FS: The republic of Iceland

[Muusers]

http://www.independent.co.uk/news/bu...cy-954587.html

I wonder when it'll pop up on ebay

[René_Julien]

I bid 1000 for Ívar, including all his gear.

[Relic]

I've always wanted to move to Iceland, now may be the time to buy

It's scary... tough times we live in.
I've just read that Ireland and Denmark are now in full recession? I'm wondering how low everything will go before it picks back up again.

[marcray]

you can almost commute to NY

[AlphaMale]

http://news.yahoo.com/s/ap/20081007/...and_meltdown_1

[MJ5150]

Wow, I thought those people were loaded over there.

-Mike

[AlphaMale]

Originally Posted by MJ5150

Wow, I thought those people were loaded over there.

-Mike

Yeah they were.

[EricF]

Originally Posted by MJ5150

Wow, I thought those people were loaded over there.

-Mike

They might still be loaded, but now they're out of money, too.

[Barkless Dog]

Why not just print more money like we do and but off your debt for the next generation?

[Muusers]

Originally Posted by Read Icculus

Thinking strategically or militarily, I'd have to think that Russia will bail them out. They're probably working out what they want in return for the loan. It's hard to avoid politics when discussing these things - so stop me if I'm going to far. I think Russia would love to be able to stake claim to the air field at Keflavik (a former US base). As far as stationing planes and ships there I believe Iceland is in NATO as of now so I don't know what would happen if Russia 'takes over'. It would at least make a great place for them to refuel and would surely ruffle some feathers in Washington. Russia is already making such strategic muscle flexing moves in Syria, where they will have a permanent naval base in the Mediterranean at Tartus.

dude, it's 2008, the cold war is long gone... i dont get it what some americans have against russia...

[The Golden Boy]

I've already got one.

[MatticusMania]

I'm not sure if I should put my money towards buying Iceland, or a new Sadowsky, any thoughts?

[bassrique]

Originally Posted by Muusers

dude, it's 2008, the cold war is long gone... i dont get it what some americans have against russia...

The Cold War just took a nap for awhile. The Russians are currently claiming about 1/3 to 1/2 of the Arctic for themselves [oil/natural gas]. The idea Read Icculus posted may not be so far out.

[Mark Wilson]

*Mark Rolls Dice*
*Rolls a 6, 3, and a 4*
*Iceland Rolls Dice*
*Rolls a 2*
*Mark Wins The Game Of Risk*

[Ívar Þórólfsson]

Originally Posted by C'thulhu

I bid 1000 for Ívar, including all his gear.

I'm worth at least 1500!

[Ívar Þórólfsson]

Bah, things are so messed up here right now, it's just insane.

The government and the central bank are doing everything they can to get us out of this crisis.

But the CEO of the central bank actually had a very good tv interview last night. He stated that Iceland as a country will never go bankrupt. Some of the banks will go down under but they are doing everything they can to make it easier on the public.

The reason why this hits us so hard is that our banks have become huge. The economy of the banks is 9-12fold of Iceland's GNP.

So we have a double fail.
1. Is the banks.
2. Is our currency. It is currently in free fall. We have around 14-15% inflation right now. We are dependent on import and with the free fall of our currency, everything is becoming much more expensive which in turn boosts up the inflation

For example:
This time last year, 1 Euro = 84 ISK
Now: 1 Euro = 131 ISK.

This time last year, 1 US $ = 58 ISK
Now: 1 US $ = 96.5 ISK.

It sucks, but I hope that the actions of the government can stabilize our currency soon.

[iamlowsound]

Iceland is now in almost the same position that Canada and New Zealand were in around 1991. Both recovered, but it wasn't pretty when it happened.

lowsound