So Much for " Happy Iceland "

Discussion in 'General Global Topics' started by dilloduck, Nov 24, 2008.

  1. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403








    Terror as Iceland faces economic collapse - Times Online
     
  2. eots
    Offline

    eots no fly list

    Joined:
    Jan 6, 2007
    Messages:
    28,995
    Thanks Received:
    2,034
    Trophy Points:
    205
    Location:
    IN TH HEARTS AND MINDS OF FREE MEN
    Ratings:
    +2,606
    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
     
  3. Epsilon Delta
    Offline

    Epsilon Delta Jedi Master

    Joined:
    Jul 16, 2008
    Messages:
    2,687
    Thanks Received:
    363
    Trophy Points:
    48
    Location:
    Central America
    Ratings:
    +364
    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.
     
  4. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Isn't Iceland also the leader in tapping geothermal energy?
     
  5. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    Yup--apparently they did everything right and STILL crashed. I would think there is a lesson in here somewhere.
     
  6. Andrew2382
    Offline

    Andrew2382 Gold Member

    Joined:
    Oct 1, 2008
    Messages:
    3,994
    Thanks Received:
    530
    Trophy Points:
    153
    Ratings:
    +537
    You mean the socialist system didn't work

    I am shocked and appaled
     
  7. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Sounds to me like their banking system is crapping out pretty much like ours is.
     
  8. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    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.
     
  9. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,212
    Thanks Received:
    7,829
    Trophy Points:
    1,130
    Ratings:
    +11,776
    We have military bases in Iceland. I wonder what's going to happen with them? Do I smell another bail out?
     
    Last edited: Nov 25, 2008
  10. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    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 ?
     

Share This Page