It's been weird here in Iceland for the last couple of weeks, to say the least.

Our super-overextended banking system (run and fuelled by the greed and debt of a handful of billionaires in front of the blind eye of stupid regulators) exploded, leaving the Icelandic state with responsabilities and debt for future generations, and clients of Icelandic banks all over the world with a huge loss. If I never hear the word 'turmoil' again, that's just fine by me.

Our currency, (already a stupid idea to have a currency for only 320.000 people) plunged like a lead ballon, and the implications of what this will mean for our little island in the north are huge. Failure of banks and businesses and enormous debt is what awaits our country.

It doesn't stop here. Thanks to an unexpected PR war that supreme twat PM Gordon Brown won, and Iceland lost spectacularly without a fight, most people seem to think that the people of Iceland are now driving around in 4x4 Ferraris, drinking vodka from jewelery bought with stolen money from widows and UK charities. The trouth could not be further away, but this is what losing a PR war means.

On my desk I have a marketing campaign all ready, just waiting for my approval. Around 50% of the recipients are in the UK. I think I'll wait.

There are good sides to all this, believe you me. Music and culture tends to bloom in recession, and the fact that our currency just went tits up, makes us more competitive pricewise. Our company has a small overhead and can take the heat for a while. And I don't worry for a second about Icelandic music. Having heard all the new stuff that is being made, I can assure you that the future is bright.