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<channel>
	<title>Digital Dream Design</title>
	
	<link>http://thrandur.net</link>
	<description>Use DIGITAL technology to make DREAMS come true by DESIGNING a virtual real-estate</description>
	<pubDate>Thu, 20 Nov 2008 10:31:15 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.5.1</generator>
	<language>en</language>
			<atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" href="http://feeds.feedburner.com/Thrandur" type="application/rss+xml" /><item>
		<title>Boat2Fish.net Gets a new Look &amp; Feel</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/459424571/</link>
		<comments>http://thrandur.net/boating/boat2fishnet-gets-a-new-look-feel/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 10:31:15 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[Boating]]></category>

		<category><![CDATA[design]]></category>

		<category><![CDATA[Boat2Fish.net]]></category>

		<category><![CDATA[Look &amp; Feel]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=112</guid>
		<description><![CDATA[I am working on a overhaul of the Boat2Fish.net website. It is now a blog and I am using the StudioPress theme that I really like.
I will be adding the rest of the content in the coming days.
Let me know what you think&#8230;
Share This

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			<content:encoded><![CDATA[<p><a href="http://thrandur.net/wp-content/uploads/2008/11/boat2fish-net-screenshot-11-2008.jpg"><img class="alignnone size-full wp-image-113" title="boat2fish-net-screenshot-11-2008" src="http://thrandur.net/wp-content/uploads/2008/11/boat2fish-net-screenshot-11-2008.jpg" alt="Boat2Fish.net Screenshot" width="480" height="395" /></a></p>
<p>I am working on a overhaul of the <a title="Boat2Fish.net" href="http://Boat2Fish.net" target="_blank">Boat2Fish.net</a> website. It is now a blog and I am using the StudioPress theme that I really like.</p>
<p>I will be adding the rest of the content in the coming days.</p>
<p>Let me know what you think&#8230;</p>
<span class="akst_link"><a href="http://thrandur.net/?p=112&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_112"  class="akst_share_link">Share This</a>
</span><p><a href="http://sharethis.com/item?&wp=2.5.1&amp;publisher=f42a7de5-8196-4443-a358-b385bbfee583&amp;title=Boat2Fish.net+Gets+a+new+Look+%26%23038%3B+Feel&amp;url=http%3A%2F%2Fthrandur.net%2Fboating%2Fboat2fishnet-gets-a-new-look-feel%2F">ShareThis</a></p>]]></content:encoded>
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		<item>
		<title>Places to see in Reykjavik</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/459408945/</link>
		<comments>http://thrandur.net/iceland/places-to-see-in-reykjavik/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 10:14:36 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[Dream]]></category>

		<category><![CDATA[Iceland]]></category>

		<category><![CDATA[Places to see in Reykjavik]]></category>

		<category><![CDATA[Reykjavik Weekend]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=111</guid>
		<description><![CDATA[I just finished an article with pictures of a few interesting places to see in Reykjavik. I spent the better half of a day driving around and taking pictures of places to see around Reykjavik.
Even with all the things going on in the economic and political area the city and the people living in it [...]
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			<content:encoded><![CDATA[<p>I just finished an article with pictures of a few interesting places to see in Reykjavik. I spent the better half of a day driving around and taking pictures of places to see around Reykjavik.</p>
<p>Even with all the things going on in the economic and political area the city and the people living in it still seem pretty calm.</p>
<p><img src="http://www.digital-photo-web.com/image-files/reykjavik-weekend-212.jpg" alt="Reykjavik, Iceland evening" width="480" height="360" /></p>
<p><a title="Reykjavik Weekend" href="http://www.digital-photo-web.com/reykjavik-weekend.html">To see more pictures and read the article about the Reykjavik Weekend CLICK HERE.</a></p>
<span class="akst_link"><a href="http://thrandur.net/?p=111&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_111"  class="akst_share_link">Share This</a>
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		<item>
		<title>SBI Bilingual Site</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/455222438/</link>
		<comments>http://thrandur.net/sitebuildit/sbi-bilingual-site/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 20:15:08 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[SiteBuildIt!]]></category>

		<category><![CDATA[design]]></category>

		<category><![CDATA[Multilingual SBI]]></category>

		<category><![CDATA[SBI Bilingual]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=110</guid>
		<description><![CDATA[I often get emails similar to this:
First Name: Anja
Country: Belgium
Subject: Sitesell bilingual site
Message: Hi there,
I am a newcomer to SBI, I would like to build a bilingual or a site with three languages. Could you tell me please, how the blueprint looks like with other languages? Do the Tiers 2 serve as homepages for the [...]
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			<content:encoded><![CDATA[<p>I often get emails similar to this:</p>
<blockquote><p>First Name: Anja<br />
Country: Belgium<br />
Subject: Sitesell bilingual site<br />
Message: Hi there,</p>
<p>I am a newcomer to SBI, I would like to build a bilingual or a site with three languages. Could you tell me please, how the blueprint looks like with other languages? Do the Tiers 2 serve as homepages for the other languages? I hope you don&#8217;t mind that I am asking&#8230;.<br />
All the best<br />
Anja</p></blockquote>
<p>Hi Anja</p>
<p>I assume you have <a href="http://www.digital-photo-web.com/multilingual-site.html" target="_blank">read the article Multilingual SBI sites</a>.</p>
<p>The way I think about this is that I have the index.html page be for one language. Then I make a special &#8220;index&#8221; page for the other language (could use the other language keyword).</p>
<p>The blueprint will look something like (English and Icelandic:</p>
<p>index.html (tier1)<br />
-english-keyword-1.html  (tier2)<br />
-english-keyword-2.html<br />
-english-keyword-3.html<br />
-icelandic.html  (tier1)<br />
-icelandic-keyword-1.html   (tier2)<br />
-icelandic-keyword-2.html<br />
-icelandic-keyword-3.html</p>
<p>So - in a way all keyword pages available through the tier1 are tier2 pages no matter what language.</p>
<p>Great luck with your site building and hope this explains SBI Bilingual Sites a bit &#8230;</p>
<span class="akst_link"><a href="http://thrandur.net/?p=110&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_110"  class="akst_share_link">Share This</a>
</span><p><a href="http://sharethis.com/item?&wp=2.5.1&amp;publisher=f42a7de5-8196-4443-a358-b385bbfee583&amp;title=SBI+Bilingual+Site&amp;url=http%3A%2F%2Fthrandur.net%2Fsitebuildit%2Fsbi-bilingual-site%2F">ShareThis</a></p>]]></content:encoded>
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		<item>
		<title>Video: Money as Debt</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/448362981/</link>
		<comments>http://thrandur.net/world/video-money-as-debt/#comments</comments>
		<pubDate>Mon, 10 Nov 2008 12:24:48 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Dream]]></category>

		<category><![CDATA[Monetize]]></category>

		<category><![CDATA[World]]></category>

		<category><![CDATA[video]]></category>

		<category><![CDATA[Money as Debt]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=109</guid>
		<description><![CDATA[Here is an interesting little video series of how the banks began and operate. All explained  in a simple way and simple language. See how the banks actually make money. Some ideas for future monetary system not based on debt.

If you want to see the rest of the Money as Debt video CLICK HERE&#8230;
Share This

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			<content:encoded><![CDATA[<p>Here is an interesting little video series of how the banks began and operate. All explained  in a simple way and simple language. See how the banks actually make money. Some ideas for future monetary system not based on debt.</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="344" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/vVkFb26u9g8&amp;hl=en&amp;fs=1" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/vVkFb26u9g8&amp;hl=en&amp;fs=1" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<p><a href="http://calcmoney.com/Video-Money-as-Debt" target="_blank">If you want to see the rest of the Money as Debt video CLICK HERE&#8230;</a></p>
<span class="akst_link"><a href="http://thrandur.net/?p=109&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_109"  class="akst_share_link">Share This</a>
</span><p><a href="http://sharethis.com/item?&wp=2.5.1&amp;publisher=f42a7de5-8196-4443-a358-b385bbfee583&amp;title=Video%3A+Money+as+Debt&amp;url=http%3A%2F%2Fthrandur.net%2Fworld%2Fvideo-money-as-debt%2F">ShareThis</a></p>]]></content:encoded>
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		<item>
		<title>4×4 HubPages</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/441140225/</link>
		<comments>http://thrandur.net/web-20/4x4-hubpages/#comments</comments>
		<pubDate>Mon, 03 Nov 2008 16:52:42 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[4x4]]></category>

		<category><![CDATA[design]]></category>

		<category><![CDATA[web 2.0]]></category>

		<category><![CDATA[HubPages]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=108</guid>
		<description><![CDATA[Simply had to create a HubPages.com page to compare to the 4&#215;4 Squidoo.com lens
The two Web 2.0 sites work in pretty much the same way. After you have your account you can start right away to build a page. You have several modules you can add and control and use to make the page content [...]
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			<content:encoded><![CDATA[<p><a href="http://hubpages.com/hub/4x4-Buyers-Guide" target="_blank"><img class="alignnone size-full wp-image-107" title="4x4-hubpages-lens" src="http://thrandur.net/wp-content/uploads/2008/11/4x4-hubpages-lens.jpg" alt="4x4 Hubpages" width="480" height="457" /></a></p>
<p>Simply had to create a <strong>HubPages.com</strong> page to compare to the <a href="http://thrandur.net/web-20/4x4-squidoo-lens/">4&#215;4 <strong>Squidoo.com</strong> lens</a></p>
<p>The two Web 2.0 sites work in pretty much the same way. After you have your account you can start right away to build a page. You have several modules you can add and control and use to make the page content rich and helpful for the reader.</p>
<p>Compare the <a href="http://hubpages.com/hub/4x4-Buyers-Guide" target="_blank">4&#215;4 HubPages page</a> and the <a href="http://www.squidoo.com/4x4-Truck-and-SUV-Buyers-Guide" target="_blank">4&#215;4 Squidoo lens</a>. They have similar content.</p>
<p>I found the Squidoo interface a little better to work with and the look and feel is also better in my opinion&#8230;</p>
<span class="akst_link"><a href="http://thrandur.net/?p=108&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_108"  class="akst_share_link">Share This</a>
</span><p><a href="http://sharethis.com/item?&wp=2.5.1&amp;publisher=f42a7de5-8196-4443-a358-b385bbfee583&amp;title=4%26%23215%3B4+HubPages&amp;url=http%3A%2F%2Fthrandur.net%2Fweb-20%2F4x4-hubpages%2F">ShareThis</a></p>]]></content:encoded>
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		<item>
		<title>4×4 Squidoo Lens</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/441092766/</link>
		<comments>http://thrandur.net/web-20/4x4-squidoo-lens/#comments</comments>
		<pubDate>Mon, 03 Nov 2008 15:57:06 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[4x4]]></category>

		<category><![CDATA[design]]></category>

		<category><![CDATA[web 2.0]]></category>

		<category><![CDATA[4x4 Squidoo Lens]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=105</guid>
		<description><![CDATA[Just made a new lens on Squidoo.com. It is a lens for finding and buying your next 4&#215;4, truck or SUV on eBay.
Setting up the lens is really simple and straightforward. If the lens gets popular I will probably do more.
Please drop by and let me know what you think&#8230;
Share This

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			<content:encoded><![CDATA[<p><a href="http://www.squidoo.com/4x4-Truck-and-SUV-Buyers-Guide" target="_blank"><img class="alignnone size-full wp-image-106" title="4x4-squidoo-lens" src="http://thrandur.net/wp-content/uploads/2008/11/4x4-squidoo-lens.jpg" alt="4x4 Squidoo Lens" width="479" height="392" /></a></p>
<p>Just made a new lens on Squidoo.com. It is <a href="http://www.squidoo.com/4x4-Truck-and-SUV-Buyers-Guide" target="_blank">a lens for finding and buying your next 4&#215;4, truck or SUV on eBay</a>.</p>
<p>Setting up the lens is really simple and straightforward. If the lens gets popular I will probably do more.</p>
<p>Please drop by and let me know what you think&#8230;</p>
<span class="akst_link"><a href="http://thrandur.net/?p=105&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_105"  class="akst_share_link">Share This</a>
</span><p><a href="http://sharethis.com/item?&wp=2.5.1&amp;publisher=f42a7de5-8196-4443-a358-b385bbfee583&amp;title=4%26%23215%3B4+Squidoo+Lens&amp;url=http%3A%2F%2Fthrandur.net%2Fweb-20%2F4x4-squidoo-lens%2F">ShareThis</a></p>]]></content:encoded>
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		<item>
		<title>Delicatessen - squeaky bed scene</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/432097553/</link>
		<comments>http://thrandur.net/chitchat/delicatessen-squeaky-bed-scene/#comments</comments>
		<pubDate>Sat, 25 Oct 2008 22:45:18 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[ChitChat]]></category>

		<category><![CDATA[Dream]]></category>

		<category><![CDATA[video]]></category>

		<category><![CDATA[Delicatessen]]></category>

		<category><![CDATA[squeaky bed scene]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=104</guid>
		<description><![CDATA[This scene from Delicatessen doesn&#8217;t need any words to get the meaning across. Brilliant use of metaphors:
Imagine the rhythmic sound of lovemaking on a squeaky bed, girl playing the cello, woman beating the dust out of a carpet, a boy pumping air into his bikes tire, a musical beat maker ticking along and a guy [...]
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			<content:encoded><![CDATA[<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="344" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="src" value="http://www.youtube.com/v/BOXo0xnwnz0&amp;hl=en&amp;fs=1" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/BOXo0xnwnz0&amp;hl=en&amp;fs=1" allowfullscreen="true"></embed></object></p>
<p>This scene from <a href="http://thrandur.net/buy/Dream/Delicatessen">Delicatessen</a> doesn&#8217;t need any words to get the meaning across. Brilliant use of metaphors:</p>
<p>Imagine the rhythmic sound of lovemaking on a squeaky bed, girl playing the cello, woman beating the dust out of a carpet, a boy pumping air into his bikes tire, a musical beat maker ticking along and a guy hanging on his trouser braces to paint hard to reach ceiling etc. etc. - and with the tempo gradually increasing this can only end with a bang.</p>
<p>The film is full of humor of this kind with great use of visual symbols and is really funny although the jokes are of the darkest kind.</p>
<span class="akst_link"><a href="http://thrandur.net/?p=104&amp;akst_action=share-this"  title="E-mail this, post to del.icio.us, etc." id="akst_link_104"  class="akst_share_link">Share This</a>
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		<item>
		<title>SBIWARS - Cyberspace Attack</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/429807008/</link>
		<comments>http://thrandur.net/sitebuildit/sbiwars-cyberspace-attack/#comments</comments>
		<pubDate>Thu, 23 Oct 2008 17:00:43 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Dream]]></category>

		<category><![CDATA[SiteBuildIt!]]></category>

		<category><![CDATA[Cyberspace Attack]]></category>

		<category><![CDATA[SBIWARS]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=103</guid>
		<description><![CDATA[SBIWARS is a great little parody of the Star Wars series.
Peter Skuse has done a superb job in making this video. Lets fight the get-rich-quick schemes with some REAL success on the Internet.
Now, I don&#8217;t think Google is THAT bad - but it is fun to watch.
And - if you want to read more about [...]
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<p>SBIWARS is a great little parody of the Star Wars series.</p>
<p>Peter Skuse has done a superb job in making this video. Lets fight the get-rich-quick schemes with some REAL success on the Internet.</p>
<p>Now, I don&#8217;t think Google is THAT bad - but it is fun to watch.</p>
<p>And - if you want to read more about recession proofing your income  - you should <a href="http://sitebuildit.com/thrandur.html">check out SiteBuildIt!</a></p>
<p>Not just a great tool to build sites - it is more like a roadmap from a fuzzy idea to growing a solid business.</p>
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		<title>Two Cows Economics - World &amp; Iceland</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/428834632/</link>
		<comments>http://thrandur.net/chitchat/two-cows-economics-world-iceland/#comments</comments>
		<pubDate>Wed, 22 Oct 2008 18:34:03 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[ChitChat]]></category>

		<category><![CDATA[Iceland]]></category>

		<category><![CDATA[World]]></category>

		<category><![CDATA[design]]></category>

		<category><![CDATA[Two Cows Economics]]></category>

		<guid isPermaLink="false">http://thrandur.net/?p=101</guid>
		<description><![CDATA[Using a farmer with two cows is is a popular way to explain complex economic systems. Quite fitting to review these in light of the current worldwide economic crisis that seems to be hitting Iceland the worst.
I suggest you take the time to seriously study these.
21 Economic Models &#8230; explained with cows
SOCIALISM
You have 2 cows.
You [...]
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			<content:encoded><![CDATA[<p><a href="http://thrandur.net/wp-content/uploads/2008/10/two-cows-economics.jpg"><img class="alignnone size-full wp-image-102" title="two-cows-economics" src="http://thrandur.net/wp-content/uploads/2008/10/two-cows-economics.jpg" alt="Two Cows Economics" width="480" height="330" /></a></p>
<p>Using a farmer with two cows is is a popular way to explain complex economic systems. Quite fitting to review these in light of the current worldwide economic crisis that seems to be hitting Iceland the worst.</p>
<p>I suggest you take the time to seriously study these.</p>
<p><strong>21 Economic Models &#8230; explained with cows</strong></p>
<p>SOCIALISM<br />
You have 2 cows.<br />
You give one to your neighbour.</p>
<p>COMMUNISM<br />
You have 2 cows.<br />
The State takes both and gives you some milk.</p>
<p>FASCISM<br />
You have 2 cows.<br />
The State takes both and sells you some milk.</p>
<p>NAZISM<br />
You have 2 cows.<br />
The State takes both and shoots you.</p>
<p>BUREAUCRATISM<br />
You have 2 cows.<br />
The State takes both, shoots one, milks the other, and then throws the milk away&#8230;</p>
<p>TRADITIONAL CAPITALISM<br />
You have two cows.<br />
You sell one and buy a bull.<br />
Your herd multiplies, and the economy grows.<br />
You sell them and retire on the income.</p>
<p>SURREALISM<br />
You have two giraffes.<br />
The government requires you to take harmonica lessons</p>
<p>AN AMERICAN CORPORATION<br />
You have two cows.<br />
You sell one, and force the other to produce the milk of four cows.<br />
Later, you hire a consultant to analyse why the cow has dropped dead.</p>
<p>VENTURE CAPITALISM - AN ICELANDIC CORPORATION<br />
You have two cows.<br />
You sell three of them to your publicly listed company, using letters of credit opened by<br />
your brother-in-law at the bank, then execute a debt/equity swap with an associated<br />
general offer so that you get all four cows back, with a tax exemption for five cows.<br />
The milk rights of the six cows are transferred via an intermediary to a Cayman Island<br />
Company secretly owned by the majority shareholder who sells the rights to all seven<br />
cows back to your listed company. The annual report says the company owns eight cows,<br />
with an option on one more. You sell one cow to buy a new president of the United States,<br />
leaving you with nine cows. No balance sheet provided with the release. The public then<br />
buys your bull.</p>
<p>A FRENCH CORPORATION<br />
You have two cows.<br />
You go on strike, organise a riot, and block the roads, because you want three cows.</p>
<p>A JAPANESE CORPORATION<br />
You have two cows.<br />
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty<br />
times the milk. You then create a clever cow cartoon image called &#8216;Cowkimon&#8217; and market it worldwide.</p>
<p>A GERMAN CORPORATION<br />
You have two cows.<br />
You re-engineer them so they live for 100 years, eat once a month, and milk themselves.</p>
<p>AN ITALIAN CORPORATION<br />
You have two cows, but you don&#8217;t know where they are.<br />
You decide to have lunch.</p>
<p>A RUSSIAN CORPORATION<br />
You have two cows.<br />
You count them and learn you have five cows.<br />
You count them again and learn you have 42 cows.<br />
You count them again and learn you have 2 cows.<br />
You stop counting cows and open another bottle of vodka.</p>
<p>A SWISS CORPORATION<br />
You have 5000 cows. None of them belong to you.<br />
You charge the owners for storing them.</p>
<p>A CHINESE CORPORATION<br />
You have two cows.<br />
You have 300 people milking them.<br />
You claim that you have full employment, and high bovine productivity.<br />
You arrest the newsman who reported the real situation.</p>
<p>AN INDIAN CORPORATION<br />
You have two cows.<br />
You worship them.</p>
<p>A BRITISH CORPORATION<br />
You have two cows.<br />
Both are mad.</p>
<p>AN IRAQI CORPORATION<br />
Everyone thinks you have lots of cows.<br />
You tell them that you have none.<br />
No-one believes you, so they bomb you and invade your country.<br />
You still have no cows, but at least now you are part of Democracy&#8230;.</p>
<p>AN AUSTRALIAN CORPORATION<br />
You have two cows.<br />
Business seems pretty good.<br />
You close the office and go for a few beers to celebrate.</p>
<p>A NEW ZEALAND CORPORATION<br />
You have two cows.<br />
The one on the left looks very attractive</p>
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		<title>Iceland Crisis</title>
		<link>http://feeds.feedburner.com/~r/Thrandur/~3/419642561/</link>
		<comments>http://thrandur.net/world/iceland-crisis/#comments</comments>
		<pubDate>Mon, 13 Oct 2008 16:15:15 +0000</pubDate>
		<dc:creator>thrandur</dc:creator>
		
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		<guid isPermaLink="false">http://thrandur.net/?p=100</guid>
		<description><![CDATA[Things have been happening pretty fast here in Iceland. Without much warning we are in the middle of a financial meltdown. Unfortunately this makes an impact on every living person in the country.
Some say it is the big spenders that went abroad and invested with cheap loans from Japan and other places. That would be [...]
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			<content:encoded><![CDATA[<p>Things have been happening pretty fast here in Iceland. Without much warning we are in the middle of a financial meltdown. Unfortunately this makes an impact on every living person in the country.</p>
<p>Some say it is the big spenders that went abroad and invested with cheap loans from Japan and other places. That would be the cheap solution to explain how things developed.</p>
<p><strong>The financial situation in Iceland for the last years</strong></p>
<p>For the past years Icelandic politicians have been holding on to the Icelandic krona and staying out of the EU at all cost. In fact you can say there are two currencies here. The krona and the price insured krona that is the basis for long time loans.</p>
<p>With three privately owned and strong banks doing business in our neighbouring countries the central bank was getting pretty small in comparison.</p>
<p>Not many years ago the banks started loaning for real estates with loans made out of other more stable currencies.</p>
<p>Giving talks about the Euro or the EU the &#8220;silent treatment&#8221; has resulted in a weak currency that has no hope in the hurricane hitting the world financial system.</p>
<p>The central bank has used high rates to fight inflation with little success. Financial speculators have been using that fact to take their place against the krona.</p>
<p><strong>The meltdown starts</strong></p>
<p>The events started when Glitnir bank asked the central bank for a short-term loan. The governor of the central bank advised the Icelandic government to take over the bank. This happened pretty fast and caused a chain reaction that is still going on. In hindsight they probably had a lot more time to think things through to lessen the damage that followed.</p>
<p>Unfortunately the governor of the central bank, David Oddsson, was a prime minister for 13 years and therefor highly political. His advice has been heavily criticized by many economists. The damage following his advice is staggering and runs in the hundreds of billions IKR.</p>
<p>No other civilized nation would consider having a former prime minister as a governor of the central bank.</p>
<p><strong>The emergency law</strong></p>
<p>The government issued an emerency law to be able to take over any financial institution without delay.<br />
Soon after the second bank was overtaken. This time Landsbankinn.</p>
<p>David Oddsson had a live interview in the national TV where he blamed everybody but himself and explained that Iceland would not pay their debt in other countries.</p>
<p>UK prime minister Gordon Brown got furious and used British law against terrorism against Iceland interest in UK.</p>
<p>This made the last remaining and biggest bank, Kaupthing, unable to continue and the bank was overtaken by the government.</p>
<p><strong>The future</strong></p>
<p>What these past events mean for the average person in Iceland is yet to be seen. A lot of bankers are loosing their jobs and other workers also.</p>
<p>I just hope that some of the assets can be saved and that people don&#8217;t start loosing their homes. The worst that could happen is families taking off and moving to other countries, looking for more stability and better income.</p>
<p>Like many others, what happens to me and my wife and family is uncertain. The good thing for us is that our income comes from the web and is in US dollars.</p>
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