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I Drink EUR Milkshake: European Currency Plunge Continues

Tyler Durden's picture


EURUSD just broke below 1.2400 - back to July 2010 levels


On Milkshakes...

Chart: Bloomberg


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Wed, 05/30/2012 - 10:44 | 2475518 Quinvarius
Quinvarius's picture

Is this the final run of stops before the intervention?  I have no idea.

Wed, 05/30/2012 - 10:47 | 2475538 battle axe
battle axe's picture

Bank run! But where do you run to when your currency is going down? Gold

Wed, 05/30/2012 - 10:49 | 2475552 SHEEPFUKKER

Euro plunging. Who cares? At least FB is in the green today. ;)

Wed, 05/30/2012 - 10:58 | 2475600 slaughterer
slaughterer's picture

Not green anymore...

Wed, 05/30/2012 - 11:04 | 2475623 slewie the pi-rat
slewie the pi-rat's picture

let me go out on a limb here:  risk0ff?

yer tits look great this morning

Wed, 05/30/2012 - 10:51 | 2475562 CrashisOptimistic
CrashisOptimistic's picture

You must mean some other gold than the one on my screen that is down $7.

Wed, 05/30/2012 - 10:58 | 2475601 Quinvarius
Quinvarius's picture

Europe is down like 1.5%.  So gold wins!

Wed, 05/30/2012 - 11:03 | 2475620 Winston Churchill
Winston Churchill's picture

While its still available(think 2008) who give a shit what

the paper gold price is doing.

We're in extra time,this game is just about over.

Last one holding paper loses.

Wed, 05/30/2012 - 11:18 | 2475694 RoadKill
RoadKill's picture

You clearly dont understand. Gold will go up no matter if its deflation or inflation. That number on your screen isnt gold. Its paper. If you tried to buy a physical bar at that price you couldnt. It would cost you like $10,000 an ounce. And if somehow you did find real gold to buy at this price its all bankster manipulated bs. JPM, vampire squid, Rockerfeller, Rothchild, Illuminati

Buga buga buga...


Wed, 05/30/2012 - 11:55 | 2475862 HungrySeagull
HungrySeagull's picture

You can buy how ever much Gold or silver physical as much as your money can stand.

Aint no one telling you otherwise... if they are, tell them to shove the 100 ounce bar and ream it.

If those effermite lackey yesmen can even lift one.

Wed, 05/30/2012 - 12:27 | 2476054 francis_sawyer
francis_sawyer's picture

Roadkill is the only one on this thread who doesn't require today's 'junking troll' to put his comments in the red...

Wed, 05/30/2012 - 13:08 | 2476277 Chappy
Chappy's picture

I don't know where you shop but I buy gold for $65 over spot or 100$ over spot if less than an ounce (which is always is).  He may not have a bars worth in invemtory but he has plenty for my needs.

Wed, 05/30/2012 - 10:58 | 2475599 aleph0
aleph0's picture




Ever tried to park $100 Billion in Physical Gold "Overnight" ? ... more like you need 6 months for delivery , unless of course the price is realistic , like 10x$1530.
i.e. first stop is USD.

Wed, 05/30/2012 - 11:03 | 2475617 brooklynlou
brooklynlou's picture

Er ... USD.

Trillions of them ... everywhere ... freshly printed no less.


Wed, 05/30/2012 - 10:51 | 2475542 slaughterer
slaughterer's picture

All the German exporters are cheering at this development right now...  The sinking EUR makes up for Bayern Muenchen losing to Chelsea.

Wed, 05/30/2012 - 11:27 | 2475693 vast-dom
vast-dom's picture

Hah! That Blood movie should be retitled There Will Be Milkshake....every time i see that thespianism i think of Ron Burgandy Anchorman.....I swear Will Ferrell shoulda won the oscar instead of the above....oh well.....milkshakes can't make movies any better than EURUSD....

Wed, 05/30/2012 - 10:47 | 2475523 francis_sawyer
francis_sawyer's picture

 "back to July 2010 levels"


July 2010 levels?

You mean... One month before Jackson Hole (QE2)?... Is that the 2010 you're referring to? I remember those days... You could still buy Ag for under $20... Fond memories...

Wed, 05/30/2012 - 11:10 | 2475651 EL INDIO
EL INDIO's picture

Speaking of that, the commodities index (CCI) is nearly at July 2010 levels! (Except PMs are higher)

If/when the CCI goes below 500, expect the printing presses to be warmed up.

Wed, 05/30/2012 - 10:46 | 2475524 GeneMarchbanks
GeneMarchbanks's picture

Ah, what will said at parity? Other than several headlines about Germany outperforming and looking for a way out of the €.

Wed, 05/30/2012 - 10:47 | 2475539 EscapeKey
EscapeKey's picture

At parity, other central banks will definitely start printing.

Wed, 05/30/2012 - 10:53 | 2475579 GeneMarchbanks
GeneMarchbanks's picture

LOL, I love your originality, also your hair is nice, Irish?

Wed, 05/30/2012 - 10:56 | 2475597 EscapeKey
EscapeKey's picture

Er... google "Anna Chapman".


Wed, 05/30/2012 - 10:45 | 2475525 ghostzapper
ghostzapper's picture

"Sack, goddamnit pick up your phone!!!!"


"Yes this is Sack"


"It's ES you moron, E and S, punch it in all hands on deck now"



Wed, 05/30/2012 - 10:48 | 2475530 Eclipse89
Eclipse89's picture

Gazpacho, bitchez.

Draghi, you bitchslapper, fix it for us now!

Wed, 05/30/2012 - 10:47 | 2475537 the not so migh...
the not so mighty maximiza's picture

O wow, a BMW will go for 10,000 US fiatscos at this rate

Wed, 05/30/2012 - 10:53 | 2475578 brooklynlou
brooklynlou's picture

Mmmmmmm. 2014 Audi A3 ..... Mmmmmm .... come to Daddy

Wed, 05/30/2012 - 11:06 | 2475632 MsCreant
MsCreant's picture

...right over a cliff. I'd just get out of the way, too much to dodge here.

Wed, 05/30/2012 - 12:20 | 2476015 slewie the pi-rat
slewie the pi-rat's picture

63 dodge dart convert

one of the finest rides ever made

push-button tranny, too?

63dart9.jpg (JPEG Image, 1024 × 768 pixels) - Scaled (86%)

63vert.jpg (JPEG Image, 717 × 538 pixels)

these cars are so simple and inexpensive and fun they wouyld certainly be totally illegal, everywhere to mfg, today

here's the wagon with aftermarket grill and mags: 63wagon4.jpg (JPEG Image, 956 × 600 pixels)

get the corn and bullshit outa the gas, too!  it's costing us waaaay  too much:  break all the fuking windows in washington instead and start the greatest economic  boom in history!  go krugman on the state's glass?  maybe congress would like new offices to "raise money" from? 

win-win, BiCheZ!

Wed, 05/30/2012 - 11:39 | 2475797 Ethics Gradient
Ethics Gradient's picture

Until Germany rediscovers DMs when a 316i will be $120k.

Wed, 05/30/2012 - 10:47 | 2475541 LawsofPhysics
LawsofPhysics's picture

Parity, one world currency,  order up...


Wed, 05/30/2012 - 10:51 | 2475567 kridkrid
kridkrid's picture

what happens to the debt...Debt Jubilee?  Or just converted into whatever the single currency is?

Wed, 05/30/2012 - 10:52 | 2475570 Matt
Matt's picture

With Carbon Cap & Trade to provide equalization payments from wealthier to poorer regions? Sounds like a brilliant (diabolical) plan (that is sure to fail).

Wed, 05/30/2012 - 10:54 | 2475582 DOT
DOT's picture

Being a Wisconsin resident I urge everyone to drink milkshakes.  Eating peas will remain optional.

Debasement will be followed by replacement.

Wed, 05/30/2012 - 10:59 | 2475603 A Lunatic
A Lunatic's picture

Parity, humongous transfer of US wealth to EU, sharp decline in US standard of living, WWIII, and THEN one world currency and government.

Wed, 05/30/2012 - 11:05 | 2475627 Terminus C
Terminus C's picture

you are crazy.

Wed, 05/30/2012 - 11:21 | 2475708 LawsofPhysics
LawsofPhysics's picture

Maybe he ism but then 6000+ years of human history would be wrong.  What are the chances?  hedge accordingly.

Wed, 05/30/2012 - 11:40 | 2475803 Ethics Gradient
Ethics Gradient's picture

Hedge by what? Moving to Mars?

Wed, 05/30/2012 - 10:49 | 2475555 mrktwtch2
mrktwtch2's picture

everybody expects an intervention..maybe thats why they wont do it..could the fed and merkel be short the euro?? stranger things have

Wed, 05/30/2012 - 11:10 | 2475654 MsCreant
MsCreant's picture


Wed, 05/30/2012 - 12:03 | 2475911 Nobody For President
Nobody For President's picture

Any more good news for us this morning, MS?

Wed, 05/30/2012 - 10:50 | 2475557 Dr. Engali
Dr. Engali's picture

The game of chicken between the central banks is not going to end well. I wonder who will be the first beheaded poultry.

Wed, 05/30/2012 - 11:06 | 2475630 Terminus C
Terminus C's picture

the sheeple

Wed, 05/30/2012 - 10:51 | 2475559 Cognitive Dissonance
Cognitive Dissonance's picture

Dammit. I told you not to hit the "FLUSH" button until after I left the building.

Now how am I going to get these stains out?

Wed, 05/30/2012 - 10:51 | 2475560 geewhiz190
geewhiz190's picture

as an aside, the rally in T-bonds may be in it's terminal stage with a move to 2.5% given the negative articles on gold starting to become more common, a low may be within sight as the dollar's rally has become pretty extended on the short term

Wed, 05/30/2012 - 10:53 | 2475576 CrashisOptimistic
CrashisOptimistic's picture

You mean this is the end of the 30 year rally in bonds?  You've found the endpoint of 30 years?

Wed, 05/30/2012 - 10:59 | 2475604 geewhiz190
geewhiz190's picture

i call this the ABC market- Anything But Cash.  The depearation clients exhibit in terms of their willingness to buy 40 year maturites of pure garbage to get any kind of yeild tells me the end may be getting close.  different market-same desperation. the top may take weeks or months to form but, it feels like the emotional levels are there to make one.

Wed, 05/30/2012 - 10:51 | 2475568 gwar5
gwar5's picture

Er... at what point does the Bernank decide he must print again like crazy to rebalance the race to the bottom? This is all building up like a huge zit about to pop.



Wed, 05/30/2012 - 10:54 | 2475587 CrashisOptimistic
CrashisOptimistic's picture

Bernanke is not stupid.  He knows he's not getting the effect he wanted with QE.  And he knows he can't maneuver this close to an election and hope the Fed can retain independence from Congressional action.

He'll do nothing.  There's no point in doing anything, other than maybe tease.

Wed, 05/30/2012 - 11:01 | 2475610 ghostzapper
ghostzapper's picture

Agreed.  Ten year Note at 1.64% the Eurozone crumbling helps Shalom for the next 6-18 months it perhaps puts a lid on long term rates everyone is so scared shitless they pile into UST and USD.  At some point post election the printfest orgy will resume.  Lower oil helps but the higher dollar hurts Shalom's projections for S&P earnings and ultimately SPY and RUT.  he knows this so maybe at 1,000ish on the Spy he has to jump in.  Maybe. 

Wed, 05/30/2012 - 11:04 | 2475621 Vince Clortho
Vince Clortho's picture

You, me and a bunch of people know printing won't save the economy.  Yet if things go too far south, there is going to be a shreiking clamor from the usual whiners to do something

Bernank may not be as concerned about the elections as many believe.  I am wondering aloud if there is one more hefty print job left in the old goat before he is put out to pasture.

Wed, 05/30/2012 - 11:14 | 2475672 MsCreant
MsCreant's picture

I don't mean to be rude, but I must. I will repeat my post from above. I am stunned it needs to be said on this site, any where ever again:


Wed, 05/30/2012 - 11:23 | 2475714 Cognitive Dissonance
Cognitive Dissonance's picture

I am constantly amazed how many people here on ZH lament the constant stream of lies coming from all sectors.......yet they still tend to believe the lie that "they" aren't printing.......yet.

Of course they are mad men.

Wed, 05/30/2012 - 12:05 | 2475912 MsCreant
MsCreant's picture

You took THE screen name, good sir-- THE MOTHERFUCKIN' SCREEN NAME.

I am surprised that I am surprised, but I am. How they get away with it is in our face, on this site-- smarter than hell folks still eating the infomercials as they come in (even the Tylers a little, me too). We may disagree on some details (conspiracy or not, etc.), but there is a big step people gotta take here in comprehending what is happening. THE CB's operate with no oversight (accept having to put on Kabbuki puppet shows for congress/legislative bodies here and there), and no accountability. You may believe they are incompetent or thieves, or both, it does not matter. THEY are doing stuff so dishonest to prop this shitshow up, WE HAVEN'T THOUGHT OF IT YET.  

This is not hyperbole, though it sounds like it.

Always good to see you in the hood.

Wed, 05/30/2012 - 11:25 | 2475720 LawsofPhysics
LawsofPhysics's picture

You are correct, moreover.  ZIRP is printing by any other name, unless of course you really believe that there is no real cost for the creation of capital without the creation of anything of real value - FAIL.

Wed, 05/30/2012 - 11:25 | 2475721 Seize Mars
Seize Mars's picture

Amen, sister!

Wed, 05/30/2012 - 11:16 | 2475688 WonderDawg
WonderDawg's picture

Bernanke's concern is of no significance. He will do what he is told to do by his owners. Period.

Wed, 05/30/2012 - 10:51 | 2475569 sudzee
sudzee's picture

The Swiss must be drowning in euros.

Wed, 05/30/2012 - 10:53 | 2475580 slaughterer
slaughterer's picture

Anybody know what Draghi will come up with at 11:30am?

Wed, 05/30/2012 - 10:53 | 2475581 FubarNation
FubarNation's picture

Holla' for the Dolla'

Wed, 05/30/2012 - 10:54 | 2475584 CreativeDestructor
CreativeDestructor's picture

Chuck Norris can sell to bid buy from offer and still make money

Wed, 05/30/2012 - 11:09 | 2475646 kralizec
kralizec's picture

I see our turd-tossing FB monkey is back...

Wed, 05/30/2012 - 11:12 | 2475664 slewie the pi-rat
slewie the pi-rat's picture

EURUSD just broke below 1.2400 - back to July 2010 levels

only 11 years more years bacvk to go,ooo,000,OOO,|:D) |:D] |:D}.  BiCheZ!

Wed, 05/30/2012 - 11:16 | 2475689 theTribster
theTribster's picture

Unbelievable that the Eurocrats have yet to step in and do anything at all. Obviously this is a planned situation, do they let all the assets come to the US and then allow the big crash? That's the easiest way to steal from the global pension funds and various other large funds, this is the plan ultimately.

Their going to get all the money and all the assets, they'll crash the currencies and markets while they kepp or take the assets (they = banks/oligarchy). I have no doubt this is coming, the question as always is timing - mid summer it should be obvious to even sheep, by the end of the year full fledged fall out including things like capital controls and martial law. Currency devaluation is coming too, this will happen on a global scale - China, Europe, Japan and the US will all massively devalue their currencies.

They won't be happy until austerity is deployed everywhere, regardless of the pain and suffering. Their prepping for major war(s) which will happen almost simultaneous to the meltdown is occuring in Asia, the Middle East and Africa. This is happening here as well, the ability to deploy drones, the NDAA, the Patriot Act, the various Executive Orders are all to insure that any civil unrest can be put down quickly. We're in trouble, the financial aspects are only one piece of the pie.

Its disgusting that a man like Mitt Romney can be considered for President, clearly a prime example of the 1% (.05% really). Its just as disgusting to have Obama or Bush or Clinton or any of them, party independent as they are all criminals! We're all on their list somewhere, I expect to be fucked with at some point when I fly because of the sites I go to (here, alex jones, max kaiser, etc). If we don't do something soon it really will be too late, we need to get to the hundredth monkey and soon!

Get out the popcorn, keep stacking precious metals and ammunition - lead will be as valuable as Gold and Silver soon -:) Good luck fellow Earthlings.


Wed, 05/30/2012 - 11:20 | 2475700 THX 1178
THX 1178's picture

Seriously, who is the person who's been downvoting everything? Has ZH been infiltrated?

Wed, 05/30/2012 - 11:21 | 2475706 Henry Chinaski
Henry Chinaski's picture

If this continues, I'll be forced to capitulate and book a European vacation this summer. 

Wed, 05/30/2012 - 11:23 | 2475716 DavidJ
DavidJ's picture

The strongly rising dollar is not good for the exports.  Yikes!

Wed, 05/30/2012 - 14:45 | 2476743 brooklynlou
brooklynlou's picture

We export?

Wed, 05/30/2012 - 11:35 | 2475762 ebworthen
ebworthen's picture






(Parity Milkshake!)

Wed, 05/30/2012 - 11:47 | 2475841 lostintheflood
lostintheflood's picture

gold's green...(silver too).  nice.

Wed, 05/30/2012 - 12:14 | 2475963 MsCreant
MsCreant's picture

I love a nice "up" in the morning. Very satisfying. Thanks dear.

Wed, 05/30/2012 - 12:03 | 2475917 Belarusian Bull
Belarusian Bull's picture

There is some dickhead marking down each and every post on this thread.

Wed, 05/30/2012 - 12:09 | 2475947 Nobody For President
Nobody For President's picture

Yeah, maybe they are on a diet and can't drink milkshakes. I'd be pissed, too.

Wed, 05/30/2012 - 12:21 | 2476020 Temporalist
Temporalist's picture

Ben's milkshake brings all the banks to the yard.  Ben's milkshake is better than Draghi's.

Wed, 05/30/2012 - 13:31 | 2476375 John Wilmot
Wed, 05/30/2012 - 20:50 | 2477849 Curtis LeMay
Curtis LeMay's picture

This euro collapse and subsequent return to national currencies, where applicable, on the continent is something we will tell our grandchildren about - that we were there when it happened.

What the fuck were Europeans thinking with the euro experiment? One would have thought that after last century that they had learned their lesson about a forced integration of the people of Europe...

Run guys, it's going to get really ugly on the continent.

But full marks for Germany. At least they haven't lost their mind and are cutting off the black hole called euroland once and for all...

Folks should also be aware that the German people have to date already invested into the EU more than was demanded of them at Versailles, and yes, corrected for inflation.

For fucks sake, enough is enough.


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