[ExI] Doomsday Oil Price: (was RIP: Peak Oil)

[BillK]

On Wed, Mar 7, 2012 at 6:58 PM, Kelly Anderson  wrote:
> "Eurozone finance ministers agreed to a new $172 billion bailout
> package (WSJ) for Greece early this morning, along with a 53 percent
> write-down of Greek debt by the country's private sector creditors."
>

Just to be clear. This is political spin.

Greece won't see a penny of this 'bailout'.
This is another bailout of the French and German banks. These banks
are bust, just as Greece is bust. Greece cannot make the payments due
to the bankers, so the Eurozone will lend even more money to Greece so
that Greece can immediately pay it on to the bankers. It is a farce.
Refusing to accept that it all has to be written off, bankrupt banks
closed down and everything restarted with a clean sheet,.
Like Iceland has done.

Now I hear that Greece is considering selling Corfu to raise money! I
bet a few billionaire bankers will have their snouts in that trough.


BillK