Arnold Published on October 15, 2008
by Arnoldpro

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Money Is Like A Hot Potato

Wednesday October 15, 2008 at 11:25PM

Today I read an article in the newspaper about the economy in Iceland. They were doing so well in the recent years but for the past year the value of their currency against the Euro has been cut in half. Nobody wants to keep money these days. One Icelander described it this way: "Currently money in Iceland is like a hot potato". The article concludes with a press release of the Icelandic tourist board that promotes Iceland now as a great destination for family vacation and even for Christmas shopping.

Optimism is obviously an Icelandic virtue.

Let's support their optimism by sending them our best wishes!



6 Comments / add your comment?

Pixiepro says:
Thank you Arnold! :D I think this optimism is our viking heritage... we believe there is nothing we can't do and no trouble we can't get out of :o)
Posted 13 months ago. ( permalink )
Arnoldpro replies:
I'm sure you will. Iceland has a lot of gifts for you to help you pass this trouble :-)
Posted 13 months ago. ( permalink )
Ragnheidurpro says:
Thanks Arnold... The WORST thing about this situation is that it is mostly to blame on less then 20 men that have bought almost every big company here in Iceland (well and Denmark also) - and a few days before this situation was out in the open (so to speak) - some of those nice men took a HUGE amount of money from our banking system by cheating and braking every rule and took OUR money abroad and now they are just gone!!! This is the situation in just a few words but this is the bottom line... They gambled with Icelandic government and our money that were supposed to be secure in the banks - sigh...

This financial set back is all over the world these days but we got slammed by these "rich guys" and all the Icelandic nation is paying for their risks and stupidity...
I just hope this is not going to affect our kids and grandkids life but that is probably going to be the case.. They are going to pay for this... :o(

Thanks for your good wishes Arnold they are really appreciated :o)
Posted 13 months ago. ( permalink )
Arnoldpro replies:
Thank you for your thoughts Ragga!

The best thing we can do for our children is to love them and to give them a good education. This will enable them to cope with all problems they will face in their life...
Posted 13 months ago. ( permalink )
Esterpro says:
Arnold, it's a shame that things like that can happen as in so few population country like Iceland.
It's just one word that I have about who have to control here and that is just a Mafia.
People who have worked hard their life long and save their money, they loose 30% nobody is excepting that.
My opinion is that we live in a Mafia country, and if I have a job and base in another country, I am willing to jump as fast as I can.
My mother 77 years old is loosing lot of her money, money that she worked hard for all her life, it's robbery.
Posted 13 months ago. ( permalink )
Arnoldpro replies:
This is what happens when some people get too greedy and the people who should control them don't stop them because they profit from them. Politicians who should play the second role only think until the next elections...
Posted 13 months ago. ( permalink )

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