posted on Apr, 14 2012 @ 01:00 PM
reply to post by Patifier
Because I pay attention to the news everyday and especially politics and economics.
2 Years ago if I remember correctly some of the international basket loans that the banks where offering were condemned illegal by the Icelandic
But these basket loans were mostly for automobiles and the people who had those loans didn't need to pay them anymore and some, like me, got refunded
for the loan.
But Iceland's dept is still #ing high, and thank good we said no to paying the Ice Save accounts. No way in hell that i am paying for the mistake of
some few #ers.
And another thing about Iceland is that we have a really socialistic government right now trying to eliminate competition be increasing taxis and
regulations. Which makes it difficult for the middle class and small companies, for example my grandfathers company is struggling and he has almost no
Every country on this planet is using fiat currency, including Iceland.
Our government is still spending money like crazy and that is adding on to the dept, but they just try to increase taxis instead without thinking
about the negative aspect of doing so.
Our president just signed some treaty/act with David Cameron about "making the internet more safe and legal" some BS.
Iceland is really #ed up. Unemployment is really high and a lot of people would rather get benefits from the government because it's higher than the
# just seems to be getting worse if something.