I just cannot imagine that this economy-crisis situation here in Iceland is surprising the people that live here. How is it possible for this little country, this tiny little nation, to do so well and live so well when there is no such mighty value product that we are producing and\or selling away to establish a lot of money, or just enough money to let us live so well?
My opinion is that the Icelandic nation is just living their lives in one big act. All these cars, houses, machines, products, companies that we think we have and own is all just financed with loans, money we don't have or own or will never be able to pay back. Me myself, I lived in Norway for seven years, from the age of ten and until seventeen when I moved back (home). It all felt different, I mean people\kids at my age, who just got their driving license and stuff, were driving around in brand new cars using credit cards to pay for the gasoline and the stuff that they were doing. Almost everybody had a kredit card at the age of 18-20!! Credit cards really carry the main stamp of using money you don't have.
Back in Norway the people from the age of 17-20 did not have any credit cards or new cars and some of them didn't even have a driving license. They were just traveling around, to and from school and job, with busses and trains to finish their studying. Some of the people in Iceland, with their brand new cars and a thick bill from the bank (because of their credit cards) didn't even have a job. You don't have to be Einstein to see that this system doesn't work!!
But me, at the age of 17, who wasn't even as smart as Einstein's dog, saw only the big brand new cars and all the spread of money and a well living lifestyle and just said to myself „hmh, here it must be nice to be“ hehe..
Well I laugh of it today, just at the age of 21 and I'm moving back to Norway. Escaping away from my original generation.
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2 comments:
very wise indeed. you are seeing it correctly. of course there is corruption in high places, in iceland and everywhere else. always been...BUT the working class got carried away with "mr. big pants" ideas...everybody can be a millionaire...and the easy way
you are wise to know what you know...whats everybody elses excuse..(it starts with G...reed!)
It's not just Iceland, many places have been living high on borrowed money (not least the here in the UK, where so many people have been hostile instead of sympathetic to Iceland, when they themselves have been doing exactly the same thing. The day of reckoning will come here too, and everywhere that's got used to living on debt).
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