Total amount claimed by The Netherlands and UK amounts to 3.8 euro billion. Since Iceland only has 320,000 inhabitants, this results in a staggering 12,000 euro per inhabitant. Apart from the fact that the legal basis is very weak, the claims have no moral or ethical foundation and will lead to the robbing and prolonged suffering of ordinary citizens such as elderly, hard working laborers, children and disabled, all of them not being involved in the failings of Landsbanki/Icesave whatsoever.

Instead the governments of The Netherlands and UK should focus on finding and bringing to justice all involved greedy bankers, officials and regulators.

The bottom line is developing nations should be able to use their own resources to their own benefit, just as wealthy Westerners have been able to do throughout history. Developing countries need to be permitted to trade the products they have freely with consumers who want them and not have meddlesome bureaucrats gathered in northern Europe get in the way.

And so I encourage both sides in this exciting contest to "keep it cool," and "play within yourself." Whether you are a "shirt" or a "skin," let's all respect the game. Are you a member of the Revolutionary Guards who just laid out a student demonstrator with a vicious, bone-jarring hit? Instead of taunting him, offer your hand to help him back to his feet. This will be a polite sign of mutual competitive respect before your next vicious, bone-jarring hit. Are you the student demonstrator? After collecting your teeth, congratulate the Guard on his his awesome hit. This will let the Guard know that you are a good sport, and committed to continue your dialogue without preconditions. At the end of the day, we need to leave our differences on the court and start focusing on the dangerous enemy who threatens all of us: Dick Cheney.

One need not agree with Mr. Toben’s opinions in order to see how tyrannical the European Union is becoming. That the EU issued an arrest warrant for a man expressing his opinion in Australia is outrageous. Apparently the EU is taking its legal principles from George Bush and thinks it has world-wide jurisdiction.

By shaking hands and partying with the Vietnamese communist dictators, Bush was implicitly conceding that the issue of regime change in Vietnam properly lies with the Vietnamese people, not with the U.S. government. By his actions, he was saying that the U.S. government would have no more right to invade Vietnam and liberate the Vietnamese people than the Vietnamese government would have to invade the United States to liberate the American people.