Gordon T Long and Ty Andros, President, Traderview and publisher of the "Tedbits" web site and newsletter, discuss FINANCIAL REPRESSION in the first of a multi-part series.

1. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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2. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Ty Andros
Tedbits.com
Traderview.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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3. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Gordon T Long
GordonTLong.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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4. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Gordon T Long Ty Andros
GordonTLong.com Tedbits.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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5. THESIS 2012: FINANCIAL REPRESSION
GordonTLong.com
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6. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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7. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
THESIS 2012: FINANCIAL REPRESSION
GordonTLong.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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.

10. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
“The best way to destroy the
capitalist system is 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.”
John Maynard Keynes
Common Short Version
1920
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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12. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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13. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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.

15. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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16. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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17. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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.

20. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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.

21. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
What is Financial Repression?
 It is investments which yields less than REAL INFLATIONS and through
compounding systematically steals the wealth of investors and savers.
 It is UNSOUND Money which is Incapable of Storing Wealth and
Holding its Purchasing Power.
 Systematic looting /transfer of the wealth of the private sector to
insolvent government banking systems.
 Regulation into a Universe of Investments which have negative yields.
 Deliberate impoverishment to force investors into malinvestments.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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.

22. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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.

23. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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.

24. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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25. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
The Functions of Money
Sound Money Unsound Money
1. Medium of exchange 1. Medium of exchange
2. Store of value 2. Promise to pay, also known as an IOU
3. Measurement/Unit of value 3. Backed by nothing
4. Standard of value
5. Moves purchasing power
through “space and time”
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26. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Gold is the Currency of Kings
Silver is the Currency of merchants
Credit is the Currency of Slaves
Credit is NOT Money
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27. April 7th, 2012
Understanding FINANCIAL REPRESSION
Your investments must YIELD 10% or more
just to BREAK EVEN in purchasing power
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28. April 7th, 2012
Central Bank Balance Sheets are exploding higher
and have done so since 2000
Central bank reserves are up 500% since 2000;
Liquidity injections now rival the depths this is STEALTH monetization of Government DEBT
of the Global Financial Crisis in 2009
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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29. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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30. Monthly Market
Commentary –
March 2012
GordonTLong.com
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31. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Monthly Market Commentary – March 2012
GordonTLong.com
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32. April 7th, 2012
Traditional Valuation of Stocks and Bonds
in FIAT US DOLLARS
S&P 500 Priced in FIAT Dollars 10-Yr Notes Priced in FIAT Dollars
1990 2000 2010 1990 2000 2010
This is nothing more than Stocks and Bonds re-pricing to REFLECT
the lower purchasing power of the currency in which they were denominated!
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33. April 7th, 2012
A TRUE Picture of Stocks and Bonds
Priced in Gold and Crude Oil
S&P 500 Priced in Gold 10-Yr Notes Priced in Gold
1990 2000 2010 1990 2000 2010
S&P Priced in Crude Oil 10-Yr Notes Priced in Crude Oil
1990 2000 2010 1990 2000 2010
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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
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34. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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.

35. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
THESIS 2012: FINANCIAL REPRESSION
GordonTLong.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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.

36. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
THESIS 2012: FINANCIAL REPRESSION
GordonTLong.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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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.

37. Macro Analytics
April 7th, 2012
Understanding FINANCIAL REPRESSION
Ty Andros
Tedbits.com
Traderview.com
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
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38. DISCLOSURE STATEMENT AND TERMS OF USE
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