Ivor O’Connor

October 23, 2008

Iceland economy closed due to terrorism?

Filed under: Uncategorized — ioconnor @ 6:38 pm

Surreal Reykjavik

“The world is treating us like we’re dead. Bank accounts frozen. No buziness without cash payments in advance. No currency can be bought. The stock market is closed (not that I have anything left there). Imports have stopped because of closed currency markets and diapers, flour, sugar and other neccesities are selling out in the shops.

I would like to remind the world that the banks went down because of a chain reaction – that started in the US. I’m not going to tell you the chain of events, the intervention of politicians, the misunderstandings, the dispute with Britain where they used their anti-terrorist laws to confiscate Icelandic assets.”

Surreal Reykjavik

I’ve heard the stories. Apparently, unlike London and the USA, Iceland’s government does not have the resources to back up the bad decisions of the money handlers. The reality of living through this is impossible to comprehend. Perhaps it should be monitored, from afar, very closely.

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