Hyper-Inflation: Think the economy is bad now? Just wait

The post on Obama and inflation in Zimbawe has received 257 hits so far.  Well, here are a couple experts who agree with me.

Peter Schiff calls the US economy a “ponzi” economy.  He warns that stimulus package suggested by Congress will lead to a “unmitigated disaster”.  He warns of hyper inflation (not just double digit inflation) similar to Latin American countries or to the Weimar Republic.  He compares the interventionist government with Hoover and Roosevelt which is leading us into a new depression.
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New Series: Why American-style liberalism would be bad for Africa-Preamble

Preamble

It may have occurred to the few readers of this blog that I am a conservative.  I don’t know how this strikes them.  Perhaps some may question the appropriateness of a partisan line of thinking in a blog which is supposed to be a conversation about any subject relating to French-speaking Africa.  Perhaps some of you think that it is not relevant at all to speak of US politics. Continue reading

Antartic Meltdown will Drown American Capital!

In rhetoric or logical argumentation, a slippery slope fallacy is according to Ian B. Johnson:

The Slippery Slope also might well be called the “Appeal to Fear.” It shows a proposition to be unacceptable by first stating that acceptance of the proposition will lead to an unacceptable result, then stating that the unacceptable result will in turn lead to an even more unacceptable result. The chain may continue through several steps and will lead to an end result that is very clearly unacceptable. The real problem with the slippery slope is that none of the steps in the chain need to be proven for the argument to persuade most partisans who are looking for a reason to be persuaded; instead, each step merely needs to sound reasonable in isolation.

Now consider this headline from LiveScience.com:  Antartic Meltdown would Flood Washington, D. C. Well not before all the penguins and polar bears die of heat exhaustion, and all the people on the planet are going to be fried by that time not to mention the dolphins which will be boiled to death:  “if you had hot water poured on you, you would flee, wouldn’t you?”

This blog suggests there’s nothing to worry about, but I don’t have the time to work out the math.

Bill Gates and Malaria

AFP reports regarding philanthropist Bill Gates:

LONG BEACH, California (AFP) – Microsoft founder turned disease-battling philanthropist Bill Gates loosed mosquitoes at an elite Technology, Entertainment, Design (TED) Conference to make a point about the deadly sting of malaria. “Malaria is spread by mosquitoes,” Gates said while opening a jar onstage at a gathering known to attract technology kings, politicians, and Hollywood stars. “I brought some. Here I’ll let them roam around. There is no reason only poor people should be infected.” Gates waited a minute or so before assuring the audience the liberated insects were malaria-free.

The Bill and Melinda Gates Foundation has funded vaccine research for malaria.  They will soon be in Phase Three testing.  This is good news for Africa.  Let’s hope that they will find a way of stopping this dreaded disease forever.

Obama's inexperience

Obama has never run a private business. He’s never been an executive before (unlike Sarah Palin who has experience as both a mayor and a governor).  He’s never had to make tough decisions; apparently he often voted as a Illinois state senator not “aye” or “nay” but “present”.  But somehow he let the over eager liberal media talk him into running for president, and now he’s got the job.  In 2004, when he had just become junior senator from Illinois, he was asked if he would run for President of the United States in the 2008 election.  This was his answer:

By his own admission he wasn’t ready for the job.  Those of us who voted for McCain agreed with him.  Simply put, he is the least experienced president in my lifetime, perhaps in the history of the country.  That inexperience is starting to show after only two weeks.
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