I see an economic diasater coming...

[PhiScience]

Yes, Iceland does have an abundant amount of geothermal activity going on. The latest from yesterday when lava is spotted coming out from under a glacier. 
    http://www.youtube.com/watch?v=bcUa_g_XVrQ&feature=player_embedded

http://www.allheadlinenews.com/articles/7018176163

Now that thing could light up a few light bulbs, don’t you think?
And for a lot cheaper than a nuclear power plant.

[the_big_m_in_ok]

Over the weekend I heard good news even though its about 3-5 years old.It seems that Iceland is trying to wean itself away from oil and natural gas by going over to hydrogen gas.

That's all well and good, as far as that goes.  However, if their economy collapses, can their farmers or fishermen feed the country on available farmland or dwindling oceanic fauna?
I GOOGLized "iceland food production imports":  Iceland probably imports about 100,000 metric tonnes of different, various kinds of foods this year and last, at least.  Cereals, sugar and similar items, for example.  Things they need but can't be acquired in Iceland's yearly weather.
And also: Corrugated iron and similar specialized items.  Not that much heavy industry on Iceland.

If they have no money or less of it, the lack thereof will be a problem for them.

--Lee

[triffid]

I guess geothermal production of electrical power is the main thing Iceland has going for it.They have the cheap electrical power to refine aluminum.There were about 300,000 people in the country in 2005.Maybe more now?A pound of aluminum requires so much electricity to refine it that you could almost consider it solid electricity.triffid

[the_big_m_in_ok]

I guess geothermal production of electrical power is the main thing Iceland has going for it.They have the cheap electrical power to refine aluminum.

That's right.  Lots and lots of heat.  That recent volcano erupting has melted it way all the way through the glacier it under.  The patch of bare rock is getting bigger.  And, there's a bigger volcano nearby that could even change the Earth's climate(natural nuclear winter---well, autumn).

There were about 300,000 people in the country in 2005.Maybe more now?A pound of aluminum requires so much electricity to refine it that you could almost consider it solid electricity.triffid

That's true.  I learned that in high school.  That's why OU is so important.

To the thread topic:
http://finance.yahoo.com/news/Euro-Sunk-As-Greece-Bailout-fxcm-4126397018.html?x=0&.v=1
http://thedailybell.com/781/The-Great-Greek-Unraveling-of-the-EU.html
(That second article is something to read carefully.  If the EU falls apart politically and/or financially, that could destabilize a lot of the world's healthier economies---including ours, since England and that part of the world is so interconnected to our economy.  It's all connected.

--Lee

[the_big_m_in_ok]

@all
Even if this site below is religiously oriented, they actually do have a point:
http://www.thetrumpet.com/index.php?q=6392.4873.0.0
Also:
http://dailyreckoning.com/yet-another-jobs-dilemma/

http://www.thetrumpet.com/index.php?q=6097.4500.0.0

UPDATE:
http://alldownriver.com/forum/archive/index.php/t-51045.html

http://fargoneworld.blogspot.com/2009/02/summer-of-rage-may-spill-into-worldwide.html

There are other articles available for downloading, of course, but my point is:  After the Health Care vote in Congress, signed into law by the President, some congressional members, especially Democrats---including phone calls---were verbally threatened.  Vandalism of their offices, etc.

This is a new one to me.  To say the least!!!!!  But, since I live in a West Coast multistory, low income high rise, I'm going to budget more money in Apr. for cans of food.  And, refrain from buying much for my refrigerator, since the power might fail if the national social situation "goes south" and civil unrest erupts like the articles above speculate may happen.

--Lee