to always be a pattern of their incessant greedy and evil ways, and how they make off like bandits while the people caught up in their crime suffer the most. Iceland is a prime example of their criminal parasitic ways, definitely!

More to come


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