All your money are belong to us [sic]

Interesting, it seems that the new image that Iceland is promoting now is one of a debt-defaulting, bankrupt nation. As you can imagine this is really working well it terms of promoting international trade and stability. Now I don’t understand how the hell we got into this, but then again I seem to be in good company as nor do most of the experts from the look of things. Life here in Iceland is getting interesting, as we can’t transfer money out of the island, nor pay for most international services with Krona. This means that we can’t ship the equipment we should have sent to Spain last week, and we can’t buy our plane tickets out there anyway. Banks have limited the amount of money customers can withdraw in Krona, and almost stopped withdrawals in foreign currencies.
Rumors abound as to what the next step might be, and if individuals accounts will have any guarantee. The govt. says all individuals are covered, but they also told the UK this initially, and it is not clear that any guarantee covers non-national residents. My startup business course is still chugging along. The current lectures on company value seem rather ironic right now. I can’t decide if doing this course right now is a great idea as an insurance policy, or just plain stupid..

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Well, it could be worse. You could have Zimbabwean inflation and an ‘interesting’ president…

Good luck.



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