The New Depression and Corruption of Capitalism

By: Gordon Long | Thu, Nov 7, 2013
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Cartoon: Debt

Special Guest: Richard Duncan
41 Minutes, 37 Slides

Richard Duncan: The New Depression

Since 1968 Money has become irrelevant. Forget M1,M2, M3 MZM etc. What matters now is CREDIT. We are in an uncharted era of Creditism.

The Dollar Crisis Book cover

The Austrian economists believed that economic cycles are driven by credit expansion; and that economic booms end in depressions when the credit ceases to expand.

They were right!

Then and Now

With the clear thinking of a trained lawyer, Michael Snyder in four articles in Part I points out the startling realities of what is shaping our world. In Part II Michael ties these together with his views and interpretations. His conclusions fit very well within the Globalization Trap Model developed by GordonTLong.com.

The Corruption of Capitalism


Policy Responses: Designed to Prevent Total Credit Frfom Contracting


In This Age of Fiat Money

Investors Must:

  1. Monitor Credit Growth and government policies that affect credit growth. Any development that slows credit growth will harm the economy.
  2. Monitor Liquidity, i.e. the balance between the demand for and the supply of paper money. If the US budget deficit (demand) is less than the size of QE and the US Current Account deficit combined (supply), liquidity conditions will be favorable and asset prices will tend to rise.


Video: The New Depression and Corruption of Capitalism


41 Minutes, 37 Slides


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Gordon Long

Author: Gordon Long

Gordon T. Long
Publisher - LONGWave

Gordon T. Long

Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public.

Mr. Long was a senior group executive with IBM and Motorola for over 20 years. Earlier in his career he was involved in Sales, Marketing & Service of computing and network communications solutions across an extensive array of industries. He subsequently held senior positions, which included: VP & General Manager, Four Phase (Canada); Vice President Operations, Motorola (MISL - Canada); Vice President Engineering & Officer, Motorola (Codex - USA).

After a career with Fortune 500 corporations, he became a senior officer of Cambex, a highly successful high tech start-up and public company (Nasdaq: CBEX), where he spearheaded global expansion as Executive VP & General Manager.

In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. A focus in the technology research field of Chaos Theory and Mandelbrot Generators lead in the early 2000's to the development of advanced Technical Analysis and Market Analytics platforms. The LCM Groupe is a recognized source for the most advanced technical analysis techniques employed in market trading pattern recognition.

Mr. Long presently resides in Boston, Massachusetts, continuing the expansion of the LCM Groupe's International Private Equity opportunities in addition to their core financial market trading platforms expertise. GordonTLong.com is a wholly owned operating unit of the LCM Groupe.

Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) in Thermodynamics-Fluid Mechanics (Aerodynamics). On graduation from an intensive 5 year specialized Co-operative Engineering program he pursued graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship. He was subsequently selected to attend advanced one year training with the IBM Corporation in New York prior to starting his career with IBM.

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

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