Landsbanki Hankipanki

Iceland is doing its name proud and freezes all foreign assets. Nobody gets a fish out of that net anymore, seemingly, and pre crash transfers have disappeared into the Limbo of European banks, quite safely, sure . The glitter has gone out of Glitnir, Landsbanki is drowning, and Kaupthing is not worth a farthing. Iceland’s economy has gone belly-up and the great season end sale is on, if quietly yet.

The astonishing thing about this happening is not that it happened, but that there are so many people involved who fell for too high interest rates on the internet. If a thing looks too good to be true, it usually is. So all the greedy can’t get enoughs just got their deserts. Who cares? Obviously some governments do, like the British government. Probably because Labour desperately tries to buy votes for the next elections, the flunkies clamped down on Icelandic holdings in the United Kingdom and restarted the cod war of the 70ies which incidentally was lost on all counts, including the fleet which was tamely handed over to the EU to be scrapped. What really started: A coming alive of the protectionist markets of the 18th century. Brave new world, indeed.

But who would be stupid enough to invest online into a bank they have never seen, situated on an Island nobody wants to go to, with a population as big as Islington’s? Who were these idiots that are costing tax money now? Taxes paid by people with more sense in their little toe than any of these hazarders ever accumulated in a lifetime? Apart from the obvious crooks in the public sector, the town councillors, the accountants of police and fire brigades, and the advisors of the charities, these were just very very very stupid people that now have to be bailed out by sensible us. Maybe it is true that 90 percent of humankind is too stupid to live.

At least I hope that these dummies are proud of themselves. They should be, as mostly it’s the same British individual who is bemoaning too high taxes (which will rise now, thanks), the sell out of British companies to foreigners (which was only possible with this money), the ever worsening public service (which will be crippled now by lack of money), and the too high prices in the stores (which were caused by too high interest rates caused by capital leaving the country). Yes, they should all get a medal for the harm they caused to their country. Or rather give them a peerage, which is the normal payment for services rendered against the interests of the country. As a known war criminal Tony Blair is in the lists for at least a Duchy.