jayminho

Analyzing the Crisis in Iceland: Can It Happen Here?

you see simit,
you do have a theory, you fundament it very good.
but, as someone stated above, comparing iceland and US, is just a huge gap.

more than a gap, is a trip from earth to another galaxy.
your own article states something that goes against of what you fear; when you say "the US dollar is the world currency reserve"
and it is, this is a fact.
I rather believe in US than in EURO , look at their growth, look at their birth/death rates,
its unsustainable.

in 50 years, they wont have consumers. simply because, nobody wants to have kids anymore . it goes beyond economics 101
its easier to believe yuan, chinese currency will become world reserve, than EURO.

or probably.. the joke of the year "the amero" - hahaha, oh boy.. =]