Iceland’s Economy has Kicked the Bucket

The Icelandic currency is in serious hyperinflation, and banks are being nationalized at an alarming rate in this country.

In the past 3 days the currency has CRASHED. 4% on monday, 5% yesterday, and another 4% today. Already the currency (the Icelandic krona) had plummeted since the beginning of the year.

Today, $1 costs us just over 110 ISK, but 9 months ago $1 cost only 60 ISK.

Is this a preview of what is coming to the U.S.? I don’t know, but I’m sure glad I’ve got some gold. Do you want to gamble the that U.S. is somehow immune to this hyperinflation or would you rather own real money??

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