Former Stockbroker. Market Analyst for 13 Years. Over 2500 hours live television. Thousands of pages published.

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1 This material has been prepared by a sales or trading employee or agent of R.J. O Brien and is, or is not in the nature of, a solicitation. This material is not a research report prepared by R.J. O Brien s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that R.J. O Brien believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

2 Former Stockbroker Market Analyst for 13 Years Over 2500 hours live television Thousands of pages published

3 Taking It Global: Which Currencies to Play Now

4 Fundamentals Technicals Hedging/Trading/Investing Taking Action

5 Country: Japan Currency: Yen Direction: Short

6

7 -Debt More Destabilizing Than Any Other Developed Nation -IMF Deems It Unsustainable -Even Half of Austerity Needed Would Collapse Economy

8 Budget 50% Financed From Taxes 50% Financed Through Newly Issued Bonds 24% Goes to Interest on Bonds Already Outstanding Adding Even More Debt to Unsustainable Load

9

10 Largest Debt Lowest Interest Rates Formula for Disaster

11 Much Stronger Economic Growth Inflation The Math Barely Works with All Three Combined Higher Taxes

12 Inflation Remove 1 of these and odds of default increase dramatically! Higher Taxes

13

14 Fastest Way To Resolution: Debase Currency This would: -Make Exports Cheaper -Reduce the Real Value of Debt Outstanding

15 TV

16 TV

17 TV

18 TV Our Current Play: Cost/Risk: $800 + Transaction Costs Potential to Gross: $6,250 if first downside target is reached.

19 Hedging: Business w/ Japan or Hold Japanese Currency Hedging: Use Options to Hedge Current Cash or Forex Positions

20 Trading: We ll do this for you with your approval of action. Trading: You don t have to be married to a position. Enter/Exit at will. Liquid.

21 Investing: Want to hold currency other than USD? -We can hold your cash in Major Currencies! Investing: We can design long term strategies with fixed risk and lesser capital exposure than many other vehicles.

22 Additional Thoughts: Region: Europe Currency: Euro Direction: Short-Near Term

23 Country: Australia Currency: Australian Dollar Direction: Long

24 Full-Service Broker Trade Currencies-Pure Play-Fixed Risk-Liquid Move Out of $USD Hedge (Stock Market, Metals, Currencies) IRA and Business Account Friendly

25 This material has been prepared by a sales or trading employee or agent of R.J. O Brien and is, or is not in the nature of, a solicitation. This material is not a research report prepared by R.J. O Brien s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that R.J. O Brien believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

Former Stockbroker. Market Analyst for 13 Years. Over 2500 hours live television. Thousands of pages published.

Former Stockbroker. Market Analyst for 13 Years. Over 2500 hours live television. Thousands of pages published. This material has been prepared by a sales or trading employee or agent of R.J. O Brien and is, or is not in the nature of, a solicitation. This material is not a research report prepared by R.J. O Brien

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