
11/26/11, 09:22 PM
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Join Date: Oct 2003
Location: Carthage, Texas
Posts: 12,261
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Quote:
Originally Posted by where I want to
In fact I saw a news story on this a couple of weeks ago- although they did not dissolve into chaos, there is a lot of unemployment and reductions in standards of living.
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A nation of poor fishermen... flirted with high finance, everyone's standard of living went from subsistence to 1st world standards... then they 'business model' collapses, they default on their loans, and burn millions of foreigners... then they're back to their original standard of living again (but get to keep all their new homes and nice toys they could never ever afford originally).
I'd say good luck ever getting credit again Iceland.
Wars have been started over less... but then, exactly what does Iceland have that anyone would want? Geothermal energy? Hard to bottle up and transport...
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Luck is what happens when preparation meets opportunity. Seneca
Learning is not compulsory... neither is survival. W. Edwards Deming
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