Krona crashes


This seems like a non related event but I would advise everyone to watch what is unfolding in Iceland very carefully

Iceland has always been a fiercly independent country. It is very different from most countries as it is not as oil dependent.

The crash of the Icelandic Krona shows that no country will be allowed to operate independently, outside the fold of the internationalists. Watch very carefully what happens in Iceland. The really BIG question is, will they be forced to accept the Euro as a replacement currency? If that should happen, the true nature internationalism will be exposed for what it is, a cynical plan to bring all the world's nation states under the control of a small coterie of elitists.

From Wikipedia

Because of the volatility between to euro and the króna, some Icelanders are thinking about the idea of becoming a eurozone member, without joining the European Union. Former Foreign Minister Valgerður Sverrisdóttir has said in an interview with Iceland Radio that she seriously wishes to look into whether Iceland can join the euro without being a member of the 27-nation EU, according to Norwegian news NRK. Valgerður Sverrisdóttir believes it is difficult to maintain an independent currency in a small economy on the open European market. The policy of the present Icelandic government, however, is as before that neither EU membership nor euro adoption is on the agenda.

The issue is highly controversial among Icelanders. An opinion poll on the matter of Iceland joining the European Union released on 11 September 2007, by Capacent Gallup showed that 53% of respondents were in favour of adopting the euro, 37% opposed and 10% undecided. [2] However, another poll produced for the Icelandic newspaper Fréttablaðið and released on 30 September 2007 showed 56% opposed to euro adoption and 44% in favour.

I'd recommend first pegging their currency to the euro first through some kind of rate mechanism, maybe allowing it to fluctaute within a predetermined band, best if they give it a high valuation first tho. What could possibly go wrong?

This year the Icelandic krona....next year sterling, as we approach parity?

Why not tie it to the Norwegian Krone instead? It would make more sense than tying it to the Euro.

There is more likely to be break up of the Euro than the pound joining.

Iceland has been riding for a fall with overleveraged banks in the same way as NR.