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What people are saying about our eBook!

I just wanted to remind everyone that this is the last chance to buy Living Inside the Meltdown at the lower price of USD 19.99 — tomorrow we’ll be hiking the price up to USD 24.99.

I’d also like to remind people that there is a forum available for discussing the various aspects and issues that are highlighted in the book.

And now here are some of the lovely things some of you have been saying about the book, pulled from the comments to the last couple of posts.

I stayed up most of the night reading your book. Bravo and thank you for the clear and concise insight into the lives of ordinary residents.


I’m deeply impressed with your e-book. It really get to the heart of the things and presents a side of things that doesn’t make it to the rest of the world. It certainly echoes a lot of what my friends and relatives in Iceland tell me about the mood of the place.


Living Inside the Meltdown is a stunning read … I hope [it] gets the big readership it deserves.


Unlike the umpteenth book about the collapse from the bankers’ or economists’ point of view it provides some new insights, which I couldn’t find elsewhere – for instance the account of immigrants like the construction worker and the painter. I think it reveals a valuable insight into the relation between Icelanders and immigrant workers, which is apparently fraught with tension. Without the book this would otherwise remain almost invisible for outsiders like me. … There had been several requests in comments to older post about writing a book on the meltdown from the ordinary people’s point of view. Now the book is here and I hope it finds many readers.


Well worth the content!! I will recommend it to my friends.


I learned more in the few hours it took me to read it about how Íslendingar have really been affected than my many months of reading Icelandic newspaper articles and blogs. Highly recommended reading whatever the price.

Thanks everyone!

Once again: Last chance to buy Living Inside the Meltdown at the introductory price of $19.99!

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  • elín May 10, 2010, 1:52 pm

    I was thinking of pluggedy plugging a link to this post at some of the Iceland-obsessive and western-Icelander groups/fan pages I belong to at FB. I think I have found just about all of them 🙂 and they could possibly be an audience for your eBook. Thought I’d ask first.

  • alda May 10, 2010, 2:17 pm

    But of course!! Please be my guest! 🙂

  • kevin oconnor,waterford ireland May 10, 2010, 2:54 pm

    @Alda just getting through some of the horror stories in their that 75 yr old guy certainly laid it on the line, I am unemployed 49 yr old dogmeat myself but I have one crucial advantage I do not owe 1 euro to anybody “Never a borrower or a lender be said my grandma how very true” We in Ireland have our horror stories too – How about this unemployed electrician in court courtesy of his caring sharing Bank mortgage monthly €3000( 36K a year=insanity), 50% slump in said dream home huge neg equity therein, anyway he is skipping out to Canada rather like that guy headed to Norway, Think what would happen to me if I even owed €300 per month to somebody, I would be doomed and certainly not purchasing your book for instance (Dole =€196 per week so you can just scrape through with no credit cards,personal loans,mortgages etc) I never want a mortgage ever ever preferring to waste my money on iPads,trips to Iceland and nice food.

    As to your previous posts about your ” Blog is it worth it” well yes but just as a hobby do not let it interfere with your life or peso gathering activities.

  • kevin oconnor,waterford ireland May 10, 2010, 3:42 pm

    And Oh Yes the ash cloud returns wonderful pictures it just looks like its being deliberately aimed at the UK the plume stays tight and focused and heads straight there ha ha

  • alda May 10, 2010, 4:49 pm

    C’mon Kevin, they’re not THAT horrible. In fact I think all of these people showed enormous resilience under the circumstances. Apart from perhaps the angry tirade by Tryggvi (which I think is worthwhile for different reasons) I found most of the stories really inspiring.

  • kevin oconnor,waterford ireland May 10, 2010, 5:29 pm

    @Alda yes horrible in the financial sense and they have got Plan B inspiring etc etc just pleased its not me in that situation particularly the Norway bound guy (Personal history note I got burned at 13.5% with a house/mortgage in Perth Western Australia circa 1995-6)

  • Amy Clifton May 10, 2010, 6:59 pm

    Just wanted to share my experience with Landsbankinn. In 2004 I bought a flat for 8 million ISK. I got most from Íbuðalánasjóður, but had to take 2.5 million in a fasteignalán from Landsbankinn. When the þjónustafultrui asked me if I wanted a loan in foreign currency or krona, she explained to me clearly what the difference was. I asked her which was safer in the long term and she told me the truth. I am so relieved that I decided to take a loan in krona. My monthly payments have gone up with the indexing, but only by 5000 krona per month. I hope that woman still has her job and I thank her for her honesty.

    Also, in 2006 or 2007 a friend of mine tried to talk me into putting my savings into the Glitner account that ended up going bust. I felt that a 25% return was too good to be true, and was pretty impressed that I was getting 15% on my ordinary savings account at Landsbankinn while my friends in the US were getting barely 1% on theirs. Needless to say, my friend lost all of her money.

  • kevin oconnor,waterford ireland May 10, 2010, 7:49 pm

    @Amy Clifton lucky lucky escape beats having a 16 million Krona loan on a 8 million krona property ,I take it that its still worth the 2004 price ha ha. Count your blessings exactly. You can not do jingle mail in Ireland and I bet its like that up in Volcano land.

  • Michael Lewis May 10, 2010, 8:14 pm

    Oi! The angry tirade was my favorite bit 😉 seriously, the man talked a lot of sense.

  • Joerg May 10, 2010, 9:13 pm

    Is it common in Iceland that 75 year old people still work or have to work to make a living? I found the tirade of Tryggvi actually quite depressing. He appeared so totally desillusioned, there is no gleam of hope. His anger is spread in either direction. He is generally very negative about bankers, politicians and all those oligarchs, on which I could quite agree. But I was somehow irritated by his tagging of the current government as “communist government”, which according to him is the reason that people are afraid to speak their minds. Somehow, this appears like a fossilized view from cold war times.

  • Michael Lewis May 10, 2010, 10:00 pm

    ” I felt that a 25% return was too good to be true”

    True, take 100,000, and look at what 25% compound interest would do over say 25 years. That is too good to be true. You’d end up with over 26 million. Nothing in this world pays that kind of return without being on the extreme end of risky.

  • Marc May 10, 2010, 11:33 pm

    I didn’t buy it yet. But I will (I think, I’m on a ration). Never mind the comments about the price. Please do not count your effort in this as an hourly rate, because it doesn’t work that way in publishing.

    You have been and you still are a key point of reference in this crisis. You write about common people from a common viewpoint. Extraordinary. We are lucky to have you.

  • JH May 10, 2010, 11:55 pm

    Well, what can I say? You convinced me to by the book after all and I would like to say what I should have said in the first place: Congratulations for publishing your book!
    I shouldn’t have posted that last comment of mine, criticizing the price of the book in public and I am sorry that I did. That said I must also say that I was rather taken aback by the reactions from some people to these comments, which I felt were outright hostile.

    As far as the future of your blog is concerned, you should do what you feel is right for you. I am convinced you can never really get monetary compensation for the time you invest in a blog – so it is my strong belief that this only works out as long as you view it as a hobby that gives you some kind of reward other than money. If that feeling is gone and the blog starts to feel like work to you, it’s probably time to take a break or stop alltogether.
    While I don’t have a blog of my own, I played a major part in different free service to people on the Internet. At the beginning I was at it with great enthusiasm but after some time it really started to feel like work and I had the feeling it was eating my spare time (at the same time it still felt like “my baby” and made me proud). My involvement finally ended for different, unfortunate reasons, but I also cannot deny the feeling that a burden was lifted from me when it did. Looking back it is a great feeling having contributed to the community – but I could not have gone on doing this forever. From that experience I think I can at least party understand your current situation with regard to your blog.
    Whatever you decide, I hope it brings you happiness. In the meantime I would like to say thanks a lot for the years your blog provided great reading pleasure and insight into what’s going on in Iceland from a unique perspective!

  • alda May 11, 2010, 11:37 am

    Joerg – no actually, it is not very common for someone who is 75 to still be working. I don’t know what Tryggvi’s story is in that regard. Perhaps he just wants to keep active.

    JH – Thank you for your comment (and your purchase, of course). What you write shows great character and I certainly appreciate it. Respect.

  • andy May 11, 2010, 11:38 am

    Anything on the Kaup issue at the moment. Why has the prosecutor suddenly become active?

  • CJ Fanning May 11, 2010, 12:15 pm

    Am skint for now too, but will be back to buy your book when I can. Don’t mind the begrudgers, they are part of life is all. Monetising content is the issue of the day, so you are not alone in that. Good luck and well done on the innovationa and chitpah to publish an ebook.

  • Amy Clifton May 11, 2010, 6:13 pm

    Actually, the value of my 8 million krona flat went up to 14 million within 8 months of my purchase, but now it is worth about 12 million. So yes, I was very very lucky.

  • Digitaleye Hawaii May 11, 2010, 7:02 pm

    I learned more in the few hours it took me to read it about how Íslendingar have really been affected than my many months of reading Icelandic newspaper articles and blogs. Highly recommended reading whatever the price.

  • The Fred from the forums May 11, 2010, 9:16 pm

    Which raises a question. Why did all the foreign and Icelandic media who’ve been covering the kreppa for all this time fail to produce anything like what Alda has written?

    Was it that Icelanders don’t like to talk to strangers, or are human interest stories not part of Icelandic journalism, or is it the phenomenon of journalists spending all their time around government officials that afflicts other countries?

  • ElstreeIT May 11, 2010, 10:25 pm

    I have made a small donation to your Blog in the past as I found it such a good read – probably in a greater proportion to the amount I pay each journalist that I read in a UK daily paper, nothing to be proud of, but glad I did.
    I have bought and read your ebook, and I am delighted to have paid some one so passionate about her country and so good at writing in my language – without which I have no other “way in” to what is happening in Iceland.
    My only comment – if I had read this on your blog the thing that I would have enjoyed the most is your “take” on what was said by the people that you interviewed.
    This I suppose is the difference between national papers and blogs and the in-betweeness of ebooks.
    As a paper, and a blogger you can have opinions, which I will listen to and in my mind have agreements and disagreements with. As a new ebook writer I really felt that the ability to form your voice into a summary of what had happened was missing.

    So in short, love the blog, love the journalism – hope they both lead you to a position to write another e-book with the authority to speak your version of the truth through what you have assimilated through your hard work interviewing and reflecting on the situation – however I would not necessarily agree with what you said.

    I hope your writing earns enough to keep you, it really ought to.


  • idunn May 12, 2010, 5:21 pm

    Not sure what is involved, but what appears a good read in ‘Living Inside the Meltdown’ might receive an even broader audience if formatted for Amazon’s Kindle and Apple’s new iPad.

    Perhaps the greater work involved would be convincing them to accept this book for their lists. However an important part of book publishing, whether on paper or not, is marketing. If they took any interest your work might receive far greater exposure and distribution.