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blankseplocked Icelandic krona plunges
 
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Ehranavaar
Gallente
Posted - 2008.10.05 19:00:00 - [31]
 

Originally by: Sirius Problem

If in the future oil can be bought/sold in any other currency, such as Euros, the US Dollar will lose a lot of value.



nearly half the US dollars in "existance" are out in the world circulating about and never seeing the usa. if the world decides to start pricing in euro's say then most of those dollars will return to the usa in short order. this would be utterly disastrous for the us economy and very bad for the rest of the world.

Cmdr Sy
Appetite 4 Destruction
The Firm.
Posted - 2008.10.05 23:19:00 - [32]
 

Off topic, but no, you need those dollars back. Everyone needs their currency to come home. We are all going to need it.

Xenuchrist
STK Scientific
Rolling Thunder.
Posted - 2008.10.06 00:23:00 - [33]
 

Edited by: Xenuchrist on 06/10/2008 00:23:04
Originally by: Cmdr Sy
Off topic, but no, you need those dollars back. Everyone needs their currency to come home. We are all going to need it.


He speaketh the truth.
The more the merrier ugh

Dantes Revenge
Caldari
Posted - 2008.10.06 05:05:00 - [34]
 

Edited by: Dantes Revenge on 06/10/2008 05:05:57
Originally by: Cmdr Sy
Off topic, but no, you need those dollars back. Everyone needs their currency to come home. We are all going to need it.

No we don't.
Quote:
The setting was perfect as the people of Germany were primed and ready for any leader that would tickle their ears with what they were wanting to hear. World War I was over (#4) and the people of Germany were in an economic depression that crippled the country. The German mark had lost so much value that it took a wheelbarrow full of money to buy a loaf of bread.

We could all do without a recession like that.

Makhan
Posted - 2008.10.06 15:51:00 - [35]
 

I sure hope CCP doesn't have to start pumping out mediocre console games to make ends meet!

Znaei
Caldari
Thundercats
RAZOR Alliance
Posted - 2008.10.06 21:06:00 - [36]
 

The reason why Iceland is getting hit a bit harder than other countries is our banks have grown way too big. In comparison, the $700bill the US government is pumping out to the economy is about 5% of the yearly US revenue. Yearly revenue of the Icelandic banks is twelve times the yearly revenue of the country. So there is no way the Icelandic government can help all of them.

Personally, I have enough savings and very small dept compared to many, so Ill be fine Cool


CCP Eris Discordia

Posted - 2008.10.06 21:16:00 - [37]
 

Positive side, visiting iceland hasn't been this cheap in years. The beer price is almost acceptable for euro countries!

Znaei
Caldari
Thundercats
RAZOR Alliance
Posted - 2008.10.06 21:21:00 - [38]
 

Originally by: CCP Eris Discordia
Positive side, visiting iceland hasn't been this cheap in years. The beer price is almost acceptable for euro countries!


Yep, this would be the right time to visit.

Ive even heard of euro and US people coming to Iceland to shop, say its much cheaper than in their own countries. Thats the first! Laughing

CCP Eris Discordia

Posted - 2008.10.06 22:01:00 - [39]
 

Yup

What we import from them ends up being cheaper when it's sold here.

Cheyenne Shadowborn
Caldari
Noob Much Inc.
Posted - 2008.10.06 22:11:00 - [40]
 

Originally by: CCP Prism X
You don't need to worry about CCP as all our revenue is in [...] Dollars.


Oooh good, Dollars. You had me worried there for a while.

p.s.: employees.

Cheyenne Shadowborn
Caldari
Noob Much Inc.
Posted - 2008.10.06 22:13:00 - [41]
 

Originally by: Jacob Holland
I'm surprised that CCP pay in ISK TBH.


Always thought they paid in T2 BPOs.

(ducks for cover)

Rolling Eyes

Virida
Mindstar Technology
Executive Outcomes
Posted - 2008.10.06 22:37:00 - [42]
 

Originally by: CCP Eris Discordia
Positive side, visiting iceland hasn't been this cheap in years. The beer price is almost acceptable for euro countries!


Iceland always had somewhat crazy exchange rates for ISK, feel sorry for the locals if beer soon costs same as a EVE shuttle tho.
Anyway, im coming to fanfest, loaded with foregin kroner to exchange to the icelandic version. Smile
PS: if the message to the icelandic people from your prime minister about icelandic economy could go bankrupt actually happen, sell the beer for dollar. Wink

Kendar
Gallente
4S Corporation
Morsus Mihi
Posted - 2008.10.07 10:30:00 - [43]
 

When iceland go bankrupt i will buy it and im going to be your new overlord ccp!! transfer 1 trillion isk to my character or there will be consequenses

CCP Flatboy

Posted - 2008.10.07 10:48:00 - [44]
 

"If you break your neck, if you have nothing to eat, if your house is on fire, then you've got a problem. Everything else is inconvenience."

CCP will be just fine. As to Iceland, it's going to get worse before it gets better but we'll pull through. Icelandic optimism moves mountains.

royal killer
Amarr
Shadows Of The Federation
Posted - 2008.10.07 11:31:00 - [45]
 

Originally by: CCP Flatboy
"If you break your neck, if you have nothing to eat, if your house is on fire, then you've got a problem. Everything else is inconvenience."

CCP will be just fine. As to Iceland, it's going to get worse before it gets better but we'll pull through. Icelandic optimism moves mountains.


Too bad their ego and pride move mountains tooLaughingLaughing

Deviana Sevidon
Gallente
Panta-Rhei
Butterfly Effect Alliance
Posted - 2008.10.07 11:41:00 - [46]
 

Originally by: CCP Flatboy
"If you break your neck, if you have nothing to eat, if your house is on fire, then you've got a problem. Everything else is inconvenience."

CCP will be just fine. As to Iceland, it's going to get worse before it gets better but we'll pull through. Icelandic optimism moves mountains.


How about EU membership?

Nice Island, we will take it.YARRRR!!

Mystri
Posted - 2008.10.07 11:43:00 - [47]
 

Edited by: Mystri on 07/10/2008 12:38:29

I hope nobody here has an Icesave account. Looks like you will have to claim compensation... ugh

EDIT: Out of curiousity, who does CCP bank with? Because if Iceland's second largest bank can be declared insolvent (see above link), it's a worrying state of affairs. I hope CCP hasn't got all it's cash in one basket.

Blubberlutsch
Posted - 2008.10.07 12:45:00 - [48]
 

Originally by: Deviana Sevidon
Originally by: CCP Flatboy
"If you break your neck, if you have nothing to eat, if your house is on fire, then you've got a problem. Everything else is inconvenience."

CCP will be just fine. As to Iceland, it's going to get worse before it gets better but we'll pull through. Icelandic optimism moves mountains.


How about EU membership?

Nice Island, we will take it.YARRRR!!


EU-Membership wouldnt be the worst. i just read Russia doesnt wants to help you, so hey just ask.

And we dont take things.. most islands in the EU are a pain in the ass... looks to UK.Laughing

Squirl
Posted - 2008.10.07 12:49:00 - [49]
 

Well this seems the perfect time to cancel 4 of my 6 accounts..

You know as revenge for the BOB scandal..

and an extra kick in the teeth for CCP Evil or Very MadEvil or Very Mad

Stork DK
Minmatar
Risky eXplosion
Death or Glory
Posted - 2008.10.07 13:32:00 - [50]
 

I find it disturbing that most of us care more about CCP than of Iceland =]

DeckardIRL
The Randoms
Posted - 2008.10.07 15:22:00 - [51]
 

Isk has fallen to 210isk/ from 150isk/.

I have bought some today and will watch the rate movements over the next few days to get the rest- the Russians have lent Iceland 4bn to help out so the currency might start to stabilise... I see it went down as low as 230isk/ but travel rates have not been as good yet.

Deck

dischordia
Gallente
Knights Of Anarchy
Shadow of xXDEATHXx
Posted - 2008.10.09 10:46:00 - [52]
 

Originally by: CCP Eris Discordia
Yup

What we import from them ends up being cheaper when it's sold here.


it looks like I need to get over there then. In London (uk) you need a mortgage for a small burger and coke ATM Rolling Eyes

RedClaws
Amarr
Macabre Votum
Morsus Mihi
Posted - 2008.10.09 11:21:00 - [53]
 

Is there a place where you can view up to date euro to isk rates?

All these so called "up to date" sites are bogus.

CCP Navigator


C C P
C C P Alliance
Posted - 2008.10.09 11:27:00 - [54]
 

Originally by: dischordia
Originally by: CCP Eris Discordia
Yup

What we import from them ends up being cheaper when it's sold here.


it looks like I need to get over there then. In London (uk) you need a mortgage for a small burger and coke ATM Rolling Eyes


I was in Paris at the weekend for the Prix de l'Arc de Triomphe and most bars I was in had beer at 6.00 and a COKE at 5.00

I lol'ed at the prices, tbh.

Saladin
Minmatar
Minmatar Ship Construction Services
Ushra'Khan
Posted - 2008.10.09 14:04:00 - [55]
 

Is beer still for 600 isk or did prices go up?

Verite Rendition
Caldari
F.R.E.E. Explorer
EVE Animal Control
Posted - 2008.10.09 16:30:00 - [56]
 

Originally by: RedClaws
Is there a place where you can view up to date euro to isk rates?

All these so called "up to date" sites are bogus.
That's a good question. Google Finance is being rather schizophrenic; earlier today it had the ISK at 400+ ISK to the Euro, now it's at 150 ISK to the Euro.

Vertex Eisenstein
Gallente
In Vacuo Ops
Posted - 2008.10.09 17:18:00 - [57]
 

Even if CCP runs on currency other than (real)ISK there is something else that could cause problems:

The UK governmant is talking seriously about freezing the assets of Icelandic companies in the UK. This is due to UK local govt. investors having nearly 1Bn in Icelandic banks that it looks like they might lose.

Relations between the UK and iceland are souring rapidly, and given how poor they have got in the past I would not be surprised if the UK government took a pretty belligerent position on this issue. The icelandic gov has already blamed the UK for the most recent bank collapse and the UK is taking legal action against iceland to recover assets.

Given that the servers are based in london I can only hope that the electricity bill has been paid in advance!

Ashraaf
Infinite Improbability Inc
-Mostly Harmless-
Posted - 2008.10.09 17:39:00 - [58]
 

Edited by: Ashraaf on 09/10/2008 17:39:50
To be confirmed but it seems that G Brown annonces that the Uk goverment freeze the Icelandic asset

Navigator annonce when you came in paris, i'm sure lot of people will show you where beer is good and affordable, you fall on the tourist trap

Ademaro Imre
Caldari
Posted - 2008.10.09 17:57:00 - [59]
 

Edited by: Ademaro Imre on 09/10/2008 18:00:27
Originally by: RedClaws
Is there a place where you can view up to date euro to isk rates?

All these so called "up to date" sites are bogus.


http://finance.yahoo.com/currency

Symbol Euro Exchange Rate Iceland Krona Bid Ask
EURISK=X 1 Oct 9 146.79 146.79 146.79 147.0

Taz Devlin
Minmatar
The Collective
B O R G
Posted - 2008.10.09 18:43:00 - [60]
 

Originally by: royal killer
Originally by: CCP Prism X

But no worries, CCP has weathered worse and has no intentions of falling short this time around. Wink


Really hope I can say the same thing about Iceland Sad (Yes, i live here.)

It has, on several occasions in fact.
Only in the last 10 years or so has Iceland been in as good a financial health that everyone could get cash to do what ever they dreamed. Too bad it was all built on fancy words and statistics.
The 1000 years before that have been a constant struggle tbh.


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