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Date: October 8, 2008
Subject: Shocking Poll Released...A Depression is Coming!


This is
G&G Associates
Tax & Financial Consulting Services
e-Newsletter

Shocking Poll Released...A Depression is Coming!


This crisis is getting dangerously personal…

It's no longer about distant events in Washington or Wall Street.

It's no longer just about failing subprime lenders, banks, S&Ls, investment banks, insurance companies, the stock market or even a recession.

According to a CNN poll released yesterday, fully 60% of the American people are now worried that a full-fledged depression is more than just "possible" -- it's likely!

We know what happened in the last depression: The life savings of millions wiped out in the blink of an eye ... most of the nation's banks a smoking ruin ... thousands of companies bankrupt ... 25% unemployment rates... millions of formerly middle-class families suddenly bankrupt, struggling day to day just to survive.

Americans have every right to be worried. Just yesterday, Bank of America -- one of this country's "strongest" banks -- revealed that its earnings plunged 68% in the third quarter.

Why? Because toxic loans in its portfolio are imploding. Because the bank is having to pay more than $8 billion to modify 400,000 troubled mortgages it bought in its acquisition of Countrywide. And because its customers defaulted on a staggering $1.24 billion in credit card debt in July, August and September alone!

The Fed's announcement this yesterday that it will backstop the private short-term credit markets won't even begin to solve the problem. Mr. Bernanke and his colleagues still suffer from the grand illusion that they can save the entire world. But nearly all experts outside of government agree that they're obviously and
patently wrong.

The only solution is for investors (hopefully) like you to make reasoned, prudent decisions to get your money “OUT” of harm's way. That's why if you haven’t already, listen to last week’s call “Who’s Going to Bail You Out.”

You can listen to the playback of the call by dialing:

Playback Number: (641) 715-3487
Access Code: 974124#

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Also, If you are not yet a member of the GGIS paid newsletter service...Become an exclusive member of the G&G Investment Society subscription for USD ($99). I’ll keep you informed on the “REAL DEAL” in our economy so you can protect your wealth. So....Sign up today!!!

To become a member of the G&G Investment Society newsletter subscription, click on the following link: http://www.gngassoc.com/website/GGIS_info.html

DON'T WAIT ANOTHER DAY!

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G&G Associates has everything you need to help you avert any foreseeable disaster. We will be here to guide you through thick and thin. And when it's all over, hopefully you’ll be smiling as you now know that knowledge is the key to success and knowing the truth will surely set you free.

Thanks
Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
877-817-6031 toll-free
866-361-3872 toll free fax
www.gngassociates.net

"A Prudent man foresees the difficulties ahead and prepares for them; the simpleton goes on blindly and suffers the consequences."

Proverbs 22:3 -- Living Proverbs



LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. G&G Associates gets paid a commission from a membership purchase at www.publicgold.com/gngpreciousmetals.


 

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