Comment: If one thinks that Iceland

If one thinks that Iceland wont be right back in the same position if not worse in about five years time, then they are seriously delusional.

Lets look at this for a moment: Currently Iceland is refusing to payback the money which was borrowed in Iceland's name and credit from the IMF; do you think this will have any negative ramifications when they get their currency back? Once they get their government and currency back on track, it will be seriously devalued due to a lack of faith and trust in the Icelandic government and people. This will cause imports to skyrocket, which will then in-turn force Iceland to start printing money because of them placing wants as rights within their new Constitution. They wouldn't be able to borrow money from others because who is going to trust that they will pay it back; if some group does lend them money it will be with seriously high interest, and to pay this back -if they so choose- they will print more money further devaluing their currency.

Every choice has a consequence and by not paying back the IMF and by inserting 'wants' as 'rights' into their new Constitution, they will see hyperinflation in about five years time.