Your SlideShare is downloading. ×
0
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Macro Analytics 03-09-13 - Hyperinflation w/ Ty Andros

705

Published on

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
705
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
15
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Gordon T Long GordonTLong.com Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Ty Andros Tedbits.com Traderview.com Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 5. Macro Analytics March 9th, 2013 NO FIAT CURRENCY HAS EVER SURVIVED 56 Episodes of Hyperinflation NOT UNCOMMON – Always Stems from Poor Public Policy Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event A CURRENCY EVENTS: Historically Stem from Currency Debasement CURRENCY WARS are about Currency Debasement May be an Old Game, but it is a New World:  Fiat Currency Regimes  Sovereign Debt Levels  Total Global Debt Levels (Public & Private)  “Unlimited’ / “Uncapped” Monetary Policies  World Trade Organization (WTO)  Universal Problem due to Globalization Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event HYPERINFLATION In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, generally regarded as the first serious study of hyperinflation and its effects. In it, he defined a hyperinflationary as starting in the month that the monthly inflation rate exceeds 50%, and it ending when the monthly inflation rate drops below 50% and stays that way for at least a year.[3] Economists usually follow Cagan’s description that hyperinflation occurs when the monthly inflation rate exceeds 50%.[4] The International Accounting Standards Board does not establish an absolute rate at which hyperinflation is deemed to arise. Instead, it lists factors that indicate the existence of hyperinflation:[5]  The general population prefers to keep its wealth in non-monetary assets or in a relatively stable foreign currency. Amounts of local currency held are immediately invested to maintain purchasing power  The general population regards monetary amounts not in terms of the local currency but in terms of a relatively stable foreign currency. Prices may be quoted in that currency;  Sales and purchases on credit take place at prices that compensate for the expected loss of purchasing power during the credit period, even if the period is short;  Interest rates, wages, and prices are linked to a price index; and  The cumulative inflation rate over three years approaches, or exceeds, 100%. Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event Why hasn’t Hyperinflation already arrived? “This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.” - Ludwig Von Mises Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 13. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event Lack of CONFIDENCE A Degree of Fear Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 16. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event ARGENTINA 1. Nationalized Private Pensions, plundering the retirement savings of her people. 2. Increased Tax Rates across the board-- income, VAT, import duties, etc. as well as imposed a new wealth tax. 3. Inflated Argentinas Money Supply, printing currency with wanton abandon; M2 money supply has increased 215% in the past three years. 4. Currency Devaluation - Driven the value and purchasing power of the currency down by 50%. Street-level inflation is now 30%+ per year. 5. Economic Reporting - Made a mockery of official statistics, comically understating the level of Argentine inflation and unemployment. She even began punishing economists for publishing private estimates of inflation that didnt jive with the government figures. 6. Nationalization - Taken over control of one industry after another, most notably the nationalization of Spanish oil firm YPFs Argentine assets.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 thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event ARGENTINA 7. Imposed Export Controls of agriculture products from beef to grains, forcing growers to sell at artificially lower domestic prices. 8. Imposed Capital Controls, reducing her citizens capability to dump their poorly performing currency and hold gold, dollars, Euros, or anything else. 9. Price Controls - Imposed a two month price freeze on items in the supermarket, and encouraged retail consumers to rat out any grocer that doesnt abide by the government order. 10. Media Controls - Imposed controls over the media, most recently ordered an advertising ban in Argentine newspapers (weakening their financial position). Currency Wars Lead to Price Controls Which Leads to CONTROLSThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event For High inflation to transition to hyperinflation REAL wealth creation must collapse as you saw in Zimbabwe, Weimar Germany and as you see in Argentina and Venezuela TODAY! The DEVELOPED world is just a step or two behind them but rapidly following the SAME PATH! Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event Why hasn’t hyperinflation already arrived? Money Velocity Explodes HIGHER During Hyperinflation Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event Currency Wars are in full BLOOM around the GLOBE! Thirty Eight countries are trying to “Beggar thy Neighbor” their way to devalue their currencies to gather what little economic activity is being created worldwide. Currencies don’t FLOAT, They just SINK at different rates!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 thisslide 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 March 9th, 2013 HYPERINFLATION: A Currency Event What is real Money? Bretton Woods II a semi sound monetary system was converted to a FIAT currency and credit based currency and monetary system Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 25. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event What causes Hyperinflation? The greatest transfer of wealth from those that hold/store it in paper to those that don’t is underway! UNSOUND MONEY: Master thread of economic, societal and currency/financial system destruction! Throughout history Fiat currency and credit systems have failed upon the greed and avarice of those who controlled them and this episode will be no different. The currency and bomb…er…bond markets are GROUND ZERO of the unfolding Societal and financial system destruction. The money printed to date will be dwarfed by what is to come. This is the greatest OPPORTUNITY in HISTORY for applied Austrian investing and the demise of the KEYNESIAN PONZI model. Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 26. Macro Analytics March 9th, 2013 HYPERINFLATION: A Currency Event Ty Andros Tedbits.com Traderview.com Listen to the original podcast for this slide at www.GordonTLong.com/Macro_AnalyticsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 27. FREE ONLINE Video / Audio Library SERIES SUBJECTS Monetary Malpractice Broadest Range of FREE Constitution in Peril MACROECONOMIC Video & Financial Repression Audio Content on the Web. When Leverage Fails Statism - Over 90 Slide Videos Global Imbalances - Over 200 Audio Tapes Crony Capitalism - Over 60 YouTube Videos Euro Experiment False Economic Growth … much more Gordontlong.com/Macro_An 2013 THEMES alytics_Library.htm RECAPPING 2012 "Your audios are invaluable. It is one of the few resources that provide this type of information. Small retail investors like me get taken advantage of by big firms / banks. Your information is unlike any other out there."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 thisslide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
  • 28. DISCLOSURE STATEMENT AND TERMS OF USETHE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION AREINTENDED FOR EDUCATIONAL PURPOSES ONLY.This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, andany analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading andinvesting can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentaryis only the opinions of the authors and should not to be used for investment decisions. You must carefully examinethe risks associated with investing of any sort and whether investment programs are suitable for you. You shouldnever invest or consider investments without a complete set of disclosure documents, and should consider the risksprior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way asubstitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement ofthis Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may makeare your sole responsibility.THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OFFUTURE RESULTS. Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

×