Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
Macro Analytics                                                                                                           ...
DISCLOSURE STATEMENT AND TERMS OF USETHE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION...
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Macro Analytics 10-27-12 Constitutional Pressures

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The importance of SOUND MONEY can not be overstated. The principle of sound money is a central pillar in the protection of the public's constitutional rights, the control of relentless government spending and the restriction of political 'reach' and growth of socialist programs. This fundamental guiding tenet was well understood prior to the founding of the US Federal Reserve in 1913 and its modern day foray into untested and unsound money concepts such as ZIRP and Quantitative Easing

The Austrian Economist Ludwig von Mises succinctly wrote in 1912 in 'THE THEORY OF MONEY & CREDIT":

“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically, it belongs in the same class with political constitutions and bills of rights.”

Gordon T Long & Charles Hugh Smith discuss whether the US government is now in fact being forced to prepare for a crisis event brought on by the eventuality of unsound money, the debasement of the currency and debt saturation.

The facts are hard to dispute, based on the number and nature of Executive Orders being issued, and the extensive number of alarming surveillance programs on US citizens being aggressively and quietly implemented by government agencies under the cover of the 12 year "War on Terror".

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  • September 2012 Seminal EventThe power of the U.S. dollar has been one of the few things holding up our economy.  Once that leg gets kicked out from under us we are going to be in a whole lot of trouble.Listed here are 11 international agreements that are nails in the coffin of the petrodollar....#1 China And RussiaChina and Russia have decided to start using their own currencies when trading with each other.  The following is from a China Daily article about this important agreement....China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies."About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.Sun Zhuangzhi, a senior researcher in Central Asian studies at the Chinese Academy of Social Sciences, said the new mode of trade settlement between China and Russia follows a global trend after the financial crisis exposed the faults of a dollar-dominated world financial system. Pang Zhongying, who specializes in international politics at Renmin University of China, said the proposal is not challenging the dollar, but aimed at avoiding the risks the dollar represents.
  • But that is not what I want to focus on here. I discuss QE III and OMT in our written reports.I want to talk about the seminal event.When we took the US off the gold standard we were in the throws of our first Oil crisis. Line-ups at the pump and crushing debt from Vietnam and Lyndon Johnsons Great Society and Guns and Butter.Henry Kissinger as Secretary of State under President Richard Nixon with the less visible involvement of big oil through George Bush Sr and James BakerFor decades, most of the nations of the world have used the U.S. dollar to buy oil and to trade with each other.  In essence, the U.S. dollar has been acting as a true global currency.  Virtually every country on the face of the earth has needed big piles of U.S. dollars for international trade.  This has ensured a huge demand for U.S. dollars and U.S. government debt.  This demand for dollars has kept prices and interest rates low, and it has given the U.S. government an incredible amount of power and leverage around the globe.  Right now, U.S. dollars make up more than 60 percent of all foreign currency reserves in the world.  But times are changing.  Over the past couple of years there has been a whole bunch of international agreements that have made the U.S. dollar less important in international trade.  The mainstream media in the United States has been strangely quiet about all of these agreements, but the truth is that they are setting the stage for a fundamental shift in the way that trade is conducted around the globe.  When the petrodollar dies, it is going to have an absolutely devastating impact on the U.S. economy.  Sadly, most Americans are totally clueless regarding what is about to happen to the dollar.One of the reasons the Federal Reserve has been able to get away with flooding the financial system with U.S. dollars is because the rest of the world has been soaking a lot of those dollars up.  The rest of the world has needed giant piles of dollars to trade with, but what is going to happen when they don't need dollars anymore?Could we see a tsunami of inflation as demand for the dollar plummets like a rock?
  • September 2012 Seminal EventThe power of the U.S. dollar has been one of the few things holding up our economy.  Once that leg gets kicked out from under us we are going to be in a whole lot of trouble.Listed here are 11 international agreements that are nails in the coffin of the petrodollar....#1 China And RussiaChina and Russia have decided to start using their own currencies when trading with each other.  The following is from a China Daily article about this important agreement....China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies."About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.Sun Zhuangzhi, a senior researcher in Central Asian studies at the Chinese Academy of Social Sciences, said the new mode of trade settlement between China and Russia follows a global trend after the financial crisis exposed the faults of a dollar-dominated world financial system. Pang Zhongying, who specializes in international politics at Renmin University of China, said the proposal is not challenging the dollar, but aimed at avoiding the risks the dollar represents.
  • Macro Analytics 10-27-12 Constitutional Pressures

    1. 1. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 2. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 3. Macro Analytics October 27th, 2012 Constitutional Pressures Charles Hugh Smith DIRECT AMAZON LINK OfTwoMinds.com Link to info page and FREE Chapters at OfTwoMinds site: 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. 4. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 5. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 6. Macro Analytics October 27th, 2012 Constitutional Pressures Fiat Currency and an Emerging Police State “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically, it belongs in the same class with political constitutions and bills of rights.” The Theory of Money and Credit (1912), Austrian economist 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.
    7. 7. Macro Analytics October 27th, 2012 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. 8. Macro Analytics October 27th, 2012 Unsound Money Jeopardizes Constitutional Rights Fiat Currency and the Emerging Police State Why Sound money is a necessary protection of civil liberties 1. It Reins in the growth of government. • When a government prints money without the restraint of competing currencies — even if the restraining “competition” is a gold standard — runaway bureaucracy results. • Wars are financed; indeed, it is difficult to imagine the extended horrors of World War II without governments’ monopoly on currency. • A white-hot printing press can finance the soaring numbers of prisons and law enforcement officers required to impose a police state. 2. It Stops the flood of currency which can prop up unpopular policies like Obamacare or the War on Drugs. • That is why government holds onto its monopoly with a death grip. • “The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.” 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. 9. Macro Analytics October 27th, 2012 Unsound Money Jeopardizes Constitutional Rights Fiat Currency and the Emerging Police State Why Sound money is a necessary protection of civil liberties … continued 3. It Stops governments from monitoring virtually all transactions through the financial institutions with whom it maintains an intimate partnership. • Total surveillance is a prerequisite to total control, which is what the government wants to establish as quickly as possible. For example, prior to establishing the Suspicious Activity Report (SAR) in 1996 — a form that financial institutions submit to the U.S. Treasury — banks were required to automatically report any transaction over $10,000. Now any activity deemed “suspicious” is vulnerable. • The monopoly facilitates a vicious attack on privacy and has become a main building block of the American surveillance state. • As libertarian Mark Hubbard stated, “Civilization is a movement toward privacy, a police state the opposite, and tax legislation has become the legislation of our new Big Brother states.” Much of the tracking is a pure money grab, but it is also an attempt to ferret out and punish “unacceptable” behavior, like dealing in drugs or politically dissenting. Indeed, it is criminally naive to believe the government will not use these massive and valuable data to target its critics. Thus, people can be discouraged from speaking out. Controlling the information, however, means controlling the currency. Otherwise, anyone could mint gold coins in the middle of the night and release them covertly into the wild. 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. 10. Macro Analytics October 27th, 2012 Constitutional Pressures EXECUTIVE ORDERS ISSUED… Teddy Roosevelt 3 Annualized Rate Others to FDR NONE FDR 11 in 16 years 0.69 Truman 5 in 7 years 0.71 Ike 2 in 8 years 0.25 Kennedy 4 in 3 years 1.33 LBJ 4 in 5 years 0.80 Nixon 1 in 6 years 0.17 Ford 3 in 2 years 1.50 Carter 3 in 4 years 0.75 Reagan 5 in 8 years 0.63 Bush 3 in 4 years 0.75 Clinton 15 in 8 years 1.88 George W. Bush 290 in 8 years 36.25 Obama 134 in 3.5 years 38.29 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. 11. Macro Analytics October 27th, 2012 Constitutional Pressures THE OBAMA ADMINISTRATION: Obama has signed 134 Executive Orders in 40 months! What did Congress do in those 40 months? -EXECUTIVE ORDER 10990 allows the government to take over all modes of transportation and control of highways and seaports. -EXECUTIVE ORDER 10995 allows the government to seize and control the communication media. -EXECUTIVE ORDER 10997 allows the government to take over all electrical power, gas, petroleum, fuels and minerals. -EXECUTIVE ORDER 10998 allows the government to take over all food resources and farms. -EXECUTIVE ORDER 11000 allows the government to mobilize civilians into work brigades under government supervision. -EXECUTIVE ORDER 11001 allows the government to take over all health, education and welfare functions. -EXECUTIVE ORDER 11002 designates the of all persons. Postmaster General to operate a national registration -EXECUTIVE ORDER 11003 allows the government to take over all airports and aircraft, including commercial aircraft. 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. 12. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 13. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 14. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 15. Macro Analytics October 27th, 2012 Constitutional Pressures Fiat Currency and the Emerging Police State Our transition from more-or-less free country to police state is accelerating. 1. The NSA’s Utah Data Mining facility, 2. Ever-tighter restrictions on offshore accounts, 3. The Internet “Kill Switch”, 4. The Patriot Act’s many assaults on the Bill of Rights, 5. The Militarization of local police, (Equipment, FEMA Graduates … the new NDAA ‘s “indefinite detention without trial”) 6. The spread of Drones for domestic surveillance (FAA planning for 30,000 by 2020) 7. The NCTC‘s (National Counterterrorism Center) “ Disposition Matrix” – Kill Lists … each has a role in the high-tech updating of a very old idea: that the state is paramount and the individual a slave to public order and national power. QUESTION: Why is this happening now, rather than in 1950? ANSWER: We’re reaping the whirlwind that always accompanies fiat currency. We created a central bank in 1913 and freed it from the constraint of gold in 1971. Give the government or the big banks the power to create money out of thin air and you eventually get a dictatorship. “Eventually” just happens to be now. 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. 16. Macro Analytics October 27th, 2012 Constitutional Pressures Fiat Currency and the Emerging Police State “Boiling Frog” Syndrome : • Each erosion of civil liberties is small enough in the public eye that they do not protest. • Financial stress has incapacitated many people, who have lost interest in abstract civil liberties as their personal financial stress has mounted. Intelligence and Law Enforcement • Have moved from targeted investigations of individuals and groups to “trawling” the communications of all citizens— that is an enormous change. People say “it can’t happen here” • It has already happened here. COINTELPRO in the 1960s and early 1970s, • The Espionage Act has been used to silence whistleblowers within the Federal government. Tax Surveillanance • Financial transactions are all being consolidated under the tax evasion umbrella, but what are the limits of government action in terms of personal finance? • Could the State mandate all 401Ks must be invested in T-bills? Confiscate gold once again? • The issue is this: the rules will change overnight and the public will have little say or feedback. • That is feudalism or dictatorship. Trust and confidence are nonlinear. They can erode slowly and then collapse. Our trust in institutions is eroding for good reason, and a collapse in confidence in certainly a possibility. 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. 17. Macro Analytics October 27th, 2012 Constitutional Pressures 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. 18. Macro Analytics October 27th, 2012 CURRENCY WARS: “Race to Debase” 11 International Agreements That Threaten US$ Dominance 1. China And Russia SEPTEMBER 4TH China Daily Article 2. China And Brazil BBC article 3. China And Australia Financial Express 4. China And Japan Bloomberg 5. India And Japan Reuters 6. Iran And Russia Bloomberg 7. China And Chile recent report 8. China And The United Arab Emirates CNN 9. China And Africa Africas biggest partner 10. Brazil, Russia., India, China & S. Africa News source – India 11. How India & China and Iranian Oil Bloomberg Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLensThe 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. 19. Macro Analytics October 27th, 2012 CURRENCY WARS: “Race to Debase” QUICK SUMMARY VIDEO: http://www.youtube.com/watch?v=Enm0CBx52g4&feature=player_embedded Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLensThe 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. 20. Macro Analytics October 27th, 2012 CURRENCY WARS: “Race to Debase” 11 International Agreements That Threaten US$ Dominance 1. China And Russia SEPTEMBER 4TH China Daily Article 2. China And Brazil BBC article 3. China And Australia Financial Express 4. China And Japan Bloomberg 5. India And Japan Reuters 6. Iran And Russia Bloomberg 7. China And Chile recent report 8. China And The United Arab Emirates CNN 9. China And Africa Africas biggest partner 10. Brazil, Russia., India, China & S. Africa News source – India 11. How India & China and Iranian Oil Bloomberg Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLensThe 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. 21. Macro Analytics October 27th, 2012 Constitutional Pressures The Old Game of Power: “Create Crisis” “Never let a Crisis Go To Waste” Rahn Emanuel War Powers The “Price” People Are Willing to Pay 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. 22. Macro Analytics October 27th, 2012 Constitutional Pressures The Old Game of Power: “Create Crisis” 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. 23. Macro Analytics October 27th, 2012 Constitutional Pressures 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.
    24. 24. Macro Analytics October 27th, 2012 Constitutional Pressures Charles Hugh Smith DIRECT AMAZON LINK OfTwoMinds.com Link to info page and FREE Chapters at OfTwoMinds site: 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. 25. 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

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