Discussion in 'General Global Topics' started by dilloduck, Nov 24, 2008.
Terror as Iceland faces economic collapse - Times Online
fuck... looks like we are going to have print some more money to buy Iceland now..but
we can make them work it off as cheap labor for the auto industry and fodder for Obama's Afghan surge..or no deal
Well, that sucks. Iceland is one of the most highly developed and freest countries in the world; not bad for a small island that was dirt poor less than a hundred years ago. Not to mention one of those rare nations that developed without enslaving others. Pity to see 'em crash, but that's the way it is.
Isn't Iceland also the leader in tapping geothermal energy?
Yup--apparently they did everything right and STILL crashed. I would think there is a lesson in here somewhere.
You mean the socialist system didn't work
I am shocked and appaled
Sounds to me like their banking system is crapping out pretty much like ours is.
Similar to your ship example, everyone is sinking because we don't HAVE national economies anymore. Iceland was tickled to death because the rest of the world was keeping them afloat.
We have military bases in Iceland. I wonder what's going to happen with them? Do I smell another bail out?
I think we are all going to be told after the fact. No open debates. No chance for input. Do you hear the sound of paper shredders and hard drives being erased ?
Separate names with a comma.