Berlusconi Screws Over The Wrong Person: ECB Shake Up Imminent Following Big French-Italian Relations SNAFU?

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Fri, 10/21/2011 - 14:14 | 1797817 redpill
redpill's picture

Indeed math is very stubborn.  I think we need a formal investigation into mathematicians for potentially criminal speculative conduct.

In fact, we might as well just BAN MATH, like Euro financial institution short-selling.  It's just a nasty and unhelpful concept.  We need SOLUTIONS for Europe, not petty, obstructionist mathematics.

Fri, 10/21/2011 - 14:16 | 1797875 Hephasteus
Hephasteus's picture

We need a good rumor about mysterious alchamathmeticians that know how to solve the p does not = p + i formula.

Fri, 10/21/2011 - 14:29 | 1797927 redpill
redpill's picture

We don't need formulas, and why do people keep saying this is all unaffordable?  Why why why?  Just stop!  Why can't we just say it IS affordable, and then we will live our lives knowing it is affordable and it will BE affordable.  You see?  Math and formulas are impeding this successful process.

Fri, 10/21/2011 - 14:49 | 1798023 DoChenRollingBearing
DoChenRollingBearing's picture

+ ex

Fri, 10/21/2011 - 17:04 | 1798589 Fukushima Sam
Fukushima Sam's picture

Sarkozy is frantic, on the phone with NATO trying to figure out how they can bomb Italy and make it look like rebels.

Fri, 10/21/2011 - 17:45 | 1798707 Hephasteus
Hephasteus's picture

How big of a hooker bunker does he have in the underground missile (hide out from the pissed off slaves chamber).

Fri, 10/21/2011 - 22:02 | 1799344 Larry Darrell
Larry Darrell's picture

This cover story is really quite simple.

It doesn't have to be rebels.

The false flag can be blamed on those who supported Gadaffi as retaliation for his assassination.  Retaliation against Italy instead of France simply because it is geograpically closer, so easier to attack.

Fri, 10/21/2011 - 15:23 | 1798190 AcidRastaHead
AcidRastaHead's picture

Damn, I knew I should have played and frolicked that one summer instead of taking calculus in summer school.

Fri, 10/21/2011 - 17:01 | 1798576 Pegasus Muse
Pegasus Muse's picture

You see that photo?  Berlusconi is a University of Texas fan. 

Hook'em Horns, Berli! 

Fri, 10/21/2011 - 14:39 | 1797972 Deadpool
Deadpool's picture

Archduke Ferdinand will set things right again...Oh, right. Not good.

Fri, 10/21/2011 - 14:17 | 1797882 sqz
sqz's picture

Epic Nepotism Battles of History #195583

Fri, 10/21/2011 - 15:58 | 1798350 gojam
gojam's picture


Too big headed to fail ??

Fri, 10/21/2011 - 14:22 | 1797900 Unprepared
Unprepared's picture

Sarkastick would be even more pissed off when he discovers that Buralesque has also planted an undercover agent in the French presidential bed

Fri, 10/21/2011 - 19:37 | 1799058 kaiserhoff
kaiserhoff's picture

Seenayourayeh ,  I'va splain to you again and again..., You donna fuck with the froggie, hezza little boy, or hezza goat, until AFTER  you getta alla hez MONEY.

Fri, 10/21/2011 - 14:42 | 1797975 Manthong
Manthong's picture

So the spaghetti slinging Chianti chuggers fart in the general direction of the cheese eating surrender monkeys..

That's OK.. the kraut and sardine slobberers from the north will pay for the whole feast.

Fri, 10/21/2011 - 14:54 | 1798054 redpill
redpill's picture

Yes!  And the defacto Kings and Queens of Europe shall dine on the backs of the peasantry once again, just like the old days.  Huzzah!  Serving wench, bring us more mead!

Fri, 10/21/2011 - 14:04 | 1797819 earleflorida
earleflorida's picture

hard wired fool's i say,... unadulterated incest gone wild! 

Fri, 10/21/2011 - 14:16 | 1797871 Ahmeexnal
Ahmeexnal's picture

Berlusconi fathered Carla Bruni's child??
Sarkozy must be enraged!
This means war.

Fri, 10/21/2011 - 14:40 | 1797981 macholatte
macholatte's picture

Does this mean Goldman Sachs is out? If yes, then here's a green arrow for Berlusconi!

Nicholas Sarkozy, who had previously made it clear he would advance his support of incoming ECB head, former Goldmanite and current Bank of Italy head, Mario Draghi


from Wiki:

Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries' economic status. Draghi responded that the deals were "undertaken before my joining Goldman Sachs [and] I had nothing to do with" them, in the 2011 European Parliament nomination hearings.[4][5]




Fri, 10/21/2011 - 14:23 | 1797910 Nascent_Variable
Nascent_Variable's picture

Zay must prezerf membership stabeeleetee.

Fri, 10/21/2011 - 14:07 | 1797828 SwingForce
SwingForce's picture


Fri, 10/21/2011 - 14:08 | 1797839 jdelano
jdelano's picture

No, it's an effin Fellini film

Fri, 10/21/2011 - 14:12 | 1797858 sushi
sushi's picture

Where is Mrs Teasdale when you need her?

Fri, 10/21/2011 - 14:07 | 1797829 mayhem_korner
mayhem_korner's picture




Fri, 10/21/2011 - 14:08 | 1797834 Deadpool
Deadpool's picture

this may be the most ludicrous policy making era of all time. France wants Germany to pay more to save themselves, Germany wants to pay less to protect themselves and Italy wants them both to go to hell and it's all over Greece and Spain (WWII was more easily settled). it's flippin' hilarious. Al Quida must be laughing their collective asses off. And this while Q-daffy, Mubarak and Assad fall. Thank God America is separated by an ocean (of water and dollars)...for now.

Fri, 10/21/2011 - 14:47 | 1798014 agent default
agent default's picture

France wants to tangle Germany into a levered mechanism so that Germany cannot one day get up and leave the Euro.  One debt to bind them all.

Fri, 10/21/2011 - 14:51 | 1798030 redpill
redpill's picture

Of course, and I'm sure there are some of the German elite who don't mind that because it will give them more political "pull" in the overarching EU structure.  The one stubborn sticking point is the German people, who for some reason don't want to be totally fucked over.  So the trick is, we have to make this bailout scheme so goddamn complicated that no one really understands it anymore.  Because if it was understandable, the German people would never go for it.

Fri, 10/21/2011 - 14:09 | 1797837 sockcutter moto...
sockcutter motorforker's picture

hes probably going to use those seats at the ECB to secure more bunga bunga

Fri, 10/21/2011 - 14:10 | 1797847 AldoHux_IV
AldoHux_IV's picture

Put 'em in the octogon.

Fri, 10/21/2011 - 14:18 | 1797884 NotApplicable
NotApplicable's picture

When two tribes go to war, one is all that you can score.

Fri, 10/21/2011 - 14:10 | 1797848 101 years and c...
101 years and counting's picture

LOVE IT!  Italy knows they have france and germany by the short and curlies and is making it known.  Bail US out or YOUR banks fail.  Why Greece doesnt do the same...I HAVE NO IDEA.

Fri, 10/21/2011 - 15:34 | 1798237 PivotalTrades
PivotalTrades's picture

greece to small

Fri, 10/21/2011 - 14:11 | 1797852 Andrew Jackson ...
Andrew Jackson epitaph's picture

European financial mess. Monty Python's style. Vostfr

Fri, 10/21/2011 - 14:14 | 1797865 the iD
the iD's picture

its not delivery, its DiGiorno.

Fri, 10/21/2011 - 14:15 | 1797866 Wolferl
Wolferl's picture

Bravo, cavaliere. Tell this frogeating dwarf what an a$$hole he is. Sometimes, very rarley, i really like what Silvio is doing.   

Fri, 10/21/2011 - 14:16 | 1797868 drider
drider's picture

That was a really slick move that Berlusconi pulled. Kudos to him!

Fri, 10/21/2011 - 14:16 | 1797874 Temporalist
Temporalist's picture

Isn't Snafu the name of one of the bunga bunga girls?

Fri, 10/21/2011 - 15:16 | 1798160 Money 4 Nothing
Money 4 Nothing's picture

No, no no.. Her name is Snatch Fu, she was the Oriental one from the last December get together.

Fri, 10/21/2011 - 14:17 | 1797877 spastic_colon
spastic_colon's picture it possible we are paying TOO much attention to Europe?  I know we should be, but it could also be a bit of a smokescreen to the below........From the ECRI, and not that it is a surprise...........

U.S. Economy Tipping into Recession

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off.

ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down – before the Arab Spring and Japanese earthquake – to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not “soft landings.”

Last year, amid the double-dip hysteria, we definitively ruled out an imminent recession based on leading indexes that began to turn up before QE2 was announced. Today, the key is that cyclical weakness is spreading widely from economic indicator to indicator in a telltale recessionary fashion.

Why should ECRI’s recession call be heeded? Perhaps because, as The Economist has noted, we’ve correctly called three recessions without any false alarms in-between. In contrast, most of those who’ve accurately predicted a recession or two have also been guilty of crying wolf – in 2010, 2005, 2003, 1998, 1995, or 1987.

A new recession isn’t simply a statistical event. It’s a vicious cycle that, once started, must run its course. Under certain circumstances, a drop in sales, for instance, lowers production, which results in declining employment and income, which in turn weakens sales further, all the while spreading like wildfire from industry to industry, region to region, and indicator to indicator. That’s what a recession is all about.

But how can we have a new recession just a couple of years after the last one officially ended? Isn’t this too short for an economic expansion?

More than three years ago, before the Lehman debacle, we were already warning of a longstanding pattern of slowing growth: at least since the 1970s, the pace of U.S. growth – especially in GDP and jobs – has been stair-stepping down in successive economic expansions. We expected this pattern to persist in the new economic expansion after the recession ended, and it certainly did. We also pointed out – months before the recession ended – that because the “Great Moderation” of business cycles (from about 1985 to 2007) was now history, the resulting combination of higher cyclical volatility and lower trend growth would virtually dictate an era of more frequent recessions.

So it comes as no surprise to us that, with the latest expansion only a couple of years old, we’re already facing a new recession. Actually, such short expansions are hardly unheard of. From 1799 to 1929, nearly 90% of U.S. expansions lasted three years or less, as did two of the three expansions between 1970 and 1981. In other words, such short expansions are unusual only with respect to recent decades.

It’s important to understand that recession doesn’t mean a bad economy – we’ve had that for years now. It means an economy that keeps worsening, because it’s locked into a vicious cycle. It means that the jobless rate, already above 9%, will go much higher, and the federal budget deficit, already above a trillion dollars, will soar.

Here’s what ECRI’s recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.

aaannny who...............

Fri, 10/21/2011 - 14:23 | 1797906 jdelano
jdelano's picture

sssssshhhhhh!!! you're scaring baby Michael  (Murphy)

Fri, 10/21/2011 - 14:48 | 1798015 spastic_colon
spastic_colon's picture

Thanks.........I guess the ECRI's reports are no longer the darlings of the MSM and talking heads etc.  Today's report got no respect.  They has become the Tom Cruise of indicators............apologies for the OT posting

Fri, 10/21/2011 - 14:43 | 1798001 Wolferl
Wolferl's picture

Off topic but a good posting.

Fri, 10/21/2011 - 14:17 | 1797879 High Plains Drifter
High Plains Drifter's picture

what does it mean when someone makes a hand sign like that?  ron paul makes that sign too...........hmmmm

Fri, 10/21/2011 - 14:22 | 1797903 Ahmeexnal
Ahmeexnal's picture

It's a jedi thing.

Fri, 10/21/2011 - 14:25 | 1797912 SpeakerFTD
SpeakerFTD's picture

ron paul makes that sign too...


...when Texas plays Oklahoma

Fri, 10/21/2011 - 14:31 | 1797939 Conax
Conax's picture

it means Hail Satan, I'm your boy!

(or it's just a gang sign, like "we bad" or something.)

Fri, 10/21/2011 - 14:53 | 1798046 mahalopamala
mahalopamala's picture

Me thinks he is signaling all his freemason buddies.


Fri, 10/21/2011 - 15:20 | 1798134 Money 4 Nothing
Money 4 Nothing's picture

Me thinks he is signaling how many legitimate marriages are in his family..

Fri, 10/21/2011 - 14:51 | 1798026 Use of Weapons
Use of Weapons's picture

The intarweb has four main theories:

#1 It is the universal sign of the Lucifarian cabal bent on bringing the world into Satan's grasp and/or Bohemian grove Illuminati, favoured by politicians [thumb extended?]

#2 It is the universal sign of rock & roll, favoured by Kiss and so forth [no thumb extended]

#3 It is the sign of a Southern US sports team, most likely with a name related to bovines [thumb unknown]

#4 It is the Italian way of saying "your wife is cheating you, probably with your best friend" [no thumb extended] ( for an old Naples guy explaining them all - look to the last couple of minutes)


Someone above understood it, thus the comments about fathering Sarkozy's newborn daughter... It has been commented on previously that the Big Bunga was signalling his clear intention to his detractors, Europe and the world in general that he wasn't playing the game. Coupled with his "Italy is shit" comments, the old fox does it again.


Wow, bizarre world - sign language lessons on a financial blog

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