Monday, October 06, 2008

Iceland, we hardly knew ye

Iceland's currency is evaporating and the country is melting down (economically)

"Yesterday, trading in the shares of six major financial institutions was suspended as the government sought to avert meltdown....Meanwhile, Icelandic interest rates have been catapulted to 15.5 per cent, peaks not seen in Britain since Black Wednesday, in an attempt to rein in inflation. The krona's freefall on the international currency markets is surpassed only by the catastrophic failure of Zimbabwean currency."

Only Zimbabwe's has surpassed it? That's pretty bad, man.

TEOTWAWKI "And I feel fine..."

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