[Dedicated to the People of Iceland and to the memory of Ingólfur Júlíusson]
All that I had In which I took delight Out of sight All that of which I dreamt All that I was longing for Now lost somewhere in time Hidden in a heathen rhyme
Dreams that hold a nation
Time comes to turn Misfortunes back around Gaining ground Time will return for dreams Time for what we're longing for By law we built this land Would that it forever stand
Dreams that hold a nation
Allt, sem þjóðin átti og naut Allt, sem hana dreymur Allt, sem hún þráði og aldrei hlaut Alþýðustakan geymir [English translation:] All that the nation had and enjoyed All that it dreams of All that it longed for and never had Is kept in folklore