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Thread: Iceland Going Bankrupt?

  1. #11
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    Yes, it's really sad what happen to Iceland, the Icelandic state took over all the bank in-order to save the Bank from going bankrupt. Well this is one of the damages done by American neo-liberalism politicians in Scandinavia which influxes our economy too.
    Jeg er over gjennomsnittet bitter, og liker stort sett ingen andre enn meg selv


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    Quote Originally Posted by Hanna View Post
    Yes, it's really sad what happen to Iceland, the Icelandic state took over all the bank in-order to save the Bank from going bankrupt. Well this is one of the damages done by American neo-liberalism politicians in Scandinavia which influxes our economy too.
    No American Neo-Con/Lib forces Icelanders, you or me to invest in risky business and buy bad loans.
    All Scandianvian currencies are weak currencies - this has to do with insane spendings and with a confiscatory tax system, and not with US-American meddling. Scandinavians need noone to teach them liberalism, they rather should start to become protectionistic again.

    And no, it's not sad people that are greedy and cand handle money get a lesson.
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  3. #13
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    Quote Originally Posted by Aptrgangr View Post
    And no, it's not sad people that are greedy and cand handle money get a lesson.
    They won't be the only ones paying for this though.
    Inflation will make sure that it is everyone who follows the monetary system will pay the price.
    "Nothing is more disgusting than the majority: because it consists of a few powerful predecessors, of rogues who adapt themselves, of weak who assimilate themselves, and the masses who imitate without knowing at all what they want." (Johann Wolfgang Goethe)

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    Quote Originally Posted by Jäger View Post
    They won't be the only ones paying for this though.
    Inflation will make sure that it is everyone who follows the monetary system will pay the price.
    Of course it is us to pay the bill. But it is also us having given all power to corrupt politicans that betray us every day, everyone who wants can see it. If people think they can afford the luxury of this way of living and economy, then a small lesson is no harm. Maybe it leads to a reality check. It does better.


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    Kaupthing, together with Glitnir Bank and Landsbanki, owe a total of US$61 billion, which is twelve times the estimated size of the economy of the country.
    I hope the Russians and IMF will grant Iceland's request and loan them some capital.

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    The anomaly is not that Iceland suddenly 'lost' a bunch of money which they never had in the first place, the anomaly is that everyone on a small fishing island was able to buy BMWs and Land Rovers (and the fuel for them), be able to frequent bars with expensive imported wines, and fly off to London, Copenhagen, and New York for weekend trips. They'll probably come out ahead on the deal, as they will still have their BMWs and Land Rovers unless someone wants to come and repossess them and ship them off to another continent to sell them, and otherwise go back to their lifestyle before the sudden boom.
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    Rather sad to see the PM saying that when they asked their friends, there was no help forthcoming.... so they sort a loan from RUSSIA. The details of this .... I am not sure have yet been given. But I could be wrong I can well imagine Germany turning to Russia too when Obama takes over the world.....


    http://forums.skadi.net/showpost.php...22&postcount=6

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    1) Iceland isn't going bankrupt. 2) Most of the world's having serious economic problems ("US government is bankrupt"). 3) The worlds largest business groups, medias, governments, education systems, royal families belong to the same ethnosocial group. 4) This ethnosocial group has an agenda as is easily observed if their history is studied. 5) This ethnosocial group is known for toying with econemies to get what they want.

    Possibly they pulled the plug on Iceland, probably to make us join the EU and adopt the Euro (as more people want nowadays after the downfall of the króna).

    Quote Originally Posted by SwordOfTheVistula View Post
    the anomaly is that everyone on a small fishing island
    Iceland is the world's 18th largest island, and Europe's second largest island [...]

    [SOURCE: http://en.wikipedia.org/wiki/Iceland]
    Quote Originally Posted by SwordOfTheVistula View Post
    was able to buy BMWs and Land Rovers (and the fuel for them), be able to frequent bars with expensive imported wines, and fly off to London, Copenhagen, and New York for weekend trips. They'll probably come out ahead on the deal, as they will still have their BMWs and Land Rovers unless someone wants to come and repossess them and ship them off to another continent to sell them, and otherwise go back to their lifestyle before the sudden boom.
    Iceland was ranked as the most developed country in the world by the United Nations' Human Development Index. It is also the fourth most productive country per capita [...]

    [SOURCE: http://en.wikipedia.org/wiki/Iceland]
    Anomaly? It might seem that the anomaly here is your ´learning´.

    Quote Originally Posted by Carl View Post
    Well the Government has acted by saying that the nation's banking debt is now too great for the national assets . I hope that's correct .....
    You hope the debt of the banks is too great for national assets?

    Quote Originally Posted by Carl View Post
    (........ then the Saudi's could buy [Iceland] perhaps >?)


    Quote Originally Posted by Carl View Post
    Rather sad to see the PM saying that when they asked their friends, there was no help forthcoming.... so they sort a loan from RUSSIA.
    Why sad? The British & U.S. governments, that is the British plutocracy, have hardly ever been anybody's friend. At least not ours: they invaded us, kept us by martial law and then handed us over to the Yanks. The (Judeo-)British plutocracy has been the most anti-Germanic entity ever.
    "I have reached these lands but newly
    From an ultimate dim Thule
    From a wild weird clime, that lieth, sublime,
    Out of SPACE — out of TIME
    ."
    Edgar Allan Poe


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    Quote Originally Posted by Thulean Imperial Inquisitor View Post
    The British & U.S. governments, that is the British plutocracy, have hardly ever been anybody's friend. At least not ours: they invaded us, kept us by martial law and then handed us over to the Yanks. The (Judeo-)British plutocracy has been the most anti-Germanic entity ever.
    .... wont argue about this observation. I guess the plutocracy follow America mostly....odd really to think just how much Icelandic business has been located in Britain in recent times, as though it was some source of profitable income. Are not assets currently frozen here because of the wholesale default position. Perhaps it wasn't really quite so wise to incurr such a level of debt......but then , none appear to be that exempt from this problem. No, I take no joy in these developments.

  10. #20
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    Quote Originally Posted by Aptrgangr View Post
    Sorry, but that's nonsense. No American Neo-Con/Lib forces Icelanders, you or me to invest in risky business and buy bad loans.
    All Scandianvian currencies are weak currencies - this has to do with insane spendings and with a confiscatory tax system, and not with US-American meddling. Scandinavians need noone to teach them liberalism, they rather should start to become protectionistic again.

    And no, it's not sad people that are greedy and cand handle money get a lesson.
    Yeah, but you can't deny the American neo -liberalism impact on Europeans economic especially most TNC = Transnational Coperation in Iceland were out of business, and it does have an impact on the local business.
    Jeg er over gjennomsnittet bitter, og liker stort sett ingen andre enn meg selv


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