A whole country on the verge of going bankrupt... ICELAND

[Phidias]

Scary... who's next now?

http://www.businessweek.com/globalbiz/content/oct2008/gb2008109_947306.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

 

[gridlock]

my grandma has about 24,000 dollars in a bank over there. she got news today she cant do anything, she's lost it

i feel real bad for her. she's 84, ill, and wanted to leave something to her kids.

its getting bad everywhere now

 

[patrick]

anyone

who puts their money in a bank which has about EUR 60 million equity to repay customers when something goes wrong doesnt know what they are doing. When a bank hasnt got any backup, it will go wrong eventually........

 

[oldfella]

So, is this how it starts? Is this the beginning of a collapse in the total world economy. I am sure it is going to deepen before it gets any better. But how bad will it get? The small fish get eaten by the bigger ones. The one to watch here is PUTIN. I believe the next world war will not be fought on the battle field with military hardware, it will be fought with money! Collapse after collapse and then someone like Russia or China will move in and take over by buying the country out of debt, but owning them in the process. Oh yes it's scary alright!

 

[confuzed_guy2000]

Scary... who's next now?

http://www.businessweek.com/globalbiz/content/oct2008/gb2008109_947306.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

DOW just close down -600 at about the 8600 level... Nobody is immune from the scam known as Fiat money...

 

[confuzed_guy2000]

So, is this how it starts? Is this the beginning of a collapse in the total world economy. I am sure it is going to deepen before it gets any better. But how bad will it get? The small fish get eaten by the bigger ones. The one to watch here is PUTIN. I believe the next world war will not be fought on the battle field with military hardware, it will be fought with money! Collapse after collapse and then someone like Russia or China will move in and take over by buying the country out of debt, but owning them in the process. Oh yes it's scary alright!

"We will bury you without firing a shot." --Nikita Kruschev to the USA