From Mark Grant
We're Not In Wonderland Anymore, Alice!
"You may call it ‘nonsense’ if you like," she said, "but I've heard nonsense, compared with which that would be as sensible as a dictionary!"
-The Red Queen
Greece Through the Looking Glass
With all of the talk of Greece leaving the Eurozone and forfeiting the Euro as its currency; what if it does not? That, my friends, is now the question. The current estimation of Greece’s GDP is $308.3 billion. All of the debt of Greece, direct, derivatives and guaranteed is $1.3 trillion giving the country an actual debt to GDP ratio of 421.67%. You may recall all of the talk, all of the pandering words spit out by the IMF and the European Union that the new austerity measures would take the Greek debt to 120%; all nonsensical and a nonfactual expression of a very fantastic and fairy tale imagination. If someone has actually stepped through the looking glass I suspect it is Christine Lagarde. Perhaps she is Alice’s granddaughter? In my estimation she must have eaten some of the cake because her reputation has dwindled as she and Greece fell down the rabbit’s hole.
“There comes a pause, for human strength will not endure to dance without cessation; and everyone must reach the point at length of absolute prostration.”
-Lewis Carroll
Since those false exclamations the economy of Greece has
http://www.zerohedge.com/news/were-not-wonderland-anymore-alice-and-true-greek-debtgdp-ratio-4217?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 