Icelanders Stockpile Food

For people who do not understand the danger of Government Distorted Markets and the impact on their daily activities a cautionary example and something to ponder.

 

Tantalizing Excerpt:

Icelandic Shoppers Splurge as Currency Woes Reduce Food Imports

By Chad Thomas
 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.

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.

Complete Link:

http://bloomberg.com/apps/news?pid=20601087&sid=aVFtDRGwcc50&refer=home#

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s