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#

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