©EverBank® 2009.1

Different Colored Lipstick: Same Pig

Chuck Butler,President

EverBank World Markets

©EverBank® 2009.2

Please remember:• All comments and opinions are solely those of the speaker and are

not in any way comments or opinions of EverBank or any affiliates. Additional information is available upon request.

• Information in this presentation has been obtained from sources believed to be reliable, but the accuracy, completeness and interpretation are not guaranteed and have not been independently verified. Opinions expressed are subject to change without notice and, due to the rapidly changing nature of currency markets, may quickly become outdated.

• The opinions and information presented do not constitute a solicitation for the purchase or sale of any securities or options on securities. The speaker or EverBank may hold positions from time to time in assets discussed during this presentation.

• Past performance is not representative of future performance.

For the legal beagles

©EverBank® 2009.3

• 35 years experience trading foreign currency, metals, and bonds

• EverBank World Markets- over $1B in metals and foreign currency assets

• Author:The Daily Pfennig: www.dailypfennig.comCurrency Capitalist: www.worldcurrencywatch.com

Why listen to anything I say?

Chuck ButlerPresidentEverBank World Markets

Quoted on:

©EverBank® 2009.4

“It's obvious to me that Barack Obama is following precisely in the footsteps of FDR. One item that Time magazine left out of their special issue is that through a series of gold-related actions, which culminated in the Gold Reserve Act of 1934, the US realized a dollar devaluation of 41%, when the government officially raised the price of gold from $20.67 to $35 an ounce.”

Richard Russell’s Thoughts

©EverBank® 2009.5

“On the economics, Obama can't pull off an official devaluation of the dollar, but by spending trillions of dollars in his plan to defeat the bear market recession, he is de factor devaluing the dollar against other leading world currencies.”

Richard Russell’s Thoughts

©EverBank® 2009.6

Different colors of lipstick

©EverBank® 2009.7

National Debt

YOUR share of the national debt

©EverBank® 2009.8

Baby Boomers and Social Security

% of income tax revenue• 2008- 14%• 2020- 27%

and so on and so on

CBO estimates to balance spending (tax rates)• 10% = 26%• 25% = 66%• 35% = 92%

Since 1970, social security and Medicare spending has outpaced GDP by 2.5%

©EverBank® 2009.9

Alice Rivlin

The long term budget outlook: Impending Catastrophe

©EverBank® 2009.10

"No one needs to remind this Committee that the outlook for the federal budget is worrisome indeed, scary. Long before the financial crisis and the current deep recession, this Committee was anxiously pointing out that current federal spending and revenue policies are on a risky, unsustainable course. Promises made under the major entitlement programs (especially Medicare and Medicaid) will increase federal spending rapidly over the next couple of decades, as the population ages and medical spending continues to rise faster than other spending. Federal expenditures are projected to grow substantially faster than revenues, opening widening deficit gaps that cannot not be financed."

This is an Impending Catastrophe!

Alice Rivlin’s Thoughts

©EverBank® 2009.11

Start withSurplusMove to DeficitCrisisBail OutsLess tax/More support

This little piggy…..

1999 - Forecast for 2009$850MM surplus

Surplus

Deficit

$1.2 trillion

2000 – 2001 downtown –$291 billion2000 – 2008 Bush domestic plusIraq / Homeland$673 billion2007 – 2008 recession$479 billion

2008 Bail Outs$185 billion (and counting)2008 Other continuing$232 billion2009 Year One Obama$201 billion

©EverBank® 2009.12

This little piggy…..

ObamaCongressU.S.

TaxpayerBig

Government

©EverBank® 2009.13

How to Prepare

‘Old School’ Asset Allocation

Source: Franklin Templeton online

‘Global View’ Asset Allocation

©EverBank® 2009.14

Marketsafe BRIC CD

• BRIC countriesBrazilian RealRussian RubleIndian RupeeChinese Renminbi

• Benefits:• 100% principle protected- Unlimited upside/NO downside• Low minimum deposit• No account fees

• Deadline- August 18th (cash has to be in the bank)

©EverBank® 2009.15

Indicators of a bad economy

12. CEO's are now playing miniature golf. 13. I got a pre-declined credit card in the mail. 14. I went to buy a toaster oven and they gave me a bank. 15. Hotwheels and Matchbox car companies are now trading higher than GM in the

stock market. 16. Obama met with small businesses - GE, Pfizer, Chrysler, Citigroup & GM, to

discuss the Stimulus Package. 17. McDonalds is selling the 1/4 ouncer. 6. People in Beverly Hills fired their nannies and are learning their children's

names. 5. The most highly-paid job is now jury duty. 6. People in Africa are donating money to Americans. Mothers in Ethiopia are

telling their kids, “Finish your plate; do you know how many kids are starving in America ?"

7. Motel 6 won't leave the lights on. 2. The Mafia is laying off judges. And the top indicator: 1. If the bank returns your check marked as "insufficient funds," you have to call

them and ask if they meant you or them.