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Menelaus
14 Aug 12 14:36
Joined:
Date Joined: 03 Feb 05
| Topic/replies: 38,236 | Blogger: Menelaus's blog
On August 20, a €3.2bn Greek bond held by the ECB matures. Greece that doesn't have money to pay suppliers for basic social services obviously doesn't have the money to pay the ECB back. If Greece openly defaults then, despite the assurances from the euro area technocrats, mayhem would ensue both economically and politically. So the ECB covertly prints and the Germans and their "hard money" satellite proponents all stay quiet.

Greece sold a little over €4bn in 13-week treasurys earlier today at 4.43pc.

Here's the mechanics: The ECB allowed Greece to sell (worthless) treasury bills with short maturities to………..drum roll please……it's own bankrupt and bailed out banks. The Greek banks now only function because of ECB largesse, with liquidity provided through an Emergency Liquidity Assistance (ELA) routed through the Greek central bank. So the Greek banks take the ELA funds with relaxed collateral requirements (there simply is not any money good collateral left), convert them into worthless Greek bonds, pledge those bonds back to the Greek central bank as collateral in exchange for……..another drum roll please…….freshly printed euros……..which the central bank of Greece prints with permission from the ECB to complete the circle jerk. So in essence the ECB, through the Greek central bank, is funding the Greek sovereign and it allows it to pay back the 3.2bn euro maturing bond. Got that?

My favourite quote throughout this entire financial crisis came from Jim Grant (Interest Rate Observer) who after watching just about every major central bank in the world engage in quantitative easing he muttered : "At this point, we really need to ask the question, what is money"

If the same question has not crossed your mind yet it's because you haven't clued in what's really going on.

More money printing coming up, here, there and just about everywhere. Count on it.
Pause Switch to Standard View The ECB printed money today to fund...
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Report maas August 15, 2012 9:28 AM BST
Just numbers on a screen.
Report madasahatter August 16, 2012 12:04 PM BST
More money printing coming up, here, there and just about everywhere. Count on it.

....... so that maintains the status quo?  The merry-go-round will continue to spin and the debtor and credit mountains will continue to rise and fall - but that's another generations problem?  There is an end game, but that could be tomorrow or in a hundred years time - fudge and muddle are the order of the day.
Report Menelaus August 16, 2012 12:25 PM BST
" There is an end game, but that could be tomorrow or in a hundred years time - fudge and muddle are the order of the day."



That's a pretty wide door to go through there mate, and I would venture a guess a sign of how confusing you find everything.

And, no, money printing doesn't maintain the status quo, money printing steals from you and I and gives to the members of the banking cartel. On the other hand, perhaps that *IS* the status quo and you'd be right.

Wink
Report Eeternaloptimist August 16, 2012 9:09 PM BST
It isn't him that is confused Melly. It is you. He hits the nail on the head. The hammer could fall soon or it could be in a generation. Unless of course you want to finally pin your colours to the mast and make a prediction relating to time frames?
Report Menelaus August 17, 2012 6:06 PM BST
Still riveted to my every word on here I see. You'll have to get used to it, that's the way it will be for you from now on. Not in your wildest sick nightmares did you imagine it would be this way.

And despite of that still utterly clueless. That speaks volumes about your intellect. LaughLaughLaugh

Thanks for bringing carlos back BTW, I was starting to miss you, eeeer, I meant him.
Report Menelaus August 17, 2012 6:09 PM BST
And if you say PLEASE, I'll be more than happy to lay out a timeline for you.

Say it, it's only one word, say PLEASE.
Report Eeternaloptimist August 17, 2012 10:01 PM BST
Okay PLEASE.
Report Eeternaloptimist August 17, 2012 10:01 PM BST
That's you fecked.
Report Menelaus August 17, 2012 11:16 PM BST
Eeternaloptimist 17 Aug 12 22:01 
Okay PLEASE.


Good doggie, I knew you couldn't resist salivating at the sound of that bell. Laugh

Regards

Pavlov Devil
Report Eeternaloptimist August 18, 2012 7:43 PM BST
You need to sit down and have a good long think about which of us the above exchange makes look a complete fool. I called your bluff because I knew you were simply incapable of delivering. Your above comment simply put the cherry on top of the cake. Are your feet hurting yet?
Report Eeternaloptimist August 18, 2012 7:45 PM BST
I'll be more than happy to lay out a timeline for you.

Busted flush. Wink
Report Menelaus August 19, 2012 11:12 AM BST
First of all, you should never allow a complete stranger to lead you around like an organ grinder's dancing monkey on a leash. I understand and emphathise that you have a condition that forces you to create multiple personalities and windmills in your mind as a means of coping, but allowing yourself to be toyed in this way  makes you look totally weak and pathetic. Not even our late village idiot took the "say please" bait FFS. Laugh

Second, anyone who wants a specific date when this ends, like you seem to insist on, is a fool. Anyone who thinks this will end tomorrow is a bigger fool. And anyone who thinks this can drag on for another 100 years is an off the scale fool.

I posted several times before when I think this ends, it's just that it keeps going over the head of the fluff and no substance crowd.

Many events can trigger a collapse, the financial system is now very weakened and fragile, but in my opinion it is the bond market that will ultimately decide the timing. When real inflation can no longer be hidden, and it becomes obvious to every numbskull managing money on the bond markets that inflation is running significantly higher than the 10Yr US Treasury (there's reason why I specifically say the 10Yr but I can't be bothered to explain - way over your head, it would be a waste of time) then the jig is up. It will be the trigger to a cascade of events that render the FED powerless, and the collapse will follow quickly.

With your broad brush and 30,000 foot level understanding of economics, if you think ponzi schemes last forever, then feel free to think this may take another 100 years to end. If you think central banks have infinite power, then feel free to think this may take another 100 years to end. If you think real inflation can be hidden by clever schemes and number manipulation forever, then feel free to think this may take another 100 years to end. If you think central bankers have the ability to print oil, then feel free to think that this may take another 100 years to end.

Those who understand economics at the ground level and use a fine nib Namiki in their analysis beg to differ. Mathematics and geology is not on your side.


P.S. I've learned a lot myself every since this financial crisis started and I have advanced my thinking on a number of items. One of them is that can be no proper discussion of economic issues without giving prime consideration to OIL. I haven't gone into details here because I'm trying to dumb this down as much as I can so that you can least understand part of what I'm saying. And in closing, it would be rude of me not to ask you to say hello to carlos and chatlame for me. Wink
Report Menelaus August 19, 2012 11:16 AM BST
Get someone to help you pick yourself off the floor now and take some time off. You should feel better in a while.........but I doubt it. Devil
Report Eeternaloptimist August 19, 2012 11:45 AM BST
So how are your feet?
Report Menelaus August 19, 2012 2:08 PM BST
This is the best you can do?

Seriously, sitting in front of that keyboard all day, banging away at those keys trying to get even at this cruel life that dealt you such a rotten hand and...THIS...IS....THE....BEST....YOU...CAN....DO?

Get carlos over here FFS.

LaughLaughLaughLaughLaughLaugh
Report Eeternaloptimist August 19, 2012 10:42 PM BST
That's all I need with a chump like you. Now dance sucker.
Report Menelaus August 20, 2012 1:41 PM BST
This is it???

I just finished wiping the floor with you one more time and this is all you got?

You've really given up, haven't you?

LaughLaughLaughLaughLaughLaughLaughLaugh
Report Eeternaloptimist August 20, 2012 11:01 PM BST
Just because you think you are the king without a crown doesn't mean that everybody else doesn't think you are a dribbly knob end. I'm hardly going to fall over myself at this stage to debate with the leading window licker on the forum. Argue with a deluded idiot and how are others to differentiate the two?

One minute you promise to set out a timeline, the next you say it is foolish to make predictions on dates which makes you look rather foolish given your earlier statement. Then in an attempt to blow your other foot off you do make a specific prediction relating to timelines. Are you making a late attempt to be selected for the paralympics? Had somebody else jumped from hot coal to hot coal in this manner they would be denounced as a laughing stock. People are just bored of you.

You are more mixed up than the contents of a cocktail shaker and I have defintely shaken, stirred you and then left you waiting to be consumed. And just because I have decided to leave you hanging for a while longer you are begging me to come back.

Most unbecoming. You are way too needy. The coup de grace will be at a time of my choosing. You are merely a bit part player.
Report Menelaus August 21, 2012 12:37 PM BST
Chill mate, I was just messing with your head, a nasty bad habit I picked up from my first employer. Do you honestly think I would seriously promise anything to someone that I sincerely think suffers from psychosis and displays all the deplorable anti-social and vulgar tendencies you do?

I said jump, and you jumped, that was the whole point.

There is no other point every time you post. I can put up the most nonsensical, far off the mark, economic argument on here and you wouldn't dare debate me on the substance of what I posted because you haven't a clue whether I was right or wrong. You'll create strawmen that have nothing to do with the issue, create diversions to take attention away from your massive ignorance, pretend you are in control of your actions but debate? No. You just don't know enough to debate (at least know anything which it isn't a broad brush understanding or below the 30,000 foot level or in other words know anything that's not anecdotal knowledge), it's a simple as that.

This is the problem you are facing and that's why you are being used as a toilet bowl plunger time and again. After putting up hundreds of posts on here without a single one containing even a trace of a contribution towards economics or finance, or demonstrating a genuine understanding of unfolding events, everyone eventually clued in that you are all fluff (a very sick fluff at that - foisting carlos and chatlame on us didn't help your cause) and no substance.

Stop allowing yourself to be toyed in this way, it makes you look even more pathetic than you really are allowing a complete stranger to continue to take you to school on something you have no background and understanding.

Come to think of it, what invisible hand keeps you riveted to this forum? By your own admission you are a politics/boxing forum "member", you showed up by mistake to a ask a question one day months (and several hundred posts) ago and now you can't leave. Hmmmm, something to think about, init? Devil














































How much do you want to bet I could make you say PLEASE again?

LaughLaughLaughLaughLaughLaughLaughLaugh
Report Eeternaloptimist August 21, 2012 12:49 PM BST
I'll take that bet sucker. How about we make it interesting? Get me to say it within a week and I will leave the forum. If I don't say it then you leave. What do you say?
Report Menelaus August 21, 2012 1:18 PM BST
Feck, you're not only sick, you're naive beyond belief.
Report Menelaus August 21, 2012 1:22 PM BST
You gotta STOP salivating at the sound of those bells FFS

They are NOT real

It was ALL planted in your friggin head









Feck, I'm starting to feel guilty for contributing to your condition Cry
Report Eeternaloptimist August 21, 2012 3:00 PM BST
Gutless as well as deluded. No wonder there is nobody left here to laugh at you.
Report Menelaus August 21, 2012 3:39 PM BST
Here's the invisible hand that keeps you here, and the more I made my intentions known to you, the more blindly you responded.

It's called cognitive dissonance, look into it.

I had a harder time planting perceptions in the minds of uneducated third world peasants that I did with you. But then again they weren't stupid enough to put up 12,000 posts on a public forum picking fights, "destroying" mythical enemies and wishing others dead. In other words, they weren't stupid enough to reveal their personality disorders on a public forum.

Again, I would say "seek help" but you've already done that, haven't you, and you still are where you are. There's nothing more demoralizing than an itch you can't scratch, is there?
Report Eeternaloptimist August 21, 2012 4:32 PM BST
So are you going to find a pair or not gutless?
Report Menelaus August 21, 2012 5:17 PM BST
Say PLEASE first
Report Menelaus August 21, 2012 5:23 PM BST
Come on mate, it's only a single word, you can do it.

Say PLEASE and I promise to stop posting on here.

I promise, I'm not baiting you this time, I mean it.

Say PLEASE, and I'm outta here. Grin
Report Eeternaloptimist August 21, 2012 5:28 PM BST
You never did answer carlos' inciteful question:

Why do you spend all day on this forum giving something away for free to people who think it is worthless and that you are a complete plank when you can charge a supposed adoring public £125 each?
Report Menelaus August 21, 2012 5:37 PM BST
Wow, that was fast, did I make you wait long?

LaughLaughLaughLaughLaugh

Calm down now, let me explain.

THERE...IS....NO....CARLOS

It's ALL in your head

LaughLaughLaughLaughLaugh
Report Eeternaloptimist August 21, 2012 5:43 PM BST
I think both carlos and chatlame would beg to differ. Like I've said previously I do hope you are better at picking winners because your psy-ops is hopeless.
Report Eeternaloptimist August 21, 2012 5:44 PM BST
By the way you haven't said whether you accept the bet. Have you got any stones or not?
Report Menelaus August 21, 2012 5:50 PM BST
Sure, sure, whatever you say, just calm down and take some time. Then you can start banging on those keyboard keys again to take out all your anger.

There's has to be someone out there you could wish dead in your mind but at the moment I just can't think as to who that would be.

LaughLaughLaughLaughLaughLaughLaugh










































I'll ring a bell later when I feel like watching you dance again.
Report Eeternaloptimist August 21, 2012 8:04 PM BST
Rarely can the perception and the reality have been so divergent in an individual. You think you are the bolllocks when really you are a ballsack. Dead? Dead boring certainly. By the way the question remains:

Why do you spend all day on this forum giving something away for free to people who think it is worthless and that you are a complete plank when you can charge a supposed adoring public £125 each?

I may pop back in a few days to watch you talk to yourself. I may or may not give your chain a pull. Wait there boy.
Report Menelaus August 21, 2012 11:33 PM BST
First of all, I didn't ring a bell, you must have heard a train going by or something

Second, give me a minute to file this post in the DIVERSION file

Almost done.....

Almost done....

There !!!! Laugh



Finally, if you go back and read the posts regarding my public lectures, preferably very early in the morning before your uncontrollable rage sets in and takes over everything you do for the rest of the day, you'll notice that the admission price ALL goes to charity, not me. I even pay for catering in tea/coffee and sandwiches for the break out of my own pocket. The LSE provides the facilities at no charge. Trust me, my wheeelchair friend, life is very unfair, dealing some like you such a rotten hand, and others like me all the aces. Oh well, that's the way it is.

Get someone to push you to London on of these days, you may find the experience very interesting. Not exactly life changing, sadly there's no one out there that can help you with that, by very interesting nonetheless. I'll donate the £125 to charity on your behalf.
Report Menelaus August 22, 2012 12:09 AM BST
Allow me an afterthought.

No one is smart enough to pull a con on anyone who can fog a mirror on here, least of all you.

Quite a coincidence that YOU and carlos BOTH missed the money goes to charity fact. First carlos asked that stupid question, I ignored your alter ego like I usually do, but low and behold you had to repeat it several times again under your other forum persona. Two supposedly different posters making yet again an identical mistake.

U can ch'ge the way u rite but u can't ch'ge the way u think.

And quite frankly I'm getting a little tired of washing the floor with a psychopathic cretin like you, there's no challenge. You need to change the routine, this one is starting to stink to high heaven.
Report chatlame August 22, 2012 9:58 PM BST
Before Roxette, after gay: http://www.youtube.com/watch?feature=endscreen&NR=1&v=M52ESJaNzN4
Report Menelaus August 23, 2012 3:16 PM BST
Thoughts creep into your dreams
Messing with your head
But no one hears your screams
You can't escape

"I can pull is off"
You tell yourself again and again
You don't realize how stupid you are
That you're just going insane

And I'll just keep playing this game
Over and over and over again
Until every single thought in your head
Is only me

It's only me messing with you
And you've lost all reason
Wait till that moment comes
When you realize you are indeed insane
Report FINE AS FROG HAIR August 23, 2012 8:04 PM BST
There is only one psychopath on here, and it certainly isn't EO.
Report Eeternaloptimist August 23, 2012 10:48 PM BST
You do have to wonder about the mentality of someone persisting with a line of attack regarding disability particularly given my assertion about caring for a disabled wife. Of course you can't take anything as gospel on an anonymous forum but anyone with any sense of decorum would pause for thought and play safe just in case.

Not meltdown Melly.
Report Eeternaloptimist August 23, 2012 10:56 PM BST
Melly

Of what relevance is it to Carlos' question what you do with the £125? It remains valid irrespective of what you do with the money for the simple reason that nobody on here would give a squirt of piss for your thoughts. If you were waxing lyrical in their garden they would close the curtains and turn the volume on the TV up. Yet people supposedly pay through the nose to listen to you? Is it some kind of stand up routine with fellatio from you and a night at a hotel thrown in?

Incidentally, for future reference, it's lo and behold.
Report Menelaus August 23, 2012 11:13 PM BST
I don't think you clued in yet mate. Once I get done with a carcass, I bury it, I don't have a conversation with it.

I've seen sick feckers on these forums but you mate are off the scale sick.

Try having a conversation with your three personas from now on, you just might win an argument one of these days..........but I wouldn't bet on it.
Report Eeternaloptimist August 23, 2012 11:53 PM BST
You remind me of that award winning stout advert from a few years ago.

He sits and he waits. All he does is wait.

What an interesting man you must be.
Report Eeternaloptimist August 23, 2012 11:54 PM BST
You can't bet on anything these days.
Report Eeternaloptimist August 24, 2012 12:07 AM BST
So much bile and vitriol. I'm betting it is erectile dysfunction, small penis syndrome, closet rampant sexuality problems or all three.
Report Eeternaloptimist August 24, 2012 1:00 PM BST
Pray silence. Mr Floppy will be along shortly to spew more invective and delusion.
Report charlatan August 25, 2012 2:28 PM BST
Once I get done with a carcass, I bury it

do you put your clothes back on first?
Report carlos monzon August 25, 2012 2:58 PM BST
Menelaus     22 Aug 12 00:09  
Allow me an afterthought.

No one is smart enough to pull a con on anyone who can fog a mirror on here, least of all you.

Quite a coincidence that YOU and carlos BOTH missed the money goes to charity fact. First carlos asked that stupid question, I ignored your alter ego like I usually do, but low and behold you had to repeat it several times again under your other forum persona. Two supposedly different posters making yet again an identical mistake.

Ur lying once again.

U mentioned nothing at all about charity. Nothing watsoever.

Yet u claim something which is provable. Again anything provable in ur case proves u wrong.

U said come and see me and pay 125.

Where that 125 goes has got f00k all to do with me and since u didn't mention charity wat do u expect us to do
mind read.

Wen u mention charity I bet u secretly mean it's for u daughters dnt u. Hope ur investments r doing well so ur daughters have enough money to live 10 lives. As u claim
u make 40 k a pop.

Btw just earlier u were asking the question wat is money?????

From ur evaluation inflation is eating into our savings so soon money ain't gona be worth sh1t. But I guess u pursue sh1t like flies. Maybe we should start asking the question wat is sh1t. Tbf I havnt a clue but I'm sure it comes natural.

Btw u say u give to charity, wat better way to start then pop a few grand in eos way. After all u say his stuck in a wheelchair with nothing to do. I'm sure 3 and a half k would by him a nice electric wheely so he can get around and not pester u all day.

Wat do u say mele.

They say charity starts at home. Meaning u give to the needy at home, then those UNO.

Surly an inteligent guy like u wouldn't give to unknows as u can't be sure they need it. But seem know eo inside out, so there's no doubt.

Do the right thing
Report carlos monzon August 25, 2012 3:01 PM BST
Btw since eo and me r the same person, u can put the money in my account of course.

Lolololol. Thanks
Report Menelaus August 25, 2012 3:50 PM BST
Taking turns posting under a different names and having conversations in their mind with alter egos and wives that don't exist is simply not enough for sociopaths suffering from psychosis.

The real objective is to always seek…..drum roll please…….confrontation.

That's why those suffering from the spectrum disorder are social misfits and fail miserably in all relationships, confrontation is always their priority.

Why?

Because it elevates the level of adrenalin in the body which in turn increases the level of seratonin in the synapses which provides a temporary "lift" from depression.

It's a coping mechanism that those not afflicted by the dreadful malady don't need.

Any first year med student can tell you that FFS.





The man is sick, very sick, and he'll die that way.
Report carlos monzon August 26, 2012 3:40 AM BST
Read ur last sentance very carefully.

It sums u up perfectly.

Said so much. But errrrrrr, my simple questions remain unanswered.

Ur quite crafty, I give u 1 thing, u like to hide ur mistakes by the process of diversion. And u make so many mistakes all ur energy and time goes on trying to correct them by lying, lying and lying some more. And if that's not enuff u end up arguing with every1 over nothing at all realy. Ur errors r blatent. Copy and paste is evidence!!!!! 

At first I thought u thought eo and mr were 1.

But now I realize we r not 1. Ur not that stupid. The evidence was clear enuff to ring a bell. Surly.

Btw love d way u write, must say it is quite impressive. Eo writes well too.

Maybe me and u could have a comp. Let's write and essay about f00k knows and ask the forum yo vote. Wat u say.
Report carlos monzon August 26, 2012 3:41 AM BST
Oh sh1t I mean u and eo.

Lollllllllollolol
Report Menelaus August 26, 2012 12:08 PM BST
Yeah, it gets confusing in your mind who the me you him really is and who's really writting the post after a while, doesn't it?

Huge faux pas on your behalf in trying to perpetuate the illusion...........if there was anyone with a functioning brain who believed it in the first place that is.
Report Eeternaloptimist August 26, 2012 9:28 PM BST
You don't have a functioning brain. Your brain is seriously fuccked up sucker and you are dangling by a thread which I can cut at any time. Thinking that me and carlos are one and the same is just one manifestation.
Report Eeternaloptimist August 26, 2012 9:28 PM BST
But you will keep dancing for me.
Report Menelaus August 27, 2012 12:37 PM BST
Came looking for that serotonin hit again, eh?
Report Eeternaloptimist August 27, 2012 12:58 PM BST
A few days ago I left you for a couple of days. In those two days while I was happily posting elsewhere your only posts on any thread on any forum were either directed at me or people you thought were me. Since that time your only posts have been directed at me or people you think are me.

You can come out of my pocket when I say and not before.
Report carlos monzon August 29, 2012 4:16 PM BST
Eeternaloptimist     26 Aug 12 21:28  
You don't have a functioning brain. Your brain is seriously fuccked up sucker and you are dangling by a thread which I can cut at any time. Thinking that me and carlos are one and the same is just one manifestation.


Exactly. U dnt have much to say now do u mele.

Or will u turn on d old record and play divert.


U r trying prove wrong something which has to a huge degree been proven already. It's established f00ksake.

U enjoy fighting battles which u cannot win.

Like zehnghis khan said only a fool will fight a battle he can't win
Report carlos monzon August 29, 2012 4:18 PM BST
At 1 time I thought u were an intelligent bloke
Report carlos monzon August 29, 2012 4:23 PM BST
U give money to charity. Lololololol.

Eo has been telling u that he looks after his disabled wife, and u choose to expoit this very subject time and time again like a dog with a bone up his a ss.

R these statements from a man who has charity within his character nevermind giving grands away to charity.
Report carlos monzon August 29, 2012 4:24 PM BST
Wat is ur chosen charity btw
Report FINE AS FROG HAIR August 29, 2012 4:35 PM BST
I believe it is a charity that hasbeen set up to support all those who have unfortunately invested in the markets based on Menelaus' economic forecasts of complete world monetary system meltdown.
They're finding it pretty tough at the moment, waiting for it all to happen.
Report carlos monzon September 10, 2012 7:40 PM BST
U forgot to post on this thread so I must refresh ur memory.

Let's get to the bottom of this now.

Wat evifookindence do u have that me and eo r the same person.

And give me 1 reason as to y u have undermined or ignored the evidence (which puts this matter to bed IMO) which I have put forward that I am not eo.
Report carlos monzon September 10, 2012 7:50 PM BST
Let me make things clearer.

U say eo and me are 1.

U say he is stupid, uninteligent, dnt know wat his on about , right.

Now the evidence I put forward suggest anything other than that.

If me and eo were 1 and plotting against u by arguing over a 1year period (we have clear cut evidence of these arguments with over 1000 post stretching over a year plus period) just to get at u and provide evidence then uv lost.

U r just plain blank stupid cus u fell for it as u played to eo's tunes. He knew wat u were gona post and simply played it better and so u got found out.

On the other hand if me and eo r 2 totaly different people then again ur simply wrong.

Either way ur wrong. Lol
Report carlos monzon September 10, 2012 7:55 PM BST
But of course uv wiped the floor with us, destroyed us and pi ssed on us. Of course ul do it by using all these flashy words and well put together sentances.

Ur like a child, wen they get caught doin summit wrong they usualy cover they eyes hoping that just because if they can't see u, then u can't see them.

It's a childs way of admiting his wrong.
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