Iceland, The Template Of Whats To Come?

Iceland, The Template Of Whats To Come?

www.bloomberg.com

After a four-year spending spree, Icelanders are flooding the supermarkets one last time, stocking up on food as the collapse of the banking system threatens to cut the island off from imports.

(visit the link for the full news article)

Iceland has been the hardest hit western country so far, is this what’s in store for the US, UK and rest of Europe?

The end of the floodlit all you can eat supermarkets?

We are at the mercy of shipping ports i know for fact most of the Fields here in the UK dont grow food for use in the UK all this damm bio fuel (all the bright yellow fields)

should the ships stop rolling in how long do most country’s have in stock? Or really..... How much stock do the supermarkets have?

Not enough for a month i bet! ...

Tho maybe this would end the binge eating of western society and maybe share the food all the world round


*cross’s fingers and hopes this the end of the greedy world we know*

i would urge ever one to start stocking tinned goods and eat them! and replace and rotate (and buy stuff you like of corse unlike what my g/f did )

www.bloomberg.com
(visit the link for the full news article)

Consider... With credit freezing up, fuel will be unavailable except on a cash basis. Do the airlines, trains, buses, boats, big rigs, gas stations, etc. pay for their fuel in cash?

Virtually never.

So... Except where cash can be tendered, the fuel will stop flowing.

And if the fuel stops flowing...the food distribution network falls apart.

And then...

Heh, uglier things, to be sure.

The UK will be fine... unless things get much much worse. Icelands economy was dependent on the banking system and they waaaaaay overdid their spending.

The UK's economy is much more robust. The investment based end of it could cause some problems though..

Iceland may well be the exception, but for them the outlook seems terrible. How much are they in debt now per head of the population?

Also of consideration is how dependant on importas Iceland is for virtually everything. The US & UK can at least still claim to produce most of their necessities of life (aside from gas) so a period of isolationism isn't going to spell doom for us all.

You can't eat magma. Hope their near land stocks have not been overfished!

I found some interesting observations about this on an Asian news site


Interesting Observations on greater geopolitical implications


Begin with the facts that Russia & Arab countries are Still Oil Rich, and that Russia was the only country to return Iceland's call for financial help.

With both the US and EU in deep financial trouble, the chances of any quick rescues of Iceland looks depressingly low, giving more than enough room for the Russians to negotiate non-financial terms for their willingness to help.

Pretty soon, it is possible that Arab countries could look to providing similar deals to take over parts of their old empire including Turkey, Spain et al by using the leeway granted by the current financial crisis.

reply to post by TreX-UK


It's not a "fact" that the UK doesn't grow it's own food. Around 60-70% of the food consumed in the UK is produced here. The rest is made up mostly of foreign seasonal or speciality foods that cannot be grown here and to be frank, we could do without during times of hardship.

Think about it, in WW2 the germans were sinking a huge amount of shiiping and we didn't have mechanised mass farming, yet we didn't starve. Yes, times were hard and there was rationing, but remember we were also in the middle of a War and had a huge army to feed too.

But that situation will never come around. The UK economy is generally sound, it's the financial sector dragging us through the mud as they were over exposed to the real estate market in the US when it collapsed.

Originally posted by atoms.2008
Pretty soon, it is possible that Arab countries could look to providing similar deals to take over parts of their old empire including Turkey, Spain et al by using the leeway granted by the current financial crisis.

Yea, the same way as the British empire will take back the US when it goes completely broke.

Things aren't that bad in the EU, the only real problem is a couple of member state recessions and a lack of liquidity for interbank/inter state lending which is slowly turning around since the recent eurozone guarantee.

Wanna know how bad it is in Iceland?

en.stockq.org...

Originally posted by Universal Light
Wanna know how bad it is in Iceland?

en.stockq.org...

WOW that hurts...What a huge drop

Not a one liner

Originally posted by atoms.2008
I found some interesting observations about this on an Asian news site


Interesting Observations on greater geopolitical implications
....
Pretty soon, it is possible that Arab countries could look to providing similar deals to take over parts of their old empire including Turkey, Spain et al by using the leeway granted by the current financial crisis.

Arab countries to take Spain?... Hilarious the sheer knowledge of these websites...