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Racing To The Revolution: Spain Vs Greek Youth Unemployment

Tyler Durden's picture





 

Spanish and Greek youth unemployment surged to yet another new record as joblessness among the under-25 cohort is now above 55% for both of these troubled nations. "We haven't seen the bottom yet," one analyst notes as the BBC notes that the youth unemployment in these nations is more than double the euro-area average. As we have noted many times, this ludicrous state of affairs (in nations that proclaim the worst is past) is by far the most-concerning for European stability. Even Frau Merkel opined this morning in Davos that:

  • *MERKEL SAYS EU YOUTH UNEMPLOYMENT BIGGEST BURDEN, NEEDS TACKLED

Yet, there is nothing being done. Across the 27-nation bloc, there are 5.8 million people aged under-25 that remain long-term unemployed. This has always and forever led to extreme events and social unrest, as we warned here (must read). As the year warms up, which nation will 'spring' first?

 

 


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Thu, 01/24/2013 - 13:47 | Link to Comment Say What Again
Say What Again's picture

BULLISH

Thu, 01/24/2013 - 13:47 | Link to Comment Lohn Jocke
Lohn Jocke's picture

WHAT?!?!

Thu, 01/24/2013 - 13:51 | Link to Comment Say What Again
Say What Again's picture

Jamie:  I just bought a shit-load of Puts

Whale: Be careful!

LLLLLoyd:  God Damn It!!!!  I wanna sell somthin

Thu, 01/24/2013 - 13:57 | Link to Comment Say What Again
Say What Again's picture

Bernanke:  Tell everyone your buying AAPL.

Cohen:  Damn!!!  It NEVER stops snowing here!

Liesman:  No worries...  I'll write a piece about the great earnings forecast.

 

Thu, 01/24/2013 - 14:03 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Looks like we get to 100% youth unemployment in Spain and Greece sometime around 2017.

Thu, 01/24/2013 - 14:32 | Link to Comment economics9698
economics9698's picture

Calling Dr. Paul Krugman, calling Dr. Krugman, Dr. Krugman respond at once.  /sarc

If they were smart they would find out where the bankers live, and hang them. 

Thu, 01/24/2013 - 15:13 | Link to Comment macholatte
macholatte's picture

 

They'd probably murder a minimum wage retail clerk and then go back to their tabloid coverage of the Royals and swoon.  I'm not optimistic they have a clue. I am ready to be pleasantly surprised.

 

The optimist thinks this is the best of all possible worlds. The pessimist fears it is true.
J. Robert Oppenheimer

 

The nice part about being a pessimist is that you are constantly being either proven right or pleasantly surprised.
George Will

 

Thu, 01/24/2013 - 15:37 | Link to Comment bobnoxy
bobnoxy's picture

But Obama says the bankers did nothing illegal. That they've paid over $2 billion in settlements is apparently just another show of their never ending good will.

Thu, 01/24/2013 - 18:59 | Link to Comment HoaX
HoaX's picture

The president of the Dutch Banking association made a nice statement today:

"Banks do not need to say sorry '
AMSTERDAM - The Dutch banks have their business ''for 98 percent" in order. Boele Staal, chairman of the Dutch Banking Association (NVB) says Thursday in an interview with the AD.
Photo: Reuters

'' Our members have done much in recent years. But society is in disbelief, "said Staal.

The blame for the financial crisis should, according to Staal not only be sought from the banks, because they responded primarily to a question from the market. '' Society also wanted that abundance of credit. The banks had to recognize the problem, but it is caused by a society where "it is never enough" is a core principle. "

Now the banks have put things in order, according to Staal an apology is no longer needed. ''We must now show that we have learned the lesson. "

Translated from Nu.nl

Thu, 01/24/2013 - 16:13 | Link to Comment Joe Davola
Joe Davola's picture

Publish the list of where they live.  Bet it overlaps gun ownership or totership on the 'hired help'.

Thu, 01/24/2013 - 15:06 | Link to Comment Nussi34
Nussi34's picture

They will hit 200% soon. 200% means: 2 guys out of work, one working.

Thu, 01/24/2013 - 15:51 | Link to Comment Super Broccoli
Super Broccoli's picture

well if you ever get over 66% (so 2/3rd) of youth unemployment and stay there for more than a few weeks, then the government is in big trouble !

Fri, 01/25/2013 - 05:21 | Link to Comment Stuntgirl
Stuntgirl's picture

The Spanish number at least (can't say for the greek) is bullshit. It is much closer to 60%, if not 65% already.

Kids know the will not get employment so they desperately extend their university time, some enroll in 2nd university degrees, even non-college students return to education.

Watch the budget for education sink, and direct costs to students soar. After June, most won't be able to afford their next year of uni or professional training or languages courses.

This summer will be fun.

 

Thu, 01/24/2013 - 14:05 | Link to Comment true brain
true brain's picture

youth unemployment= adult unemployment= permanent adolescents = childless bumps=social security dependent, bitching and whining old assholes demanding more and more social security.

 

They are digging the graves, mass gigantic graves for their countries. In 30 years, all these youth will become old whining, childless assholes.  No more young generation in 30 years. Good bye Europe.

Thu, 01/24/2013 - 14:13 | Link to Comment magpie
magpie's picture

Exactly, this isn't some kind of youth bulge like in the Middle East - so no revolution.

Thu, 01/24/2013 - 15:12 | Link to Comment MachoMan
MachoMan's picture

Youth bulge...  I used to get those in class every once and a while...  waistbandtuck ftw

Thu, 01/24/2013 - 15:47 | Link to Comment walküre
walküre's picture

Why do you think they remain childless? Being unemployed gives them more time to fuck and breed. Who cares about the cost of feeding more kids when government is there to step in. Every case study shows that there is a decrease in wealthier countries because of a lack of care, time and energy to breed.

Europe's biggest problem has been declining demographics. Keeping people unemployed and on welfare might just fill that gap. Not that it would make any sense whatsoever but the current motto of Central Bankers around the world is "have printer, will use it".

Thu, 01/24/2013 - 18:38 | Link to Comment Terminus C
Terminus C's picture

Highly educated impoverished people will not have babies...  The strongest co-relation to birth rate is level of female education.  Want babies, make dumb, powerless women. 

Thu, 01/24/2013 - 22:26 | Link to Comment StychoKiller
StychoKiller's picture

Meh, unless you get rid of child-labor laws, someone's gotta take care of the little rugrats...

Fri, 01/25/2013 - 05:23 | Link to Comment Stuntgirl
Stuntgirl's picture

Completely correct.

Fri, 01/25/2013 - 06:10 | Link to Comment Harbanger
Harbanger's picture

I read somewhere that the #1 most popular boys name in England was mohammed.  So in 30 yrs the new Queen may be wearing a burka.

Thu, 01/24/2013 - 13:51 | Link to Comment The Juggernaut
The Juggernaut's picture

To have a proper Revolution, send these people Ron Paul videos.

 

Is anyone on the ground there to see if there are any rallies?!?  That shit would be awesome.

Thu, 01/24/2013 - 16:45 | Link to Comment Totentänzerlied
Totentänzerlied's picture

There are indeed! Pick your flavor: Marxist rallies, Maoist rallies, Socialist rallies, Stalinist rallies, Fascist rallies, Syndicalist rallies, why, there's something for everyone!

Anyone who thinks a revolution is coming to Europe soon is out of there ****ing mind. But when it does come, it will, I promise you, be progressive/socialist in some form. Do not take my word for it. Go to any gathering place in Europe and inquire of the locals their political beliefs. Make sure to bolt your fucking jaw shut first or it will be dislocated when it smashes into the ground.

Thu, 01/24/2013 - 21:21 | Link to Comment Non Passaran
Non Passaran's picture

So true (and nicely said). Well done!

EUR...otrash, bitchez!

Thu, 01/24/2013 - 13:49 | Link to Comment inevitablecollapse
inevitablecollapse's picture

need moar paper routes!

Thu, 01/24/2013 - 15:11 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

Kick the War machine in overdrive problem solved..

Thu, 01/24/2013 - 15:31 | Link to Comment Colonel Klink
Colonel Klink's picture

Yep war is the employer of choice for the elites.

Thu, 01/24/2013 - 13:51 | Link to Comment LongSoupLine
LongSoupLine's picture

This is fucking ridiculous.  Lazy fuckers...there's tons of demand in Molotov Cocktail manufacturing for both these regions.

Thu, 01/24/2013 - 13:55 | Link to Comment reload
reload's picture

AH....first smile of the afternoon, thanks.

My money is on Spain to kick off first, no science - just a feeling. They have always done civil war so well.

Thu, 01/24/2013 - 15:34 | Link to Comment Joe Davola
Joe Davola's picture

Substitute Red Bull for Coke in kalimotxo and it's on!

Thu, 01/24/2013 - 13:52 | Link to Comment q99x2
q99x2's picture

Well it won't be the US. Got all their asses enrolled in colleges this semester. They make a decent living that way and don't piss off the folks.

Thu, 01/24/2013 - 14:03 | Link to Comment LongSoupLine
LongSoupLine's picture

Got all their asses enrolled in colleges this semester.

 

 

Got all their asses loaded down in college loan debt.

fixed it...

Thu, 01/24/2013 - 14:23 | Link to Comment tango
tango's picture

 My son has an "A" average in computer engineering but is considering a masters.  The job market in technica fields really rewards a Masters.  Ironically he has worked retail since he was 16 and they want him for a mgr (six figures).  

BUT - he will graduate with zero debt.   We invested in the TN education progra) when he was young and by the time he went his original value had tripled.  My oldest son who moved out some time ago now has $30K in student loans and counting.  He is switching schools because "President Obama" will pay for his education (loan) with spending money (grant) along with food stamps.  I've argued until I am blue but he sees absolutely no problems with debt!

Thu, 01/24/2013 - 14:27 | Link to Comment Jena
Jena's picture

Maybe your oldest son reads Krugman.  Sympathies.

Thu, 01/24/2013 - 14:54 | Link to Comment Double.Eagle.Gold
Double.Eagle.Gold's picture

Colleges produce professors, not computer programmers.

After 32 yrs. as professional programmer, 20 in commercial SW houses, 1/2 that at MSFT, I can assure you a CS degree does not f'in matter. What matters is whether they can think creatively.

The _only_ SW Company that gives a rat's arse about college is Google. Have him apply there for an internship, do it now.

I retired, became bored after couple of years, started a small SW shop and now have more work than I can handle. If your son has any actual mad skills, have him contact me thru support@saintssoft.com

-john

 

Thu, 01/24/2013 - 15:56 | Link to Comment Super Broccoli
Super Broccoli's picture

ahah nice "it's a worthless degree but i'll still hire him for cheap" try !!!

Thu, 01/24/2013 - 21:18 | Link to Comment Jadr
Jadr's picture

Are you in software development or are you just talking out of your ass?

While my evidence is merely second hand and anecotal, I have discussed the value of computer science degrees with several friends (whom are employed in software development) who have echoed the sentiments of the poster you are deriding.  Like most college degrees, only a minimal portion of the education has a direct relation to the necessary skills for actual jobs.  One of my friends stated that the most valuable part of his CS education occurred in his first two years of schooling and his upper division courses provided minimal real world applications.

Thu, 01/24/2013 - 22:30 | Link to Comment StychoKiller
StychoKiller's picture

"The Art of Computer Programming," vols 1 thru 3, by Donald Knuth is more than an adequate

substitute for a lot of computing theory...

Thu, 01/24/2013 - 16:50 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Europe is no different, as I'm sure you know, they push college just as much and (yadda yadda yadda) it's """free""" or nearly so, for the student. Perfect way to keep them preoccupied.

Fri, 01/25/2013 - 05:28 | Link to Comment Stuntgirl
Stuntgirl's picture

They do push college, but it's not "free".

College costs to students nearly doubled this year in Spain. So did "professional training" costs (mechanic, etc) Guess who can't afford to enrol aftel this June comes around?

 

Thu, 01/24/2013 - 13:52 | Link to Comment Ident 7777 economy
Ident 7777 economy's picture

Hockey stick ... as the man said 'bullsih' ..

Thu, 01/24/2013 - 15:28 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

Hockey sticks are useful weapons in revolutions.

Thu, 01/24/2013 - 13:55 | Link to Comment fourchan
fourchan's picture

i dont want a holliday in the sun...

Thu, 01/24/2013 - 14:00 | Link to Comment Racer
Racer's picture

And how they are trying to keep youth unemployment low in the UK?

Why force even graduates to take ANY job or else they get their benefits stopped... that's how.

If you miss 3 appointments in a row you get no benefit for THREE years

Thu, 01/24/2013 - 15:57 | Link to Comment Super Broccoli
Super Broccoli's picture

idiotic response really ! when there is NO job, there is nothing to miss

Thu, 01/24/2013 - 14:02 | Link to Comment q99x2
q99x2's picture

Although they probably won't call them this: they could put them into Hitler Youth Camps.

Thu, 01/24/2013 - 16:53 | Link to Comment Totentänzerlied
Totentänzerlied's picture

What do you think universities are, in a land where professors do not need to hide their Marxist sympathies.

Thu, 01/24/2013 - 14:18 | Link to Comment Mercury
Mercury's picture

Across the 27-nation bloc, there are 5.8 million people aged under-25 that remain long-term unemployed. This has always and forever led to extreme events and social unrest, as we warned here (must read).

Well not always. Places like Saudi Arabia have had massive youth unemployment for decades.  I'm sure they're not happy about it but nonetheless their nation remains fairly stable.  Look at it this way: in addition to dwindling liberties and a massive state security apparatus NEMA youth will have that much less to be jealous about or hate the West for PLUS this contributes to greater equality among peoples of different nations.  And THAT means we're winning the war on terror! Root causes: gone gone and gone!

Now that’s the kind of big picture thinking and leadership from behind that can only be accomplished by central planning. :)

Thu, 01/24/2013 - 15:15 | Link to Comment MachoMan
MachoMan's picture

Stability is simple a temporary phenomenon, predicated upon defying economic gravity...  those tribute payments to the mob (welfare) are going to bounce soon enough...  this is the problem with induction.

Thu, 01/24/2013 - 15:59 | Link to Comment Super Broccoli
Super Broccoli's picture

we're heading to this. More old farts, less young people. No job nor future for the youth but the oldies don't want to hear anything about it ... so they'll pay whatever it takes to calm down these young fuckers and have them pay for the debt !

Thu, 01/24/2013 - 14:05 | Link to Comment steve from virginia
steve from virginia's picture

 

 

Never going to tackle unemployment b/c the preferred solution is luxury jobs in office towers, the management of robots or sales of Chinese poison dog food in box stores. It's all more of the obsolete way of thinking: waste and waste-promotion ... the effort to sell more cars.

 

The kids are going to have change their attitudes, learn to work with their hands, learn how to make things that people need and leave off the Chinese imports. Europe has to start employing itself, open the small workshops and close the factories ... the few factories that remain. The factories are dead already, not much is needed to tip them over the edge ...

 

The kids need to turn away from credit, leverage themselves to their innate creativity, leave behind AAPL and MSFT and gadgets, make beautiful, useful things that don't require electric grids, nuclear reactors, container ports, freeways, airports or militaries to cram these things down peoples' throats. The kids need to buy and sell to each other, fuck the gigantic corporations and their lackies in governments and central banks.

 

The kids need to turn away from the financial charlatans and frauds, abandon the idea of money-making-money, forget getting rich some day, let the finance people die that slow death by credit-starvation. The kids need to look around and see what their grandparents did to support their families before gasoline, coak, credit cards and cell phones ... the kids then need to do these things themselves.

 

The modern world depends on affordable petroleum fuel which is disappearing fast. The kids are running out of time to figure out which way to jump ...

 

...

Thu, 01/24/2013 - 14:36 | Link to Comment tango
tango's picture

I have yet to discover why folks are so down on Apple (especially compared to MSFT)- probably because of the Tylers.  If they said the moon was square some would agree (sorry Tyler but true).   I have Apple products and they are easy to use, efficient, powerful, wonderful productivity tools.   It's almost as if some posters are terrified folks will be happy.   Yes, live within your means - NO credit if possible (like I was brought up) - but a primitive lifestyle of growing and preserving food, sewing cothes, welding, etc does not sound appetizing - we own a farm.

I like Peak Prosperity as much as anyone but Chris has consistently understated technological advances - a situation he has remedied lately.  A short example is solar.  If the price  and efficiency continue their patterns for five years, it will soon cost 1/3 as much with triple the output.  That's with easier, faster and cheaper installations.  (Yeah, I know we wont have solar cars but the chances are overwheming that new technologies will emerge.  The idea of individual cars may be waning.)  

Thu, 01/24/2013 - 17:05 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Can I get like a kilo of the **** you're smoking?

Can you put this into a Five Year Plan?

Thu, 01/24/2013 - 14:11 | Link to Comment Shizzmoney
Shizzmoney's picture

And nothing WILL be done.

The old Europeans capital class doesn't want to hire (even if the demand WAS there).

Or if they DO, it's at shit wages.

The young Europeans have major motivation probelsm due to this, so they end up using their internet savvy to make money on the Black Market, away from taxation, because they need every penny they can get. 

This cannot be tracked (which effect the number).

Plus, job seekers allowances are generous over there, in terms of time.  The weekly dole they get is insufficent to live a normal life; it will barely eat/pay the bills.  This may rear its head more if a "black swan" event happens to effect the Euro currency.

Well not always. Places like Saudi Arabia have had massive youth unemployment for decades.

Saudi Arabia is a dictatorship, and their citizens are mostly brainwashed god-fearing theo-tards.  Plus, no one cares about the deserts of the world.  Why do you think Tattooine ws mostly uninhabited? 

In Europe, people maybe-kidna-sorta believe in religion......but they WILL drop it once they realize that the old elites in Europe do NOT give a shit about them. 

The Easter Island moment is coming.

Thu, 01/24/2013 - 17:20 | Link to Comment Totentänzerlied
Totentänzerlied's picture

As long as the "free" benefits keep coming, the revolutions will not. It is and always has been that simple. When the Saudis first started tapping their wells, they were backing themselves into a corner - if the oil money ever runs out, their welfare state ends and their regime and society go with it.

And who wouldn't have a motivation problem with the world literally screaming at you, "you are so fucking fucked!" for the past 11 years (9/11 was the "moment" past which it was no longer forgivable for one to be ignorant of The Way Things Really Are).

Europeans are every bit as brainwashed as Arabians, and Americans, and everyone else. Each group just drinks a different color Kool-Aid, Europe currently preferring "Atheist Red" and similar varieties.

Thu, 01/24/2013 - 14:11 | Link to Comment youngman
youngman's picture

I wonder what they do all day long.....????? 

Thu, 01/24/2013 - 14:42 | Link to Comment Jena
Jena's picture

Hang out, play video games, check what's on Facebook, repeat?

 

Thu, 01/24/2013 - 17:26 | Link to Comment Totentänzerlied
Totentänzerlied's picture

Drugs, clubs, games, lots of alcohol - so much so that it bears being listed apart from drugs, internet, government handouts, iGadgets, TV/music/movies, and of course next-to-free education.

How many ways can I say it? Short of killing them all, you could not ask for a better system to keep the youth preoccupied and harmless. Every socialist of every stripe, despite everything else over which they may endlessly quarrel, knows and agrees that control of the youth is control of the future.

They've been at it for roughly a century. Look around you. Can you tell?

Thu, 01/24/2013 - 14:12 | Link to Comment Sweet Pea
Sweet Pea's picture

Moar immigration, bitchez!

Thu, 01/24/2013 - 14:14 | Link to Comment Triple A
Triple A's picture

high youth unemployment won't mean a revolution is coming. It will mean the same thing here, sky rocketing drug use. 99.8% of kids 18 to 25 don't know fuck about what is going on in the world.

Thu, 01/24/2013 - 15:59 | Link to Comment walküre
walküre's picture

They spend countless hours on the internet and watching youtube vids for example. They know what's going on and who is to blame for the imbalances and the fact that there are no jobs out there. I think you may be underestimating their frustration with their status quo and their ability to direct their anger at the system that failed them.

The beaten down youth propelled extremists or populists to power. Greece and Spain right now are prime breeding grounds for militants and revolutionists.

 

Thu, 01/24/2013 - 14:25 | Link to Comment EL INDIO
EL INDIO's picture

Do you know what unemployed youth are good for ?

WAR

Thu, 01/24/2013 - 14:30 | Link to Comment magpie
magpie's picture

As if most countries today would tolerate an armed populace (especially their own)

Thu, 01/24/2013 - 14:57 | Link to Comment EL INDIO
EL INDIO's picture

I had in mind somewhere else like Africa or the middle east.
War can reduce the numbers in two ways : by employing and by terminating !

Thu, 01/24/2013 - 15:07 | Link to Comment magpie
magpie's picture

That is understandable, but many European countries abolished mass conscription out of such motives.

Thu, 01/24/2013 - 18:49 | Link to Comment Terminus C
Terminus C's picture

Yep, and no government would ever go back on that... would they?

Thu, 01/24/2013 - 14:30 | Link to Comment 101 years and c...
101 years and counting's picture

you mean naked selling of vix calls does not create jobs?

Thu, 01/24/2013 - 14:30 | Link to Comment It is a bargin ...
It is a bargin my friend's picture

As a Brit I dont get the southern Europeans, 60% youth unemployment here and the place would erupt as I suspect would the US

Thu, 01/24/2013 - 14:42 | Link to Comment jmcadg
jmcadg's picture

British youth would riot over Nike trainers, US youth would riot in WalMart. Spain will go first, Greece has had 4 years of this, they should have stormed parliament by now.

Thu, 01/24/2013 - 15:20 | Link to Comment It is a bargin ...
It is a bargin my friend's picture

You miss judge British youth I think, they are more aware than that, I agree the Spanish are the key, the Greeks remind me of the skotch in Life Of Brian arguing about what they should call them selves http://www.youtube.com/watch?v=gb_qHP7VaZE

Thu, 01/24/2013 - 16:02 | Link to Comment Super Broccoli
Super Broccoli's picture

they haven't !

The only reason is : our retarded MSM told them it was cool to be LAZY, IDIOTICS, WITHOUT ANY OPINION AND GAY !

 

Thu, 01/24/2013 - 14:32 | Link to Comment Haus-Targaryen
Haus-Targaryen's picture

I hope the Spanish go first.  They do civil war better than anyone.  The only other country I'd really like to see go at it would be France.  They have gone at it with one another for a couple centuries at this point.  

Thu, 01/24/2013 - 14:37 | Link to Comment magpie
magpie's picture

A very, very bad mannered person could point out that the German Occupation and the Vichy regime were such a case...perhaps even the OAS rebelling.

Thu, 01/24/2013 - 14:35 | Link to Comment Seasmoke
Seasmoke's picture

Another thing is, they probably get very little in unemployment as their work history if any , is at very low wages.

Thu, 01/24/2013 - 14:35 | Link to Comment Volaille de Bresse
Volaille de Bresse's picture

"I hope the Spanish go first.  They do civil war better than anyone.  The only other country I'd really like to see go at it would be France.  They have gone at it with one another for a couple centuries at this point"

 

Does this make your dick hard, dick? It's not about civil wars it's about the 99% rebelling against the 1%, dick!

Thu, 01/24/2013 - 15:39 | Link to Comment otto skorzeny
otto skorzeny's picture

every post of yours is some idiotic euro-elitist claptrap

Fri, 01/25/2013 - 05:50 | Link to Comment Stuntgirl
Stuntgirl's picture

In Spain, it IS about civil war. Only in Spanish civil war people confuse the top 1% with the top 40%.

Thu, 01/24/2013 - 14:37 | Link to Comment Racer
Racer's picture

Reading a story of one statistic they got rid of... job seekers office found this person a job which they had to take... the new employer can't afford to pay the person and this person may not be able to leave the job and get benefit again because they will have quit the job...

So they are struggling to live now and don't know what the future will bring, might be kicked out of their rented accommodation too

Thu, 01/24/2013 - 14:45 | Link to Comment Central Bankster
Central Bankster's picture

With the double top failing to hold, I would say we have a breakout in EU zone unemployment.   I'm Bullish rising unemployment in the EZ according to this chart.  Also, a longterm bullish bets in rising unemployment in Spain/Greece will be long term winners.  However, expect "corrections", when the government lies and fudges the numbers.  Buy the dip!

Thu, 01/24/2013 - 14:48 | Link to Comment rsnoble
rsnoble's picture

And they call that just a recession. LMFAO!  It's not even a depression, it's an outright fucking collapse!

So........not only do they have a high youth unemployment problem they are eventually going to have a large % of the population that have never worked at all that will soon be older adults.

You can thank all the elitist fuckheads and their NWO global block ideas for this one and they still aren't giving up.  The same assholes that put the US on a level playing field with the likes of China.  Yes it sure was a boom for all of us just like they said it would be!  Ultra filthy rich companies like Apple that use mostly automation.  These bastards have pushed the planet to it's breaking point and it's going to blow sky high eventually.

Thu, 01/24/2013 - 14:53 | Link to Comment tango
tango's picture

The more basic question that few ask is:  What conditions create jobs?  We hear about QE, austerity, debt, demand, etc jobs exist only by demographics and capital / investment or savings.   We're left with a continent losing population, investing little and saving nothing (hey that sounds like another country I know). 

The policies undertaken by the "experts" see so ludicrous.  They devalue money, force folks to increasingly rely on credit and prevent savings.  It extinguishes the aspirational society.  They yap about employment but the very poicies they pursue have the opposite effect.  It makes no sense whatsoever.

Thu, 01/24/2013 - 15:09 | Link to Comment magpie
magpie's picture

Labor moves from the periphery to the center - that's the whole 'EU Plan'

Thu, 01/24/2013 - 15:00 | Link to Comment yogibear
yogibear's picture

There will be people making tons of Euros suppling guns, ammo, gasoline, bottles and rags.

Soon to follow, after Japan, in the US.

Thu, 01/24/2013 - 14:59 | Link to Comment They Tried to S...
They Tried to Steal My Gold's picture

Sadly the question, "Who's your daddy" ......has never been more important. 

 

Thankfully we have Soetoro.... yea

Thu, 01/24/2013 - 15:21 | Link to Comment Floodmaster
Floodmaster's picture

Your Real Enemy :: Your Mom and Pops.

2013 average Barcelona property price € 560K ($750K USD) , Spain average €242K ($324K USD).

Let Market Crash

Thu, 01/24/2013 - 20:48 | Link to Comment billsykes
billsykes's picture

I know the house (finished,built long ago, downtown not spec stucco & tape condos) prices are still rock solid.  

Pisses me off. I want to buy at a (pre boom) reasonable valuation. 

 

Fri, 01/25/2013 - 05:55 | Link to Comment Stuntgirl
Stuntgirl's picture

Worry not, you'll get your chance.

Please note the difference in "prices" if you are looking at "ask" prices or effective transaction price data. The difference is like 30%.

Prices are being upheld by boom-time re-valuation of houses which eans the government will take taxes on what they say the house is worth, not on the price you paid for it. This will soon be overturned because market price is well below that.

Hold on for at leaat 2 more years, tho.

Thu, 01/24/2013 - 15:24 | Link to Comment W74
W74's picture

Today in history: the gold rush began in 1848 in Northern California....165 years ago.  It was the land of opportunity for anyone who wanted to earn their own way.  Nowadays?  Well I don't think I have to tell you guys anything about California, particularly the southern parts and the SF bay area.

Thu, 01/24/2013 - 15:47 | Link to Comment Benito
Benito's picture

Still another "success" by the Spanish extractive élite. Government declares labor market reform is already paying off... what a joke! In the meantime, there are still as many state jobs as self-employed: http://twitter.yfrog.com/z/1f597p ((a sueldo del estado vs. autónomos)

Last one please shut off the lights, please.

 

Thu, 01/24/2013 - 16:23 | Link to Comment HeatMiser
HeatMiser's picture

http://taubcenter.org.il/index.php/publications/e-bulletin/arab-israeli-...

I guess the 12 billion the US gives Israel helps only some people.

Thu, 01/24/2013 - 16:24 | Link to Comment AZLagun
AZLagun's picture

They could go help their fellow EU frère in Mali.

Thu, 01/24/2013 - 22:06 | Link to Comment Radical Marijuana
Radical Marijuana's picture

As the background article linked in the one above stated:

"The independent variable that did result in more unrest: higher levels of government debt in the first place."

It is the fundamental structure of the system that is causing this!

However, I disagree that "Yet, there is nothing being done."

What is actually being done is to prepare to start more wars and impose martial law. The fundamental structure of the current systems are due to the triumphs of the interntional banksters being able to make the WHOLE SYSTEM depend upon more "money as debt." That social pyramid system MUST eventually do what it is now doing, which is that its debt slavery becomes debt insanity.

The astronomical magnitude of that globalized debt insanity, where every economic decision is made on the basis of a fundamentally fraudulent financial accounting system, was implicit in the recent article on Zero Hedge about The Tangled Relationship Between Wealth & Money.

http://www.zerohedge.com/news/2013-01-24/guest-post-tangled-relationship...

Those tangled relationships are actually a Gordian Knot of social insanities, due to the prolonged triumph of financial frauds being behind everything else. It is the high levels of government debt that are behind more unrest. However, the ONLY ways that the established systems prepare for their debt slavery becoming debt insanity is to prepare to back up their legalized lies with MORE legalized violence!

This is spiral of fraud, backed by force, which is sucking the future down its drain. The future of youth is being flushed away, and we have not seen anything yet! However, the magnitude of this FRAUD BUBBLE, has taken on astronomically amplified sizes, as recently pointed out by another article republished on Zero Hedge:

http://www.zerohedge.com/contributed/2013-01-23/biggest-bubble-history-f...

In my opinion, the problems that the youth face are that their society has become so totally insane that there are no sane solutons left to be able to perceive or believe in. The social conditions may well be "racing to the revolution," however, the real problems are unprecedented in human history, and therefore, there is nothing in the past to provide any useful guidance regarding what the hell any "revolution" is supposed to accomplish.

Of course, I have spent my whole life thinking about that, and have a long list of suggestions, BUT, those are practically useless, since the entrenched, established systems are a runaway fascist plutocracy juggernaut, that appears able and willing to turn most of the young people into its road kill. We are waiting and watching a mad system get madder, like a pressure cooker which has all its safety values welded shut.

Any old-fashioned kind of "revolution" is sure to backfire and make things worse, since those events would probably be started through black operations, as false flags. However, I can not believe that anything else is going to be possible. The magnitude of the problems are due to utterly overwhelming social insanity totally dominating the entire culture, for a very long time, so that there is barely the slightest shreds of sanity possible in any public debates regarding the problems.

The established ruling classes depend on maintaining the systems that they made, which are based on debt slavery, which have already become debt insanity. Their victims, who are especially the poor young, have no reasonable chance to learn anything enough to change anything enough. Their situation will automatically get worse, and maybe they will finally be forced to freak out, ... but there is practically nowhere they could go to learn enough to understand the kind of real revolution that they should engage in ...

Instead, I expect things to be more and more social insanity, pumped into the system, until there are changes of state that amount to social psychotic breakdowns. Those should NOT be called "revolutions!" The only things that deserve to be called "revolutions" should be widespread paradigm changes in the deeper ways that people think. Unfortunately, there are no reasonable grounds to believe that could happen until after the established systems respond in their prepared and planned ways, namely wars, along with martial law.

Youth rebellions will only trigger those events, and indeed, I tend to expect that those events will end up being "led" by black operations, staging more false flag events. It is a horrible dilemma, since the established systems ARE debt slavery, which have driven themselves automatically into a condition of debt insanity, and that debt insanity IS the primary reason why there is a growing social insanity, which most adversely impacts upon the most vulnerable, which are the younger and the poorer. However, any possible solutions appear to me to necessarily come AFTER the psychotic social breakdowns that those insanities drive to happen. It is an open question whether the social storms that break out, due to the runaway debt insanities, could possibly lead to good revolutionary solutions, rather than only lead to more social insanities. I tend towards believing the latter, more than the former idealized notions of real revolutions based on profound paradigm shifts in our politics. So far, I see no good grounds that enable me to believe otherwise, although I would LIKE TO!

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