20 Facts About The Collapse Of Europe That Everyone Should Know

Tyler Durden's picture

Originally posted at The Coming Depression blog,

The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse.

Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s. The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone.

It would be hard to understate how bad things have gotten – particularly in southern Europe. The truth is that most of southern Europe is experiencing a full-blown economic depression right now. Sadly, most Americans are paying very little attention to what is going on across the Atlantic. But they should be watching, because this is what happens when nations accumulate too much debt. The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well.

The following are 20 facts about the collapse of Europe that everyone should know...

#1 10 Months: Manufacturing activity in both France and Germany has contracted for 10 months in a row.

#2 11.8 Percent: The unemployment rate in the eurozone has now risen to 11.8 percent – a brand new all-time high.

#3 17 Months: In November, Italy experienced the sharpest decline in retail sales that it had experienced in 17 months.

#4 20 Months: Manufacturing activity in Spain has contracted for 20 months in a row.

#5 20 Percent: It is estimated that bad loans now make up approximately 20 percent of all domestic loans in the Greek banking system at this point.

#6 22 Percent: A whopping 22 percent of the entire population of Ireland lives in jobless households.

#7 26 Percent: The unemployment rate in Greece is now 26 percent. A year ago it was only 18.9 percent.

#8 26.6 Percent: The unemployment rate in Spain has risen to an astounding 26.6 percent.

#9 27.0 Percent: The unemployment rate for workers under the age of 25 in Cyprus. Back in 2008, this number was well below 10 percent.

#10 28 Percent: Sales of French-made vehicles in November were down 28 percent compared to a year earlier.

#11 36 Percent: Today, the poverty rate in Greece is 36 percent. Back in 2009 it was only about 20 percent.

#12 37.1 Percent: The unemployment rate for workers under the age of 25 in Italy – a brand new all-time high.

#13 44 Percent: An astounding 44 percent of the entire population of Bulgaria is facing “severe material deprivation”.

#14 56.5 Percent: The unemployment rate for workers under the age of 25 in Spain – a brand new all-time high.

#15 57.6 Percent: The unemployment rate for workers under the age of 25 in Greece – a brand new all-time high.

#16 60 Percent: Citigroup is projecting that there is a 60 percent probability that Greece will leave the eurozone within the next 12 to 18 months.

#17 70 Percent: It has been reported that some homes in Spain are being sold at a 70% discount from where they were at during the peak of the housing bubble back in 2006. At this point there areapproximately 2 million unsold homes in Spain.

#18 200 Percent: The debt to GDP ratio in Greece is rapidly approaching 200 percent.

#19 1997: According to the Committee of French Automobile Producers, 2012 was the worst year for the French automobile industry since 1997.

#20 2 Million: Back in 2005, the French auto industry produced about 3.5 million vehicles. In 2012, that number dropped to about 2 million vehicles.

One thing that these shocking numbers cannot convey is the tremendous amount of pain that many average Europeans are living through on a daily basis at this point. To get a peek into what life is like in Greece these days, check out this short excerpt from a recent Bloomberg article…

Anastasia Karagaitanaki, 57, is a former model and cafe owner in Thessaloniki, Greece. After losing her business to the financial crisis, she now sleeps on a daybed next to the refrigerator in her mother’s kitchen and depends on charity for food and insulin for her diabetes.

“I feel like my life has slipped through my hands,” said Karagaitanaki, whose brother also shares the one-bedroom apartment. “I feel like I’m dead.”

For thousands of Greeks like Karagaitanaki, the fabric of middle-class life is unraveling. Teachers, salaries slashed by a third, are stealing electricity. Families in once-stable neighborhoods are afraid to leave their homes because of rising street crime.

All over Europe, people that have lost all hope are actually setting themselves on fire in a desperate attempt to draw attention. Millions of formerly middle class Europeans have lost everything and are becoming increasingly desperate. Suicide and crime are skyrocketing all over southern Europe and massive street riots are erupting on a regular basis.

Unfortunately, this is just the beginning. Things are going to get even worse for Europe.

Meanwhile, those of us living in the United States smugly look down our noses at Europe because we are still living in a false bubble of debt-fueled prosperity.

But eventually we will feel the sting of austerity as well. The recent fiscal cliff deal was an indication of that. Taxes are going up and government spending is at least going to slow down. It won’t be too long before the effects of that are felt in the economy.

And of course the reality of the situation is that the U.S. economy really did not perform very well at all during 2012 when you take a look at the numbers. The cold, hard truth is that the U.S. economy has been declining for a very long time, and there are a whole bunch of reasons to expect that our decline will accelerate even further in 2013.

So if you are an American, don’t laugh at what is happening over in Europe at the moment. We are headed down the exact same path that they have gone, and we are going to experience the same kind of suffering that they are going through right now.

Use these last few “bubble months” to prepare for what is ahead. At some point this “hope bubble” will disappear and then the time for preparation will be over.

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Joe moneybags's picture

As a Yank, I see many favorable things about Europe

1. It's 400+ million people: educated, humanistic, resourceful, multi-talented, and experienced.  Their rebound from the ruin of the second world war, done in one generation, is astounding.  And this was done despite socialism.

2.  Flexible governments:  How about Thatcher's saving Britain from Socialism, or the quick reunification of Germany, or the founding of the Eurozone?  Even considering the problems, the fact is that governmental policy has and can change (for better or worse, of course).

3.  History:  The cradle of western culture for the past 2000 years is not about to go belly up tomorrow over bad economic conditions.  The continent weathered some pretty tough storms all through the last century, and will find a way through their current problems.

4.  Good food.  They have much better food over there than here. And NASCAR, they don't have NASCAR.

balz's picture

Thatcher didn't save anything. She merely wasted the time that was left for a more sustainable future. Her legacy is as much a failure as is Reagan in the US. In 1980, it was still time to act because Peak Oil was in decades. Now its too late, thanks to those ploutocratic lapdogs that launched a 20 years oil binge while destroying the social net and enriching a minority of new oligarchs.

Sandmann's picture

She squandered North Sea Oil using revenues to pay welfare benefits as she destroyed Manufacturing Industry and deregulated Finance. Thatcher's Legacy was the New World Order of Globalised Banking with easy credit paying for imported goods. Thatcher made Germany and Japan boom and boosted their exports using North Sea Oil revenues to pay for BMWs, Mercedes and as much as one country could import. Last UK Trade Surpolus 1981

Sandmann's picture

Thatcher's saving Britain from Socialism.......giving Blair a Landslide in 1997 to bring former Communists into Government. German Unification which caused all the problems in European Finance and is busting German cities. Europe is in ruins. Romania and Bulgaria are run by gangsters. Poverty is widespread. Greeks starve and have no medical care. Europe did not "rebound" from war in one generation - Britain had food and clothing rationing until the mid-1950s and Forex Controls until 1979. As or (3) the same was said in 1933 when everyone expected the USA to go Fascist but in fact Europe did and Spain had its war in 1936 so the US could bed Franco down as a Dictator and Ally. Do you know what is going on ?.

kito's picture

im starting to grow desensitized to collapse talk.....ive immersed myself in it and yet......nothing.....europe still intact, dollar inex stable, stocks storming to new highs, real  estate showing cosmetic improvement, treasury yields still low, budget deficit and net interest paid on debt actually spinning backwards:

http://www.usdebtclock.org/

 

im also growing tired of rotating/replenishing my stock of beef jerky, pasta, rice, beans and canned tuna.....there is just so much one can eat before being repulsed by it................

what to do.....what to do............

 

perhaps a trip to the mall, paid for on my newly minted visa, would do the trick........................

 

Rick Blaine's picture

Yeah, I hear ya...

All most people can realistically do is obtain items that will be useful/retain value no matter how this all turns out - either a complete collapse/SHTF or everything is AOK.

Yeah, I know I went nuts a few years back, but that's pretty much been my thought process in obtaining guns and ammo.

Sure, if we really go Mad Max, I'm screwed along with basically everyone else...but if we just experience a relatively short period of serious "issues," guns/ammo will certainly be valuable...

...and if everything turns out OK, well, I may take a hit on that stuff, but I'm all but 100% positive that it will retain a decent amount of its value.

BTW, any people who are scrambling to buy their first serious gun right now and/or paying insane prices to do so, only have themselves to blame.

After the "scare" of '08/'09, you could really get some pretty good deals for about two years.

In fact, as late as this past October, I had the chance to buy as many Colt AR-15s as I wanted for less than $900 a piece....

Yes, I'm kicking myself in the ass for not buying more than I did.

45north's picture

Use these last few “bubble months” to prepare for what is ahead. At some point this “hope bubble” will disappear and then the time for preparation will be over.

that got my attention


Jack Burton's picture

The Bubble Mentality is going strong. I know because I sometimes go to the Main STream Media here in the USA and also give National Public Radio a listen as well. Today was such a day, I devoted some time to MSM to get a feel for what they are pushing. I tell you, it is unbelievable!

To be brief, they are pushing recovery as a done deal. They proclaim a turn around in housing and a return to house price inflation. The jobs picture may be slow, but it is steady progress upwards. Etc. Etc.

The MSM is selling a lie. Nothing les than a total lie. I expect they do this everyday, but since I rarely access MSM, I do not know that for certain.

If Americans still rely on corporate Media for information, then Americans are unaware that disaster is staring us in the face.

lakecity55's picture

Having done research on NAZI propaganda back in joe college school, I can say the current "news" is no different.

Magnum's picture

I was just in Europe last month, for the second time in a year, on a nice vacation.  I walked for hours, for miles and miles, and for days, and did not see a single police car.  No cops, just decent white people behaving themselves.  

Switzerland in collapse eh?  What a joke.  Clean streets and very "high living".  

Denmark and Sweden falling apart?  You have got to be kidding me.  Nice cars, no crime to speak of, stores full of good food, and in the case of Scandinavia you never see poverty.  Simply do not see it anywhere.  No bums, no beggars, no homeless, and the people look very healthy.

Frankly I weigh standard of living based partly on how often I see cops.  The standard of living is pretty decent for everyone in Europe compared to the police state paranoid deal we have going on here in USA (cops EVERYWHERE in US Police State), and we are all paying dearly for funding wars that Europeans did not get suckered into.  To make matters worse, most Americans haven't a clue, and love the sight of cops & TSA thugs.  If I had a choice I'd live in Europe in a heartbeat.

Sandmann's picture

I was just in Europe last month.............a very small place apparently which others think is a Continent.  Switzerland has major problems, Denmark and Sweden have major problems. Three small countries with populations smaller than London with major problems of immigration and crime. You didn't see it because you are a tourist. The financial system in Europe is imploding but you did not notice. Last time I heard an American say he had not seen many police cars or policemen was in Leningrad and the Intourist Guide beamed "That is the beauty of our system. We do not need many policemen". The Soviet Union apparently got by without "policemen"

Magnum's picture

Hey Sandmann no doubt there are problems in USA too, because it's more F'ed up than Europe.  I spent a week in Slovenia as well and walked around without seeing any cops, and attended two outdoor concerts where people meander in and out, drinking and having a good time.  Can't do that anywhere near my home in USA, there would be 60 cops at every concert and serious fences and gates and strict no alcohol prohibition zones.  Sheeple don't notice it but I do.  Went to Austria and walked around for hours on weekend nights to see happy people frolicking around.  

I don't discount your statement that there are problems in Switzerland but what the heck are they?  From what I could see, Swiss is Swiss.  Perfection.

I have long been told about the great problems in Sweden from mooslims but again, didn't see any of it.  Many nights walking around Stockholm and not a peep of crime or any threat of any menace, and streets clean as a whistle.  Gothenburg, wow talk about a nice place full of healthy people.  What the heck is the crisis in Sweden?

Based on my view UK is probably just as bad as USA on some levels, and I have not spent any time in Greece, Spain, Portugal.  But to say all of Europe is a wreck on verge of collapse, it's just not true.  A lot of the E European countries have been through hell with communism and will be strong consumer markets for decades to come.  

Sure, there is an urgent need for banking reform but the European lifestyle seems far more likely to survive a coming crisis than USA.

Back to your message, just what problems are you referring to in Switzerland and how do you know of these problems, as a tourist yourself or reader of internet articles, or are you Swiss?  Thanks in advance for your response.

Sandmann's picture

It is not Stockholm but Malmo.  http://en.wikipedia.org/wiki/Crime_in_Sweden                       As for CH  http://www.migrationinformation.org/USfocus/display.cfm?ID=284................

http://cavatus.wordpress.com/2012/01/13/malmo-criminal-city/

http://cphpost.dk/news/local/bomb-attack-and-shooting-latest-malm%C3%B6-...

http://www.telegraph.co.uk/news/worldnews/europe/sweden/7278532/Jews-lea...

 

You won's see cops in England either - they keep away from crime unless its homophobic or race-related (they get bonuses and penalties for dealing with these "hate" crimes).  In England you have to build your own prison to protect yourself.............if you want to have a look at representative English viw of the police try this............They like to watch CCTV  and keep warm but the rest of us get to be victims for CCTV filming

http://www.youtube.com/watch?v=OVOSfHFNlcI

http://www.youtube.com/watch?v=cX5cZgQVreU

http://www.youtube.com/watch?v=l9rmHPmnnKw

 

KingTut's picture

Whoa! All three countries you mentioned aren't even in the Eurozone: Sweden, Denmark and Switzerland.  Switzerland is not even in the EU.  These have always been very civilized well-behaved countries.  Its almost a list of the countries that were neutral in WW-II.  You will notice that they aren't mentioned on the list up there.

But even these countires have put their very spiffy lifestyle on Mastercard.  So far the nothern countires can still make the minimum payments.  But the southern countries, which even nicer to visit, are in real trouble.  They have a level of debt that their shrinking economies will soon not be able to service.

The thing to realize is that the real economies are mostly OK.  People get up in the morning, go to work, buy food etc.  Trucks still deliver all that nice cheese and wine to the stores.  But the global  money machine is badly broken.  So things will cruise along, apparently going just fine until  one day the money machine stops. Then all that niceness will stop overnight.

gatorengineer's picture

Funny article, Europe can't collapse with Lew the Jew, and Turbo Tax Timmy (Benny's successor) at the inkjet.  cant and wont happen.  Sorry kids.  Globalization, monetization yep, collapse..... is relative

Vince Clortho's picture

Why does the author assume that people are "laughing" at what is happening?

americanspirit's picture

I'm tired of lists of facts. As I look around my small corner of the world it is obvious that most people are tired, dis-spirited, and hopeless. Even the ones with enough money to sugar-coat their lives are worried sick - they know they are one step away from being homeless sleeping under the bridges. People in my town are going through the motions of living normally but stop anyone for a quick conversation and its obvious that they know there is no future anywhere. Nobody has any solutions - there is no hopefulness. Even the children are just going through the motions - I teach as a substitute so I see them every day. This is a hollowed-out society waiting for the terminal event to completely collapse. There are no solutions. Sorry about that.

kito's picture

come on now, where is your american spirit??? there are things one can do.....and it all starts local.....a town of people moping around should realize that they have tremendous power to work towards self sufficiency......there is plenty communities can do to empower themselves....assuming they have the american spirit...........

Fishthatlived's picture

I disagree. I don't think the TMZ viewers have a fucking clue. They just voted for less liberty and are happy as clams.

AgAu_man's picture

When things get too complex, it's always good to step back and look at the landscape.  Reduce things to Fundamental Principles, and start from scratch:

The EU has an amazing wealth of educated and skilled people.  People  who are all being conned & enslaved by  corrupt politicians and bankers with their fraudulent fiat-currency.

Time to ditch-the-fiat-bitch!   Make the fiat-masters and politicians work for a living.  For a change.  If they know what 'work' is.

orangegeek's picture

The DAX just hit a five year high - going back to 2008.  The FTSE is about to do the same.

 

People setting themselves on fire - bullish.

The Miser's picture

Stocks hit at time highs just before the bottom fell out in the Great Depression.  

AgAu_man's picture

It's all Central (Bankster) Planning bullcrap.  Same as when they had the Communist Central Planners managing the 'News' with their phoney double-entry books, phoney factory production stats, phoney harvests, but private some-are-more-equal-than-others-deals

Frikkin 'DAX"!  Lived & worked in Deutschland for a number of years (as a highly-paid professional).  You should see what my friends from former East Germany told me about the Commie days of Central Planning.  They work in Frankfurt, and probably Wall St too.

Also... frikkin' "Tito Bandito!".  Been there, seen it all.  Getting the EU-deja-vu feeling.

Short politicians and bankers.

Derezzed's picture

So true. To me it's pretty much clear at this point that one of those giant economies will fall and drag the rest into the abyss :

- Japan (too old too much debt)

- China (overheating unmature economy that looks like US pre 30s)

- Europe (too much debt, too old, demographic bombs, balkanisation, a fragile construction that can't hold much longer)

- USA (debt, corrupt govt, ...)

Lord Of Finance's picture

Ladies and gentleman, we know neither the day or the hour but we do know that we are in a long term bear market which will see new lows much more so than highs. Just continue to buy the dips in those precious metal resources and be nimble.

     And now a message from the second most interesting man in the world:

 

     "I don't always buy gold coins, but when I do, I buy gold eagles. Stay patient my friends."

Sandmann's picture

Meanwhile, those of us living in the United States smugly look down our noses at Europe because we are still living in a false bubble of debt-fueled prosperity.

Yes ! I am tired of American friends seemingly oblivious to the situation - and you should include Britain in "Europe" where the Squeeze is very tight from increased taxes, currency depreciation induced inflation, energy prices, water costs,  pay cuts/freezes, QE destruction of savings, food inflation, Maybe Americans could try 20% Sales Tax and taxes at UK levels. My American friends seem to have lived a life of luxury and plenty selling houses quickly and floating on rising incomes especially the ones in Finance. It feels like it must have been for people in Europe in 1947 versus the US back then with Bankers being like Great Gatsby in the 1920s.

steve from virginia's picture

 

 

All this data is well known to readers here @ ZH. Europe is insolvent, why?

 

Because it cannot borrow. Because Europe cannot borrow it is insolvent.

 

Economics is maddenly simple: Because Europe cannot borrow it cannot service its debts, because of non-payment Europe cannot borrow ... all this in a vicious cycle.

 

Etc.!

 

Europeans have borrowed trillions of euros to buy cars, freeways, tract housing, box stores, 'resorts' and 'entertainment districts', airports, energy-wasting military 'goods' ...

 

Making 'use' of the goods is unable to service the loans. To do so requires more borrowing which is a) unsustainable and b) a tradition. Because countries cannot borrow, they are insolvent ... because they are insolvent ... etc.

 

Europe is knackered!

 

The unemployment rates are very high ... guess what? They will never improve! Europe needs a couple more Saudi Arabias that can offer them another 10 million barrels per day, to bring fuel costs down to affordable levels. This isn't going to happen, the oil isn't there, ours is an energy crisis not a credit crisis.

 

Our industrial economies are hung (hanged) out to dry.

 

Not only, this is not simply AN energy crisis, it is THE energy crisis, the historical endgame. Greece is the first country into the septic tank, the other European nations are certain to follow quickly.

 

Solution? Get rid of the cars, freeways, towers, resorts, factories, etc ... go back to small-scale non-industrial endeavors such as wine and liquor making, cooking oil production, clothes- and shoe making, home repair, etc ... enterprises that do not require credit. There is no choice, do this as an act of will ... or the process will be rammed like George Carlin's red-white-and blue dick up yr European (and American) candy asses.

 

See! There is a reason to read Zero Hedge comments!

AnAnonymous's picture

Europeans have borrowed trillions of euros to buy cars, freeways, tract housing, box stores, 'resorts' and 'entertainment districts', airports, energy-wasting military 'goods' ...

Making 'use' of the goods is unable to service the loans. To do so requires more borrowing which is a) unsustainable and b) a tradition. Because countries cannot borrow, they are insolvent ... because they are insolvent ... etc.

_______________________________

On the point. But this is an 'american' world and 'american' economics is all about consumption.

Solvency is no worth measure in an 'american' world.

The only measure worth following is how insolvent entities manage to deepen their insolvency. It is all what matters in an 'american' world.

Approaching solvency or being solvent in terms of environment is like being marked for death in this 'american' world:
-either 'americans' are within to dry that solvency status to increase their insolvency
-or they are the gates waiting for the opportunity to consume that solvency.

'Americans' know no other solutions than 'american' solutions.
And the 'american' solutions are all about deepening the insolvency status.

akak's picture

Lead-tainted playthings and slow-roasted kittens
Black cooking marmites and foul public shittins'
Denial, bigotry and middle class kings
These are a few of my favorite things

Crap-covered roadsides and crisp Szechuan puppies
Truncheons and sweat shops and Chink neo-yuppies
Rare tiger penis that makes big the shwing
These are a few of my mattering things

When the dog woks
When the prole shites
When I'm feeling sad
I simply remember my favorite theme:
That every 'American' is bad.

Dead female fetuses on toxic waste mountains
Resource depletion and shit-tainted fountains
Naked hypocrisy and trolling in spring
These are a few of my blobbing-up things

Citizenism and insanitation
The criminal rape of the Tibetan nation
Circular arguments that run 'round in rings
These are a few of my favorite things

When I troll blogs
When my butt stinks
When I'm feeling mad
I simply remember my mattering thing:
That every 'American' is bad.

AnAnonymous's picture

Perform your 'american' duty, turn that stuff into an 'american' cultural item and try to monetize it.

Fantasy, the last harbour for 'americans'

Best thing is that people around the world are pushed under the train so that 'americans' can be allowed to wallow in their fantasy.

Consumption...

akak's picture

Lead-tainted playthings and slow-roasted kittens
Black cooking marmites and foul public shittins'
Denial, bigotry and middle class kings
These are a few of my favorite things

Crap-covered roadsides and crisp Szechuan puppies
Truncheons and sweat shops and Chink neo-yuppies
Rare tiger penis that makes big the shwing
These are a few of my mattering things

When the dog woks
When the prole shites
When I'm feeling sad
I simply remember my favorite theme:
That every 'American' is bad.

Dead female fetuses on toxic waste mountains
Resource depletion and shit-tainted fountains
Naked hypocrisy and trolling in spring
These are a few of my blobbing-up things

Citizenism and insanitation
The criminal rape of the Tibetan nation
Circular arguments that run 'round in rings
These are a few of my favorite things

When I troll blogs
When my butt stinks
When I'm feeling mad
I simply remember my mattering thing:
That every 'American' is bad.

TheFourthStooge-ing's picture

Perform your AnAnonymous doody, squat and turn that stuff into a Chinese citizenism cultural shit heap and try to ignore it.

Roadsides, the convenient harbour for Chinese citizenism citizens.

Best thing is that people around the world are pushed aside so that Chinese citizenism citizens can be allowed to wallow in their roadside open air latrines.

Excretion...

TheFourthStooge-ing's picture

AnAnonymous knows no other solutions than Chinese citizenism solutions. And the Chinese citizenism solutions are all about deepening the crap on the roadside.

ceilidh_trail's picture

Used russian aircraft carriers, apartment buildings that topple over, drywall that ain't dry (toxic chemical soaked), toxic dog food, toxic toys... Yup, the peeeples repubic of cHiNa- the place to be! Now, shut up and get me an eggroll- Oh, on second thought, never mind.

jubber's picture

...but every European market is at 52 week highs

AnAnonymous's picture

As usual, the requirement for symetry allows 'americans' in any raving act.

No, it wont come to the US. On the very contrary, the demise of Europe will bring ease to the US.

This is an 'american' world and a US world order.

The world is organized so that the US market is the ultimate consumption sink. Every place will be shut down before to favour and preserve consumption in the US.

Today, the servants(the 'american' political class, the corporations) to the 'american' People, aka the 'american' middle class, have very few 'american' solutions to keep to their duty(protecting and bringing prosperity to their master)
If the 'american' political class/corporation want to keep doing their job, they have to sacrifice part of the 'american' middle class in order to ensure the salvation of the other part.

So far, they have shown to have no other solution.

Where to find 'american' middle class? Not a hard one. Mainly in 'american' nations. Not much to be found in other nations that are used to serve as the 'american' ritual sacrifice.

As announced long ago, Europe has been elected as the one to be pushed under the train to help and save the rest of the 'american' middle class

So the US will benefit from this. Every thing is made to make sure that US Americans can keep consuming.

For example: one product to be found in the US at $40 is to be found in Europe at €160. 'Americans' will come with such extravaganza like tax policies, custom fees...

Nope, it is simply that the more 'americans' residing in Europe are pushed out of their consumption, the more it will make room for 'Americans' residing in the US to consume.

There is still depletion of resources looming ahead, ensuring that the best days are gone.

But as Europe falls, the US will be maintained.

The salvation of the 'american' People, the 'american' middle class can only come at the expense of the sacrifice of some from within.

akak's picture

Lead-tainted playthings and slow-roasted kittens
Black cooking marmites and foul public shittins'
Denial, bigotry and middle class kings
These are a few of my favorite things

Crap-covered roadsides and crisp Szechuan puppies
Truncheons and sweat shops and Chink neo-yuppies
Rare tiger penis that makes big the shwing
These are a few of my mattering things

When the dog woks
When the prole shites
When I'm feeling sad
I simply remember my favorite theme:
That every 'American' is bad.

Dead female fetuses on toxic waste mountains
Resource depletion and shit-tainted fountains
Naked hypocrisy and trolling in spring
These are a few of my blobbing-up things

Citizenism and insanitation
The criminal rape of the Tibetan nation
Circular arguments that run 'round in rings
These are a few of my favorite things

When I troll blogs
When my butt stinks
When I'm feeling mad
I simply remember my mattering thing:
That every 'American' is bad.

TheFourthStooge-ing's picture

As usual, the requirement for symetry allows Chinese citizenism citizens to shit on both sides of the road.

No, he won't come to the US. On the very contrary, the demise of European roadsides is the Chinese citizenism doody of AnAnonymous.

This is an AnAnonymous turd and a Chinese citizenism world odor.

The world is organized so that the roadsides are the ultimate Chinese citizenism excretionary stink. Every place will be shit down onto, as one observes Chinese citizenism citizen exrcetions on roadsides worldwide.

As announced long ago, Europe has been elected as the one to have its roadsides pushed under the shitstain for the fecal release of the Chinese citizenism middle crass kingdom.

Joe A's picture

Things are bad in Southern Europe perhaps but there is no mass starvation. Personal tragedies and mass unemployment, foreclosures, suicides but no complete breakdown of society, people.

shovelhead's picture

Yes, pay no attention to that roasting fellow on the Parliment steps...

Just another disgruntled consumer.

Steve in Greensboro's picture

Sorry ZH commie-commenters.  The problem is not "banksters".  The problem is not the Jews.  The problem is the total state and its mission to extinguish individual liberty and make us all slaves to the state.

dunce's picture

We had a chance in Nov. to change course, now you are going to get the govt. you, the majority, voted for and all i get is schadenfreude.