http://www.globalresearch.ca/index.php?context=va&aid=8033

Great. That's reassuring. And there's more, too. FDIC Chairman Shiela
Bair warned that "as of Sept. 30, there were 65 institutions with
assets of $18.5 billion on its list of "problem" institutions;"
although she wouldn't give names.

So, what does it all mean?

It means there's going to be an unprecedented wave of bank closures in
the US and that people who want to hold on to their life savings are
going have to be extra vigilant as the situation continues to
deteriorate. And it is deteriorating very quickly.

So, what does it all mean?

The Great Depression 2008

knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets go.

So really, doesn't it all cook down to which side of the unemployment line
you are in.

--
Have no fear of perfection - you'll never reach it.
----------
Paul A. Thomas, CPA

paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and
profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets
go.

So really, doesn't it all cook down to which side of the unemployment
line
you are in.



Depends on what side of the collapse you are on.

knews4u2c...@yahoo.com> wrote



paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and
profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets
go.

So really, doesn't it all cook down to which side of the unemployment
line
you are in.

Depends on what side of the collapse you are on.

Damn. I love it when you prove I'm right.

On Feb 12, 5:05 am, "Paul Thomas, CPA" <paulthomascp...@bellsouth.net
wrote:



knews4u2c...@yahoo.com> wrote

paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and
profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets
go.

So really, doesn't it all cook down to which side of the unemployment
line
you are in.

Depends on what side of the collapse you are on.

Damn. I love it when you prove I'm right.

Is that what your disingenuous snipping proves?http://64.233.187

On Feb 12, 5:05 am, "Paul Thomas, CPA" <paulthomascp...@bellsouth.net
wrote:
knews4u2c...@yahoo.com> wrote



paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and
profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer
lets
go.

So really, doesn't it all cook down to which side of the unemployment
line
you are in.

Depends on what side of the collapse you are on.

Damn. I love it when you prove I'm right.


Is that what your

On Mon, 11 Feb 2008 13:52:06 -0500, "Paul Thomas, CPA"
paulthomascpapc@bellsouth.net> wrote:


knews4u2chew@yahoo.com> wrote
The Great Depression 2008



A "recession" is when, as a business owner, you see that sales and profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets go.

So really, doesn't it all cook down to which side of the unemployment line
you are in.


Actually..a depression could be classified as one in which the
employer gets let go.

pyotr filipivich wrote:
[Default] I missed the Staff Meeting but the Minutes record that
Gunner Asch <gun...@NOSPAM.earthlink.net> reported Elvis on Fri, 08
Feb 2008 12:47:18 +0530 in misc.survivalism :
On Mon, 11 Feb 2008 13:52:06 -0500, "Paul Thomas, CPA"
paulthomascp...@bellsouth.net> wrote:

knews4u2c...@yahoo.com> wrote
The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets go.

So really, doesn't it all cook down to which side of the unemployment line
you are in.

Actually..a depression could be classified as one in which the
employer gets let go.

Recession: when your neighbor gets let go.
Depression: when you are let go.
Panic: when your spouse is fired.

But when the employer gets let go, not only is he out of a job,
but he's not hiring. Ever again. And liberals nanny-staters can't
collect payroll taxes on non-existent payrolls, nor can they tax
business inventories which aren't there. We'll leave off the problem
of collecting sales tax on sales not made. I'm sure they'll try and
find a way to do that, though.

They have. They just print more phony money.



pyotr

[Default] I missed the Staff Meeting but the Minutes record that
Gunner Asch <gunner@NOSPAM.earthlink.net> reported Elvis on Fri, 08
Feb 2008 12:47:18 +0530 in misc.survivalism :
On Mon, 11 Feb 2008 13:52:06 -0500, "Paul Thomas, CPA"
paulthomascpapc@bellsouth.net> wrote:

knews4u2chew@yahoo.com> wrote
The Great Depression 2008


A "recession" is when, as a business owner, you see that sales and profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer lets go.

So really, doesn't it all cook down to which side of the unemployment line
you are in.

Actually..a depression could be classified as one in which the
employer gets let go.

Recession: when your neighbor gets let go.
Depression: when you are let go.
Panic: when your spouse is fired.

But when the employer gets let go, not only is he out of a job,
but he's not hiring. Ever again. And liberals nanny-staters can't
collect payroll taxes on non-existent payrolls, nor can they tax
business inventories which aren't there. We'll leave off the problem
of collecting sales tax on sales not made. I'm sure they'll try and
find a way to do that, though.

pyotr

On Feb 14, 10:32 am, Strabo <str...@flashlight.net> wrote:
pyotr filipivich wrote:
[Default] I missed the Staff Meeting but the Minutes record that
Gunner Asch <gun...@NOSPAM.earthlink.net> reported Elvis on Fri, 08
Feb 2008 12:47:18 +0530 in misc.survivalism :
On Mon, 11 Feb 2008 13:52:06 -0500, "Paul Thomas, CPA"
paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote
The Great Depression 2008
A "recession" is when, as a business owner, you see that sales and profits
are falling, and you have to let some workers go.
A "depression", for the worker, is being one of those the employer lets go.
So really, doesn't it all cook down to which side of the unemployment line
you are in.
Actually..a depression could be classified as one in which the
employer gets let go.
Recession: when your neighbor gets let go.
Depression: when you are let go.
Panic: when your spouse is fired.
But when the employer gets let go, not only is he out of a job,
but he's not hiring. Ever again. And liberals nanny-staters can't
collect payroll taxes on non-existent payrolls, nor can they tax
business inventories which aren't there. We'll leave off the problem
of collecting sales tax on sales not made. I'm sure they'll try and
find a way to do that, though.
They have. They just print more phony money.



pyotr


http://biz.yahoo.com/ap/080214/congress_recession_threat.html?.v=28

AP
Bernanke Says Economic Outlook Is Worse
Thursday February 14, 1:10 pm ET
By Jeannine Aversa, AP Economics Writer
Fed Chairman Bernanke Says Nation's Business Prospects Have
Deteriorated

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress
Thursday the economy is deteriorating and signaled a readiness to keep
on lowering a key interest rate to shore things up.

snip

knews4u2c...@yahoo.com> wrote



On Feb 12, 5:05 am, "Paul Thomas, CPA" <paulthomascp...@bellsouth.net
wrote:
knews4u2c...@yahoo.com> wrote

paulthomascp...@bellsouth.net> wrote:
knews4u2c...@yahoo.com> wrote

The Great Depression 2008

A "recession" is when, as a business owner, you see that sales and
profits
are falling, and you have to let some workers go.

A "depression", for the worker, is being one of those the employer
lets
go.

So really, doesn't it all cook down to which side of the unemployment
line
you are in.

Depends on what side of the collapse you are on.

Damn. I love it when you prove I'm right.

Is that what your

It seems it does matter what side of the unemployment line you're on.

Care to prove me right again.

Nope.

I warned about alll this 4 years ago.