This latest recession is America's doing. It 'got drunk' as someone said and the chill is being felt everywhere else with the UK taking a battering but of course Gordy Brown can't wag his finger at his good pals across the Atlantic. Too big and too powerful so he has to make sympathetic cooing noises and help his pals dig themselves out of a multi-billion pound hole of their own making.
The British solution to American's playing up used to be sending over a British force to burn down the White House but as that option is off the table, what we could do with is a small, weak nation to kick about instead. Hello Iceland.
The tiny island's banking sector has collapsed and taken with it a billion of local councils cash as well as billions more from small investors which Iceland is saying it hasn't got the funds to pay back even a percentage of our loses.
Step forward fearless Gordon to puff out his chest and show that nation of ice bound fisherman that they can't cost us Brits money and not feel our wrath. America can, and have, but we are bigger than Iceland so it's sleeves up and someone fetch Gordon his best arse kicking shoes.
The Icelandic banks froze our accounts and the British government retaliated by using anti-terror laws to seize Icelandic assets, adding Iceland to the axis of evil on our changable terrorist countries list.
Mr Brown says Iceland has acted 'illegally' his Icelandic counterpart Geir Haarde accuses Britain of 'an unfriendly act' and an awkward stalemate has been reached. They have our dough and we have them by their assets. Treasury officials have travelled to Iceland for crisis talks before we send Her Majesty's Royal Navy steaming northwards intent on crushing plucky little Iceland and its 301,931 inhabitants.
Unbelievable we would do such a thing? We did it in the 1970s over fish and NATO had to step in to negotiate the end of the 'Cod Wars' so we have precedence of not taking any nonsense from tiny countries we could safely slap around a bit.
Iceland, and anyone else smaller and weaker than us, you have been warned. Don't mess with us.