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Iceland Going For Trifecta As "Gateway To Hell" Volcano Prepares To Blow

Tyler Durden's picture




 

Last year's Eyjafjoell and the recent Grimsvotn eruptions will have been a walk in the pyroclastic park if, as AFP reports, the most feared of all Iceland volcanoes, Hekla, is indeed about to blow. "Experts say one of Iceland's most feared volcanoes looks ready to erupt, with measurements indicating magma movement, raising fears of a new ash cloud halting flights over Europe. The Iceland Civil Protection Authority says it is closely monitoring the situation. "The movements around Hekla have been unusual in the last two to three days," University of Iceland geophysicist Pall Einarsson said." Hekla's eruption would certainly have far more dire consequences on European airspace than Grimsvotn, which merely succeeded in getting Obama to vacate Ireland sooner than expected: "The volcano, dubbed by Icelanders in the Middle Ages as the "Gateway to Hell," is one of Iceland's most active, having erupted some 20 times over the past millennium, most recently on February 26, 2000. Over the past 50 years, Hekla has gone off about once a decade." And so Europe, once again caught in the maelstrom of a sovereign debt crunch, will be sensitive to headline risk, as the last thing the continent which is now doing all it can to ostracize rating agencies, as if its insolvency is their fault, is a continent-wide grounding of all flights.

More:

The news of a possible imminent eruption comes just over a month after this year's violent eruption at the Grimsvoetn volcano, in the south-east of the country.

That eruption subsided after less than a week, having spit out far more ash than Eyjafjoell, but due to more favourable winds for Europe caused far less air traffic disruption.

Mr Gudmundsson says the volcano tends to "produce both ash and lava within the first seconds of an eruption".

He says lava eruptions are far less disruptive to air travel.

"If the next eruption is of the same character [as the previous ones] it is unlikely that it will have any effects on flights in Europe," he said.

"But of course this depends on the size of the eruption, which is something that is impossible to predict."

Both of Iceland's latest eruptions provided warning signs several hours before, but Hekla is known for having a very short fuse.

"Hekla never gives you much of a warning," Mr Einarsson said.

He says in 2000, it began rumbling an hour-and-a-half before the outbreak of magma, which "was actually an unusually long warning".

"In 1970 we only got 25 minutes notice," he said.

After Iceland's last two eruptions, geologists have warned that the country's volcanoes appeared to have entered a more active phase and that more eruptions could be expected, with Hekla believed to be first in line.

 

 

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Wed, 07/06/2011 - 08:08 | 1429064 qussl3
qussl3's picture

This is getting ridiculous.

No one can catch a break.

Wed, 07/06/2011 - 08:11 | 1429069 metastar
metastar's picture

The shut down of airspace could be no worse than when Obama visits town!

Wed, 07/06/2011 - 08:15 | 1429084 Thomas
Thomas's picture

I was trapped in Europe for a week for the first volcano a couple years ago. The sense of urgency to get home was the fear that Hekla would soon follow.

On an unrelated note, here is a really cool Wimp.com video of a savant who learned Icelandic in one week...

http://www.wimp.com/speakicelandic/

Wed, 07/06/2011 - 08:30 | 1429116 Solid
Solid's picture

That was an incredible video.
I wonder if he's allowed in casinos?

Wed, 07/06/2011 - 09:37 | 1429336 Transformer
Transformer's picture

"This is getting ridiculous.

No one can catch a break."

 

It's global warming.  We are paying for our sins.

 

/sarc

Wed, 07/06/2011 - 11:29 | 1429787 Urban Redneck
Urban Redneck's picture

And if we get a big bang and a mini ice age - the climate change will still be blamed on all the (idled) factories - anything to continue the plundering of middle and lower class public tax dollars for boodoggle businesses backed by poltically connected deep pockets, academics who can't educate much less produce anything of worth, and corrupt policians seeking their own reelection and expaned authority for the States they control.

Thu, 07/07/2011 - 09:35 | 1432187 Dental Floss Tycoon
Dental Floss Tycoon's picture

 

My favorite.

The elites are using H.A.R.P to punish Iceland for stiffing the banks.


Wed, 07/06/2011 - 09:41 | 1429350 stewie
stewie's picture

He'll be working for Goldman Sachs soon...

Wed, 07/06/2011 - 08:12 | 1429071 Incubus
Incubus's picture

The earth's probably got a few billion more years of life in it before the sun just burns everything away: maybe that's enough time for some other species to evolve to an "intelligent" level capable of building civilizations:  maybe they'll be better than us, but we've definitely squandered our brief period of time "at the top."

Wed, 07/06/2011 - 08:20 | 1429095 bigdumbnugly
bigdumbnugly's picture

yes, i've read that the chimpanzees are demonstrating solidarity and will be running their candidate in 2012.

it's doubtful their main platform of reducing tariffs on banana imports will win them any seats this go-round however.

but they might beat out the green party anyway.

Wed, 07/06/2011 - 08:48 | 1429156 trav7777
trav7777's picture

their candidate has won for the past 3 elections running...

Wed, 07/06/2011 - 08:52 | 1429168 malikai
malikai's picture

That can't be right. The chimpanzees lost the last 10 elections to the puppetmasters. Unless you're implying the puppetmasters are themselves chimpanzees..

Wed, 07/06/2011 - 08:56 | 1429182 Cognitive Dissonance
Cognitive Dissonance's picture

This is evolution?

Devolution maybe.

Wed, 07/06/2011 - 09:29 | 1429305 mick_richfield
mick_richfield's picture

Are we not men ?!

 

 

Wed, 07/06/2011 - 13:04 | 1430161 Piranhanoia
Piranhanoia's picture

we are Devo

Wed, 07/06/2011 - 10:54 | 1429643 malikai
malikai's picture

Recursion.

Wed, 07/06/2011 - 08:23 | 1429103 Gully Foyle
Gully Foyle's picture

Incubus

"but we've definitely squandered our brief period of time "at the top.""

Blah, blah, blahitty, blah.

I tend to agree with David Brin that we are now living in a Golden age.

Wed, 07/06/2011 - 10:06 | 1429455 Oh regional Indian
Oh regional Indian's picture

Hekla: Cloak

In the shape of an overturned boat.

Active every decade....or so.

"Hekla is presumed to have erupted 20 times in historical times. The largest eruption was in 1104. In the twentieth century Hekla erupted four times, in 1947, 1970, 1980, and 1991. Hekla erupted last in February 2000."

Old Norse hekla = 'cloak' (referring to the cloak of mist that hides its summit)

So the cloak to the underworld is about to blow.

I'd say that is multi-contexutally significant, grounding flights aside.

ORI

http://aadivaahan.wordpress.com/2011/07/04/a-year-and-a-day-later/

Wed, 07/06/2011 - 10:32 | 1429565 snowball777
snowball777's picture

Is it me, or is their volcano a great leading indicator for US recessions? ;)

Wed, 07/06/2011 - 08:59 | 1429192 knavechild
knavechild's picture

Mother nature will seal our fate, as we continue clutching our silver eagles, shouting "the banksters will never take us alive!"

Wed, 07/06/2011 - 09:36 | 1429324 mick_richfield
mick_richfield's picture

@ Incubus

maybe that's enough time for some other species to evolve to an "intelligent" level capable of building civilizations

Yes, several billion years is enough time for many such species to arise. 

But do not concern yourself.  My Masters are confident that they can control any such threat in the same way that upstart species have always been controlled.  With central banks or, failing that, large asteroids.

 

 

Wed, 07/06/2011 - 08:16 | 1429086 Mae Kadoodie
Mae Kadoodie's picture

What the Heckla is going on? 

Wed, 07/06/2011 - 08:35 | 1429128 snowball777
snowball777's picture

Alright comedian, don't make me Hekla you.

Wed, 07/06/2011 - 08:45 | 1429148 Mae Kadoodie
Mae Kadoodie's picture

So a Priest and a Rabbi go into an Icelandic volcano bar...

Wed, 07/06/2011 - 08:58 | 1429186 Cognitive Dissonance
Cognitive Dissonance's picture

Please, no more religious porn jokes. Think of the zealots for crying out loud. They have feelings too you know. :)

Wed, 07/06/2011 - 09:23 | 1429284 fredquimby
fredquimby's picture

Nothing is going on yet.....

http://www.ruv.is/hekla

 

 

Thu, 07/07/2011 - 03:41 | 1431860 Breaker
Breaker's picture

"This is getting ridiculous. No one can catch a break."

I don't think this is a fair statement. Jaime Gorelick, Franklin Raines, Barney Frank and Chris Dodd and a host of others were the architects of the subprime realestate crash and most of our economic problems today. I would say that the huge bonuses for the sorta-private sector folks at Fannie and Freddie, The flat out huge bonuses for GS et al, The huge campaign contributions Barney and chris extorted from the Goldman's the Fannies and the Freddies, and the fact that none of these people are incarcerated or under threat of incarceration qualifies as a one-of-a-kind break ranking among all-time great breaks people have caught.

Wed, 07/06/2011 - 08:13 | 1429067 williambanzai7
williambanzai7's picture

Think of all those Troika Meetings on Face Skype.

Wed, 07/06/2011 - 08:18 | 1429092 Gully Foyle
Gully Foyle's picture

http://www.youtube.com/watch?v=sxuaUaS4rU0

Volcano
Artist(Band):Jimmy Buffett

Chorus:
Now I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

Chorus:
Well let me hear ya now
I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

Ground she's movin' under me
Got ya tidal waves out on the sea
Sulphur smoke up in the sky
Pretty soon we learn to fly

Chorus:
Hey I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

Now my girl quickly said to me
Man, you'd better watch your feet
That lava comes out soft and hot
You better lova me now or lova me not

Chorus:
See I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

"Hey Mr. Utley."

No time to count what I'm worth
Hey I just left the planet earth
But a' where I go I hope there's rum
Not to worry, more soon come

Chorus:
I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

But I don't want to land in New York City
Don't want to land in Mexico (no no no)
Don't want to land in the Three Mile Island
Don't want to see my skin aglow (no no no)

Don't want to land in Commanche Sky park
Or in Nashville, Tennessee (no no no)
Don't want to land in no San Juan airport
Or the Yukon Territory (no no no)

Don't want to land in no San Diego
Don't want to land in no Buzzard's Bay(no no no)
Don't want to land on no ayutollah
I got nothin a more to say

Chorus:
I don't know
I don't know
I don't know where I'm a gonna go
When the volcano blow

Wed, 07/06/2011 - 08:13 | 1429073 GeneMarchbanks
GeneMarchbanks's picture

Burn baby Burn. I hope it halts all the flights in/out of Europe and the ash covers all of Europe so that visibility is nil. Then, we get all this bailout nonsense straightened out, people vs banksters.

Skies clear... Europe emerges sqeeky clean

Wed, 07/06/2011 - 08:27 | 1429110 Gully Foyle
Gully Foyle's picture

GeneMarchbanks

"Burn baby Burn."

Disco Inferno, right Stu?

Wed, 07/06/2011 - 08:13 | 1429074 knavechild
knavechild's picture

It's 5:13am, and instead of coffee, I'm reaching for the tequila.

Wed, 07/06/2011 - 08:36 | 1429132 snowball777
snowball777's picture

That's the spirits.

Wed, 07/06/2011 - 08:13 | 1429075 Ray1968
Ray1968's picture

Good... all that ash will send us into a volcanic winter. I was getting too hot anyway.

Wed, 07/06/2011 - 08:14 | 1429082 Incubus
Wed, 07/06/2011 - 08:26 | 1429108 Gully Foyle
Gully Foyle's picture

 

Ray1968

"Good... all that ash will send us into a volcanic winter."

Fimbulvetr is the harsh winter that precedes the end of the world and puts an end to all life on Earth. Fimbulwinter is three successive winters where snow comes in from all directions, without any intervening summer. During this time, there will be innumerable wars and brothers will kill brothers.[1]

The event is described primarily in the Poetic Edda. In the poem Vafþrúðnismál, Odin poses the question to Vafþrúðnir as to who of mankind will survive the Fimbulwinter. Vafþrúðnir responds that Líf and Lífþrasir will survive and that they will live in the forest of Hoddmímis holt.

This mythology might be related to the extreme weather events of 535–536 which resulted in a notable drop in temperature across northern Europe. There have also been several popular ideas about whether or not this particular piece of mythology has a connection to the climate change that occurred in the Nordic countries at the end of the Nordic Bronze Age dating from about 650 BC. Before this climate change, the Nordic countries were considerably warmer.[2]In Denmark, Norway, Sweden and other Nordic countries, the term fimbulvinter is still used to refer to an unusually cold and harsh winter.[3]

From Old Norse 'awful, great winter'. The prefix "fimbul" means "the great/big" so the correct interpretation of the word is "the great winter".

( In a related note I now have a Fimbul Cock)

Wed, 07/06/2011 - 09:13 | 1429175 hedgeless_horseman
hedgeless_horseman's picture

Tjena, bitchezzz!

Wed, 07/06/2011 - 09:01 | 1429198 Ray1968
Ray1968's picture

I guess it is better to have a Fimbul Cock than a thimble cock!!

Wed, 07/06/2011 - 09:26 | 1429290 fredquimby
fredquimby's picture

Most interesting. (not the cock bit)

Thank you.

Wed, 07/06/2011 - 13:55 | 1430342 goldfish1
goldfish1's picture

More, please.

Wed, 07/06/2011 - 08:13 | 1429077 overmedicatedun...
overmedicatedundersexed's picture

wait volcano eruptionsare good for cooling the global warming of man..LOL so every thing is going to be OK..no really europe could use a few months of cold black , plane empty, skies to bring it's economy back to health.

Wed, 07/06/2011 - 08:14 | 1429079 The Axe
The Axe's picture

I was next to Hekla once when the motherfucker blew,,,and the guide said no worries it always flows out towards the ocean... Of course I was still shitting my pants from the earthquakes that preceded the eruption...

Wed, 07/06/2011 - 08:14 | 1429081 Robslob
Robslob's picture

God must hate us...the only country that tells Bankers to Fuck Off and they have Volcano problems?

You can just hear those bankers now..."Iceland...told ya so!"

Wed, 07/06/2011 - 08:17 | 1429089 qussl3
qussl3's picture

It would take the people who have the balls to live on a bunch of freaking volcanos to tell the bankers to FUCK OFF.

Wed, 07/06/2011 - 08:20 | 1429096 Gully Foyle
Gully Foyle's picture

qussl3

"It would take the people who have the balls to live on a bunch of freaking volcanos to tell the bankers to FUCK OFF."

So Hawaii is the next domino to fall? Then what parts of Washington state?

Wed, 07/06/2011 - 08:31 | 1429119 qussl3
qussl3's picture

Too damn cold to surf in Iceland.

Wed, 07/06/2011 - 08:34 | 1429127 Gully Foyle
Gully Foyle's picture

qussl3

Willard: Are you crazy, Goddammit? Don't you think its a little risky for some R&R?
Kilgore: If I say its safe to surf this beach, Captain, then its safe to surf this beach! I mean, I'm not afraid to surf this place, I'll surf this whole fucking place!

Wed, 07/06/2011 - 08:53 | 1429174 pods
pods's picture

Charlie don't surf!

 

pods

Wed, 07/06/2011 - 08:38 | 1429136 snowball777
snowball777's picture

You're seeing it all wrong, man; God is using Iceland to register his opinion on the EZ bailout plan...the bond vigilante of bond vigilantes.

Wed, 07/06/2011 - 08:14 | 1429083 HelluvaEngineer
HelluvaEngineer's picture

Queue the locust swarms, ready to attack NFLX headquarters.

Wed, 07/06/2011 - 08:15 | 1429085 oogs66
oogs66's picture

Since they can't blame a summer slowdown on weather, or vacations in Europe, we needed something.  Now any bad data can be a result of volcanic activity.

Wed, 07/06/2011 - 08:21 | 1429099 Gully Foyle
Gully Foyle's picture

oogs66

Where the fuck are all the HAARP people? This falls into their area of expertise.

Wed, 07/06/2011 - 08:25 | 1429104 the not so migh...
the not so mighty maximiza's picture

Its that neutron star the size of a Toyota hurdling toward Earth.

Wed, 07/06/2011 - 08:35 | 1429130 Gully Foyle
Gully Foyle's picture

the not so migh...

Then we are safe if it is hurdling toward Earth. Leap right over us.

Wed, 07/06/2011 - 08:46 | 1429151 Miss Expectations
Miss Expectations's picture

Giant comet heading for the sun:

http://www.youtube.com/dutchsinse#p/u/1/c03Q9xaJVGc

Wed, 07/06/2011 - 09:28 | 1429301 fredquimby
fredquimby's picture

@dutchsinse is one of the YT folk i follow.

He does great earthquake reports and even just drove all the way to Calhoun Nuke plant to see if there was any radiation!!

http://radiationnews.blogspot.com/2011/06/6242011-dutchsinse-youtube-aci...

 

Wed, 07/06/2011 - 22:40 | 1431564 Hephasteus
Hephasteus's picture

Haarp can't do anything to volcano's. They just skin over and then pop every so often.

Wed, 07/06/2011 - 08:16 | 1429088 speedy
speedy's picture

At least the MSM will have a better chance of pronouncing "Hekla".

A lot easier than "eye a jok fook you"

Wed, 07/06/2011 - 08:25 | 1429105 equity_momo
equity_momo's picture

Splendid.

Tyler , could you work on making profile pics a little larger please?

Wed, 07/06/2011 - 08:58 | 1429185 hedgeless_horseman
hedgeless_horseman's picture

You say you want some resolution.
Well, you know, we all want to change the world.

Wed, 07/06/2011 - 09:30 | 1429307 Sweet Chicken
Sweet Chicken's picture

LOL *clap*

Wed, 07/06/2011 - 08:20 | 1429097 knavechild
knavechild's picture

We seem to be caught inside some sort of looping hyperdimensional-bankster-NWO-preciousmetals-volcanoerrupting-cesium137induced-collapse-clusterfuck of epic proportions.

I can haz spaceship?

Wed, 07/06/2011 - 08:36 | 1429131 cosmictrainwreck
cosmictrainwreck's picture

yeah....and this might be just the "warm-ups"

Wed, 07/06/2011 - 08:39 | 1429138 wisefool
wisefool's picture

I could not get the clip I wanted. But in the rebooted battlestar galactica series, in the first few episodes the ship is forced to jump frequently. The crew is shown being strained, working on no sleep, etc. but the big reveal is the jump interval is something like 90 seconds, instead of the normal human 24 hour clock.

 

So here is your spaceship: http://www.youtube.com/watch?v=hvYVR6XXsHA

Unless you are an MBA, psychologist, or other master of the universe, in that case, here is your spaceship: http://en.wikipedia.org/wiki/Two-factor_theory.

Blame any job/role dissatisfaction in either link on the cylons, ( but  not the flesh covered ones.)

Wed, 07/06/2011 - 10:31 | 1429564 Oh regional Indian
Oh regional Indian's picture

Now that was funny!

ORI

Wed, 07/06/2011 - 08:27 | 1429109 Mae Kadoodie
Mae Kadoodie's picture

Hecklava job Brownie!

Wed, 07/06/2011 - 08:33 | 1429123 williambanzai7
williambanzai7's picture

Wed, 07/06/2011 - 08:37 | 1429133 equity_momo
equity_momo's picture

Look a bit like Chicago.

Wed, 07/06/2011 - 09:18 | 1429262 Yen Cross
Yen Cross's picture

 Chicago... good one! I fancy ( the dark side of) Mercury in autumn...

Wed, 07/06/2011 - 08:37 | 1429134 Gully Foyle
Gully Foyle's picture

williambanzai7

Galadriel: It began with the forging of the Great Rings. Three were given to the Elves; immortal, wisest and fairest of all beings. Seven, to the Dwarf Lords, great miners and craftsmen of the mountain halls. And nine, nine rings were gifted to the race of Men, who above all else desire power. For within these rings was bound the strength and the will to govern over each race. But they were all of them deceived, for a new ring was made. In the land of Mordor, in the fires of Mount Doom, the Dark Lord Sauron forged in secret, a master ring, to control all others. And into this ring he poured all his cruelty, his malice and his will to dominate all life. One ring to rule them all. One by one, the free peoples of Middle Earth fell to the power of the Ring. But there were some who resisted. A last alliance of men and elves marched against the armies of Mordor, and on the very slopes of Mount Doom, they fought for the freedom of Middle-Earth. Victory was near, but the power of the ring could not be undone. It was in this moment, when all hope had faded, that Isildur, son of the king, took up his father's sword. And Sauron, enemy of the free peoples of Middle-Earth, was defeated. The Ring passed to Isildur, who had this one chance to destroy evil forever, but the hearts of men are easily corrupted. And the ring of power has a will of its own. It betrayed Isildur, to his death. And some things that should not have been forgotten were lost. History became legend. Legend became myth. And for two and a half thousand years, the ring passed out of all knowledge. Until, when chance came, the ring ensnared another bearer. The ring came to the creature Gollum, who took it deep into the tunnels under the Misty Mountains, and there it consumed him. The ring gave to Gollum unnatural long life. For five hundred years it poisoned his mind; and in the gloom of Gollum's cave, it waited. Darkness crept back into the forests of the world. Rumor grew of a shadow in the East, whispers of a nameless fear, and the Ring of Power perceived. Its time had now come. It abandoned Gollum. But then something happened that the Ring did not intend. It was picked up by the most unlikely creature imaginable. A hobbit, Bilbo Baggins, of the Shire. For the time will soon come when hobbits will shape the fortunes of all...

Wed, 07/06/2011 - 08:46 | 1429152 snowball777
snowball777's picture

It began with the forging of the Great CDOs...

Wed, 07/06/2011 - 09:06 | 1429212 wisefool
wisefool's picture

"In 1991 the cold war was ending"

"What is a CRA?"

"Somebody set us up a CDO/MBS"

"We get McMansion"

"What?"

"55 inch HDTV turn on"

"Its you"

"How are you sheep? All your tax base are belong to us. You are on the way to Dancing with the stars."

"What you say?"

"Mortgage interest deduction ends in 2015 make your time"

"Bueller?"

"Ha,Ha,Ha"

"You 'social justice' politicians really did know what you were doing the whole time"

"Launch every ZH"

 

Wed, 07/06/2011 - 09:21 | 1429275 hedgeless_horseman
hedgeless_horseman's picture

Wed, 07/06/2011 - 11:00 | 1429658 snowball777
snowball777's picture

Make your time!

Wed, 07/06/2011 - 08:34 | 1429126 WhOracle
WhOracle's picture

The gods are asking for human sacrifices. Bankers preferably.

Wed, 07/06/2011 - 08:44 | 1429147 malikai
malikai's picture

The gods are asking the wrong people. Iceland already put their banksters in jail. Perhaps they meant to blow up a volcano on Wall street or in London?

Wed, 07/06/2011 - 08:47 | 1429153 WhOracle
WhOracle's picture

There is only one "Gateway to Hell" , they ought to ship em over.

Wed, 07/06/2011 - 08:50 | 1429159 malikai
malikai's picture

Someone better let the gods know that beggars can't be choosers. And besides, who would want to throw the servants of God's Work (tm) into the gateway to hell?

Wed, 07/06/2011 - 08:38 | 1429137 vitoox
Wed, 07/06/2011 - 09:30 | 1429310 fredquimby
Wed, 07/06/2011 - 08:45 | 1429150 wandstrasse
wandstrasse's picture

volcano eruption? Bullish and transitory, like everything.

Wed, 07/06/2011 - 08:48 | 1429157 Youri Carma
Youri Carma's picture

Debt Raters Miss Iceland Rebound - Corrupt Rating Agencies are BS
6 July 2011
, by Omar R. Valdimarsson (Bloomberg)
http://www.bloomberg.com/news/2011-07-06/debt-raters-miss-iceland-rebound.html

Excerpt:

The credit rating companies that were too slow in predicting Iceland’s economic collapse in 2008 may be underestimating the strength of its resurrection.

Fitch Ratings said in May it may take two years for the island to shed its junk status, while Moody’s Investors Service and Standard & Poor’s give Iceland their lowest investment grades.

That hasn’t deterred investors from trying to buy twice the amount offered in last month’s $1 billion bond sale as the island returned to global capital markets less than three years after its banks defaulted on $85 billion in debt.

“When you look at how successful that auction was, it’s clear that investors are now crunching the numbers themselves and that the credit grades from the rating agencies are less relevant,” Valdimar Armann, an economist at Reykjavik-based asset manager Gamma, said in a July 4 interview.

Iceland’s experience shows the rating companies may be overcompensating after failing to identify some of the risks that led to the global financial crisis, said Armann.

While Moody’s kept a Aaa rating on Iceland until five months before its banks collapsed, reluctance to raise the island’s credit grade now is blocking the country’s access to a broader investor base.

Debt derivatives show the low ratings may be unwarranted as credit default swaps on Iceland indicate it’s less likely to default than euro member Spain.

Wed, 07/06/2011 - 08:50 | 1429165 Corduroy
Corduroy's picture

Hi All

This is a great blog to keep up to date on icelandic volcanoes

http://www.jonfr.com/volcano/

 

Wed, 07/06/2011 - 08:52 | 1429167 Herbert_guthrie
Herbert_guthrie's picture

Those who do not play ball with the Central Bankers will pay, one way or another!

Wed, 07/06/2011 - 08:52 | 1429169 cheesewizz
cheesewizz's picture

Hekla could do the world a favor by blanketing the earth with her ash cloud for 100 years, That will teach them banker bitches. Planet of the Phucking Apes...

 

Wed, 07/06/2011 - 08:57 | 1429181 Dick Darlington
Dick Darlington's picture

If it erupts it will be very bullish, just like Japan's very unfortunate disaster. At least the banking cartel thinks so... This one from Nomura catched my eye today:

Positioning for a bounce in risk sentiment catalysed by a stronger-than-expected "V-shaped" recovery in Japan

ROFL!

Wed, 07/06/2011 - 08:56 | 1429184 Caviar Emptor
Caviar Emptor's picture

Bada Binga Baby

Wed, 07/06/2011 - 09:03 | 1429202 Rynak
Rynak's picture

Hekla's eruption would certainly have far more dire consequences on European airspace than Grimsvotn, which merely succeeded in getting Obama to vacate Ireland sooner than expected

So, it's a bit like "good volcano" and "bad volcano"?

Wed, 07/06/2011 - 09:05 | 1429206 Superslam
Superslam's picture

Is Comex taking action on magma futures?

Wed, 07/06/2011 - 09:42 | 1429349 Yen Cross
Yen Cross's picture

 CME is. Look@ the COT charts! {Quartz and Flint}...

 

    Brimstone is a little (HOT) right now...

Wed, 07/06/2011 - 09:06 | 1429213 Jack Burton
Jack Burton's picture

 Hekla could give Europe a Heck-of-a headache right in the middle of peak tourist season.

 

Wed, 07/06/2011 - 09:11 | 1429231 epwpixieq-1
epwpixieq-1's picture

So much energy. Just capture, at least some of it!

Wed, 07/06/2011 - 09:30 | 1429312 101 years and c...
101 years and counting's picture

speaking of energy, good luck to oil bulls if that one blows.  remember the other one knocked oil down from $87 to $65 in a month last year.....

Wed, 07/06/2011 - 09:12 | 1429235 G-R-U-N-T
G-R-U-N-T's picture

There will soon be a more ominous force than Hekla's burp as European fraud and extortion come to a head like a nasty bulbous zit ready to spew it's nasty mass.   

http://www.generationaldynamics.com/cgi-bin/D.PL?d=ww2010.weblog&i=e1107...

Wed, 07/06/2011 - 09:28 | 1429295 Rusty Shorts
Rusty Shorts's picture

Have they got the goddamned camera pointed at Eyjafjallajokull Volcano, or Heckla Volcano? or Katla Volcano?... remember this?

 

http://www.zerohedge.com/article/forget-eyjafjallajokull-mt-katla-now-getting-ready-rumble

 

Wed, 07/06/2011 - 09:48 | 1429380 Negro Primero
Negro Primero's picture

Yes Rusty, and now EU is really shaking. Just today a couple of earthquakes in Greece and Portugal:

http://hisz.rsoe.hu/alertmap/index2.php?area=eu&lang=eng

 

Wed, 07/06/2011 - 09:33 | 1429319 fredquimby
fredquimby's picture

http://bigthink.com/ideas/26619

Some more volcano webcams worldwide

Wed, 07/06/2011 - 09:15 | 1429247 Yen Cross
Yen Cross's picture

 "Smokin Headlines"  +1

Wed, 07/06/2011 - 09:43 | 1429362 fredquimby
fredquimby's picture

Here we go!!

Icelandic quakemap!

http://hraun.vedur.is/ja/englishweb/myrjokull.html

 

Wed, 07/06/2011 - 10:01 | 1429436 stiler
stiler's picture

/sarc off

at least a volcano lets you know what's down there

Wed, 07/06/2011 - 10:02 | 1429441 rsnoble
rsnoble's picture

Kick ass! Nothing like waking up to a pot of hot fresh brewed coffee and impending mass destruction!  It's just too bad we can't vote for the location of the event, I certainly wouldn't pick Iceland. 

Wed, 07/06/2011 - 10:09 | 1429466 Jovil
Jovil's picture

Volcanos, radiation from Japan, radiation from all over the us, dollar crashing. Look at these guys, they are really prepared.

http://lonerangersilver.wordpress.com/2011/06/30/doomsday-preppers-on-na...

Wed, 07/06/2011 - 10:15 | 1429471 Jovil
Jovil's picture

So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets – specifically what investors need to be aware of in terms of the way the markets are currently managed (maniuplated), the macro outlook for the economy (grim) and the true value of gold and silver (very under-priced; particularly silver).

Read more

http://lonerangersilver.wordpress.com/2011/07/05/eric-sprott-%E2%80%93-p...

Wed, 07/06/2011 - 10:12 | 1429479 Ikea nesting in...
Ikea nesting instinct's picture

Unfortunately a lot of BS is written about this country.

Hekla has never been nor will be an international problem.  Nice cozy eruptions with picturesque lava-flows.

And now the Bloomberg BS about Icelandic credit.  "underestimating the strength of its resurrection"...  The "resurrection" is in nominal terms based on an absolute worthless fiat currency.  Measure it in XAU and it's in complete other order of magnitude than stated.

Wed, 07/06/2011 - 10:49 | 1429623 ebworthen
ebworthen's picture

 

Just wait until the Yellowstone Caldera blows; game over U.S.A.

I'd better get there this Summer to get some pictures.

 

Wed, 07/06/2011 - 11:24 | 1429772 msnrochny
msnrochny's picture

Now we know where the Pheonix dust storm came from.

Wed, 07/06/2011 - 12:54 | 1430143 DavidC
DavidC's picture

But surely this will help with the melt-up, won't it?

DavidC

Wed, 07/06/2011 - 13:09 | 1430176 Piranhanoia
Piranhanoia's picture

If you want real vulcan news from an expert perspective, try;

http://bigthink.com/blogs/eruptions/    The things people say on MSM are seriously stupid. The facts are different. No one can predict a volcano blowing it's top.  Check out one of the masters!

Wed, 07/06/2011 - 13:12 | 1430187 squexx
squexx's picture

It's a shame they can't relocate the volcano to downtown Tel Aviv!

Wed, 07/06/2011 - 17:00 | 1430884 ILoveTheWorld
ILoveTheWorld's picture

please please erupt so I don't have to go back to brazil

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