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Citi: "This Is The First European Election In Which Voters Didn't Do The Right Thing"

Tyler Durden's picture


When a note by a Citi FX strategist begins with the following proclamation endorsing outright fascist despotism, you know it's going to be good: "This is the first European election in which voters didn't do the right thing." Perhaps if Citi would be so kind to overrule the democratic vote, in which 55% or the majority of the people voted against the "right thing",  and impose its own unelected Italian dictator, just like Goldman did in November 2011, that long EURUSD call would be happier? Then it only gets better: "Elections are more problematic than market scares or sentiment shifts as they can't be undone by printing monry" (sic). True: some things outright money debasement by central banks can't buy - for everything else there are Siberian Gulags. And the absolute punchline: "Still the outcome does not seem so dire that a bit of growth and ECB flexibility could not turn it around." Why yes, all Europe needs is a "little growth" obviously in lieu of lots of growth, but frankly it will settle for any growth - something it has been unable to do under the wise tutelage of the banker-dominated oligarchy for the past four years, as for that little "ECB flexibility" - wink wink: just where would you like those Euro Stoxx Steve?

From Citi's Steven Englander:

1) The bad news first. This is the first European election in which voters didn't do the right thing. Instead they gave surprising support to politicians who reject austerity and, in some cases, the euro. This could become a major problem if it proves contagious. The feel-good from the runup in Italian asset markets was not enough to offset the feel-bad from austerity, low growth and unemployment. If all it would take to fix this was an ECB rate cut, they would do so immediately, but euro zone politicians may need to ease fiscal constraints  and find ways to quickly stimulate growth. Elections are more problematic than market scares or sentiment shifts as they can't be undone by printing monry. Still the outcome does not seem so dire that a bit of growth and ECB flexibility could not turn it around.


Outcome for the euro - negative in short term and maybe further to go, but considering that euro spent months happily over 1.40 with Berlusconi as PM, this is a set back but not a catastrophe. 


2) JPY - collateral damage and position cutting. Its not as if any new JPY information came out in the middle of the Tokyo night when markets went pear-shaped . Yesterday's high to low range in EURJPY touched seven big figures. So there were either weak JPY shorts or EUR longs. The BoJ's mistake in 2009-2012 was letting bad news elsewhere lead to yen appreciation, a double hit. If the new policymaking regime is different, it will be because it will resist JPY appreciation on bad news.


Outcome for JPY - temporary JPY plus,  but hard to see the incentive for the Japanese government to do anything but talk yen down and Nikkei up again – USDJPY buying opportunity.


3) Monday’s shock helps Fed Chairman Bernanke Tuesday as these developments argue that the world is not a safe place and that a QE buffer against negative economic or financial shocks needs to be maintained. Bernanke will argue for Fed exIt (Fexit?) as soon as possible but not necessarily anytime soon.  Very short term I think this will give markets a boost, but data in following weeks are a risk.


Outcome for USD – Fed Chairman will likely try and talk risk appetite back into market, unwinding USD gains. The problem is that once we get past his testimony we may face some weak economic data and renewed concern that fiscal tightening is having a more negative effect than is priced into markets.


4) Positions were big drivers and concentrated positions were hit, while positionless but risk-correlated AUD and NZD were almost flat versus Friday. JPY stronger on JPY negative news.  This looks like a positioning and panic induced shift rather than a real risk sell-off. The Italian election is a definite EUR negative but other than with respect to the EUR, the major impact was in markets that were heavily positioned, not where there was bad news. Hence I think that dust will settle slowly in Europe but more quickly elsewhere – GBP, JPY weakness will resume.

* * *

Let's see what else could we add here:

5) If one ignores the 55% of the population that voted against the banker puppets in this election, then Monti and Bersani obviously get 100% of the vote. So you must buy EURUSD

6) Thank you docile little Greeks for doing "the right thing" in 2012

7) Remember "those" European "elections" in the 1920s? They actually were not that bad after all...

* * *

That smell? That's the stench of panicky desperation


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Mon, 02/25/2013 - 20:34 | 3275917 candyman
candyman's picture

Voters in the US also did'nt do the right thing.

Mon, 02/25/2013 - 20:42 | 3275936 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Got that right.  But we're surviving...

Mon, 02/25/2013 - 20:43 | 3275946 The Thunder Child
The Thunder Child's picture

Did anybody acutally vote? I didn't vote....did you vote?

Mon, 02/25/2013 - 20:45 | 3275951 DoChenRollingBearing
DoChenRollingBearing's picture

My statement is at the blog link above.



I did vote, but it did not matter.

Mon, 02/25/2013 - 20:52 | 3275973 The Thunder Child
The Thunder Child's picture

The whole thing is rigged, TPTB pick the winner months ahead of time. So by voting I am not really voting at all am I, in reality I am renewing my social contract to be ruled and to accept responsibility for a portion of the sovereign thanks.


Elections Bichez!

Mon, 02/25/2013 - 20:54 | 3275990 Richard III
Richard III's picture

"Show me the MONRY !"

Mon, 02/25/2013 - 21:12 | 3276040 sunaJ
sunaJ's picture

It's a protest vote, you Citi cocksuckers.  Protesting your paradigm is the one thing that the majority can agree upon.  Where is the inflation that was supposed to hit us?  It's in the stock market.  It is expressed in paper for companies that purport a value "equal" to FRNs (minus a couple steps from liquidity).  They are passing money amongst themselves while the real economy languishes.  It is the modern-day example of "let them eat cake."  Well, with that inflation in the stock market comes the absolute necessity to not only stagnate, but to continue inflating with continued acceleration, until that one moment...that moment when truth has long since become irony, irony to cliche, and cliche to farce.  Then you get things like comedians or playboys elected as public officials because they are the ones that can tell the truth first.  After the farce comes the "no clothes" moment.  It is game over for the financial technocrats, and they are going to have to reach for straws that they thought would only be necessary many years down the road.  But continue to deny, they will. 

Mon, 02/25/2013 - 21:53 | 3276158 AssFire
AssFire's picture

Fuck the fucking fuckers!!!

Mon, 02/25/2013 - 22:05 | 3276195 1C3-N1N3
1C3-N1N3's picture

+1 to LongSoupLine for logging in as AssFire!

Mon, 02/25/2013 - 22:34 | 3276293 SafelyGraze
SafelyGraze's picture


Mon, 02/25/2013 - 22:56 | 3276364 TruthInSunshine
TruthInSunshine's picture

Lest there be an iota or scintilla of doubt that the "markets" are one giant ponzi built upon a foundation of salt & sand, let us ponder the sole sentence of this "analysis" that leaps out from the text and into our eyes, ears & mind, unpleasantly & forcefully:

"Elections are more problematic than market scares or sentiment shifts as they can't be undone by printing monry"(sic).


It's fucking unreal. This is like 1999 or 2007 but only approximately 1000x more surreal. If I didn't know any better, I'd have thought that this was an April Fool's Day joke by a bankrupt and taxpayer bailed out Citi & its eminent FX analyst Steve "This Is Why Taxpayers Pay Me the Big Fiat" Englander, but I looked at the calendar, and it's February.

Mon, 02/25/2013 - 23:21 | 3276450 NoDebt
NoDebt's picture

Yeah, but we've learned something here, too, let's not forget.  We have again in front of us evidence that the TBTF banks (and other ponzi institutions) still FEAR CONTAGION.  An election in Italy would rarely rattle our markets like they did today UNLESS..... they saw a credible threat to their existance.  A debt/monetary threat- a "sudden heart attack" threat, not a slow-moving GDP/growth kind of threat.

Italy tells the EU to get stuffed, the Euro goes down.  The EU goes down, the European banks go down.  The European banks go down, so do US and other banks.

THEY ARE AFRAID.  And with good reason, I think.  As all ponzi schemes fear the same thing- a bunch of people running for the exits at the same time who can't all be paid off because the money doesn't exist to pay them all off.

Mon, 02/25/2013 - 23:56 | 3276497 TruthInSunshine
TruthInSunshine's picture

I'm sick of hearing "if the banks go down" meme/bullshit.

Developed nations probably have 50% more banks than they need, most of which are directly propped up by a theft mechanism of taxing the productive in many ways (direct and indirect, subtle and not-so-subtle) and redistributing that wealth to these inefficient, vestigial, useless banks.

Fuck 'em. Let them fail as such useless, inefficent, dinosaurs should do. Let their carcasses dry up and litter the economic roadside, as a reminder to all to adapt or die.

Enough of the statist "KronyKapitalist" picking "winners" to backstop.

Tue, 02/26/2013 - 07:43 | 3276929 Harlequin001
Harlequin001's picture


"This Is The First European Election In Which Voters Didn't Do The Right Thing"'

Oh dear, what a pity, never mind...

Banks should be what banks were always meant to be, hedge funds, not pillars of our society. Invest accordingly.

Of course, if that were the case there would be no welfare, state sponsored education or any other 'benefit' either directly or indirectly paid for by me...

any people would have a better idea of the true risk of investing in banks.

Tue, 02/26/2013 - 09:36 | 3277153 TruthInSunshine
TruthInSunshine's picture

The time has long past arrived to define, with specificity, in ways that even the dullards can understand completely, what a bank is or isn't.

In that definition should be included an unshakeable, unbreakable restraint against any public/taxpayer monies being used directly or indirectly (aka "on the sly") supporting, bailing out or otherwise propping up any of these entities.

Tue, 02/26/2013 - 01:02 | 3276655 Navymugsy
Navymugsy's picture

I thought they just do "re-votes" until the desired outcome is achieved. Didn't they do that in Ireland and Holland with the EU Referendum a few years back?

Tue, 02/26/2013 - 01:12 | 3276666 James_Cole
James_Cole's picture


Just do an American-style revote: assassinate the democratically elected leader and install someone CITI likes. 


Tue, 02/26/2013 - 07:28 | 3276814 Ghordius
Ghordius's picture

so if I ask you again and again for something and you eventually say yes then I'm a bad guy? never understood this line of reasoning


mhmm... seems I touched a nerve here - LOL

again, if I ask the same girl five times to have a date and she says four times no and the last time yes, does this make me some sexual monster?

Mon, 02/25/2013 - 21:56 | 3276171 Freddie
Freddie's picture

Citi is such a corrupt, incompetent, evil "bank" but they all are.  They could not manage a hot dog stand without hundreds of billions in taxpayer money.

Mon, 02/25/2013 - 22:39 | 3276306 Bananamerican
Bananamerican's picture

Stevie=Il Douche'

Tue, 02/26/2013 - 03:17 | 3276774 ersatzteil
ersatzteil's picture

Italy may be a setback, but I trust the American people will "do the right thing" when Citi's $52 trillion+ in derivatives exposure implodes.

And former Citi con artist Jack Lew is now at the helm to help us make that tough call.

Mon, 02/25/2013 - 22:51 | 3276349 newengland
newengland's picture


Looking forward to the bonfire of the vanities .


Mon, 02/25/2013 - 23:50 | 3276516 Ranger4564
Ranger4564's picture

That sentiment is exactly what I felt, which is precisely why I did not vote.

Mon, 02/25/2013 - 20:49 | 3275976 kaiserhoff
kaiserhoff's picture

Vikram Pandit to his former troops:

You shall all now be very much following my own excellent example, flex your knees, bend over, and kiss you asses goodbye.

Mon, 02/25/2013 - 22:17 | 3276244 Vegamma
Vegamma's picture

I wish. Vikram is probably laughing on a private island counting the over half billion he made off of Citi which should have been wiped out. Should name his yacht Thanks Suckers!

Mon, 02/25/2013 - 20:59 | 3276010 ersatzteil
ersatzteil's picture

No, I'm not even registered anymore. Apathy at 26...what was it like for you older gentlemen at my age?

Mon, 02/25/2013 - 21:16 | 3276033 gmrpeabody
gmrpeabody's picture

If you don't vote..., don't bitch.

There's always a write in, but doing nothing means you are lazy and ill-informed. Well..., you asked...

Mon, 02/25/2013 - 21:27 | 3276080 Race Car Driver
Race Car Driver's picture

I junked ya.

For bein' a moron.

Mon, 02/25/2013 - 21:28 | 3276086 john39
john39's picture

voting in a fraudulent election where the system narrows your choices to only those it seems appropriate is perpetuating  fraudulent system.   frankly, sends a much stronger signal if people boycott the entrire process, and do so vocally.

Mon, 02/25/2013 - 21:41 | 3276120 nmewn
nmewn's picture

So lemme see if I got this straight, its better to have Honey Boo Boo voyeurs and gum snapping i-shit kids placing people in responsibility to tax & spend & ban shit left and right...and then sit around and bitch about it?

Thats a great plan...I don't know why we didn't think of it sooner ;-)

Mon, 02/25/2013 - 21:31 | 3276093 FeralSerf
FeralSerf's picture

Who the fuck made up that rule?  I'll bitch whenever I please, thank you.

Doing nothing means I see no reason to waste the planet's energy resources to go to TPTB's polls.  The ones voting for one of the PTB's candidates are the ill-informed ones.  I guess that means you too.

Mon, 02/25/2013 - 21:32 | 3276095 sskid
sskid's picture

No, it means you are giving your consent to this cluster fuck government, I am so tired of the cliches that pass for conventional wisdom, ever have an original thought of your own?

Mon, 02/25/2013 - 21:52 | 3276156 kridkrid
kridkrid's picture

Since I can only down vote you once, I'm going to add, "Fuck Off".

Mon, 02/25/2013 - 22:01 | 3276161 dwdollar
dwdollar's picture

Voting doesn't work when the majority is a bunch of idiots and/or the elections are rigged, but if it makes you feel empowered go right ahead. As if one more idiot voting matters at this point...

Mon, 02/25/2013 - 22:17 | 3276247 otto skorzeny
otto skorzeny's picture

when i don't have to pay 1 cent in taxes to the govt cocksuckers then i will stop bitching

Mon, 02/25/2013 - 21:27 | 3276084 nmewn
nmewn's picture

I stood and fought for what I believe in and still do. You can't win if you don't fight.

You're a little old to be curled up, sucking your thumb in the fetal position don't you think? ;-)

Mon, 02/25/2013 - 21:43 | 3276128 Tijuana Donkey Show
Tijuana Donkey Show's picture

I don't vote, as it's a 2 party sham. Also, it means that I would get sucked onto jury duty, and I can't sit through all of that for $2 a day. That's not even a fucking Happy meal!

Mon, 02/25/2013 - 21:54 | 3276165 nmewn
nmewn's picture

There is a lot to be said about the two party sham...there's not much difference as far as fiscal policy goes at this point.

But yeah, jury duty is a drag but needed. Last time I was picked it was the first time in the judges 30yr career he had to order a mistrial.

It was a sex crime case against a little girl. I was giving the guy the benefit of the doubt as there was no DNA which was said to be the case during jury selection. The prosecuters own witness let something slip in her testimony...there was more than one victim for this guy...but this fact was not part of THIS trial.

We (including me) would have fried him after hearing that, I would have done him myself...and still will if I see him so, mistrial.

It is what it is.

Mon, 02/25/2013 - 21:48 | 3276134 lasvegaspersona
lasvegaspersona's picture


at 26 I voted because I was supposed to vote. It wasn't until Clinton came along that I figured out which side he was on and I went to the other...I have been voting liberty often does not matter because the white shoe guys in the party spring the Bob Dole, John Mccain/Mitt Romney guys on us before we even get to hear what the liberty candidate guy has to say. I have not decided how active I will be going forward.

The Club for Growth offers serious pro-economic, pro-liberty candidates. I give to them.

It has been eye opening to see that only one active Senator (Orin Hatch UT) and one retired Senator (Judd Gregg NH) have actively spoken about the real level of debt. Hatch made an estimate of about 60T at a meeting last Summer and Gregg discussed a possible dollar 'issue while still in office. NOT ONE OTHER politician has said 'hey, our currency could collapse to zero'. 

I believe that A) it is too horrible to contemplate  B) many do not understand the problem and C) those who do understand do not want to undermind confidence and at the same time end their careers. DEFG ect ...refer to B

That leaves me wondering just what I should do. I want to be a good citizen (in spite of all the bad shit the country is involved in and the loss of 'rule of law'. I could just take care of me and mine but I see a few good people hanging in there and fighting to good fight so I have not dropped out ....yet.

Mon, 02/25/2013 - 23:22 | 3276451 A Nanny Moose
A Nanny Moose's picture

Pretty much the same however, my apathy has been replaced by enthusiasm for, and greater understanding of, anarchism, voluntarism, and the rule of law vs. the rule of men. I would be surprised if this came to pass in my lifetime.

To your journey. /raises glass.

Tue, 02/26/2013 - 04:22 | 3276818 Jabotinsky_USA
Jabotinsky_USA's picture

Yes, I voted!  You should consider voting too.  If Perry and others in Republican primaries giving the Fed the ugly treatment is not enough then you should still show up to vote against tax levies.


Where I'm at there is a constant assault of property and income levies. One suburb has a levy attempt every 6 months!

Mon, 02/25/2013 - 22:15 | 3276236 Shizzmoney
Shizzmoney's picture

Voters in the US also didn't do the right thing.

By voting, period.

The illusion of choice began the moment Kennedy's brains landed in Jackie's lap.

Mon, 02/25/2013 - 22:16 | 3276240 Crash Overide
Crash Overide's picture

"Voters in the US also did'nt do the right thing."


Since when does voting count?

Mon, 02/25/2013 - 22:19 | 3276250 otto skorzeny
otto skorzeny's picture

the MSM told me to so 'tis true

Mon, 02/25/2013 - 23:24 | 3276457 A Nanny Moose
A Nanny Moose's picture

It is not the voters that count, but who counts the votes - Jose Stalin.

Tue, 02/26/2013 - 10:11 | 3277267 overmedicatedun...
overmedicatedundersexed's picture

those of us who wish to do a right thing: if you are registered voter with a D or R..change to 3rd party or Indie, it is not like I am asking you to take up arms. this more than calling reps or mailing congress will impact the pols.

It would be great if only 10% or less were registered with the two headed party now in power..just do it and avoid violence.

Mon, 02/25/2013 - 22:30 | 3276267 newengland
newengland's picture

Perhaps potential voters in the USA did do the right thing.

Voting numbers were down; record abstainers from the red and blue pill debt drug and pushers.

Italy is bust, and it is good that its people protest as they go to the gallows.

Meanwhile, most able tax paying hardworking Americans  prepare to defend themselves from central tyranny rather than vote for more tyranny.

Physical gold, silver, land and close community. And guns, as per the Constitution. Defy the money changers and tyrannical central control.

That is the USA, as ever was. Sorry for the others: their choice.

Mon, 02/25/2013 - 20:44 | 3275957 McMolotov
McMolotov's picture

Fuck 'em.

Fuck 'em hard, fuck 'em deep. Fuck 'em sideways (with a sheep?).

One is starting to suspect these guys know they'll probably end up swinging from lamp posts before all is said and done. Kinda makes you wonder what sort of shit they'll pull to try to save their necks. Desperate times call for desperate measures and all that.

Mon, 02/25/2013 - 21:14 | 3276044 Winston Churchill
Winston Churchill's picture

DHS purchasing 1.75 billion rounds of ammo should give you a clue as

to what measures they are planning for.

Mon, 02/25/2013 - 21:26 | 3276076 Shell Game
Shell Game's picture

...and the public buying 100 billion rounds should give you a clue at to the response. 

Mon, 02/25/2013 - 22:21 | 3276254 otto skorzeny
otto skorzeny's picture

the little brown truck is bringing me 1000 more of the commie caliber on the morrow

Mon, 02/25/2013 - 23:25 | 3276459 A Nanny Moose
A Nanny Moose's picture

We love logistics.

Mon, 02/25/2013 - 23:51 | 3276518 FreeMktFisherMN
FreeMktFisherMN's picture

the USPS evidently doesn't.

Mon, 02/25/2013 - 22:22 | 3276259 bigkahuna
bigkahuna's picture

Yeah, people are getting ready for some shit. What is really wild is that the shelves have been bare for like 6 weeks. 

Mon, 02/25/2013 - 22:24 | 3276260 newengland
newengland's picture


Mon, 02/25/2013 - 23:22 | 3276455 Oldballplayer
Oldballplayer's picture

The first thing a lot of folks do when a gun is pointed at them is shit their pants.

Real men will get over it and fight with shitty trousers.

Most of the people on forums that write about what they are going to do will run or hide.

Those of us who have shit our pants, and fought....well, we don't generally get too vocal about it. We know what shit smells like. We don't want to smell it again. We don't like how it feels. We don't look forward to it.

But we know its just shit. And we will work through it again.

Tue, 02/26/2013 - 00:01 | 3276537 dtwn
dtwn's picture

Yup.  AIM Surplus got a container of 5.43X39 in a couple weeks ago.  1.5 million rounds sold out in 1 hr 23 min.  Just one store on one day, one caliber.  Also google 'ammo whore', see what the boys at ar15 . com have been accumulating.

Tue, 02/26/2013 - 12:05 | 3277806 e-recep
e-recep's picture

damn, i wish i was an ammo producer.

Mon, 02/25/2013 - 20:26 | 3275882 Frastric
Frastric's picture

The corporate fascists finally show their true colours... The bastards.

Mon, 02/25/2013 - 20:28 | 3275889 davidsmith
davidsmith's picture

No, Englander is from the group which does business with fascists--after they've determined that none of their chums from Choate are going to be running things.

Mon, 02/25/2013 - 20:38 | 3275934 DoChenRollingBearing
DoChenRollingBearing's picture

Andover, Exeter, St. Paul's?

Mon, 02/25/2013 - 20:43 | 3275952 SMG
SMG's picture

Don't you dare not elect our technocrats peasants.   Now we will show you the price for defying us.

Mon, 02/25/2013 - 21:58 | 3276176 milanitaly
milanitaly's picture

I like the smell of napalm in the morning.
We realize your dreams. V for revenge

Mon, 02/25/2013 - 20:27 | 3275883 davidsmith
davidsmith's picture

Did Englander go to Dartmouth and is his nickname Binky?

Mon, 02/25/2013 - 20:42 | 3275948 DoChenRollingBearing
DoChenRollingBearing's picture

Harvard, Yale, Princeton.  In that order.

Mon, 02/25/2013 - 20:50 | 3275972 McMolotov
McMolotov's picture

"Evidently Mr. Englander's an educated man. Now I really hate him."

Tue, 02/26/2013 - 01:42 | 3276701 Rogue Trooper
Rogue Trooper's picture

I doubt Mr. Englander will have an allocated seat in the Helicopter when the exit plan is initiated.... useful idiot.


Mon, 02/25/2013 - 20:27 | 3275886 ar01
ar01's picture

"We may face some weak economic data and renewed concern that fiscal tightening is having a more negative effect than is priced into markets"

You mean the markets aren't efficient? What the hell am I supposed to do with my econ textbooks now? 

Mon, 02/25/2013 - 21:05 | 3276022 disabledvet
disabledvet's picture

Yeah no shit. "this is the same Citigroup that paid a single trader 100 million to soar oil prices in the middle of a war" right? And now they're long euro "which is getting obliterated by high oil prices"? Hmmm. I wonder who's on the other side of that trade. If it's not Italy anymore I say GO ITALY! I things these folks are running out of OPM by the TRILLION now...when will they start talking in terms of building relationships...ahem...POSITIVE relationships know "nation states and shit." indeed "you can't make this stuff up."

Mon, 02/25/2013 - 21:40 | 3276110 newengland
newengland's picture

Zionists have gone batshit crazy, and their paid selected pets in banks and government are out of their tiny minds, and out of control.

Zionism is NOT the choice of most jews, or anyone else.

Goldman Sacks, JP Morgue, money launderers like HSBC and others in every big nation bank are nothing more than a criminal syndicate of gangsta bankstas.

The 'educated fools' and 'useful idiots' as Zionist's Lenin described them.

Mon, 02/25/2013 - 22:30 | 3276274 bigkahuna
bigkahuna's picture

The zionists have always been crazy. They are just as crazy as the kkk, la raza and the black panthers. Its who they are. And like you said, there is quite a distinction between zionists and Jewish people.

Mon, 02/25/2013 - 22:39 | 3276296 newengland
newengland's picture

I get fed up with people likening all jews to Zionism. Like all christians are the same? Anyhow, must stay on topic and not divert attention from this story. I am one of those Jesus types; that good jewish boy who threw the moneychangers out of the Temple.

Zionism is wrong for jews most of whom do not agree with it, and everyone else,  which is probably why it collaborates for money with Islamists and Communists, imo. War, famine, money, power - that is their socipathic agenda.

Best wishes to you and yours.

Mon, 02/25/2013 - 22:54 | 3276362 bigkahuna
bigkahuna's picture

These people who confuse the two often have simply not done their homework. Either that or they are disinformation agents.

Likewise, Best wishes!

Mon, 02/25/2013 - 23:15 | 3276427 newengland
newengland's picture


Mon, 02/25/2013 - 20:28 | 3275887 Meatballs
Meatballs's picture

Stenchy, Bitchez!

Mon, 02/25/2013 - 20:28 | 3275892 Number 156
Number 156's picture

The smell of fear.

Mon, 02/25/2013 - 20:35 | 3275920 nmewn
nmewn's picture

Cool ain't it ;-)

Mon, 02/25/2013 - 21:02 | 3276016 Teamtc321
Teamtc321's picture

"That smell? That's the stench of panicky desperation"


+1000 Tyler

Mon, 02/25/2013 - 20:28 | 3275893 Tank_
Tank_'s picture

Was "monry" making fun of our Chinese-speaking friends?

Mon, 02/25/2013 - 21:26 | 3276079 Poor Grogman
Poor Grogman's picture

Leave annoying mouse out of this...

Mon, 02/25/2013 - 20:30 | 3275902 davidsmith
davidsmith's picture

In any event, Stevie is just another name to put on the proscription list--you know, $50,000 for evidence of his death.

Mon, 02/25/2013 - 20:31 | 3275905 Ignorance is bliss
Ignorance is bliss's picture

To Keloptocratic Fucks,

Fungool MF !!!!

From Italy with Love

Mon, 02/25/2013 - 20:31 | 3275906 LongSoupLine
LongSoupLine's picture

Fuck you citi bank you fucking overleveraged fucking bad paper stuffed ass licking fucks. Go fucking jump off your building you Bernanke ball sucking overdressed fucking used car salesman.

Mon, 02/25/2013 - 21:12 | 3276039 gmrpeabody
gmrpeabody's picture

I see Soup's feeling fine...   ;-)

Mon, 02/25/2013 - 22:06 | 3276169 AssFire
AssFire's picture

Fuck ya!, He's fuckin-doin' fine as fuck!

Mon, 02/25/2013 - 22:04 | 3276192 Room 101
Room 101's picture


Fuckinaye LSL, that was fucking beautiful, man. Pure poetry.


Mon, 02/25/2013 - 22:46 | 3276326 newengland
newengland's picture

I get the impression that you are unhappy with the bare faced lying criminal banksta gangstas.

Good to see someone speak to  Jamie Dimon the banksta gangsta in a language he understands  - as he is a coward who should be slapped Corzine, his bitch. Both mommy boys. Citi is a petty errand boy by comparison.

Mon, 02/25/2013 - 20:31 | 3275907 IndicaTive
IndicaTive's picture

This is the first European election in which voters didn't do the right thing."

Never heard that before.

Mon, 02/25/2013 - 22:25 | 3276262 otto skorzeny
otto skorzeny's picture

the germans did the right thing in '32

Mon, 02/25/2013 - 23:02 | 3276374 newengland
newengland's picture

King maker hedge fund muncher George Soros chose O'bomba for the Democratic race. George Soros of the Socialist Internationale was a boy when his father gave him to Nazis and he saw confiscation from jews.


Zionists are a freak communist socialist international financier conspiracy of pschopathic money and power who have no allegiance to any family or homeland, but want to dominate all. And that is why they conspire with the House of Saud and that hateful medieval religion of mysogynists, sodomites and money grubbers.

Rootless cosmopolitans liked Hitler, as did all major banks...until he failed to deliver their wishes: the new wold order. Zionism.

Mon, 02/25/2013 - 23:08 | 3276403 newengland
newengland's picture

Amusing, innit. European voters previously voted for the EUSSR...err...the EU. And now they get to see how horrible it is to be ruled by thieving socialist communist social engineers, and Italy rebels against that.

O'bomba and Robney are no different. Tax thieving whores.

Mon, 02/25/2013 - 20:32 | 3275909 PaJoad
PaJoad's picture

I love the smell of paniky desperation in the morning.

Smells like...victory.

Mon, 02/25/2013 - 20:33 | 3275914 nmewn
nmewn's picture

I'm not sure Duce II Bunga has the same panache...but I'm rollin with

Mon, 02/25/2013 - 20:34 | 3275915 Frank N. Beans
Frank N. Beans's picture

this was the funniest thing i've read all day


Mon, 02/25/2013 - 20:57 | 3275925 newengland
newengland's picture

The Fight Club - gotta love it. Nailed it again.

If the people are to walk in rags to the gallows, then  they may as well protest in doing so, rather than die like helpless sheep, knifed by the Machiavellis of this world.

No wonder that the kosher mafia cloaks itself in Les Miserables re-makes, Argo...and more cheeky in-your-face  Paperman. Geddit? They are hiding in plain sight, and the public applaud the circus.

Remember this: gangsta bankstas, the Vatican and their paid pets in Hollywood and government do hate you very much, but want you to vote for them, volunteer to be slaves.

That is the unvarnished mission statement of the Trilateral Commission which wants a technocratic new world order aided by academics and its 'inner party' of bureaucrats: the 'educated fools' and 'useful idiots' that Lenin described.

Lenin funded by Zionists. Communism collaborating with Zionists. Zionism is bad for jews and everyone else. Goldman Sachs, JP Morgue and all the other filthy new world order tribe love money and power, 24/7, color blind - and have no heart for ordinary people or honest, sound money and commerce.

Long live the Italian people and true culture. To hell with the collaborators of gangsta bankstas.

Mon, 02/25/2013 - 21:34 | 3276105 AllWorkedUp
AllWorkedUp's picture

Tried to up vote you but for some reason couldn't - as usual. Good job Italy. Fuck the technocrat banksters. Take your country back. Wish we had the common sense, intelligence and integrity to do that here in the U.S too.

Mon, 02/25/2013 - 20:36 | 3275927 Everybodys All ...
Everybodys All American's picture

A sign of better things to come? We shall see. Hopefully, people all over the globe are waking up to the ridiculous insanity the central bankers and government bureaucrats are putting us all through. I think waiting for them to burn in hell is no longer a choice.

Mon, 02/25/2013 - 22:38 | 3276304 bigkahuna
bigkahuna's picture

This seems like the first round. If the banksters don't like the results, they are fully capable of changing them (Diebold). I hope that the statement the Italians made stands. Perhaps we could all take a lesson from them.

Mon, 02/25/2013 - 20:36 | 3275928 Water Is Wet
Water Is Wet's picture

What a twat Steven Englander is, that in the dictatorship he runs in his imagination, his preferred outcome ignored the will of the people.  You are a twat Steven Englander, and you don't deserve your "monry", you fucking retard.

Mon, 02/25/2013 - 20:37 | 3275929 shovelhead
shovelhead's picture


This NWO thing is like herding cats...Damn Italians.

Can we get the Ethiopians to invade Italy?

Mon, 02/25/2013 - 20:37 | 3275931 milanitaly
milanitaly's picture

I am proud to be italian today.
We realize your dreams. V for Revenge

Mon, 02/25/2013 - 20:41 | 3275940 ArgentoFisico
ArgentoFisico's picture


5 STELLE 8.620.249 voti 25,5%
PD 8.583.704 voti 25,4%
PDL 7.272.698 voti 21,5%

risultati nazionali camera 61.055 sezioni su 61.446

Mon, 02/25/2013 - 21:05 | 3276023 DoChenRollingBearing
DoChenRollingBearing's picture

Viva Italia!  Putane...

Mon, 02/25/2013 - 21:19 | 3276034 milanitaly
milanitaly's picture

Five stars is the first. But bunga bunga and Bersani will joint to do a government and the next time five stars will be at 40%.
We realize your dreams. V for Revenge.
Nothing will be like before.

Mon, 02/25/2013 - 21:31 | 3276094 newengland
newengland's picture


I pray you stay strong. It is a long treacherous road ahead. Good luck. Best wishes. Well done. Much admiration.

Mon, 02/25/2013 - 21:43 | 3276130 milanitaly
milanitaly's picture

Italy is doing the right thing. I hope other Europen people will do the same thing. And the american people ......?
We realize your dreams.

Mon, 02/25/2013 - 22:21 | 3276206 newengland
newengland's picture

Time tells all, dear friend Milan.  Patience and a quick sword is best :-)

Best wishes to you and yours. It is a long treacherous road ahead. Fortune favors the brave, Milan.

Note my name. We did it before, and we will do it again. Your result is encouraging. Onward...

Mon, 02/25/2013 - 22:17 | 3276245 Freddie
Freddie's picture

Forza Italia!  Sadly Americans are brainwashed sheep who watch TV and Hollywood shit.  If you watch it then you support it.

Tue, 02/26/2013 - 01:57 | 3276721 Rogue Trooper
Rogue Trooper's picture

Best wishies Milan. To you and the Italians that are getting it.

From the ZH Global Crew.... we are all watching, preparing and waiting our turn to kick these bastards to hell!

Mon, 02/25/2013 - 20:46 | 3275963 newengland
newengland's picture

Italy, the beautiful. Congratulations. Much admiration.

V for vendetta...

Mon, 02/25/2013 - 21:35 | 3276106 Wakanda
Wakanda's picture

Today Italy is the most beautiful of black swans!

What will happen to the Eurocrats when she flaps her wings and flies?

Mon, 02/25/2013 - 20:42 | 3275933 ebworthen
ebworthen's picture


Citi - bailout whore of the decade (or is it AIG?).

What a canard.

So, if Mussolini were resurrected and promised to impose austerity on the common citizen to ensure that GS and the other vampire banker squid would squeeze every drop of blood from the populace it would be "the right thing"?

We need blood in the streets so badly it isn't funny. 

The blood of the bankers and corrupt politicians needs to flow.

Mon, 02/25/2013 - 21:12 | 3276004 SillySalesmanQu...
SillySalesmanQuestion's picture

+1 for comment EB

+ 1000 for canard.  priceless...

Mon, 02/25/2013 - 20:39 | 3275935 Piranhanoia
Piranhanoia's picture

I smell more fear.  The deodorant isn't working.  The anti persperant isn't working,  perfume isn't working.  The dead horses are lining up in the street because they aren't fit to eat.

Mon, 02/25/2013 - 21:08 | 3276028 Jendrzejczyk
Jendrzejczyk's picture

We're all eating the dead horses apparently.

Mon, 02/25/2013 - 20:40 | 3275938 ArgentoFisico
ArgentoFisico's picture

suspend elections! only problems

Mon, 02/25/2013 - 20:42 | 3275945 chump666
chump666's picture

Don't worry banks, the masters of illusion just stamped out the correction. Futures green on HFTs and Fed speak.


Mon, 02/25/2013 - 20:42 | 3275947 q99x2
q99x2's picture

Looks like Al-Ciada has a new target.

Mon, 02/25/2013 - 20:50 | 3275977 newengland
newengland's picture

Been done. Operation Gladio.

History rhymes, rather than repeats.

Mon, 02/25/2013 - 20:42 | 3275949 tony bonn
tony bonn's picture

i am sure this citi fascist got his talking points from someone in the dupont wing of the rockefeller axis of evil....they were the ones who bankrolled mussolini who met a wonderful fate.....amerika is safe for nazism.....the takeover is laregely complete as evidenced by propaganda apparatchiks like this asswipe from citi.

Mon, 02/25/2013 - 20:43 | 3275950 silverserfer
silverserfer's picture

Its all good

its hunga bunga time! till death do they part!

Mon, 02/25/2013 - 20:47 | 3275953 EmmittFitzhume
EmmittFitzhume's picture

They reject slavery and debt?  Tough decision!


Mon, 02/25/2013 - 20:43 | 3275955 Oldwood
Oldwood's picture

They will have forgotten all about it by morning and be back to spinning straw into gold. There is no other option. If they show weakness the world will realize it is nothing but straw and likely stuff them with it.

Mon, 02/25/2013 - 20:45 | 3275961 shinobi-7
shinobi-7's picture

Yes, it's contagious, sorry! ENOUGH!

Mon, 02/25/2013 - 20:45 | 3275962 Bunga Bunga
Bunga Bunga's picture

Those Cititards thought they can buy everything with their stinkin' money.

Mon, 02/25/2013 - 20:46 | 3275964 Crash Overide
Crash Overide's picture

The useless eaters are hungry for bankers. Domino numero uno bitches...

Mon, 02/25/2013 - 20:54 | 3275989 gould's fisker
Mon, 02/25/2013 - 21:08 | 3276029 thisandthat
thisandthat's picture

What if it was by design, so that you had a trigger you could use if all else would fail in your intended path to centralism?

Mon, 02/25/2013 - 21:34 | 3276103 gould's fisker
gould's fisker's picture

There's a conspiracy alright, by the kleptocrats in Brussels and other European capitols intent on stealing as much as they can before the house of cards comes down, but as much as I'd like to think that they had more talent than that I think they are just dumb greedy fucks.  But that's just me.

Mon, 02/25/2013 - 22:36 | 3276297 thisandthat
thisandthat's picture

What evidence suggests is that the plan is to take advantage of this "crisis" to try to push for a desired centralized control of everything, starting with finances, but inevitably including whatever is left of sovereignty, in a downward imploding spiral of centralized fascist  technocracy - it was more of a hint and rhetorical question than anything.

Tue, 02/26/2013 - 07:21 | 3276912 falak pema
falak pema's picture

Undoubtedly, but we all have different views on that. Its a very live subject! 

see my take on that here : 3276868

Tue, 02/26/2013 - 07:40 | 3276925 Ghordius
Ghordius's picture

no discussion about this matter is anywhere complete without taking the military situation in account

in order of connected importance: defense - national debt - national taxation and budget

a common debt means a common army and navy even before a common taxation and budget

it's all about Uncle Sam and the world's response to it

nope - as long as USD reigns supreme the EUR is here to stay, imho

Mon, 02/25/2013 - 20:57 | 3275991 shinobi-7
shinobi-7's picture

No to Europe will be painfull but the sooner the better.


Mon, 02/25/2013 - 20:55 | 3275996 Debtless
Debtless's picture

Iceland did the right thing. Just sayin bitchez.

Mon, 02/25/2013 - 21:16 | 3276045 newengland
newengland's picture

'Lo there do I see my father, Lo there do I see my mother, my Sisters and my brothers , Lo there do I see the line of my people, back to the beginning. Lo, they do call me, they bid me take my place among them, in the halls of Valhalla, where the brave may live forever.'

The solemn oath sworn before battle. Valhalla awaits the brave. Only belief in something better in this world makes the waiting for death worthwhile. No surrender. Prepare to defend yourself and your loved ones. Valhalla can wait for another day, friend.

Mon, 02/25/2013 - 21:33 | 3276096 The Heart
The Heart's picture

Where are the brothers, sisters, mothers, fathers?

Mon, 02/25/2013 - 21:41 | 3276122 Crash Overide
Crash Overide's picture

I'd love to "Iceland" a central banker...

Mon, 02/25/2013 - 20:55 | 3276000 monad
monad's picture

What? The CFR didn't win? The CFR always wins...

Mon, 02/25/2013 - 20:55 | 3276001 smacker
smacker's picture



Englander listens to too many blathering lectures from the unelected EU-crat-in-chief Manuel Barreloso and his puppy dog Junkett.

These used asswipes can't wait to dump democracy. Blair is waiting in the wings, champing at the bit to serve up the death knell.

Mon, 02/25/2013 - 20:55 | 3276003 ebworthen
ebworthen's picture

I think I forgot to say "FUCK CITI!".

Mon, 02/25/2013 - 21:02 | 3276017 shinobi-7
shinobi-7's picture

Not enough, we need 100 million people saying it!

Mon, 02/25/2013 - 21:15 | 3276047 SillySalesmanQu...
SillySalesmanQuestion's picture

Fuck Steven Englander

Mon, 02/25/2013 - 21:34 | 3276104 milanitaly
milanitaly's picture

Milions of italian people alredy said it.
You can do the same next time.
We realize your dream. V for Revenge

Mon, 02/25/2013 - 21:01 | 3276014 Spastica Rex
Spastica Rex's picture

Not the right thing for Citi, let's just be fair.

Mon, 02/25/2013 - 21:02 | 3276018 Ribeye
Ribeye's picture

Celente will be dancin tonight:)

Mon, 02/25/2013 - 21:04 | 3276021 piliage
piliage's picture

Those damn sheeple aren't following the program eh? Well, this is Europe, don't worry. The French and the Irish didn't vote for the Lisbon treaty either, and the kleptocrats got their way anyway. Cue jackboots and an 'inspirational' Barosso speech in 3...2..1...

Mon, 02/25/2013 - 21:11 | 3276038 Verum
Verum's picture

One small short covering rally in USDJPY and Englander says it is a 'buying opportunirty'?! I find it amazing that the analysts who understand the political posistioning, central bank policies and intricacies of the functioning of financial markets better than anyone else still have no idea about market structure or trading.  It is my opinion that a lot of these guys don't mean to intentionally give bad advice they just have no idea how to trade.

Mon, 02/25/2013 - 21:12 | 3276041 TrustWho
TrustWho's picture

Thank God Steven Englander was NOT a Founding Father. America would have been an autocracy.

Mon, 02/25/2013 - 21:14 | 3276046 Ban KKiller
Ban KKiller's picture

What is Italian for "silver bitchezzzz"? 

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