Global Insights Audio-Slides-08-17-11
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THE CERTAINTY OF THE PRINTING PRESS Now that this huge ballooning monetary expansion caused by leverage has become unwieldy and unmanageable with indefinable liability, public serpents HAVE BEEN and CONTINUE TO transfer the liability to the public through direct and indirect guarantees…The debt MATURITY wall looms. Unimaginable amounts of borrowing in the public and private sectors must roll in the next 3 years…
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Global Insights Audio-Slides-08-17-11
- 1. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 2. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Money and Credit Growing on Trees …with many counterparties that are NOT solvent. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 3. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Now that this huge ballooning monetary expansion caused by leverage has become unwieldy and unmanageable with indefinable liability, public serpents HAVE BEEN and CONTINUE TO transfer the liability to the public through direct and indirect guarantees… But the profits have remained in private hands (the banksters) and crony capitalists such as AIG , General Motors, Fannie Mae, Freddie Mac and too-big-to-fail banks, just to name a few. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 4. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS “The best way to destroy the capitalist system is to debauch the currency. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.” - John Maynard Keynes, 1920 Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
- 5. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS The debt MATURITY wall looms. Unimaginable amounts of borrowing in the public and private sectors must roll in the next 3 years… Copyright 2010 © Gordon T. LongAll Rights Reserved Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 6. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Unimaginable sums must roll over and the Federal Reserve has been buying all new debt… Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 7. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS ISSUANCE of government guaranteed debt is now the NEW BUBBLE of future TOXIC DEBT Annotations: Gordon T. Long ALL Debt will be REPAID, either by the borrower or the lender. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 8. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS The SOFT DEFAULT of the Printing Press… As Sovereign debt levels BLOW UP, the REAL VALUE of the DEBT has been CUT IN HALF, when will the holders of these supposedly RISK FREE assets WAKE UP and PRACTICE risk control? Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 9. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Copyright 2010 © Gordon T. LongAll Rights Reserved Will the lenders wake up? Or do you think the lenders will roll and finance the new spending for consumption by the welfare states? Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 11. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS The world’s top 50 banks’ average leverage is 102 to 1. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 12. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS The EUROPEAN INSOLVENCIES are deeply intertwined between the Financial, Banking and SOVEREIGN sectors! This is a great BIG check kiting scheme, and only a small illustration of the enormity of the TOXIC assets and DEFAULTS which LOOM. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 14. The VALUE of the assets they have purchased with this borrowing has plummeted, most still sit on their balance sheets at purchase prices. These are KNOWN as MALINVESTMENTS and TOXIC assets. The biggest carry trades in history are BLOWING UP!
- 15. G7 banks hold $600 trillion worth of over-the-counter derivatives against which they hold no margin and for which they have made few provisions to take a loss.
- 16. Greece, Portugal, Ireland and now Spain (Spain has been shut out of credit markets; it has $600 billion PUBLIC/Private debt which MUST roll by the end of 2012) are on the short list of borrowers unable to ROLL, the insolvency is rolling uphill.Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 17. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS This is one of the FACES of too-big-to-failand it represents the purest form of MONETARY debasement as the FRESH cash arrives from HELICOPTER BEN and John Claude Trichet. You can expect this to increase by many multiples, as all the central banks BUY more toxic assets and print FRESH money to replace them on bank and institutional balance sheets in an ATTEMPT to SAVE them. THEY WILL FAIL and will destroy the value of the currency at the same time. Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 18. This chart accompanies the podcast recordedAugust 17th, 2011 THE CERTAINTY OF THE PRINTING PRESS Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
- 19. DISCLOSURE STATEMENT AND TERMS OF USE THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY.This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine the risks associated with investing of any sort and whether investment programs are suitable for you. You should never invest or consider investments without a complete set of disclosure documents, and should consider the risks prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make are your sole responsibility. THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Listen to the original recording for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsights
Notas do Editor
- Aug 20th, 2010:Mapping the Tipping Points
- The Insolvencies of the elites & governments have and are being transferred to the public, now those guarantees and transfers of liabilities are hidden in legislation like the US Dodd Frank financial reform legislation. Dodd Frank is not the end of “too big to fail” but a massive expansion of it with political requirement that you support politicians with campaign support to qualify.MAY 7 2010: EXTEND & PRETEND: Shifting Risk to the Innocent.June 30, 2010: EXTEND & PRETEND: Confirming the Flash Crash Omen
- It is a prescient remark as today capitalism and its attendant wealth creation is now dead in the land of its birth and we now have become a DEBAUCHED “something for nothing” society.Sound money, incentives to save, invest, work hard and accumulate private property for our families and heirs has become a myth as it is impossible to do so as the debasement has accelerated to levels which cannot be overcome by most savers, investors, entrepreneurs and the Public.SOCIALIST PROGRESSIVES have and are destroying our societies and futures by doing so and of course with unsound money they theoretically never run out of other people’s money to do so.*************
- A debt maturity wall looms across the developed world, and incomes and asset values are declining*******************APRIL 2ND 2010: EXTEND & PRETEND: Hitting the Maturity Wall
- The tiny black dots are the ACTUAL, TANGIBLE common equity that underpins those assets at the banks and the value of that equity represents what an investor would pay to buy those financial institutions in totality.When you look at these financial systems, keep in mind you must combine what you see with the governments of their respective countries. Their balance sheets must be considered as one. They will go to any length to save one another.Most regulators define solvency with tier one asset ratios, which are a measure of Assets minus liabilities. Unfortunately they define all sorts of nonsense as an asset and mark many assets to models, which is known as marking to myth, as regulators and finance officials fight mother nature by not recognizing the true losses of the banking systems which they have allowed to grow to unimaginable proportions. Look no further then the recent European stress tests, a cruel joke on their constituents, investors and a measure of their hubris, as they pretend that they can prevent sovereign default by the stroke of a pen. European regulators will fight tooth and nail to prevent a true accounting of the financial system to take place. Absurd is the only word that comes to mind.For instance, in Germany the stress tests are prohibited by a law which says that banks are under no obligation to detail their balance sheets to the public as it is proprietary information. The only reason they are doing the politically correct version is to FOOL the public and their depositors. It is corruption and crony capitalism in action.They have done so because the bankers hold the reigns to the money, future credit expansion for Ponzi economies and thus the politicians. A huge amount of those assets are sovereign debt, remember what I said about the feds mission, to fund government with the public as debt slaves and that economies are run for the benefits of private banks.*****************
- The banks are now just private equity and HEDGE funds in disguise, with government/public guarantees,trading markets in such huge size which can overwhelm the public, this is also known as manipulation and illegal to you and me but permitted by their servants in the public sectorHi-tech from running, known as high frequency trading, robs the public and traditional investors on virtually every purchase and sale they place. The exchanges in permitting this is allowing these crooks to undermine public trust and their pocketbooks. These high frequency operations never have a losing day. That is not speculation, it is shooting fish in a barrel and should be outlawed, the public cannot be expected to return to the markets until they believe they are honest and at this point, they aren’t.Banks buying and selling of REAL assets with printed money as their primary source of income, only now those assets are falling lower in value and bidders have disappeared at the values they hold those assets on their books.They fund themselves through reserveless fractional banking using depositors’ money, which is guaranteed by the governments in which they operate under. We can see from this chart why the banking industry is fighting Basel III rules which will require just 3 percent reserve requirements by 2018. They are operating without reserves, to require them would require massive unwinding of these stated assets. And when it happens the true value of them would be revealed. The developed world now operates with banking systems where the profits are privatized and the risks are socialized to the public at large.They no longer can make money on lending, as they have made so many bad lending decisions to politically correct borrowers and to themselves in the past they must pay for.To think that these banks assets are overvalued by up to 40% or more with the express approval of public serpents, finance officials and central banksAnd are leveraged beyond belief, as we can see. Operating at leverage levels which are unimaginable and unmanageable.And are sitting on more than $500 trillion dollars of OVER the counter Derivatives, which they are the counterparty to, with no margin behind their commitments. It is basically insolvent institutions insuring insolvent institutions.This is the face of ZOMBIE banks, institutions which will be deleveraging, paying for previous bad lending decisions and tapping the printing press and public guarantees to survive for decades to come.Excluding China’s banks, the average leverage ratio is 102 to 1, and the government sponsored banks are at infinite leverage as they have no equity to absorb losses…Except, once again your bank accounts, accessible thru the printing press and new deficit spending in which the public are the DEBTORS.A two percent move against the 36 trillion dollars of banks assets is 720 billion dollars, a two percent move against their unmargined derivative exposure is 12 trillion dollars and, of course, that has already occurred as many assets are marked to model also known as marked to myth.Losses of up to 10% have already occurred in REALITY and is probably much more, running the real tally of insolvency to over 20 trillion dollars at a minimum.A stiff breeze in the financial markets against their positions will be another catastrophe. *****************************************
- These are the excess reserves created by the selling of the toxic assets to the fed and HELICOPTER BEN and the European central bank and Jean Claude Trichet. The UK is in similar distress. It is not being lent out in the fractional banking systems, as coming losses dwarf this amount. This is the face of ZOMBIE banks as we see in Japan. Many analysts say these are the seeds of hyperinflation when it is lent out at 10 to 1, over and over again. I beg to differ. The debasement has already occurred, is increasing daily and we are only waiting for it to be increasing, recognized by paper asset holdersThe hyperinflation will occur when the fed and central banks prints MORE money to buy the toxic Malinvestments and the 200 trillion dollars of financial assets come off of the sideline to attempt to preserve the wealth stored in them. Its called a crack-up boom.***********