Ghost of Christmas Future

So the hardy folks of Iceland are buying all they groceries they can. Could it be a major sale on Omega-3 fish oil that’s brought them all out?

Oct. 13 (Bloomberg) — After a four-year spending spree, Icelanders are flooding the supermarkets one last time, stocking up on food as the collapse of the banking system threatens to cut the island off from imports.

Ah well, they can live off the land, just like we will, right?

Bonus, a nationwide chain, has stock at its warehouse for about two weeks. After that, the shelves will start emptying unless it can get access to foreign currency, the 22-year-old manager said, standing in a walk-in fridge filled with meat products, among the few goods on sale produced locally.

Things can’t really be that bad, can they? Am I just making this up, or exaggerating the problem?

Magnusson said last week that one of Iceland’s largest supermarket chains was unable to get any foreign currency to make purchases abroad and another retailer’s electronic payment didn’t go through. Iceland will begin to see shortages of “regular goods” by the end of the week if nothing changes, he said.

Sleep well,


3 Responses to “Ghost of Christmas Future”

  1. Cassandra Says:

    The important phrase from the article: “produced locally.”

    Produced locally.
    Produced locally.
    Produced locally.


  2. Sybil Says:

    C’mon, Cassandra. I’m sure there’s a thriving local cuisine. Codsicles. Limpetcones. Geyser-steamed seaweed.

    What’s not to love?

  3. Cassandra Says:

    Actually, the Nov. 24 edition of _Iceland Review_ has an article on “inexpensive and healthy food traditions.”

    Instructions on how to make Icelandic fishballs:



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