Gloomy forecast

It is barely two weeks until the darkest day of the year, when the sun will only knock on our doors for 3-4 hours.

Egill Helgason, journalist of Silfur Egils has been in the forefront of open discussions about the economic situation, the causes and consequences. His blog is full of news the regular media is to crippled by lay-offs and uncertainty about ownership to handle. His weekly TV show features brilliant analysis by critical people now that he has mostly shown MP´s and reps from the analytics departments of the banks the door.

Today he echoes what many of us are feeling. That in this dire time in our nation´s history, nothing is going to change. The same people are sitting put in government, the same businessmen are tearing apart assets from businesses leaving the debts with the nationalized banks.

Case in point, KPMG in Iceland is supposed to investigate the situation that led to the collapse. The same KPMG that has done the books for Baugur and FL Group in the last few years. The same Baugur and FL Group that have been outed for creating a mess of intertwined companies buying and selling in each other to create artificial worth. The same KPMG whose head is the father of the CEO of FL Group.

A few weeks ago I predicted that the nation would soon split ideologically. Now it might just split altogether into those who bend over and stay, and those who don´t and leave.

A gloomy forecast for a proud country.

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2 Responses to “Gloomy forecast”


  1. 1 Deep Boat December 8, 2008 at 10:26 pm

    There is always hope to overcome the corruption.

    For a start, a national boycott of the ‘Utlagar’.

    Just don’t buy ANYTHING at all from their network.

  2. 2 drafnsson December 9, 2008 at 12:26 am

    That might be hard, they own everything. 🙂


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