Tradefair & Financials
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Here's what took place Whippet
Here's what took place Whippet
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melly melly melly
your really back to your ignorant self are'nt you. 'JW, I reread your last post and your arrogance has no bounds " shoud'nt that read " I melanus, my arrogance has no bounds,........  ps. Is not too hard to read posts written by a simpleton like you melly.  |
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If anyone (except Benny - it would be right over his head) wants to do something worthwhile this evening, take the time to watch this video and listen to what Jim Grant says in this brief interview on Bloomberg. Pay particular attention to what Mr Grant says starting at 2:18 min into the video. If you are not subscribing to Mr Grant's "Interest Rate Observer", I highly suggest you do. For those who don't have the time to watch this, or are too lazy to, allow me to sum it up. The FED is manipulating the markets and as a result they destroyed the market as a pricing mechanism.
http://www.bloomberg.com/video/71274340/ Here's a video Benny can watch: http://www.youtube.com/watch?v=9igQ18GIqvc |
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All a bit too Chicken Little maybe ?
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It all depends who ends up holding the bag at the end. The herd may turn left, it may turn right, it may go straight ahead or even go the opposite direction but inevitably the herd will end up where all herds inevitably do end up......in the slaughter house.
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You know that "analyst" that JW's firm uses as a counter indicator and has since been demoted working in the mail room, they better not fire him. Because when they wake up one morning and the futures are down 1000 points, and they wiped out a couple of years gains overnight, he'd be the only chap in the firm who actually can explain to them what really happened. Mark my words....
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Menelaus I think from memory , correct me if I'm wrong on this, that you have argued stongly and loudly in the past that you don't think the Fed is truly an independent structure.
In which case who do you think is really pulling the strings if this pricing destruction theory of yours is all correct ?. For sure I could imagine some short term benefits to a few manipulators, but for the life of me I can't see any long term ones. Or is it just a case of the usual Wall St/political short termism prevailing in all these types of financial matters. Or are you going deeper and saying that this is a deliberate plot by a small group of Machiavellian plotters to crash the whole world banking/finance system and pick up the pieces for virtually free at the end of it all ? |
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Actually I'm saying neither. I'm not a conspiracy theorist despite what everyone thinks on here, nor do I believe these "masters of the universe" have the brains to be able to plan and pull off a sinister stunt like that. My view is a lot more simple and grounded in fact.
The FED is trying to protect the current fiat monetary system, plain and simple. You would too if you were given the absolute power to print an endless supply of money without having to back it up with productive labor and also be allowed to manipulate interest rates which are supposed to reflect risk. Money is created as debt (PAY ATTENTION HERE BENNY) and the "system" as such requires exponential credit growth to survive (that's what compounding interest does). The minute this exponential debt/credit/money growth stops the fiat monetary system collapses, no different than any other ponzi system would come to an end. This is why deflation is the FED's biggest enemy. But not deflation as most posters on here understand it and define it, bank balance sheet deflation. That DEFLATION. That's why most poster's on here struggle to understand the true relationship between deflation and hyperinflation (Benny first in line when it comes to that, he kept putting up confused posts about "is it deflation or hyperinflation" which I didn't bother to respond to). Destroying the market's ability to be a true and well functioning price discovery mechanism is an unintended consequence but one that the FED will gladly see happen as opposed to the alternative....market crash. |
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If that last para summary is what it is all about, then most of the general populace should and would be very, very comfortable and pleased with the Fed's intervention and efforts. Or am I still missing something here ?
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melly melly melly
 'The minute this exponential debt/credit/money growth stops the fiat monetary system collapses," mmmmmmmmmmm that didnt work too well after QE2 officially ended.Dow UP 500 points since then. no collapse in USD as usual melly , you just can't graduate from economics 101.[:x] melly- you seem to be struggling without your canadian friend to back you up. Your posts are getting more and more .... well, how can I put this.....deluded. |
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And dare I say it benny you're looking more infantile by the minute.
If you just stuck to your gripe that M is not a born trader, then you might get a few more supporters for your opinion. Unfortunately the childish ( very unfunny btw) manner in which you are posting does you no favours at all. |
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sorry for the late post, i made the incredible mistake to put the alarm clock to watch argentina and i m been treated to an abysmal game. anyway, lets move on.
first for fine as frogs hair you have it completely wrong, mate. i dont know what qualities you need to have to be an analyst. but i can guarantee you that if you are a trader the last things you want to have is a temper ( and an ego ). you need to keep calm so to make always rationale decisions, when you start or when you cut a position ( thats the tough one ). the more experience you get under your belt, the more this relaxed attitude will show up. and thats how it s easy to spot a professional from an amateur. now for menelaus i think you have to rewind the thread and read everything. you get so annoyed when someone comes to reply to your statements that you forget to understand the basic meaning. the whole point of my original comment was to explain why the market had rallied. you want to believe it rallied because of some reasons ( mainly , the fed manipulating the stats, and the usg manipulating the markets pushing the short sellers in the corner with their bans and extra supplies ) i want to believe it s because of others reasons ( some kind of solution for greece and a rebound in activity ). so now by definition, should we see a series of bad numbers ( or a capitulation of greece and whoever else is next in line ) i would think we would reverse mechanically the upmove ( spx dropping, dollar, Ts and CHF rising, euro and oil dropping , the lot ) as "my" engines of the rally stall. what about you? if "your" engines are the lies of the fed propping up the markets, when do you switch position? when bernanke gets replaced? and in fact, out of curiosity, are you long or short these days? ( dont worry im not going to use you as a reverse indicator ) it took you 6mths between sep08 and mar09 to finally agree with me that a US crises meant a counterintuitive dollar rally ( incidentally, missing all of it ). this because you often lack the awareness of how the market functions. it s nothing to be ashamed of, at the end of the day you do different thing for a living. so, sometimes having someone to remind you on how market positioning, liquidity, and psichology work, i would think it should make you happy. else, really, i dont understand why you even post in a public forum.. to be told you re the clever-est person, or to actually try to grasp a piece of knowledge you didnt have? two more notes. 1)we all can read the ism tables. we all can make our minds. but werent you the one in another post - probably a month ago - saying that the ism was horrible? and pointing out that one of the components that had dropped most was inventories ? was it because of japan? how do ism inventories behave and are they forward or backward looking? would be great to hear your opinion here. 2)the arrogant tone in my post was to respond to your initial tone. i would suggest you not to start it if you dont want to have it back. never, though, i ended up trying to insult you, so please be careful and use a proper language with me. you go on and on vs whippet and mr ben about their 'ad hominem' that you can do better than offending when you finished your arguments. 3)im not a market maker, im a proprietary trader ( i know it s very confusing to you, and it s all numbers going up and down, green and reds, you remind me of my g/friend. a clue: they re polar different), and not in a shop or a boutique, but in an investment bank. again, considering what you complain others telling you, i would suggest you learn to respect your forum counterparties. anyway i thought everyone would appreciate this from 'things that can make you go mmmm' , on the 28th june. when menelaus get asked if 1-did he sell oil based on market manipulations 2- if he still was short 3- if he thought it was a temporary drop YES, my post (and others in relation to the same issue I put up) should have been self-explanatory to those paying attention....Bernanke talks in FED code, and to those who can interpret it, it clearly meant Oil and PM's were about to be assaulted big time. They were. Going short was the correct play. NO,the move still has legs, petrol prices in the US are not where they want them yet. YES, but I like "transitory" better....but yes, easy/cheap oil is out of the ground and burned, gone FOREVER. The FED can print money but not Oil and geology wins at the end. .... for someone who says he looks beyond the surface, deciding to go short a market ( the ALPHA market! )AGAINST his own strong opinions was a brave move. although it s so easy ( with hindsight ) to switch from 'fundamental-ist to 'surface-ist' im not sure i would call brave the decision to keep short. but i got the feeling we re going to hear menelaus switched to long ...exactly, let me guess...at the time ISM printed a rebound! but werent we supposed to buy back when oil at the american pumps was pushed much lower? if you werent real, we would have to make you up. by the way, rubbish game, but i def buy falcao and amero from colombia for chelsea. jw |
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what a pity froggy you do not apply your thoughs equally.
no mention of melly's comments of me? hardly a fair way to look at it is it? your biased comments does you no favours at all.Neither does your lack of knowledge. |
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JW
You're right I was talking about the dealer stereotypes as portrayed in the media. You know the dealing rooms with everyone running around, shouting fck, and generally behaving in loutish behaviour. But we all know that isn't really the way it is, or do we ? |
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Benny
I would agree that M's tirades against pretty much anybody on here who has the temerity to stand up to him or question him in any form or manner, are absolutely ridiculous. But to post as you do in response is just as ridiculous. That's all I'm saying. You should take comfort in the fact that he picks on everybody not just you. He is totally non-selective in this respect. Ffs if Ben Bernanke came on here, or Tim Geithner, he would try to knee-cap them also if he felt they were not kneeing down and prostrating themselves to the altar of his market opinions and views. But you do have to admit that that he is probably just a teensy weensy bit more knowledgeable about economic theorys, if nothing else, than anybody else who bothers to post on here. JW probably beats him hands down on day to day market reading and trading, but probably not even he would claim to know more than M regarding theoretical economics. |
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"-- not kneeling down and prostrating----"
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 excellent post froggy.  |
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I will respond to JW's post more fully later when I find time to do it justice. For starters though...
JW, you either have a very bad memory or as a minimum a very selective one. Your comment "it took you six months to agree with me blah blah blah...." is about the most outrageous lie ever posted on here. You are correct, you were the "strong dollar" advocate on here when I was posting that based on the FED's policies the USD ought to be shorted. The only thing you got wrong though in your post, I'm sure intentionally, is the time frame (nice piece of revisionist history by you). The discussion was taking place right around Mar 2009 and after, not before. Not a good time to be a USD bull when it went form around 89 at that time to about 75 today. Since we're are bringing up history, I need to remind of our first major "encounter" on here is when you posted "there's no inflation to be seen for at least 5 years" which I in turn in my uncompromising style called "the worse prediction ever posted on here" (there's been worse since, Benny was not about back in those days, he hadn't saved enough money from his lemonade stand to start trading yet). You have been "challenging" my posts ever since, instead in view of how things unfolded in this crisis simply posting ...."Menelaus, regarding that inflation thing, you were right". Why is this important? Because inflation expectations (or lack of) at that critical time would have driven most decisions on investment strategy. So getting that important facet on how to play the markets so glaringly and badly wrong (unless you are posting one thing and trading another), must have lead to disaster for you in the markets. Also, very briefly. When do I switch? Why switch? You are either too stupid, too proud, or too wanting to sell sophistication on here, when the ONLY strategy you needed to have implemented ever since the Chairman embarked in his monetary madness is....BUY THE F@#@ING DIP. And this worked despite a worsening economy, despite bad economic indicators, despite destroying price discovery, despite insurmountable debt issues, despite a still insolvent banking system, despite the explosive burden of trillions in unregulated derivatives hanging over the broad economy, despite natural disasters that would normally have a negative affect on the markets, despite the American housing market collapsing, I can go on but I think you get the point...... The markets have disconnected with the real economy. All there is now is FED manipulation and the herd following behind. (Did you watch the Jim Grant interview on Bloomberg I put up?) Those who have simply just bought the dip since March 2009 have outstripped the performance of most major heavyweights in the market (Hendry, Paulson, Bacon, Taylor, I can go on and on) and also I suspect the "market players" that you keep spewing on about on here but can't name when asked, and probably also pseudo-market gurus like yourself who try to time the inflection points by reading data they evidently don't even understand. As long as everyone reacts the same way, who cares what the data really means. More concerning our earlier debate later, if for no other reason than because I hate people like you that once they lose a debate, go back and "revise" the positions to their liking so we can start the debate all over again. |
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JW, first let me say, I don't have the time to engage in endless debates on here. And a debate becomes endless when the other party keeps shifting and redefining their position as the debate evolves by coming back with "may be I didn't make myself clear" or "may be I should have explained it better".
Here's what this debate was all about, and I'm going to paraphrase here for two reasons. One, the alternative is to go back and cut & paste direct quotes from the previous posts which is too time consuming and too difficult for others to follow. Two, the most brilliant litigation Lawyer I ever met once told me that successful litigators are those who argue their case in front of judge and jury in terms so simple that a six year old child can understand (this bodes well for Benny finally understanding a post on this thread). So here it goes... The essence of the original post that started this entire thread was captured in my statement " the FED is trying to create the illusion of recovery without the inflation". Prefacing this as "the crux of the matter" perhaps should have been your clue. The "without inflation" was the real money line in my statement but it went mostly unnoticed. That's neither here, nor there. Predictably, as you most often do whenever I post something, in your come like St. George riding on a white horse and carrying a long spear to slay the dragon. Your position: "It's a soft spot. I TOLD YOU SO BEFORE, the indicators are showing STRONG READINGS from Michigan to ISM" I proceed to debunk the fiction you posted. The Michigan number printed negative so what you posted was a glaring mistake and the ISM number was only positive on the surface. You couldn't challenge anything I posted, the analysis spoke for itself, but you come back with "yes, of course I KNEW that if you looked at inventories the data looked weak BUT it doesn't matter (funny how you didn't say that in the first place if you knew), it's confidence that counts, improving sentiment driven by the headline that matters". In other words, yes the FED is manipulating the market and we the herd follow (which intrinsically there's nothing wrong with, provided you can head to the exits first when someday the inevitable happens and the FED loses control of this charade). You then go on to totally hang yourself with this admission: "is the fed manipulating the numbers ? most likely", not realizing this debate comes to an end right there and then because THAT WAS MY ENTIRE PREMISE TO BEGIN WITH that you so vehemently attacked. JW, for me this entire "debate" was quite illuminating. Not about what was actually debated, but rather the issue you skirted and avoided debating. And certainly not in the sense that most readers ought to be questioning your credentials as a trader after posting utter nonsense, but your moral values as a person. Anyone who believes that an entire society should be pushed into destitute and depression otherwise it would be "calamitous for banking stocks" (I'm not paraphrasing here, this is direct quote of what you posted) should really have their priorities in life and their moral code re-examined. |
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Dow up another 70 last night.
If job numbers exceed expectation tonight expect 13,000 next week. That pesky Bernake again![smiley:crazy] |
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Sometimes you have to step back and say...."you know, there's some really amazingly stupid people in this world"....after that last post, this is one of those times.
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Bottom line it's all about job numbers isn't it ?
If people don't have jobs they won't spend. No growing consumer demand no real growth in the economy. Simple economics ?. Probably not, but I'm willing to learn from M as to why not. I'm not proud. I am effectively economically illiterate like 99.9999999& of the world's population, which would include an awful lot of very rich people who got rich despite not understanding any economics at all. |
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I'm starting to get about four hours a sleep a night. That can't be good.
FAFH, you are one my favorite posters on here to be honest, despite you continuing to give me thinly veiled shots. But I will have to disagree. No one is getting rich without understanding economics, paper wealth is not REAL wealth and most people are about to find out the hard way....except Benny of course, he makes money in his sleep. . What a moron.What we are experiencing is unprecedented.....and it will not end well. That you can be sure of, so.........protect yourself. Job numbers??? Don't get me going. If you peel the onion, there's nothing but rot underneath. I can elaborate but.....no one seems to understand or care. Good night, I'm really tired, I have to get some sleep. |
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Menelaus
Enjoy your well earned sleep. When you wake up, refreshed and bushy tailed I hope, you can further explain the following to me. I'm not talking about the accuracy of published job figures etc etc. I'm just asking whether it is basic economic sense to say that if the mass of people don't have real, secure jobs and real ongoing secure income flows from such jobs, they will not spend aggressively. And if they don't spend, who are all the manufacturers going to sell their products to, and so then the circle is complete isn't it ? Btw I'm rich, totally unleveraged, and could not earn another dollar in interest for the rest of my life without worrying about it. I am, however, worried about the destruction of all conventional asset classes by hyperinflation, as I don't currently own many wheelbarrows. And also, unnecessary to point out though it is, it's pretty obvious that I know nothing about economic theory. My money is professionally managed for me, and I just hope they all know what they are doing. I have requested low risk, low volatility type investments. I kave even asked for some Chicken Little type hedging. Is that all the best I can intelligently do ? |
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FASH, I think you know and understand a lot more than you lead on on this forum. I only have one thing to say to you because my posts in the future will be far and few in between. This road can ONLY end in one place. Hyperinflation. If there's one thing I'm certain about is that. If you think you are protected against that scenario, then fine. If not, you better start thinking about it.
Good night. |
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That was what I was scared you might say.
And it reassures me not one little bit. How do I really know I'm doing the right thing ever, if the powers that control Wall St don't seem to know either.? As I said on another post I've just finished the Roddy Boyd book on the collapse and Govt takeover of AIG. It just scares the hell out of me how incompetent so-called experts can be. I mean the FP division of AIG in particular. I think I'll just go and hit the cocktail cabinet again. |
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ok my last reply on the subject, hopefully
menelaus, why you got so upset and against me for turning bullish ( by the way, i was explaining why the market had turned bullish, you have comprehension problems otherwise), when we know now you been long all the way! in fact even better, you been buying the fkng dip! ( you watch too many cartoons, if you knw what i mean, and trying to be funny using other people s lines is the unfunniest thing ever ).. problems sorted, you re bullish and you keep buying, we re in the same camp. although you give the wrong impression most of the times, im not alone here remembering from you only the calls about shorting apple, or the spx, or general electric, or goldman sachs, once even gold before the fomc, or the alpha commodity: the oil! so you were buying the dip all the times while infact you been selling the rallies instead - which is diametrically the opposite strategy - you cheeky thing..but dont worry, it s all the same. and it was sooo easy too, just calculating exactly what is the dip and how long would extend, and voila', the new king of the markets is borne: venite adoremus! ehy, i cannot give a damn what you re doing, you re clearly lost in all of this ( to put it in the same context as you put it to benny, i ll take you seriously when you finally get the difference between trading revenues and proprietary trading revenues; or between buying the dip and selling the rally ), but in all of this you showed the other typical trait of the analyst: saying two things at the same time, claiming in the future to have called the right thing in any case. " the market will drop catastrophically, not before rallying tho" covers any scenario, as if it rallies, you said it, if it drops, the catastrophically will weigh much more than anything else. well done, you cracked it. i have to conclude with a reference to your other main problem, which is your continuos lying, even in front of evidence. firstly, the call on the dollar strenght was made here in september, cable was in the high 70s/low80s and eur in the mid 40s. that s for the record. we were discussing every day - few times a day - about markets, hyperinflation, spx going to zero, corporate america been bust, and ccies. easy for me to remember as i was on garden leave at the time and had time to type few posts a day, and we had a few interesting conversations with that guy , mr old, or mr big , the retired man who annoyed you every thread. you were even asking me what was my target ( 1.20 i think i mentioned, i wish i sticked to it ) and you were telling me to be careful as keeping the dollar was like holding a bomb in your hands, very powerful but risking to explode in my face anytime. couldnt have been march as i closed most of my shorts in the december euro rally ( locking anyway an almost 20 big figures movement ), and because in march i was at the new work place where i dont have betfair access to fk around all day onthe forum ( posting only in evenings and at night ). it did take you 6mths to understand the dynamics that link carry trading to liquidity to repatriation issues to volatility ( currency trading, in a nutshell ).. one day you finally decided i was right and you even told me you brought some of my posts to your office as they were very explanatory. bad luck you got someone with a strong memory on the other side of the argument. but lying comes very natural for you, to support your otherwise weak arguments. so we have that the american banks have a 100% score on their prop trading ( i didnt see any apologies for this misinformation ); we have the michigan which was a negative number ( at 71.5, a small drop from 71.8; by the way guess what, i did confuse it with the chicago, as michigan comes out 2wks earlier, so here come my apologies ); we have that the ism was clearly manipulated as all the other regionals were weak ( michigan at 71,5 stable and on the highs, chicago higher at 61.1 up 5 pts from prev month, milwakee better than expected, richmond idem; all in the same 2-3 days ). we have to hear how you go short oil , and when asked if you closed the position hear you expressively say no, only one day later to read in other posts that yeah of course you closed it! we have to read that you go short gold thru the gll, and you close it at the best price after the fed release, not realizing that whoever got bloomberg can check the quotes and see who traded and at what price (unless of course, you have the license of market maker..;-), v funny, boom! now about inflation. in the us the cpi went from 220 to 226 in the last 3yrs. that s not what i call inflation ( and dont give me the story of the higher bills, in the same thread where you mention the falling house prices ). you were banking on inflation as money supply was increasing, but i always been of the opinion that if there s an output gap in the economy you cannot have inflation. output gap is closing now, cpi is now in the mid 3s. for the records, in aug/sep 2008 the cpi (calculated with the methods you always dispute) was running above 5%..so an average 2% rate when we were used to a 5% world - same calculation agents- it s what i call a significant drop. ehy, at the end of the day, in the thread where you were laughing at bill gross, werent you implicitly saying that shorting Ts was a ridicolous trade? lastly about the fact that i conceded that the fed manipulates or not the releases. i hope you realized i did the same with you as what you probably do with your daughters, in order to keep them happy and quiet. good luck anyway tomorrow with the nfp and the rest. to you and all the others. i wont post for a couple of days, so you re welcome to comment in themost abusive way possible knowing you wont get a reply from me. jw. |
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Btw JW in dealing rooms you just front run don't you ?
On prop desks you have to have some sort of original thought ? |
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what a beautiful post by JW there.
game set and match to JW. Melly you now face relegation to the juniors. |
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I have only one deep question on your last post.
What on earth is " garden leave " ? Btw I also have to admit that you do a very nice line of vitriol. Maybe not quite up to M's standards but getting there. Must come with the territory. |
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Benny
I can see you're obviously not an experienced sports better. To use a very, very tired cliche. It's not over till the fat lady sings. Btw do you understand ALL this stuff. I sure as hell don't. Makes me feel totally inadequate. Not you ? |
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JW, just a few points so we can bring this to a close:
1. Any fool can come one here and "turn bullish" at the tail end of the sharpest turn around we've ever seen on the markets. Next time impress me by posting before the move, not after. 2. You can also impress me by posting an original thought one of these days, not parroting what the financial blow horns are saying. 3. Next time you debate have the decency to debate the facts, to debate exactly what the other person has said and argued, not make up things as you go along. Putting words in the other persons mouth and then denigrating them is not debating, it is lying. 4. You apologized about getting something wrong, surely it can't be. You confused one survey for the other, surely it can't be. The great JW confused about something, surely it can't be. It took you five posts to admit it but at least finally you did, may be there's hope for you after all. 5. You sound confused about inflation, no wait, wait, may be you mean inflation excluding food and fuel, that inflation, now I get it. How did that "no inflation for five years" work out for you? 6. You conceded directly by saying this: "about the fact that i conceded that the fed manipulates or not the releases. i hope you realized i did the same with you as what you probably do with your daughters, in order to keep them happy and quiet." 7. You conceded indirectly by saying that: "i wont post for a couple of days, so you re welcome to comment in themost abusive way possible knowing you wont get a reply from me. " 8. And finally, learn how to write properly. Trying to read a sentence that should have ended 50 words ago doesn't help your cause. Next time you want to debate me don't make it about the US economy. You'll come out the short end of the stick every time, like you have been forever and a day on this forum. I'll stick by what I said earlier, this debate was illuminating for me. Not about you as a "master trader", about you as a person. Looking forward to reading your "morning after" predictions in the future. |
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Nothing like a gracious winner/loser.
The trouble is I'm having great problems who is what in this whole debate. Tbh I like'em both. One thing is for sure, they both outstrip anybody else on here for real content and meaning. If they don't make a few on here rethink why they are even thinking about using their real money in the financial markets on the strenghth of their own amateur "skills and experience", then they are living in cloud cuckoo land. Walter Mitty would have to be their one and only role model. |
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probably your most outrageous post yet melly. You are clearly feeling under pressure after JW so expertly exposed you for your continuous lies, backflips, lack of recognition of evidence etc etc
Menelaus JW, just a few points so we can bring this to a close: 1. Any fool can come one here and "turn bullish" at the tail end of the sharpest turn around we've ever seen on the markets. Next time impress me by posting before the move, not after. omg omg omg, this coming from the biggest aftertimer on here.The only thing you ever posted b4 the event was AAPL melly, when ask dozens of times by differnt posters to post SOMETHING in advance- you have all too convieniently ignored them.2. You can also impress me by posting an original thought one of these days, not parroting what the financial blow horns are saying. this coming from someone who ad nauseum post links to reports and articles to support his own selective arguments.Lord give me strength.3. Next time you debate have the decency to debate the facts, to debate exactly what the other person has said and argued, not make up things as you go along. Putting words in the other persons mouth and then denigrating them is not debating, it is lying. this coming from someone who has been exposed over and over as a blatant liar.4. You apologized about getting something wrong, surely it can't be. You confused one survey for the other, surely it can't be. The great JW confused about something, surely it can't be. It took you five posts to admit it but at least finally you did, may be there's hope for you after all. this coming from someone who has only ever got one thing right here and posted so many error, mistakes, incorrect assumptions, failed results and who has NEVER NEVER NEVER once admitted to being wrong, despite a tsunami of evidence.The gall of you melly- really.  JW is one step ahead of you by admitting he got something wrong btw. 5. You sound confused about inflation, no wait, wait, may be you mean inflation excluding food and fuel, that inflation, now I get it. How did that "no inflation for five years" work out for you? [>o][>o][>o][>o][>o][>o][>o][>o] yes right melly, one week its hyperinflation, the next its deflation from you. You really have zero idea what inflation is OR where its going. 6. You conceded directly by saying this: "about the fact that i conceded that the fed manipulates or not the releases. i hope you realized i did the same with you as what you probably do with your daughters, in order to keep them happy and quiet." 7. You conceded indirectly by saying that: "i wont post for a couple of days, so you re welcome to comment in themost abusive way possible knowing you wont get a reply from me. " [:x] abusive posting is all melly knows how to do. 8. And finally, learn how to write properly. Trying to read a sentence that should have ended 50 words ago doesn't help your cause. [:x]your arrogance knows no bounds melly. Forum rules state that correct spelling, sentence structure and punctuation ARE NOT a requirement of posting. Only the most arrogant and self obsessed point out such things in their desperation to feel superior. JW slaughtered you melly.Accept it and try to improve. Your self appointed reign was over long ago.You need to accept it. After you latest post you are now officially in the " try hard" catergory. Suggest you email canadian for advice. |
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Benny, you are displaying classic stalker symptoms. Wait until the person you are stalking posts something and come right on top with your own post full of garbage and insults. As long as you continue to shamelessly show your face on here and prove what a massive ignoramus you are, I will continue to ask the same question:
How you figured out how money gets created yet? |
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Have
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Pardon me, Benny, I have to give credit where credit is due. You haven't a clue how money gets created but you DID post how money gets destroyed. Here is it and thanks you for posting that.
Mrben Joined: 25 Oct 03 Replies: 2828 25 Jan 11 03:09 Im with you there johhnie re gold.Im thinking the same as whippet, first stop around 1250, the lower and lower I have a long range bet based on gold going under 1000 in the last 3 mths of 2011 and the first 3 mths of 2012. |
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I suggest people just block this idiot troll, I've had enough of hearing his cr@p.
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i had him blocked b4 pierre but you miss his drivel after a while.I mean we all need a good laugh right?
FYI-- after mellys dingbat mate canadian started posting on the aussie forum , a few members there began to look through his posts in general. A number emailed me with their thoughts. I wont repeat the exact words but this one springs to mind- ' who are these twits canadian and melanus? following each other around like a pair of rabid dogs? another" those two are a waste of oxygen" i sort of had to concur  |
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GOLD $1,544
Awesome call Benny. You are solidly in the lead for "MOST CLUELESS POST OF THE YEAR" award. You got my vote. |
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Menelaus
Please give up on the lot of them. Just let them do their thing, and let others choose either to listen to them or ignore them. And vice versa. Time will tell who was more right, and whom people would have been best advised to read and learn from. I think you know which camp I fall into, but it's not really important one way or another. You're posting with the honest intent of trying to inform and assist people. You're not telling they must believe or follow your opinions. Let them choose freely. That's the bottom line. Listen to every point of view/opinion you can, and make your own choices if you want to do your own trading/investing. In my case, you and JW provide me with good questions to throw at my advisers. In fact they're starting to wonder where the hell I'm getting all of this " intelligent" stuff from all of a sudden. Do you think I should reveal from a forum on a gambling company website ? Maybe I will. Would like to see their reactions tbh. |