The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

NOTESlides Are for discussion and educational purposes ONLY!

Do not Trade from Any of these Charts.

The participants are not giving investment advise nor should be construed as such

Always consult a professional investment advisor before making any investment decisions.

Macro AnalyticsFebruary 15th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

CHOKE POINTS - MILITARILY

Macro AnalyticsMarch 8th, 2014

THE STRATEGIC MILITARY HEART OF WESTERN RUSSIAN DEFENSE

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

PUBLICATIONS:

LNG WARS: Ukraine & Syrian Choke Points

CHARLES HUGH SMITH

AFRICAUkraine: Follow the Energy

DEEP STATEUkraine: A Deep State Analysis The Dollar and the Deep State

RESPONSEHow the Empire Might Strike Back

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

CHOKE POINTS

Russia’s Entire Energy Complex feeds this Choke Point

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

CHOKE POINTS

WHAT’S ALL THE NOISE ABOUT IN AFRICA?

Short Answer: A GAS PIPELINE

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

CHOKE POINTS

Saudi Arabia & Qatar are funding Syrian Revolutionaries

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

CHOKE POINTS

An Economic and Social Problem

• Ukrainian food costs have shot up, • A shortage of jobs

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

Macro AnalyticsMarch 8th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics

NOTESlides Are for discussion and educational purposes ONLY!

Do not Trade from Any of these Charts.

The participants are not giving investment advise nor should be construed as such

Always consult a professional investment advisor before making any investment decisions.

Macro AnalyticsFebruary 15th, 2014

UKRAINE: The Energy, Economic & Military Choke Point

DISCLOSURE STATEMENT AND TERMS OF USE

THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY.

This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine the risks associated with investing of any sort and whether investment programs are suitable for you. You should never invest or consider investments without a complete set of disclosure documents, and should consider the risks prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make are your sole responsibility.

THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics