Summarizing Draghi's Epic Dud

Tyler Durden's picture

No commentary necessary.

h/t @Insidegame

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Mongo's picture

Draghi is so full of shit

bdc63's picture

it's official ... Elmer Fudd is in charge of fixing Europe ... "just let me get that silwy wrabbit first and then I'll be wite on it" ...

flacon's picture

VIX is down.... WTF!

Thomas's picture

Blew a snot bubble on that video.

The Monkey's picture

Shorts that bought early this AM getting taken out to the woodshed!

derek_vineyard's picture

that video is an epic ---  i see myself in that situation sometimes, just sent it off to my friends

SDShack's picture

The only way that video could have been any better is if the missle had actually gone backwards out of the tube. Kind of like the French Army in just about every major war in the 20th century.

northman's picture

There's an old story floating around the Canadian army that an officer in Afghanistan once took an M-72, which is a shoulder mounted recoiless rifle, put it up to his shoulder backwards, and fired it off. He was known from then on as Capt W-27. Pretty sure he left the army after that.

Mr Lennon Hendrix's picture

We only get snapshots of the Fed's and ECB's balance sheets.  We can only assume what size the are on a dialy basis.  We don't know how much they lend day to day, or what the collateral is, so there are many things they can do to maintain the status quo.

There are also such groups as the President's Working Group, which is headed by Geithner and Bernanke, that include Hedge Fund managers, that place bets using Treasurie monie and Fed monie to do things like bring the VIX down on days after the Fed and ECB said they see a slow recovery and have tools waiting if needed.

It is all jawboning, and while all of you focus on the words, the system continues to rape muppets and pillage the middle class of their hours spend working on the corporate farm.

We have one chance to take back our rights and that is by taking control of the money supply.  Money for thousands of years was gold and silver but that changed by the decree of the banking class under FDR and then again under Nixon.  And by the way, all Central Banks still hold gold as a reserve, so even though you may not think gold is money because that is what you have been told, they do think gold is money and prove it by using it as such.

So take back your right to sound money.  End the manipulation of the fiat system.


This just in's picture



Fixed it for ya.

Panafrican Funktron Robot's picture

SPY puts > VIX.  Always, everytime.

Mr Lennon Hendrix's picture


Elmer Fudd's picture

hey vcd63, fuck you, I could fix Europe better than any Goldmanite.

MsCreant's picture

So you are not a Fudd Dudd?

Stoploss's picture

LOL!! In a sea of red, the fucking vix is red too..

Divided States of America's picture

Not anymore, the Red Sea is being over-run by an army of green algae, now its turning into a swampy quagmire. No wonder the VIX was red even as the markets tanked. Pure manipulation.

Bucket Boy's picture

VIX futures spiked momentarily at the open until they got the memo. What a joke!

digitlman's picture

Way to crib from


edit:  at least give Karl credit - he had this posted like an hour ago.

bank guy in Brussels's picture

Karl used to borrow a lot from ZH without saying anything

Tho this is the 3rd time recently I've noticed ZH borrowing from Karl Denninger

Guess they are borrowing buddies now

GetZeeGold's picture



Karl is over at my place every-other day wanting to borrow some's starting to get a little annoying.


RationalPrepper's picture

It's just fascinating to me how some (Karl Denninger, Nicole Foss, etc.) can recognize the same problem as others (e.g., Kyle Bass, Peter Schiff, Marc Faber, Jim Rogers, etc.), but the two camps see completely different outcomes.  I know nothing...but it seems to me that the deflationists actually think that eventually the gov't and central banks will act in a sane manner, while the other camp thinks they'd rather be Zimbabwe than have deflation.  Perhaps the truth is in between, but I don't think it's in the middle.  I'm erring on the side of insanity.


Tyler Durden's picture

Actually, Zero Hedge gave full credit where this came from at 7:45 am, or about an hour before it appeared on some other site we haven't visited in about two years  (which incidentally gave zero credit where it pulled it from).

GetZeeGold's picture least it shoots.


We'll work on distance next.


rosiescenario's picture

....that was the short range model....when you take on a tank mana a mano...



Jethro's picture

May as well adopt the old Soviet anti-tank dog at that point.....

Patriot Eke's picture

It's a French weapon, no? I expected the missile to come out the back instead.

pd45's picture

Used French military riflles have always commanded premium. "Never used, dropped once"



RationalPrepper's picture

That weapon has clearly worked.  Much like QE1, QE2, OT, TARP, TALF, HAMP, shovel-ready stimulus, etc., etc.. 

Dr. Richard Head's picture

In soviet Amerika, weapons shoots you.

GetZeeGold's picture



Heh heh.....never gets old.


NotApplicable's picture

Exactly. One can see just how that launch instantly stirred-up everyone within range.

As always, it's not the action, but the reaction that counts.

Activation energy, FTMFW!

Jethro's picture

Looks like CADPAT, so probably French Canadian Infantry.  I used to be a Dragon gunner many years ago.  This is indeed an "Oh Shit!" moment.  I laughed anyways....

Agent P's picture

They're doing it wrong!  Everyone knows the proper way to operate any French military equipment is to lay it on the ground and stand behind it with both hands extended high into the air.

Dr. Richard Head's picture

Ohhhh, like the French did in financing the American Revolution?  Oh wait......

Long-John-Silver's picture

Everyone including a large number of Colonists expected the British to win as they always had. This required that they be supported by the French.

A Nanny Moose's picture

Hey, if it weren't for the French during the revolution, we'd still be speaking....English?

Joe A's picture

The French and the Dutch poured what nowadays can be considered the equivalent of billions of dollars into the American Revolution. Of course, if they had known back then what it would accomplish for the future, they would have given it to the British.

Rick64's picture

Thanks for the laugh.

pd45's picture

Is it any wonder the most respected French combat unit is called the Foreign Legion?

Miss Expectations's picture

One look at Karl's hair should give anyone pause.

Nobody For President's picture

Well, it IS a natural, I thought of that French army video about 5 seconds after I read the Draghi summary on BI - it has been around awhile.

Now we know what a soap opera written for the Three Stooges would sound like.

Soon, a Summit to finalize the plans will be announced! (After all the *cough* leaders get back from holiday.)

RationalPrepper's picture

More shared content with TickerGuy, yet worlds apart on the ultimate outcome (inflation/deflation).

jmcadg's picture

Epic, I need to clean my laptop now.

It was like someone dropping a turd.

Dr. Richard Head's picture

QE Duece.  Dropping a QE?  Who QE'd in here?  I just QE'd me pants.