Stacy Summary: So, this is what Britain has to look forward to when the pound collapses? Perhaps even the entire identikit High Street will be replaced by local shops again?
McDonald’s closes in Iceland after collapse of krona (h/t @Mini US)
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2nd!
I am sure this is the best thing that ever happened Iceland in many years. Congrats to people and their health!
Agreed. I had some mighty nice meals there in Reykjavik, including, bizarrely, one of the best Indian meals I have ever had . . . What’s up with that?
Interesting night for US stocks Vs USD.
Been getting a reversal vibe from internet balh blah (so much of it).
McHugh’s price Demand Supply pressure is crossing over, but he still says it may be a coupla weeks away.
Hindenberg Omen = Peter Schiff buying a house!
Hahahhahaha
agreed Mongo. i guess it’s not ALL bad news
I calculated that if I work for 15128363228 years then my yearly salary would pay off the global debt in derivatives… ok.. where do I sign in for the next shift?
@Stacy
I would just like to say that you are amazing the volume of reading you get through.
Reading all these comments and their related links as well as your own research you offer to us.
Bloody amazing!
Thanks.
I’m lovin’ it
http://www.telegraph.co.uk/foodanddrink/foodanddrinknews/6441499/McDonalds-apologises-over-cross-the-road-sign-next-to-accident-black-spot.html
A poster reading “McDonald’s, worth crossing the road for” was put up just feet from a sign warning pedestrians “Do Not Cross Fatal Accident Site”.
Not to mention producing radio and TV shows.
How do you do it?
Is it Guarana????
Micky D’s Closes Iceland Restaurant
Sure hope no one opens a “Lutefisk Heaven” where they serve a BigLute with special sauce.
http://en.wikipedia.org/wiki/Lutefisk
One man’s comments on Lutefisk:
Interview with Jeffrey Steingarten, author of The Man Who Ate Everything (translated quote from a 1999 articlein Norwegian newspaper Dagbladet:)
“Lutefisk is not food, it is a weapon of mass destruction. It is currently the only exception for the man who ate everything. Otherwise, I am fairly liberal, I gladly eat worms and insects, but I draw the line on lutefisk.”
“What is special with lutefisk?”
“Lutefisk is the Norwegians’ attempt at conquering the world. When they discovered that Viking raids didn’t give world supremacy, they invented a meal so terrifying, so cruel, that they could scare people to become one’s subordinates. And if I’m not terribly wrong, you will be able to do it as well.”
“But some people say that they like lutefisk. Do you think they tell the truth?”
“I do not know. Of all food, lutefisk is the only one that I don’t take any stand on. I simply cannot decide whether it is nice or disgusting, if the taste is interesting or commonplace. The only thing I know, is that I like bacon, mustard and lefse. Lutefisk is an example of food that almost doesn’t taste anything, but is so full of emotions that the taste buds get knocked out.”
Time for the Cornish pasties to make their move….
“He now plans to run the restaurants under another name so that he is able to buy cheaper Icelandic products.”
Would be interesting to see how they adapt the menu to local ingredients. Fermented shark meat might go over well in Tokyo.
If you put all the country’s in the world now next to a 19th century painting Iceland will look least rediculous of all.
“More than 15 percent of the 185 stores on Madison Avenue between 57th and 72nd streets are vacant or about to lose tenants, according to New York-based broker Cushman & Wakefield Inc. In SoHo, 11 percent of the 551 stores are listed as available for lease. About 9 percent of the 265 stores on the Upper West Side are without tenants or soon will be.”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aBA.h.FWiVbE
I ate at a good Icelandic restaurant in March in Xiamen, FJ, China. 黑马 Heima Bistro. I think the characters mean Dark Horse. They don’t appear to have lutefisk in Iceland, but they do salt and/or pickle fish.
http://www.facebook.com/group.php?gid=22370614586
What a great story.
Every cloud has a silver lining….
Pass it one …..Message for Gerald Celente……get out of the USA Gerald!!
Get Out Gerald Celente while you still can…pack your bags now!!
Some say the world will end in fire,
Some say in ice.
From what I’ve tasted of desire,
I hold with those who favor fire.
But if it had to perish twice,
I think I know enough of hate
To know that for destruction ice
Is also great
And would suffice.
- Robert Frost (December, 1920)
http://www.thedailymash.co.uk/news/international/iceland-begins-desperate-search-for-new-cheesey-gristle-supplier-200910272170/
‘Meanwhile Icelandic parents are concerned that the Disney Corporation will no longer be able to bribe them into stuffing lumpy handfuls of greyish-brown fat into their children’s faces.’
No lutefisk in Iceland, but they do have hákarl. “It’s like ammonia.”
http://www.youtube.com/watch?v=mbYqznD0R5M&NR=1&feature=fvwp
I think Iceland should take that $5B offer from Russia and use it to terraform vast tracts of the interior via geothermal means. Thousands of hectares of land made arable through artificial means. Completely rebuild the fisheries industries and basically become food independent.
At the same time they should dump NATO and relationships with the EU. Yes, that would be best.
“The first person to take a bite out of a Big Mac on the island was then-Prime Minister David Oddsson. Oddsson went on to become governor of the country’s central bank, Sedlabanki, a position that he was forced out of by lawmakers earlier this year after a public outcry about his inability to prevent Iceland’s financial crisis.”
http://finance.yahoo.com/news/Iceland-says-goodbye-to-the-apf-2609404079.html?x=0&.v=6
Not only that, Iceland could import hearty Bison breeds from Canada that would, because of the climate, be very fatty and be able to compete with the high-end Kobe brands. It’s not very difficult to imagine Iceland being a net food exporter.
Alas, if only someone with brains (me) were running the country…
There is the little matter of a US Naval base in Iceland. As the new admin. in Japan has discovered, getting US bases off your soil can be harder than it looks. It might be easier to just wait till the US can’t borrow enough any more for bases in 130 countries.
The irony here is that when McDo first opened in Moscow, there was so little in the way of available supply for their product, they had to pretty much make everything from scratch. It really was baked fresh goods that you were buying.
Iceland’s chief export is food. As I heard an Icelandic ambassador say once, “Iceland’s attitude toward the EU can be summer up in one word — Fish!”
(My paternal grandmother was Icelandic).
The best place in Reykjavik to get sheep’s head.
http://www.youtube.com/watch?v=49nJlv4S5RA&feature=rec-LGOUT-farside_rn-HM
Unless the nations sever ties with the BIS/IMF conglomerate soon, well, the dollar crash will only prolong the US bases debacle: the military acts on behalf on the elite banking interests. sucks.
Illya:
Do you think that the relationship with Nato and the EU on the behalf of Iceland is voluntary? Ireland has proved that the EU thrusts hegemony forward as a matter of political expediency.
“Local Raw Materials
But the real key to the venture is a $4 million Finnish-built processing center, situated on the northern outskirts of Moscow, which is transforming locally available ingredients, available for rubles, into a McDonald’s menu.
Here, at a glistening new complex encompassing a bakery, dairy, potato-processing line, meat plant, sauce cookers, laboratories and vast storage freezers, McDonald’s will turn its ruble revenues back into fast food.
Finding acceptable local raw materials has entailed a year-long hunt through the dismal and sometimes stomach-turning landscape of the Soviet food industry.
One McDonald’s meat scout, no stranger to slaughterhouses, was sickened by his visit to a Soviet abattoir.”
http://www.nytimes.com/1990/01/28/world/of-famous-arches-beeg-meks-and-rubles.html?pagewanted=1
I suppose McDo has something of a similar vein going on in North America, though much of the foodstuff is trucked in.
Try an experiment. Order something at any McDo “for take out, please.” Or say something very clearly and refuse to have to repeat yourself several times. That is, if you can stand being in the same line with the customers. Its not so much the lack of quality in the food, but the customer interaction claimed by the franchise is clearly a figment of imagination.
Well it is like Lutefisk, but possibly worse because it smells like piss. Ok as they only seem to do this at parties while drunk.
But in the good-ol-USA if a man [like Goldman Sachs or Obama] bring you a bag of god shit and says, “Eat it you’ll just love it.”
The average American just can’t wait and gobbles it all down.
Sorry, mispelling of word.
Sorry god doesn’t shit only dogs shit.
Removing Iceland from the BigMac-Index is not nice
Currency traders and banks used to use the BigMac-Index to estimate whether a currency was over or under value !
Seems Iceland is now at Zero !
PSRemoving Iceland from the BigMac-Index is not nice
Aha .. good old Wikipedia … they are really great !
http://de.wikipedia.org/wiki/Big-Mac-Index
PS@Removing Iceland from the BigMac-Index is not nice
Sorry , here’s the English link :
http://en.wikipedia.org/wiki/Big_Mac_Index
This could mean that the McDs empire as we know it is finished.
Its ability to survive in the EU and USA is under threat as Agricultural Subsidies may have to be terminated immediately so as to pay the bankers again.
The chain’s ability to survive outside of places with agricultural subsidies has always been suspect since its era of expansion in the 1970s.
RE “McDonalds Exits Iceland” –
1′st, lucky Icelanders.
2′nd, an unanticipated very hopeful bright side effect of the intentional collapse.
What’s it called now, the USSI – the United Socialist States of (Zionist) Israel ?
In another note, notice how the un-President, who earned the un-Peace prize for doing nothing, is trying to send 40,000 men and women to the Afghan slaughterhouse? To keep the poppy/heroin (shadow banking) and oil pipeline going?
The un-President also has declared a State of Emergency in the U.S., allowing special powers and “removing” citizen rights enmasse. “Removing” because I’m a sovereign individual and my rights are intact.
Obama’s campaign promise: “I’ll remove ALL troops from Iraq by January 12 when I take office.” Obama’s actions: Move 10′s of 1000′s of troops into Afghanistan; remove no troops from Iraq; support Wall Street’s coup of the Federation; support bigpharma and Rumsfeld (Monsanto, et al) with false “State of Emergency” for the mildest flu in decades.
Dr. Paul Craig Roberts is great. Give us some more when you can, Max and Stacy. Peace out.
I decided to not going to McDonald anymore anyways. Find them too expensive for what I eat. For the same amound of money I can get a complete meal at a descent restaurant, Spareribs, Pizza wa-ever…
Making my own burgers now which are much better than Mc’s anyways. Still experimenting with the sauce mix of mayonaise, curry ketchup, coctail sauce and chili sauce. Can put your own baken onion on it too. Mac doesn’t have baken onion on the burger which should be there in my opnion.
Illya,
pretty and… well, brains and… Great thinking, good ideas too. i think you meant “hardy Bison”. Oh, come run this country too.
Billy Crash Craddox
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Why it never imported most of its stuff from Canada is a mystery to me …. that said to avoid the imports it should have been given more autonomy.
=============
Iceland’s three McDonald’s restaurants close
Iceland’s three McDonald’s restaurants – all in the capital Reykjavik – will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.
http://www.telegraph.co.uk/news/worldnews/europe/iceland/6442415/Icelands-three-McDonalds-restaurants-close.html
I think that by the end of next year we will eat whatever we can get our hands on, McDonalds will seem like heaven. McDonalds is cheap crap food, but the focus of the future will be on securing food, period.
And the fatter now, perhaps the better later. The Americans are all nice and ready: fatted oxen for the lean years.
I didnt realize US had a naval base in Iceland, but then again anywhere to expand American empire is always good.
Do you think that the relationship with Nato and the EU on the behalf of Iceland is voluntary?
Everything is voluntary. The word ‘NO’ slips off my tongue quite effortlessly.
PS Do not use the “Reply” button to respond to anything I say: I will not read it.
I didnt realize US had a naval base in Iceland
The US has shit in Iceland. No airbase, no naval base. No nothing. No doubt there are few “advisers” there, but it’s token at best.
1st Thought:
What was that about no two countries with McDonald’s having ever gone to War??
@Italic Bold,. You must be thinking of a war with guns and bombs,,? There has been a war of subversion going on for decades across the whole planet,.you obviously haven’t noticed.
Not to worry,.no-one else has either,.. “whistle while you work,..tum te dum dum dum de dum!!
http://www.youtube.com/watch?v=oY3aljAO7qU
@Frances,.Did you know that human flesh is the best protein for our bodies to assimilate,..
just sayin’,…you know,..in case,..: )
Talking about onion……
Quotes of the Day » Time http://www.time.com/time/quotes
“It just makes no sense. For a kilo of onion, I’m paying the equivalent of a bottle of good whisky.”
JON GARDAR OGMUNDSSON, owner of a McDonald’s franchise in Iceland, announcing that the hamburger chain will close in Iceland because the country’s financial crisis has made it too expensive to operate
Wow, no more Franken Food, No More High Fructose Corn Syrup, Corn Products, Aspartame and MSG, under disguised names of course, Where’s the Beef, I mean the SOY!!!GMO of course.
Good Fortune for Iceland, maybe now we can work on kicking this evil food out of the USA, along with BK, Jack, Taco Bell and others.
How did we get so lost in this food debacle in the first place
Did you know that human flesh is the best protein for our bodies to assimilate,..
thank god…no link
Everything is voluntary. The word ‘NO’ slips off my tongue quite effortlessly.
You are right, Illya. I meant to say
Voluntary acts extort consequences.
Another triumph for anti-globalization forces wrought by international finance markets….somebody tell Naomi Klein
Actually if the pound stays low, Britain can look forward to exporting more of their food than ever before. I was in Sweden recently and noticed that The Lidl was full of UK produced food whereas it used to mostly German / Polish.
@Illya, Sam, Iceland did have a US Naval Air Station, but turns out it has already been deactivated, as of 2006.
http://en.wikipedia.org/wiki/Naval_Air_Station_Keflavik
So it’s that much easier for Iceland to get out of NATO now.
The party in power in Japan had campaigned on decreasing military ties to the US, but has had to backtrack on that, as well as letting the Yen appreciate against USD.
Russia has a standing offer to return islands taken from Japan after WWII as soon as foreign troops leave Japan. Japanese maps still show those islands as part of Japan.
@Illya, Sam, However, NATO’s Keflavík Naval Communications Center remains in Iceland.
http://en.wikipedia.org/wiki/Keflav%C3%ADk_Naval_Communications_Center
TMFG,
Like I said: advisers. NATO wrote off Iceland years ago.
They would be much better off with a Russian submarine base and hosting Russian ABM’s.
not so fast.
maybe McD’s was being undercut, as Ambrose Evans-Pritchard points out here:
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100001567/mcdonalds-flight-shows-icelands-policy-works/
I heard McDonald’s were leaving based on months of failed marketing in Iceland. They found it difficult to sell the McHerring or the Big Cod sandwiches.
This “top-secret recipe” is from a McDonalds Manager’s Handbook published in 1969. It was meant to be used only as an emergency recipe for stores that ran out of the pre-made sauce that each store used on the Big Macs®. But, this page in the handbook was quickly removed for fear of other burger chains learning and using the top-secret sauce. But, it was too late. The recipe somehow got out and was made public the next year, and has been available ever since.
Yields: 1 cup, or enough for 8 burgers
Prep Time: 10 minutes
Cook Time: 01 minutes
Ingredients:
* 1/4 cup salad dressing (like Miracle Whip®)
* 1/4 cup mayonnaise
* 3 tbsp French salad dressing
* 1/2 tbsp sweet pickle relish
* 1 1/2 tbsp dill pickle relish
* 1 tsp sugar
* 1 tsp dried, minced onion
* 1 tsp white vinegar
* 1 tsp ketchup
* 1/8 tsp salt
Preparation:
1. Mix all ingredients, and stir well in a small container.
2. Microwave on high for 25 seconds, and stir well again.
3. Cover, and refrigerate at least 1 hour before serving.
Well, maybe Taco Del Mar can open up a franchise there now …
@Illya, The communications center has a more than advisory function. It coordinates communication with submarines going toe to toe with you know who. But I doubt any of the personnel at the consoles carry anything more than maybe a side arm. I’d prefer myself, for both Iceland’s and Russia’s sake, that Iceland get out of NATO. Not sure what the lease is on that communications center, though.
The last of the McDs website in Iceland :
http://www.mcdonalds.is/starfsumsoknnew.html
A form (maybe for employees, contractors?) to fill out to resolve any remaining matters.
Where are the betting pools for this year’s :
http://en.wikipedia.org/wiki/Christmas_Price_Index
or next years :
http://en.wikipedia.org/wiki/Big_Mac_Index
===============
odds and sods
===============
http://en.wikipedia.org/wiki/List_of_humorous_units_of_measurement
Fame: Warhol
This is a unit of fame or hype, derived from Andy Warhol’s dictum “everyone will be world-famous for fifteen minutes” — it represents, naturally, fifteen minutes of fame. Some multiples are:
* 1 kilowarhol — famous for 15,000 minutes, or 10.42 days. A sort of metric “nine day wonder”.
* 1 megawarhol — famous for 15 million minutes, or 28.5 years.
First used by Cullen Murphy in 1997.
Also used simply as meaning 15 minutes; as the Warhol worm, that could infect all vulnerable machines on the entire Internet in 15 minutes or less.
Dannii Minogue stripped naked for adult magazine Playboy to clear £150,000 debts,
http://www.telegraph.co.uk/culture/tvandradio/x-factor/6457910/X-Factor-Dannii-Minogue-stripped-for-Playboy-to-pay-debts.html
Maybe Iceland could sell a calendar.