Summarizing Draghi's Epic Dud

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No commentary necessary.

h/t @Insidegame

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Thu, 08/02/2012 - 09:37 | 2671880 Mongo
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Draghi is so full of shit

Thu, 08/02/2012 - 09:44 | 2671916 bdc63
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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" ...

Thu, 08/02/2012 - 09:44 | 2671929 flacon
flacon's picture

VIX is down.... WTF!

Thu, 08/02/2012 - 09:57 | 2671995 Thomas
Thomas's picture

Blew a snot bubble on that video.

Thu, 08/02/2012 - 10:00 | 2672009 saturn
saturn's picture

Who's your duddy?

Thu, 08/02/2012 - 10:11 | 2672061 The Monkey
The Monkey's picture

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

Thu, 08/02/2012 - 10:22 | 2672080 derek_vineyard
derek_vineyard's picture

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

Thu, 08/02/2012 - 11:18 | 2672352 SDShack
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.

Thu, 08/02/2012 - 11:56 | 2672509 northman
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.

Thu, 08/02/2012 - 09:57 | 2671996 Mr Lennon Hendrix
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.

BUY SILVER

Thu, 08/02/2012 - 11:05 | 2672280 This just in
This just in's picture

BUY SILVER GOLD

 

Fixed it for ya.


Thu, 08/02/2012 - 10:07 | 2672045 Panafrican Funk...
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SPY puts > VIX.  Always, everytime.

Thu, 08/02/2012 - 09:44 | 2671932 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

WHO FUCKING CARES?!  WHY WOULD ANYONE CARE WHAT THEY SAY ANYWAY?!  THEY ARE LIEING THIEVING BANKERS!

Thu, 08/02/2012 - 09:50 | 2671962 flacon
flacon's picture

You must be Amish.

Thu, 08/02/2012 - 09:55 | 2671984 EvlTheCat
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LOL

Thu, 08/02/2012 - 10:32 | 2672156 Elmer Fudd
Elmer Fudd's picture

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

Thu, 08/02/2012 - 10:38 | 2672185 MsCreant
MsCreant's picture

So you are not a Fudd Dudd?

Thu, 08/02/2012 - 10:01 | 2672012 Stoploss
Stoploss's picture

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

Thu, 08/02/2012 - 10:30 | 2672141 Divided States ...
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.

Thu, 08/02/2012 - 11:12 | 2672331 Bucket Boy
Bucket Boy's picture

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

Thu, 08/02/2012 - 09:39 | 2671885 digitlman
digitlman's picture

Way to crib from Market-Ticker.org.

 

http://www.market-ticker.org/akcs-www?post=209570

 

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

Thu, 08/02/2012 - 09:41 | 2671908 bank guy in Brussels
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

Thu, 08/02/2012 - 09:44 | 2671934 GetZeeGold
GetZeeGold's picture

 

 

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

 

Thu, 08/02/2012 - 09:54 | 2671981 RationalPrepper
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.

 

Thu, 08/02/2012 - 09:43 | 2671925 Tyler Durden
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).

Thu, 08/02/2012 - 09:49 | 2671941 GetZeeGold
GetZeeGold's picture

 

 

Well.......at least it shoots.

 

We'll work on distance next.

 

Thu, 08/02/2012 - 09:52 | 2671971 rosiescenario
rosiescenario's picture

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

 

 

Thu, 08/02/2012 - 09:58 | 2672004 Jethro
Jethro's picture

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

Thu, 08/02/2012 - 10:18 | 2672088 Patriot Eke
Patriot Eke's picture

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

Thu, 08/02/2012 - 13:40 | 2673044 pd45
pd45's picture

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

 

 

Thu, 08/02/2012 - 10:05 | 2672033 RationalPrepper
RationalPrepper's picture

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

Thu, 08/02/2012 - 10:13 | 2672070 Dr. Richard Head
Dr. Richard Head's picture

In soviet Amerika, weapons shoots you.

Thu, 08/02/2012 - 10:37 | 2672181 GetZeeGold
GetZeeGold's picture

 

 

Heh heh.....never gets old.

 

Thu, 08/02/2012 - 11:18 | 2672350 NotApplicable
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!

Thu, 08/02/2012 - 10:23 | 2672110 Tijuana Donkey Show
Tijuana Donkey Show's picture

It's a facial rocket....... 

Thu, 08/02/2012 - 09:57 | 2671999 Jethro
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....

Thu, 08/02/2012 - 10:06 | 2672037 Agent P
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.

Thu, 08/02/2012 - 10:14 | 2672072 Dr. Richard Head
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Ohhhh, like the French did in financing the American Revolution?  Oh wait......

Thu, 08/02/2012 - 10:33 | 2672160 Long-John-Silver
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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.

Thu, 08/02/2012 - 12:14 | 2672586 A Nanny Moose
A Nanny Moose's picture

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

Thu, 08/02/2012 - 14:38 | 2673332 Joe A
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.

Thu, 08/02/2012 - 10:30 | 2672142 Rick64
Rick64's picture

Thanks for the laugh.

Thu, 08/02/2012 - 13:52 | 2673108 pd45
pd45's picture

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

Thu, 08/02/2012 - 10:06 | 2672038 Agent P
Agent P's picture

dup

Thu, 08/02/2012 - 10:03 | 2672025 Miss Expectations
Miss Expectations's picture

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

Thu, 08/02/2012 - 10:40 | 2672176 Nobody For President
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.)

Thu, 08/02/2012 - 09:38 | 2671892 RationalPrepper
RationalPrepper's picture

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

Thu, 08/02/2012 - 09:39 | 2671897 jmcadg
jmcadg's picture

Epic, I need to clean my laptop now.

It was like someone dropping a turd.

Thu, 08/02/2012 - 10:15 | 2672078 Dr. Richard Head
Dr. Richard Head's picture

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

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