Tuesday, January 20, 2009

Bananaless Republic?

"According to a report just released by the Congressional Budget Office (CBO), 'the federal budget deficit this year will total $1.2 trillion, or 8.3 percent of GDP.' This seems about right for a banana republic. The bad news is that neither commerical banana cultivation or a republican form of government has proved viable in this country. ... As for the republican form of government, the American people have progressively repudiated it almost from the time they won their independence from the British Empire, and during the past century, thay have increasingly favored a form of electorial dictatorship cum empire in which, every four years, the people cast ballots for one of the candidates put forward by the two wings of the one-party political apparatus. This system, vigorously promoted by the imperial running dogs known as the mainstream news media, brings great delight to the masses, who love a good horse race, even if it has been fixed. They are also kept contentedly semi-comatose by the bread and circuses their masters provide in the form of the welfare-nanny-theraputic state and its Hollywood adjuncts. ... With little fanfare, the CBO report ventures to mention that 'foreign lenders, who have recently been willing to lend the the U.S. government on very advantageous terms, may become less willing to do so in the future, which would tend to raise interest rates in this country.' ... Meanwhile, my advice is: eat bananas while they are still avaliable from producers who will accept U.S. dollars in exchange for them", Robert Higgs, 9 January 2009 at http://www.independent.org/blog/?p=884.

I agree with Higgs. If you like bananas, eat your fill, now!

2 comments:

Edgar Alpo said...

The funny thing is that they could get away with it for years more.

Anonymous said...

Well... bread and circuses gonna get real expensive to provide...

Then what?

Gotta have bananas... potassium...