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Ask Mario Draghi A Question

Tyler Durden's picture




 

It is hardly the world's best kept secret that it will be a rather chilly day in a very exothermic Hades before a member of Zero Hedge is invited to a central bank press conference to ask a legitimate question. Which is why we are delighted that Scott Solano with the German news agency DPA, who will be at the Oracular Draghi's public appearance tomorrow, has been kind enough to solicit Zero Hedge readers' questions for the former Goldmanite tasked with inflating away Europe's ~$10 trillion debt overhang problem, which he would then ask by proxy (assuming he is not bound and gagged once it leaks to the Frankfurt funding fortress that what he asks may be... provocative).

Scott's contact info is in the clip below.

 

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Wed, 04/03/2013 - 16:48 | 3405345 Divided States ...
Divided States of America's picture

Can you FUCK OFF?

Wed, 04/03/2013 - 16:50 | 3405351 nope-1004
nope-1004's picture

Why do you wear circa 1944 spectacles?

 

Wed, 04/03/2013 - 16:53 | 3405380 TheGermanGuy
TheGermanGuy's picture

Didn´t your parents show you enough attention when you were a child?

Wed, 04/03/2013 - 16:55 | 3405393 francis_sawyer
francis_sawyer's picture

Mario... What do goats dicks taste like when you blow them?

~~~

&, do 'circumcised dicke taste different from 'non-circumcised dicks'?

Wed, 04/03/2013 - 16:57 | 3405410 Spider
Spider's picture

I'd rather see Draghi answer questions from Main Street Cypriots

Wed, 04/03/2013 - 17:00 | 3405431 Zer0head
Zer0head's picture

Who is your controller?

Wed, 04/03/2013 - 17:02 | 3405448 PiratePawpaw
PiratePawpaw's picture

OT, but I dont care...I need to rant. sorry...

In ADDITION to the $11,000 I gave to the fed govt last year AND the $2000 I gave to the county AND the $5000 I gave to the state and local govt..........it just cost me ANOTHER $422 to remain a law abiding tax paying citizen for another year. Im so freakin happy I could vomit..........maybe now they can afford to fix the damn potholes in my road. I doubt it..... I hope the rest of my debt-serf friends enjoy tax time as much as I do.... What the Hell do I get for my $18,422?.......protection from Russian or French invasion?!?....I could SO kick France's ass right now............I could have spent that money on a pound of gold and been FAR better off...........you are welcome assholes. enjoy your vacations Obamas. Im off to find some preparation H, my sphincter hurts........ /end rant..........   Have a nice day. PP

Wed, 04/03/2013 - 17:06 | 3405471 PersonalRespons...
PersonalResponsibility's picture

 

OT as well:

Will Tyler(s) please stop with the bitcoin propaganda.  Why not buy litecoins?

https://en.bitcoin.it/wiki/Litecoin

 Why not change the start-bits and create a new bitcoin2 ledger network?   

 There can be bitcoins legers 1 through 10000000…(?)

 Don’t buy bitcoins.

 

Wed, 04/03/2013 - 17:15 | 3405514 Pseudo Anonym
Pseudo Anonym's picture

no btc because you have a shit load of litecoins to unload on the greater fools?

Don’t buy bitcoins.

Thu, 04/04/2013 - 17:54 | 3410025 Gidas19
Gidas19's picture

Draghi,

Is there a Plan B? And also how do you feel about Zerohedge readers, and also is there a sliding door?

Thank You

Wed, 04/03/2013 - 17:06 | 3405475 traderjoe
traderjoe's picture

"I could so kick France's ass right now."

Classic.

Wed, 04/03/2013 - 17:08 | 3405482 bobola
bobola's picture

It is hardly the world's best kept secret that it will be a rather chilly day in a very exothermic Hades before a member of Zero Hedge is invited to a central bank press conference to ask a legitimate question.

If the mentioned scenario did happen, would ZH advertise it?

What happened to Marla?  She posted here early on.

Wed, 04/03/2013 - 17:55 | 3405710 gmrpeabody
gmrpeabody's picture

Marla, actually, turned out to be..., a guy.

Tyler wasn't amused.  ;-)

Wed, 04/03/2013 - 17:03 | 3405452 Rubicon
Rubicon's picture

Love your hair Tyler

Wed, 04/03/2013 - 17:04 | 3405456 1C3-N1N3
1C3-N1N3's picture

Hypothetical scenario: the day has come when a 100% depositor haircut is insufficient for you. At what point do you begin to physically seize food from citizens' plates?

Thank you.

Wed, 04/03/2013 - 18:28 | 3405838 enloe creek
enloe creek's picture

 citizens are nothing but consumers, you have a marshmallow life paid for by the efforts of previous generations and future generations, you are in the sweetest spot in history! 

Wed, 04/03/2013 - 17:34 | 3405605 Ghordius
Ghordius's picture

"I'd rather see Draghi answer questions from Main Street Cypriots" - some of them have more beef with a different gentleman called Panicos, who as Governor of the Cypriot NCB is the real "boss" of all things monetary, there. The role of the ECB in the Cyprus Affair was after all - very limited, bordering to zero...

Wed, 04/03/2013 - 18:11 | 3405778 Urban Redneck
Urban Redneck's picture

That's like saying the role of the Marriner Eccles building in US money creation is rather "limited" because the money creation actually takes place each night at the 12 district banks when the 12 district banks reconcile their ledgers against the multitude of member banks' ledgers.  

Without the ECB (and policies which allow the CBC to stay open for business), the CBC is DOA, without the CBC every bank is Cyprus is dead.  Since the ECB has an insiders' view of the CBC balance sheet and its liquidity projections, it can tailor its policies to extract whatever concessions are needed from the CBC, and by extension the rest of the banks in Cyprus.

The word of the law, the spirit of the law, and the practice of the law are all distinct studies.

Wed, 04/03/2013 - 19:01 | 3405965 Hythlodaeus
Hythlodaeus's picture

Not only that, but one thing is the Law and another the regulations made by officials, which after all is what you have to follow (one can always go to court if you think it is wrong). A famous XIX century spanish politician, the Count of Romanones, purpotedly said "You make the laws, I'll make the regulations".

Wed, 04/03/2013 - 19:02 | 3405973 Ghordius
Ghordius's picture

UR, if the CNCB had not been a member it would not have gotten the ELA support, the bailin money, etc. etc. Do you think it would have had a better fate? I don't

Wed, 04/03/2013 - 20:04 | 3406199 Urban Redneck
Urban Redneck's picture

If they weren't a eurozone member- they wouldn't have signed up for a haircut on Greek debt, or keep returning to the trough of tier-1 Greek bonds.   I don't think they ever had an opportunity for a graceful exit from eurozone because of the way their banking industry was structured (as the low barrier to entry, high-yielding window on the eurozone establishment),  but at the same time it was a bargain with the devil, the ECB had insight into all the Cypriot cards, as well as control over collateral haircuts and regulatory authority.  

The ECB could (and I would assume, did) model any proposed action against member banks interests and (I would assume did not) advise what steps were necessary in order to prevent further impairment in a timely fashion.  They then demanded a course of action which would impair the viability of the entire banking sector of a member.

It's not a club I would be interested in joining, but they made their own bed and now they have to sleep in it.

Wed, 04/03/2013 - 17:38 | 3405416 hedgeless_horseman
hedgeless_horseman's picture

 

 

"To reduce the reserve ratio, which is currently 2%, to 1% as of the reserve maintenance period starting on 18 January 2012. As a consequence of the full allotment policy applied in the ECB’s main refinancing operations and the way banks are using this option, the system of reserve requirements is not needed to the same extent as under normal circumstances to steer money market conditions."

 

http://www.ecb.int/press/pr/date/2011/html/pr111208_1.en.html

 

 

  • Why, exactly, is the system of reserve requirements not needed to the same extent as under normal circumstances?  Are depositors really less likely to pull money from banks, now?
  • What must happen for the ECB to drop the reserve ratio below the current level of 1%?  
  • What would be the danger of ZRRP being confused with ZIRP in the media?
  • How would a Negative Reserve Requirement Policy (NRRP) work in Europe?  Have you hired the CME to investigate this concept?
  • In what country might we find an ECB warehouse full of Eurobonds?
  • Will Grexit be Euro positive, or Euro negative, over the long term?
  • Does the ECB have a Working Group on Financial Markets, and when do they take vacation?*
  • Do you swap more than just USD with Bernanke?
  • Are you aware of the mortal dangers of repatriating ECB gold now held in London or New York?
  • How do you say ponzi in Italian?
  • Why should anyone follow Thomas Stolper's advice regarding the Euro?
  • Do you find that wheel-barrows are more ergonomically correct than pallet trucks, or is it just, "tradition?"

 

*stolen from TD, circa 2012

Wed, 04/03/2013 - 17:58 | 3405723 Ghordius
Ghordius's picture

LOL - in honour of my avatar I'll try to answer some...

- "Are depositors really less likely to pull money from banks, now?" -> depends from the country. the ECB is pushing and pushing but the damn banks won't lend to the SMEs if they don't get some collaterization incentive - more about it soon

"...the ECB to drop the reserve ratio below the current level of 1%?" -> a Krugman Attack from Mars?

"...Negative Reserve Requirement Policy (NRRP) work in Europe?" -> some of our more cautiious supporters - like Ghordius - would really dislike that

"...ECB warehouse full of Eurobonds?" -> even if the parliaments of the eurozone submit to this incessant request from Wall Street and the City - printing and storing eurobonds would be something the EU would do, not the ECB

"...Grexit..." -> it would be bad policy to officially discuss this in detail, but any exit from a peripheral country would be long term positive. the exit door is as important as the entry door for the EUR project

"...take vacation?" -> like Fafnir, the dragon, the ECB never sleeps

"Do you swap more than just USD with Bernanke?" -> good one. the swaps are now back to quite low levels, aren't they? And sometimes the question arises: which banks needed help? after all, plenty of US bank presence in London, with lots and lots of euro contracts and committments

"...Thomas Stolper's advice" -> the Squiddie? to be frank I don't remember him being right, I'll have to look it up

"wheel-barrows" -> pallet trucks? no, the ECB is modern network of 17 among the oldest national banks of the world which have enough traditions. so euros travel in containers

Wed, 04/03/2013 - 18:19 | 3405808 hedgeless_horseman
hedgeless_horseman's picture

 

 

the ECB is pushing and pushing but the damn banks won't lend to the SMEs if they don't get some collaterization incentive - more about it soon

Soon?  Like right after "normal circumstances" return, reserve requirements go back up, and hell freezes over?  Or a different kind of soon?

Wed, 04/03/2013 - 19:03 | 3405976 Ghordius
Ghordius's picture

soon = next press conference

Thu, 04/04/2013 - 03:55 | 3407091 zhandax
zhandax's picture

HH, when you mentioned reserve ratios, you caused me to remember a search I did last night after seeing the UBS piece which included this titbit, 'frb Chicago refused to discount frb NY paper'.  I didn't get the whole story, but it appears that frb Chicago may have refused because, at the time, there was a 40% gold reserve requirement for frb notes issued (now simply called dollars).  It seems by early 1933, frb NY's gold reserve ratio had slipped as low as 24%, causing it to be operating outside of frb regulations, as well as posing (to Chicago, at least) an unacceptable risk.  Upon reaching the 24% reserve ratio, the frb NY chairman publicly announced that he could no longer operate the bank with such a dangerously low reserve which preceded executive order 6102.  If anyone can point me to a link to flesh this story out more, I would love to read a complete version.

Wed, 04/03/2013 - 17:13 | 3405502 Pseudo Anonym
Pseudo Anonym's picture

i saw what you did there

&, do 'circumcised dicke taste different from 'non-circumcised dicks'?

Wed, 04/03/2013 - 16:56 | 3405405 Dr Paul Krugman
Dr Paul Krugman's picture

Why don't you do more to help the economy?

Wed, 04/03/2013 - 16:57 | 3405411 nope-1004
nope-1004's picture

It's spelled, MOAR !!!!!

 

Wed, 04/03/2013 - 16:59 | 3405430 Pure Evil
Pure Evil's picture

Hey krugcrap, shouldn't you be asking, "why won't the ECB print just as recklessly as the FED"?

Wed, 04/03/2013 - 17:05 | 3405462 Dr Paul Krugman
Dr Paul Krugman's picture

Recklessly?  Printing? 

First, it is an asset purchase program that Bernanke is working.  M2 has not expanded greatly like all the inflationistas say.

Second, unemployment has continuiously fallen since the begining of the said programs.

In Europe unemployment has risen.  So who is being reckless?

Wed, 04/03/2013 - 17:08 | 3405484 walküre
walküre's picture

You aren't invited. Why not and are you at least a bit jealous?

Wed, 04/03/2013 - 17:09 | 3405492 Dr Paul Krugman
Dr Paul Krugman's picture

The Europeans in charge have not taken my advice.  Not one bit.

Am I jealous?  No, just concerned.

Wed, 04/03/2013 - 18:01 | 3405732 Ghordius
Ghordius's picture

we listen, doctor. every word of advice you give... we try very hard to do the opposite

Wed, 04/03/2013 - 18:39 | 3405862 James_Cole
James_Cole's picture

M2 has not expanded greatly like all the inflationistas say.

Even Krugman himself wouldn't make such a ludicrous statement.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/gc%201.png

Thu, 04/04/2013 - 01:22 | 3406923 All Risk No Reward
All Risk No Reward's picture

Hi Paul,

You might have missed this question the last 8 times I asked it, so here we go for try number 9 (and yes, I will continue to increment the numbers until you answer the question):

If growth is defined in monetary terms and money is debt (interest bearing) please explain how exponential growth of debt is sustainable into eternity. If money (debt) exponential growth is not sustainable into eternity, then WHAT HAPPENS WHEN THE EXPONENTIAL MONEY (DEBT) GROWTH FAILS? I made the question bold in case you are having vision problems and couldn't see the question. Hopefully this helps. TIA...

Consequences of Krugman's Pimped Fractional Reserve Banking 2) - Poverty - Debt is not a choice

https://www.youtube.com/watch?v=juQc0rLdB-E

Do you get off enslaving the proletariat to debt owed to the people who made you and can also trash you?

Aren't you just a modern version of a well paid house slave?  How's that reality going to resonate throughout eternity?

Wed, 04/03/2013 - 17:16 | 3405515 TeamDepends
TeamDepends's picture

Second, unemployment has continuiously (sic) fallen since the beginning of the said programs.

And you believe that?

Wed, 04/03/2013 - 17:23 | 3405541 jmcadg
jmcadg's picture

Krugman - Reckless, Maybe, Disingenuous Definately.

Wed, 04/03/2013 - 17:24 | 3405548 Another-Ex-RPI-Man
Another-Ex-RPI-Man's picture

Right, but still I want to see BB repaying 17T without printing money. As long as everyone don't demand the debt repay all is fine. Europe used to think that way.

Wed, 04/03/2013 - 19:37 | 3406106 xtop23
xtop23's picture

1) Velocity will increase at some point. Then it gets decidedly fugly.

2) Non-persons falling off the Earth does not a true decrease in unemployment make. 

3) Europe obviously needs to cherry-pick the talent we have computing our CPI.

Thu, 04/04/2013 - 04:12 | 3407101 auric1234
auric1234's picture

Asset purchase? Tell me mr krapman, what is the market value of those "assets"?

Oh, right, there's no market. How would you know?

 

Wed, 04/03/2013 - 17:01 | 3405437 francis_sawyer
francis_sawyer's picture

Besides the fact that you're NOT Paul Krugman [which is an honor], & you have nothing relevant to say...

~~~

Well ~ is there anything else you have to offer?

Wed, 04/03/2013 - 17:07 | 3405473 Dr Paul Krugman
Dr Paul Krugman's picture

What do you have to offer?

Wed, 04/03/2013 - 17:40 | 3405647 thisandthat
thisandthat's picture

Aren't you the "Nobel"?

Wed, 04/03/2013 - 17:01 | 3405433 McMolotov
McMolotov's picture

I just shot out my neighbor's window because his dog was yapping too loudly. What have you done lately?

Wed, 04/03/2013 - 17:39 | 3405634 thisandthat
thisandthat's picture

Because it would only end up hurting it (I'm going on a limb and assume he has any concern (and clue) about it - I know, silly)?

Wed, 04/03/2013 - 16:55 | 3405398 Pure Evil
Pure Evil's picture

They look eerily familar to the spectacles Himmler wore.

Mein Fuhrer

Wed, 04/03/2013 - 16:57 | 3405421 nope-1004
nope-1004's picture

Exactly.  Draghi is a freak.

 

Wed, 04/03/2013 - 16:50 | 3405361 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is to reprimand comment - Central Bank is adequately FIJCKED, Bankster is already to do too much FIJCKING, and Bankster is to enjoy FIJCKING, and if misinterpret, is construe as invitation to further FIJCK us little citizenry. Please, no more!

Wed, 04/03/2013 - 16:55 | 3405390 Cangaroo.TNT
Cangaroo.TNT's picture

Ill Mitch, is it you?

Wed, 04/03/2013 - 16:54 | 3405387 spankthebernank
spankthebernank's picture

Scott, can you tell that piece of shit technocrat, scumsucking, parasite, contributor-to-nothing, asshole, raised-by-monkeys fuckface to suck a cock?....Thanks in advance.

Wed, 04/03/2013 - 16:55 | 3405404 prains
prains's picture

What's your home address?

Wed, 04/03/2013 - 16:47 | 3405349 Theta_Burn
Theta_Burn's picture

Do you sleep well at night?

Wed, 04/03/2013 - 16:49 | 3405364 SpanishGoop
Wed, 04/03/2013 - 16:59 | 3405427 Another-Ex-RPI-Man
Another-Ex-RPI-Man's picture

Non-nerds playing a nerd game usually get burned. 

Wed, 04/03/2013 - 17:02 | 3405445 Mactheknife
Mactheknife's picture

Oh this should be really interesting.....welcome to fight club bitch!    Way to go Tyler.

 

 

Wed, 04/03/2013 - 16:49 | 3405355 Longtermnotreally
Longtermnotreally's picture

When is the next bank robbery due, and in which country?

Wed, 04/03/2013 - 16:52 | 3405360 newengland
newengland's picture

Question: why are you ruining nations in order to defend  unregulated otc derviatives made by the world's biggest commericial banks and their bonuses....equal to more than the world's gdp?

Why do you exist? You are a technocrat. No one elected you. Who appointed you? And why? Money printers can bail out the world, but only print money when it saves banks. Why?

The bastid Godless Goldmanite will lie with impunity, as per usual.

The BIS is in the process of punishing wrongdoers. Tick tock.

Wed, 04/03/2013 - 18:16 | 3405797 Ghordius
Ghordius's picture

tut, tut, tut - unregulated derivatives are after all an US "relaxation of the law" - heavely lobbied by the former Citi CEO, if I remember correctly. and the US are the only country that could revert again this obscene thing

Technocracy means "rule by knowledge", actually, meaning "by the experts" - so technocrat could be taken as a compliment

"No one elected you" - actually this is what appointed means - like ministers or police commissioners, etc. etc.

"who appointed you" - I definitely remember the long discussions in the France and Italy about this appointment - the answer is: the Council of the EU, i.e. the Heads of State/Government of the member countries. why should this be otherwise? the governors of the NCBs are appointed by their respective governments, after all (long tradition of seeing this as an independent part of the executive), and they are way more important (as we have seen in Cyprus) than the prez of the ECB (don't tell anybody)

"Why?" - you want the bitter, real truth? the megabanks have a tight grip on the planet, courtesy of the US political setup. again, this is a game of reaction: if the US bails it's banks, nobody else is willing to let their banking systems collapse

do ask the Cypriots on the street if they wanted a collapse of their banking system

Thu, 04/04/2013 - 04:17 | 3407108 auric1234
auric1234's picture

do ask the Cypriots on the street if they wanted a collapse of their banking system

Wrong question. Ask them if they would withdraw all their money if given a chance to do so.

Of course nobody wants to be the greater fool. But they couldn't care less about a banking collapse if they can get their money out safely.

 

Thu, 04/04/2013 - 05:57 | 3407153 Ghordius
Ghordius's picture

don't forget that Cyprus is a banking island - the most vocal protesters were bank employees

and after all, the one item nobody mentions: it's under the Cypriot NB Governor authorisation that all this banking holiday and cash withdrawal drama has been done

was it really necessary? I doubt it - and I doubt that his ECB collegues are happy with his "performance", so far

Wed, 04/03/2013 - 16:51 | 3405362 Pure Evil
Pure Evil's picture

Do you suffer from the drip, drip, drip of gonorrhea?

Wed, 04/03/2013 - 16:51 | 3405374 Boris Alatovkrap
Boris Alatovkrap's picture

Pure Zappa!

Wed, 04/03/2013 - 16:50 | 3405363 JohnG
JohnG's picture

Can I shove this big fucking microphone up your ass?

Wed, 04/03/2013 - 16:53 | 3405385 whisperin
whisperin's picture

Maybe we can finally understand him since its widely known that some CB's talk out their ass!!!

Wed, 04/03/2013 - 16:51 | 3405366 nowhereman
nowhereman's picture

If when things get tough you lie, are you lying now?

Wed, 04/03/2013 - 16:50 | 3405367 gimli
gimli's picture

Have you ever worked as a sheep shearer?

Wed, 04/03/2013 - 16:51 | 3405372 Boris Alatovkrap
Boris Alatovkrap's picture

If Boris is only have one question and Draghi must is to answer, Boris want to know who Draghi is employer. Who are man in shadow?

Wed, 04/03/2013 - 16:52 | 3405375 e_goldstein
e_goldstein's picture

Is Christine Lagarde's dick bigger than yours or just her sack?

Wed, 04/03/2013 - 16:52 | 3405381 not a twin
not a twin's picture

I don't mind so much what you ask, but can you use the word "tentacular" somewhere in your question?

Wed, 04/03/2013 - 16:54 | 3405382 Finnman
Finnman's picture

Do you really want to destroy Europe with your printing process?

Wed, 04/03/2013 - 16:54 | 3405383 Stuck on Zero
Stuck on Zero's picture

My Dear Mr. Draghi: "Please tell us when you will stop shafting the middle class."

 

Wed, 04/03/2013 - 16:54 | 3405391 Wakanda
Wakanda's picture

Mario, does Lloyd prefer spit or swallow?

Wed, 04/03/2013 - 16:55 | 3405392 SpanishGoop
SpanishGoop's picture

Mr. Draghi, when do you think it is the right time to short the F* Euro.

And would you be so kind to give me a call just before.

 

Wed, 04/03/2013 - 17:30 | 3405581 auric1234
auric1234's picture

How do you short the euro? You have to go long something in order to short something else. You didn't plan on going long dollars, did you?

 

Wed, 04/03/2013 - 16:54 | 3405395 Longtermnotreally
Longtermnotreally's picture

Do you really think centrally planned economies work better than free markets, and if so, for how long?

Wed, 04/03/2013 - 16:54 | 3405396 UK debt marsh
UK debt marsh's picture

How will Italy ever repay its €2 trillion public debt?

Does "doing whatever it takes" include lying a la Juncker ?

Wed, 04/03/2013 - 16:57 | 3405413 Longtermnotreally
Longtermnotreally's picture

Answer: "we wait until you can buy 2 eggs with a trillion euros, than we pay everything back at once"

Wed, 04/03/2013 - 16:54 | 3405397 loveyajimbo
loveyajimbo's picture

How does it feel to be buggered by Lloyd Blankfein?

Wed, 04/03/2013 - 16:55 | 3405403 dick cheneys ghost
dick cheneys ghost's picture

How often do you consult with the Saudi's about selling Oil in Euro's?

Wed, 04/03/2013 - 18:22 | 3405821 Urban Redneck
Urban Redneck's picture

How often do you consult with the Vlad about buying Oil in Euro's?


Or more to the point- does you backup plan (you do know what those are, right) for when the FRB is no longer able to maintain the status quo, involve a greater partnership with Moscow?

Wed, 04/03/2013 - 19:14 | 3406013 Ghordius
Ghordius's picture

damn isn't this a very good question. depend on the scenario, dosn't it?

Wed, 04/03/2013 - 20:12 | 3406216 Urban Redneck
Urban Redneck's picture

Since the answer to the $600 trillion question depends on that answer, it's big enough to lie about under any scenario.

Wed, 04/03/2013 - 16:56 | 3405409 Uinta
Uinta's picture

Is the ECB trading Bitcoins?

Wed, 04/03/2013 - 16:57 | 3405412 Z'
Z''s picture

I have seen several interviews with European Finance Ministers stating that it is imperative that nations remain in the Euro since individual currencies are 'attacked', creating mayhem for the national economies.  The idea seems to be that no matter how bad things get within the Euro, it is worth the sacrifices to sovereignty to protect against currency manipulation.  My question is, if it is currency manipulation that is the problem then why is that not addressed as the singular issue rather than unification within the larger EU construct?

Wed, 04/03/2013 - 19:15 | 3406023 Ghordius
Ghordius's picture

currency grids? Soros et al? note how many currencies are pegged to an anchor, nowadays

Wed, 04/03/2013 - 16:56 | 3405414 Watts_D_Matter
Watts_D_Matter's picture

Mario, when you fart, does Ben Bernacke's sperm ooze out?

Wed, 04/03/2013 - 17:09 | 3405419 McMolotov
McMolotov's picture

When you eat babies, do you prefer to sauté them in butter and a little oregano or brush them with olive oil and grill them?

Wed, 04/03/2013 - 19:18 | 3406027 Ghordius
Ghordius's picture

in the legend moneychangers eat babies cooked in their mother's milk

Wed, 04/03/2013 - 16:57 | 3405424 fijisailor
fijisailor's picture

Are gold and silver money?  Do you support the Germans in their effort to get theirs out of the US?

Wed, 04/03/2013 - 19:20 | 3406034 Ghordius
Ghordius's picture

nearly all europeans see gold and silver as money (gold more so)

Wed, 04/03/2013 - 17:02 | 3405429 williambanzai7
williambanzai7's picture

Would you please autograph my Banzai7 Fine Art Print?

NAPOLEON BLOWNAPARTE

Wed, 04/03/2013 - 17:02 | 3405443 PUD
PUD's picture

That would rule.

Wed, 04/03/2013 - 17:04 | 3405454 williambanzai7
williambanzai7's picture

Question 2: How long did it take to train your crotchhund to junk on Zero Hedge?

Wed, 04/03/2013 - 17:01 | 3405432 slightlyskeptical
slightlyskeptical's picture

Q.  Why do you think that 9 out of 10 ZH readers are grown up adolescents?

A.  I just read the thread.

 

Grow up already people. Doesn't do the credibility of ZH one bit of good. Pleanty of other places to exhibit hate and disgusting sexual references. So what? You get an up arrow from another retard?

I would ask him if they ever considered turning the tables and helping out the consumer directly? And wouldn't such action then serve to help the banks as well? Why exactly are you not pursuing "trickle-up" policy?

Wed, 04/03/2013 - 17:08 | 3405450 newengland
newengland's picture

Draghi represents the failures. The BIS is aware, and in the process of punishing failures.

All the pretty pets of modern economics and politics and gangsta bankstas will be punished, severely. Lose their status and money.

Good.

Wed, 04/03/2013 - 17:07 | 3405458 McMolotov
McMolotov's picture

You give the man far too much credibility. We're dealing with sociopaths who care fuck-all about the average person. We could ask legitimate questions, or we can insult him because he simply isn't worthy of having legitimate questions asked of him.

These assholes have turned the entire world into a farce. It's only natural that we respond by mocking them.

Wed, 04/03/2013 - 17:08 | 3405487 morning
morning's picture

Sir, I drink another in your honor.

Wed, 04/03/2013 - 17:24 | 3405551 Al Huxley
Al Huxley's picture

Not to mention that, as a member of the club of sociopaths currently running the world's financial system, he doesn't give a flying fuck what anybody outside his little oligarchical club thinks anyway.  We're all just so many cattle to them.  They deserve the mockery, but it has no effect on them - if the cows in a pasture were mocking you, would you know, and if you did know, would you care?  That's how Mario and friends see the world.

Wed, 04/03/2013 - 17:36 | 3405623 newengland
newengland's picture

That's how they see the world. The Press CONfidence is political theater.

Wed, 04/03/2013 - 17:16 | 3405522 walküre
walküre's picture

if they ever considered turning the tables and helping out the consumer directly?

are you kidding? where would be the benefit for them in doing that? unless their lives are threatened they will demand to have their cake and eat it too.

they care sweet fuck all about you or me or anyone else here

psychopaths don't have emotions like that

Wed, 04/03/2013 - 18:14 | 3405784 newengland
newengland's picture

+1 walkure. The ZH bored wouldn't let me give you a green, so this is it.

Realpolitik. Social media serves its hidden paymaster.

Wed, 04/03/2013 - 17:01 | 3405436 PUD
PUD's picture

How exactly is the pillaging of ordinary Cypriots life savings not theft?

follow up please

Are you lying now or were you lying then?

Thank you, Pud

Wed, 04/03/2013 - 17:00 | 3405438 OldE_Ant
OldE_Ant's picture

When (or under what circumstances) do you think the Eurozone countries will allow the ECB to monetize European debt as the FED is doing for the US?

Wed, 04/03/2013 - 17:01 | 3405439 newengland
newengland's picture

I think ZH and its associate will field intelligent questions, more so than many of its readers.

Wed, 04/03/2013 - 17:01 | 3405442 Joe A
Joe A's picture

Aren't you in fact Beelzebubba?

Wed, 04/03/2013 - 17:02 | 3405446 Al Huxley
Al Huxley's picture

Why should anybody believe anything you or any other banker or politician says?

Wed, 04/03/2013 - 17:03 | 3405449 q99x2
q99x2's picture

Draghi and the NWO need to pay me more for not asking questions but if I did ask one I'd ask him why N.Korea has announced it is targeting Alex Jones in Austin, Tx.

Wed, 04/03/2013 - 17:03 | 3405453 PUD
PUD's picture

Is Greece, Spain, Italy, ireland, Portugal or Cyprus better off now than a year ago....please detail the many ways

Wed, 04/03/2013 - 17:04 | 3405457 sangell
sangell's picture

How does the ECB intend to resolve the Target 2 losses that would occur should a member state either reject Troika conditionality or be unable to bailout its banks. 

Wed, 04/03/2013 - 17:19 | 3405527 walküre
walküre's picture

great question and the Germans want to know.

Wed, 04/03/2013 - 17:05 | 3405465 css1971
css1971's picture

So when you said "whatever it takes" you were lying, no?

Wed, 04/03/2013 - 17:33 | 3405609 auric1234
auric1234's picture

No. I think when he says they will print as many paper notes it takes, he meant it. Too bad eventually the paper becomes completely worthless, so the "whatever it takes" amount is infinite.

 

Thu, 04/04/2013 - 02:36 | 3407037 Ghordius
Ghordius's picture

LOL - excellent one. imo he knew that Europeans would get a different message than Americans from those words, so it's (imho) an very good... deception

Wed, 04/03/2013 - 17:07 | 3405476 Temporalist
Temporalist's picture

Mr Draghi, when Goldman Sachs owns everything, what planet will they attack next?

Wed, 04/03/2013 - 17:06 | 3405478 Elijah Craig 18
Elijah Craig 18's picture

Super Mario, did anyone ever bother on a legal documented definition of OMT?

Wed, 04/03/2013 - 17:11 | 3405496 morning
morning's picture

(angus young on gunpowder mode)Mario, what do you do for moar-io?

Wed, 04/03/2013 - 17:11 | 3405500 fijisailor
fijisailor's picture

Please explain the democratic process leading to the bail-in of Cypress.

Wed, 04/03/2013 - 17:12 | 3405503 Herman_the_German
Herman_the_German's picture

We lived in strange times when a German was pope in Rome and an Italian Central Banker in Frankfurt.

One part is already reversed, when will you do your part ?

Wed, 04/03/2013 - 17:47 | 3405540 newengland
newengland's picture

And the son of a German jew, AshekeNAZI is now Head of the Church of England. Strange times, indeed. No surprise that his Easter message told Britons not to believe in him.

He is a money grubbing oil man and Mi6 whore, all for the Internationale, appointed by the defunct slut, formerly known as the Church of England.

Wed, 04/03/2013 - 17:14 | 3405504 Temporalist
Temporalist's picture

How much does it cost to feed your flying monkeys?

Did you ever watch the Muppet Show?

Do your nipples get hard when you hear another poor citizen self-immolated?

Wed, 04/03/2013 - 17:14 | 3405505 bardot63
bardot63's picture

Here's my question:  What's your neck size, Mario?

Wed, 04/03/2013 - 17:13 | 3405507 dufferin
dufferin's picture

Ask the cock sucker what would be a fair jail time for his theft commited thru a criminal organization?

 

Wed, 04/03/2013 - 17:17 | 3405520 Essential Nexus
Essential Nexus's picture

Dear Mario,

What would be a good litmus test to determine if democracy is dead in Europe?

Wed, 04/03/2013 - 17:33 | 3405571 newengland
newengland's picture

Or: when will the European Union publish independent  accounts, signed off by an independent accountant? In a democracy, people want to know that their money is spent honestly.

The European Press are rife with proof of corruption and theft in Brussels. Here is your chance to end that, and say when the European Union will get its accounts signed off by an independent auditor.

When will an independent auditor sign off on the European Union account which takes money from people without accounting for it?

(It hasn't done so for more than a decade because no independent auditor would sign it off.)

 

Wed, 04/03/2013 - 17:26 | 3405558 Cacete de Ouro
Cacete de Ouro's picture

What percentage of Giacomo's Morgan Stanley bonus do you take? Or does Morgan just give you a nice big Berry Bros hamper at Christmas with a few 400oz gold bars hidden in the straw?

Wed, 04/03/2013 - 17:30 | 3405579 Al Huxley
Al Huxley's picture

Do you ever intend to let market forces act on the financial institutions, so the fucking zombies can finally be killed and we can return to some sort of system where value is created by 'building stuff and selling it to other people' rather than trading derivatives on derivatives of interest rate swaps on CDS backed currency swaps of interest-rate option derivatives'?

Wed, 04/03/2013 - 18:34 | 3405848 Urban Redneck
Urban Redneck's picture

When can we expect an ECB round of stress tests that is able to ACCURATELY PREDICT the eurozone banks which will fail over the twenty-four months?  

What is your excuse for the utter failure of EACH AND EVERY round of completed ECB stress tests to ACCURATELY IDENTIFY the eurozone banks which will fail over the following twenty-four months?  

Given the demonstration of utter inability of ECB management to even identify troubled eurozone banks in a timely fashion, why should the citizens of eurozone countries have ANY faith in ECB management to actually solve the systemic issues that these banks face? 

Wed, 04/03/2013 - 17:31 | 3405587 Al Huxley
Al Huxley's picture

Do you and the European FIs have plans for getting back into MBS now that the US Real Estate Market has recovered and is booming again?

Wed, 04/03/2013 - 17:32 | 3405593 Al Huxley
Al Huxley's picture

Do you have any inside info as to why it's taking 7 years to get a small amount of their gold out of NY?  Is it because they only have a small rowboat to carry it in?

Wed, 04/03/2013 - 17:33 | 3405599 Al Huxley
Al Huxley's picture

Do you expect any repercussions from trying to fuck the Russians over in Cyprus?  What are the plans for heating next winter when the gas flow from Russia suddenly 'experiences technical difficulties' and is cut off?

Wed, 04/03/2013 - 17:38 | 3405600 Frank N. Beans
Frank N. Beans's picture

isn't your real name the Supervillain Ernst Stavro Blofeld, head of S.P.E.C.T.R.E.?

Wed, 04/03/2013 - 17:33 | 3405602 insanelysane
insanelysane's picture

If Jesus needs to monetize debt does he need to call down to Hell to get a Central Banker or is there a direct number?

Wed, 04/03/2013 - 17:41 | 3405638 newengland
newengland's picture

Jesus said: believe Moses and the Torah who wrote of me.

It is the choice of men to choose: God or Satan. Sound values for community or money changers. 

Jesus threw the moneychangers out of the temple of civilisation.

You can give someone values and facts. You cannot give him good judgement. It is a choice, not a dictat.

Wed, 04/03/2013 - 17:34 | 3405618 Al Huxley
Al Huxley's picture

How long do you think you and your buddies can keep the exponential sovereign debt growth curve going?  Are you familiar with boom-bust cycles in rabbit populations?  If the the sovereign debt curve follows the same path as the rabbit population curve, what are your plans for dealing with the crash?  Where will you be hiding?

Wed, 04/03/2013 - 17:35 | 3405624 Essential Nexus
Essential Nexus's picture

Because Mario is a liar, there are only two objectives:

1. Ask questions that give a better understanding of the way he thinks

2. Ask questions that embarass him

 

Wed, 04/03/2013 - 17:41 | 3405652 newengland
newengland's picture

Yep.

Lure him into the open.

Thu, 04/04/2013 - 04:23 | 3407110 auric1234
auric1234's picture

Wonderfully put brother.

 

Wed, 04/03/2013 - 17:40 | 3405648 Aurora Ex Machina
Aurora Ex Machina's picture

Simply ask: Does the grasshopper lie heavy, as you stand atop the world?

 

El ayre de la almena,
cuando ya sus cabellos esparzia,
con su mano serena
en mi cuello heria,
y todos mis sentidos suspendia.

Quedeme y oluideme,
el rostro recline sobre el amado,
ceso todo, y dexeme,
dexando mi cuidado
entre las açucenas olvidado.(source)

Wed, 04/03/2013 - 17:42 | 3405650 Cacete de Ouro
Cacete de Ouro's picture

How does it feel to be hunted?

Don't worry if you can't answer straight away. It will become clear in, o, maybe a couple of years...

Wed, 04/03/2013 - 17:43 | 3405657 Cacete de Ouro
Cacete de Ouro's picture

Is the food in the BIS executive restaurant as good as the hookers in the country club?

Wed, 04/03/2013 - 17:43 | 3405661 Anglo Hondo
Anglo Hondo's picture

Question to Draghi:  Which blood group do you prefer, and why?

Second question:  Rhesus Pos or Neg?

 

Wed, 04/03/2013 - 17:45 | 3405669 Cacete de Ouro
Cacete de Ouro's picture

When did the new BIS Gold Pool begin under Leutwiler, was it 1982 or 1983?

Wed, 04/03/2013 - 17:58 | 3405694 newengland
newengland's picture

Long after commercial banks stuffed their shareholders, and political pets did too.

Nations are ruined, and you ask a question in your counting house.

Wed, 04/03/2013 - 17:52 | 3405695 HD
HD's picture

Five years on we continue to be in rolling crisis - what if central banks have been completely wrong? Why should the common man continue to trust central bankers?

Wed, 04/03/2013 - 17:53 | 3405701 Iam Yue2
Iam Yue2's picture

Have you ever considered suicide?

Wed, 04/03/2013 - 17:54 | 3405707 Fruitcake
Fruitcake's picture

Question to Mario ; is it true angela merkel always starts to smell a little bit when discussions get heated ?

Wed, 04/03/2013 - 17:58 | 3405721 Yen Cross
Yen Cross's picture

     Mr. Draghi can you please tell us who is buying  PIIGS debt, and what(figure) exactly is your monthly POMO allotment .

 Secondly can you please tell us how said dispersments are allocated? Ex; swaps/excess reserves.

Wed, 04/03/2013 - 18:02 | 3405729 newengland
newengland's picture

A surgical strike, Mr Yen.

Facts need to be known, not fantasy.

Wed, 04/03/2013 - 18:09 | 3405772 thisandthat
thisandthat's picture

Will he have balls to come to ZH and answer questions here? That's my question for the most illustrous and excellent lord of the Dragons.

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