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Europe's Scariest Chart Goes Parabolic

Tyler Durden's picture





 

Ireland has seen its youth unemployment rate drop for 10 of the last 11 months and has dropped to a 'mere' 26.6% - the lowest since July 2010 - in what is truly the only possible silver lining in today's absolutely dreadful data release. All four of the other PIIGS nations now have broken the dismal Maginot Line of 40% youth unemployment with Italy finally joining the club (Italy 40.5%, Portugal 42.5%, Spain 58.2%, and Greece 62.5%). What is even more concerning is that not only are these rates extremely high but they are accelerating with all four of these dark nations seeing their rates rising faster than in recent months (this was the 2nd fastest rise in Greek youth unemployment ever). Overall, Europe's youth unemployment rate continues to march higher (to 24.4%) having not fallen for 24 months, but it is Spain that is the 'winner' with 41 consecutive months without a drop in youth unemployment. With welfare benefits running dry, and Sweden and Switzerland already running hot, we fear this summer may bring the much-feared unrest so many have been concerned about.

 

 

In other news, Germany's youth unemployment rate pushes on lower - now at 20 year lows...

 

Data: Bloomberg

 


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Fri, 05/31/2013 - 09:10 | Link to Comment 101 years and c...
101 years and counting's picture

will the bubble gum holding the water back hold thru sept for merkie to be re-elected?  or will it come undone and the dam break?  lets hope it breaks.

Fri, 05/31/2013 - 09:12 | Link to Comment fightthepower
fightthepower's picture

When are these punks going to start killing the people who put them in this situation?

Fri, 05/31/2013 - 09:17 | Link to Comment FL_Conservative
FL_Conservative's picture

Sounds like its time for the governments to start forcing companies to hire people.  That'll fix things.

Fri, 05/31/2013 - 09:44 | Link to Comment forwardho
forwardho's picture

You Sir could have a bright future with .gov

Fri, 05/31/2013 - 10:27 | Link to Comment notbot
notbot's picture

They are all in their mom's basement daytrading Tesla using Bitcoin.

Fri, 05/31/2013 - 15:07 | Link to Comment Hard1
Hard1's picture

My technical analyisis shows some resistance at 100

Fri, 05/31/2013 - 09:57 | Link to Comment venturen
venturen's picture

/SARC

Fri, 05/31/2013 - 10:00 | Link to Comment BraveSirRobin
BraveSirRobin's picture

Youth unemployment can only go as high as 100%, so as far as Greece is concerned, we are nearing peak youth unemployment.

Fri, 05/31/2013 - 17:56 | Link to Comment Nussi34
Nussi34's picture

Incorrect. Unemployment ratio of 100% means 1 unemployed 1 employed. The ratio can go to infinity. ---> There is still potential for the Euro-Zone!

Fri, 05/31/2013 - 12:44 | Link to Comment e-recep
e-recep's picture

krugman, is that you?

Sat, 06/01/2013 - 14:57 | Link to Comment papaclop
papaclop's picture

Krugmoron can help. Print, print, then print some more.I have seen nothing from him that would help. I think he wants helicopter Ben's job. The US government is dumb enough to hire him.

Fri, 05/31/2013 - 09:17 | Link to Comment kridkrid
kridkrid's picture

I have $500 fake Internet dollars that says they don't end up going after the right people.

Fri, 05/31/2013 - 09:41 | Link to Comment Terminus C
Terminus C's picture

not takin' that bet...

Fri, 05/31/2013 - 10:02 | Link to Comment fightthepower
fightthepower's picture

Rothschilds?

Fri, 05/31/2013 - 09:18 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Spanish police officer stabs banker who sold him near-worthless bank shares :

« on Sunday, a police officer stabbed a former Bankia employee four times after a heated discussion related to the sale of preferred shares in the failed banking group »

http://www.forbes.com/sites/afontevecchia/2013/05/28/spains-bankia-decim...

Fri, 05/31/2013 - 09:38 | Link to Comment otto skorzeny
otto skorzeny's picture

Great irony- a banker stabbed by a goon that is paid by the govt to protect said banker.

Fri, 05/31/2013 - 09:44 | Link to Comment Terminus C
Terminus C's picture

He stabbed a low to mid level banker, as if that guy had any control over the situation.  Sure he was part of the criminal system, but, until the cops start stabbing the criminal politicians, the top level managers (ceo's etc) and the owners of said criminal institutions it will be more of the same, divide and conquer.

Fri, 05/31/2013 - 11:31 | Link to Comment MagicHandPuppet
MagicHandPuppet's picture

If the cop would have stabbed himself 4 times afterwards, it would have been a small vitory for freedom.

Fri, 05/31/2013 - 09:37 | Link to Comment freewolf7
freewolf7's picture

Simple math.

.

youth angst

+ no work/money

+ no future/hopium

+ long, hot summer =

fearless revolt across settings

 

 

Fri, 05/31/2013 - 11:32 | Link to Comment dtwn
dtwn's picture

Math also reveals what I think will really be the worlds scariest chart: china's excess males aged 15-39 (in my mind fighting age).  

By 2015 there will be approx 25 million more males than females aged 15-39

By 2020 this rises to approx 30 million  

Lets see, if I were to brew up a recipe for extreme global chaos, I'd probably include the following:

--End of the largest extremely leveraged rehypothecated fiat currency global debt supercycle in history (check, err in process)

--Somewhere in the world that has excess production/manufacturing capacity (check, i.e Foxconn etc when china crashes)

--Global information distribution method (check, internet, but referencing the fact that CAD files for many conventional weapons are out there now)

--Global resource competition (check)

--A metric fuckton of fighting age males.  With limited job prospects.  With limited pussy prospects.  (Check, again china when it hard-lands)

 

Really, let that sink in.  30 million men unlikely to form meaningful heterosexual relationships.  Living in a country/world who's economy just deflated. See where I'm headed here?  Am I missing any other ingredients?

I'm in my early thirties, and grew up very optimistic about the future.  Now, I'm afraid we won't make it to 2020 without global economic collapse followed by some sort of conventional warfare confrontation.

Or, to put it more optimistically, if you want to become obscenely wealthy, develop a product targeting closeted Chinese gay men.

Or, another option is to solve Japan's declining birthrate is to ship over the excess chinese men.  Given history though, I don't see it.

 

Age stats source:

http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTHEALTHNUTRITIONANDPOPULATION/EXTDATASTATISTICSHNP/EXTHNPSTATS/0,,contentMDK:21737699~menuPK:3385623~pagePK:64168445~piPK:64168309~theSitePK:3237118~isCURL:Y,00.html

Fri, 05/31/2013 - 13:05 | Link to Comment goBackToSleep
goBackToSleep's picture

Many will die by lead poisoning when there is no longer food/jobs. The police will not have to do it primarily because there are not enough police for the job. That leaves joe public to do the job. It will be justified, because they will be trying o feed their families, but that is ultimately how population control will happen.

Fri, 05/31/2013 - 13:30 | Link to Comment Totentänzerlied
Totentänzerlied's picture

That's why Thailand, Laos, Cambodia, and the Philippines exist...

Gender imbalances are a permanent fact, nothing new, what matters is how a society handles it (priesthoods, large militaries, and primogeniture are a good start).

Fri, 05/31/2013 - 18:36 | Link to Comment U4 eee aaa
U4 eee aaa's picture

explains why Japan is building sex robots

Sat, 06/01/2013 - 01:12 | Link to Comment kareninca
kareninca's picture

dtwn, I gave you an up arrow for noting the situation.  I keep posting on this topic:  even now in China, 118 boys are born for every 100 girls.  Selective abortion:it's practiced in India, too.

However, I don't think that war will be the upshot, for China anyway.  These only-child boys were utterly spoiled by their doting older relatives.  They are depressed and obese and hopeless creatures:  Little Emperors.  The amazing thing is that the ones who are presently managing to marry and reproduce, are aborting THEIR baby girls, too!!!!!!  Since the ratios are not improving.  This will continue to feed on itself.

I don't know of any country that has women who will want to marry these surplus Chinese males.

India is a different matter.  I can see riots happening there, due to their male/female imbalance.

Fri, 05/31/2013 - 09:54 | Link to Comment Widowmaker
Widowmaker's picture

Boomers Inc?

Fri, 05/31/2013 - 09:24 | Link to Comment Paddy Irishman
Paddy Irishman's picture

Dont be fooled with the Irish numbers! The reason for this is Ireland has always had an emigration culture around it when things are shit. Like now. Loads of peple going back to college or doing a state funded course by FAS...none of whom are counted as unemployed...yet they have no jobs and do these courses because they have no job! Add to that the thousands emigrating every month....Unemployment down...me hole!....down cos nobody sticking around.

Fri, 05/31/2013 - 11:52 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Move to Queens, the Bronx, Boston maybe.  Plenty of drywall for the installing!

Fri, 05/31/2013 - 19:45 | Link to Comment thisandthat
thisandthat's picture

Exactly - same everywhere; unemployed will go through an endless number of random and unrelated courses, to keep them "updated": Excel programming, labour legislation, etc., etc. - they're (poorly) paid and give you the illusion they'll be useful, so that helps keeping things quiet.

Fri, 05/31/2013 - 09:27 | Link to Comment Ronaldo
Ronaldo's picture

Move along, these are not the jobs you are looking for.

Fri, 05/31/2013 - 09:30 | Link to Comment slaughterer
slaughterer's picture

Rumor is from the deepest centers of power: Span-Merkel might pull out of the German election, and not run.  Where does the market go then?  

Fri, 05/31/2013 - 10:15 | Link to Comment gatorengineer
gatorengineer's picture

straight up.....  If she doesnt run then Germany pays Europes bills for 6 months..... and then a puff of smoke....  

Fri, 05/31/2013 - 09:31 | Link to Comment Haus-Targaryen
Haus-Targaryen's picture

But Barroso said the EuroCrisis was over.  

Fri, 05/31/2013 - 09:42 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

Irish newspapers are the most corrupt in the world; they reported unemployment falling yesterday (20k) like it was part of an economic recovery. They are a fecking disgrace. No details like 90% of the jobs created were part time low paid.

Fri, 05/31/2013 - 09:57 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

Yes, these Irish figures don't mean much. Emigration is an unfortunate (or maybe fortunate for those doing it) way to get a job and life outside Ireland.

IMO, the economy is quite weak in Dublin right now except in technology where its booming - in Google anyway... The financial and investment sector is moribund, maybe not in fund servicing, I mean real investment activities..

Fri, 05/31/2013 - 09:11 | Link to Comment Dr. Engali
Dr. Engali's picture

Thank goodness for printing presses, welfare, and video games or this might be a problem.

Fri, 05/31/2013 - 09:11 | Link to Comment saycheeeese
saycheeeese's picture

with nothing to lose anymore.... you go to the barricades, just wait for the spark !

Fri, 05/31/2013 - 09:16 | Link to Comment kridkrid
kridkrid's picture

General Lamarque is dead.

Fri, 05/31/2013 - 09:13 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Could we get some real numbers on this? How many 19-25 year old are we talking about here?  I'd like to offer them an opportunity to sharecrop.

Fri, 05/31/2013 - 09:16 | Link to Comment fightthepower
fightthepower's picture

I'd like to offer any of the hot females a chance to be my concubine.

Fri, 05/31/2013 - 09:31 | Link to Comment slaughterer
slaughterer's picture

Only if you pay for servicing in Precious Metals.  

Fri, 05/31/2013 - 09:41 | Link to Comment forwardho
forwardho's picture

Agree, A % is an abstract thing. If it was reported in actual numbers of people the figures would stagger.

Is it that hard to find the demographic numbers, or is this a subtle form of propaganda?

Fri, 05/31/2013 - 09:13 | Link to Comment kridkrid
kridkrid's picture

What on earth will our leaders be able to do with so many unemployed utes. If we could find meaningful work that somehow also reduced the number of unfunded liabilities on world-wide basis, perhaps with some sort of economic "reset" on the other side, we would be all set.

Fri, 05/31/2013 - 09:14 | Link to Comment americanspirit
americanspirit's picture

So is 110% youth unemployment possible? I think we're going to see.

Fri, 05/31/2013 - 09:25 | Link to Comment PT
PT's picture

americanspirit asks if 110% unemployment is possible.  I say yes.  When everyone needs 2 jobs to survive and don't even have one, I'd call that "200% unemployment", making 110% achievable.  Well, according to me, anyway.

Fri, 05/31/2013 - 09:46 | Link to Comment Terminus C
Terminus C's picture

You have the right type of number massaging skills to be a top level employee at the BLS but you will require re-education for the direction in which you will massage.

Fri, 05/31/2013 - 17:19 | Link to Comment americanspirit
americanspirit's picture

Kudos PT! With creative numbers anything is possible. All hail the economic recovery in America. Happy days are here again.

Sat, 06/01/2013 - 08:43 | Link to Comment PT
PT's picture

Wot, with 600% unemployment?

Fri, 05/31/2013 - 09:14 | Link to Comment HulkHogan
HulkHogan's picture

I can remember being that age, and if unemployed, I would've been high everyday and breaking windows or tagging every building in town. The lack of violence with 60% unemployment is amazing.

Fri, 05/31/2013 - 09:17 | Link to Comment fightthepower
fightthepower's picture

That's why they are unemployed, they are passive fucking losers. 

Fri, 05/31/2013 - 09:25 | Link to Comment BLOTTO
BLOTTO's picture

Yes. Brainwashed, with electronic gadgets to keep them subdued.

Fri, 05/31/2013 - 09:56 | Link to Comment freewolf7
freewolf7's picture

Isn't it also passive to stay in the hypnotic 2 or 3 job "treading water" state. Now who's the loser? We're all losing.

 

divide/conquer/repeat

Fri, 05/31/2013 - 10:39 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Hulk - you didn't have the MSM assuaging your ego like the youth does today. The MSM knows the score and they are doing everything short of murder to keep themselves afloat. Tbey have to sell advertising now don't they.

Fri, 05/31/2013 - 11:40 | Link to Comment Ballin D
Ballin D's picture

Police state bro. Not sure why the European kids arent rioting more but itd be fucking stupid to do in the states. That kind of delinquency is far more dangerous now than it used to be.

Dont expect any young people to be itching to get killed by the overzealous police that you created and armed, and backed by bending the rule of law that our founding fathers created. How about using that wealth and power for good? In the revolutionary war and the civil war much of the resistance was financed by the people who wanted change. Its not like a bunch of kids picked up guns and organized themselves. True leaders emerged and funded, armed, and trained the youth. Youve spent your life funding and arming the wrong side, traitor.

Fri, 05/31/2013 - 09:14 | Link to Comment Jason T
Jason T's picture

Ireland is improving.

August.. its' gets nuts.. M. Armstrongs' ECM has a turning point on Aug. 7th.  Goes down from there.  

Fri, 05/31/2013 - 09:16 | Link to Comment apberusdisvet
apberusdisvet's picture

Public executions will be the latest reality show craze in Europe.  The only question is:  will they be done by fascist police state thugs or the 99%?

Fri, 05/31/2013 - 09:17 | Link to Comment buzzsaw99
buzzsaw99's picture

The unemployed yutes should be glad the globalist maggots didn't have to take a loss.

Fri, 05/31/2013 - 09:17 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Re: yoof unemployment - "Italy 40.5%, Portugal 42.5%, Spain 58.2%, and Greece 62.5%"

HOLY SHIT!

Expect Yuropean QE, another World War on the continent and perhaps even Martians landing - all that's need to solve the above problem!

Fri, 05/31/2013 - 09:22 | Link to Comment Hulk
Hulk's picture

We're screwed if the Martians had a recent convert to the metric system.

"Missed it by that much" (read of course, in your mental Maxwell Smart voice)

Fri, 05/31/2013 - 09:22 | Link to Comment Room 101
Room 101's picture

Scary charts?  That's just silly.  Youth unemployment isn't a problem for the TPTB so long as it's channeled and put to use. Never let a crisis go to waste and I doubt this "crisis" will go to waste. 

 

Fri, 05/31/2013 - 09:22 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

I wonder if they'll wear bread helmets? They have some great breads in Europe.

Fri, 05/31/2013 - 09:24 | Link to Comment Silver Exterior
Silver Exterior's picture

Dont panic!

If they can save bank-sters, they surly must be able 2 save 50% of the youth.

Fri, 05/31/2013 - 09:25 | Link to Comment chindit13
chindit13's picture

There is simply no way to make light of this situation, and frankly, there is nothing that can be done nor nothing that could have been done, save for trade barriers, to prevent it.  No "gold standard" or "end the central bank" would have made a lick of difference.  The world simply cannot absorb so many wannabe workers fast enough, and once globalization took hold, an extra few billion equally qualified, albeit more hungry workers, came online.  David Ricardo was right when there was isolated expertise, but when technology is readily accessible to all, and movement of goods is not the critical cost, all advantages disappear except the price of labor and the environment. I have empathy, but no solution.  Social unrest will give a voice to the frustration, but there is no way out and no solution. The term "hopeless" is tailor made for what ails the PIIGS.

Fri, 05/31/2013 - 09:31 | Link to Comment kridkrid
kridkrid's picture

I wrote this in another thread... mostly just thinking out loud, but it goes here as well. Not sure I'm 100% on this, but I think I'm on the right path. Hard to say what sort of "alternate ending" you end up with if you were to move back the hands of time and choose a different path. Anyway...

I'm not sure that globalization would be all that bad if not for the immoral monetary system in which it resides. There would be no market in which to sell shitty needless goods if it weren't financed through the constant expansion of debt. The cost to service the debt extracts productive labor from the equation and hammers the margins driving the need for ever cheaper labor. And on a separate though equally importat note, globalization is also built on th back for cheap and abundant energy. Neither rising debt nor cheap energy are sustainable. Those who wish for the end of globalization will be rewarded. Careful for what you wish.

Fri, 05/31/2013 - 09:42 | Link to Comment Room 101
Room 101's picture

Hopeless?  For who?  TPTB will be just fine.  The european "yutes" will be put to productive use as well once the Germans move to take/consolidate control.  What did you think the EU was about, anyway?   

Fri, 05/31/2013 - 10:54 | Link to Comment skipjack
skipjack's picture

If TPTB would stop the financialization and debasing, existing workers would be able to work fewer hours to pay for their necessities, thus enabling more yutes to get a toehold in the economy.  It's the debasement and consequent inflation of everything needed to sustain life - food, shelter - that is the real problem.  Knock 90% off your expenses by allowing deflation and ending most of government/regulations, and you don't need that much work to live.

Fri, 05/31/2013 - 09:28 | Link to Comment 1835jackson
1835jackson's picture

Disgrace. Central planning at it's best and they ain't done yet! War is coming to the middle east and I don't mean a missle or two here and there I am talking epic bunker busters on Iranian "power plants" etc.

Fri, 05/31/2013 - 09:28 | Link to Comment esum
esum's picture

We shoud have stayed out of WWII. Then Germany would make things work. ve hav vays of dealing vit you indigent people...

Fri, 05/31/2013 - 12:50 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

Actually we should have stayed out of WWI. No Versailles would mean that WWII would have never been necessary.

Fri, 05/31/2013 - 09:29 | Link to Comment DeliciousSteak
DeliciousSteak's picture

We must do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian-Darwinian theory, he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.

-RB Fuller

 

Congratulations Europe, you have arrived.

Fri, 05/31/2013 - 09:40 | Link to Comment kridkrid
kridkrid's picture

This does all pose an interesting dilemma, no? As we innovate beyond the need for human labor, what the fock is everyong supposed to do? I sat through a technology presentation yesterday... it was geared towards streamlining the recruitment/hiring process. I left absolutely convinced that the additional labor required to keep up with the beuracracy could very likely be intentional. It literally employs people in work that otherwise wouldn't exist.... at both companies... the actual company and the technology company. We are all a bunch of ditch diggers... sitting in chairs... getting fat.

Sat, 06/01/2013 - 01:17 | Link to Comment kareninca
kareninca's picture

Why can't I up-arrow DeliciousSteak's post???

This keeps happening:  arrows not working.  Hmph.

 

Fri, 05/31/2013 - 09:29 | Link to Comment PT
PT's picture

Oh its all good news.  Now they're all unemployed and starving to death, they'll suddenly become "innovative" and "entrepreneurial" and they'll all acquire some capital and start building successful businesses everywhere.  I know this will happen becoz I read it in several business magazines and web articles and newspapers over the last 20 years.  Something about lots of uppercase letterisms and invisible hand jobs or sumfing.

Fri, 05/31/2013 - 09:30 | Link to Comment PT
PT's picture

P.S.  Just a reminder, I actually do like capitalism.  But I think we've lost something in the translation.

Fri, 05/31/2013 - 09:37 | Link to Comment ElvisDog
ElvisDog's picture

I think they will fall into 3 camps: (1) they will turn to crime to make ends meet. (2) they will start small-scale, underground black market businessess of some sort, selling apples on the streetcorner, etc.  (3) They will try to emigrate somewhere because someone told them they can get jobs/benefits there.

Fri, 05/31/2013 - 09:43 | Link to Comment kridkrid
kridkrid's picture

Of course, those 3 are not mutually exclusive. You could go 2 then 1. Or you could go 3 then 1. Or 3 then 2 then 1. Or 1 then 3 then 2 then 1. Any combination, really.

Fri, 05/31/2013 - 10:58 | Link to Comment TheGardener
TheGardener's picture

Starting a business is almost considered a crime these days.

Sat, 06/01/2013 - 11:30 | Link to Comment Village-idiot
Village-idiot's picture

There is actually a fourth option, although that's not likely to happen.

The generations-long indoctrination of the masses into the wonders of socialism will be overthrown when they finally understand that socialism simply doesn't work. Either they come to this realization as individuals or as a nation. The system has to collapse for this change to happen and the socialists will fight to the bitter-end to keep it going, but it will have to end eventually.

Atlas will shrug.

Fri, 05/31/2013 - 09:30 | Link to Comment Smuckers
Smuckers's picture

Two ways to handle this bubble, increase jobs or decrease peop-

 

Fri, 05/31/2013 - 10:56 | Link to Comment skipjack
skipjack's picture

Or stop the financial elites from running up the prices of everything so they can skim from us all.  The way to end the bubble is to hang all the banksters, and then all the politicians who take their cash.

Fri, 05/31/2013 - 09:30 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

good

Fri, 05/31/2013 - 09:34 | Link to Comment cdskiller
cdskiller's picture

Give me your tired, your poor,
Your huddled masses yearning to breathe free;
The wretched refuse of your teeming shore,
Send these, the homeless,
Tempest-tossed to me
I lift my lamp beside the golden door!

Um, on second thought...

Fri, 05/31/2013 - 11:48 | Link to Comment Debt Slave
Debt Slave's picture

No working white man would ever say that.

Fri, 05/31/2013 - 12:52 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

It doesn't matter how much Ireland's unemployment rate drops, that tiny island is filling up with third world immigrants like rats on a life raft.

The Irish fought for centuries for control over their isle for what, to turn around and tell hordes of third worlders "Alright guys, come on in!"? All that Catholic versus Protestant, Irish versus British, what was it all for? So the IRA could become the 'pro-immigration' party? We hate Protestants but let armies of Muslims and Hindus in instead?

The traitorous middling elites supporting this think they're above the tide and will be OK. They're wrong. Only the ones at the very top of the pyramid will benefit.

Fri, 05/31/2013 - 09:42 | Link to Comment Silverhog
Silverhog's picture

Getting close to cocktail hour and I'm not thinking rum.

Fri, 05/31/2013 - 09:45 | Link to Comment surf0766
surf0766's picture

Centrally planned unemployment for the NWO to complete its' takeover.

Fri, 05/31/2013 - 09:47 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

Irish people called rayciss and "xenophobic" for preferring Irish taxi drivers over Pakis and Africans in Dublin (capital of Ireland):

http://m.bbc.co.uk/news/world-europe-18068782

Fri, 05/31/2013 - 15:02 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

They need a better PR agent.   They need new Mantras.

A religious mantra would be:  "We prefer JUDEO-Christian drivers, who have greater cultural empathy to our driving environment." 

Or, if you prefer secular versions...

a. "We believe in a free-market economy, not communism".

b. "In the interest of preserving cultural diversity, we are preserving our indigenous culture.  Our small culture of a few million is much, much smaller than the population of the motherland of the 'incoming' culture (invasive species).   It is us who are the 'endangered species' in need of protection."

Are you listening Sweden?

Fri, 05/31/2013 - 09:48 | Link to Comment insanelysane
insanelysane's picture

Like I said yesterday...

I don't need a job but I do need income.

Sat, 06/01/2013 - 11:07 | Link to Comment Village-idiot
Village-idiot's picture

You sound like the typical socialist with an "entitilement" attitude.

I don't want to work for it! Take it from others who have earned it.

Fri, 05/31/2013 - 09:52 | Link to Comment orangegeek
orangegeek's picture

It's getting uglier by the day out there.

 

With real estate in the tank, 80% of a bank's business is at risk.

 

They are already rioting in Sweden.

 

Markets are the last to tank.  Keep spending Ben and Barry - unless of course you are too busy fucking/auditing conservatives.

Fri, 05/31/2013 - 09:59 | Link to Comment venturen
venturen's picture

what are you talking about...High Real Estate Is at a Record! Money printing is a record. Wall Street trading in FED dollars is at a record. Isn't that all that matter? Hampton Rentals RECORD!

Fri, 05/31/2013 - 13:55 | Link to Comment the tower
the tower's picture

Riots in Sweden were because of police shooting a man, not because of unemployment.

Fri, 05/31/2013 - 10:00 | Link to Comment Widowmaker
Widowmaker's picture

The young are being economically castrated and will be systematically ground up on behalf of the State.

War is coming to Fascist Europe.

Fri, 05/31/2013 - 10:50 | Link to Comment lolman
lolman's picture

"Fascist"

 

Fascists usually care about their own people, even if in a twisted way

 

What we are talking about here is pure crude socialism

Sat, 06/01/2013 - 11:03 | Link to Comment Village-idiot
Village-idiot's picture

I believe you're right. But I'm afraid the entire European educational system was commandeered decades ago by socialists and have indoctrinated at least a couple of generations into thinking that socialism is the answer to all of their problems. That the state will look after them. That the rich are evil and that they must "pay their share".

This whole socialist system will have to completely collapse before the public will be shaken out of their most cherished beliefs and stop relying on the nanny-state. It's not going to happen soon. The Powers-that-be will not let it go without a fight.

Fri, 05/31/2013 - 10:19 | Link to Comment smacker
smacker's picture

 

As others say, this deteriorating employment news points to a summer of riots and demos across ClubMed. But judging how deeply the Greeks have already been screwed - with no public hangings or any change of who's in control of the country - I wouldn't hold your breath waiting for news of riots.

In any case, MSM would give such events only the most trivial of coverage, if any. There's a big demo in Frankfurt today by "Blockupy" (sp?) with access to the ECB blocked by demonstrators. Not a word about it on UK Sky News. Dunno about the BBC - I gave up watching it a long time ago  ...

Fri, 05/31/2013 - 10:26 | Link to Comment PontifexMaximus
PontifexMaximus's picture

I want to see those rates at 100 % and I can assure you, nothing will happen.

Fri, 05/31/2013 - 10:28 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Old news, Draghinomics will turn it around in no time. 

Fri, 05/31/2013 - 10:28 | Link to Comment earnulf
earnulf's picture

2013: The European Summer of Discontent.    All those idle hands and what, oh what will they ever do with them?

 

Fri, 05/31/2013 - 10:32 | Link to Comment Clowns on Acid
Clowns on Acid's picture

But the Hamptons are so nice this time of year.....

Fri, 05/31/2013 - 10:36 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Its the new potato famine....

Fri, 05/31/2013 - 10:43 | Link to Comment gold mans sack
gold mans sack's picture

Multi-culturalism will fix Europe. /sarc

Fri, 05/31/2013 - 11:29 | Link to Comment Paracelsus
Paracelsus's picture

   As I recall it was a mobile foodstand vendor being harassed by the police in Tunis which sparked off the Arab Spring revolts.He couldn't feed his family so set himself on fire in protest.I believe he was an unemployed engineer.The thing I find interesting about the upcoming revolts this Summer is some will be alcohol fueled and some (muslim) will be dry.Also,the abdication of the Shah of Iran was facilitated by the protests of Iranian women beating pots and pans.I wonder how they feel about their "freedom" under Sharia law.Be careful what you wish for.What's that line from a Hillaire Belloq poem?"Hold tight to the hand of Nanny Nurse,for fear of finding something worse".

Fri, 05/31/2013 - 11:53 | Link to Comment kdervin
kdervin's picture

I notice they never mention how youth unemployment is measured.  For instance, in the U.S. college grads who don't land jobs are not counted in the unemployment numbers because according to the BLS they never worked (i.e. were never part of the workforce to start with).

We know the US' youth unemployment rate for minorities rivals Greece, Italy et al - but can total youth unemployment be that different?

Fri, 05/31/2013 - 13:51 | Link to Comment bugs_
bugs_'s picture

print more money and import more workers.

the glaring side effect statistic is youth unemployment

the hidden cancer is the hopelessness in the young unemployed who have been displaced.

The hopelessness they feel occurs at a time in their lives when they should be the most optimistic about their future.

Among all the things these governments have squandered this is the worst - AND FOR WHAT?

Fri, 05/31/2013 - 13:53 | Link to Comment the tower
the tower's picture

"Switzerland already running hot"..

Huh? Everyone has a job here... Minimum wage is CHF 4000 (approx. $4000) a month.

Sat, 06/01/2013 - 10:55 | Link to Comment Village-idiot
Village-idiot's picture

The problem is with writers, such as the writer of this article, who use silly, meaningless expressions like you mention, that no one understands and are open to interpretation.

Fri, 05/31/2013 - 14:45 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Looking at the chart, I see two EU Zones:  The North (GFUK) and the South (PIGS).  When will the PIGS they secede? 

/ And who will play Lincoln, to slaughter or screw the pigs?  The one with the G-spot? /s

Sat, 06/01/2013 - 10:50 | Link to Comment Village-idiot
Village-idiot's picture

What I don't understand is why people aren't running to Germany to get jobs. Britain is being buried in immigrants looking for work, overloading the welfare system. Crime rates are rising. Germany continues on with few unemployed moving there.

Why?

Sat, 06/01/2013 - 17:38 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

They are skilless idiots.  They don't deserve anything but jobs serving people for 2 dollars an hour.  Two month off faggot beach party shitheads.

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