I'm Edwin Lane and this is Iceland what happened next.

This is Iceland.

So this is from Pradiso and Bonus Poetry.

Homoconsomers.

Man's primal instinct was not the hunting instinct.

In ancient times before man had spears and weapons, he roamed their prairies and he was gathering.

He was gathering roots and he was gathering fruits and eggs and nuts and

self-dead animals. I, the modern man, the screen junkie, I can feel how the primal man breaks forth as I race with a cart and I gather and gather and gather. Welcome to Iceland. Iceland. That's a poem

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Welcome to Iceland.

That's a poem written and read by the

Icelandic writer Andry Snaire Magnison, a comment on the rise of

consumerism on this remote island nation on the edge of the Arctic Circle.

Behind me you can hear the sound of Reykjavik Harbor in winter, the fishing boats clunking against each other as a chill wind blows in from the North Atlantic.

Iceland is famous for its volcanoes and glaces.

Its Viking heritage, its fishing industry.

But 10 years ago, Iceland hit the headlines around the world

because of this.

The problems are huge. Iceland's banks have assets nine times the country's GDP.

And yesterday the national currency collapsed on foreign exchange markets.

We will not be closing banks, but it's conceivable that some of them will not be able to function.

Trading was suspended last week when the country's banks collapsed. The debts amount to 50 billion pounds, that's five times as much as the total annual income of the country.

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