One could say that I am know for non-sequitir thinking, for not leaping to the most logical conclusions, perhaps a very feeble short-term memory, as well. Before the oncet of a cold, like now, I will sometimes drink red beet juice to stave it away. I'll gulp down a whole container and inevitably during the short pause spanning the time it took to take the last sip and the jaunt to the toliet, I will forget that I had made a concerted effort to finish a half litre of not exactly vile nor particularly delicious liquid. I'll start to leave water, and break into a momentary but viseral panic when I see that it is full-on bright pink and a dozen medical traumas flood through my head. I think the
public have gulped down a similar tale with the market corrections and the global financial meltdown. So Iceland is basically bankrupt and this has all the markings of an old fashion run on the bank. If what is happening (exactly what is what is a little tricky to define) is anything more than a market correction, the reigning in of unrealistic and uncreative ambitions, then throwing all the money in the world won't solve it. Precious capitalism can't be rescued through nationalizing businesses and institutions. Credit can't be persuaded to become more cooperative, looser, by ticks of governmental manipulation. No actionable course really addresses any of the root causes, and only serves to undermine the value of real assets. Intelligent and selective amnesties need to be extended while things are allowed to collapse and stagnate, and creativity rewarded over greed and keeping up appearances.
public have gulped down a similar tale with the market corrections and the global financial meltdown. So Iceland is basically bankrupt and this has all the markings of an old fashion run on the bank. If what is happening (exactly what is what is a little tricky to define) is anything more than a market correction, the reigning in of unrealistic and uncreative ambitions, then throwing all the money in the world won't solve it. Precious capitalism can't be rescued through nationalizing businesses and institutions. Credit can't be persuaded to become more cooperative, looser, by ticks of governmental manipulation. No actionable course really addresses any of the root causes, and only serves to undermine the value of real assets. Intelligent and selective amnesties need to be extended while things are allowed to collapse and stagnate, and creativity rewarded over greed and keeping up appearances. 
