Hyperinflation Hyperbole

America will turn into a "third world country."

No it won't. If you've been to a third world country, you'd see flat out how absurd that statement is.

Right now, the big fear among the likes of Schiff and Celente is hyperinflation. It can happen but I'm not so sure. Right now, bond markets don't point towards a doomsday scenario. Hyperinflation is really difficult to attain. Schiff has been anaylzed but what about Celente?

I kinda like this explanation about hyperinflation 

In short, America is not and will not, as I said off the top, become a third world banana republic.

I bring this up because I heard Obama talk about (yes I know I'm digressing a little) needing to create jobs in the private sector. The way I see it, the best way to achieve that objective is for government to not get involved. I'm experiencing it with my own two eyes how the state can, if not not create, at least stall or defer job creation. Private is private. Not public-private. Know what I'm saying?

Moving along. Just get off my back already.

I know a lot of people draw analogies like "democracies only last a couple of years and then it's poof," but that's not sufficient reason to apply in this situation to claim America is in permanent decline. Democracies, the one we're familiar with anyway, hasn't been around long enough. In other words, the sample size is too small. If anything, democracy will likely expand and grow moving forward. I don't know where America is heading.

So historical analogies are tricky. Unless you can come up with neat analogies such as this by Hobbes:

But after this doctrine, that the Church now militant is the kingdom of God spoken of in the Old and New Testament, was received in the world, the ambition and canvassing for the offices that belong thereunto, and especially for that great office of being Christ's lieutenant, and the pomp of them that obtained therein the principal public charges, became by degrees so evident that they lost the inward reverence due to the pastoral function: insomuch as the wisest men of them that had any power in the civil state needed nothing but the authority of their princes to deny them any further obedience. For, from the time that the Bishop of Rome had gotten to be acknowledged for bishop universal, by pretence of succession to St. Peter, their whole hierarchy, or kingdom of darkness, may be compared not unfitly to the kingdom of fairies; that is, to the old wives' fables in England concerning ghosts and spirits, and the feats they play in the night. And if a man consider the original of this great ecclesiastical dominion, he will easily perceive that the papacy is no other than the ghost of the deceased Roman Empire, sitting crowned upon the grave thereof: for so did the papacy start up on a sudden out of the ruins of that heathen power.



The language also which they use, both in the churches and in their public acts, being Latin, which is not commonly used by any nation now in the world, what is it but the ghost of the old Roman language?


The fairies in what nation soever they converse have but one universal king, which some poets of ours call King Oberon; but the Scripture calls Beelzebub, prince of demons. The ecclesiastics likewise, in whose dominions soever they be found, acknowledge but one universal king, the Pope.


The ecclesiastics are spiritual men and ghostly fathers. The fairies are spirits and ghosts. Fairies and ghosts inhabit darkness, solitudes, and graves. The ecclesiastics walk in obscurity of doctrine, in monasteries, churches, and churchyards.

The ecclesiastics have their cathedral churches, which, in what town soever they be erected, by virtue of holy water, and certain charms called exorcisms, have the power to make those towns, cities, that is to say, seats of empire. The fairies also have their enchanted castles, and certain gigantic ghosts, that domineer over the regions round about them.


The fairies are not to be seized on, and brought to answer for the hurt they do. So also the ecclesiastics vanish away from the tribunals of civil justice.


The ecclesiastics take from young men the use of reason, by certain charms compounded of metaphysics, and miracles, and traditions, and abused Scripture, whereby they are good for nothing else but to execute what they command them. The fairies likewise are said to take young children out of their cradles, and to change them into natural fools, which common people do therefore call elves, and are apt to mischief.


In what shop or operatory the fairies make their enchantment, the old wives have not determined. But the operatories of the clergy are well enough known to be the universities, that received their discipline from authority pontifical.

When the fairies are displeased with anybody, they are said to send their elves to pinch them. The ecclesiastics, when they are displeased with any civil state, make also their elves, that is, superstitious, enchanted subjects, to pinch their princes, by preaching sedition; or one prince, enchanted with promises, to pinch another.


The fairies marry not; but there be amongst them incubi that have copulation with flesh and blood. The priests also marry not.


The ecclesiastics take the cream of the land, by donations of ignorant men that stand in awe of them, and by tithes: so also it is in the fable of fairies, that they enter into the dairies, and feast upon the cream, which they skim from the milk.

What kind of money is current in the kingdom of fairies is not recorded in the story. But the ecclesiastics in their receipts accept of the same money that we do; though when they are to make any payment, it is in canonizations, indulgences, and masses.


To this and such like resemblances between the papacy and the kingdom of fairies may be added this, that as the fairies have no existence but in the fancies of ignorant people, rising from the traditions of old wives or old poets: so the spiritual power of the Pope (without the bounds of his own civil dominion) consisteth only in the fear that seduced people stand in of their excommunications, upon hearing of false miracles, false traditions, and false interpretations of the Scripture.


Tommy cracks me up.