macro analytics - 04-10-12 - financial repression

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FINANCIAL REPRESSION in EUROPE

Macro AnalyticsApril 10th, 2012

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THESIS 2012: FINANCIAL REPRESSION GordonTLong.com


http://www.gordontlong.com/reports/Subscribers-Sec2012.htm



“A Dubious Deal for Greece”


• It is both a bad and unworkable deal. This is not just my opinion but in fact the opinion, of the Sustainability Report commissioned by the EU.

• There is an old adage in the financial world that when you need to solve a mysterious and complex puzzle: "Always follow the Money". We did this and found unprecedented amounts of money is flowing from Greece (and the EU peripheral GIIPS) to German Banks or sister banks in the Global Banking "fraternity",

• We are witnessing EU banks being able to borrow unlimited amounts of money from the ECB (€3 Trillion) through questionable vehicles such as LTRO for 1%. Yet Greece is unable to borrow from the ECB, even though it would pledge the same Greek Bonds that the Banks are pledging as collateral for their 1% loans. There was a time where the logic for the ECB not lending directly to Greece made sense to this writer. Today, based on ECB collateral policy it no longer does. The obvious is being hidden from view.

• The GIIPS are pledging Assets, Gold and future Taxation income for Euros, which are being created on computer screens at the ECB and Global banks. The Banks are receiving real assets while lending out "paper'.

• The Macro Prudential policy of Financial Repression describes the exchange of Money for Wealth, between a Sovereign government and its people. Presently the same thing is happening in Europe, but here it is also between the Global Banking cartel and the Sovereigns. Whether Regulatory Arbitrage (shown left) or Financial Repression (see 2012 Thesis), it is fundamentally about the exchange of questionable 'paper' assets for guarantees of cash streams through servitude of labor.


This chart accompanies the podcast recordedNovember 11th, 2011

WHO ARE THESE MEN?


Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsights

ITALY GREECE

MARIO MONTI LUCAS PAPADEMOS

ECONOMIST ECONOMIST

Education: Yale (Keynesian)Professor: Turin, Bocconi (25 years)

Distinction: Klein-Monti ModelTechnocrat: EC Since 1994

Education: MIT (Keynesian)Professor: Columbia, Athens (20 Years)Distinction: BoG Governor (Drachma)

Technocrat: ECB Since 2002

Tri-Lateral CommissionEuropean Chair

Bilderberger Steering Committee

Tri-Lateral Commission – Since 1998

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GREECE’S PAPADEMOS



His first task will be to secure a badly needed €8b aid tranche from the EU & IMF

THE Banker’s Banker in Charge of Negotiations? Its Official : The fox is in charge of hen house!

Only an INTERIM until Feb 19th, 2010 Elections

90 Days (No Referendum - the dirty work)

Papademos sought a cabinet that included members of the top parties (for demonstrate broad support).

New Democracy leader Antonis Samaras fought having heavyweights from his party associated with the unpopular cuts as elections loomed.

“Though it remains to be seen whether the major parties will fully back Mr. Papademos —their eyes are cast to the next elections, and have little appetite for tough reform”

“the reported concessions appear to give him a strong starting position”. (Yeh, right - its all yours baby as politicians go to the mattresses!)

“Mr. Papademos sought an interim tenure free of political interference”




ITLAY’S MONTI



THE Banker’s Banker in Charge of Negotiations? Its Official : The fox is in charge of hen house!

Only an INTERIM until Elections called –’An Emergency Government’

Non-confidence likely as soon as dirty work is done.

THE SET-UP:

In a highly critical editorial in Il Corriere, Mr. Monti chastised the premier for saying that the euro wasn't a convincing currency.

"Every time [borrowing] rates rise because of scant faith in Italy, you impose even more sacrifices upon Italians."

THE SPIN (WSJ):

"He doesn't owe anything to any political party. He's not there to be a politician. He's there to do what's necessary" said Gaia Gualtieri, 32,

who helps her father run a small textile manufacturer in Prato. Ms. Gualtieri hopes Mr. Monti will free businesses from labor codes that make it hard to hire and fire.




WHO ARE THESE MEN?



ITALY GREECE

MARIO MONTI LUCAS PAPADEMOS

ECONOMIST ECONOMIST

Education: Yale (Keynesian)Professor: Turin, Bocconi (25 years)

Distinction: Klein-Monti ModelTechnocrat: EC Since 1994

Education: MIT (Keynesian)Professor: Columbia, Athens (20 Years)Distinction: BoG Governor (Drachma)

Technocrat: ECB Since 2002

Tri-Lateral CommissionEuropean Chair

Bilderberger Steering Committee

Tri-Lateral Commission – Since 1998







PROPERLY ADJUSTED for INFLATION The DEVELOPED WORLDS ECONOMIES ARE DECLINING at a 8 to 10% of GDP annually!




Macro AnalyticsMarch 29th, 2012

CORPORATOCRACY & STATISM






Government + Corporations = Fascism






PROPERLY ADJUSTED for INFLATION The DEVELOPED WORLDS ECONOMIES ARE DECLINING at a 8 to 10% of GDP annually!






Annual Deficits

While their total DEBTS are COMPOUNDING at about the same RATE!






REAL DEBT to GDP not including UNFUNDED entitlements which are 100’s of percent of GDP






Debt to GDP in ALL sectors is over 330 PLUS percent






Time Bombs…er…Bonds2.7 Trillion Euros Must Roll in 2012






EU's Prodi Admits Leaders Knew Euro Would Cause Ruin but Hoped Political Union Would Follow February 20, 2012

Romano Prodi, who in 2002 was President of the European Commission .... Prodi:

"Well, the difficult moments were predictable. When we created the euro, my objection, as an economist (and I talked about it with Kohl and with all the heads of government) was: how can we have a common currency without shared financial, economical and political pillars? The wise answer was: for the moment we've made this leap forward. The rest will follow ... Then instead came the Europe of fear: fear of China, fear of immigrants, fear of globalization. So it was clear that this crisis would arrive. But the euro is so important, it's so convenient for everyone — especially Germany — that I've no doubt that the euro won't just survive, but it will be one of the landmarks for the world economy." – Euro News

The EU's top politicos knew what was going to happen to the European Union and in fact, they planned for it. We can see from this shocking excerpt just how duplicitous these "leaders" were. Yes, Romano Prodi has now actually admitted it. Those running the EU, and those standing behind them, are trying to create world government and the European Union was evidently and obviously created as a stepping-stone.


http://www.thedailybell.com/3629/EUs-Prodi-Admits-Euroleaders-Knew-Euro-Would-Cause-Difficult-Moments-The-Rest-Will-Follow-



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macro analytics - 04-10-12 - financial repression

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