Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Rioting In Iceland?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:19 PM
Original message
Rioting In Iceland?
Someone just called and said it was so. Can't get to e television so I'm wondering if they're pulling my leg.
Printer Friendly | Permalink |  | Top
charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:21 PM
Response to Original message
1. Been going on for a couple of days
Maybe it's getting worse. People want their government's head on a pike, and when your gov't is as close and small as a city council, you stand a good chance of getting what you want.
Printer Friendly | Permalink |  | Top
 
charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:32 PM
Response to Reply #1
6. Footage from 2 days ago
Printer Friendly | Permalink |  | Top
 
apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:24 PM
Response to Original message
2. All I got, so far, are these links
Edited on Tue Nov-25-08 03:26 PM by apnu
Printer Friendly | Permalink |  | Top
 
leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:25 PM
Response to Original message
3. From Sunday news...
http://news.bbc.co.uk/2/hi/europe/7744355.stm

There has been a series of protests in Reykjavik calling for the government to resign over its handling of the economy.

The banking system collapsed in October and the currency, the krona, has lost half its value in the past year.

Iceland's government was forced to take over three of its biggest banks last month when they could not keep up with billions of dollars of debt taken on to finance overseas expansion.

The government has taken out $4.6bn (3.1bn) in loans from the International Monetary Fund (IMF) and four of its Nordic neighbours to stay afloat.
Printer Friendly | Permalink |  | Top
 
tama Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:45 PM
Response to Reply #3
9. It was much worse
Edited on Tue Nov-25-08 03:46 PM by tama
Krona didn't just lose half its value. It ceased to be accepted as international currency - forex bureaus stopped buying and selling it.

As consequence, Iceland could not import goods. The stores ran out of macaroni and other imported stuff in days.

USD could be next.
Printer Friendly | Permalink |  | Top
 
crispini Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:27 PM
Response to Original message
4. A couple of links
Printer Friendly | Permalink |  | Top
 
JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:30 PM
Response to Original message
5. video
Printer Friendly | Permalink |  | Top
 
ORDagnabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:38 PM
Response to Original message
7. remember it cant happen here...we're to big to fail. :)
Printer Friendly | Permalink |  | Top
 
Veritas_et_Aequitas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:40 PM
Response to Original message
8. Are you sure he didn't mean Thailand?
Printer Friendly | Permalink |  | Top
 
NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 03:55 PM
Response to Reply #8
10. Them too
Printer Friendly | Permalink |  | Top
 
Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 05:22 PM
Response to Reply #8
11. Well That's What I Thought At First
Looks like he was ahead of me on this
Printer Friendly | Permalink |  | Top
 
Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 05:24 PM
Response to Original message
12. Thanks All
If I was any other government in the world this would give me pause. The firdt domino? Can/will it happen here>
Printer Friendly | Permalink |  | Top
 
charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 05:28 PM
Response to Reply #12
13. Switzerland next
Their teetering banks have the highest leverage vs GDP ratios, worse than Iceland.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Sep 18th 2014, 07:27 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC