(np) Quote of the Day

[alice malice]

The US should support a Grexit. The others must beware of Greeks
bearing debts. China is drowning in debt as it is, and its lending is
the major cause of deflationary pressure in the world, as its banks
have now 70% more loans than US banks and, of course, nearly half of
China's lending is still done in the shadow banking system. China's
lending mania has built an excess capacity that is weighing on
producer prices, wages, and inflation. More Chinese lending is not
going to help the situation. Russia? Krushchev must be spinning in the
grave he said he would bury the US in as Putin drown in American oil.
Yeah, let the Russians save Greece, sounds like a good 10 year plan.
The US is growing and its rates and credit rising with the dollar. The
politics of it are tricky, but the finance is easy. The US wins the
Grexit prize.

On Wed, Feb 11, 2015 at 5:21 AM, Kai Frederik Lorentzen
<lorentzen at hotmail.de> wrote:
>
>> "What we want is a deal. But if there is no deal - hopefully (there will
>> be) - and if we see that Germany remains rigid and wants to blow apart
>> Europe, then we have the obligation to go to Plan B. Plan B is to get
>> funding from another source," he told a Greek television show that ran into
>> early Tuesday. "It could [be] the United States at best, it could be Russia,
>> it could be China or other countries," he said. <
>
> Emphasis added.
>
> http://uk.reuters.com/article/2015/02/10/uk-eurozone-greece-kammenos-idUKKBN0LE0JW20150210
>
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Pynchon-l / http://www.waste.org/mail/?list=pynchon-l