An analysis on the current debt levels and its effect on the economy of the world followed by analysis on the gold and oil market.

1. The Return of Depression Economics
By Nico Omer Jonckheere
November 6th
, 2015

2. Do You Know What Is The BIGGEST
PROBLEM Facing The World Today?

3. Global debt levels have
reached an astronomical
$199 trillion,
representing $27,200
owed for every single
human on the planet.

4. Here is the state of debt across 47 nations – 22
advanced and 25 developing:

5. AMERICA is BANKRUPT and on borrowed time.

6. You can see from the chart above that despite the hiccup in 2008-
2009, the central planners are determined to continue inflating the
GLOBAL PONZI DEBT SCHEME.

7. Where does this leave America and really the rest of the Western
world whose data will mirror the US?

8. If the chart below looks INCREASINGLY EXPONENTIAL, that is not a
coincidence.

9. China’s total debt has
quadrupled from $7
trillion in 2007 to $28
trillion in the middle of
last year…

10. … and Japan’s debt-to-gross domestic product (GDP) ratio reached an
eye-popping 230% last year.

11. A “Saturated World”

12. The global economy is
stalling, not withstanding
the massive monetary
“stimulus” that has been
thrown at it by the central
banks.

13. As the old adage goes “you get what you pay for” and when the
world is offering ‘money’ for free, one can only surmise its worth is
also close to zero…

14. The War Against Deflation
”I’ve said all along that the Fed will not tolerate deflation,
and that it will do whatever it takes to keep the US economy
from deflating. On this basis I do not expect the Fed to raise
rates this year or next, and it would not surprise me to see
the Fed bring in QE4 or something like it.”
-- Richard Russell

15. Growth of Central
Bank Balance Sheets

16. This next chart is not a prediction, but is illustrative of the
exponential nature of the next phase transition of Fed monetary
policy.

17. Historically, actual “HYPERINFLATION”, meaning a
currency officially plunging-to-zero, is “a
confidence event.”

18. If this is the ‘recovery’ just what will the next recession look like?

19. Here is a chart that illustrates US economic activity on the
production side.

20. Is This A Global Industrial
Depression?

21. My Favorite Investments

22. Commodities have plunged to the lowest level since 1999!

23. While relative to history, the space is under-owned – by a lot:

24. OIL

26. Global inventories will pile up further and demand will not cut
into the surplus until late 2016 at the earliest.

27. Any realization that the Middle East is suddenly a far more violent
powder keg – one which may promptly include the Saudis in any
confrontation – could result in an epic short squeeze.

28. Does this look like an accidental relationship to you?

29. This Is a Very High Probability Location for a Base to
Develop

30. The RSI indicator is showing significant positive divergence to the oil
price which is supportive of expectations for a trend higher.

32. GOLD

33. Gold and silver are safe havens within
periods of economic uncertainty. As
you know a global financial crash
creates economic uncertainty. It is time
to GET OUT OF PAPER AND INTO
TANGIBLE ASSETS.

34. Source: www.smartmoneytracker.blogspot.com

35. Source: www.clivemaund.com

36. Source: www.smartmoneytracker.blogspot.com

37. The gold shares to gold ratio is now at the bottom side of a 44-year
down channel and it’s formed a several decade falling wedge.

38. Hedge funds are desperate for gains and as gold and gold stocks
start to rise, I believe that gold stocks will turn into the new
‘momentum class.’

39. J Resources

40. History Doesn’t Repeat Itself But
It Does Rhyme

41. Gold Bullion “Extremely Rare”

42. In contrast to fiat currencies, gold supply has grown by only 1.6%
per year. This clearly underscores its relative scarcity!

43. Follow us @researchvaf and @researchvas on Twitter
You can also see more of my writings at
nicoomer.blog.kontan.co.id
You can find all our presentations at
slideshare.net/valburyasia
THANK YOU