Iceland’s Economy now growing faster than the U.S. EU after arresting corrupt bankers

[EE_]

So Iceland decided not to follow the rest of the world by bailing out the bankers. Instead, they chose to arrest them. Now their economy is recovering faster than the EU and the United States. Hmmmm.

Remember when the United States government told the American people that immediate action was required to save the banks, and save our nation from complete collapse? An action in the form of Billions of dollars of National Debt? Yeah, we remember that! Now Trillions of dollars in National debt later, we are in the same position we were in 4 years ago, just more debt. As a matter of fact Federal Reserve Chairmen Ben Bernanke has called for yet another stimulus that will add more debt onto the mountain we already have.

At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world. Now they are one of the fastest growing economies in the world.

Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?

After watching this video tell us what you think? Was Iceland off their rocker for sending the bankers to jail, or on to something that America should have done as well?


http://www.youtube.com/watch?v=64eI831eKY8&feature=player_embedded#!

http://americanlivewire.com/world-economic-news-icelands-economy-now-growing-fas/

[Horn]

Needs to go viral.

[chad]

there's only 300,000 people in the entire county, and the minority rate is 3%, so that may have helped as well. that's a small group with a work ethic.

[Horn]

there's only 300,000 people in the entire county, and the minority rate is 3%, so that may have helped as well. that's a small group with a work ethic.

I can't imagine a dynamic system in sub zero seasonal temperature situation.

A self sustaining energy system was relied on heavily, probably more so, no doubt.

[Sparky]

I can't imagine a dynamic system in sub zero seasonal temperature situation.

A self sustaining energy system was relied on heavily, probably more so, no doubt.

Because it is a marine environment, Iceland is not really a "sub-zero" climate. Mid-winter temperatures in Reykjavik (home to more than 1/3 of all Icelanders), are a little cooler than New York City, and a little warmer than Boston, and much warmer than Casper, Wyoming. The biggest thing that makes it "cold" is that their summers don't get warm.

Hi/Lo Temp (F) Dec...Jan...Feb

Boston............42/28...37/22...38/24
Reykjavik.........36/27...35/27...37/28
New York.........44/32...39/27...42/29
Casper, ..........34/14...33/12...37/16

[Horn]

When are you going to convert to the metric system, Sparky?

be dynamic.

Its called Iceland because its balmy... lol

[Horn]

Hydro and geothermal energy make a cloud green

Iceland's electric grid is almost 100 percent green.

This means that the Keflavik data center is also almost totally green, emitting close to zero carbon.

http://www.dw.de/dw/article/0,,16276749,00.html

[Sparky]

When are you going to convert to the metric system, Sparky?

be dynamic.

Its called Iceland because its balmy... lol

You learn in geography class that Greenland is icy and Iceland is green!

The Gulf Stream makes its way up the North Atlantic and arrives at the shores of Iceland, protecting it from extreme cold in the winter, in spite of its northern latitude.

Iceland got its modern name from another visitor, the Norwegian Viking Flóki Vilgerðarson. The Landnámabók makes it clear that Flóki chose the uninviting name ísland ("ice land") for the view of a distant fjord full of sea-ice that he glimpsed from a tall mountain. No doubt his choice was influenced by the fact that he was not at first taken with the land, and he bad-mouthed the place after his return to Norway. But eventually he changed his mind about it and moved there himself. The Landnámabók account is at odds with the common notion that Iceland was named for its glaciers, some of which are bigger than any in Europe.

[Serpo]

And its icy intolerance of fat ,gluttonous,piggy type bankers....................

[beefsteak]

The Gulf Stream makes its way up the North Atlantic and arrives at the shores of Iceland, protecting it from extreme cold in the winter, in spite of its northern latitude.

Sparky,
I was under the impression that since GOM BP blowout/fractured seabed, the Gulf currents had changed and were headed over to UK and not up to Greenland OR Iceland anymore.

Could it be that the textbooks just aren't current? Or are they PTB edited perhaps?

[Horn]

You learn in geography class that Greenland is icy and Iceland is green!

With that 240% debt ratio prior, i would say anything but.

I tend to think sometimes your school was created in an icy vacuum.

[Neuro]

You learn in geography class that Greenland is icy and Iceland is green!

The Gulf Stream makes its way up the North Atlantic and arrives at the shores of Iceland, protecting it from extreme cold in the winter, in spite of its northern latitude.

Iceland got its modern name from another visitor, the Norwegian Viking Flóki Vilgerðarson. The Landnámabók makes it clear that Flóki chose the uninviting name ísland ("ice land") for the view of a distant fjord full of sea-ice that he glimpsed from a tall mountain. No doubt his choice was influenced by the fact that he was not at first taken with the land, and he bad-mouthed the place after his return to Norway. But eventually he changed his mind about it and moved there himself. The Landnámabók account is at odds with the common notion that Iceland was named for its glaciers, some of which are bigger than any in Europe.
Interestingly Erik the Red, named Greenland so, because he wanted to entice people to move to his new Colony, on the South West coast of Greenland (Grønland). A marketing ploy. It was warmer there though a thousand years ago, but it was still covered with Ice... The Vikings were there before the Eskimoes.

[Horn]

3812

[Neuro]

3812
Not horrendously balmy in the summer...

[Horn]

Iceland http://upload.wikimedia.org/wikipedia/commons/thumb/3/3c/Speakerlink.svg/11px-Speakerlink.svg.png (http://upload.wikimedia.org/wikipedia/commons/e/e0/En-us-Iceland.ogg) <---- Sparky, hit the blue button. :)

[Sparky]

Sparky,
I was under the impression that since GOM BP blowout/fractured seabed, the Gulf currents had changed and were headed over to UK and not up to Greenland OR Iceland anymore.

Could it be that the textbooks just aren't current? Or are they PTB edited perhaps?

I don't know. I'm talking about historically. You can get a sea surface map on line that would probably be a good indicator.

[Sparky]

3812

Those are consistent with my numbers, since the average daily temperature is defined as the average of the high and low daily temperatures, and your chart is in Celcius. Not that bad, really. Just no real heat in the summer.

[Twisted Titan]

Tagggggg

[Horn]

Not that bad, really. Just no real heat in the summer.

What do you think, Sparky?

Which was more responsible for the rapid rebound of Iceland, their "oneness", or their next to free energy bill?



The average monthly household electricity bill in Iceland is $20 – $30. This includes heating and water.
The majority of Icelandic houses are heated by geothermal water.
Iceland’s streets are heated by geothermal water so they do not become slippery in winter.
Icelanders pay 37-46% income tax. However they do not have to pay for things such as healthcare and education.


http://www.donteverlookback.com/2011/11/did-you-know-random-facts-about-iceland/

[Sparky]

What do you think, Sparky?

Which was more responsible for the rapid rebound of Iceland, their "oneness", or their next to free energy bill?



http://www.donteverlookback.com/2011/11/did-you-know-random-facts-about-iceland/

I'm pretty sure it had more to do with the $5 Billion in debt that they defaulted on. That's $15,000 per capita.

[Horn]

I'm pretty sure it had more to do with the $5 Billion in debt that they defaulted on. That's $15,000 per capita.

Now your being like the guy on the motorcycle who was questioned if he had a weapon, when he was open carrying.

You're answering improperly, and I'm going to have to handcuff you...