Just thought I would provide this thread for anyone interested in what happens when the banks go belly up. The link is Iceland news. So you can get an idea of what happens to the community and have a better idea of how to prepare if the unfortunate situation if it were to unfold here. While I know we are completely different, itís the effects on the economy and day to day living I'm more interested in.
Interesting enough people still party into the financial abyss so there is something to look forward to:
As economy slows, parties rage on in Iceland
Icelanders are still going out to party at night in droves regardless - or maybe because of - the island's near financial collapse.