[NEWS]Iceland

[Barotix]

Apparently all hell has broken loose in Iceland.

Excerpt; first link.

Spoiler!

Tiny Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar — leaving a country regarded as a model of Scandinavian prosperity in a state of shock.

Excerpt; second link.

Spoiler!

Iceland, a nation recently prided as a great example of the “Scandinavian Model” of a prosperous welfare system, has in a matter of months been transformed into the least politically and economically stable nation in Europe.

[Snoopy]

^lol.

Another one bites the dust?

[Midori]

For a second i thought this would be about it melting, since it's ice and all.

[heroo]

Alot of Dutch were farked by IceSafe.

Many lost hundred of thousands of euro's.

[LillDev!l]

lolz, knew that since march.... >.> iceland has been going downhill since the start off this year

[nohunta]

I got a question. If everyone is losing money...Who the hell is gaining it?

[PhoenixRider]

Lets see.

People getting loans from the bank that they cant pay back so their bankrupt. Banks are becoming bankrupt also... I would have to say the government of some countries are rich as hell since they get their money in taxes. But walmart is also seeing a rise in customers.

[LillDev!l]

well, iceland sure wont be rich xD
11,8 percent inflation a year, highest base interest(?) rate off the world at 15,5 percent, and the value off their currency went down by 25% this year compared to the euro >.< ... ouch

[Grimjaw]

Iceland's sinking fast.

[XemnasXD]

yeah has been going on for awhile, but i like the whole [NEWS] bracket thing. Icelands not the only country thats been hit hard by this economic crisis, i've said it b4 its only a matter of time before we see more countries rioting...

[user]

you guys wanna pitch in some money to buy iceland? i got 3k and 3mil sro gold

[Grimjaw]

you gets wanna pitch in some money to buy iceland? i got 3k and 3mil sro gold

Invest it in an Education..

[user]

you gets wanna pitch in some money to buy iceland? i got 3k and 3mil sro gold

Invest it in an Education..

user(FROM):10k plz
user(FROM):me am girl me
user(FROM):love you long time

[woutR]

you gets wanna pitch in some money to buy iceland? i got 3k and 3mil sro gold

Invest it in an Education..

Real estate is a good investment.

[l05tfr33k7]

For a second i thought this would be about it melting, since it's ice and all.

isn't Greenland the one with the ice? i never understood that. Greenland has much much more ice than iceland. >.>

[Reise]

Tis a rough time to be a viking.

[Midori]

For a second i thought this would be about it melting, since it's ice and all.

isn't Greenland the one with the ice? i never understood that. Greenland has much much more ice than iceland. >.>

Yeah, thats the joke.

[l05tfr33k7]

o ok.

[ImmortalKiller]

Many people have the idea that if someone is losing money, someone is gaining money.


Not so.

I don't have the time to prove my point, but just because person A lost $10 doesn't mean someone somewhere gained $10.

[l05tfr33k7]

Many people have the idea that if someone is losing money, someone is gaining money.

banks?

[Barotix]

The banks are collapsing.
The government is collapsing.
The society is starting to riot.
?????
Who can PROFIT!?
No-one. Everyone gets farked. The people that do profit [at the expense of none] are those who practiced some prudence.

Many people have the idea that if someone is losing money, someone is gaining money.


Not so.

I don't have the time to prove my point, but just because person A lost $10 doesn't mean someone somewhere gained $10.

QFT!
+1 [been so long since I +ed someone]

[Argonaut]

I got a question. If everyone is losing money...Who the hell is gaining it?

Its called a "recession".

[SM-Count]

I read NEWS as NSFW and expected loads of naked blond women rolling around in snow, so disapointed.

[ImmortalKiller]

I read NEWS as NSFW and expected loads of naked blond women rolling around in snow, so disapointed.

With what's happening in Iceland, and the high possibilty of beautiful women in poverty...

it's only a matter of time.

[user]

I don't have the time to prove my point, but just because person A lost $10 doesn't mean someone somewhere gained $10.

Where is the $10 dollars then? Just like the law of conservation of something, mass? (in this case money) doesn't just appear and disappear out of nowhere

[Priam]

Well, it's great for a friend of mine, since he's going to iceland in january. Everything is cheap as hell, with the Icelandic Krona being very favourable to the Euro.

So in a way, he's gaining money There will always be people profiting off anothers loss, one way or another.

I don't have the time to prove my point, but just because person A lost $10 doesn't mean someone somewhere gained $10.

Where is the $10 dollars then? Just like the law of conservation of something, mass? (in this case money) doesn't just appear and disappear out of nowhere

Oh c'mon, grab a book about minor Economics.

[ImmortalKiller]

Well, it's great for a friend of mine, since he's going to iceland in january. Everything is cheap as hell, with the Icelandic Krona being very favourable to the Euro.

So in a way, he's gaining money There will always be people profiting off anothers loss, one way or another.

I don't have the time to prove my point, but just because person A lost $10 doesn't mean someone somewhere gained $10.

Where is the $10 dollars then? Just like the law of conservation of something, mass? (in this case money) doesn't just appear and disappear out of nowhere

Oh c'mon, grab a book about minor Economics.

Awww. You replied before me.

Imagine this:

Jim decides to buy out company A for 10$ a share.

Jim has all of a company's stock.

Jim's stock is dropping, and he is trying to sell his stock before it's too late. He sells at 6$ a share.

I buy all of his stock thinking that the company will turn around.

It continues to decline and the company goes bankrupt.

The only interaction of money was between me and Jim. Nobody won money, everyone lost.


The law of conservation of mass has NOTHING to do with economics.

[Lempi]

For a second i thought this would be about it melting, since it's ice and all.

I thought it was about the British Supermarket, Iceland

[Barotix]

Spoiler!

Well, it's great for a friend of mine, since he's going to iceland in january. Everything is cheap as hell, with the Icelandic Krona being very favourable to the Euro.

So in a way, he's gaining money There will always be people profiting off anothers loss, one way or another.

Where is the $10 dollars then? Just like the law of conservation of something, mass? (in this case money) doesn't just appear and disappear out of nowhere

Oh c'mon, grab a book about minor Economics.

Awww. You replied before me.

Imagine this:

Jim decides to buy out company A for 10$ a share.

Jim has all of a company's stock.

Jim's stock is dropping, and he is trying to sell his stock before it's too late. He sells at 6$ a share.

I buy all of his stock thinking that the company will turn around.

It continues to decline and the company goes bankrupt.

The only interaction of money was between me and Jim. Nobody won money, everyone lost.


The law of conservation of mass has NOTHING to do with economics.

People have to stop treating economics like a science. It isn't complicated, but they color it a certain way causing all kinds of misconceptions among the public.

[Doron]

poor iceland..

that will be pulling some tourists then...

but... this whole money crisis is Farking me up.

cigarette prices fro my favourite brand:
from 3,40 to 4,-
from 4,10 to 5,-
from 4,80 to 6,-

three different amounts of cigarettes, they look so cheap.

but now, I mean, I have to work 2 Farking hours for the big pack now.

*in euro's eh*

and even the prices at the McD's I work are going up. Farking rip-offs.