The Japanese are thinking of selling off some U.S. debt, but may not, knowing that it would devalue the debt that they already have. The Chinese have warned that we not spend so much and they're the major consumer of U. S. debt, which was, until these ginormous spending bills, considered to be one of the safest places in the world to invest money. Because they know that likely way out of this box is the Latin American option, which is inflating the currency to pay back debt with devalued dollars.

A very useful tool is Tom's Inflation Calculator. Using it you find that if you bought a house in 1975 with a 30-year mortgage, the last dollar that you paid, in 2005, was worth 26¢ of the dollar that you borrowed in 1975. And with the exception of the Carter years, economically there were some good years here. What if the Fed deliberately inflates the currency to a 15% inflation rate? Any debt with a 30-year maturity at an inflation rate would be paid back with a dollar worth 1.31¢ of a dollar today. At a 10% inflation rate it's 5¢. This would surely make paying back enormous public debt easier, but it would make it damned near impossible to sell any more public debt and would destroy the faith and credibility of the United States, at a time when the world needs her most, now that Europe is sinking into a quagmire of a declining, aging population demanding its nanny-state protections and without the confidence to protect its culture or even police things in its own backyard.

One defense against inflation is of course having debt, but you have to have something useful to do with the money, something which would earn the income to service the debt. This requires you to be in business, and is risky, as is all business. That's really putting all your eggs in one basket.

You could put money into commodities, but then you have to make a good choice as to what commodities will hold their value, adjusted for inflation. I was pleased that my judgment call of energy has been validated by some of the most successful fund managers. Pure luck though; I just guessed.But again, you have to be have an involvement in your money which a lot of people just don't want to have. So many people work their lives and put away money, in their homes, in retirement packages, in banks. Their idea is not getting rich but they'd like to be comfortable, and leave something to the kids. They're the ones who will be hit the hardest by hyperinflation. They're the ones who will become the most dependent on government to meet their needs. The senior citizens are also the most determined voting block in America and the destruction of their wealth will insure their adherence to the Democrat Party, which will promise them the moon.

Very little of this so-called stimulus bill money will be put into the economy in 2010, which means of course that is not a stimulus bill. It is an exercise in building the Democrat Party, using other people's money. And to pay for this party-building exercise it is entirely likely that other people's money will be destroyed, making other people even more dependent on the government.

And why shouldn't the Democrat Party use OPM to build its own party? In banana republics the government charges the estates of the people it shoots for the costs of the bullets. This is only Daniel Ortega writ large.

The Democrat Party hates nothing so much as independent and responsible people. Imagine the horror, if you're a control-freak statist, of a large swathe of the American public with enough private means to give you the finger. Imagine the horror, if you're a control-freak statist, of Americans who say, "I'll take responsibility for myself." Imagine the pleasure, if you're a control-freak statist, and I'm looking at you, Barack and Nancy and Harry, you freedom-hating monsters, of having 300 billion people utterly dependent on your whim, waiting to be told what to do by you. Incapable of making their own decisions, about their incomes, their children, their lifestyles, and even their own health because you've destroyed their property, taken away their liberties, and replaced them with a sickening goo of meaningless feel-good words and empty promises meant to deceive. "Change we can believe in." Put your hand on the television, beloved, and believe. Believe.

If America sinks into economic torpor and our children live less well than we do, so what? So long as they obey.

What a warm flush must suppurate throughout their faces when they think of all that power.

Democrat sex.