The chickens are coming home to roost

There are a few sayings that have been around awhile, and the longer they're around, the more important they become. You know, like "you reap what you sow." Or, "there will be a reckoning." And don't forget: "you made your bed, now lie in it." Lastly, though, my all time favorite is the following, which means the same as the others above: "the chickens are coming home to roost."

Where am I going with these antiquated sayings? Federal Reserve policy, of course. When the Fed and other central banks around the world simply print money out of thin air, eventually the chickens come home to roost. This means you can't repeal the fundamental laws of economics and not expect bad things to happen. What is happening? A worldwide credit implosion. See the headlines the other day about the giant Swiss bank UBS? They're writing down another $10 billion in losses! That's on top of the billions they've already lost. And check this article out. The Arab world, the one the U.S. government is making out to be the most evil people on the planet, is now buying stakes in major banks around the world, including U.S. banks. Makes you feel safe, doesn't it?

This article is also quite alarming. The Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Loan Mortgage Association, nicknamed Freddie Mac, are hurting big time. The bottom line is that U.S. government monetary policy, which also caused the stock market crashes in 1929 and 2000, is at it again and the chickens are coming home to roost.

Time to purchase the two most important books of your life: The Case Against the Fed and What Has Government Done to Our Money? Both books are by Murray Rothbard and they're available at mises.org. Then you'll know what's going on and you'll see through the liars at the Fed.