Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                                        Gordon T Long
                                                         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.
Macro Analytics
                                                                                                                            September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                  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_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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                                     CARGO CULT: False Perceptions & Propaganda

     Fed Cargo Cult depends on the "magic" of manipulating internal psychological states:
     1.    Boosting expectations of inflation so people will be encouraged to spend what money they have now.

     2.    Creating the perception that housing is recovering, as opposed to the truth that housing is only rising due
           to stupendous incentives created by subsidies paid by others and the banks' stealth campaign to lower
           supply by holding millions of defaulted homes off the market.

     3.    By stimulating demand and artificially reducing supply, the Fed and the banks hope to create phantom
           collateral (home equity) that can support another enormous wave of new borrowing and spending.

     What nobody dares mention is the Cargo Cult is funneling trillions of dollars into unproductive
     malinvestment.
     Housing is a form of consumption; it is not a productive investment. It is subject to diminishing returns: all the
     trillions dumped into subsidizing housing have yielded a pathetically meager increase in phantom assets.

     The Cargo Cult of the Federal Reserve has failed, and it should be abolished as the ultimate
     destroyer of wealth via its policies of manipulation, malinvestment and moral hazard.


                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda


                                                                                  Penalize
                                                                                          Savings through ZIRP

                                                                                  Reward
                                                                                          Speculative Risk through EASY
                                                                                          CREDIT & LEVERAGE



                                                                                  Poor become Poorer
                                                                                          $ From Earned Income
                                                                                          > Squeeze Disposable Income

                                                                                  Rich become Richer
                                                                                          $From Capital Gains/Asset Appreciation
                                                                                          > Low Rate, Easy Credit, Leverage

                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012




                                                                                                             2009 PREDICTION




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda


         Penalize
                 Savings through ZIRP

         Reward
                 Speculative Risk through EASY
                 CREDIT & LEVERAGE



          Poor become Poorer
                  $ From Earned Income
                  > Squeeze Disposable Income

          Rich become Richer
                  $From Capital Gains/Asset Appreciation
                  > Low Rate, Easy Credit, Leverage

                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012




                                 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.
Macro Analytics
                                                                                                                          September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                                 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.
Macro Analytics
                                                                                                                            September 25th, 2012

                                                            FEDERAL RESERVE: False Perceptions & Propaganda




                  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_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.
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 podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro Analytics 09-25-12 FEDERAL RESERVE - False Perceptions & Propaganda

  • 1.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 2.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda Gordon T Long 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.
  • 3.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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_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.
  • 4.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 5.
    Macro Analytics September 25th, 2012 CARGO CULT: False Perceptions & Propaganda Fed Cargo Cult depends on the "magic" of manipulating internal psychological states: 1. Boosting expectations of inflation so people will be encouraged to spend what money they have now. 2. Creating the perception that housing is recovering, as opposed to the truth that housing is only rising due to stupendous incentives created by subsidies paid by others and the banks' stealth campaign to lower supply by holding millions of defaulted homes off the market. 3. By stimulating demand and artificially reducing supply, the Fed and the banks hope to create phantom collateral (home equity) that can support another enormous wave of new borrowing and spending. What nobody dares mention is the Cargo Cult is funneling trillions of dollars into unproductive malinvestment. Housing is a form of consumption; it is not a productive investment. It is subject to diminishing returns: all the trillions dumped into subsidizing housing have yielded a pathetically meager increase in phantom assets. The Cargo Cult of the Federal Reserve has failed, and it should be abolished as the ultimate destroyer of wealth via its policies of manipulation, malinvestment and moral hazard. 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.
  • 6.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 7.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 8.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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 September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 10.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 11.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 12.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 13.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda Penalize Savings through ZIRP Reward Speculative Risk through EASY CREDIT & LEVERAGE Poor become Poorer $ From Earned Income > Squeeze Disposable Income Rich become Richer $From Capital Gains/Asset Appreciation > Low Rate, Easy Credit, Leverage 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.
  • 14.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 15.
    Macro Analytics September 25th, 2012 2009 PREDICTION 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.
  • 16.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda Penalize Savings through ZIRP Reward Speculative Risk through EASY CREDIT & LEVERAGE Poor become Poorer $ From Earned Income > Squeeze Disposable Income Rich become Richer $From Capital Gains/Asset Appreciation > Low Rate, Easy Credit, Leverage 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.
  • 17.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 18.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 19.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 20.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 21.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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 September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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 September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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 September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 25.
    Macro Analytics September 25th, 2012 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.
  • 26.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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.
  • 27.
    Macro Analytics September 25th, 2012 FEDERAL RESERVE: False Perceptions & Propaganda 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_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.
  • 28.
    DISCLOSURE STATEMENT ANDTERMS 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 podcast for this slide at www.GordonTLong.com/Macro_Analytics