A bit from John Williams' alert today... stay the course, fellas, this is just the beginning...

Hyperinflation Outlook Remains. In saving the system, the cost to the American public from this effort — aside from rapidly expanding federal debt — is inflation. My outlook for double-digit inflation, as reported by the government, remains in place for early 2009. The broad timeframe of 2010 to 2018 suggested for the hyperinflation discussed in the April 8th Special Report, certainly has not been pushed back in time by current events, but the final shape of the systemic bailout still is fluid. The more the government spends, the sooner the hyperinflation is likely to hit.

Key to the timing of the hyperinflation remains the U.S. dollar and the ongoing willingness of foreign institutions to hold it and dollar-denominated assets. At such time as massive dollar selling kicks in and dumping of dollar-denominated assets starts to overwhelm the Fed, the hyperinflation timing would begin to firm and move closer in time.

-Hysteria