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Date: October 28, 2008
Subject: When the Credit Collapse Started...

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

It's enlightening to go back and see what various analysts had to say when the sub prime mess first started unraveling.

Here's a clip from more than a full year ago.

It features a popular TV stock picker flipping out on live TV as he describes
the mayhem going on behind the scenes on Wall Street.

His solution - because he's from the investment banking world - was a bailout
for his friends at the big banks.

And that's what this is all about.

As Jim Rogers pointed out in yesterday's video, the US financial system has already
been trashed. That horse is out of the barn.

There's no "fixing" it.

Either nature will be allowed to take its course (painful as that may be)

Or

The US Treasury will dump trillions of dollars into the economy to ease the transition
for Wall Street billionaires at taxpayer expense - and at the expense of the long
term prospects of the US economy.

Anyway, here's a former investment banker and current stock market cheerleader
wailing and gnashing his teeth on behalf of his Wall Street buddies a year ago when
it became clear that the jig was up:

http://www.brasschecktv.com/page/132.html

Also,

If you watch the financial news, occasionally you'll hear Jim Rogers explain why Fed bailouts of investment banks and others is a terrible
idea for the country.

It's amazing to hear his comments from March and July of this year.

He really nailed it.

Is anyone listening?

Maybe Bush & Co. actually want to destroy the US dollar and tank the world economy.

If so, they're doing a great job.

http://www.brasschecktv.com/page/433.html

- Brasscheck

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. Nothing herein should be considered personalized investment advice. 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. Also, please note that due to our commercial relationship with Publc Gold, G&G Associates may receive compensation from a membership purchased at www.publicgold.com/gngpreciousmetals.


 

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