independent.ie / By Dan White / Sunday December 16 2012
WAY back in the autumn of 2008, the joke in financial circles was that the only difference between Ireland and Iceland was a letter and six months. Now, with the Icelandic banks preparing to issue foreign currency bonds once again, it turns out that the joke was on us.
Remember when the Icelandics did the unthinkable and, unlike Ireland, told bank creditors to take [...]
To restart an icy economy and free its citizens from strict Soviet-style money controls, all Iceland needs is a single planeload of Canadian dollars, a pair of Iceland economists told a packed Bay Street conference room Monday afternoon.
“It would fit nicely in a small plane, we just have to make sure it doesn’t get lost on the way,” said Heidar Gudjonsson, an investment manager and the chairman of Iceland’s Centre [...]
Written by Tom Cleveland, foreign exchange market analyst: While the major foreign exchange event of the past decade would surely be the highly successful introduction of the euro, many may have overlooked the results of the more northern “crown” currencies, those belonging to Scandinavian countries and the Republic of Iceland. Each has tracked well with the success of the euro, but disruption and divergence [...]
by Anonymous: A True Story
The sordid details begin when all hope was lost with the election of Barack H. Obama. The 2008 Presidential election failed to yield a candidate with the knowledge and will to fix the severe transgressions of the USA and our monetary system. On September 16, 2008, failures of large financial institutions in the United States, due to exposure of securities of [...]