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The Financial Repression AuthorityTM

A Joint Initiative of Gordon T Long.com and CliffKule.com

     
 

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Contrary to popular belief, bond yields may actually fall based on "Flows Analysis" if TAPER is maintained.

The Goal of FINANCIAL REPRESSION is to lower yields to finance government debt short term and reduce long term burden through inflation.

It appears as though things are working as planned!

Welcome to a Centrally Controlled Economy for the benefit of the State and not savers & pensioners.

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Federal Reserve Vice Chair Stanley Fischer's Speech On Macroprudential Policy

 

FINANCIAL REPRESSION-A Macroprudential Monetary Policy

Federal Reserve Vice Chair Stanley Fischer's Speech On Macroprudential Policy

FULL SPEECH

It's All About Financial Repression & Central Planning Of The Economy

 

 

FINANCIAL REPRESSION- Causing Inequality through Increasing Property Taxation

The Coming US "Tax Overhaul" Has a Different Goal In Mind than the Public Thinks!

RESEARCH STUDY: THE EFFECT OF RISING INCOME INEQUALITY ON TAXATION AND PUBLIC EXPENDITURES: EVIDENCE FROM U.S. MUNICIPALITIES AND SCHOOL DISTRICTS, 1970–2000

INCREASED LOCAL PROPERTY TAXATION IS COMING AS FINANCIAL REPRESSION TRANSFERS DEBT TO RESIDENTIAL OWNERS

READ MORE: Inequality Is Forcing US Towns To Try Scandinavia-Style Taxation — And It's Working 07-13-14 BI

A Core Tenet is the De-Incentive & Discouragement of SAVINGS

We had CAPITALISM:

SAVINGS was reinvested as CAPITAL INVESTMENT

We now have CREDITISM:

CREDIT is created and spent on CONSUMPTION

 

According to Mises, the problem is not low consumption but low savings

 

FINANCIAL REPRESSION - Modern Financial Repression Grounded on a "State Controlled Fiat Currency System"

According to Mises, the problem is not low consumption but low saving.

Why Fiat Money Is "A Large-Scale Fraud System" 07-11-14 Ryan McMaken of Mises Economic blog,via ZH

The Center for Financial Studies in Frankfurt reports on a recent talk given by Thorsten Polleit:  

READ MORE: Thorsten Polleit on the “planned chaos” of money

 

Regulators Ready Money-Fund Rules 07-10-14 WSJ

FINANCIAL REPRESSION REGULATIONS WILL PREVENT YOU FROM EXITING YOUR MONEY MARKETS (CASH) AT TIME OF TURMOIL

SEC Vote Could Come as Early as This Month

 

 

Yellen called for what she termed:

“A more robust macroprudential approach.

In fact she used that word macroprudential no fewer than 29 times. For those not fluent in Fedspeak, what she meant is that we can deal with financial instability through increased regulation procedures

Monetary Policy and Financial Stability - Remarks by Janet L. Yellen Chair Board of Governors of the Federal Reserve System

The 2014 Michel Camdessus Central Banking Lecture International Monetary Fund Washington, D.C.

July 2nd, 2014

  • *YELLEN: `WE HAVE MUCH TO LEARN' IN MACROPRUDENTIAL OVERSIGHT
  • *YELLEN: MACROPRUDENTIAL RULES SHOULD BE MAIN STABILITY DEFENSE
  • *YELLEN: STABILITY BEST PROMOTED BY MACROPRUDENTIAL OVERSIGHT

Is Christine Lagarde The Most Dangerous Woman In The World?

 

Expropriation Is Back on the Policy Table as Global Economic Woes Worsen -  Martin Armstrong of Armstrong Economics,

Read More

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The Global Hunt for Taxes IceCap

IMF's Recommendation for a Global Wealth Tax

FULL IMF REPORT

Read More

The Fed has resorted to repetitive bouts of cheap money for extended periods. This monetary ease has found its way into inflated asset values that in turn provided collateral for debt-driven consumption. These binges drove the economy until the inevitable asset bubble collapses caused a contraction in consumption and launched another cycle. At no time were savers rewarded for prudence."

 

Jim Rickards
Financial Repression On
Retirees & Savers

Excerpt from Jim Rickards' submitted testimony as a witness in the Senate Banking Committee’s Subcommittee
LINK HERE to download the testimony

6. Eroding trust and credibility. Economics has been infused in recent decades with the findings of behavioralists and social scientists. While this social science research is valid, the uses to which it is put are often manipulative and intended to affect behavior in ways deemed suitable by Fed policy makers. This approach ignores feedback loops. As retirees realize the extent of market manipulation by the Fed they lose trust in government more generally.

LATEST MACRO ANALYTICS ON FINANCIAL REPRESSION

 

LATEST UnderTheLens UPDATE ANALYSIS ON FINANCIAL REPRESSION

 

POLICY CONTROLS (Monetary, Fiscal, Public & Tax Policy)

REGULATORY CONTROLS & ENFORCEMENT

PUBLIC & PRIVATE PRESSURES & PENALTIES

Placing the Government Det on the back off Savers & Pensioners

(ie the 75M Baby Boomers About to Retire)

REPORTING DISTORTIONS (Economic & Government Statisitics)

CAPITAL & FOREIGN EXCHANCE CONTROLS

POLITICAL SUASION (Political Pressures & Quid Pro Quo)

EXPROPRIATION

 

OUR THESIS PAPER

ABSTRACT

Through the Process of Abstraction the 2012 Thesis outlines how the Global Macro is presently on a well defined path towards a global Fiat Currency Failure and the emergence of a New World Order.

2012 will be highlighted by social unrest during a period of heightened conflict and tension. As economic growth declines and chronic unemployment becomes even more broad based on the world stage, Macro Prudential Policies of Financial Repression will accelerate.

Increasing centralized planning and control by sovereign government will further push advanced societies towards collectism and statism.

ABSTRACTION

TABLE OF CONTENT - (To Assist in your Sectional Download Choices Below the Table)

LATEST LONG Wave TECHNICAL ANALYSIS ON FINANCIAL REPRESSION

Coming in July

 

STRATEGIC MACRO INVESTMENT INSIGHTS

Jim's recommended "Death of Money" portfolio is:
 
20% Gold
20% Land
10% Fine Art
20% Alternative Funds
30% Cash

 

 

 

 

 

Today's Tipping Points  || Audio/Video   ||  Presentations  ||  Commentary   ||   Understanding Abstraction   ||  Meet Gordon  ||   Subscriptions 

Financial Repression describes an economic policy in which capital controls and regulations are implemented by governments and central banks, the aim of which is to reduce public debt burdens through the distortion of financial market pricing.
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Complete Archives

HOW IT HAPPENS
1- Negative Real Rates
2- Disruption of Price Discovery
3- Mispricing of Risk
4- Sustained Financial Distortions
5- Restrictive Financial Choices
6-Confiscation of Wealth Through Inflation
Financial Repression always means a combination of measures that lead to a notable narrowing of the investment universe for investors. Money is thus channeled into specific directions to create a ‘home bias.
TOOLS USED
1- Monetary Policy
2- Distortions - Statistics, Reporting
3- Fiscal Policy - Budget Deficits
4- Moral Suasion - Political Pressures
5- Taxation - ROE, ROI
6-Regulators - Financial Requirements & Enforcement
7- Stealth Credit Spreads
8- Capital Account & Financial Excahnge Controls
PILLARS OF FINANCIAL REPRESSION
1- Strict investment regulations (Solvency II, Basel III)
2- Negative real interest rates g
3- Interest rate ceilings s
4- Open credit dirigisme
5- Nationalizations
6-Regulation of cross-border capital movementst
7- Prohibition of unwanted trading practices such as naked short selling
8- Compulsory loans
9- Prohibition of certain investment assets (e.g. gold)
10- Special taxes (e.g. securities taxes, financial transaction taxes, wealth taxes, higher value added tax on silver, import duties on gold etc.)
11- Direct interventions, such as government intervention in pension funds (Portugal, Ireland, France, Hungary) and subsequent redeployment of investments in favor of government bonds.
12-Growing discrepancy between financing costs of private sector participants versus governments.

13- Haircuts on deposits (e.g. Cyprus)

OUR COMMENTARY

THE BUYBACK TAX RUSE Its a Free Tax Ride for Corporations - 07 July 2021

Financial Repression Goes Global - 05 June 2021

INTERVIEWS

 

PRESENTATIONS

 

GRAPHICS

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VIDEO LIBRARY

 

 

 

PODCASTS
EDUCATIONAL AIDS

The term ‘Financial Repression’ was first employed by McKinnon and Shaw in 1973 and has been rediscovered in the course of the current crisis by Reinhart and Sbrancia in their paper “The Liquidation of Government Debt.”

Federal Reserve Must Print Money To Keep Interest Rates Low - Cliff Küle 05 June 2021

Financial Repression To Accelerate With Increased Desperation - KWN 24 March 2021

Monetary Policy Under Financial Repression: China's Long-Term Outlook Financial Sense 20 Dec 2021