Invariably, conversations with the locals end up with some discussion about how things have changed since the financial collapse in Iceland in 2008. Everyone we talked to was affected in some direct way by the collapse. Some had their wages cut as a result; many were saddled with having to deal with mortgages based on pre-2008 prices against properties that were suddenly worth a fraction of that amount.
"2008" exists in time for Icelanders like the Mid-Atlantic Rift exists in the terrain of their island -- there is a clear gap between then and now or there and here. At the same time, there is clearly affluence in Reykjavik that can not solely be explained by the arrival of visitors from abroad. We've been trying to figure out what this is based upon, but have not yet found the answer.
As a final comment, it makes the continuing story of the Occupy Wall Street demonstrations and their sibling movements in other locations pale by comparison. The protestors at the various "Occupy" events have their reasons for being there, but the reality of the Iceland situation is more keenly felt (and continues to be felt) here.
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