Off-topic but I've always wanted to go here:

http://i.thestar.com/images/a3/06/39...44d7fc38b.jpeg

For those hankering for Icelandic beauties.. One of Iceland's national asset is their gene banks / data, since everyone is so closely related.. most people have kids before they get married in their teens. They actually license their gene data out to researchers.

It might a be a bit difficult for a stereotypical Asian RSer to get into the game. ;)

Denmark might have something to say about it (Iceland's former overlords).. but I think that's pretty much it.

Icelanders are fiercely independent.. so honestly politicians might say one thing but the locals will not like it very much.

Iceland is not that big.. so I don't see any direct benefit to the Big 5 banks in terms of customers.. AND it is not like Iceland is the back waters like NWT where there is no ATM machine for miles.

300k population like someone said above.
300k bank fees / mortgages/ loc's / investments / etc. etc. the $ value of all banking products is probably close to about 1-2billion. that some nice top line growth for the top 5 banks

Again you are assuming Iceland doesn't have existing banking infrastructure... they do (which got them into trouble in the first place).. Adopting Canadian $ as a sovereign currency doesn't automatically mean the Big5 has access to the market in Iceland. In fact, if they go they will have a huge learning curve as Icelanders are more mobile than our typical Canadian banking customer.

Don't ever try to see what is at the bottom of those pools. :heckno:

I'm not sure how this works so I have to ask. If they do decide to go with the CAD what happens to there current money and debts? I have no clue what there dollar is worth now but its not like we would give them a bunch of cash how would they buy it from us I guess I'm saying?

http://img.list09.com/wordpress/wp-c...orisdottir.jpg

Crossfit girls :megusta:

WOW thats fricken hot

I went there on my way home from London. It's pretty interesting, but also a little overated. I definitely didn't feel any health benefits from soaking there, and it wasn't particularly hot either. Just a lukewarm bath that's a funny colour.


Btw, it's actually pretty cheap to fly to Europe via Icelandair, and you basically get a free stop over in iceland. Stay a few days, and experience it. I want to go back to see the northern lights.

For Canadian, there really isn't much difference. Iceland's central bank would decide a rate that it would convert their krona into CAD and usually provides a deadline of such conversion. Bank of Canada would exchange tons of CAD cash for something of equal value (gold, other currencies like USD, Euro.. etc) and usually sell them on the market to avoid any sudden shock to CAD value.

In essence, Iceland would give up monetary policy (as it can no longer affect the amount of money in circulation) for stability (of CAD) for its people.

These are strategies often used by financial less stabled countries to avoid inflation.

But from an economic point of view though, I don't see it being good for Iceland. CAD is heavily dependent on natural resources, something Iceland lacks. I'd say they would be better off with USD or Euro.

And yet you have no problems believing that the United States is sending an aircraft carrier to the gulf so that Iran can sink it so that they don't have to disassemble it.

:rukidding:

Crazy how wide her mid section still is even with abs. That there is a viking woman!

Why else are they sending the oldest most outdated worthless rust bucket carrier out there? To make sure no one else in the middle east gets nukes? LOLZ.

Iceland's key resource is their energy (geothermal) hence the existence of aluminium plants, tourism and fish resources. Kinda simliar to BC.

I think they should do with Yuan.. since the Chinese tried to buy them anyways. Who wants to use USD or Euro?

Honestly the populace would rather go with Danish Krone than Canadian $.

Ecuador is another country that is based on USD.

The only way I can really see this working on Canada's end is if the Big5 take over/merge the Icelandic Banks and implement our system and banks there. That is the only way to really guarantee the same thing doesn't happen again. I see it as a positive for Iceland too, because they are not only getting a strong currency but also a proven banking system linked to one of the strong world economies.

You are missing CMHC.. there is no such thing in Iceland... the one thing that current gov is so proud to claim that will prevent the same thing from happening here.

even pakistan and afghanistan?

Yes.


http://www.nypost.com/rw/nypost/2011...c--300x450.jpg

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