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Live Webcast Of The Obama-Merkel Press Conference

Tyler Durden's picture


Expect the usual: more promises of Marshall Plans, more FX liquidity swaps, more US taxpayer commitments to keep Europe afloat and the Greek retirement age under 60, etc.


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Tue, 06/07/2011 - 11:32 | 1346967 SilverRhino
SilverRhino's picture

Silver bitches ... in first.

Tue, 06/07/2011 - 11:57 | 1347080 Magnix
Magnix's picture

Police is out of control! This is so stupid!

Tue, 06/07/2011 - 12:01 | 1347093 Printfaster
Printfaster's picture

Read the law sometime.

It is against the law to pay any debt with more than 50 pennies.

It has been on the books for a long time.  It was meant to avoid harrassing debt payments.  Think of a dump truck of pennies to pay for a month's rent.


Tue, 06/07/2011 - 12:46 | 1347243 Rossalgondamer
Rossalgondamer's picture

Thus, I now feel safe defacing over 49 cents worth of copper currency.



Tue, 06/07/2011 - 13:53 | 1347475 Sgt.Sausage
Sgt.Sausage's picture

ummm ... bullshit.


Title 31 , Subtitle IV , Chapter 51 : Coins and Currency
Subchapter I: Monetary System
Section 5103: Legal Tender
United States **coins** and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for **all** debts, public charges, taxes, and dues...

[emphasis added]


Would you care to post the citation backing up your nonsense?

Didn't think so.



EDIT: They don't have to accept them, but it certainly isn't "against the law".




Tue, 06/07/2011 - 11:33 | 1346969 oogs66
oogs66's picture

Another conference where both leaders think they are superior to each other.  All they share in common is the knowledge that them and the bankers are the only ones smart enough to understand the economy and that they are doing it all for the people, the people just don't understand how good they have it.

Tue, 06/07/2011 - 11:46 | 1347013 Ahmeexnal
Ahmeexnal's picture

Someone get Marine One to Crawford ASAP and bring back dubya. At least he invented new words.

Someone needs his meds: "largest donors of assistance...uh..uh...largest donors of assistance"

Tue, 06/07/2011 - 15:07 | 1347816 Oh regional Indian
Oh regional Indian's picture

Notice how the world leaders are gathering? ehhhhhhh?
Something is brewing. All this slop they dribble out at these highly arranged appearances are all a front.

A-lignments and dis-ly so. The pieces are in movement. Merkel was in India last week and skirmished with Iran on the way in just to set the right "tone'. Dis-cordant that is.

Trippy days and trippy nights...


Tue, 06/07/2011 - 11:54 | 1347049 TruthInSunshine
TruthInSunshine's picture

No joke -

Obama is going to give Merkel a Presidential Medal of Freedom.

What next? Are they going to give Ludacris a Nobel Peace Price (or Economic Award)?

This shit is beyond farcical.

They're going to ensure that there is a formal institution set up in Libya, ''to ensure the transition of power from Kdaffy to the people," and to accompany the Rebels' newly founded fractional reserve model central bank and oil pumping infrastructure.

Tue, 06/07/2011 - 13:55 | 1347497 ElvisDog
ElvisDog's picture

Yeah, except Gaddafi is winning. Absent U.S. boots on the ground (Italians and French won't cut it), Gaddafi is going to stay in power.

Tue, 06/07/2011 - 11:39 | 1346981 carbonmutant
carbonmutant's picture

It'll be interesting to see who he points his finger at this morning...

Tue, 06/07/2011 - 11:47 | 1347025 JW n FL
JW n FL's picture

they are pulling each others fingers.. not pointing!

Tue, 06/07/2011 - 11:39 | 1346983 Nihilarian
Nihilarian's picture

Step 1. Put on a suit and tie.

Step 2. Hold a press conference.

Step 3. Sell people on the idea that you know what you're doing.

Step 4. Take their money.

Step 5. Profit.

Tue, 06/07/2011 - 12:10 | 1347129 Xibalba
Xibalba's picture

repeat every 4 years......'democracy'

Tue, 06/07/2011 - 11:36 | 1346984 Bob
Bob's picture

Meanwhile, nobody thinks about the truly big picture:


Tue, 06/07/2011 - 11:50 | 1347045 JW n FL
JW n FL's picture

I will call your Austerity Measures and Raise YOU! one (1) Patriot Act! Sir!! what do you say now?

Tue, 06/07/2011 - 11:36 | 1346986 Ahmeexnal
Ahmeexnal's picture

Why is there a portrait of Elizabeth Bathory on that wall???

Tue, 06/07/2011 - 11:37 | 1346990 carbonmutant
carbonmutant's picture

Merkel looks like she needs help...

Tue, 06/07/2011 - 11:53 | 1346998 Ahmeexnal
Ahmeexnal's picture

My guess is her diapers have overflooded.
Someone ought to carve a swastika on her big, fat, ugly, greasy, heavily covered with makeup forehead.

Tue, 06/07/2011 - 11:52 | 1347059 hedgeless_horseman
hedgeless_horseman's picture

That is one ugly bitch, and the German is no looker either. 


Tue, 06/07/2011 - 12:09 | 1347125 Cheeky Bastard
Cheeky Bastard's picture


Tue, 06/07/2011 - 12:50 | 1347276 dogbreath
dogbreath's picture

they let you out on day parole cheeky

Tue, 06/07/2011 - 16:22 | 1348250 Problem Is
Problem Is's picture

"That is one ugly bitch, and the German is no looker either. "

Fucking classic! Tyler: Quote of the day...

Tue, 06/07/2011 - 12:13 | 1347136 falak pema
falak pema's picture

how does that solve Greece's problem?...They can't use the grease from her over blown butt cheeks or from her flaccid oil their economic wheels!

Tue, 06/07/2011 - 12:43 | 1347239 desgust
desgust's picture

Yes, fuck her!!!!!

Tue, 06/07/2011 - 16:24 | 1348254 Problem Is
Problem Is's picture

Not even with Weiner's electronic cyber dick...

Tue, 06/07/2011 - 11:37 | 1346991 mynhair
mynhair's picture

Goody, more teleprompter porn.....

Tue, 06/07/2011 - 11:39 | 1346999 oogs66
oogs66's picture

How did she get the presidential medal of freedom?

Tue, 06/07/2011 - 11:46 | 1347033 Ahmeexnal
Ahmeexnal's picture

How did he get a Nobel [Rothschild] Peace Prize?

Tue, 06/07/2011 - 12:03 | 1347105 mayhem_korner
mayhem_korner's picture

he was the highest bidder...

Tue, 06/07/2011 - 12:11 | 1347118 wandstrasse
wandstrasse's picture

and Trichet got the Karlspreis recently. I mean Merkel, Obama, Trichet etc. are as evil as puppets can be. But these prizes are EXTREMELY disgusting. Are they inflating or is it just my perception?

Tue, 06/07/2011 - 12:55 | 1347293 taxpayer102
taxpayer102's picture

And then Hillary announces at the State Dept luncheon Chancellor Merkel is being awarded the Presidential Medal of Freedom ... and Obama is anxious to give Merkel the award.   Damn lies and liars

Tue, 06/07/2011 - 11:43 | 1347004 digalert
digalert's picture

CNBS central: Kudlow pumping the the "new improved" Barama, now referred to as DUDE?

Tue, 06/07/2011 - 11:47 | 1347024 Mae Kadoodie
Mae Kadoodie's picture

Merkel: When we make the handoff, I double back, grab one of 'em and beat it out of him! Huh?
The Dude: That's a great plan, Angela. That's fuckin' ingenious, if I understand it correctly. It's a Swiss fuckin' watch.

Tue, 06/07/2011 - 16:32 | 1348284 Problem Is
Problem Is's picture

Nihilist 1: "Ve vant ze money, Merkel!"

Nihilist 2: "Or ve cut of yer Johnson..."

Tue, 06/07/2011 - 12:06 | 1347113 Duuude
Duuude's picture


Tha fuck you say ?


Tue, 06/07/2011 - 11:40 | 1347006 buzzsaw99
buzzsaw99's picture

They both have experience blowing bankers.

Tue, 06/07/2011 - 11:50 | 1347039 baby_BLYTHE
baby_BLYTHE's picture

They are both guardians of the Rothschild's banking dynasty.

No banks will ever be allowed to fail! Endless bailouts, endless liquidity!

Tue, 06/07/2011 - 11:47 | 1347020 carbonmutant
carbonmutant's picture

Apparently reading from paper is more difficult than reading from a teleprompter...

Tue, 06/07/2011 - 11:45 | 1347030 spanish inquisition
spanish inquisition's picture

Don't forget a JOINT TASKFORCE!

Tue, 06/07/2011 - 11:46 | 1347034 spanish inquisition
spanish inquisition's picture

Don't forget a JOINT TASKFORCE!

Tue, 06/07/2011 - 11:47 | 1347037 2bigtoofail
2bigtoofail's picture

Mrs MULTI CULTI has failed is standing next to a black (quasi) President in the worlds leading nanny state talking about partnership and mutual success. GOD why am I even watching this mess.

Tue, 06/07/2011 - 12:07 | 1347117 Bob
Bob's picture

Because it's so vitally important that every Corporate Media Broadcast Channel is running it?

Ahh, good ole public service.

Tue, 06/07/2011 - 11:54 | 1347048 hugovanderbubble
hugovanderbubble's picture

Please Mr. Obama


Ask Angela the following question


What will Germany do when Spanish 10yrs bond hits 7%....Leave the Euro¿? Why they still hold all the gold reserves against the "Washington 2004 Agreement"...

What a farce is German Financial System , they are corrupted: SPECIALLY LANDESBANKS,

Tue, 06/07/2011 - 11:51 | 1347053 AldoHux_IV
AldoHux_IV's picture

This guy is hitting all the pre-elections rhetoric-- it's a tired old script: talk about an ideal future while perpetuating the status quo which is nothing short of debt slavery for the ruling class.

It's so funny how as these pathetic leaders start losing their popularity they seek solace in their partners in crime. Talk about war efforts to try and boost morale and unity while glossing over the facts that their banking masters continue to engage in the biggest economic genocide that would make Hitler blush.

Trying to take credit in helping the democratic process in MENA while they kill the process domestically. 

Meaningless rhetoric bulletpoints:

  • Working together
  • Military acknowledgement
  • Pro-democratic efforts in hotspots
  • Middle East peace process
  • Education
  • Jobs
  • Future Utopia of nations coming together

Create an ongoing drama and point to it as a means of progress when popular sentiment wanes.

How cute, he's trying to talk economics-- wreaks of coaching from his moronic advisors-- carrys the same meaningless analysis.

Tue, 06/07/2011 - 11:57 | 1347057 TruthInSunshine
TruthInSunshine's picture
Send the people below to Libya, to help the "freedom fighters" (who already have a complete, fully functional, fractional reserve central bank and oil economy).

Jefferson County To Lay Off One-Third Of It's Workforce To Avoid Largest-Ever Municipal Bankruptcy

Tue, 06/07/2011 - 11:56 | 1347061 Logans_Run
Logans_Run's picture

While Rome burns Nero-Obama fiddles and acts like life just goes along as usual.

Tue, 06/07/2011 - 11:56 | 1347062 Azannoth
Azannoth's picture

Just as you thought Merkel could not fall any lower

Tue, 06/07/2011 - 12:03 | 1347104 downrodeo
downrodeo's picture

poor Merkel; she looks like she could use a shoulder rub...

Tue, 06/07/2011 - 11:53 | 1347064 carbonmutant
carbonmutant's picture

Apparently Merkel and the "empty suit" didn't agree on a few things...

Tue, 06/07/2011 - 11:55 | 1347071 Gubbmint Cheese
Gubbmint Cheese's picture

"Uh... Uh... Uh... Uh..."  the guy sounds like Hank Paulson.

Tue, 06/07/2011 - 11:56 | 1347073 Medea
Medea's picture

Step up your game, muthafucka!!!

Tue, 06/07/2011 - 12:04 | 1347107 Printfaster
Printfaster's picture

I guess that you are calling the president white.

MF is inner city slang for white man.

Do you not speak English?

Tue, 06/07/2011 - 11:57 | 1347079 AldoHux_IV
AldoHux_IV's picture

Euro debt not a tough situation at all-- translation: our banking masters need to figure out how they can continue to have and eat their cake too.

'Confident that the economic genocide will continue'.


Tue, 06/07/2011 - 12:22 | 1347083 hedgeless_horseman
hedgeless_horseman's picture

"There is actually a ban on bailouts in the treaty, but we will ignore the ban so the banks do not lose any money, but rather the tax payers will pay more."*


                                  -Angela Merkel


*My translation from the German.

Tue, 06/07/2011 - 13:22 | 1347375 smlbizman
smlbizman's picture

i think he confirmed qe3, when he said he was not concerned about a double dip....meaning the bernank will make sure the "numbers" do not reflect any negativity growth....he told us in march..good time to buy stocks...bernank, transitory inflation...than crashes the commodity market...etc.,etc., etc

Tue, 06/07/2011 - 12:03 | 1347086 bigdawg
bigdawg's picture

BO: "...Just think if we had a crisis, like the one we had with GM, and had to get approval from 27 other states in order to help out one of the common businesses.  That's what Europe is dealing with now..."

Gee, no shit, sherlock...maybe that's why the EU is screwed??  Maybe??  Just as a side note...Bailing out GM was dumb.

Tue, 06/07/2011 - 12:18 | 1347161 ZackAttack
ZackAttack's picture

And with GM, just like Greece, it's all about the swaps.

Good thing bankers learned their lessons from that experience and we've achieved so much more transparency in those markets.

Tue, 06/07/2011 - 11:59 | 1347087 RobotTrader
RobotTrader's picture

Heh, gold stocks are getting destroyed pre-speech to make sure there is no inflation.

Tue, 06/07/2011 - 12:35 | 1347215 Gunther
Gunther's picture

Any good trader who observed the market bought gold or better silver instead of miners because the metals moved up.

If you would have bought the outbreak of silver you would be up some 60% since last fall.


Tue, 06/07/2011 - 12:55 | 1347290 dogbreath
dogbreath's picture

were you the class clown

Tue, 06/07/2011 - 12:04 | 1347092 A_MacLaren
A_MacLaren's picture

Medal of Freedom?  By enslaving the European masses to the Banksters?

Tue, 06/07/2011 - 12:06 | 1347116 hedgeless_horseman
hedgeless_horseman's picture

Yes, but it's a GOLD medal!  She can wear it at the Bilderberg shindig.  Cameron and Sarkozy are green with envy.

Tue, 06/07/2011 - 12:37 | 1347227 desgust
desgust's picture

Don't worry, they'l get theirs alright. their masters will pay them in full.

Tue, 06/07/2011 - 12:05 | 1347098 AldoHux_IV
AldoHux_IV's picture

United Germany-- using united as a cover to consolidate the ruling class' power over it's slaves-- it's the same in Germany as it is everywhere else you see 'unity' under a G7, G20, Gx format.

It's a farce and the concept of unity has been bastardized by these corrupt policymakers.

Tue, 06/07/2011 - 12:08 | 1347106 djsmps
djsmps's picture

I missed part of this. I heard him beat his chest about US auto companies. Did he mention killing Osama bin Laden?

Tue, 06/07/2011 - 12:09 | 1347115 Gully Foyle
Gully Foyle's picture

And no one has quoted The Big Lebowski yet


Walter Sobchak: Fucking dipshit with a nine toed woman.

Tue, 06/07/2011 - 12:13 | 1347122 carbonmutant
carbonmutant's picture

Sounds like the IMF isn't going to be bailing out Greece or German Banks...

"Europeans have to solve their own problems..."

Tue, 06/07/2011 - 12:10 | 1347130 AldoHux_IV
AldoHux_IV's picture

Hearing him talk economics is really painful-- a poor regurgitation of idiotic advisors.

The only complete disaster that the economy was close to was the top 2% of the world almost losing their stranglehold over the rest. The only thing that was saved was the world order to maintain it's rapacious control over the world economy.

He's all about bullet points and meaningless rhetoric-- what a joke.

Tue, 06/07/2011 - 12:10 | 1347132 mr. mirbach
mr. mirbach's picture

Markets up, gold down...puppet masters hard at work.

Tue, 06/07/2011 - 12:14 | 1347138 urbanelf
urbanelf's picture

She talks with a British accent, bitchez!

Tue, 06/07/2011 - 12:12 | 1347141 AldoHux_IV
AldoHux_IV's picture


As slave masters you need to appreciate the fact that we saved you from economic freedom because you wouldn't know what to do with it and our banking masters would not be making the money it would be otherwise if we hadn't saved you pathetic slaves.

Tue, 06/07/2011 - 12:18 | 1347152 digalert
digalert's picture

Latest talking point: expecting strong 2h growth for 2011...yada Wait, isn't that what I heard in '09? '10? yep, that's your hope.

Tue, 06/07/2011 - 12:16 | 1347154 eureka
eureka's picture

RE "more US taxpayer commitments to keep Europe afloat"

Please, US is the consumer vampire debtor manipulator of the world.

US and UK - THE USUKs - are sabotaging EU, because EU got to powerful. 

Anglo leveraged finance rigged EU and US military dominance enables US debt creation.

All of which is revealed daily on Zerohedge.

EU will prevail. US will implode within the next 12 months.

Focus on analyzing domestic ails rather than blaming Europe for everything -

leave that to pathetic propaganda outlets like Bloonberg.

Tue, 06/07/2011 - 12:46 | 1347247 jomama
jomama's picture

you heard it here first, in the comments section, folks.

Tue, 06/07/2011 - 13:48 | 1347472 Strider52
Strider52's picture

Hey! We got our own acronym. They got PIIGS, we got USUK. Love it.

Tue, 06/07/2011 - 12:21 | 1347155 AldoHux_IV
AldoHux_IV's picture

When all else fails talk about how much fun they have hanging out with each other.

These politicians are getting more cocky in their ability to fool the public into thinking that voting and elections matter anymore-- of course he's getting a second term-- any president that tries to do the right thing won't, but he's playing right as he should for his masters.

Tue, 06/07/2011 - 12:24 | 1347167 Atomizer
Atomizer's picture

June 1, 2011

EU regulator says US must speed up bank reform
The United States has yet to fully implement Basel II. In November, global regulators endorsed Basel III - a new set of rules that will phase in tougher bank capital and liquidity requirements over six years from 2013.,4574,441425-1307217540,00.html?


Today it is spun as "Trade Partnership Pledge"

Tue, 06/07/2011 - 12:32 | 1347197 Gunther
Gunther's picture

The atmosphere between the two politicians resembled more of a funeral then a meeting of friends.

A journalist asked Merkel and Obama answered. In any discussion that would be considered rude. Merkel hit back by pointing to the G 20 instead of the G8.

Tue, 06/07/2011 - 12:49 | 1347255 desgust
desgust's picture

Please, citizens of the US!!!!!


We don't want or need her here! The Ferkel(hog)/Merkel has no utility except for the banksta and the oligs! She is traitor #1 in Germany!

Keep her there and give her 100 medals - we don't care as long as she's gone!


Tue, 06/07/2011 - 13:08 | 1347337 Eireann go Brach
Eireann go Brach's picture

Angela you smell like old fish, Barack you smell like my ass!

Tue, 06/07/2011 - 13:54 | 1347483 Jack Sheet
Jack Sheet's picture

Obummer took her over to one side and told her she will be well rewarded by their masters for bailing out Greece on the backs of the German taxpayers. Her place in the ranks of the initiated after the next election is guaranteed. She will receive riches beyond compare.

Tue, 06/07/2011 - 16:20 | 1348240 Problem Is
Problem Is's picture

Hey Urkel (Merkel)!
You can keep that lanky bitch Barry Soetoro...

We can't use him... He can read a smooth teleprompter for you...

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