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03-05-2012, 11:55 AM
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#26 | | I *heart* Revscene.net very Muchie
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Off-topic but I've always wanted to go here: 
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03-05-2012, 12:50 PM
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#27 | | 2x Variable Nockenwellen Steuerung
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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.  | |
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03-05-2012, 12:52 PM
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#28 | | 2x Variable Nockenwellen Steuerung
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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. Quote:
Originally Posted by Gridlock  All great points that I didn't think of or read. Any risks? | | |
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03-05-2012, 01:37 PM
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#29 | | MiX iT Up!
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Originally Posted by godwin 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
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03-05-2012, 01:49 PM
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#30 | | 2x Variable Nockenwellen Steuerung
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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. Quote:
Originally Posted by tiger_handheld 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 | | |
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03-05-2012, 02:34 PM
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#31 | | Banned By Establishment
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Originally Posted by too_slow Off-topic but I've always wanted to go here: | Don't ever try to see what is at the bottom of those pools.  | |
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03-05-2012, 02:55 PM
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#32 | | In RS I Trust
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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?
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03-05-2012, 03:10 PM
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#33 | | Hacked RS to become a mod
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Originally Posted by FerrariEnzo Iceland is nice and no ice
Greenland is not nice and has ice  with the naming
BTW, i hear Icelandic girls are hot! | 
Crossfit girls  | |
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03-05-2012, 03:14 PM
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#34 | | In RS I Trust
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WOW thats fricken hot
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03-05-2012, 03:32 PM
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#35 | | I am grateful grapefruit
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Originally Posted by too_slow Off-topic but I've always wanted to go here: | 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.
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03-05-2012, 04:31 PM
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#36 | | RS has made me the bitter person i am today!
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Originally Posted by murd0c 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? | 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.
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03-05-2012, 06:58 PM
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#37 | | I bringith the lowerballerith
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Originally Posted by Death2Theft After the hard fought battle that iceland fought to kick the bankers out of their system, I find it impossible to believe they would so blindly sign onto another fiat currency. |
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.
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Babykiller - And next to that, there's a little dot called a period. It's not the stuff you eat out of your sisters gash, it's a handy little tool for breaking up sentences so they don't look like nonsensical retard garbage. | |
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03-05-2012, 07:54 PM
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#38 | | Rs has made me the woman i am today!
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Crazy how wide her mid section still is even with abs. That there is a viking woman! Quote:
Originally Posted by SkinnyPupp
Crossfit girls | | |
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03-05-2012, 07:54 PM
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#39 | | Rs has made me the woman i am today!
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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. Quote:
Originally Posted by Eugene 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. | | |
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03-05-2012, 09:14 PM
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#40 | | 2x Variable Nockenwellen Steuerung
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Originally Posted by Hehe 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. | 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.
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03-06-2012, 04:56 AM
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#41 | | My homepage has been set to RS
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Originally Posted by godwin 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. | 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.
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03-06-2012, 09:54 AM
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#42 | | 2x Variable Nockenwellen Steuerung
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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. Quote:
Originally Posted by falcon 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. | | |
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03-06-2012, 12:21 PM
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#43 | | I contribute to threads in the offtopic forum
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Originally Posted by bloodmack i hate it when ppl say hot girls come from this country.. dude theres always hot girls in EVERY country. | even pakistan and afghanistan?
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03-06-2012, 12:24 PM
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#44 | | To me, there is the Internet and there is RS
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Originally Posted by Sid Vicious even pakistan and afghanistan? | Yes. http://www.nypost.com/rw/nypost/2011...c--300x450.jpg
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03-06-2012, 01:51 PM
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#45 | | Banned By Establishment
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