Iceland on the Rocks
So what happens when there’s a global financial crisis?
The weakest links begin to snap. It looks like Iceland is the first to break as their government has collapsed.
Iceland. A small island country in the North Atlantic Ocean. Verrry cold. Let’s see, the capital is Reykjavik? That’s where Reagan and Gorbachev had a famous meeting to discuss reduction of nuclear weapons. Famous people? Bjork! That petite eclectic pop singer with the very high voice.
Such a peaceful country. Why did it collapse?
Well, it looks like greed and consumption overtook fundamental principles of savings and production. More on this in future posts.
All we can do now is hope things will be resolved peacefully in Iceland, and that we learn some lessons before the next link in the chain breaks.
Related news: The UK is next?? and Bjork tries to help.
