digg

Facebook Connect Join Digg About

NY Times: Stunned Icelanders Struggle After Economy’s Fall

nytimes.com — REYKJAVIK, Iceland — The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t know what you did wrong.”

Who dugg this?

Digg DudeWhat is Digg?

Digg is a place for people to discover and share content from anywhere on the web. Digg surfaces the best stuff as submitted and voted on by the community. Take the Tour to learn more.

8 Comments

show profanity settings
expand all
  • emazur, on 11/08/2008, -0/+12At least it hasn't yet become like Argentina, where retirement accounts were seized by the government and police fired into crowds of protesters:
    short video:
    http://digg.com/politics/Get_Ready_America_It_Coul ...
    long video:
    http://digg.com/business_finance/Argentina_s_Econo ...
    I'd recommend checking out the long video if you have the time (about 1 hour) - there are several parallels between Argentina (once one of the world's richest economies) and the US
  • gardengrocer, on 11/08/2008, -0/+11This will be happening in the USA soon.Get prepared,stock up on food and necessities while you can.
  • mizrae, on 11/08/2008, -0/+7Coming to America soon!
  • jonahtrainer, on 11/08/2008, -0/+6Bet they wish they had their money in gold in offshore bank accounts: http://www.runtogold.com/Run_To_Gold/Videos/Entrie ...
  • bizjet747, on 11/09/2008, -0/+5Despite all this, Icelanders are naturally optimistic, a trait born, perhaps, of living in one of the world’s most punishing landscapes ...Also, Iceland has a highly educated, young and flexible population, and has triumphed after hardship before.
    America has an indoctrinated, brainwashed population that has not been hardship tested for over a generation. Economic crash in America wont be as peaceful as it has been in Iceland.
  • roho76, on 11/09/2008, -1/+4"highly educated"

    If the population as a whole are so educated then the Central Banks would not have been able to pull this over on them. Truth is they got caught up in the Credit and Spend lust that everyone else did. Now they are paying the price for it. The only difference is they are won't allow anymore money to be pumped into the economy like the US is.
  • bizjet747, on 11/10/2008, -1/+3You're entirely correct. By "highly educated", they mean, well indoctrinated. I guess the Icelanders can thank their Ministry of Education, Science and Culture for educating them so well in central banking. Iceland has a compulsory indoctrination, errr.. compulsory education system. So as always the .gov is responsible rendering a "highly educated" band of sheep that allowed the Central Banks to pull this off.
  • odigity, on 11/09/2008, -0/+2No offshore accounts! Don't be stupid. Physical possession only.

  • Add a Comment

    Login or register to comment!
    Or, sign-in super fast with your Facebook account ...


© Digg Inc. 2009 — Content created and posted by Digg users is dedicated to the public domain | Terms of Use Updated | Privacy Policy
DIGG, DIGG IT, DUGG, DIGG THIS, Digg graphics, logos, designs, page headers, button icons, scripts, and other service names are the trademarks of Digg Inc.