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The implosion of Iceland

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    #32
    phantom_lord
    Registered Users Posts: 10,894 ✭✭✭✭phantom_lord


    https://www.kitcomm.com/showthread.php?t=24585


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    #33
    sitstill
    Registered Users Posts: 1,380 ✭✭✭sitstill


    Would now be a good time to invest in some Icelandic currency then, or will the currency never regain its value?


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    #34
    mumhaabu
    Closed Accounts Posts: 1,031 ✭✭✭mumhaabu


    sitstill wrote: »
    Would now be a good time to invest in some Icelandic currency then, or will the currency never regain its value?

    I wouldn't Iceland's currency is doomed and it is only a matter of time before they either join or adopt the Euro as their currency.


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    #35
    Pgibson
    Closed Accounts Posts: 406 ✭✭Pgibson


    Tony Broke wrote: »
    Iceland have one huge advantage over most of the rest of the world - a seemingly limitless supply of cheap clean energy (geothermal).

    They also have complete control over their very large coastal fisheries area.(The reason they stayed out of the EU.)


    .


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    #36
    asdasd
    Closed Accounts Posts: 3,185 ✭✭✭asdasd


    The reason they stayed out of the EU.

    You're saying that Iceland's reason for staying outside the EU was fishy?


    tell your friends. I am here all week.


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    #37
    Pgibson
    Closed Accounts Posts: 406 ✭✭Pgibson


    asdasd wrote: »
    You're saying that Iceland's reason for staying outside the EU was fishy?.

    A large factor.

    They have fought Cod Wars with Britain in over their fisheries:

    http://en.wikipedia.org/wiki/Cod_Wars

    They now have a NEW Cod War with Britain:
    Cash On Delivery.
    .


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    #38
    Run_to_da_hills
    Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    If people in Ireland thought their budget was bad I can imagine what the upcoming budget would be like for Iceland. :eek:


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    #39
    redroar1942
    Closed Accounts Posts: 388 ✭✭redroar1942


    Just back from a weekend in Iceland and I found the similarities between it and Irealnd frightening.

    If it was'nt for our EU membership there would be a green canary in the coalmine.

    On the plus side its suddenly become very cheap there, about 33% less then here. A fantastic holiday location that I'd highly recommend, before rampant inflation kicks in that is.


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    #40
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    redroar1942 wrote: »
    Just back from a weekend in Iceland and I found the similarities between it and Irealnd frightening.

    why? from an economic perspective our economics are nothing alike...


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    #41
    Pgibson
    Closed Accounts Posts: 406 ✭✭Pgibson


    leninbenjamin wrote: »
    why? from an economic perspective our economics are nothing alike...

    It's the women who frightened him.

    Recent analysis of their Mitocondrial DNA proves that Icelandic women are of Irish descent whereas Icelandic men are Norwegians.

    Them-thar Vikings really did steal our women!

    .


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    #42
    todolist
    Registered Users Posts: 812 ✭✭✭todolist


    I believe the EU dictators(the guys who'll make you vote again on Lisbon and give them the result they requested first time) are behind the collapse in Iceland.They seen their chance to force Iceland into the EU and the euro.Norway is next on the hit list.


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    #43
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭BenjAii


    todolist wrote: »
    I believe the EU dictators(the guys who'll make you vote again on Lisbon and give them the result they requested first time) are behind the collapse in Iceland.They seen their chance to force Iceland into the EU and the euro.Norway is next on the hit list.

    They went to a lot of trouble didn't they ? Secretly forcing all those Icelandic banks to overextend themselves borrowing money to buy all that stuff and then engineering a global financial crisis to catch them out.


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    #44
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    todolist wrote: »
    I believe the EU dictators(the guys who'll make you vote again on Lisbon and give them the result they requested first time) are behind the collapse in Iceland.They seen their chance to force Iceland into the EU and the euro.Norway is next on the hit list.

    why the hell would the EU 'dictators' (by this i presume you mean the democratically elected heads of state?) want another f*cked up economy to join their ranks and add further pressure to the already overstretched EU budget?


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    #45
    quad_red
    Registered Users Posts: 5,561 ✭✭✭quad_red


    todolist wrote: »
    I believe the EU dictators(the guys who'll make you vote again on Lisbon and give them the result they requested first time) are behind the collapse in Iceland.They seen their chance to force Iceland into the EU and the euro.Norway is next on the hit list.

    Yeah...

    tinfoil-hat.jpg


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    #46
    Pgibson
    Closed Accounts Posts: 406 ✭✭Pgibson


    todolist wrote: »
    Norway is next on the hit list.

    God help anybody who tries to put oil-rich Norway on any "Hit List".

    Norwegians have a reputation for going "berserk".

    After all,they gave us the word !

    From Icelander Snorri Sturlson's "Ynglinga Saga" :


    "Odin's men went to battle without armor and acted like mad dogs or wolves. They bit into their shields and were as strong as bears or bulls. They killed men, but neither fire nor iron harmed them. This madness is called berserker-fury."

    Beware!

    .


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