Wednesday, January 5, 2011

Freezing Out Iceland

You will soon see why, dear readers:

"Iceland turns to ordinary people to draft a new constitution" by Alda Sigmundsdottir, Associated Press / November 27, 2010

REYKJAVIK, Iceland — Iceland is getting a new constitution — and it is really going to be the voice of the people.  

I wouldn't even mind following the old one here in AmeriKa.

The sparsely-populated island is holding an unusual election today to select ordinary citizens to cobble together a new charter, an exercise in direct democracy born out of the outrage and soul-searching that followed the nation’s economic meltdown....   

Yeah, I heard they even threw some bankers in jail (gasp).

Pressure mounted for action after the nation’s economic collapse in 2008, an event punctuated by ordinary citizens gathering outside Parliament, banging pots, pans, and barrels — a loud, clanging expression of fury....   

America? HELLO?!!!

The election is another twist in the fortunes of this Nordic nation of just 320,000 that went from economic marvel to fiscal basket-case almost overnight.

Banks collapsed in October 2008, and with them the Icelandic currency. Unemployment soared, as did the cost of living.  

That's your future, AmeriKa.

--more--"

Haven't seen a word about them since from the banker's paper.