Must See: Greece Explained In One Picture

Tyler Durden's 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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Mon, 05/14/2012 - 11:23 | 2423771 vast-dom
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shit meet fan

Mon, 05/14/2012 - 11:25 | 2423787 jcia
jcia's picture

Just keep on studying. One day you will be able to print money like bernanke.

Mon, 05/14/2012 - 11:26 | 2423789 markmotive
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Love it.

Dr Jim Walker of Asianomics: "Worst yet to come for Europe"

Mon, 05/14/2012 - 11:38 | 2423844 hedgeless_horseman
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The taxonomy bot does have a sense of humor.

Mon, 05/14/2012 - 11:45 | 2423885 AldousHuxley
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they are to be contestants on the TV show Hoarders


but what's in those black bags? IOUs? left over take outs?

Mon, 05/14/2012 - 11:49 | 2423897 I Am Not a Copp...
I Am Not a Copper Top's picture


Mon, 05/14/2012 - 12:12 | 2424014 The Big Ching-aso
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It's like a Bowery yard sale advertized on Christoslist.

Mon, 05/14/2012 - 12:19 | 2424040 Harlequin001
Harlequin001's picture

Is Gpap still in there somewhere?

Mon, 05/14/2012 - 12:38 | 2424099 iDealMeat
iDealMeat's picture

holey frickin eyebrows @ 1:11


Mon, 05/14/2012 - 12:51 | 2424148 Xinu
Xinu's picture

LOL! I'm glad I'm not the only one who saw those monsters!

Mon, 05/14/2012 - 13:15 | 2424240 Colombian Gringo
Colombian Gringo's picture

Yes, the topic  is serious, but that photograph of the finance ministry is  just still too fucking funny!

Mon, 05/14/2012 - 13:18 | 2424242 blabam
blabam's picture

I want that chair! 

Mon, 05/14/2012 - 13:33 | 2424259 The Big Ching-aso
The Big Ching-aso's picture



It looks like turd world donations at a Badwill Store.

Mon, 05/14/2012 - 13:58 | 2424348 I am more equal...
I am more equal than others's picture

Going Greek - bending over and taking it since Alexander.

Mon, 05/14/2012 - 17:21 | 2424935 The Big Ching-aso
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A day at the office in Greece sometimes feels like a day at the landfill.

Mon, 05/14/2012 - 17:37 | 2425042 Carl Spackler
Carl Spackler's picture

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.


Mon, 05/14/2012 - 18:51 | 2425112 citta vritti
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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

Sat, 08/25/2012 - 16:02 | 2737470 hbjork1
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Ah! Advanced risk management.

Mon, 05/14/2012 - 12:25 | 2424058 WALLST8MY8BALL
WALLST8MY8BALL's picture

More like Storage Wars

Mon, 05/14/2012 - 12:39 | 2424106 redpill
redpill's picture

I hear Dave Hester is setting up an auction house in Athens.  YYYUUUPPP!


Mon, 05/14/2012 - 13:01 | 2424194 EndTheMedia
EndTheMedia's picture

This actually sounds like a great way to solve there problems. 

Mon, 05/14/2012 - 17:05 | 2424260 The Big Ching-aso
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"To the right of our tour bus you'll notice one of our more famous ruins, The Ministry of Finance."

Mon, 05/14/2012 - 20:22 | 2425330 palmereldritch
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The Acrapolis

Mon, 05/14/2012 - 13:03 | 2424206 trebuchet
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Ok so THAT's Where the Troika funds are kept.

Mon, 05/14/2012 - 13:23 | 2424256 johnnymustardseed
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I swear I see a picture of Jamie Dimon on the back wall

Mon, 05/14/2012 - 17:27 | 2424278 The Big Ching-aso
The Big Ching-aso's picture



"The Sword of Dimoncles hangs like an angry penis across our land."

-George Michael


Mon, 05/14/2012 - 19:25 | 2425234 Freddie
Freddie's picture

The irony is Jamie Dimon is a Greek-American married to a tr*be member.

Mon, 05/14/2012 - 15:02 | 2424565 Bubble
Bubble's picture

The Greek MoF is merely storing all of the collateral the ECB received in their LTRO operations. The least they could do.

Mon, 05/14/2012 - 17:46 | 2425059 Jendrzejczyk
Jendrzejczyk's picture


After rehypothication, that chair is worth 1.7 trillion euros.

Mon, 05/14/2012 - 15:20 | 2424620 Peter Pan
Peter Pan's picture

Maybe they could make an appearance on Storage Wars.

Mon, 05/14/2012 - 17:16 | 2424865 The Big Ching-aso
The Big Ching-aso's picture



The good news is that if they start WWIII in Greece there'll be very little infrastructure around to destroy.

Mon, 05/14/2012 - 16:36 | 2424871 americanspirit
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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.

Mon, 05/14/2012 - 21:45 | 2424940 The Big Ching-aso
The Big Ching-aso's picture



The Grape Leaves of Wrath.

-John Steinopolous

Mon, 05/14/2012 - 20:40 | 2425360 mjcOH1
mjcOH1's picture

"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....

Mon, 05/14/2012 - 11:47 | 2423892 Tortfeasor
Tortfeasor's picture

Dying for an english translation.

Mon, 05/14/2012 - 11:51 | 2423916 Rainman
Rainman's picture

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.

Mon, 05/14/2012 - 12:12 | 2424016 WonderDawg
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But the man worthwhile is the man who can smile when his shorts are too tight in the seat.

Mon, 05/14/2012 - 12:23 | 2424053 WALLST8MY8BALL
WALLST8MY8BALL's picture

Are you my Pal? Mr Scholarhsip Winner? hmmm hmmmm hmm?

Mon, 05/14/2012 - 12:28 | 2424071 Harlequin001
Harlequin001's picture

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...

Mon, 05/14/2012 - 13:12 | 2424230 mtomato2
mtomato2's picture

...Looks like they still have a couple of chairs... they got that goin' for them... ...which is nice...

Mon, 05/14/2012 - 17:38 | 2425041 Calmyourself
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Yeah, a few chairs but the music is about to stop and their are millions of them...

Mon, 05/14/2012 - 18:42 | 2425160 gilliganis
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Gunga galunga!

Mon, 05/14/2012 - 13:17 | 2424246 WonderDawg
WonderDawg's picture

How 'bout a Fresca?

Mon, 05/14/2012 - 13:29 | 2424271 The Big Ching-aso
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"Christos!    Where in the phuck did you put the abacus?"

Mon, 05/14/2012 - 14:38 | 2424502 Beaver_Valley
Beaver_Valley's picture

Nice one! I snickered and I've only had two glasses of wine - normally it takes more...

Mon, 05/14/2012 - 13:52 | 2424327 Chief KnocAHoma
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How 'bout a Fresca?

Mon, 05/14/2012 - 12:24 | 2424054 Harlequin001
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you see the real problem is that having just necked a few beers I actually understand German. Amazing...

Mon, 05/14/2012 - 13:09 | 2424217 trebuchet
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and the man with the smile in the short shorts for a while will huff and a puff and tweet tweet


Mon, 05/14/2012 - 19:17 | 2425219 BidnessMan
BidnessMan's picture

We need Judge Smales as Attorney General.  Eric Holder is not doing anything

Mon, 05/14/2012 - 13:44 | 2424310 Reptil
Reptil's picture

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.


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