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Urgent Stock Market Message

London 2012 and The Real Ancient Olympic Games Gold Medal Winners

Politics / Social Issues Aug 11, 2012 - 03:19 PM GMT

By: Nadeem_Walayat


Best Financial Markets Analysis ArticleWhilst virtually everyone is aware that the Olympics are an ancient Greek sporting festival, however many people may not know is that the Olympics were a religious festival held in the honour of the king of the gods, Zeus, held every 4 years that continued for over 1,100 years and which was focused on 10 main events (men only) held over a 4 day period.

Comparing London 2012 Olympics Gold Medal Winners to the Real Olympic Games

Boxing - Oleksandr Usyk of Ukraine

Chariot Racing - No equivalent

Horse Racing - No equivalent

Pancration - Mixed Martial Arts - Taekwondo - Sebastian Eduardo Crismanich, Argentina

Pentathlon - David Svoboda of the Czech republic

Running - Four events

  • 5000 Metres - Mo Farah, GB
  • 200 Metres - Usain Bolt, Jamaica
  • 400 Metres - Kirani James Grenada
  • 400 Metres in Armour - No equivalent

Wrestling - Greco - Roman Vlasov, Russia

Therefore the results for the real olympics are for a tie between the athletes of the 7 winning countries -

Argentina, Czech Republic, Great Britain, Grenada, Jamaica, Russia and Ukraine.

So whilst thousands of athletes of both genders have competed in well over 200 sports at the London 2012 Games, however only a fraction of these events actually count towards falling under the real Olympic Games and even there these events should be permenently held at Olympia in Greece instead of being trapsed around the globe at huge tax payer expense.

By Nadeem Walayat

Copyright © 2005-2012 (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of three ebook's - The Inflation Mega-Trend; The Interest Rate Mega-Trend and The Stocks Stealth Bull Market Update 2011 that can be downloaded for Free.

Stocks Stealth Bull Market Ebook DownloadThe Interest Rate Mega-Trend Ebook DownloadThe Inflation Mega-Trend Ebook Download

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


12 Aug 12, 10:16

Whilst I've thoroughly enjoy the games there are what they are ...a show, a very entertaining show which moves on. Come the end of August not too many will be able to name 10 Team GB medal winners. It's over today and tha is a pity but all good things must come to an end. The world will be invited to reassemble in Rio in 2016 and that is it. The legacy will be organisations squabbling over who has access to what...the Olympic Stadium is an example. A marvellous monument to the 2012 Games but now to become a soccer stadium...legacy what legacy. Many who had a job will now be laid off. Memories are not legacies I think we might have many fond memories but too few legacies.

12 Aug 12, 13:19
Cheating Britain

letting none born britts be part of the gb team. CHEATING BRITAIN

12 Aug 12, 13:31
Foriegn Born Gold Medal Winners


Britain and the US would lose a lot of medals as they have effectively stolen several medals of other countries.

The real medals ranking (based on country of birth) is -

1st China

2nd US

3rd Russia

4th Britain

5th South Korea

I would not be surpised if the American's have Usain Bolt / other Jamaican medalists running under their flag at the next Olympics!

14 Aug 12, 02:58

what a nonsence article.. the olympics has grown has as

society and civilisation. we now have countries from all over the world competeing in multiple sports events from every genre. This is great for sport, its also great that the country as a whole has got behind a somalian runner representing Britain, helping break down barriers between communities. Im sure these athletes had a choice who they chose to represent and as most of them were born here they felt it right to represent Britain. This is a good thing, theres an eithiopian with Swedish citizenship who represents eithiopia. I personally think Sweden should withdraw that citizenship and stick her on the first plane back there.

Comparing the games with the original format is really quite stupid, not like your normal articles nadeem which are very insightful. Maybe you would like to see only primarily greek

( i suppose ) athletes running around in armour instaed of all the fantastic events that have developed over the centuries...

14 Aug 12, 08:55
Olympics Debt

Britian will pay the price for these 2 weeks for decades as a consquence of the debt legacy. All for the sake of a 2 week party.

14 Aug 12, 15:47
Olympics debt

I really wish London didn't win the Olympics - cost is not worth the benefits.

However to sugggest that we will be paying for these two weeks for decades is a bit concerning. our national debt is around £1 trillion and growing fast, so how many millenia will it take to repay our debt?

14 Aug 12, 16:00
Hidden Price - Inflation


The Olympics will be forgotten by the end of this month, but it's legacy will haunt Brits for decades.

Official national debt is a mere tip of the ice-berg, X official figures by X10 to get a more realistic picture.

The debt will NEVER be repaid instead it will be inflated, but not away because both debt and inflation are exponential. It's how governments steal wealth to buy votes.

The Olympics brainwash people into thinking that it is good to spend money the country does not have, then they bitch and moan at the rise in inflation! Well that is what happens when you PRINT DEBT!



15 Aug 12, 05:25
Olympics Debt

Yes I agree tha tthe official figures are understated, especially if you include future committments such as pensions. The debt will either be defaulted or inflated.

It was stupid to spend £10bn odd on the Olympics. However £10bn is tiny compared to our overall debt pile and GDP.

Your comment that we will spend decades paying for this two week event is an exageration.

15 Aug 12, 08:48
Markets at the Margins

Hi Rodders

Market reactions are always at the margins, i.e. the markets expect the deficit this year to be £120 billion, instead if it turns out to be £130billion than that would disapoint the markets.

So what are seen as relatively small amounts in reality can result in a significant impact.



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