your a real contributor carlos

maybe spending too much time on the boxing threads has knocked your half pea brain around in your cavernous skull.

fk off.

Froggy

"His knowledge of economic theory is not in debate,"

I hotly debate that froggy.

Mellys view is simplistic in the extreme.

money printing=hyperinflation=economic collapse.

I think when I did first form economics arounfd the age of 13 we learnt this.

Thats about the standard of mellys argument.

Dropping  names and endlessly ranting the same mantra over and over does not make for a high intellect argument.Im surprised anyone could fall for it.

  The "possibles" are endless.No one knows.

The assertions that the "banking cartel"  will get their "mates out" leads to the question of once they are "out"- where will they go?

  Will they step into some microcosm economy where only they exist, unharmed? What a load of utube rubbish.

Mellys assertion that only he "knows" carries him a long way in this fantasy argument.Giving him the illusion of being " special".

  Why do you think he  claims the client seth klarman? To attempt to give him "special credibility"- seriously who fell for that? No one here except the intellectual giant  carlos monzon it seems.Farce.

Mellys favourite line" this is happening blah blah blah, you just have'nt clued in yet.But I melly am not only clued in but I am involved through my special contacts"

  come on, I think polybot nailed it perfectly, melly considers himself some kind of special economic ninja with special powers that on  he has and the rest of us are just cannon fodder.
Melly is a total and utter fantasy boy.

One thing that surprises me is that anyone gives him the time of day to his posts.Every single one of them is a joke with holes big enough to sail the Queen Mary through.

  Melly knows nothing more than your average high school economics student.He has revealed not a single "insight" that is not common knowledge.Not one. He is incapable of an independant conclusion because his IQ is circa 65.

  Now I think I will fly off in my private jet to have lunch with Donald Trump in the Maldives.

Btw Menelaus is an economist for sure, a tag I wouldn't want to be stuck with for the world.
They are the most out of touch people in the world when it comes to investing money.
Paralysis by analysis is what comes to mind.

I haven't reached a final conclusion yet but the evidence is certainly stacking up regarding Menelaus. I find this question about his knowledge of economic theory particularly interesting because he talks a lot about his special knowledge which is far beyond the likes of mere mortals to understand but as yet I am inclined to agree with Mr Ben that his knowledge appears rudimentary. In fact I would go further. FineAS describes us as having an intellectual debate but in truth on this thread I have been trying to assess whether he is fit to hold an intellectual debate with anyone and I have to say it doesn't look good.

However, in attempting to shed light into the dim and dark recesses of Melly World I do appreciate that this discussion may be a bit dry for some. By drawing from another sphere hopefully I can enlighten my problem with him at the moment (no patronising intended but I find it useful to break things down simply before building them up although I think I might have a few pieces left over when I have finished with menelaus).

So this is how I see where this discussion has gone:

Menelaus - That Alex Ferguson is the best manager in the game bar none. Just look at the number of trophies he has won. The teams he builds play great attacking football. The stadium is one of the best in the world and 70 odd thousand fans turn up for every game. They definitely put every other team in the the shade.
Me -  Secret Manc alert
Menelaus - Undoubtedly. I'm a lifelong follower of the blue moon.
Me - (thinks to myself. Hang on a minute. Did he just say blue moon? Now I'm confused. Lets drill down into this a little more) So you are a city fan?
Menelaus - This discussion is far above your intellectual capacity to grasp. You are clearly an idiot. The fact that you can conclude that I am a city fan from what I have wrote shows how inadequate you are. Could you not detect from what I said in my opening post where my allegiances lie?
Me - (again thinking to myself. Well I thought I did. Try a different approach) Okay. Tell us more about the club you love.
Menelaus - Gladly but prepare to be dazzled mere mortal. The reasons why I love the mighty blues is the history surrounding the club. The names evoke such memories, Revie, Wilkinson, Bremner, Batty. The words just trip off the tongue.
Me - (once again to myself. This guy has been trying it on with people so long that not only has he convinced himself of his own brilliance but others have been taken in by him). I think there may be some confusion here.
Melenaus - You are damn right. I knew you didn't belong here.

Bringing it back into the economic theory sphere as has been pointed out by others there are various schools or teams. Different people within the teams may hold slightly different views but they broadly subscribe to some overarching principles which they usually have in common. Using the football analogy again it is similar to Rooney and Ferdinand fulfilling different roles but within the same team.

Menelaus starts off in his opening post with almost a textbook view from what is known as The Austrian School. I personally have a lot of sympathy with some of their views but they are very old testament, full of fire, brimstone and moralistic, apocalyptic visions. They like their meat raw. Like those who subscribe to an old testament way of seeing things they see a reckoning coming but they can't tell you when but it sure is going to be bloody and they will love it because they and only they have had the foresight to book a ringside seat. Pure menelaus.

So far so good and so far pretty simple.

Then he confuses the issue with talk of monetary theory because anybody talking in that way is likely either to be a Chicago School devotee or a Post Keynesian. Which may not mean much to some people but it is a bit like watching someone ride one horse into a stream and then try to change your horse for a pig midway through. There are so many differences between them and between them and the Austrian way of looking at things but one of the most striking is that they don't necessarily see things in apocalyptic terms. They may be their own kind of Bible bashers but these are New Testament kinda guys. Jesus loves us and we will be saved. In short they see a way out.

Drill down into it further and everything falls away. He cites Keen as his hero. Now as I pointed out Keen is clearly a man of high intellect and to some extent he diagnoses the problem in a similar way to an Austrian. However, there are big differences. An Austrian would say, "Look buddy this leg has got an infection. It's going to kill you. Now man up." Whereas Keen will whip out his medicine bag and give you a huge injection full of steroids and antibiotics and sit by the bedside holding your hand waiting for the fever to subside.

Which brings us back to menelaus. I can't be the only one who finds his position puzzling. From an uncompromising position of, "this sucker is going down and all you can do is prepare yourself." We now find that his biggest single influence is an economist advising us of what he considers a way out of the mess. Now I don't agree with his prescription but given the fact that menelaus is screaming at us to ring the undertaker I find his belated conversion to the healing powers of medicine interesting but very very puzzling.

Over to you menelaus. Think carefully before your next move.

Still far too much heat and no light:

You say it is a mathematical certainty that this sucker is going down. Keen advocates a potential solution.

Who is right?

Pretty  obvious answer to that EO.
All other economists' views are correct if and when they converge with Menelaus', and are incorrect if and when they diverge.
Simple as.

Also that it is a sign of intellectual inferiority to split an infinitive, as I repeatedly seem to do.

Or more specifically a disciple of Mises.

For sure but he has a ready made hero in Mises. Perhaps Mises isn't sexy enough for our gold hugging hero who can leap tall buildings with one bound and accurately predict the fall of empires.

You say it is a mathematical certainty that this sucker is going down. Keen advocates a potential solution.

Who is right?



You write well for someone very ignorant but evidently you didn't develop the same level of skill when it comes to comprehension.

Let me break it down for you.

I've already posted that Keen is brilliant when it comes to identifying the problem and horrid when offering a solution. So asking "who's right?" is a feeble and failed attempt to provoke or you are simply even more clueless than I originally thought.

I also posted this:

It makes you wonder how the same brilliant mind could have come up with such a flawed idea. I won't give you the answer to this one, if you know post it for all to see. How does this "jubilee" actually take place, why is it such a bad idea, and what are the implications that Keen ignores? Or, I suppose you thought we all wake up one morning to find out that someone(Gov't? CB? Banks?) decided that anyone who owes money, well, just doesn't owe anything anymore? Get to work.


You failed an open book exam. You could have researched, try to google the answer, read some magazines, take a box of chocolates to your nearest librarian and beg for the answer or even try to call Keen himself but you still came up.....EMPTY.

Your are all fluff and no substance and you are starting to bore me.

Everyone who's thought important enough to have their name appear in the media describes this financial crisis as a "problem". The word "problem" subconsciously suggests that there is a "solution". That's precisely what they want mugs like you, and the "we'll muddle through" I-have-nothing-to-say-white-space guy, to think. This isn't a problem, it's a predicament without a solution.

What non-armageddon scenario has interest rates at ZERO (remember we're on a dollar standard, in case that last sentence confused you) for four years now, with no end in sight? What scenario says that money……costs nothing?

What non-armegeddon scenario has every significant central bank expanding the money supply with no end in sight, and without making a dent on this monster?

What non-armagedon scenario has central banks throwing close to 50 trillion at this "problem", yet here we are not a step further in creating real growth?

I could go on but hopefully you get the point. You're not stupid after all, just hurt and not literate enough in economics to post a credible opinion on a financials forum.

It's over.


When there is an exponential divergence between real economic growth and debt/credit expansion (that's what we've had for 30 years), and a monetary system that relies on exponential organic growth to pay the coupon and avoid the ultimate margin call, collapse is certain. Go back and read that last sentence over a few times……CERTAIN. All things, including credit revert back to the mean. Debt has continued expanding while real organic growth has receded. That's what "financial engineering" did through the creation of a fictitious wealth, a mountain of derivatives that dwarfed real production. There's no way out. It's over. Most people like you don't see it because the banking cartel is trying it's damnedest to prop this dead corpse up until a miracle comes along. No miracle is coming.

There's only two paths to choose from here. Allow the bad debt to clear the system, allow banks to fail, the financial system collapses, faith in fiat money is lost. Or, hyperinflate the debt away, the financial system collapses, faith in fiat money is lost. Both paths end up at the same place. The outcome is predetermined, all central banks are doing right now is buying time, hoping for a miracle. Then they'll choose the second path, because it has always been their choice in the past. The only difference is that this time it's global. After all, there has *never* been a single example of a financial and/or currency collapse, ever since banking cartel invented the concept of coloured paper created out of thin air as debt to be used as money, due to deflation. There are hundreds of examples however of a currency collapse due to hyperinflation.

Vintage Mises.

You know they don't eat babies don't you? Out yourself.

Ooops, four, my bad

In between trying to read magazines to catch up with this "economics" stuff, try and do some research on "involuntary responses". You night just clue in how someone can just push your button and get you to "explode" in four nonsensical posts on the trot.

Bigot = A person who holds an opinion obstinately and is intolerant towards those who think differently.
Menelaus is a classic case.

I don't "think" this is beyond you, I "know" this is beyond you.

Stringing words together in pretty language may work for you in an "Arts & Literature" forum, but on a financials forum with me around, not so much.

You are wasting my time. I've answered all of your juvenile questions. The only reason you think I haven't is because the answers are totally over your head. While in the meantime you are totally unable to answer any of mine, despite holding your hand and pointing you in the right direction.

Read over what I already posted a few hundred times. You never know, you may have a moment of clarity and all kinds of lights begin to turn on for you. I'm not too optimistic though, you are starting to demonstrate massive stupidity beyond just simply losing control.

Like Banesh Hoffmann once said, there's a big difference between being able to read a watch and understanding the treatment of time in quantum physics

Menelaus is apparently so far above the combined intellects of all the other economists in the world, that he is having trouble breathing.
More's the pity then that he isn't God, as he seems to be intent of implying he is.

Even your writing is starting to lose its appeal.

I guess there's only so many times one can shout "hey, look over there" on here with colorful language when those incessant shouts become obvious to everyone that they are merely a sign of.......desperation.

You profess to understand monetary theory, yet all you keep dropping in your posts are terms that even five year old children are familiar with and understand only on the surface......just like you.

This will be the third time I ask this. Either have a go or just STFU. Posting another "hey, look over there" will only embarrass you further.

It makes you wonder how the same brilliant mind could have come up with such a flawed idea. I won't give you the answer to this one, if you know post it for all to see. How does this "jubilee" actually take place, why is it such a bad idea, and what are the implications that Keen ignores? Or, I suppose you thought we all wake up one morning to find out that someone(Gov't? CB? Banks?) decided that anyone who owes money, well, just doesn't owe anything anymore? Get to work.








Meanwhile, the real skeleton in the closet continues to stench up the place:

But perhaps the *real* issue you need to wrap your head around is what changed your behavior on here? What's causing you to post incessant rubbish instead of just lurking, or simply just not being around, like you did in the past. What's causing you to write posts for the sake of writing since you are strictly only trying to impress with the language and not with substance. What invisible force is influencing your behavior? What's forcing you to create strawman after strawman (making a fool of yourself) so you can destroy him for "feel good" but rather hollow victories? What's driving your rage against me?


You may be "aware" of Pavlov (those words are EXACTLY what you posted which is also very telling) but you certainly are still blissfully unaware that you willingly became a subject in one of his experiments.

Of course he would. He would probably (metaphorically) slap his pecker on the desk and then call Keen an idiot. Why change the habits of a lifetime?

I think in fact his pecker wuld shrink quite considerably if he was required to face off with Keen directly.

FineAs

I genuinely think that he is either so deluded or full of it that he would seek to try and kid Keen with the infamous line, "It's all there in what I have written you idiot. If you can't see it then you aren't very bright are you? Anyway show us your gold you mug."