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| Pay Me Now, or Pay Me Later, Iceland Style | |
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| Tweet Topic Started: Mar 7 2010, 06:47 AM (337 Views) | |
| QuirtEvans | Mar 7 2010, 06:47 AM Post #1 |
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I Owe It All To John D'Oh
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http://online.wsj.com/article/SB10001424052748703502804575101600106854096.html?mod=WSJ_hp_editorsPicks |
| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| Mikhailoh | Mar 7 2010, 06:53 AM Post #2 |
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If you want trouble, find yourself a redhead
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You have to wonder if it could come to a similar situation with the US and China. 'Ah, f*** it. We're not gonna pay you back all that cash we borrowed'. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| Axtremus | Mar 7 2010, 06:57 AM Post #3 |
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HOLY CARP!!!
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Remember: Our national debts are all denominated in the currency we print. |
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| Mikhailoh | Mar 7 2010, 07:05 AM Post #4 |
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If you want trouble, find yourself a redhead
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I'm well aware of that and what effect it it might have on American lives. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| Piano*Dad | Mar 7 2010, 08:51 AM Post #5 |
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Bull-Carp
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I don't know anything about the Icelandic deposit insurance scheme and whether it really covers international depositors in weird institutions like this failed 'bank.' If it did cover these depositors then shame on the Icelandic government for not monitoring that bank more closely, because it has just put the general population's future income in jeopardy. If I were a citizen of Iceland, I too might vote no. The consequences of that choice may be the same as a general default on government debt, but that's OK. Countries do recover from default over time. Sometimes you have to declare national fiscal bankruptcy in order to avoid a worse situation, like paying back foreign depositors some huge fraction of Iceland's national income. In any case, the depositors seem concentrated in a few European countries, so Iceland's relations with them may go in the deep freeze for a few years. If needed, Iceland can seek closer ties to the US and distance itself from Europe. I know that's not what they would like to do in some perfect world, but this is not some perfect world. Their EU aspirations may have to wait. |
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| John D'Oh | Mar 7 2010, 12:39 PM Post #6 |
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MAMIL
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First Bobby Fischer, and now this. We should invade and steal all their, er..... stuff. |
| What do you mean "we", have you got a mouse in your pocket? | |
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| Improviso | Mar 7 2010, 01:09 PM Post #7 |
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HOLY CARP!!!
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What stuff? Their ice? |
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Identifying narcissists isn't difficult. Just look for the person who is constantly fishing for compliments and admiration while breaking down over even the slightest bit of criticism. We have the freedom to choose our actions, but we do not get to choose our consequences. | |
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| Piano*Dad | Mar 7 2010, 01:36 PM Post #8 |
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Bull-Carp
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Magma. That's what the UK really needs.
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| jon-nyc | Mar 7 2010, 02:02 PM Post #9 |
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Cheers
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Steal their geothermal energy! |
| In my defense, I was left unsupervised. | |
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| John D'Oh | Mar 7 2010, 02:59 PM Post #10 |
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MAMIL
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We could rape their fish, but they've probably beaten us to it if I know anything about big men with orange beards called Magnus Torquildosson. |
| What do you mean "we", have you got a mouse in your pocket? | |
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| Piano*Dad | Mar 7 2010, 03:06 PM Post #11 |
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Bull-Carp
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Actually (pardon the seriousness), Iceland has perhaps the best resource conservation program going. The US and the EU could learn of lot from them about how to manage a common property resource like fish. |
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| Red Rice | Mar 8 2010, 06:34 AM Post #12 |
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HOLY CARP!!!
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Iceland produces more supermodels per capita than any other country in the world. I would pillage their women. |
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Civilisation, I vaguely realized then - and subsequent observation has confirmed the view - could not progress that way. It must have a greater guiding principle to survive. To treat it as a carcase off which each man tears as much as he can for himself, is to stand convicted a brute, fit for nothing better than a jungle existence, which is a death-struggle, leading nowhither. I did not believe that was the human destiny, for Man individually was sane and reasonable, only collectively a fool. I hope the gunner of that Hun two-seater shot him clean, bullet to heart, and that his plane, on fire, fell like a meteor through the sky he loved. Since he had to end, I hope he ended so. But, oh, the waste! The loss! - Cecil Lewis | |
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4:25 PM Jul 10