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Author Topic: Iceland going bust? (Angus?)  (Read 4151 times)

Offline DarkglamJG52

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Re: Iceland going bust? (Angus?)
« Reply #60 on: October 10, 2008, 02:20:40 PM »
The situation sounds like Sigur Ros songs: very very sad.

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Offline pallero

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Re: Iceland going bust? (Angus?)
« Reply #61 on: October 11, 2008, 04:25:18 AM »
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Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #62 on: October 11, 2008, 09:35:08 AM »
The red letters were appropriate
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline KgB

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Re: Iceland going bust? (Angus?)
« Reply #63 on: October 11, 2008, 04:34:08 PM »
Quote from: Reschke on October 07, 2008, 10:24:43 AM
The Russian emergency loans also have fine print indicating a takeover ala "Red Storm Rising".

"It's the end of the world as we know it" - R.E.M. seems like a fitting song for the times we live in.
You need to drop all that "Red" crap.USSR is no more,you won,get over it.
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Offline Hangtime

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Re: Iceland going bust? (Angus?)
« Reply #64 on: October 11, 2008, 06:16:14 PM »
in another 40 years, when we're sure the commies ain't running the show again..

..like they are now.
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The price of Freedom is the willingness to do sudden battle, anywhere, any time and with utter recklessness...

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Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #65 on: October 12, 2008, 09:15:15 AM »
Russia is not to be underestimated, nor the chess-playing ability.
Putin's move in this affair is very clever, very very clever.
And in our case, already the Norwegians are worrying about the Russians "moving" into Scandinavia like this..
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline lazs2

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Re: Iceland going bust? (Angus?)
« Reply #66 on: October 12, 2008, 09:27:17 AM »
stop you guys... politics are icky.

lazs
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Offline KgB

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Re: Iceland going bust? (Angus?)
« Reply #67 on: October 12, 2008, 10:08:42 AM »
Quote from: Hangtime on October 11, 2008, 06:16:14 PM
in another 40 years, when we're sure the commies ain't running the show again..

..like they are now.
If you look for an  enemy you will always find one.

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"It is the greatest inequality to try to make unequal things equal."-Aristotle

Offline Hangtime

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Re: Iceland going bust? (Angus?)
« Reply #68 on: October 12, 2008, 01:50:05 PM »
one can only hope.
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The price of Freedom is the willingness to do sudden battle, anywhere, any time and with utter recklessness...

...at home, or abroad.

Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #69 on: October 13, 2008, 03:59:47 AM »
Update.
The govt seems to have made enough deals to save the day. There are deals with the Brits, the Dutch, the Scandinavians, and today their committee arrives in Russia for a 3-day meeting session.
The banks are all now under govt control (emergency law), and their foreign assets will be sold to pay off their debts, - I belive they will not be run in other countries no more.
What basically happened is that they ran out of loose money and went sideways with humongous losses to British and Dutch funds, and due to international law/contract the Icelandic govt was responsible for the payback, which is many times the GNP! However there are also impressive assets.
So, meanwhile our young business cannons still have their jets and yachts....
They were not to be trusted (The govt banks were put into private hands just a few years ago).
Now, since I just found out I was one of the guarantors, I'd like a jet please :D
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline Hangtime

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Re: Iceland going bust? (Angus?)
« Reply #70 on: October 13, 2008, 05:43:51 AM »
Quote from: Angus on October 13, 2008, 03:59:47 AM
Update.
The govt seems to have made enough deals to save the day. There are deals with the Brits, the Dutch, the Scandinavians, and today their committee arrives in Russia for a 3-day meeting session.
The banks are all now under govt control (emergency law), and their foreign assets will be sold to pay off their debts, - I belive they will not be run in other countries no more.
What basically happened is that they ran out of loose money and went sideways with humongous losses to British and Dutch funds, and due to international law/contract the Icelandic govt was responsible for the payback, which is many times the GNP! However there are also impressive assets.
So, meanwhile our young business cannons still have their jets and yachts....
They were not to be trusted (The govt banks were put into private hands just a few years ago).
Now, since I just found out I was one of the guarantors, I'd like a jet please :D


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The price of Freedom is the willingness to do sudden battle, anywhere, any time and with utter recklessness...

...at home, or abroad.

Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #71 on: October 13, 2008, 06:04:05 AM »
Maybe I'd want the yacht after all...


This is the one....
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #72 on: October 13, 2008, 08:39:49 AM »
BTW, the "foreign" bank affairs of the Icelandic banks can ironically be compared with this:
http://www.youtube.com/watch?v=KX61PUZ3xkI
(There's par1 and part2)
Enjoy   :devil
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline Angus

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Re: Iceland going bust? (Angus?)
« Reply #73 on: October 13, 2008, 09:10:52 AM »
And the tycoon behind of a good part of this:
http://www.dailymail.co.uk/news/article-1076699/The-devils-enjoying-days-Hell--billionaire-blonde-wife-friends-helped-bring-Iceland-brink.html

They got rich originally on food stores, then somehow using Enron-tactics to gobble up firms, first in the country, then moving out.
The profit was never enough, and this family from old (his father, food store owner and her father, same) have been stabbing at the countries agriculture for years, since imports are somewhat restricted.
Well, the farmers are as bankrupt as they were, and people are emptying the stores of import goods.
I feel happy to be a farmer, and have some difficulties not chuckling over what those tycoons are being hit with  :devil
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It was very interesting to carry out the flight trials at Rechlin with the Spitfire and the Hurricane. Both types are very simple to fly compared to our aircraft, and childishly easy to take-off and land. (Werner Mölders)

Offline Hangtime

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Re: Iceland going bust? (Angus?)
« Reply #74 on: October 13, 2008, 10:23:15 AM »
Ya done good Angus.. kitchen table economics works; always has. Hope you come outta this ok.  Seems the markets are coming up a bit here... but the day ain't over yet.

Watching the Markets here has higher TV ratings than NASCAR.. goes round 'n round and even more crashes per hour.

;)
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The price of Freedom is the willingness to do sudden battle, anywhere, any time and with utter recklessness...

...at home, or abroad.
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