It seems ironic that the announced mega-bailout of corpporatist boondoggles Fannie Mae and Freddie Mac – of the government-connected rich at the expense of the rest of us – has caused stock markets all be over the world to tank. But since the whole financial system of Fed inflation and fractional-reserve banking is fundamentally unstable – indeed, based on fraud and State counterfeiting – once it starts to go down there is probably no stopping it. The business cycle unleashed by Printing Press Alan Greenspan after 911 must run its course. Maybe Herbert Hoover Bush, Printing Press Ben Bernanke, and the pygmies in Congress can temporarily “restore confidence” (as conmen can fool the marks again) or maybe this is the big enchilada. In any event, don’t trust the banks, believe the opposite of what officials tell you, stop as much spending as you can, increase your savings, and buy some gold. Oh, and get used to your house, because there will probably no selling it and moving. Instead, educate yourself about what the Fed has done to us and get angry at the criminal establishment. Stop the Rip-Off!

The Best of Llewellyn H. Rockwell, Jr.