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Must See: Greece Explained In One Picture
We were going to do a caption contest out of this image, but unfortunately this is not funny. It is tragic. Many people will lose all their money, savings, livelihood, and more because of this...
What is it? It is a picture taken at the Athens ministry of finance.
It is part of a full documentary (go to 24 minutes in for the lack of money shot) released a few days ago by German TV station ZDF called The Greek Lie. It is self-explanatory, and shows where 2 years of bailout funds went, or rather didn't, and why 2 years to the day after the first bailout, not only is Greece not fixed, but is days away from leaving the Eurozone, but at a cost to taxpayers of nearly half a trillion.
We urge anyone, even non-German speakers, to set aside 45 minutes and view the clip below. It is unsettling at best.
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shit meet fan
Just keep on studying. One day you will be able to print money like bernanke.
Love it.
Dr Jim Walker of Asianomics: "Worst yet to come for Europe"
http://www.planbeconomics.com/2012/05/14/dr-jim-walker-china-in-for-a-ha...
Eurozone fixed Greece
lol
The taxonomy bot does have a sense of humor.
they are to be contestants on the TV show Hoarders
but what's in those black bags? IOUs? left over take outs?
Olives
It's like a Bowery yard sale advertized on Christoslist.
Is Gpap still in there somewhere?
holey frickin eyebrows @ 1:11
LOL! I'm glad I'm not the only one who saw those monsters!
Yes, the topic is serious, but that photograph of the finance ministry is just still too fucking funny!
I want that chair!
It looks like turd world donations at a Badwill Store.
Going Greek - bending over and taking it since Alexander.
A day at the office in Greece sometimes feels like a day at the landfill.
The video showing pictures around the Finanz Amt (Greek Finance Office - with tax collection rolls) is just par for the course.
Fascinating piece.
Bottom line...the whole Greek and Euro crisis is built on political corruption gone wild...they are professionals in a game the Amateur, Obama, has been forcing the US populus to try and play. Of course, Immelt and Blankfein and Corzine and Dimon have been trying to master such.
Greek crooks in government do their quid pro quos with Greek crooks on yachts, over and over again, until the thing bankrupts. Then, all of them escape to Monte Carlo on their yachts, while the naive Greeks starve and cannibalize each other on the land that is called Greece.
Such a Mediterranean mentalitty...when the boat starts sinking get off first with as much loot as possible and leave everyone else to go down with it.
loose translation/summary avaialbe at Day_of_the_Tentatcle's postings below.
"lack of money shot" is earlier than cited, at 5:20 or so; all the scarier because two or three scenes before was video of people and garbage in the streets and it looks just like this MoF storage area
Ah! Advanced risk management.
More like Storage Wars
I hear Dave Hester is setting up an auction house in Athens. YYYUUUPPP!
This actually sounds like a great way to solve there problems.
"To the right of our tour bus you'll notice one of our more famous ruins, The Ministry of Finance."
The Acrapolis
Ok so THAT's Where the Troika funds are kept.
I swear I see a picture of Jamie Dimon on the back wall
"The Sword of Dimoncles hangs like an angry penis across our land."
-George Michael
The irony is Jamie Dimon is a Greek-American married to a tr*be member.
The Greek MoF is merely storing all of the collateral the ECB received in their LTRO operations. The least they could do.
After rehypothication, that chair is worth 1.7 trillion euros.
Maybe they could make an appearance on Storage Wars.
The good news is that if they start WWIII in Greece there'll be very little infrastructure around to destroy.
MF Global customer account documents. Plausible deniability for JPM London - damn, we just can't find those things. It's like they vaporized or something.
The Grape Leaves of Wrath.
-John Steinopolous
"but what's in those black bags? IOUs? left over take outs?"
Small bills. Not even the cleaning crew would take the bags of 1 euro notes. Too close to the stink of work about that....
Dying for an english translation.
Der mann, der lachelt, wenn Sachen falsch gehen, hat an jermand gedacht, um es an zu tadeln.
The man who smiles when things go wrong has thought of someone to blame it on.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat.
Are you my Pal? Mr Scholarhsip Winner? hmmm hmmmm hmm?
Nothing left to fight over now but the land itself.
Good stuff this fiat money eh,? It's amazing what you can do with it, given a banking licence and some pals in govt...
...Looks like they still have a couple of chairs... ...so they got that goin' for them... ...which is nice...
Yeah, a few chairs but the music is about to stop and their are millions of them...
Gunga galunga!
How 'bout a Fresca?
"Christos! Where in the phuck did you put the abacus?"
Nice one! I snickered and I've only had two glasses of wine - normally it takes more...
How 'bout a Fresca?
you see the real problem is that having just necked a few beers I actually understand German. Amazing...
and the man with the smile in the short shorts for a while will huff and a puff and tweet tweet
We need Judge Smales as Attorney General. Eric Holder is not doing anything
Ok, but it was COMPLETELY CLEAR ALL THE TIME that it was a black hole.
The Brussels bookkeeping looks neater (computers) but is just as big a mess.
https://www.youtube.com/watch?v=uo1ygFynK30
OR
The man who smiles when things go wrong might not have fully understood the depth of his predicament
"...I saw you deed around here somewhere..."
At least they took the time to organize their financial records in nice piles.
Yes, at least some summary in Eng will be quite helpful and appreciated!
Please, please... German speaking readers, please be kind to give some translation, minimally its summary, for ZH readers. Vielen dank!
ps. One with Eng subtitle is the most helpful :)
**** Thanks a lot Day_Of_The_Tentacle *****
for taking LOTS OF TIME to do the TEDIOUS, LENGTHY translation. It's definitely VERY HELPFUL to understand the ZDF video!!
DANKE SCHÖN :D
ps. this is a great video to SPREAD OVER to those sheeples so they may grasp the essence of Greek crisis much better, a picture is worth of thousands of words. And the translation is surely very helpful!
Thank you all for the appreciation and upticks. I have learned so much on this site from others, who were willing to spend time on making the message more accessible. I am just trying to give a bit of that attitude back to the community.
My german is really bad, but here is some simplified and abbreviated take aways:
Intro: After the elections the country is in even deeper chaos, ungovernable. The greek young lady: The politicians have decieved people for many years and we are in deep trouble. The man: In a fallen state, there is a lot of corruption (EU paper:) and criminal energy. Next man: With the correct numbers, Greece would not have been admitted to the Euro. The Greek Politician: Frau Merkel - the austerity program is dead. Speaker: Germany must continue to pay. Next man: When it is said that until now this has not cost Germany, this is not true.
Headline: The Greek Lie
Greek Shipping Tycoon: We are overloaded with mismanagement. Hardly anything functions properly. The whole state is corrupt. If you had money, would you hand it over willingly to a bunch of Al Capones? and at the end of the program: We have to change or die! Described as youth friend of King Konstantin and part of greek elite.
The next guy: Didn't quite understand, but he said that the tycoons had been living so far on their yahts in Monte Carlo.
Pictures from central Athens. The billions from EU is nowhere to be seen here. Drugdealing, prostitution etc. People live on the streets. Handbags pinched. Police powerless watching the decay. The people are suffering.
Pictures from habour: They have started registering the boats to claw in tax money to pay "renten" (pension?) for people - enough for a whole village.
Pictures from Athens Finance Department: Non functioning state of affairs. Mountains of paper... paradise for tax evaders.
Prof. Heinz Richter - one of the few Greece experts in Germany. He is unhappy with the naivite by the politicians from Bruxelles to Berlin. He says that in Greece the state has always been the oligachy, and people who adapt to that as well as possible will make it.
Prof. Thomas Straubhaar - in a failed state you have corruption, nepotism, black economy etc. when the governing structures that has the power to end these things have failed.
All this was know, when Europa gave the greeks the Euro, and they were all in favour.
Helmut Kohl: in which ever way you look at it the European community is the only way to longstanding life in freedom and peace and wealth for the european people.
Frits Bolkestein: Helmut Kohl was a romantic when it comes to the European Political Union. For him it was the way to put WWII behind us. He also wanted all in the Euro, whether they qualified or somewhat qualified, but that was a big mistake.
The political vision was more important than economical sence. When Greece was admitted to the Euro, only a short paragraph was included to the EU document with congratulations. The Red-Green government was on board. Doubts? None.
Hans Eichel: Greece had been through a long process of compliance and congratulations with the fine result.
1. Januar 2002 Greece becomes a member of the Euro. Great Enthusiasm. Finally a hard currency, and that is why they falsified their numbers.
>>>> stay tuned for part II
If there are mistakes, they are definately not intentional.
Thanks. I'm stuck in the middle of Rosetta Stone German 2.
do you need a tutor
Sorry, just saw this. Right now it's more a matter of time than anything else but if that changes, perhaps.
If you think Roseta Stone version is bad, wait until you get to Hohe Deutsch.
Thanks for taking the time to do this.
Sounds about right. Thank you!
Summary Part II: (again simplified and abbreviated)
Theo Waigel: Greece would not have been admitted, with correct numbers. The greek politicians have a great responsibility to the greek people but also the european idea.
From 2004 the Eurostat had problems with the numbers, and getting the correct numbers. Their hands were tied. Didn't quite understand this segment - others please chip in.
Walter Radermacher: Eurostat relies on the cooperation by the member states. When that cooperation fails, then /shrug/ it is a stopping block. We do not have the key to open the desks ourselves.
EU had to react. 2. April 2004. EU inspectors travel to Athens and what they uncovered was way beyond wildest fears. The numbers had been fudged. The debt was in reality much higher than stated. Greece was massively non compliant with the Stability Pact.
Panyaotis Carvounis: Greece was under survaillance because of the breach of the 3% but the situation was different and Europe was not in crisis like present so there were no sanctions.
Frits Bolkestein: His disappointment in Bruxelles was with the collective of commisionaries. They were far too scare-di-catty and politically correct, so he was often standing alone. Romano Prodi had even said that the Stability Pact was stupid, and he had said that in the parliament.
The selfdeciet continued. There was a whistleblower Anthon H, highlevel civil servant, who wanted to stay anonymous. The truth was not wanted, he said. There is criminal energy here which damages the european households. He had complaints but that was politically not wanted.
And there were reasons for this. The European heavyweights France and Germany did not care about the Stability pact either. 2004. German Finance Minister Hans Eichel in trouble. Germany had breached the Stability pact for the third time. Frances Sarkozy also. So they just agreed to make a change to the Pact instead.
Jean Claude Trichet: Italy, France and Germany would let go of the Stability Pact. So why would the smaller counties then adhere. It was realized that the Stability pact had no teeth.
And those who spoke out against it were pressed back.
Wolfgang Bosbach: Through his party, he had pressed for the truth. But it was as it is today, that when you operate with numbers, data and facts on the objective team, you will immidiately be confined to the corner as europe critic, as if you had not notion of the european idea and the purpose of peace.
So the money poured into Greece. The Olympics were to be spectacular. Building boom ensued. All financed "auf pump"
Prof. Heinz Richter: Suddenly you go fearlessly into debt and the problem was that Bruxelles was still sleeping or standing idly by.
Prof. Thomas Straubhaar: Didn't quite understand, but he said that since Greece joined the Euro with building boom and all, the wages had gone up, and competitiveness down.
Which can be witnessed in Northern Greece. After 10 years the once vibrant tectile industry is in a dilapidated state. The few left are [doing something else] The middle class collapsed.
Among the exeptions we find a yarn spinning plant headed by the 25 year old Cecile.
Cecile Vavaressos: They have seen early that they needed to invest differently in other products and production technoligy because of great competition in cotton thread. She has seen nothing of the billion euro help packages from Germany and Europe. In opposition to this she has strict terms in the bank and she can no longer receive credit from the bank, so they use other capital. The bank does not lend anymore out of fear for defaults.
>>> Stay tuned for part 3
Summary Part III: (again simplified and abbreviated)
Gone were the golden "00" years. Back then lots of money was flowing. Credit was cheap. Luxury items in demand. The rich and beautiful were shopping - in Boutique Playboy.
Georgios Papapanajotou: There was a great demand for really good clothes. Those were the good times.
Something about good pensions, blowted state, it was a land of milk and honey.
Antonis Boudouris: For him the cost of living is high, so he has 2 jobs like many other greeks. He has a private sailing school along with his job as civil servant harbour manager. In most other greek families you would find a person with a public job.
Takis Michas: Not only are many civil servants not actually working. They do not have to show for work, and many times they will only show up to collect their pay once a month. Sometimes they do not actually know who the civil servants for a given area are.
And then the Greeks was in victory mode again. It was a sensation when Greece won the Soccer Championship in 2004. Celebrations days and nights on end, as if there would there would be no morning. The Greeks felt like Kings, and their politicians enhanced the loss of reality. There is enough money they said. And Europe was a spectator.
The public debt had more than doubled between 2002 and 2010. 159 Bl Euros to 329 Bl Euros, but then came the rude awakening. Crisis meeting in Bruxelles 25.03.2010. Would the Euro fall. Merkel tried to calm the waters and said that Greece had not asked for money, but things went quickly and alas she had to pay. The greeks got 22 Bl Euros. Only 5 weeks later on 02.05.2010 it is friendly embrassing of the greek cousin finance minister. Greece was given 110 Bl Euros. A last minute save.
Jean Claude Trichet: We are in the worst crisis since WWII and possibly since 1929 if we had not acted. This is the reality.
So Merkel had to pay. She said that Germany would pay when conditions were met.
Wolfgang Bosbach: Backtracking talk on behalf of the politicians. First it was no money for Greece, then it was yes, but it cannot be extrapolated to the other southern nations. The tune has all changed and not over a decade but with a few months, so it leaves you with the question of whether the politicians can be trusted.
Then comes the question of the banks, [this part I did not fully understand] and i think the question on whether the banks should participate in the writedown on the public debt, when greece may have been a golden venture for the same banks during the good years. [can someone please chip in with this section?] Merkel said private sector participation was necessary. Possibly the german banks had long before disposed of their greek paper, but they should still participate?. The taxpayer would end up paying anyway.
Gerhard Schick: The federal government did not communicate clearly that the bill would end up with the taxpayer because behind the banks were state institutions and behind those the taxpayer.
The Hypo Real Estate cost the taxpayer 9 Bl Euros.
Wolfgang Bosbach: When they say that this has not yet cost the taxpayer money, this is not correct.
4Bl Euro in Greece papers, 23 Bl Euros credit in "Rettungs" package, Germany has a share of the obligations within the ECB 43 Bl Euros, so about 70 Bl Euros is at stake for the German Taxpayer.
That is why Germany sets hard conditions for the money. Greece must commit to austerity. The answer was mass protests, strikes, and civil unrest. The heart of the requirements sharpened the crisis. The greeks had to reduce 30% in renten (pension?) and 22% in wages, but they were to raise the military spending by 8%, of which the German Weapons Manufacturers would be a beneficiary.
Extremist parties on the rise with a third of the votes. Long gone grievances surface once again. Hostile words were once again aimed at the german people and their chancelor.
>>>>>Stay tuned for part 4
DOTT: much obliged. thank you. keep 'em coming
Summary Part IV: (again simplified and abbreviated)
In october 2011 a delegation of business people flew to greece headed by the minister of commerce Rosler to see if they could contribute with business investment, among others Wolfgang Meier: They met with big companies, but the overall impression of widespread corruption, meant no investments were to be made. When he is to invest his money, he would go where it is the easiest place to do business, and with all the strings attached and Greece politically unstable it was not attractive.
The Rosler trip appeared more to be a show/photo op.
The EU knows about the difficult conditions in Greece. In a confidential EU document a sobering conclusion is made: Slower recovery, Lower Privatization Proceeds, Under these assumptions the Greek debt levels are at very high levels.
The correction process seems faltered. The Austerity program has hindered people. The consumer has collapsed.
Prof. Thomas Straubhaar: Completing the austerity plan will result in hardship for regular people in the medium term
Very sad story about Raffaella Suleiman, a mother, who cannot afford food for her children, so she has put them into an orphanage, where she can only see them every 5 weeks. She makes 20 Euros per day working in a factory. During the crisis people would make as little as 13 Euros per day. The boy want to grow up and make a lot of money, so he can help his mother and move back home.
Georgios Basdaris: They have little money to look after the children, and they have to spend some of that elsewhere [didn't get what it was].
How does the economist respond to this.
Prof. Thomas Straubhaar: When it comes down to great political failure, when there is war or big conflicts, the regular people are always hardest hit, because they do not have the means to move their wealth and even themselves abroad like the more priveledged people can.
To London, a safehaven for capital on the move where multibillion coperations recide. The greek comunity of old times built the orthodox church in Westminister. We meet Effie, who is a banker, and Dimitrios, who is an economist, who have lived in London for many years and both well off. With the Euro crisis many greek nationals joined them in London, because many well educated youth flee the crisis also to bring their money to safety.
Effie Geraki: There is no prospect in Greece and no hope of a good job.
Dimitrios Koufupolos: There are quite many well off greeks who want to protect their economical situation, so they bring their money abroad to invest them e.g here in London.
So the rich greeks invest in seriously expensive real estate in the posh parts of London, which can be rented out for maybe 15000 pounds per week. Super luxurious abodes with cellars of significant value in itself.
Noel de Keyzer: The real estate agent has benefitted from the crisis, since he has seen an influx of Italian, Spanish and also recently Greek wealth ready to invest in his high prized properties.
Meanwhile Greece goes down and the youth flee.
Anna Tourla: Young woman determined to leave. Well educated but unable to find work. Lives under same roof as mother and brother and feels like part of a lost generation. She wants to be independent, and have a private life, but that is not possible, when she makes no money of her own. Many of her friends have moved back with their parents.
For pocket money she works at the Goethe institute for a few Euros. Here she is learning the German language to improve her chances. She hopes for a better life in Germany. Since the beginning of the crisis, the Goethe Institute has been swarmed with applicants for their German courses. Whether doctors or engineers many are hoping to leave.
Anna Tourla: The younger generation would like to go to other countries to study and to work, and that is quite bad for Greece. Most believe that they will return, but she thinks that that is pie in the sky. For example her cousin, who went to Germany to study, and found a job, and now says she will never return to Greece.
Elections in Greece. Anna is joining the rallies with her friend Jannis, but they have no high hopes nor trust in the politicians. They hear empty words from the earlier finance Minister of the socialist PASOK party, on of two parties that have been in power for the last 40 years and part of the reason for the crisis.
Anna Tourla: He said that the country will be well, with stability, and that there would be no new taxes, but she does not believe him.
Jannis Tsompos: He was there before the problem. He is a part of the problem.
Anna Tourla: Unfortunately she believes in noone. They have decieved for too many years. Mistrust is too deep because of all these lies.
The voters have run away from the established parties. Beneficiaries have been the radicals - right and left - Faschists and Communists. The biggest winner is the alliance of the radical left lead by a young and an old hero. Manolis Glezos is one of the last resistence fighters still alive, who fought the Nazis. His party wants to abolish the Austerity plan and the old system.
Manolis Glezos: Those responsible for the catastrophy are shameless. They are letting the people bleed and [?].
After the elections noone knows what happens. Without the Austerity Plan, Europe will not pay, and then comes the bankrupcy. It is unclear who will lead Greece. Either way, Anna and her friends have had enough.
Jannis Tsompos: All people he knows, when they have the opportunity, they will leave. He loves his country and it is really bitter to have to leave.
A difficult choice. "Heimat oder zukunft" - homeland or a future.
Jannis Tsompos: He thinks about what is good for his country and what is good for him, and the latter has the priority.
Greece - where to? The only thing that is clear, is that it will impact the saga of Europe and Berlin.
Alexis Tsipras: Frau Merkel, the austerity plan is dead. It has been a defeat.
A defeat also for the European Greece policy. New fear and uncertainty []. Euroland in even more trouble. And the perspectives...
Prof. Thomas Straubhaar: That Germany will spend very many years and transfer very much money to transform like they did in East Germany, the same will be needed for Greece [not quite sure about this one]
Jean Claude Trichet: Greece has a lot of hard work to do. They must adapt and take the pain to achieve the change and maximize the chance of the job being done.
Frits Bolkestein: There is no future for the Greek in the Euro. It would be better if they exit the Eurozone.
Prof. Heinz Richter: The EU should have had the state finances under control for the last 30-50 years but the oligarchy was against that.
Evangelos Angelakos: It is up to us to work. We must change or die. Change or die, finish!
>>>>>>>>
Phewww, that was a long one. I apologize for any mistakes. Hope you enjoy!
Thanks for the translation, much appreciated.
Summary - the people kept electing those who promised them the most then were surprised when the money ran out.
"Prof. Thomas Straubhaar - in a failed state you have corruption, nepotism, black economy etc. when the governing structures that has the power to end these things have failed."
And how is this any different than in a "non-failed" state?
"Success" and "failure" is primarily attributes given by the ruling elites. Most often the appearance of propriety is just a well veiled copy of the crude crap.
On the tragic side of this caption contest, see that worn chair proving dealing and wheeling at least worth a million in back taxes? A shit load of phony junk evidence worth a lot of bribes collateralized against billions of bailouts for their backers.
-Luge ??
http://www.youtube.com/watch?v=OAAopOBhCg8
What a tangled web we weave,
When first we practice to deceive.
Or rather when we hire GS to do the deceiving for us.
I'm wondering if the Minister of Finance is in one of those bags?
No, but he's left holding the bag...
Nah, he's in several of them
If you watched the movie, it's not GS it's fault, they where just a tool.
It's the politiicans and oliarchs who looted the country and europe itself who destroyed Greece.
By entering the union, waes went up because government workes urned more than private workers so wages rose and companies went bankrupt.
And now the need to restart for wages that are no more than 400 euro a month.
It's a tragedy out of which they can't escape.
They still need to find rock bottom and start from scratch. And they have absolutetly nothing to get them started.
Unlike for example eastern germany who had a history of industry, Greece has nothing.
Greece will really lose it all and those who have money are all gone now.
And my response - who elected those folks over and over and over? No foreign power forced Greece to institute the absurd 13th and 14th payment or create pensions that could only be paid through massive debt? I feel for the pensioners and those without a job but blaming foreigners is like blaming California "politicians" when the electorate sends them back to screw up again and again.
Hey, I'm with you mn, nobody hit the streets when their governments overspend and raised the wages by 400%.
those who matter are getting out now and those who stay will become our cheap labor force. Let's hope they're will to work for a living from now on.
Somebody go buy a really good shredder!
Somebody's gotta go back and get a shit-load of dimes!
Just remember, they steal all that is printed against.
Fraud Inc. is the fourth reich.
typical picture when the ECB, the IMF funds are at the proverbial hills with who ever run with them( the only hedge that did work but not enough and not to the expected extent for Chase)
I prefer, "Ship meet sand."
Ship meet rocky crags.
US equities trading with a lot of ouzo into the European close today. Fixed income still telegraphing something much more dire.
Ship meet other ship.
Both go down.
Ship meet Marianas Trench!
"Ship meet shit"
how about:
SOUVLAKI meet GYROS
a bit of blood and flesh chunks would have rounded out that pic - looks like a zombie-sheeple apocalypse run!Captain Schettino, meet ship.
Coming up next on Extreme Hoarders: Greece Buried Alive!
This is what the ECB portfolio would look like if you could see it.
I can see my loan contract from here!!!
Ha! Start digging, maybe thats where they "found" billions to keep the government running a while back.
Why act like this is a surprise, 99% here, have known Greece has been milking this since DAY one.Simply theft..............
Same thing will happen in the next domino..........................
Its not greeks fault, as the good Panos puts it: "its not the greek who has a problem, you gave greece money, you have a problem."
If anything the greeks should be celebrated fot ending this ponzi prematurely. Living in limbo is a horrible thing.
... if I owe you $100.00 then I have a problem. If I owe you $100,000 then YOU have a problem.
And the crowd with pitch forks and torches come into view in 3, 2, 1......
Aren't they near "a deal?"
Literally...
Hearing more and more about Greece leaving after next payment...
Here is what is happening in central Athens...
http://blog.occupiedlondon.org/2012/05/11/may-9-police-and-nazis-in-joint-operation-against-migrant-traders-and-anarchists-in-central-athens-in-broad-daylight/
Beautiful place to vacation, don't you say?
Thank Tyler's for posting this. I wish the German TV documentary crew would caption this in English. I can understand some of the German. What a tragedy of corruption like Chicago and California.
I would go nuts when Europeans would be so happy about the EU due to endless media propaganda. "We are all Europeans." Ah no you are not. You are not the same.
The one German professor was furious. The EUUSR is shit and Kohl was a fool and ditto his puppet Merkel. Any idiot could have sen where this was going. Greece is a pirate tolietten-land and eine scheisshaus.
A lot of what you are seeing too is "free trade" with China. The Greeks switched to the Euro which was death to the textile factories. Italy's garment and furniture businesses also got killed by China.
It is ****ing madness because about all Greece had was textiles, shipping, olives and maybe a few other things. The Euro's high cost killed textiles.
The EUSSR scum trying to get China to help with "bail out" money. The Chinese must laugh because they wiped out a lot of European jobs. In large part due to the expensive Euro and Chinese FOXCONN slave labour.
Looks like the inside of my head after reading this:
http://www.amazon.com/Babylons-Banksters-Alchemy-Physics-Religion/dp/1932595791/ref=sr_1_1?s=books&ie=UTF8&qid=1339767874&sr=1-1
For Sale: One Lot of Junk.. Local pick-up only..
They probably have more assets in the basement than 33 liberty does.
What you see in the video is the asset department, the liabilities department in the basement was not shown for reasons I cannot go further into.
is that Venizelos' chair in the center?!
nah.. on the second thought.. it's too small for him.
Financial records. I wonder if that building is gonna get hit by an airline or something.
That is the chair for his left cheek.
This is where those musical chairs end up after you play the game.
My Big Fat Greek Hoarders.
Was thinking "Storage Wars - Athens"
Not even Brandi would bid on that shit.
think of it this way ... once hyperinflation sets in, all those binders filled with paper will make excellent firewood ...
Dave would...... Yuuuuuuuppppp!
The Fire Marshal must've said, "Phuck it. I quit. If you need me I'll be on Lesbos."
fire marshal? Oh yea that guy who's pay cheques I cut that kept bouncing a few years ago and then he stopped calling me and harrasing me. Haven't seen him for years...
signed EU government
Was thinking "Storage Wars - Athens"
Be a hell of a place to open up U STORAGE units...................what a potential market.
But, who could pay the monthly fees?
You wanna make some real money on this deal? Open up storage units anywhere but in Greece, just a few miles across the borders in any given direction. That's where the Greeks are taking everything that's not nailed down to the floor.
Germany has first dips.
I guarantee you when Germany takes possession of the Acropolis that temple will be rebuilt in 2 years MAX.
'Pump & Dump'
http://www.youtube.com/watch?v=LD06SAf0p9A
it's gone man
few months prior:
https://www.youtube.com/watch?v=3RY3KsAkhFw
"This can't be good"
:D
"You're going to need a bigger boat."
(Or in this case a bigger room, sounds like a great excuse for additional Greek stimulus: hire some people, get them working on that bigger room. Problem fixed...)
Are you sure this isn't the basement of the Federal Reserve?
If Greece returns those 3 shopping carts, they will receive at least 3 euros back...
Fort Knox.
I sincerely hope my taxman's office is in the same shape.
This is why we need a Ron Paul/Buddy Roemer ticket. Ron Paul needs to run Foriegn policy like a grown up would (stop the false flags, yankee white sex addicts, MIC creating a culture that will be used on americans) http://www.buddyroemer.com/
But Buddy's solution is better for the economy. The fed/fiat is secondarily responsible for the mess we are in. Many people forget that spain put itself in a depression and war because they brought too much gold back from the new world. Buddy would fix the tax code in that you can't deduct chinese crap from your taxation (as shown in the post's image and referenced in your comment foxenburg). When people see that works, he could go after the rest of the B.S. in the code. Also, CNBC hates Buddy. They tolerate Ron Paul.
Put another way, greece is in trouble because their taxation is fubared, not which potentate is on the money (including Ra,QE, etc). The USA is in trouble because ...
half a trillion figments of merkel's imagination. ha ha
"Honey, where did you hide the ROLAIDS...?"
And all the King's horses and all the King's men couldn't put Humpty together again.
that's what happens to the majority of people's money, not only in greece. and then it turns out we don't have funds for education and basic infrustructure but have always enough for the JPM>>
how is zames turning into the jpm's cio different than this picture? where do all our tax money are going? the same pockets all over the world....
Right, people act like Greece is something other than a flow-thru valve for money from EU taxpayers to banks. Greece is the AIG (remember how Goldman got its backdoor bailout through them...yeah) of the EU, until its not tenable then you have Spain, Portugal, Italy, Ireland etc...Greece isn't getting the money people! It never was! It's a bailout of the BANKS HELLO McFly!
Yes Bring The Gold, this is what wwe all suspected, that Greece was simply a means to funnel money in and right out to the banks. Noboby in Greece saw a dime, except a few bribed politicians.
This is the stuff revolution are made of. "Head will roll"!
My sincerest hope is that the architects of this insanity have their hearts open and start to unwind this all. Humanity does have it in them to live together in harmony. Many on here will scoff but its true. It has to happen from within though. The time has come to make a choice about attention, either we discover the peace within ourselves and watch it flow without, or we continue to think objects "out there" are where happiness lies. If one chooses the latter we will once again watch a high tech repeat of the drama of the past 10,000 years play itself out. Central planning will never give us this harmony, neither will every man for himself. It comes from within or its just more of the same. Much love to everyone and may you find that peace within yourself. You can act rationally (stack etc.) and also find the peace which passeth understanding.
NOT THE SLIGHTEST!
The Grand Architects won't bother at all, unless they feel threatened by the development.
And perhaps those Overlords are quite aware of all the current events in advance, all of today's "noises" are just part of their grand plans...
Just to refresh, in the past they'd orchestrated the WWI and WWII and many other smaller ones, before the First one and after the Second one!!!
Only God knows what else they may have been planning ahead for the mankind...
This is what happens when the garbage collectors go on strike every other week.
How dare they strike when they aren't getting paid and/or their wages are being crushed! Btw, I sure hope JPM and Goldman get increased bonuses this year for all their excellent work.
not to mention inflation destroying the value of what little money they did have...
Couple NICE shopping carts in there!
Those shopping carts are CHOICE! We're talking love at first sight ....
Does anyone know how I can make a bid on those shopping carts? (and yes, that includes the contents of the carts)
This is your finance ministry on trannie porn.
Stop trannie porn now.
Your comment was OK, not bad I'm not sure was good enough for a green arrow but I gave you one to counter act the 3 red ones because it DEFINATELY wasn't worthy of the red one. haha
MsCreant (where the hell you been, babe?) ALWAYS gets a greenie from me.
Agree, good to see you back around these parts!
Hi to both of you. I play in the chat room some but have not had as much time to play in the comments section. Busy with work and the house which is almost built. Glad to see you here too!
Thanks for your support. I'll go ahead and be a doofus and defend the comment.
The SEC, who is supposed to be watching things is at best fucking around watching trannie porn while the world burns, and at it's worst in on both the take and a conspiracy to bring the whole thing down and guide the world to a single "cashless currency."
The Greek finance ministry, who in my opinion should be running balanced books (though hard to do so if you have a legislative body who votes for dumb things OR masters with boots to be licked), is at best...
Stop trannie porn now.
Don't throw the baby out with the bathwater!
Who do you think makes trannie porn?
;)