10 October 2008

Melted Iceland

Got the above news from CowboyCaleb's Plurk.

The Icelandic Krona is history.

Iceland has gone bust.

Whoa. This is big shit.

But I was thinking how the hell does a country go bankrupt? Does that mean all 320,000 Icelanders are going to starve?

It's really unthinkable that a country, with one of the highest GDP per capita, could go from riches to rags.

So, the report says that they are seeking a loan from Russia. Imagine Iceland on sale to Russia.

Yeah yeah, it's a loan, not a sell out but for the next 9 years at the very least, every Icelandic ass are belong to Russia, should the loan goes through.

Every Icelandic baby will be born into debt from now and possibly the rest of their lives. The Americans are not far behind going at this rate.

Image Credit:
- Voxeros

1. tim marshall left...
Friday, 10 October 2008 6:28 pm ::
Cunning Ruskies. They lend Iceland enough to stop it melting - Iceland leans towards Moscow - eventually the Kremlin gets an airbase where it wants one? www.skynews/foreignmatters

2. Hamie left...
Friday, 10 October 2008 11:41 pm
a new Cold War in the making.....

3. spinnee left...
Saturday, 11 October 2008 12:10 pm
I'm surprised sinkapore nv offer to 'bail'/'buy'/'invest' them. since they can do it for ML......
oh well. everything's possible in this world nowadays. and seriously, i kinda like this financial crisis now.. HAHAHA

4. JayWalk left...
Monday, 13 October 2008 5:14 pm :: 
Tim Marshall & Hamie: Welcome to the blog. Thanks for the comments, I'd have to admit that I didn't see this as a strategic counter-NATO move until you mention it. VERY INTERESTING!

Spinnee: Singapore won't help as there is no benefit for Singapore to do so. If you are thinking that help is supposed to be out of benevolence, you are going to be sorely disappointed.

5. Ruok left...
Monday, 13 October 2008 7:26 pm
Buy iceland can make free ice for ice kachang mah

6. JayWalk left...
Tuesday, 14 October 2008 9:42 am :: 
ruok: That is so corny that it actually hurt when reading it. >.<

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