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Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos

 
Anonymous Coward
User ID: 937913
United Kingdom
04/20/2010 02:12 PM
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Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
This is my theory:

In October 2008, it was discovered that the 3 main Icelandic volcanos were due to erupt very soon, within a year or so.

The western investors in Iceland were warned that when this happened, all the money invested in Icelandic banks would be required for emergency/contingency plans to evacuate the entire population, of around 317,000.

The western investors decided to pull their money, quickly, hence the move to get their money out by whatever means possible.

The west (particularly the UK) invoked "anti-terrorism legislation" to secure their monies, and Iceland resisted, knowing they would need the assets deposited there quite soon.

And so here we are know, with one volcano already causing major problems for the airlines in the UK and most of Europe
Anonymous Coward (OP)
User ID: 937913
United Kingdom
04/20/2010 02:14 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
I meant KNEW about the volcanos.
Anonymous Coward
User ID: 945786
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04/20/2010 02:14 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
of course they fucking know about them
Anonymous Coward
User ID: 929704
United States
04/20/2010 02:16 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
Poland also resisted look what happened to them
Anonymous Coward
User ID: 927388
United Kingdom
04/20/2010 02:17 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
Iceland has been using geothermal energy for years. It IS a pile of hot rock. No surprise that it blows every so often. The Icelandic economy went down the pan for plenty of other reasons, no need to invoke volcanic activity as one of them.
mercury2

User ID: 948477
United States
04/20/2010 02:18 PM

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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
Sure, there could be something to that, it's possible.
Anonymous Coward (OP)
User ID: 937913
United Kingdom
04/20/2010 02:22 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
Iceland has been using geothermal energy for years. It IS a pile of hot rock. No surprise that it blows every so often. The Icelandic economy went down the pan for plenty of other reasons, no need to invoke volcanic activity as one of them.
 Quoting: Anonymous Coward 927388


I'm talking about the knowledge of MAJOR earth changing volcanic eruptions, like nothing we have seen in the last 200 years or so.

Sounds far fetched?

Just read the news to find out how much the airlines are losing day by day as this crisis continues.
Anonymous Coward
User ID: 927388
United Kingdom
04/20/2010 02:27 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
As eruptions go this is not a major event, just so happens it has spewed some 'inconvenient' ash into the European weather system. 50 years ago we would hardly have been aware of it.

Now, if (or when) Yellowstone blows THAT would be a major bad hair day for the Northen Hemisphere.
LAVALIKE LAUNDROMAT
User ID: 616315
United States
04/20/2010 02:45 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
ICELAND = 'CAYMANS NORTH'
Anonymous Coward
User ID: 526155
Canada
04/20/2010 02:48 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
This is my theory:

In October 2008, it was discovered that the 3 main Icelandic volcanos were due to erupt very soon, within a year or so.

The western investors in Iceland were warned that when this happened, all the money invested in Icelandic banks would be required for emergency/contingency plans to evacuate the entire population, of around 317,000.

The western investors decided to pull their money, quickly, hence the move to get their money out by whatever means possible.

The west (particularly the UK) invoked "anti-terrorism legislation" to secure their monies, and Iceland resisted, knowing they would need the assets deposited there quite soon.

And so here we are know, with one volcano already causing major problems for the airlines in the UK and most of Europe
 Quoting: Anonymous Coward 937913



You might be right. Either way, they definitely targeted Iceland for a fall, no doubt about that. burnit
Anonymous Coward
User ID: 450566
United States
04/20/2010 02:49 PM
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Re: Cash pulled out of Iceland BECAUSE THEY KNOW about the volcanos
ICELAND = 'CAYMANS NORTH'
 Quoting: LAVALIKE LAUNDROMAT 616315

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